Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2022

Summary transactions with related parties

The following table presents the Company’s transactions with related parties for the three and six months ended June 30, 2022 and 2021:


	Three months ended June 30,				Six months ended June 30,
(In thousands)	2022		2021		2022		2021
Total revenues (1)(2)	$	65,825	$	61,884	$	130,553	$	122,253
Cost of revenues	$	418	$	569	$	1,733	$	1,618
Operating lease cost and other fees	$	1,765	$	1,609	$	3,626	$	3,524
Interest earned from affiliate
Interest income	$	440	$	130	$	780	$	238

(1)Popular revenues as a percentage of total revenues were 41%, 42%, 42% and 42%, respectively, for each of the periods presented above.

(2)Includes revenues generated from investee accounted for under the equity method of $0.1 million, $0.1 million, $0.2 million, and $0.1 million, respectively, for each of the periods presented above.

Summary of balances of transactions with related parties

As of June 30, 2022 and December 31, 2021, EVERTEC had the following balances arising from transactions with related parties:


(In thousands)	June 30, 2022		December 31, 2021
Cash and restricted cash deposits in affiliated bank	$	107,977	$	187,602
Other due to/from affiliate
Accounts receivable	$	35,985	$	38,120
Prepaid expenses and other assets	$	1,790	$	1,763
Operating lease right-of-use assets	$	11,856	$	13,533
Other long-term assets	$	3,054	$	2,853
Accounts payable	$	2,664	$	5,601
Contract liabilities	$	41,709	$	40,982
Operating lease liabilities	$	12,359	$	14,019