Segment Information

6 Months Ended

Jun. 30, 2022

Segment Information

Segment Information

(20)Segment Information

Information on segments and reconciliations to revenue and net income attributable to the shareholders of EVO, Inc. and members of EVO, LLC are set forth below. Segment profit, which is the measure used by our chief operating decision maker to evaluate the performance of and allocate resources to our segments, is calculated as

segment revenue less (1) segment expenses, plus (2) segment income from unconsolidated investees, plus (3) segment other income, net, less (4) segment non-controlling interests.

Certain corporate-wide governance functions, as well as depreciation and amortization, are not allocated to our segments. The Company does not evaluate performance or allocate resources based on segment assets, and therefore, such information is not presented.

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
	(In thousands)					(In thousands)
Segment revenue:
Americas	$	81,692	$	76,979	$	158,552	$	147,406
Europe		55,979		45,256		106,045		81,009
Revenue	$	137,671	$	122,235	$	264,597	$	228,415
Segment profit:
Americas	$	36,285	$	37,781	$	68,609	$	67,757
Europe		16,290		17,055		32,120		26,181
Total segment profit		52,575		54,836		100,729		93,938
Corporate		(7,424)		(10,255)		(17,973)		(16,137)
Depreciation and amortization		(18,806)		(20,695)		(39,317)		(41,621)
Net interest expense		(3,482)		(5,732)		(6,914)		(11,589)
Provision for income tax expense		(7,742)		(7,045)		(11,101)		(11,575)
Share-based compensation expense		(7,707)		(6,489)		(14,710)		(12,287)
Less: Net income (loss) attributable to non-controlling interests of EVO Investco, LLC		3,061		1,457		3,778		(1,592)
Net income attributable to EVO Payments, Inc.	$	4,353	$	3,163	$	6,936	$	2,321
Capital expenditures:
Americas	$	4,257	$	4,025	$	8,303	$	6,688
Europe		5,663		5,073		9,774		13,271
Consolidated total capital expenditures	$	9,920	$	9,098	$	18,077	$	19,959

The Company’s long-lived assets, which consist of equipment and improvements, net, and operating lease right-of-use assets, by geographic location are as follows:

	June 30,		December 31,
	2022		2021
	(In thousands)
Long-lived assets:
Poland	$	31,564	$	31,534
United States		30,540		30,228
Mexico		18,424		18,554
Other		25,214		22,894
Totals	$	105,742	$	103,210

Revenue is attributed to individual countries based on the location where the relationship is managed. For the three months ended June 30, 2022, revenue in the United States, Mexico, and Poland, as a percentage of total consolidated revenue, was 34.9%, 21.0%, and 18.0%, respectively. For the three months ended June 30, 2021, revenue in the United States, Mexico, and Poland, as a percentage of total consolidated revenue, was 39.5%, 20.3%, and 17.2%, respectively. For the six months ended June 30, 2022, revenue in the United States, Mexico, and Poland, as a percentage of total consolidated revenue, was 36.1%, 20.4%, and 18.0%, respectively. For the six months ended June 30, 2021, revenue in the United States, Mexico, and Poland, as a percentage of total consolidated revenue, was 40.6%, 20.8%, and 16.6%, respectively. For the three and six months ended June 30, 2022 and 2021, no individual customer represented more than 10% of total revenue.