$EVTC
Evertec Inc

2014 Q2 Form 10-Q Financial Statement

#000119312514298575 Filed on August 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $91.33M $89.18M
YoY Change 2.42% 5.69%
Cost Of Revenue $595.0K $2.506M
YoY Change -76.26% -93.7%
Gross Profit $90.74M $86.67M
YoY Change 4.69% 94.76%
Gross Profit Margin 99.35% 97.19%
Selling, General & Admin $10.46M $12.62M
YoY Change -17.12% 48.92%
% of Gross Profit 11.53% 14.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.800M $4.100M
YoY Change -7.32% 0.0%
% of Gross Profit 4.19% 4.73%
Operating Expenses $10.46M $12.62M
YoY Change -17.12% 48.92%
Operating Profit $25.43M $16.94M
YoY Change 50.13% -7.11%
Interest Expense $6.501M $9.747M
YoY Change -33.3% -26.46%
% of Operating Profit 25.57% 57.55%
Other Income/Expense, Net -$5.694M -$86.89M
YoY Change -93.45% 312.46%
Pretax Income $19.74M -$69.95M
YoY Change -128.21% 2370.75%
Income Tax $1.962M -$5.012M
% Of Pretax Income 9.94%
Net Earnings $17.77M -$64.94M
YoY Change -127.37% 3094.05%
Net Earnings / Revenue 19.46% -72.82%
Basic Earnings Per Share $0.23 -$0.82
Diluted Earnings Per Share $0.22 -$0.82
COMMON SHARES
Basic Shares Outstanding 78.41M shares 78.93M shares
Diluted Shares Outstanding 79.20M shares 78.93M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $27.80M $19.60M
YoY Change 41.84%
Cash & Equivalents $27.83M $19.59M
Short-Term Investments
Other Short-Term Assets $29.80M $29.60M
YoY Change 0.68%
Inventory
Prepaid Expenses
Receivables $71.48M $77.66M
Other Receivables $0.00 $0.00
Total Short-Term Assets $129.2M $126.9M
YoY Change 1.82%
LONG-TERM ASSETS
Property, Plant & Equipment $29.37M $33.03M
YoY Change -11.08%
Goodwill $369.2M $373.3M
YoY Change -1.1%
Intangibles
YoY Change
Long-Term Investments $11.29M $10.75M
YoY Change 4.99%
Other Assets $13.75M $18.97M
YoY Change -27.55%
Total Long-Term Assets $770.7M $820.4M
YoY Change -6.06%
TOTAL ASSETS
Total Short-Term Assets $129.2M $126.9M
Total Long-Term Assets $770.7M $820.4M
Total Assets $899.9M $947.3M
YoY Change -5.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.26M $25.59M
YoY Change -44.29%
Accrued Expenses $29.16M $30.26M
YoY Change -3.63%
Deferred Revenue
YoY Change
Short-Term Debt $23.00M $8.663M
YoY Change 165.5%
Long-Term Debt Due $19.00M $19.00M
YoY Change 0.0%
Total Short-Term Liabilities $96.18M $88.71M
YoY Change 8.42%
LONG-TERM LIABILITIES
Long-Term Debt $656.6M $674.7M
YoY Change -2.68%
Other Long-Term Liabilities $251.0K $633.0K
YoY Change -60.35%
Total Long-Term Liabilities $656.9M $675.4M
YoY Change -2.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $96.18M $88.71M
Total Long-Term Liabilities $656.9M $675.4M
Total Liabilities $773.8M $780.6M
YoY Change -0.88%
SHAREHOLDERS EQUITY
Retained Earnings $49.70M $10.95M
YoY Change 353.85%
Common Stock $786.0K $819.0K
YoY Change -4.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $126.1M $166.7M
YoY Change
Total Liabilities & Shareholders Equity $899.9M $947.3M
YoY Change -5.0%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $17.77M -$64.94M
YoY Change -127.37% 3094.05%
Depreciation, Depletion And Amortization $3.800M $4.100M
YoY Change -7.32% 0.0%
Cash From Operating Activities $37.50M -$47.70M
YoY Change -178.62% -522.12%
INVESTING ACTIVITIES
Capital Expenditures -$7.200M -$7.800M
YoY Change -7.69% 50.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$100.0K
YoY Change -100.0%
Cash From Investing Activities -$7.200M -$8.000M
YoY Change -10.0% 53.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -29.70M 41.20M
YoY Change -172.09% -165.09%
NET CHANGE
Cash From Operating Activities 37.50M -47.70M
Cash From Investing Activities -7.200M -8.000M
Cash From Financing Activities -29.70M 41.20M
Net Change In Cash 600.0K -14.50M
YoY Change -104.14% -74.65%
FREE CASH FLOW
Cash From Operating Activities $37.50M -$47.70M
Capital Expenditures -$7.200M -$7.800M
Free Cash Flow $44.70M -$39.90M
YoY Change -212.03% -341.82%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
78657848 shares
CY2013Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
19587000
CY2013Q3 us-gaap Reporting Unit Percentage Of Fair Value In Excess Of Carrying Amount
ReportingUnitPercentageOfFairValueInExcessOfCarryingAmount
0.30 pure
CY2014Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
78631847 shares
CY2014Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
78631847 shares
CY2014Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
206000000 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
8.12
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
49374 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
1.30
CY2014Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2014Q2 us-gaap Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
19 Country
CY2014Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2014Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2014Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
947373 shares
CY2014Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
54250000
CY2014Q2 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2014Q2 us-gaap Liabilities Current
LiabilitiesCurrent
96175000
CY2014Q2 us-gaap Deferred Tax Liabilities Current
