WEX Inc
(NYSE:WEX)

WEX Inc. provides financial technology services in North America, the Asia Pacific, and Europe. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment processing services...

Website: http://www.wexinc.com

Founded: 1983

Full Time Employees: 5,000

Sector: Technology

Industry: Software-Infrastructure

Industrials Payment Service

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Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2024-09-30	2024-06-30	2023-12-31	2023-09-30	2023-06-30	2022-12-31	2022-09-30	2022-06-30	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-07-01	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-07-01	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-07-01	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-08-22	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31

revenues
payment processing revenue	284,000,000	301,700,000	285,200,000	309,900,000	318,400,000	311,800,000	313,300,000	300,500,000	295,092,000	309,032,000	312,305,000	231,049,000	226,126,000	213,426,000	188,389,000	176,316,000	171,077,000		147,461,000	204,037,000	199,212,000	224,756,000		214,826,000	186,798,000	193,928,000	182,871,000		178,738,000	168,454,000	145,732,000	145,702,000		141,354,000	136,378,000	137,300,000	146,182,000	126,080,000																						48,364,750	70,091,000	65,604,000	57,764,000	56,963,000	59,871,000	53,794,000	44,992,000	56,236,000	83,685,000	86,909,000	70,611,000	69,339,000	66,987,000	66,973,000	54,194,000	50,736,000	59,256,000	57,693,000	46,956,000	46,527,000	50,271,000	41,809,000	34,809,000
account servicing revenue	183,700,000	185,300,000	177,900,000	174,600,000	168,600,000	171,300,000	161,500,000	152,900,000	153,381,000	138,324,000	137,638,000	137,514,000	137,724,000	132,997,000	118,623,000	113,720,000	112,417,000		109,479,000	113,840,000	110,369,000	109,205,000		106,892,000	87,086,000	71,928,000	78,748,000		78,716,000	78,704,000	78,032,000	71,322,000		65,677,000	61,539,000	60,242,000	58,815,000	47,433,000																						6,444,500	9,268,000	8,241,000	8,269,000	9,194,000	9,540,000	9,308,000	8,959,000	7,975,000	7,645,000	7,589,000	7,422,000	7,344,000	6,915,000	6,328,000	6,180,000	6,060,000	6,098,000	5,926,000	5,915,000	5,656,000	5,868,000	5,792,000	5,619,000
finance fee revenue	82,000,000	83,200,000	80,400,000	70,500,000	77,800,000	80,000,000	77,100,000	76,400,000	99,878,000	96,698,000	85,310,000	75,902,000	67,769,000	59,499,000	52,153,000	53,578,000	46,307,000		42,711,000	55,927,000	71,651,000	66,382,000		62,912,000	46,373,000	53,669,000	53,703,000		51,573,000	49,682,000	51,246,000	50,879,000		42,085,000	43,372,000	46,592,000	36,138,000	32,704,000
other revenue	123,100,000	121,500,000	116,100,000	110,500,000	108,700,000	100,200,000	99,500,000	91,500,000	70,259,000	72,075,000	62,984,000	53,073,000	51,145,000	53,561,000	51,592,000	55,376,000	52,315,000		47,433,000	57,875,000	58,813,000	59,620,000		57,177,000	61,619,000	64,719,000	67,368,000		61,849,000	57,989,000	56,295,000	56,099,000		54,768,000	50,068,000	46,705,000	46,621,000	27,719,000
total revenues	672,900,000	691,800,000	659,600,000	665,500,000	673,500,000	663,300,000	651,400,000	621,300,000	618,610,000	616,129,000	598,237,000	497,538,000	482,764,000	459,483,000	410,757,000	398,990,000	382,116,000		347,084,000	431,679,000	440,045,000	459,963,000		441,807,000	381,876,000	384,244,000	382,690,000		370,876,000	354,829,000	331,305,000	324,002,000		303,884,000	291,357,000	290,839,000	287,756,000	233,936,000	205,928,000	212,642,000	226,057,000	213,653,000	202,285,000	211,864,000	222,134,000	201,581,000	182,068,000	182,283,000	191,525,000	178,285,000	165,370,000	168,998,000	160,967,000	153,064,000	140,122,000	139,836,000	151,878,000	141,272,000	120,090,000	114,896,000	100,229,000	91,435,000	83,846,000	83,780,000	86,642,000	78,626,000	69,176,000	80,867,000	108,531,000	111,238,000	92,946,000	90,681,000	87,652,000	85,973,000	71,822,000	70,756,000	79,689,000	76,164,000	64,638,000	64,425,000	67,395,000	57,311,000	52,202,000
yoy	-0.09%	4.30%	1.26%	7.11%	8.87%	7.66%	8.89%	24.87%	28.14%	34.09%	45.64%	24.70%	26.34%		18.35%	-7.57%	-13.16%			-2.29%	15.23%	19.71%			2.97%	8.29%	15.51%			16.76%	13.71%	11.40%		29.90%	41.48%	36.77%	27.29%	9.49%	1.80%	0.37%	1.77%	5.99%	11.10%	16.23%	15.98%	13.07%	10.10%	7.86%	18.98%	16.48%	18.02%	20.85%	5.98%	8.35%	16.68%	21.71%	51.53%	54.51%	43.23%	37.14%	15.68%	16.29%	21.21%	3.60%	-20.17%	-29.32%	-25.57%	-10.82%	23.82%	29.39%	29.41%	28.16%	9.99%	12.88%	11.11%	9.83%	18.24%	32.90%	23.82%
qoq	-2.73%	4.88%	-0.89%	-1.19%	1.54%	1.83%	4.84%	0.43%	0.40%	2.99%	20.24%	3.06%	5.07%	11.86%	2.95%	4.42%			-19.60%	-1.90%	-4.33%			15.69%	-0.62%	0.41%			4.52%	7.10%	2.25%			4.30%	0.18%	1.07%	23.01%	13.60%	-3.16%	-5.93%	5.81%	5.62%	-4.52%	-4.62%	10.20%	10.72%	-0.12%	-4.83%	7.43%	7.81%	-2.15%	4.99%	5.16%	9.24%	0.20%	-7.93%	7.51%	17.64%	4.52%	14.63%	9.62%	9.05%	0.08%	-3.30%	10.20%	13.66%	-14.46%	-25.49%	-2.43%	19.68%	2.50%	3.46%	1.95%	19.70%	1.51%	-11.21%	4.63%	17.83%	0.33%	-4.41%	17.60%	9.79%
cost of services
processing costs	173,300,000	163,100,000	161,400,000	156,000,000	163,800,000	169,900,000	156,400,000	149,700,000	142,653,000	146,316,000	137,435,000	135,693,000	121,207,000	116,208,000	109,762,000	111,889,000	102,244,000		99,991,000	104,917,000	111,543,000	98,296,000		99,481,000	91,119,000	73,942,000	79,580,000		76,306,000	79,640,000
