XML 16 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Unaudited Condensed Consolidated Statements of Income and Comprehensive (Loss) Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Revenues $ 211,978 $ 167,076 $ 417,296 $ 326,890
Operating costs and expenses        
Cost of revenues, exclusive of depreciation and amortization 97,481 80,452 199,929 156,869
Selling, general and administrative expenses 38,187 29,522 73,813 53,397
Depreciation and amortization 32,950 22,329 67,391 41,761
Total operating costs and expenses 168,618 132,303 341,133 252,027
Income from operations 43,360 34,773 76,163 74,863
Non-operating income (expenses)        
Interest income 3,218 2,103 6,578 3,236
Interest expense (18,709) (5,640) (38,648) (11,283)
Gain (loss) on foreign currency remeasurement 2,404 333 (2,052) (4,531)
Earnings from equity method investments 1,096 1,476 2,167 2,631
Other income, net 2,255 1,591 6,095 2,601
Total non-operating expenses (9,736) (137) (25,860) (7,346)
Income before income taxes 33,624 34,636 50,303 67,517
Income tax expense 1,101 6,586 1,393 9,404
Net income 32,523 28,050 48,910 58,113
Less: Net income (loss) attributable to non-controlling interest 622 (105) 1,030 (94)
Net income attributable to EVERTEC, Inc.’s common stockholders 31,901 28,155 47,880 58,207
Other comprehensive (loss) income, net of tax of $474, $(195), $631 and $(311)        
Foreign currency translation adjustments (64,351) 3,153 (90,827) 20,758
Gain on cash flow hedges 1,034 1,816 3,382 271
Unrealized loss on change in fair value of debt securities available-for-sale 0 0 (3) (20)
Other comprehensive (loss) income, net of tax (63,317) 4,969 (87,448) 21,009
Total comprehensive (loss) income attributable to EVERTEC, Inc.’s common stockholders $ (31,416) $ 33,124 $ (39,568) $ 79,216
Net income per common share - basic attributable to EVERTEC, Inc.’s common stockholders (in usd per share) $ 0.50 $ 0.43 $ 0.74 $ 0.90
Net income per common share - diluted attributable to EVERTEC, Inc.’s common stockholders (in usd per share) $ 0.49 $ 0.43 $ 0.73 $ 0.89