DeferredTaxLiabilitiesCurrent
461000
CY2014Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
1801000
CY2014Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
1100000
CY2014Q2 us-gaap Common Stock Value
CommonStockValue
786000
CY2014Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2014Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
14256000
CY2014Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
49701000
CY2014Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
19000000
CY2014Q2 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
20702000
CY2014Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
29159000
CY2014Q2 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
4088000
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
126129000
CY2014Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
251000
CY2014Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
656626000
CY2014Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
899883000
CY2014Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
187630000
CY2014Q2 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
29400000
CY2014Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
82167000
CY2014Q2 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
0
CY2014Q2 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
8498000
CY2014Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
23000000
CY2014Q2 us-gaap Liabilities
Liabilities
773754000
CY2014Q2 us-gaap Due To Affiliate Noncurrent
DueToAffiliateNoncurrent
253000
CY2014Q2 us-gaap Deferred Rent Credit
DeferredRentCredit
200000
CY2014Q2 us-gaap Long Term Debt
LongTermDebt
698626000
CY2014Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-6525000
CY2014Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
27831000
CY2014Q2 us-gaap Deferred Tax Assets Liabilities Net Current
DeferredTaxAssetsLiabilitiesNetCurrent
2812000
CY2014Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
2200000
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
32988000
CY2014Q2 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
7500000
CY2014Q2 us-gaap Goodwill
Goodwill
369203000
CY2014Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
29371000
CY2014Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
5195000
CY2014Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
11000000
CY2014Q2 us-gaap Land And Land Improvements
LandAndLandImprovements
1410000
CY2014Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
21846000
CY2014Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
1590000
CY2014Q2 us-gaap Equity Method Investments
EquityMethodInvestments
11287000
CY2014Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
347114000
CY2014Q2 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
1941000
CY2014Q2 us-gaap Due From Affiliate Current
DueFromAffiliateCurrent
20078000
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
31336000
CY2014Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
82211000
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
30609000
CY2014Q2 us-gaap Assets
Assets
899883000
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
45742000
CY2014Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
71479000
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
24698000
CY2014Q2 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
2878000
CY2014Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
13745000
CY2014Q2 us-gaap Assets Current
AssetsCurrent
129163000
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
35741000
CY2014Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
534744000
CY2014Q2 evtc Maximum Secured Debt And Line Of Credit Secured Leverage Ratio
MaximumSecuredDebtAndLineOfCreditSecuredLeverageRatio
6.60 pure
CY2014Q2 evtc Outstanding Letters Of Credit For Which Collateral Provided To Related Party
OutstandingLettersOfCreditForWhichCollateralProvidedToRelatedParty
3600000
CY2014Q2 evtc Other Long Term Indemnification Assets Related Party
OtherLongTermIndemnificationAssetsRelatedParty
173000
CY2014Q2 evtc Cash And Restricted Cash Deposits In Affiliated Bank
CashAndRestrictedCashDepositsInAffiliatedBank
14847000
CY2014Q2 evtc Prepaid Expense And Other Assets Related Parties Current
PrepaidExpenseAndOtherAssetsRelatedPartiesCurrent
322000
CY2014Q2 evtc Net Operating Loss Carryforwards
NetOperatingLossCarryforwards
15100000
CY2014Q2 evtc Property Plant And Equipment Net Excluding Land
PropertyPlantAndEquipmentNetExcludingLand
27961000
CY2014Q2 evtc Deferred Revenue Related Party
DeferredRevenueRelatedParty
6964000
CY2014Q2 evtc Software Cost Reimbursement Fair Value
SoftwareCostReimbursementFairValue
2114000
CY2014Q2 evtc Software Cost Reimbursement Carrying Value
SoftwareCostReimbursementCarryingValue
2114000
CY2014Q2 evtc Future Windfall Tax Benefit
FutureWindfallTaxBenefit
7000000
CY2014Q2 evtc Data Processing Equipment Gross
DataProcessingEquipmentGross
70243000
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
25634000
CY2013Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
78286465 shares
CY2013Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
78286465 shares
CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
