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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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| Revenues | |||
| Fleet payment solutions | $ 562,169wex_FleetPaymentSolutions | $ 527,424wex_FleetPaymentSolutions | $ 470,591wex_FleetPaymentSolutions |
| Other payment solutions | 255,478wex_OtherPaymentSolutions | 190,039wex_OtherPaymentSolutions | 152,560wex_OtherPaymentSolutions |
| Total revenues | 817,647us-gaap_SalesRevenueNet | 717,463us-gaap_SalesRevenueNet | 623,151us-gaap_SalesRevenueNet |
| Expenses | |||
| Salary and other personnel | 200,809us-gaap_LaborAndRelatedExpense | 164,521us-gaap_LaborAndRelatedExpense | 123,380us-gaap_LaborAndRelatedExpense |
| Service fees | 119,876us-gaap_CostOfServices | 103,428us-gaap_CostOfServices | 103,189us-gaap_CostOfServices |
| Provision for credit losses | 32,144us-gaap_ProvisionForOtherCreditLosses | 20,200us-gaap_ProvisionForOtherCreditLosses | 22,539us-gaap_ProvisionForOtherCreditLosses |
| Technology leasing and support | 30,581wex_TechnologyLeasingAndSupport | 24,217wex_TechnologyLeasingAndSupport | 18,537wex_TechnologyLeasingAndSupport |
| Occupancy and equipment | 18,278us-gaap_CommunicationsInformationTechnologyAndOccupancy | 15,967us-gaap_CommunicationsInformationTechnologyAndOccupancy | 12,361us-gaap_CommunicationsInformationTechnologyAndOccupancy |
| Advertising | 11,814us-gaap_AdvertisingExpense | 11,176us-gaap_AdvertisingExpense | 10,155us-gaap_AdvertisingExpense |
| Marketing | 3,934us-gaap_MarketingExpense | 3,684us-gaap_MarketingExpense | 3,679us-gaap_MarketingExpense |
| Postage and shipping | 5,369us-gaap_ShippingHandlingAndTransportationCosts | 5,140us-gaap_ShippingHandlingAndTransportationCosts | 4,347us-gaap_ShippingHandlingAndTransportationCosts |
| Communications | 9,213us-gaap_Communication | 7,069us-gaap_Communication | 5,373us-gaap_Communication |
| Depreciation, amortization and impairments | 70,380us-gaap_DepreciationAndAmortization | 58,208us-gaap_DepreciationAndAmortization | 75,263us-gaap_DepreciationAndAmortization |
| Operating interest expense | 6,437us-gaap_InterestExpenseDebt | 4,287us-gaap_InterestExpenseDebt | 4,990us-gaap_InterestExpenseDebt |
| Other | 30,064us-gaap_OtherGeneralExpense | 22,827us-gaap_OtherGeneralExpense | 17,719us-gaap_OtherGeneralExpense |
| Gain on sale of subsidiary | (27,490)us-gaap_GainOrLossOnSaleOfStockInSubsidiary | 0us-gaap_GainOrLossOnSaleOfStockInSubsidiary | 0us-gaap_GainOrLossOnSaleOfStockInSubsidiary |
| Total operating expenses | 511,409us-gaap_OperatingExpenses | 440,724us-gaap_OperatingExpenses | 401,532us-gaap_OperatingExpenses |
| Operating income | 306,238us-gaap_OperatingIncomeLoss | 276,739us-gaap_OperatingIncomeLoss | 221,619us-gaap_OperatingIncomeLoss |
| Financing interest expense | (36,042)us-gaap_FinancingInterestExpense | (29,419)us-gaap_FinancingInterestExpense | (10,433)us-gaap_FinancingInterestExpense |
| Net foreign currency (loss) gain | (13,438)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax | 964us-gaap_ForeignCurrencyTransactionGainLossBeforeTax | (299)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax |
| Net realized and unrealized gains (losses) on fuel price derivatives | 46,212wex_NetRealizedAndUnrealizedLossesOnFuelPriceDerivatives | (9,851)wex_NetRealizedAndUnrealizedLossesOnFuelPriceDerivatives | (12,365)wex_NetRealizedAndUnrealizedLossesOnFuelPriceDerivatives |
| Decrease in tax refund due to former shareholder of RD Card Holdings Australia | 0wex_DecreaseInTaxRefundDueToFormerShareholders | 0wex_DecreaseInTaxRefundDueToFormerShareholders | 9,750wex_DecreaseInTaxRefundDueToFormerShareholders |
| Increase in amount due under tax receivable agreement | (1,331)wex_IncreaseDecreaseInAmountDueUnderTaxReceivableAgreement | (33)wex_IncreaseDecreaseInAmountDueUnderTaxReceivableAgreement | (2,089)wex_IncreaseDecreaseInAmountDueUnderTaxReceivableAgreement |
| Income before income taxes | 301,639us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | 238,400us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | 206,183us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments |
| Income taxes | 101,621us-gaap_IncomeTaxExpenseBenefit | 90,102us-gaap_IncomeTaxExpenseBenefit | 109,474us-gaap_IncomeTaxExpenseBenefit |
