NetSpend 2013 Annual Report Download - page 70
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Years Ended December 31,
(in thousands)
Operating Segments 2013 2012 2011
Revenues before reimbursable items
North America Services ........................................ $ 860,645 826,750 809,069
International Services .......................................... 389,532 396,149 380,129
Merchant Services ............................................ 446,277 409,698 373,159
NetSpend ................................................... 207,851 ——
Intersegment revenues ........................................ (12,550) (14,106) (21,659)
Revenues before reimbursable items from external customers ...... $ 1,891,755 1,618,491 1,540,698
Total revenues
North America Services ........................................ $ 1,000,072 965,393 954,550
International Services .......................................... 409,597 413,467 394,831
Merchant Services ............................................ 533,049 512,580 487,997
NetSpend ................................................... 207,851 ——
Intersegment revenues ........................................ (18,216) (20,468) (28,412)
Revenues from external customers ............................. $ 2,132,353 1,870,972 1,808,966
Depreciation and amortization
North America Services ........................................ $ 74,479 74,673 77,446
International Services .......................................... 47,978 55,033 49,722
Merchant Services ............................................ 12,034 12,083 15,416
NetSpend ................................................... 3,121 ——
Segment depreciation and amortization .......................... 137,612 141,789 142,584
Acquisition intangible amortization .............................. 65,893 26,264 23,583
Corporate Administration and Other ............................. 1,846 2,557 2,998
Total depreciation and amortization ............................ $ 205,351 170,610 169,165
Adjusted segment operating income
North America Services ........................................ $ 314,577 289,493 254,552
International Services .......................................... 45,911 29,427 43,574
Merchant Services ............................................ 154,047 156,283 133,695
NetSpend ................................................... 59,717 ——
Total adjusted segment operating income ........................ 574,252 475,203 431,821
Acquisition intangible amortization .............................. (65,893) (26,264) (23,583)
NetSpend merger and acquisition operating expenses
(non-recurring) ............................................. (14,220) ——
Corporate Administration and Other ............................. (107,892) (91,287) (85,782)
Operating income .......................................... $ 386,247 357,652 322,456
As of December 31, 2013 2012
Total assets
North America Services ........................................ $ 3,240,298 1,744,877
International Services .......................................... 417,379 445,642
Merchant Services ............................................ 676,592 703,725
NetSpend ................................................... 1,596,150 —
Intersegment assets ........................................... (2,243,851) (870,406)
Total assets ................................................ $ 3,686,568 2,023,838
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