206000000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.77
CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1285536 shares
CY2013Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
47555000
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2013Q4 us-gaap Liabilities Current
LiabilitiesCurrent
121798000
CY2013Q4 us-gaap Deferred Tax Liabilities Current
DeferredTaxLiabilitiesCurrent
543000
CY2013Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
259000
CY2013Q4 us-gaap Common Stock Value
CommonStockValue
783000
CY2013Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2013Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
18630000
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
29403000
CY2013Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
19000000
CY2013Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
20212000
CY2013Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
26571000
CY2013Q4 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
1200000
CY2013Q4 us-gaap Long Term Debt
LongTermDebt
735880000
CY2013Q4 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
8886000
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
426000
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
111330000
CY2013Q4 us-gaap Due To Affiliate Noncurrent
DueToAffiliateNoncurrent
333000
CY2013Q4 us-gaap Deferred Rent Credit
DeferredRentCredit
300000
CY2013Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
333000
CY2013Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
665680000
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
919353000
CY2013Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
162343000
CY2013Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
31700000
CY2013Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
80718000
CY2013Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
5595000
CY2013Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
51200000
CY2013Q4 us-gaap Liabilities
Liabilities
808023000
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
22485000
CY2013Q4 us-gaap Deferred Tax Assets Liabilities Net Current
DeferredTaxAssetsLiabilitiesNetCurrent
2537000
CY2013Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
6385000
CY2013Q4 us-gaap Goodwill
Goodwill
373119000
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
33240000
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
5433000
CY2013Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
13500000
CY2013Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
1531000
CY2013Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
17524000
CY2013Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
1726000
CY2013Q4 us-gaap Equity Method Investments
EquityMethodInvestments
10639000
CY2013Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
367780000
CY2013Q4 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
1900000
CY2013Q4 us-gaap Due From Affiliate Current
DueFromAffiliateCurrent
18799000
CY2013Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
79264000
CY2013Q4 us-gaap Assets
Assets
919353000
CY2013Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
68434000
CY2013Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
2880000
CY2013Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
18162000
CY2013Q4 us-gaap Assets Current
AssetsCurrent
116413000
CY2013Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
530123000
CY2013Q4 evtc Other Long Term Indemnification Assets Related Party
OtherLongTermIndemnificationAssetsRelatedParty
1686000
CY2013Q4 evtc Cash And Restricted Cash Deposits In Affiliated Bank
CashAndRestrictedCashDepositsInAffiliatedBank
13933000
CY2013Q4 evtc Prepaid Expense And Other Assets Related Parties Current
PrepaidExpenseAndOtherAssetsRelatedPartiesCurrent
216000
CY2013Q4 evtc Property Plant And Equipment Net Excluding Land
PropertyPlantAndEquipmentNetExcludingLand
31709000
CY2013Q4 evtc Deferred Revenue Related Party
DeferredRevenueRelatedParty
4100000
CY2013Q4 evtc Software Cost Reimbursement Fair Value
SoftwareCostReimbursementFairValue
3586000
CY2013Q4 evtc Software Cost Reimbursement Carrying Value
SoftwareCostReimbursementCarryingValue
3586000
CY2013Q4 evtc Data Processing Equipment Gross
DataProcessingEquipmentGross
68273000
us-gaap Deferred Revenue Period Increase Decrease
DeferredRevenuePeriodIncreaseDecrease
1736000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.78
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-13902000
us-gaap Cumulative Translation Adjustment Net Of Tax Period Increase Decrease
CumulativeTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
2354000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75849551 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.78
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4227114 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75849551 shares
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
4332000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-24918000
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
44000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
745522000
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
