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Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss        
Revenue $ 138,663 $ 135,041 $ 403,260 $ 363,456
Operating expenses:        
Cost of services and products 21,831 19,121 66,278 54,276
Selling, general, and administrative 81,453 71,982 224,668 198,050
Depreciation and amortization 21,136 21,941 60,453 63,562
Total operating expenses 124,420 113,044 351,399 315,888
Other operating income 6,939   6,939  
Income from operations 21,182 21,997 58,800 47,568
Other income (expense):        
Interest income 769 454 2,229 1,024
Interest expense (4,260) (6,123) (12,634) (18,282)
Gain (loss) on investment in equity securities 4,425 (1,298) 2,122 968
Other income (expense), net 228 379 (658) (340)
Total other income (expense) 1,162 (6,588) (8,941) (16,630)
Income before income taxes 22,344 15,409 49,859 30,938
Income tax expense (18,513) (8,284) (29,614) (19,859)
Net income 3,831 7,125 20,245 11,079
Less: Net income attributable to non-controlling interests in consolidated entities 3,845 3,259 9,545 6,484
Less: Net (loss) income attributable to non-controlling interests of EVO Investco, LLC (220) 1,396 3,558 (196)
Net income attributable to EVO Payments, Inc. 206 2,470 7,142 4,791
Less: Accrual of redeemable preferred stock paid-in-kind dividends 2,672 2,511 7,809 7,338
Net loss attributable to Class A common stock $ (2,466) $ (41) $ (667) $ (2,547)
Earnings per share        
Basic $ (0.05) $ 0.00 $ (0.01) $ (0.05)
Diluted $ (0.05) $ 0.00 $ (0.01) $ (0.05)
Weighted-average Class A common stock outstanding        
Basic 48,151,438 47,380,034 47,853,503 46,979,057
Diluted 48,151,438 47,380,034 47,853,503 46,979,057
Comprehensive loss:        
Net income $ 3,831 $ 7,125 $ 20,245 $ 11,079
Change in fair value of interest rate swap, net of tax (1,667) (49) 2,589 262
Change in fair value of cross currency swap, net of tax (151)   417  
Unrealized loss on foreign currency translation adjustment, net of tax (22,762) (13,337) (44,599) (21,386)
Other comprehensive loss (24,580) (13,386) (41,593) (21,124)
Comprehensive loss (20,749) (6,261) (21,348) (10,045)
Less: Comprehensive (loss) income attributable to non-controlling interests in consolidated entities (904) 394 (884) 1,781
Less: Comprehensive loss attributable to non-controlling interests of EVO Investco, LLC (10,602) (6,136) (14,564) (9,835)
Comprehensive loss attributable to EVO Payments, Inc. $ (9,243) $ (519) $ (5,900) $ (1,991)