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WEX INC   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2020201920182017201620152014201320122011
Period End Date12/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/2011
Revenues--------------717.46----
Payment processing revenue698.89825.59723.99569.17520.62495.87519.99------
Transaction processing revenue--------------------
Account servicing revenue449.46413.55308.10276.57211.01156.69115.51------
Finance fees198.52247.32208.63188.79132.9788.9980.88------
Hardware and equipment sales--------------------
Revenues : Fleet payment solutions----------------470.59436.70
Revenues : Other payment solutions----------------152.56116.37
Other revenue213.00237.23251.93214.05147.89113.08101.27------
Total Revenues1,559.871,723.691,492.641,248.581,012.49854.64817.65717.46623.15553.08
Service fees47.2957.0353.6672.9679.37138.84119.88103.43103.1970.20
Provision for credit losses78.4465.6666.4864.2233.4622.8332.1420.2022.5427.53
Technology leasing and support----------41.3230.5824.2218.5415.42
Occupancy and equipment----------20.6218.2815.9712.3611.80
Operating interest23.8141.9238.4124.9912.39----------
Cost of hardware and equipment sold----------3.24--------
Processing costs419.04400.44309.45278.06270.72----------
Depreciation and amortization - Cost104.5994.7379.9474.0662.88----------
Depreciation and amortization157.33142.40119.87129.6678.7783.0870.3858.2175.2645.37
Operating interest expense----------5.636.44--4.995.45
Salary and other personnel expenses----------234.56200.81164.52123.38104.61
Sales and marketing266.68259.87229.23163.65130.83--3.933.683.683.24
General and Administrative292.11275.81209.32184.34185.56----------
Communications------------9.217.075.375.12
Postage and shipping------------5.375.144.354.33
Advertising------------11.8111.1810.169.71
Restructuring----------9.01--------
Other expenses----------(67.94)(30.06)(22.83)17.72(16.97)
Impairment charge(53.38)0.00(5.65)(44.17)--0.00--------
Operating interest income--------------(4.29)----
Legal settlement(162.50)------------------
Gain on divestiture------20.96--1.22--------
Gain on Sale of Subsidiary(46.36)0.000.00------27.49------
Total Operating Expenses673.18659.77547.93----625.84511.41440.72401.53319.75
Operating Income (Loss)(91.67)385.84380.64233.42158.53228.79306.24276.74221.62233.32
Financing interest expense157.08134.68105.02107.07113.4246.1936.0429.4210.4311.68
Net realized and unrealized losses on derivative instruments--------0.715.8546.21(9.85)(12.37)(11.87)
Gain on settlement of portion of amounts due under tax receivable agreement----------2.15(1.33)------
Decrease in amount due to Avis under tax receivable agreement0.490.93(0.78)15.26(0.56)----(0.03)(2.09)(0.72)
Income (Loss) on extinguishment of debt--------------------
Gain (loss) on foreign currency transactions(25.78)(0.93)(38.80)31.49(9.23)(5.69)(13.44)0.96(0.30)(0.46)
Decrease in tax refund due to former shareholders of RD Card Holdings Australia----------------9.75--
Net unrealized gains on interest rate swap agreements(27.04)(34.65)2.581.3112.910.00--------
Income before income taxes(301.08)216.52238.62174.4248.93184.91301.64238.40206.18208.61
Current- Foreign13.7816.3217.9213.747.299.178.015.2618.681.05
Current: Federal(7.55)20.7516.032.25(1.23)22.5743.5752.1248.6343.89
Provision for income taxes(20.60)61.2268.8415.4528.5975.30101.6290.10109.4774.98
Deferred: Federal(22.57)19.9529.52(11.75)21.5737.5551.5831.0222.5625.88
Deferred: Foreign(1.83)(4.11)(6.20)(3.33)3.04(3.92)(8.84)(5.03)17.44(2.82)
Current: State and local--------------5.183.466.70
Deferred: State and Local--------------1.56(1.30)0.30
Net income before noncontrolling interest(280.48)155.29169.78158.9720.34109.61200.02148.3096.71133.62
Accretion of non-controlling interest(40.31)57.32--0.00--9.410.00------
Less: Net earnings from noncontrolling interest3.47(1.03)1.48(1.10)(3.16)(1.71)(2.19)(0.91)(0.21)--
Convertible, redeemable preferred stock--------------------
Net Income (loss) Available to Common Shareholders(243.64)99.01168.30160.0623.50101.90202.21149.2196.92133.62
Net Earnings Per Share (Basic)(5.56)2.293.903.720.582.635.203.832.503.45
Net Earnings Per Share (Diluted)(5.56)2.263.863.710.572.625.183.822.483.43
Weighted Average Shares Outstanding (Basic)43.8443.3243.1642.9840.8138.7738.8938.9538.8438.69
Weighted Average Shares Outstanding (Diluted)43.8443.7743.5743.1140.9138.8439.0039.1039.0939.00