Revenue (Tables)

6 Months Ended

Jun. 30, 2018

Schedule of disaggregation of revenue

The following table summarizes volume-based and non-volume related revenue from contracts with external customers for the three and six months ended June 30, 2018:

	Three months ended June 30, 2018
(in thousands)	Issuer Solutions		Merchant Solutions		Consumer Solutions		Total
Volume-based revenues	$	223,677		329,295		199,490	$	752,462
Non-volume related revenues		234,924		19,419		775		255,118
Total revenues	$	458,601		348,714		200,265	$	1,007,580

	Six months ended June 30, 2018
(in thousands)	Issuer Solutions		Merchant Solutions		Consumer Solutions		Total
Volume-based revenues	$	442,949		628,242		409,211	$	1,480,402
Non-volume related revenues		473,011		39,895		1,442		514,348
Total revenues	$	915,960		668,137		410,653	$	1,994,750

Schedule of disaggregation of revenue by currency

The following table summarizes revenue from contracts with customers, by currency, for the three and six months ended June 30, 2018:

	Three months ended June 30, 2018
(in thousands)	Issuer Solutions		Merchant Solutions		Consumer Solutions		Total
U.S. Dollar	$	367,489		348,524		200,265	$	916,278
British Pound Sterling		59,098		-		-		59,098
Euro		25,419		-		-		25,419
Other		6,595		190		-		6,785
Total revenues	$	458,601		348,714		200,265	$	1,007,580

	Six months ended June 30, 2018
(in thousands)	Issuer Solutions		Merchant Solutions		Consumer Solutions		Total
U.S. Dollar	$	727,359		667,743		410,653	$	1,805,755
British Pound Sterling		122,219		-		-		122,219
Euro		52,016		-		-		52,016
Other		14,366		394		-		14,760
Total revenues	$	915,960		668,137		410,653	$	1,994,750

Schedule of performance obligations

(in thousands)	Remainder of 2018		2019	2020	2021	2022 - 2029		Total
Unsatisfied or partially unsatisfied performance obligations	$	403,691	643,413	564,662	472,777	648,137	$	2,732,680

Schedule of contract balances

	As of
(in thousands)	June 30, 2018		January 1, 2018
Accounts receivable	$	440,875	$	412,322
Contract assets		88,101		87,812
Contract liabilities		73,812		76,541

Schedule of changes in Contract balances

	Six months ended June 30, 2018
(in thousands)	Contract Assets Increase/(Decrease)		Contract Liabilities (Increase)/Decrease
Increase in net contract assets related to signing incentives	$	13,960	$	-
Decrease in net contract assets and increase in net contract liabilities related to signing incentive amortization		(13,713)		(4,797)
Increase in net contract assets related to revenue recognized in advance of billings		3,481		-
Change in net contract assets due to billed amounts transferred to receivables		(2,287)		-
Increase in net contract liabilities primarily relating to cash received from customers		-		(72,625)
Decrease in net contract assets primarily relating to cash received from customers		(538)		-
Deferred revenue that was released from net contract liabilities		-		71,789
Deferred revenue that was released from net contract assets		4,380		-

Schedule of significant changes in the contract assets and liabilities

	As of
(in thousands)	June 30, 2018		January 1, 2018
Accounts receivable	$	440,875	$	412,322
Contract assets		88,101		87,812
Contract liabilities		73,812		76,541

ASU 2014-09

Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]

	June 30, 2018
(in thousands)	As Reported		Balances without adoption of ASC 606		Effect of Change Higher/(Lower)
Assets:
Prepaid expenses and other current assets	$	202,045	$	204,105	$	(2,060)
Contract assets (short-term and long-term)		88,101		-		88,101
Contract cost assets (short-term and long-term)		147,512		253,992		(106,480)
Deferred income tax assets		7,177		6,300		877
Other assets		123,929		129,347		(5,418)
Liabilities:
Contract liabilities		73,812		90,059		(16,247)
Other liabilities (short-term and long-term)		334,417		335,295		(878)
Shareholders’ equity:
Accumulated other comprehensive loss, net		(45,022)		(44,640)		(382)
Retained earnings		3,236,046		3,243,519		(7,473)

	Three months ended June 30, 2018						Six months ended June 30, 2018
(in thousands, except per share data)	As Reported		Balances without adoption of ASC 606		Effect of Change Higher/(Lower)		As Reported		Balances without adoption of ASC 606		Effect of Change Higher/(Lower)
Total revenues	$	1,007,580		1,430,885		(423,305)		1,994,750		2,793,387		(798,637)
Total operating expenses		798,882		1,218,770		(419,888)		1,597,781		2,392,511		(794,730)
Operating income	$	208,698		212,115		(3,417)		396,969		400,876		(3,907)
Income taxes	$	37,415		38,182		(767)		55,549		56,428		(879)
Net income	$	142,435		145,085		(2,650)		285,537		288,564		(3,027)
Net income attributable to TSYS common shareholders	$	142,435		145,085		(2,650)		284,276		287,303		(3,027)
Basic earnings per share (EPS) attributable to TSYS common shareholders1	$	0.78		0.80		(0.01)		1.56		1.58		(0.02)
Diluted EPS attributable to TSYS common shareholders1	$	0.78		0.79		(0.01)		1.55		1.57		(0.02)

¹ EPS Amounts may not total due to rounding.

	Six months ended June 30, 2018
(in thousands)	As Reported		Balances without adoption of ASC 606		Effect of Change Higher/(Lower)
Cash flows from operating activities:
Net income	$	285,537	$	288,564	$	(3,027)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		208,679		240,377		(31,698)
Changes in contract assets and contract liabilities		(8,797)		(35,843)		27,046
Changes in contract cost assets		2,989		-		2,989
Changes in other current and other long-term liabilities		(25,978)		(14,419)		(11,559)
Cash flows from investing activities:
Additions to contract cost assets		-		(16,249)		16,249