service fees	24,400,000	22,600,000	23,300,000	20,700,000	20,800,000	18,600,000	18,500,000	17,900,000	17,974,000	16,614,000	14,856,000	13,653,000	14,246,000	13,759,000	11,146,000	12,954,000	10,881,000		9,700,000	13,754,000	13,679,000	14,905,000		14,197,000	14,246,000	13,808,000	13,818,000		13,809,000	12,326,000	33,831,000	41,205,000		37,351,000	36,750,000	36,954,000	53,415,000	45,924,000	36,759,000	37,909,000	36,924,000	33,941,000	30,070,000	31,716,000	34,024,000	27,831,000	26,305,000	23,663,000	29,352,000	26,608,000	23,805,000	29,143,000	28,968,000	24,770,000	20,308,000	18,224,000	20,774,000	18,194,000	13,010,000	13,353,000	15,953,000	9,468,000	7,594,000	8,219,000	7,291,000	5,974,000	6,182,000	4,732,000	4,923,000	5,860,000	4,846,000	4,199,000	3,677,000	3,440,000	3,671,000	4,795,000	3,313,000	3,377,000	3,040,000	2,332,000	3,045,000	3,005,000	3,542,000
provision for credit losses	20,500,000	20,400,000	21,500,000	9,700,000	20,600,000	12,300,000	9,400,000		58,041,000	54,030,000	42,186,000	12,966,000	14,127,000	12,962,000	5,059,000	11,592,000	12,283,000		20,581,000	33,987,000	18,194,000	14,847,000		14,832,000	17,791,000	19,552,000	21,435,000		11,505,000	13,990,000	13,221,000	19,614,000		16,082,000	12,231,000																																	14,477,000	9,325,000	10,823,000	10,396,000	7,963,000	3,300,000	3,043,000	6,263,000	5,477,000	4,998,000	2,302,000	3,918,000
operating interest	27,000,000	29,200,000	28,700,000	28,300,000	25,700,000	26,600,000	25,300,000	19,500,000	7,195,000	7,887,000	3,197,000	2,138,000	2,124,000	2,271,000	2,624,000	3,659,000	5,262,000		6,504,000	8,385,000	10,150,000	11,508,000		10,693,000	9,564,000	10,126,000	10,268,000		9,528,000	8,485,000
depreciation and amortization	38,400,000	39,000,000	37,900,000	34,600,000	32,800,000	28,500,000	25,500,000	25,200,000	25,969,000	27,265,000	26,633,000	28,293,000	28,226,000	26,451,000	29,194,000	28,477,000	26,202,000		25,124,000	24,789,000	26,519,000	26,123,000		21,570,000	20,513,000	19,877,000	19,013,000		20,612,000	20,450,000	53,296,000	51,229,000		49,961,000	49,238,000	50,270,000	46,008,000	23,109,000	22,264,000													12,647,750	27,877,000	11,397,000	11,317,000	11,725,000	11,767,000	10,908,000	10,969,000	11,531,000	6,752,000	5,737,000	5,873,000	5,988,000	5,359,000	5,338,000	5,245,000	5,481,000	5,216,000	4,935,000	4,491,000	4,456,000	3,922,000	3,338,000	3,302,000	3,048,000	2,734,000	2,692,000	2,514,000	2,736,000	2,526,000	2,684,000	1,972,000
total cost of services	283,600,000	274,300,000	272,700,000	249,200,000	263,800,000	255,900,000	235,100,000	235,000,000	251,832,000	252,112,000	224,307,000	192,743,000	179,930,000	171,651,000	157,785,000	168,571,000	156,872,000		161,900,000	185,832,000	180,085,000	165,679,000		160,773,000	153,233,000	137,305,000	144,114,000		131,760,000	134,891,000
general and administrative	78,300,000	92,000,000	86,300,000	92,100,000	101,000,000	116,300,000	116,600,000	106,200,000	95,250,000	86,506,000	83,482,000	81,418,000	79,486,000	79,543,000	86,431,000	94,677,000	73,131,000		62,265,000	62,036,000	69,732,000	65,423,000		76,247,000	64,405,000	53,599,000	51,799,000		48,488,000	55,309,000
sales and marketing	101,100,000	97,300,000	97,700,000	80,900,000	93,700,000	86,200,000	82,800,000	78,900,000	76,566,000	80,882,000	80,440,000	72,901,000	82,225,000	85,605,000	78,347,000	78,566,000	64,592,000		54,744,000	68,782,000	49,230,000	73,689,000		72,831,000	64,119,000	60,385,000	54,611,000		57,697,000	56,541,000
operating income	166,300,000	183,600,000	156,800,000	196,400,000	168,100,000	158,500,000	174,900,000	159,400,000	155,149,000	21,288,000	171,131,000	108,359,000	100,822,000	82,278,000	50,541,000	-197,129,000	1,845,000		28,782,000	74,829,000	103,858,000	118,311,000		94,737,000	68,935,000	98,677,000	100,688,000		102,911,000	78,362,000	67,214,000	63,723,000		47,581,000	60,752,000	47,797,000	54,568,000	51,635,000	41,127,000	49,890,000	67,745,000	62,918,000	48,240,000	61,842,000	102,530,000	80,329,000	61,537,000	71,235,000	77,893,000	67,081,000	60,530,000	49,499,000	51,277,000	62,880,000	57,963,000	60,733,000	65,244,000	61,175,000	46,172,000	42,980,000	36,192,000	39,347,000	32,193,000	30,108,000	36,346,000	32,372,000	19,324,000	19,014,000	54,402,000	50,948,000	37,068,000	39,540,000	43,002,000	42,647,000	26,903,000	28,551,000	39,133,000	38,512,000	28,907,000	31,185,000	34,070,000	26,027,000	15,335,000
yoy	-1.07%	15.84%	-10.35%	23.21%	8.35%	644.55%	2.20%	47.10%	53.88%	-74.13%	238.60%	-154.97%	5364.61%		75.60%	-363.44%	-98.22%			-21.01%	50.66%	19.90%			-33.01%	25.92%	49.80%			64.69%	10.64%	33.32%		-7.85%	47.72%	-4.20%	-19.45%	-17.93%	-14.75%	-19.33%	-33.93%	-21.67%	-21.61%	-13.19%	31.63%	19.75%	1.66%	43.91%	51.91%	6.68%	4.43%	-18.50%	-21.41%	2.79%	25.54%	41.31%	80.27%	55.48%	43.42%	42.75%	-0.42%	21.55%	66.60%	58.35%	-33.19%	-36.46%	-47.87%	-51.91%	26.51%	19.46%	37.78%	38.49%	9.89%	10.74%	-6.93%	-8.45%	14.86%	47.97%	88.50%
qoq	-9.42%	17.09%	-20.16%	16.84%	6.06%	-9.38%	9.72%	2.74%	628.81%	-87.56%	57.93%	7.48%	22.54%	62.79%	-125.64%	-10784.50%			-61.54%	-27.95%	-12.22%			37.43%	-30.14%	-2.00%			31.33%	16.59%	5.48%			-21.68%	27.10%	-12.41%	5.68%	25.55%	-17.56%	-26.36%	7.67%	30.43%	-21.99%	-39.68%	27.64%	30.54%	-13.61%	-8.55%	16.12%	10.82%	22.29%	-3.47%	-18.45%	8.48%	-4.56%	-6.91%	6.65%	32.49%	7.43%	18.76%	-8.02%	22.22%	6.93%	-17.16%	12.28%	67.52%	1.63%	-65.05%	6.78%	37.44%	-6.25%	-8.05%	0.83%	58.52%	-5.77%	-27.04%	1.61%	33.23%	-7.30%	-8.47%	30.90%	69.72%
