NetSpend 2014 Annual Report Download - page 81

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Years Ended December 31,
(in thousands)
Operating Segments 2014 2013 2012
Revenues before reimbursable items
North America Services ....................................... $ 954,082 860,645 826,750
International Services ......................................... 341,785 321,484 318,730
Merchant Services ............................................ 435,649 446,277 409,698
NetSpend ................................................... 482,686 207,851 —
Intersegment revenues ........................................ (21,224) (12,549) (14,102)
Revenues before reimbursable items from external customers ...... $ 2,192,978 1,823,708 1,541,076
Total revenues
North America Services ....................................... $ 1,117,764 1,000,073 965,393
International Services ......................................... 363,359 341,549 336,047
Merchant Services ............................................ 510,120 533,050 512,580
NetSpend ................................................... 482,686 207,851 —
Intersegment revenues ........................................ (27,052) (18,218) (20,463)
Revenues from external customers ............................ $ 2,446,877 2,064,305 1,793,557
Depreciation and amortization
North America Services ....................................... $ 86,513 74,480 74,673
International Services ......................................... 38,909 41,708 47,889
Merchant Services ............................................ 14,571 12,034 12,083
NetSpend ................................................... 7,509 3,121 —
Segment depreciation and amortization .......................... 147,502 131,343 134,645
Acquisition intangible amortization .............................. 96,971 65,893 26,264
Corporate Administration and Other ............................. 2,147 1,790 2,491
Total depreciation and amortization ........................... $ 246,620 199,026 163,400
Adjusted segment operating income
North America Services ....................................... $ 351,512 321,619 295,171
International Services ......................................... 55,123 42,068 27,211
Merchant Services ............................................ 134,872 155,643 157,409
NetSpend ................................................... 128,285 66,353 —
Total adjusted segment operating income ........................ 669,792 585,683 479,791
Acquisition intangible amortization .............................. (96,971) (65,893) (26,264)
NetSpend merger and acquisition operating expenses ............. (3,217) (14,220) —
Corporate Administration and Other ............................. (137,964) (123,070) (98,558)
Operating income .......................................... $ 431,640 382,500 354,969
As of December 31, 2014 2013
Total assets
North America Services ....................................... $ 3,327,160 3,215,333
International Services ......................................... 356,590 417,379
Merchant Services ............................................ 695,744 676,592
NetSpend ................................................... 1,556,369 1,596,150
Intersegment assets .......................................... (2,202,282) (2,218,886)
Total assets ............................................... $ 3,733,581 3,686,568
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