| Reportable Segment Results |
The following table presents the Company’s reportable segment results on an adjusted net income basis for the three months ended September 30, 2013 and 2012: | | | | | | | | | | | | | | | | | | | | | | Total Revenues | | Operating Interest Expense | | Depreciation and Amortization | | Provision for Income Taxes | | Adjusted Net Income | Three months ended September 30, 2013 | | | | | | | | | | Fleet payment solutions | $ | 136,874 |
| | $ | 427 |
| | $ | 5,767 |
| | $ | 21,726 |
| | 35,119 |
| Other payment solutions | 54,651 |
| | 549 |
| | 342 |
| | 7,577 |
| | 15,303 |
| Total | $ | 191,525 |
| | $ | 976 |
| | $ | 6,109 |
| | $ | 29,303 |
| | 50,422 |
| Three months ended September 30, 2012 | | | | | | | | | | Fleet payment solutions | $ | 117,877 |
| | $ | 838 |
| | $ | 5,856 |
| | $ | 21,874 |
| | $ | 33,641 |
| Other payment solutions | 43,090 |
| | 404 |
| | 441 |
| | 5,589 |
| | 8,394 |
| Total | $ | 160,967 |
| | $ | 1,242 |
| | $ | 6,297 |
| | $ | 27,463 |
| | $ | 42,035 |
|
The following table presents the Company’s reportable segment results on an adjusted net income basis for the nine months ended September 30, 2013 and 2012: | | | | | | | | | | | | | | | | | | | | | | Total Revenues | | Operating Interest Expense | | Depreciation and Amortization | | Provision for Income Taxes | | Adjusted Net Income | Nine months ended September 30, 2013 | | | | | | | | | | Fleet payment solutions | $ | 393,953 |
| | $ | 1,392 |
| | $ | 17,358 |
| | $ | 58,474 |
| | 99,950 |
| Other payment solutions | 141,227 |
| | 1,813 |
| | 1,346 |
| | 17,128 |
| | 29,840 |
| Total | $ | 535,180 |
| | $ | 3,205 |
| | $ | 18,704 |
| | $ | 75,602 |
| | 129,790 |
| Nine months ended September 30, 2012 | | | | | | | | | | Fleet payment solutions | $ | 341,709 |
| | $ | 2,685 |
| | $ | 17,699 |
| | $ | 56,027 |
| | $ | 94,169 |
| Other payment solutions | 112,444 |
| | 744 |
| | 1,241 |
| | 13,607 |
| | 22,512 |
| Total | $ | 454,153 |
| | $ | 3,429 |
| | $ | 18,940 |
| | $ | 69,634 |
| | $ | 116,681 |
|
|
| Reconciliation of Adjusted Net Income To Net Income |
The following table reconciles adjusted net income to net income: | | | | | | | | | | | | | | | | | | Three months ended
September 30, | | Nine months ended
September 30, | | 2013 | | 2012 | | 2013 | | 2012 | Adjusted net income WEX Inc. | $ | 50,422 |
| | $ | 42,035 |
| | $ | 129,790 |
| | $ | 116,681 |
| Unrealized (loss) gains on fuel price derivatives | (2,733 | ) | | (12,849 | ) | | 1,234 |
| | (1,841 | ) | Amortization of acquired intangible assets | (8,051 | ) | | (5,411 | ) | | (24,564 | ) | | (15,481 | ) | Goodwill impairment | — |
| | (16,171 | ) | | — |
| | (16,171 | ) | Deferred loan costs associated with the extinguishment of debt | — |
| | — |
| | (1,004 | ) | | — |
| Non-cash adjustments related to tax receivable agreement | 150 |
| | — |
| | 150 |
| | — |
| Change in tax refund due to former shareholders of RD Card Holding Australia | — |
| | — |
| | — |
| | 9,750 |
| Other adjustments related to Fleet One acquisition | 658 |
| | — |
| | 658 |
| | — |
| ANI adjustments attributable to noncontrolling interest | 313 |
| | 77 |
| | 971 |
| | 77 |
| Tax impact | 3,079 |
| | 6,617 |
| | 7,505 |
| | (25,146 | ) | Net earnings attributable to WEX Inc. | $ | 43,838 |
| | $ | 14,298 |
| | $ | 114,740 |
| | $ | 67,869 |
|
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