operating margin %	24.71%	26.54%	23.77%	29.51%	24.96%	23.90%	26.85%	25.66%	25.08%	3.46%	28.61%	21.78%	20.88%	17.91%	12.30%	-49.41%	0.48%	NaN%	8.29%	17.33%	23.60%	25.72%	NaN%	21.44%	18.05%	25.68%	26.31%	NaN%	27.75%	22.08%	20.29%	19.67%	NaN%	15.66%	20.85%	16.43%	18.96%	22.07%	19.97%	23.46%	29.97%	29.45%	23.85%	29.19%	46.16%	39.85%	33.80%	39.08%	40.67%	37.63%	36.60%	29.29%	31.86%	41.08%	41.37%	43.43%	42.96%	43.30%	38.45%	37.41%	36.11%	43.03%	38.40%	35.94%	41.95%	41.17%	27.93%	23.51%	50.13%	45.80%	39.88%	43.60%	49.06%	49.61%	37.46%	40.35%	49.11%	50.56%	44.72%	48.41%	50.55%	45.41%	29.38%
financing interest expense, net of financial instruments	-58,800,000	-63,800,000	-65,000,000	-58,400,000	-59,900,000
change in fair value of contingent consideration	-600,000	-700,000	-800,000	-100,000	-1,700,000	-2,300,000	-3,200,000	-1,200,000	-3,988,000	-30,300,000	-88,200,000	4,800,000	2,800,000	-47,700,000
net foreign currency gain	3,100,000	-2,600,000	2,400,000	3,200,000							-19,408,000			1,342,000					-2,462,000					6,665,000	-3,885,000	-11,362,000	-1,094,000		-26,734,000	390,000	-3,659,000	14,611,000		10,525,000	8,442,000	4,308,250	5,932,000	-4,823,000	16,124,000	-5,677,000	6,525,000	-2,161,000	-4,376,000
income before income taxes	110,000,000	116,400,000	93,400,000	141,100,000	106,100,000	108,400,000	44,400,000	117,800,000	124,467,000	-43,336,000	48,597,000	101,743,000	71,208,000	9,460,000	21,535,000	-240,636,000	-36,115,000		-6,354,000	-17,976,000	88,658,000	61,584,000		44,248,000	22,026,000	44,285,000	76,033,000		53,378,000	64,923,000	55,359,000	52,430,000		27,295,000	43,611,000	9,034,000	25,268,000	16,394,000	36,404,000	35,046,000	72,496,000	42,841,000	34,525,000	79,303,000	98,547,000	66,730,000	57,059,000	55,896,000	70,002,000	67,298,000	45,204,000	43,548,000	35,129,000	90,660,000	36,846,000	51,330,000	74,366,000	63,863,000	19,046,000	29,603,000	37,735,000	48,057,000	29,687,000	20,508,000	38,662,000	148,687,000	17,387,000	103,505,000	108,271,000	-39,404,000	23,393,000	84,791,000	36,828,000	28,435,000	13,083,000	30,759,000	53,679,000	14,337,000	17,701,000	41,694,000	-8,120,000	24,552,000	-30,253,000
income tax expense	22,575,000	36,200,000	25,200,000	38,200,000	29,100,000	19,675,000	26,000,000	22,500,000	14,327,250	809,000	14,468,000	4,231,000	19,340,000
net income	54,950,000	80,300,000	68,100,000	102,900,000	77,000,000	84,900,000	18,400,000	95,300,000	88,691,000	-44,145,000	34,129,000	50,860,000	51,868,000	10,206,000	23,205,000	-223,891,000	-57,717,000		13,393,000	-12,269,000	64,787,000	42,447,000		31,851,000	16,208,000	23,720,000	57,282,000		39,440,000	49,334,000	79,594,000	33,860,000		16,640,000	29,076,000	3,139,000	19,203,000	11,912,000	23,221,000	21,397,000	41,782,000	26,400,000	20,033,000	47,239,000	73,850,000	42,849,000	36,080,000	33,891,000	43,778,000	42,052,000	28,577,000			30,335,000	23,236,000	32,792,000	48,100,000	40,615,000	12,115,000	18,468,000	20,571,000	30,036,000	18,554,000	12,129,000	23,363,000	93,190,000	10,977,000	65,151,000	72,344,000	-24,383,000	14,528,000	2,666,000	22,245,000	18,329,000	8,337,000	18,959,000	34,444,000	9,856,000	11,350,000	28,327,000	-6,185,000	14,984,000	-18,473,000
yoy	-28.64%	-5.42%	270.11%	7.97%	-13.18%	-292.32%	-46.09%	87.38%	70.99%	-532.54%	47.08%	-122.72%	-189.87%		73.26%	1724.85%	-189.09%			-138.52%	299.72%	78.95%			-58.90%	-51.92%	-28.03%			196.48%	173.74%	978.69%		39.69%	25.21%	-85.33%	-54.04%	-54.88%	15.91%	-54.70%	-43.42%	-38.39%	-44.48%	39.39%	68.69%	1.90%	26.26%			38.63%	22.99%			-25.31%	91.80%	77.56%	133.82%	35.22%	-34.70%	52.26%	-11.95%	-67.77%	69.03%	-81.38%	-67.71%	-482.19%	-24.44%	2343.77%	225.21%	-233.03%	74.26%	-85.94%	-35.42%	85.97%	-26.55%	-33.07%	-656.90%	-34.22%	-161.44%
qoq	-31.57%	17.91%	-33.82%	33.64%	-9.31%	361.41%	-80.69%	7.45%	-300.91%	-229.35%	-32.90%	-1.94%	408.21%	-56.02%	-110.36%	287.91%			-209.16%	-118.94%	52.63%			96.51%	-31.67%	-58.59%			-20.06%	-38.02%	135.07%			-42.77%	826.28%	-83.65%	61.21%	-48.70%	8.52%	-48.79%	58.27%	31.78%	-57.59%	-36.03%	72.35%	18.76%	6.46%	-22.58%	4.10%	47.15%				30.55%	-29.14%	-31.83%	18.43%	235.25%	-34.40%	-10.22%	-31.51%	61.88%	52.97%	-48.08%	-74.93%	748.96%	-83.15%	-9.94%	-396.70%	-267.83%	444.94%	-88.02%	21.37%	119.85%	-56.03%	-44.96%	249.47%	-13.16%	-59.93%	-558.00%	-141.28%	-181.11%
net income margin %	8.17%	11.61%	10.32%	15.46%	11.43%	12.80%	2.82%	15.34%	14.34%	-7.16%	5.70%	10.22%	10.74%	2.22%	5.65%	-56.11%	-15.10%	NaN%	3.86%	-2.84%	14.72%	9.23%	NaN%	7.21%	4.24%	6.17%	14.97%	NaN%	10.63%	13.90%	24.02%	10.45%	NaN%	5.48%	9.98%	1.08%	6.67%	5.09%	11.28%	10.06%	18.48%	12.36%	9.90%	22.30%	33.25%	21.26%	19.82%	18.59%	22.86%	23.59%	17.28%	0%	0%	19.82%	16.58%	23.45%	31.67%	28.75%	10.09%	16.07%	20.52%	32.85%	22.13%	14.48%	26.96%	118.52%	15.87%	80.57%	66.66%	-21.92%	15.63%	2.94%	25.38%	21.32%	11.61%	26.79%	43.22%	12.94%	17.56%	43.97%	-9.18%	26.15%	-35.39%
net income per share
basic	1.533	2.34	1.98	2.56	1.85
diluted	1.518	2.3	1.98	2.52	1.83
weighted-average common shares outstanding:
basic	35.5	34.4	34.3	40.3	41.7	42.8	42.9	42.9	44,398	44,229	44,790	44,718	44,861	44,788	44,343	43,842	44,166		43,574	43,416	43,316	43,349		43,329	43,220	43,156	43,191		43,181	43,049	42,977	43,014		43,002	42,871	40,809	42,788	38,806	38,756	38,771	38,745	38,739	38,859	38,890	38,867	38,856	38,966	38,946	38,978	38,934	38,888	38,840	38,793	38,883	38,820	38,686	38,747	38,722	38,516	38,486	38,374	38,830	38,334	38,303	38,217	38,418	38,339	38,885	38,831	38,857	39,312	40,042	39,990	39,995	40,347	40,373	40,362	40,331	40,245	40,194	40,194	40,186	40,185
