Total System Services, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported total revenues of $600,840,000 against $479,100,000 for the same period last year. Operating income was $110,402,000 against $89,831,000 for the same period last year. Income before income taxes, non-controlling interests and equity in income of equity investments was $99,687,000 against $89,836,000 for the same period last year. Net income attributable to the company's common shareholders was $65,655,000 or $0.34 per diluted share against $60,862,000 or $0.32 per diluted share for the same period last year. Cash earnings were $89,995,000 against $69,774,000 for the same period a year ago. Adjusted cash EPS was $0.48 against $0.37 for the same period a year ago. EBITDA was $173,264,000 against $133,112,000 for the same period a year ago. Adjusted EBITDA was $184,234,000 against $139,385,000 for the same period a year ago.

For the year, the company reported total revenues of $2,132,353,000 against $1,870,972,000 for the same period last year. Operating income was $386,247,000 against $357,652,000 for the same period last year. Income before income taxes, non-controlling interests and equity in income of equity investments was $355,919,000 against $354,854,000 for the same period last year. Net income attributable to the company's common shareholders was $244,750,000 or $1.29 per diluted share against $244,280,000 or $1.29 per diluted share for the same period last year. Net cash provided by operating activities was $452,399,000 against $455,753,000 for the same period last year. Purchases of property and equipment, net were $40,598,000 against $31,395,000 for the same period last year. Additions to licensed computer software from vendors were $64,729,000 against $33,001,000 for the same period last year. Additions to internally developed computer software were $32,506,000 against $19,285,000 for the same period last year. Cash earnings were $323,598,000 against $274,245,000 for the same period a year ago. Adjusted cash EPS was $1.72 against $1.46 for the same period a year ago. EBITDA was $591,599,000 against $528,262,000 for the same period a year ago. Adjusted EBITDA was $634,165,000 against $546,883,000 for the same period a year ago.

The company provided earnings guidance for the year 2014. For the year, the company expects total revenues to be in the range of $2,491 million to $2,542,000, revenues before reimbursable items to be in the range of $2,252 million to $2,297 million, adjusted EBITDA to be in the range of $744 million to $759 million and adjusted cash EPS attributable to the company's common shareholders to be in the range of $1.90 to $1.93. For 2014, the company expects its tax rate to be in the range of 34% to 35%, roughly $0.03 per share impact on the higher rate. CapEx for 2014 to be in the range of $200 million to $210 million, and average monthly free cash flow will be in the $35 million range.