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v3.23.2

SEGMENT INFORMATION (Tables) | 6 Months Ended
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Jun. 30, 2023
SEGMENT INFORMATION |
Schedule of reportable segment results | The following tables present the Company's reportable segment results for the three months and six months ended June 30, 2023 and 2022:
|  | For the Three Months Ended June 30, 2023
(in millions) |  | EFT Processing |  | epay |  | Money Transfer |  | Corporate Services, Eliminations and Other |  | Consolidated
Total revenues |  | $ | 282.4 |  |  | $ | 263.8 |  |  | $ | 394.8 |  |  | $ | (1.9 | ) |  | $ | 939.1 |
Operating expenses: |  |  |  |  |  |  |  |  |  |
Direct operating costs, exclusive of depreciation |  | 142.1 |  |  | 204.2 |  |  | 213.7 |  |  | (1.9 | ) |  | 558.1 |
Salaries and benefits |  | 30.8 |  |  | 22.0 |  |  | 78.5 |  |  | 18.1 |  |  | 149.4 |
Selling, general and administrative |  | 16.6 |  |  | 9.1 |  |  | 47.3 |  |  | 2.3 |  |  | 75.3 |
Depreciation and amortization |  | 23.8 |  |  | 1.7 |  |  | 8.1 |  |  | 0.1 |  |  | 33.7 |
Total operating expenses |  | 213.3 |  |  | 237.0 |  |  | 347.6 |  |  | 18.6 |  |  | 816.5 |
Operating income (loss) |  | $ | 69.1 |  |  | $ | 26.8 |  |  | $ | 47.2 |  |  | $ | (20.5 | ) |  | $ | 122.6 |
|  | For the Three Months Ended June 30, 2022
(in millions) |  | EFT Processing |  | epay |  | Money Transfer |  | Corporate Services, Eliminations and Other |  | Consolidated
Total revenues |  | $ | 249.0 |  |  | $ | 227.7 |  |  | $ | 368.5 |  |  | $ | (1.9 | ) |  | $ | 843.3 |
Operating expenses: |  |  |  |  |  |  |  |  |  |
Direct operating costs, exclusive of depreciation |  | 123.8 |  |  | 173.7 |  |  | 205.0 |  |  | (1.8 | ) |  | 500.7 |
Salaries and benefits |  | 27.7 |  |  | 19.8 |  |  | 68.0 |  |  | 15.8 |  |  | 131.3 |
Selling, general and administrative |  | 17.0 |  |  | 8.3 |  |  | 46.3 |  |  | 2.6 |  |  | 74.2 |
Depreciation and amortization |  | 25.7 |  |  | 1.6 |  |  | 8.6 |  |  | 0.1 |  |  | 36.0 |
Total operating expenses |  | 194.2 |  |  | 203.4 |  |  | 327.9 |  |  | 16.7 |  |  | 742.2 |
Operating income (loss) |  | $ | 54.8 |  |  | $ | 24.3 |  |  | $ | 40.6 |  |  | $ | (18.6 | ) |  | $ | 101.1 |
|  | For the Six Months Ended June 30, 2023
(in millions) |  | EFT Processing |  | epay |  | Money Transfer |  | Corporate Services, Eliminations and Other |  | Consolidated
Total revenues |  | $ | 474.6 |  |  | $ | 501.2 |  |  | $ | 754.2 |  |  | $ | (3.7 | ) |  | $ | 1,726.3 |
Operating expenses: |  |  |  |  |  |  |  |  |  |
Direct operating costs, exclusive of depreciation |  | 261.1 |  |  | 382.3 |  |  | 410.0 |  |  | (3.7 | ) |  | 1,049.7 |
Salaries and benefits |  | 58.3 |  |  | 43.4 |  |  | 152.8 |  |  | 36.8 |  |  | 291.3 |
Selling, general and administrative |  | 32.7 |  |  | 17.9 |  |  | 95.0 |  |  | 4.9 |  |  | 150.5 |
Depreciation and amortization |  | 46.5 |  |  | 3.3 |  |  | 16.6 |  |  | 0.2 |  |  | 66.6 |
Total operating expenses |  | 398.6 |  |  | 446.9 |  |  | 674.4 |  |  | 38.2 |  |  | 1,558.1 |
Operating income (loss) |  | $ | 76.0 |  |  | $ | 54.3 |  |  | $ | 79.8 |  |  | $ | (41.9 | ) |  | $ | 168.2 |
|  | For the Six Months Ended June 30, 2022
(in millions) |  | EFT Processing |  | epay |  | Money Transfer |  | Corporate Services, Eliminations and Other |  | Consolidated