diluted	35.9	34.8	34.4	40.8	42	43.3	43.4	43.4	44,724	44,229	45,077	45,312	45,279	44,788	44,343	43,842	44,166		43,779	43,416	43,769	43,811		43,761	43,572	43,574	43,615		43,546	43,450	43,105	43,101		43,060	43,119	40,914	42,871	38,857	38,850	38,843	38,808	38,799	38,952	39,000	38,961	38,946	39,145	39,103	39,081	39,039	39,187	39,092	38,995	39,084	39,123	38,998	38,951	38,947	38,872	39,052	38,779	39,136	39,122	39,364	39,351	39,517	39,177	39,787	39,730	38,857	40,275	40,751	41,060	41,084	41,069	41,553	41,538	41,086	40,983	40,735	40,194	41,072	40,185
loss on extinguishment of convertible notes							-70,100,000
net foreign currency loss					-400,000	-2,350,000	-7,800,000	-200,000	15,145,000	-23,445,000		-964,000	-9,962,000		-2,755,000	6,190,000	-784,000			-28,727,000	-3,437,000	-16,528,000
impairment charges										136,486,000																606,000	2,424,000
financing interest expense						-30,600,000	-41,600,000	-42,400,000	-34,762,000	-34,419,000	-31,820,000	-30,172,000	-32,493,000	-32,473,000	-33,284,000	-55,267,000	-40,950,000		-28,832,000	-32,031,000	-33,378,000	-34,549,000		-35,638,000	-31,112,000	-26,463,000	-25,718,000		-25,505,000	-27,337,000	-25,618,000	-25,754,000		-28,547,000	-27,148,000	-26,378,000	-35,064,000	-30,418,000	-21,558,000	-10,855,000	-11,330,000	-11,916,000	-12,088,000	-11,570,000	-9,840,000	-7,276,000	-7,356,000	-7,342,000	-7,369,000	-7,369,000	-7,339,000	-3,556,000	-2,302,000	-2,290,000	-2,285,000	-2,589,000	-3,100,000	-3,548,000	-2,439,000	-2,411,000	-1,484,000	-693,000	-726,000	-787,000	-1,355,000	-2,048,000	-2,020,000	-2,736,000	-3,006,000	-3,016,000	-3,101,000	-3,367,000	-3,179,000	-3,001,000	-3,130,000	-3,461,000	-3,592,000	-3,666,000	-3,728,000	-3,707,000	-3,740,000	-4,133,000	-1,386,000
net unrealized gain on financial instruments						-5,025,000	-7,800,000	2,200,000	-7,077,000	23,540,000	16,894,000	19,720,000	6,424,000	6,013,000	7,033,000	5,079,000	3,774,000				4,424,000	-5,650,000		-21,516,000	-11,912,000	-15,792,000	2,157,000		2,706,000
less: net income from non-controlling interests												-253,000	134,000	239,000	726,000	184,000	1,244,000		675,000	1,363,000	-797,000	-631,000		324,000	74,000
net income attributable to wex inc.						84,900,000	18,400,000	95,300,000	88,691,000	-44,145,000	34,129,000	51,113,000	51,734,000	9,967,000	22,479,000	-224,075,000	-58,961,000		12,718,000	-13,632,000	65,584,000	43,078,000		31,527,000
change in value of redeemable non-controlling interest												-62,873,000	-3,416,000	-43,823,000	-25,044,000	-10,125,000	-6,879,000		59,940,000
net income attributable to shareholders						84,900,000	18,400,000	95,300,000	88,691,000	-44,145,000	34,129,000	-11,760,000	48,318,000	-33,856,000		-234,200,000	-65,840,000		72,658,000	-16,256,000	54,446,000	14,619,000		13,807,000	16,134,000	23,042,000	57,322,000		39,298,000	48,633,000
net income attributable to shareholders per share:
basic						2	0.43	2.22	2.01	-1	0.76	0.068	1.08	-0.76		-5.34	-1.49		1.67	-0.37	1.26	0.34		0.32	0.37	0.53	1.33		0.91	1.13
diluted						1.98	0.42	2.2	1.99	-1	0.76	0.065	1.07	-0.76		-5.34	-1.49		1.66	-0.37	1.24	0.33		0.32	0.37	0.53	1.31		0.9	1.12
benefit from credit losses								22,700,000																												4,962,250	9,489,000	6,443,000	3,917,000	8,293,000	6,635,000	3,983,000	3,914,000	8,990,000	7,261,000	6,803,000	9,090,000	6,514,000	5,015,000	4,915,000	3,756,000	7,665,000	5,647,000	4,184,000	5,043,000	7,063,000	8,677,000	6,128,000	5,659,000	7,194,000	3,882,000	2,851,000	5,911,000	5,246,000	5,667,000	2,567,000	4,235,000													1,800,750	2,326,000	1,940,000	2,937,000
other income													3,617,000
loss on sale of subsidiary																	46,362,000
income tax benefit														-746,000	-1,670,000
net loss attributable to shareholders															-2,565,000
net loss attributable to shareholders per share:
basic															-0.06
diluted															-0.06
income tax provision																-16,745,000	21,602,000		-19,747,000	-5,707,000
adjusted net income or
asc
asu 2016–13 or
asu 2014–09 or
australian securitization subsidiary
company
covid-19 or
discovery benefits
ebitda
enett
european securitization subsidiary
fasb
fdic
gaap
go fuel card
ics
indenture
nav
net payment processing rate
notes																		400					400					400					400
noventis
nyse
optal
pavestone capital or
payment processing fuel spend
payment processing transactions
payment solutions purchase volume
purchase volume
redeemable non-controlling interest
saas
sec
segment adjusted operating income
u.s. health business
wex latin america
wex
wex europe services
wex health
net unrealized loss on financial instruments																			-3,842,000	-32,047,000
accretion of non-controlling interest																				-2,624,000	-11,138,000	-28,459,000		-17,720,000																	-9,413,000
impairment charge																															4,043,750			16,175,000
income taxes																					23,871,000	19,137,000		12,397,000	5,818,000	20,565,000	18,751,000		13,938,000	15,589,000	-24,235,000	18,570,000		10,655,000	14,535,000	5,895,000	6,065,000	4,482,000	13,183,000	13,649,000	30,714,000	16,441,000	14,492,000	32,064,000	24,697,000	23,881,000	20,979,000	22,005,000	26,224,000	25,246,000	16,627,000	14,694,000	20,845,000			18,538,000	26,266,000	23,248,000		11,135,000	17,164,000	18,021,000		8,379,000	15,299,000	55,497,000		38,354,000	35,927,000	-15,021,000
