XML 14 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss        
Revenue $ 94,283 $ 122,517 $ 205,452 $ 234,035
Operating expenses:        
Cost of services and products 19,212 24,752 42,341 48,835
Selling, general, and administrative 54,608 66,306 126,911 132,728
Depreciation and amortization 20,525 22,863 41,949 45,608
Impairment of intangible assets 782   782 6,632
Total operating expenses 95,127 113,921 211,983 233,803
(Loss) income from operations (844) 8,596 (6,531) 232
Other (expense) income:        
Interest income 218 735 631 1,410
Interest expense (7,332) (11,269) (17,199) (22,921)
Income from investment in unconsolidated investees 175 53 215 269
Other (expense) income, net (1,756) 516 (1,805) 1,610
Total other expense (8,695) (9,965) (18,158) (19,632)
Loss before income taxes (9,539) (1,369) (24,689) (19,400)
Income tax benefit 496 5,196 2,076 4,208
Net (loss) income (9,043) 3,827 (22,613) (15,192)
Less: Net income attributable to non-controlling interests in consolidated entities 1,049 1,996 2,088 2,578
Less: Net (loss) income attributable to non-controlling interests of EVO Investco, LLC (6,321) 1,368 (16,122) (12,943)
Net (loss) income attributable to EVO Payments, Inc. (3,771) $ 463 (8,579) $ (4,827)
Less: Accrual of redeemable preferred stock paid-in-kind dividends 1,771   1,771  
Net loss attributable to Class A common stock $ (5,542)   $ (10,350)  
Earnings per share        
Basic (in dollars per share) $ (0.13) $ 0.01 $ (0.25) $ (0.17)
Diluted (in dollars per share) $ (0.13) $ 0.01 $ (0.25) $ (0.17)
Weighted-average Class A common stock outstanding        
Basic (in shares) 41,398,838 31,898,531 41,329,118 29,147,326
Diluted (in shares) 41,398,838 31,898,531 41,329,118 29,147,326
Comprehensive (loss) income:        
Net (loss) income $ (9,043) $ 3,827 $ (22,613) $ (15,192)
Change in fair value of interest rate swap, net of tax (764) (764)
Unrealized gain (loss) on foreign currency translation adjustment, net of tax (2) 13,116 5,889 (34,593) 3,413
Other comprehensive income (loss) 12,352 5,889 (35,357) 3,413
Comprehensive income (loss) 3,309 9,716 (57,970) (11,779)
Less: Comprehensive income (loss) attributable to non-controlling interests in consolidated entities 3,263 3,277 (486) 2,704
Less: Comprehensive (loss) income attributable to non-controlling interests of EVO Investco, LLC (594) 4,256 (34,760) (11,076)
Comprehensive income (loss) attributable to EVO Payments, Inc. $ 640 $ 2,183 $ (22,724) $ (3,407)