112000
us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
93000
us-gaap Interest Income Related Party
InterestIncomeRelatedParty
42000
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
323000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5417000
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-492000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-64424000
us-gaap Operating Income Loss
OperatingIncomeLoss
37337000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-32000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-57503000
us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
1700000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-101761000
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
19000
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
7927000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
12077000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-77468000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
1960000
us-gaap Revenues
Revenues
176514000
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
84004000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4384000
us-gaap Net Income Loss
NetIncomeLoss
-59463000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
16688000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
625000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-58464000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5500000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-6251000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8100000
us-gaap Interest Expense
InterestExpense
25011000
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
2471000
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
700000000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
21487000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2369000
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
500000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
470000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-1867000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
27300000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-6047000
us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-293000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4961000
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
429000
us-gaap Cost Of Revenue
CostOfRevenue
5110000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
35417000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
20199000
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
18000
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-14000000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
28000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
11000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-12344000
us-gaap Other Expenses
OtherExpenses
2286000
us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
605000
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1290000
us-gaap Costs And Expenses
CostsAndExpenses
139177000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-3347000
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
112432000
us-gaap Share Based Compensation
ShareBasedCompensation
5483000
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
45561000
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-2000
evtc Payment Processing
PaymentProcessing
48397000
evtc Business Solutions Revenue From Affiliates
BusinessSolutionsRevenueFromAffiliates
69496000
evtc Current Territory Tax Expense Benefit
CurrentTerritoryTaxExpenseBenefit
256000
evtc Rent Expense For Telecommunications And Other Equipment
RentExpenseForTelecommunicationsAndOtherEquipment
3500000
evtc Business Solutions
BusinessSolutions
92493000
evtc Write Off Of Deferred Debt Issuance Cost Premium Discount
WriteOffOfDeferredDebtIssuanceCostPremiumDiscount
16555000
evtc Cost Of Revenues Excluding Depreciation And Amortization
CostOfRevenuesExcludingDepreciationAndAmortization
82273000
evtc Dividend Declared Not Received From Equity Investee
DividendDeclaredNotReceivedFromEquityInvestee
500000
evtc Deferred Territory Income Tax Expense Benefit
DeferredTerritoryIncomeTaxExpenseBenefit
-5956000
evtc Provision For Doubtful Accounts And Sundry Losses
ProvisionForDoubtfulAccountsAndSundryLosses
826000
evtc Initial Public Offering Cost
InitialPublicOfferingCost
12567000
evtc Rent Expense For Office Facilities And Real Estate
RentExpenseForOfficeFacilitiesAndRealEstate
4000000
evtc Amount Paid For Termination Of Consulting Agreements
AmountPaidForTerminationOfConsultingAgreements
16718000
evtc Merchant Acquiring Net
MerchantAcquiringNet
35624000
evtc Payment Processing Revenue From Affiliates
PaymentProcessingRevenueFromAffiliates
14508000
evtc Rent And Other Fees Paid To Related Party
RentAndOtherFeesPaidToRelatedParty
30072000
us-gaap Deferred Revenue Period Increase Decrease
DeferredRevenuePeriodIncreaseDecrease
2903000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.45
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.95
dei Document Type
DocumentType
10-Q
dei Entity Registrant Name
EntityRegistrantName
EVERTEC, Inc.