Total revenues |  | $ | 394.6 |  |  | $ | 463.5 |  |  | $ | 707.5 |  |  | $ | (3.8 | ) |  | $ | 1,561.8 |
Operating expenses: |  |  |  |  |  |  |  |  |  |
Direct operating costs, exclusive of depreciation |  | 217.1 |  |  | 352.0 |  |  | 393.5 |  |  | (3.7 | ) |  | 958.9 |
Salaries and benefits |  | 52.9 |  |  | 40.0 |  |  | 135.3 |  |  | 29.9 |  |  | 258.1 |
Selling, general and administrative |  | 28.1 |  |  | 17.7 |  |  | 87.3 |  |  | 4.9 |  |  | 138.0 |
Depreciation and amortization |  | 48.0 |  |  | 3.3 |  |  | 17.5 |  |  | 0.2 |  |  | 69.0 |
Total operating expenses |  | 346.1 |  |  | 413.0 |  |  | 633.6 |  |  | 31.3 |  |  | 1,424.0 |
Operating income (loss) |  | $ | 48.5 |  |  | $ | 50.5 |  |  | $ | 73.9 |  |  | $ | (35.1 | ) |  | $ | 137.8 |
The following table presents the Company's total assets by reportable segment:
| Total Assets as of
(in millions) | June 30, 2023 |  | December 31, 2022
EFT Processing | $ | 2,393.8 |  |  | $ | 2,150.7 |
epay | 848.3 |  |  | 1,173.3 |
Money Transfer | 1,728.0 |  |  | 1,795.8 |
Corporate Services, Eliminations and Other | 250.9 |  |  | 283.8 |
Total | $ | 5,221.0 |  |  | $ | 5,403.6 |
Schedule of Company's revenues disaggregated by segment and region |
|  | Revenues for the Three Months Ended June 30, 2023 |  | Revenues for the Six Months Ended June 30, 2023
(in millions) |  | EFT Processing |  | epay |  | Money Transfer |  | Total |  |  | EFT Processing |  |  |  | epay |  |  |  | Money Transfer |  |  |  | Total |
Europe |  | $ | 223.7 |  |  | $ | 172.4 |  |  | $ | 166.1 |  |  | $ | 562.2 |  |  | $ | 358.6 |  |  | $ | 327.3 |  |  | $ | 315.3 |  |  | $ | 1,001.2 |
North America |  | 17.3 |  |  | 44.6 |  |  | 186.9 |  |  | 248.8 |  |  |  | 35.3 |  |  |  | 80.4 |  |  |  | 349.6 |  |  |  | 465.3 |
Asia Pacific |  | 40.3 |  |  | 38.1 |  |  | 28.8 |  |  | 107.2 |  |  |  | 76.0 |  |  |  | 57.8 |  |  |  | 50.9 |  |  |  | 184.7 |
Other |  | 1.1 |  |  | 8.7 |  |  | 13.0 |  |  | 22.8 |  |  |  | 4.7 |  |  |  | 35.7 |  |  |  | 38.4 |  |  |  | 78.8 |
Eliminations |  | — |  |  | — |  |  | — |  |  | (1.9 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (3.7 | )
Total |  | $ | 282.4 |  |  | $ | 263.8 |  |  | $ | 394.8 |  |  | $ | 939.1 |  |  | $ | 474.6 |  |  | $ | 501.2 |  |  | $ | 754.2 |  |  | $ | 1,726.3 |
|  | Revenues for the Three Months Ended June 30, 2022 |  | Revenues for the Six Months Ended June 30, 2022
(in millions) |  | EFT Processing |  | epay |  | Money Transfer |  | Total |  |  | EFT Processing |  |  |  | epay |  |  |  | Money Transfer |  |  |  | Total |
Europe |  | $ | 199.3 |  |  | $ | 140.3 |  |  | $ | 148.6 |  |  | $ | 488.2 |  |  | $ | 296.5 |  |  | $ | 290.6 |  |  | $ | 288.7 |  |  | $ | 875.8 |
North America |  | 16.6 |  |  | 33.0 |  |  | 179.7 |  |  | 229.3 |  |  |  | 33.8 |  |  |  | 65.6 |  |  |  | 338.4 |  |  |  | 437.8 |
Asia Pacific |  | 32.3 |  |  | 41.0 |  |  | 27.1 |  |  | 100.4 |  |  |  | 62.7 |  |  |  | 81.8 |  |  |  | 53.7 |  |  |  | 198.2 |
Other |  | 0.8 |  |  | 13.4 |  |  | 13.1 |  |  | 27.3 |  |  |  | 1.6 |  |  |  | 25.5 |  |  |  | 26.7 |  |  |  | 53.8 |
Eliminations |  | — |  |  | — |  |  | — |  |  | (1.9) |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (3.8 | )
Total |  | $ | 249.0 |  |  | $ | 227.7 |  |  | $ | 368.5 |  |  | $ | 843.3 |  |  | $ | 394.6 |  |  | $ | 463.5 |  |  | $ | 707.5 |  |  | $ | 1,561.8 |

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