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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues        
Payment processing revenue $ 244,872   $ 721,411  
Account servicing revenue 78,748 $ 71,322 236,168 $ 198,538
Finance fee revenue 53,703 50,879 154,958 136,336
Other revenue 67,368 56,099 187,206 160,935
Total revenues 382,690 324,002 1,108,395 919,243
Cost of services        
Service fees 13,818 19,658 39,847 57,413
Provision for credit losses 21,435 19,614 46,930 47,927
Operating interest 10,268 7,537 28,281 17,049
Depreciation and amortization 19,013 18,879 60,058 54,639
Total cost of services 144,114 134,807 410,624 379,710
General and administrative 51,799 51,538 155,720 133,788
Sales and marketing 54,611 41,585 168,849 121,726
Depreciation and amortization 29,054 32,349 88,817 95,788
Impairment charges 2,424 0 2,424 16,175
Operating income 100,688 63,723 281,961 172,056
Financing interest expense (25,718) (25,754) (78,560) (81,449)
Net foreign currency (loss) gain (1,094) 14,611 (27,438) 33,578
Net unrealized gain (loss) on financial instruments 2,157 (150) 18,371 (849)
Income before income taxes 76,033 52,430 194,334 123,336
Income taxes 18,751 18,570 48,278 43,760
Net income 57,282 33,860 146,056 79,576
Less: Net (loss) income from non-controlling interest (40) (111) 803 (886)
Net income attributable to shareholders $ 57,322 $ 33,971 $ 145,253 $ 80,462
Net income attributable to WEX Inc. per share:        
Basic (in dollars per share) $ 1.33 $ 0.79 $ 3.37 $ 1.87
Diluted (in dollars per share) $ 1.31 $ 0.79 $ 3.33 $ 1.87
Weighted average common shares outstanding:        
Basic (in shares) 43,191 43,014 43,141 42,963
Diluted (in shares) 43,615 43,101 43,558 43,092
Payment processing revenue        
Revenues        
Payment processing revenue $ 182,871 $ 145,702 $ 530,063 $ 423,434
Cost of services        
Processing costs $ 79,580 $ 69,119 $ 235,508 $ 202,682