dei Trading Symbol
TradingSymbol
EVTC
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
811600 shares
us-gaap Fair Value Inputs Discount Rate
FairValueInputsDiscountRate
0.0533 pure
us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2014-09-05
us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2014-08-06
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
67537000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
31164 shares
invest Investment Contract Settlement Date Range End
InvestmentContractSettlementDateRangeEnd
2015-09-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
79204642 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.46
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
100000 shares
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.10
us-gaap Cumulative Translation Adjustment Net Of Tax Period Increase Decrease
CumulativeTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
-6951000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 Segment
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
406999 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
1.30
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
24.01
dei Entity Central Index Key
EntityCentralIndexKey
0001559865
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
us-gaap Business Acquisition Effective Date Of Acquisition1
BusinessAcquisitionEffectiveDateOfAcquisition1
2010-09-30
us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2014-08-18
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
78393042 shares
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
1200000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-13256000
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-238000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
9500000
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
82000
us-gaap Payments Of Dividends
PaymentsOfDividends
15680000
us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
154000
us-gaap Interest Income Related Party
InterestIncomeRelatedParty
102000
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-1811000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4267000
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
2045000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
40102000
us-gaap Operating Income Loss
OperatingIncomeLoss
50318000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-64000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
29028000
us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
1400000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-10216000
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
-173000
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
5841000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2376000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-6951000
us-gaap Revenues
Revenues
178331000
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
82008000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3895000
us-gaap Net Income Loss
NetIncomeLoss
35979000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
665000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
770000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
664000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
700000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-430000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7700000
us-gaap Interest Expense
InterestExpense
13410000
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
0
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
18525000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1538000
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
326000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
1482000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
1542000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
25300000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
5346000
us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-1259000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4123000
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
415000
us-gaap Cost Of Revenue
CostOfRevenue
619000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
33004000
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
15681000
us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
-3916000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-52696000
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
54000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
54000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
3000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-9495000
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-27000000
us-gaap Other Expenses
OtherExpenses
-2376000
us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
2778000
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
4553000
us-gaap Costs And Expenses
CostsAndExpenses
128013000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-4120000
us-gaap Share Based Compensation
ShareBasedCompensation