| Net income | 200,018us-gaap_ProfitLoss | 148,298us-gaap_ProfitLoss | 96,709us-gaap_ProfitLoss |
| Less: Net loss from non-controlling interests | (2,193)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest | (910)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest | (213)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest |
| Net earnings attributable to WEX Inc. | $ 202,211us-gaap_NetIncomeLoss | $ 149,208us-gaap_NetIncomeLoss | $ 96,922us-gaap_NetIncomeLoss |
| Net earnings attributable to WEX Inc. per share: | |||
| Basic (in usd per share) | $ 5.20us-gaap_EarningsPerShareBasic | $ 3.83us-gaap_EarningsPerShareBasic | $ 2.50us-gaap_EarningsPerShareBasic |
| Diluted (in usd per share) | $ 5.18us-gaap_EarningsPerShareDiluted | $ 3.82us-gaap_EarningsPerShareDiluted | $ 2.48us-gaap_EarningsPerShareDiluted |
| Weighted average common shares outstanding: | |||
| Basic (in usd per share) | 38,890us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 38,946us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 38,840us-gaap_WeightedAverageNumberOfSharesOutstandingBasic |
| Diluted (in usd per share) | 39,000us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 39,103us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 39,092us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding |
| X | ||||||||||
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- Definition
Amount charged to advertising expense for the period, which are expenses incurred with the objective of increasing revenue for a specified brand, product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of expense incurred in the period for communication, which is the exchange of information by several methods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of communications, data processing and occupancy expenses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total costs related to services rendered by an entity during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents interest incurred for borrowed money which was used to produce goods or render services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before tax of foreign currency transaction realized and unrealized gain (loss) recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of gain (loss) on sale or disposal of equity in securities of subsidiaries. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the cost of borrowed funds accounted for as interest expense for debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of expenditures for salaries, wages, profit sharing and incentive compensation, and other employee benefits, including equity-based compensation, and pension and other postretirement benefit expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Expenditures for planning and executing the conception, pricing, promotion, and distribution of ideas, goods, and services. Costs of public relations and corporate promotions are typically considered to be marketing costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
Amount of general expenses not normally included in Other Operating Costs and Expenses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of expense related to credit loss from transactions other than loan and lease transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Cost incurred during the reporting period in transporting goods and services to customers. Includes freight-out costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Decrease In Tax Refund Due To Former Shareholders No definition available.
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- Definition
Fleet payment solutions. No definition available.
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- Definition
Changes in our tax receivable liability. No definition available.
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- Definition
Gains and losses related to change in market value, including cash settlements of our fuel price derivatives products. No definition available.
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Other payment solutions. No definition available.
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- Definition
Fees to maintain software and hardware technology leasing. No definition available.
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