NetSpend 2015 Annual Report Download - page 49

Download and view the complete annual report

Please find page 49 of the 2015 NetSpend annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 100

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100

Consolidated Statements of Changes in Equity
TSYS Shareholders
Redeemable
Noncontrolling
Interests
Common Stock Additional
Paid-In
Capital
Accumulated
Other
Comprehensive
Income (Loss) Treasury
Stock Retained
Earnings Noncontrolling
Interests Total
Equity(in thousands, except per share data) Shares Dollars
Balance as of December 31, 2012 ......... $39,505 202,471 $ 20,247 141,793 1,408 (287,301) 1,549,063 19,725 $ 1,444,935
Net income ........................... 6,515 — — — — — 244,750 5,331 250,081
Other comprehensive income (Note 21) .... — — — — 2,341 — — (2,754) (413)
Replacement share-based awards issued in
connection with acquisition (Note 19) .... — — — (1,167) — 16,723 — — 15,556
Common stock issued from treasury shares
for exercise of stock options (Note 19) . . . — — — (700) — 41,391 — — 40,691
Common stock issued for nonvested awards
(Note 19) ........................... — 319 32 (32) — — — — —
Common stock issued from treasury shares
for nonvested awards (Note 19) ......... — — — (5,747) — 5,747 — — —
Share-based compensation (Note 19) ...... — — — 28,972 — — — — 28,972
Common stock issued from treasury shares
for dividend equivalents (Note 19) ...... — — — 36 — 301 161 — 498
Cash dividends declared ($0.40 per
share) .............................. — — — — — — (75,770) — (75,770)
Purchase of treasury shares (Note 20) ...... — — — — — (103,857) — — (103,857)
Subsidiary dividends paid to noncontrolling
interests ............................ (6,368) — — — — — — (953) (953)
Tax benefits associated with share-based
compensation ....................... — — — 2,686 — — — — 2,686
Balance as of December 31, 2013 ......... 39,652 202,790 20,279 165,841 3,749 (326,996) 1,718,204 21,349 1,602,426
Net income ........................... 4,650 — — — — — 322,872 1,884 324,756
Other comprehensive income (Note 21) .... — — — — (15,675) — — (421) (16,096)
Common stock issued from treasury shares
for exercise of stock options (Note 19) . . . — — — 1,955 — 32,914 — — 34,869
Common stock unissued due to forfeiture of
nonvested awards .................... — (15) (1) 1 — — — — —
Common stock issued from treasury shares
for nonvested awards (Note 19) ......... — — — (11,142) — 11,142 — — —
Share-based compensation (Note 19) ...... — — — 30,312 — — — — 30,312
Common stock issued from treasury shares
for dividend equivalents (Note 19) ...... — — — 185 — 226 — — 411
Cash dividends declared ($0.40 per
share) .............................. — — — — — — (74,706) — (74,706)
Purchase of treasury shares (Note 20) ...... — — — — — (170,516) — — (170,516)
Subsidiary dividends paid to noncontrolling
interests ............................ (6,732) — — — — — — (440) (440)
Fair value of noncontrolling interest ....... (15,078) — — (22,422) — — — — (22,422)
Disposition of noncontrolling interest
(Note 2) ............................ — — — — — — — (15,490) (15,490)
Tax benefits associated with share-based
compensation ....................... — — — 6,540 — — — — 6,540
Balance as of December 31, 2014 ......... 22,492 202,775 20,278 171,270 (11,926) (453,230) 1,966,370 6,882 1,699,644
Net income ........................... 5,945 — — — — — 364,044 (948) 363,096
Other comprehensive income
(Note 21) ........................... — — — — (21,618) — (270) (21,888)
Common stock issued from treasury
shares for exercise of stock options
(Note 19) ........................... — — — 12,273 — 46,363 — — 58,636
Common stock unissued due to forfeiture
of nonvested awards ................ — (6) (1) 702 — (701) — — —
Common stock issued from treasury
shares for nonvested awards
(Note 19) ........................... — — — (7,982) — 7,982 — — —
Share-based compensation (Note 19) .... — — — 41,179 — — — — 41,179
Common stock issued from treasury
shares for dividend equivalents
(Note 19) ........................... — — — 186 — 163 — — 349
Cash dividends declared ($0.40 per
share) .............................. — — — — — — (74,356) — (74,356)
Purchase of treasury shares (Note 20) ... — — — 6 — (242,241) — — (242,235)
Subsidiary dividends paid to
noncontrolling interests .............. (5,027) — — — — — — — —
Tax benefits associated with share-based
compensation ....................... — — — 24,257 — — — — 24,257
Balance as of December 31, 2015 ....... $23,410 202,769 $20,277 241,891 (33,544) (641,664)2,256,058 5,664 $1,848,682
See accompanying Notes to Consolidated Financial Statements
45