2017 tax act																							2,017					2,017
adjusted net income or ani
asu 2014–09
asu 2016–02
asu 2016–13
asu 2018–15
average expenditure per payment processing transaction
efs
nci
over-the-road
pavestone capital
ppg
total fuel transactions
net income attributable to wex inc. per share:
basic						2	0.43	2.22	2.01	-1	0.76	0.068	1.08	-0.76		-5.34	-1.49		1.67	-0.37	1.26	0.34		0.32	0.37	0.53	1.33		0.91	1.13
diluted						1.98	0.42	2.2	1.99	-1	0.76	0.065	1.07	-0.76		-5.34	-1.49		1.66	-0.37	1.24	0.33		0.32	0.37	0.53	1.31		0.9	1.12
less: net income from non-controlling interest																										678,000	-40,000		142,000	701,000
aoc
asu 2016–01
asu 2016–18
asu 2017–07
transaction processing transactions
net unrealized gains on interest rate swap agreements																														13,508,000					1,565,000
expenses
salary and other personnel																															101,727,000	92,321,000		85,811,000	83,585,000	79,520,000	76,706,000	66,662,000	63,410,000	59,882,000	57,174,000	59,091,000	58,417,000	58,089,000	55,392,000	43,426,000	43,902,000	42,328,000	41,469,000	40,647,000	40,077,000	35,879,000	28,823,000	29,963,000	28,715,000	25,118,000	27,388,000	26,410,000	25,694,000	23,551,000	23,746,000	20,447,000	19,620,000	20,331,000	18,680,000	18,259,000	17,853,000	16,931,000	14,604,000	18,316,000	17,118,000	16,964,000	16,222,000	15,699,000	16,129,000	15,230,000	15,236,000	15,196,000	14,354,000	14,356,000	13,463,000	13,450,000	18,717,000
restructuring																															340,000	4,639,000		1,676,000	484,000	-140,000	2,531,000	3,506,000	1,589,000	496,000	-45,000		8,559,000
technology leasing and support																															11,934,000	13,628,000		14,101,000	12,516,000	13,077,000	12,517,000	10,932,000	11,076,000	11,703,000	10,157,000	10,021,000	9,434,000	8,397,000	8,006,000	7,151,000	7,027,000	5,505,000	6,799,000	6,428,000	5,485,000	4,819,000	4,577,000	4,874,000	4,267,000	3,572,000	3,895,000	4,022,000	3,934,000	3,477,000	3,319,000	3,261,000	2,824,000	2,506,000	2,424,000	2,237,000	2,160,000	2,032,000	2,100,000	2,206,000	2,172,000	2,121,000	2,015,000	2,262,000	2,340,000	1,950,000	2,076,000	1,934,000	1,863,000	2,144,000	2,270,000	2,099,000	2,077,000
occupancy and equipment																															8,377,000	6,526,000		6,459,000	6,367,000	6,724,000	7,271,000	6,113,000	5,712,000	5,347,000	5,240,000	5,034,000	4,997,000	4,789,000	5,362,000	3,761,000	4,366,000	4,149,000	3,822,000	4,191,000	3,805,000	3,299,000	3,032,000	3,214,000	2,816,000	2,957,000	2,761,000	2,820,000	3,265,000	2,386,000	2,181,000	2,043,000	2,044,000	2,401,000	1,960,000	1,969,000	2,388,000	3,376,000	1,933,000	1,998,000	1,852,000	1,512,000	1,483,000	1,502,000	1,594,000	1,315,000	1,547,000	1,703,000	1,592,000	1,431,000	1,569,000	1,432,000	1,442,000
operating interest expense																															7,788,000	7,382,000		4,464,000	4,848,000	6,896,000	2,599,000	1,505,000	1,386,000	1,209,000	1,483,000	1,357,000	1,579,000	1,690,000	1,860,000	1,599,000	1,288,000	1,082,000	976,000	1,082,000	1,147,000	1,560,000	1,243,000	1,076,000	1,111,000	1,265,000	1,449,000	1,461,000	1,278,000	1,244,000	1,255,000	1,429,000	1,442,000	2,385,000	2,759,000	3,314,000	4,816,000	7,326,000	9,581,000	9,278,000	8,808,000	9,061,000	9,158,000	8,946,000	6,921,000	5,855,000	6,911,000	6,042,000	4,607,000	4,927,000	4,139,000	3,192,000	2,261,000
cost of hardware and equipment sold																															798,250	1,066,000		1,098,000	1,029,000	607,250	859,000	665,000	905,000	624,750	706,000	684,000	1,109,000	1,258,250	1,830,000	2,255,000	948,000	816,500	1,055,000	1,137,000	1,074,000	567,500	759,000	784,000	727,000	760,500	1,166,000	825,000	1,051,000	411,250	447,000	655,000	543,000	409,000	638,000	763,000	993,000
other expenses																															17,337,750	22,669,000		23,125,000	23,557,000
total operating expenses																															264,091,000	260,279,000		256,303,000	230,605,000	243,042,000	233,188,000	182,301,000	164,801,000	162,752,000	158,312,000	150,735,000	154,045,000	150,022,000	119,604,000	121,252,000	120,531,000	111,048,000	113,632,000	111,204,000	104,840,000	119,499,000	109,690,000	90,184,000	82,159,000	79,103,000	86,634,000	80,097,000	73,918,000	71,916,000	64,037,000	52,088,000	51,653,000	53,672,000	50,296,000	46,254,000	49,852,000	61,853,000	54,129,000	60,290,000	55,878,000	51,141,000	44,650,000	43,326,000	44,919,000	42,205,000	40,556,000	37,652,000	35,731,000
net unrealized loss on interest rate swap agreements																															-212,250	-150,000		-2,264,000
net realized and unrealized gain on fuel price derivatives																																												2,264,250	14,773,000	-7,561,000	1,845,000					-3,011,500	-14,026,000			-1,247,750	13,952,000	6,232,000		952,250	-3,774,000	9,363,000						-7,969,000	66,034,000
non-cash adjustments related to tax receivable agreement																																				-395,000	-168,000			408,500	1,634,000
less: net loss from non-controlling interest																															-221,500	-111,000		-450,000
net earnings attributable to shareholders																															79,804,000	33,971,000		17,090,000	29,401,000	5,287,000	19,696,000			20,901,000	32,166,000
net earnings attributable to wex inc. per share:
basic																															1.86	0.79		0.4	0.69	0.11	0.46	0.32	0.6	0.54	0.83	0.68	0.58	1.23	1.92	1.12	0.94	0.88	1.12	1.08	0.74	0.75	0.37