665000
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
31558000
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-3000
evtc Payment Processing
PaymentProcessing
51408000
evtc Business Solutions Revenue From Affiliates
BusinessSolutionsRevenueFromAffiliates
67601000
evtc Current Territory Tax Expense Benefit
CurrentTerritoryTaxExpenseBenefit
1360000
evtc Rent Expense For Telecommunications And Other Equipment
RentExpenseForTelecommunicationsAndOtherEquipment
3000000
evtc Business Solutions
BusinessSolutions
87805000
evtc Projected Cash Flows
ProjectedCashFlows
2300000
evtc Cost Of Revenues Excluding Depreciation And Amortization
CostOfRevenuesExcludingDepreciationAndAmortization
76484000
evtc Dividend Declared Not Received From Equity Investee
DividendDeclaredNotReceivedFromEquityInvestee
325000
evtc Deferred Territory Income Tax Expense Benefit
DeferredTerritoryIncomeTaxExpenseBenefit
832000
evtc Provision For Doubtful Accounts And Sundry Losses
ProvisionForDoubtfulAccountsAndSundryLosses
1058000
evtc Dividends Common Stock Shares
DividendsCommonStockShares
shares
evtc Rent Expense For Office Facilities And Real Estate
RentExpenseForOfficeFacilitiesAndRealEstate
4100000
evtc Merchant Acquiring Net
MerchantAcquiringNet
39118000
evtc Payment Processing Revenue From Affiliates
PaymentProcessingRevenueFromAffiliates
14407000
evtc Windfall Tax Benefits
WindfallTaxBenefits
1482000
evtc Stock Issued During Period Stock Options Exercised Net Of Cashless Exercises
StockIssuedDuringPeriodStockOptionsExercisedNetOfCashlessExercises
-716000
evtc Rent And Other Fees Paid To Related Party
RentAndOtherFeesPaidToRelatedParty
4001000
evtc Dividends Forfeited
DividendsForfeited
-21000
CY2014Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
CY2014Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.82
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
78928780 shares
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.82
CY2013Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3818727 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
78928780 shares
CY2013Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-9698000
CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-69947000
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
16938000
CY2013Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-65329000
CY2013Q2 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
49000
CY2013Q2 us-gaap Interest Income Related Party
InterestIncomeRelatedParty
23000
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
19735000
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
25429000
CY2013Q2 us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
800000
CY2013Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-86885000
CY2013Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
3000
CY2013Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-77535000
CY2013Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-394000
CY2013Q2 us-gaap Revenues
Revenues
89175000
CY2013Q2 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
42349000
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
-64935000
CY2013Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
348000
CY2013Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-58464000
CY2013Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5200000
CY2013Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-6017000
CY2013Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4100000
CY2013Q2 us-gaap Interest Expense
InterestExpense
9747000
CY2013Q2 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
577000
CY2013Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
12624000
CY2013Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
13700000
CY2013Q2 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-137000
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-5012000
CY2013Q2 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
210000
CY2013Q2 us-gaap Cost Of Revenue
CostOfRevenue
2506000
CY2013Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
17842000
CY2013Q2 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
18000
CY2013Q2 us-gaap Other Expenses
OtherExpenses
2353000
CY2013Q2 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
917000
CY2013Q2 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1005000
CY2013Q2 us-gaap Costs And Expenses
CostsAndExpenses
72237000
CY2013Q2 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
CY2013Q2 evtc Payment Processing
PaymentProcessing
24285000
CY2013Q2 evtc Business Solutions Revenue From Affiliates
BusinessSolutionsRevenueFromAffiliates
35051000
CY2013Q2 evtc Current Territory Tax Expense Benefit
CurrentTerritoryTaxExpenseBenefit
-122000
CY2013Q2 evtc Rent Expense For Telecommunications And Other Equipment
RentExpenseForTelecommunicationsAndOtherEquipment
1800000
CY2013Q2 evtc Business Solutions
BusinessSolutions
46725000
CY2013Q2 evtc Cost Of Revenues Excluding Depreciation And Amortization
CostOfRevenuesExcludingDepreciationAndAmortization
41771000
