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WEX INC   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2018201720162015201420132012201120102009
Period End Date12/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/201112/31/201012/31/2009
Revenues----------717.46--------
Payment processing revenue723.99569.17520.62495.87519.99----------
Transaction processing revenue--------------------
Account servicing revenue308.10276.57211.01156.69115.51----------
Finance fees208.63188.79132.9788.9980.88----------
Hardware and equipment sales--------------------
Revenues : Fleet payment solutions------------470.59436.70329.24278.00
Revenues : Other payment solutions------------152.56116.3761.1737.21
Other revenue251.93214.05147.89113.08101.27----------
Total Revenues1,492.641,248.581,012.49854.64817.65717.46623.15553.08390.41315.20
Service fees53.6672.9679.37138.84119.88103.43103.1970.2046.3727.67
Provision for credit losses66.4864.2233.4622.8332.1420.2022.5427.5319.8417.72
Technology leasing and support------41.3230.5824.2218.5415.4212.889.33
Occupancy and equipment------20.6218.2815.9712.3611.808.658.72
Operating interest38.4124.9912.39--------------
Cost of hardware and equipment sold------3.24------------
Processing costs309.45278.06270.72--------------
Depreciation and amortization - Cost79.9474.0662.88--------------
Depreciation and amortization119.87129.6678.7783.0870.3858.2175.2645.3729.8921.93
Operating interest expense------5.636.44--4.995.455.3710.25
Salary and other personnel expenses------234.56200.81164.52123.38104.6187.3675.12
Sales and marketing229.23163.65130.83--3.933.683.683.242.202.74
General and Administrative209.32184.34185.56--------------
Communications--------9.217.075.375.123.632.70
Postage and shipping--------5.375.144.354.333.413.11
Advertising--------11.8111.1810.169.718.124.97
Restructuring------9.01------------
Other expenses------(67.94)(30.06)(22.83)17.72(16.97)(11.97)(12.80)
Impairment charge(5.65)(44.17)--0.00------------
Operating interest income----------(4.29)--------
Gain on divestiture--20.96--1.22------------
Gain on Sale of Subsidiary--------27.49----------
Total Operating Expenses------625.84511.41440.72401.53319.75239.70197.05
Operating Income (Loss)380.64233.42158.53228.79306.24276.74221.62233.32150.71118.15
Financing interest expense105.02107.07113.4246.1936.0429.4210.4311.685.316.21
Net realized and unrealized losses on derivative instruments----0.715.8546.21(9.85)(12.37)(11.87)(7.24)(22.54)
Gain on settlement of portion of amounts due under tax receivable agreement------2.15(1.33)--------136.49
Decrease in amount due to Avis under tax receivable agreement(0.78)15.26(0.56)----(0.03)(2.09)(0.72)(0.21)(0.60)
Income (Loss) on extinguishment of debt--------------------
Gain (loss) on foreign currency transactions(38.80)31.49(9.23)(5.69)(13.44)0.96(0.30)(0.46)7.15(0.04)
Decrease in tax refund due to former shareholders of RD Card Holdings Australia------------9.75------
Net unrealized gains on interest rate swap agreements2.581.3112.910.00------------
Income before income taxes238.62174.4248.93184.91301.64238.40206.18208.61145.08225.24
Current- Foreign17.9213.747.299.178.015.2618.681.05(0.89)0.17
Current: Federal16.032.25(1.23)22.5743.5752.1248.6343.8931.8122.95
Provision for income taxes68.8415.4528.5975.30101.6290.10109.4774.9857.4585.59
Deferred: Federal29.52(11.75)21.5737.5551.5831.0222.5625.8819.7255.65
Deferred: Foreign(6.20)(3.33)3.04(3.92)(8.84)(5.03)17.44(2.82)0.93(0.06)
Current: State and local----------5.183.466.704.922.91
Deferred: State and Local----------1.56(1.30)0.300.963.97
Net income before noncontrolling interest169.78158.9720.34109.61200.02148.3096.71133.6287.63--
Accretion of non-controlling interest------9.410.00----------
Less: Net earnings from noncontrolling interest1.48(1.10)(3.16)(1.71)(2.19)(0.91)(0.21)------
Convertible, redeemable preferred stock----------------(0.04)--
Net Income (loss) Available to Common Shareholders168.30160.0623.50101.90202.21149.2196.92133.6287.67139.66
Net Earnings Per Share (Basic)3.903.720.582.635.203.832.503.452.283.65
Net Earnings Per Share (Diluted)3.863.710.572.625.183.822.483.432.253.55
Weighted Average Shares Outstanding (Basic)43.1642.9840.8138.7738.8938.9538.8438.6938.4938.30
Weighted Average Shares Outstanding (Diluted)43.5743.1140.9138.8439.0039.1039.0939.0039.0539.36