diluted																															1.85	0.79		0.4	0.68	0.1	0.46	0.32	0.59	0.54	0.83	0.68	0.57	1.22	1.91	1.11	0.93	0.89	1.12	1.08	0.73	0.74	0.37
2016 credit agreement
asu 2014-09
asu 2016-09
asu 2017-07
esso portfolio in europe
evolution1
ticking fees
unik
less: net gain from non-controlling interest																																			-325,000
other																																				-587,000	21,793,000	17,442,000	17,783,000	-14,028,000	19,260,000	15,865,000	15,794,000	-9,211,000	13,438,000	13,250,000	12,587,000	-10,936,000	10,984,000	11,695,000	11,084,000	-8,822,000	8,764,000	9,922,000	7,855,000	-10,172,000	8,757,000	9,329,000	9,058,000	-3,230,000	6,517,000	4,119,000	4,564,000	3,081,000	3,193,000	2,938,000	2,799,000	435,000	3,766,000	4,066,000	3,282,000	2,834,000	2,836,000	2,454,000	2,407,000	3,973,000	3,477,000	2,959,000	2,319,000	2,648,000	2,587,000	2,370,000	4,472,000
gain on divestiture																																								-303,750			-1,215,000
net realized and unrealized gain on fuel price derivative instruments																																				177,750			711,000	1,167,750	7,922,000		2,749,000
less: net gain attributable to non-controlling interests																																				-253,250	-493,000		135,000	-550,250	203,000
net earnings attributable to wex inc.																																				5,287,000	19,696,000	12,567,000	23,086,000	20,901,000	41,579,000	26,492,000	22,345,000	47,893,000	74,443,000	43,333,000	36,542,000	34,468,000	43,838,000	42,213,000	28,689,000	29,053,000	14,298,000
net earnings attributable to shareholders per share:
basic																															1.86	0.79		0.4	0.69	0.11	0.46	0.32	0.6	0.54	0.83	0.68	0.58	1.23	1.92	1.12	0.94	0.88	1.12	1.08	0.74	0.75	0.37
diluted																															1.85	0.79		0.4	0.68	0.1	0.46	0.32	0.59	0.54	0.83	0.68	0.57	1.22	1.91	1.11	0.93	0.89	1.12	1.08	0.73	0.74	0.37
less: net income attributable to non-controlling interests																																						-655,000				-92,000	-2,312,000	-384,750	-593,000	-484,000	-462,000
fleet payment solutions																																								101,170,500	140,672,000	135,520,000	128,490,000	136,409,000	144,497,000	145,828,000	135,435,000	133,471,000	136,874,000	131,040,000	126,039,000	128,882,000	117,877,000	114,685,000	109,147,000	107,468,000	117,054,000	113,648,000	98,534,000
other payment solutions																																								59,328,250	85,385,000	78,133,000	73,795,000	75,455,000	77,637,000	55,753,000	46,633,000	48,812,000	54,651,000	47,245,000	39,331,000	40,116,000	43,090,000	38,379,000	30,975,000	32,368,000	34,824,000	27,624,000	21,556,000
depreciation, amortization and impairment																																								15,731,000	20,778,000	20,759,000	21,387,000	12,448,500	19,600,000	15,176,000	15,018,000	10,817,000	14,160,000	14,501,000	14,607,000
net realized and unrealized loss on fuel price derivative instruments																																										-6,000,000
gain on sale of subsidiary																																												-321,000	-27,169,000
net gain on foreign currency transactions																																												-1,322,250	-7,560,000	1,238,000	1,033,000
increase in amount due under tax receivable agreement																																												25,000	-1,356,000															-53,500	-214,000			-29,000
gain on foreign currency transactions																																																427,000	2,968,000			-78,000	180,000	-472,000	-20,000	-90,750	-855,000	4,000	488,000	1,764,500	7,015,000	40,000
net realized and unrealized loss on fuel price derivatives																																																-695,250	-3,640,000
decrease in tax refund due to former shareholders of rd card holdings australia																																																						9,750,000
decrease in amount due under tax receivable agreement																																																37,500	150,000
less: net income from noncontrolling interest																																																-83,250	-60,000	-161,000	-112,000
loss on foreign currency transactions																																																		-1,028,000	-232,000													-12,000	-16,000	-12,000
net realized and unrealized gains on fuel price derivatives																																																		8,614,000				20,792,000									-1,780,000	-8,772,000	3,687,000		653,000
net realized and unrealized losses on fuel price derivatives																																																			-7,755,000				-18,812,000				-25,175,000							-18,110,000				-87,336,000	-10,574,000
decrease in tax refund due to former shareholder of rd card holdings australia
net income before noncontrolling interest																																																				16,963,750	14,284,000
less: net earnings from noncontrolling interest																																																				-3,500	-14,000
changes in available-for-sale securities, net of tax effect of 27 and 68 in 2012 and 57 and 90 in 2011																																																				28,500	44,000
changes in interest rate swaps, net of tax effect of — and 35 in 2012 and 65 and 146 in 2011																																																				15,000
foreign currency translation																																																				1,797,250	9,006,000	-9,819,000		-2,851,750	-29,888,000	10,798,000		3,364,250	13,990,000	-335,000	-198,000	5,750	197,000	-150,000	-24,000	-5,750	-15,000	2,000	-10,000	3,250	13,000