CY2013Q2 evtc Deferred Territory Income Tax Expense Benefit
DeferredTerritoryIncomeTaxExpenseBenefit
-5880000
CY2013Q2 evtc Rent Expense For Office Facilities And Real Estate
RentExpenseForOfficeFacilitiesAndRealEstate
2000000
CY2013Q2 evtc Amount Paid For Termination Of Consulting Agreements
AmountPaidForTerminationOfConsultingAgreements
16718000
CY2013Q2 evtc Merchant Acquiring Net
MerchantAcquiringNet
18165000
CY2013Q2 evtc Payment Processing Revenue From Affiliates
PaymentProcessingRevenueFromAffiliates
7298000
CY2013Q2 evtc Rent And Other Fees Paid To Related Party
RentAndOtherFeesPaidToRelatedParty
27212000
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
CY2014Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
789410 shares
CY2014Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y3M18D
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
79199964 shares
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
78410554 shares
CY2014Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-6422000
CY2014Q2 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
79000
CY2014Q2 us-gaap Interest Income Related Party
InterestIncomeRelatedParty
50000
CY2014Q2 us-gaap Other Expenses
OtherExpenses
-385000
CY2014Q2 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
324000
CY2014Q2 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-2000
CY2014Q2 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
964000
CY2014Q2 us-gaap Costs And Expenses
CostsAndExpenses
65692000
CY2014Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
18567000
CY2014Q2 us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
700000
CY2014Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-5694000
CY2014Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
6000
CY2014Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
385000
CY2014Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
794000
CY2014Q2 us-gaap Revenues
Revenues
91121000
CY2014Q2 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
41546000
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
17773000
CY2014Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
343000
CY2014Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
300000
CY2014Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
998000
CY2014Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3800000
CY2014Q2 us-gaap Interest Expense
InterestExpense
6501000
CY2014Q2 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
0
CY2014Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
10463000
CY2014Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
12600000
CY2014Q2 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
195000
CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1962000
CY2014Q2 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
217000
CY2014Q2 us-gaap Cost Of Revenue
CostOfRevenue
528000
CY2014Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
16390000
CY2014Q2 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
48000
CY2014Q2 evtc Payment Processing
PaymentProcessing
26406000
CY2014Q2 evtc Business Solutions Revenue From Affiliates
BusinessSolutionsRevenueFromAffiliates
34243000
CY2014Q2 evtc Current Territory Tax Expense Benefit
CurrentTerritoryTaxExpenseBenefit
423000
CY2014Q2 evtc Rent Expense For Telecommunications And Other Equipment
RentExpenseForTelecommunicationsAndOtherEquipment
1600000
CY2014Q2 evtc Business Solutions
BusinessSolutions
44888000
CY2014Q2 evtc Cost Of Revenues Excluding Depreciation And Amortization
CostOfRevenuesExcludingDepreciationAndAmortization
38839000
CY2014Q2 evtc Deferred Territory Income Tax Expense Benefit
DeferredTerritoryIncomeTaxExpenseBenefit
805000
CY2014Q2 evtc Rent Expense For Office Facilities And Real Estate
RentExpenseForOfficeFacilitiesAndRealEstate
2100000
CY2014Q2 evtc Merchant Acquiring Net
MerchantAcquiringNet
19827000
CY2014Q2 evtc Payment Processing Revenue From Affiliates
PaymentProcessingRevenueFromAffiliates
7303000
CY2014Q2 evtc Rent And Other Fees Paid To Related Party
RentAndOtherFeesPaidToRelatedParty
2084000
CY2013Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0

Files In Submission

Name View Source Status
0001193125-14-298575-index-headers.html Edgar Link pending
0001193125-14-298575-index.html Edgar Link pending
0001193125-14-298575.txt Edgar Link pending
0001193125-14-298575-xbrl.zip Edgar Link pending
d737486d10q.htm Edgar Link pending
d737486dex1061.htm Edgar Link pending
d737486dex1062.htm Edgar Link pending
d737486dex1063.htm Edgar Link pending
d737486dex1064.htm Edgar Link pending
d737486dex1065.htm Edgar Link pending
d737486dex1066.htm Edgar Link pending
d737486dex311.htm Edgar Link pending
d737486dex312.htm Edgar Link pending
d737486dex321.htm Edgar Link pending
d737486dex322.htm Edgar Link pending
evtc-20140630.xml Edgar Link completed
evtc-20140630.xsd Edgar Link pending
evtc-20140630_cal.xml Edgar Link unprocessable
evtc-20140630_def.xml Edgar Link unprocessable
evtc-20140630_lab.xml Edgar Link unprocessable
evtc-20140630_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending