Total System Services, Inc. Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015; Provides Earnings Guidance for the Fiscal Year 2016
For the year, the company reported total revenues of $2,779,541,000 against $2,446,877,000 a year ago. Operating income was $534,107,000 against $431,640,000 a year ago. Income before income taxes, non-controlling interests and equity in income of equity investments was $151,364,000 against $129,761,000 a year ago. Income from continuing operations, net of tax was $367,630,000 against $280,751,000 a year ago. Net income attributable to the common shareholders was $364,044,000 or $1.97 per diluted share against $322,872,000 or $1.72 per diluted share a year ago. Net cash provided by operating activities was $600,194,000 against $560,201,000 a year ago. Adjusted EPS from continuing operations were $2.46, an increase of 25.5%. Adjusted EBITDA was $833.9 million, an increase of 17.1%. Income from continuing operations attributable to common shareholders was $362,633,000 against $275,216,000 a year ago. Adjusted earnings were $452,112,000 against $364,402,000 a year ago. EBITDA was $792,371,000 against $678,260,000 a year ago.
For the year 2016, the company expects total revenues to be in the range of 2,900 million to $2,946 million. Adjusted EPS attributable to common shareholders from continuing operations to be in the range of $2.56 to $2.62.