comprehensive income attributable to wex inc.																																																				18,808,000	23,348,000
benefit from income taxes																																																						60,325,000	13,610,000				6,931,000				11,133,000				6,410,000
other comprehensive income
changes in available-for-sale securities, net of tax effect of 51 and 41 in 2012 and 39 and 33 in 2011																																																						86,000
changes in interest rate swaps, net of tax effect of — and 35 in 2012 and 40 and 81 in 2011
total other comprehensive income																																																						20,602,000	31,282,000
earnings per share:
basic																																																						0.78	0.6	0.84	1.24	1.05	0.31	0.48	0.54	0.77	0.48	0.32	0.61	2.43	0.29	1.68	1.86	-0.63	0.37	0.07	0.56	0.46	0.21	0.47	0.85	0.24	0.28	0.7	-0.15	0.37	-0.46
diluted																																																						0.78	0.59	0.84	1.23	1.04	0.31	0.48	0.53	0.77	0.48	0.3	0.6	2.36	0.28	1.65	1.82	-0.63	0.36	0.07	0.55	0.45	0.2	0.47	0.83	0.24	0.28	0.7	-0.15	0.37	-0.46
changes in available-for-sale securities, net of tax effect of (10) in 2012 and in 2011																																																							-16,000
changes in interest rate swaps, net of tax effect of 35 in 2012 and 41 in 2011																																																							60,000
foreign currency translation, net of tax effect of (28) in 2012 and 37 in 2011																																																							8,002,000
(increase) in amount due under tax receivable agreement																																																								-218,750	-875,000
changes in available-for-sale securities, net of tax effect of 57 and 90 in 2011 and 15 and 74 in 2010																																																								36,000	88,000
changes in interest rate swaps, net of tax effect of 65 and 146 in 2011 and (144) and (200) in 2010																																																								63,000	113,000
comprehensive income																																																								22,454,750	18,413,000	51,550,000	19,856,000	20,599,750	34,330,000	29,796,000	18,273,000	32,310,750	23,805,000	93,728,000	11,710,000	15,697,750	72,843,000	-23,440,000	13,388,000	12,010,750	21,698,000	18,173,000	8,172,000	13,836,250	34,209,000	9,781,000	11,355,000
changes in available-for-sale securities, net of tax effect of 39 and 33 in 2011 and 41 and 59 in 2010																																																										68,000
changes in interest rate swaps, net of tax effect of 40 and 81 in 2011 and 13 and (56) in 2010																																																										69,000
changes in available-for-sale securities, net of tax effect of in 2011 and 18 in 2010																																																											-12,000
changes in interest rate swaps, net of tax effect of 41 in 2011 and (69) in 2010																																																											70,000
foreign currency translation, net of tax effect of 37 in 2011 and 0 in 2010																																																											7,683,000
service revenues
transaction processing revenue																																																												3,159,250	4,236,000	4,242,000	4,159,000	4,333,000	4,538,000	4,363,000	4,298,000	4,778,000	5,326,000	5,255,000	3,980,000	3,641,000	3,684,000	3,652,000	3,475,000	4,274,000	4,701,000	4,343,000	4,210,000	4,215,000	4,526,000	4,288,000	4,107,000
finance fees																																																												6,631,500	9,640,000	8,502,000	8,384,000	9,683,000	8,790,000	7,279,000	7,064,000	7,864,000	8,109,000	7,419,000	7,651,000	7,523,000	7,230,000	6,566,000	5,566,000	5,713,000	6,157,000	5,243,000	5,238,000	5,379,000	4,143,000	3,052,000	3,195,000
total service revenues																																																												68,400,000	99,752,000	90,708,000	83,140,000	83,254,000	85,932,000	77,682,000	68,112,000
product revenues
hardware and equipment sales																																																												477,500	477,000	727,000	706,000	526,000	710,000	944,000	1,064,000
gain on settlement of portion of amounts due under tax receivable agreement																																																																		136,485,000
changes in available-for-sale securities, net of tax effect of 15 and 74 in 2010 and 42 and 63 in 2009																																																												31,250	17,000
changes in interest rate swaps, net of tax effect of (144) and (200) in 2010 and 96 and 912 in 2009																																																												-86,000	-248,000
changes in available-for-sale securities, net of tax effect of 41 and 59 in 2010 and (11) and 21 in 2009																																																														74,000
changes in interest rate swaps, net of tax effect of 13 and (56) in 2010 and 410 and 816 in 2009																																																														21,000
changes in available-for-sale securities, net of tax effect of 18 in 2010 and 32 in 2009																																																															34,000
changes in interest rate swaps, net of tax effect of (69) in 2010 and 406 in 2009																																																															-117,000
see notes to condensed consolidated financial statements.
changes in available-for-sale securities, net of tax effect of 42 and 63 in 2009 and 10 and (24) in 2008																																																																28,750	78,000
changes in interest rate swaps, net of tax effect of 96 and 912 in 2009 and 277 and 210 in 2008																																																																393,750	167,000
changes in available-for-sale securities, net of tax effect of (11) and 21 in 2009 and (62) and (34) in 2008																																																																		-20,000
changes in interest rate swaps, net of tax effect of 410 and 816 in 2009 and 589 and (67) in 2008																																																																		708,000
increase in amount due to avis under tax receivable agreement																																																																			-570,000
changes in available-for-sale securities, net of tax effect of 32 in 2009 and 28 in 2008																																																																			57,000
changes in interest rate swaps, net of tax effect of 406 in 2009 and (656) in 2008																																																																			700,000
loss on extinguishment of debt																																																																										-1,572,000
decrease in amount due to avis under tax receivable agreement																																																																				145,000	-9,159,000			77,198,000	1,706,000
changes in available-for-sale securities, net of tax effect of 10 and (24) in 2008 and 34 and (14) in 2007																																																																				-10,500	19,000
changes in interest rate swaps, net of tax effect of 277 and 210 in 2008 and (431) and (593) in 2007																																																																				91,750	495,000
changes in available-for-sale securities, net of tax effect of (62) and (34) in 2008 and (53) and (48) in 2007																																																																						-113,000
changes in interest rate swaps, net of tax effect of 589 and (67) in 2008 and (42) and (162) in 2007																																																																						1,054,000
provision for income taxes																																																																							8,865,000	82,125,000	14,583,000	10,106,000	4,746,000	11,800,000	19,235,000	4,481,000	6,351,000
changes in available-for-sale securities, net of tax effect of 28 in 2008 and 5 in 2007																																																																							52,000
changes in interest rate swaps, net of tax effect of (656) in 2008 and (120) in 2007																																																																							-1,182,000
net realized and unrealized gains on derivative instruments																																																																								-6,257,500	-4,701,000			-2,462,250	18,138,000	-20,509,000
changes in available-for-sale securities, net of tax effect of 34 and (14) in 2007 and 50 and (12) in 2006																																																																								-6,250	62,000
changes in interest rate swaps, net of tax effect of (431) and (593) in 2007 and (169) and (132) in 2006																																																																								-214,000	-622,000
net realized and unrealized losses on derivative instruments																																																																										-9,639,000	-10,690,000				-7,478,000
change in net unrealized loss on available-for-sale securities, net of tax effect of (53) and (48) in 2007 and (21) and (62) in 2006																																																																										-95,000
change in net unrealized gain on interest rate swaps, net of tax effect of (42) and (162) in 2007 and (49) and 37 in 2006																																																																										-61,000
change in net unrealized loss on available-for-sale securities, net of tax effect of 5 in 2007 and (41) in 2006																																																																											8,000
change in net unrealized gain on interest rate swaps, net of tax effect of (120) in 2007 and 86 in 2006																																																																											-173,000
change in net unrealized loss on available-for-sale securities, net of tax effect of 50 and (12) in 2006 and (22) and (25) in 2005																																																																												-4,750	99,000
change in net unrealized gain on interest rate swaps, net of tax effect of (169) and (132) in 2006																																																																												-71,500	-334,000
and 262 and 270 in 2005
change in net unrealized loss on available-for-sale securities, net of tax effect of (21) and (62) in 2006 and 27 and in 2005																																																																														-55,000
change in net unrealized gain on interest rate swaps, net of tax effect of (49) and 37 in 2006 and 8 and 8 in 2005																																																																														-20,000
change in net unrealized loss on available-for-sale securities, net of tax effect of (41) in 2006 and (30) in 2005																																																																															-63,000
change in net unrealized gain on interest rate swaps, net of tax effect of 86 in 2006																																																																															68,000
operating interest income
total expenses																																																																																25,369,000	33,325,000	31,284,000	36,867,000
realized and unrealized losses on derivative instruments																																																																																-19,998,500	-38,450,000		-44,202,000
benefit for income taxes																																																																																-1,036,750	-1,935,000	9,568,000	-11,780,000
earnings per share
basic																																																						0.78	0.6	0.84	1.24	1.05	0.31	0.48	0.54	0.77	0.48	0.32	0.61	2.43	0.29	1.68	1.86	-0.63	0.37	0.07	0.56	0.46	0.21	0.47	0.85	0.24	0.28	0.7	-0.15	0.37	-0.46
diluted																																																						0.78	0.59	0.84	1.23	1.04	0.31	0.48	0.53	0.77	0.48	0.3	0.6	2.36	0.28	1.65	1.82	-0.63	0.36	0.07	0.55	0.45	0.2	0.47	0.83	0.24	0.28	0.7	-0.15	0.37	-0.46
weighted-average common shares outstanding
basic	35.5	34.4	34.3	40.3	41.7	42.8	42.9	42.9	44,398	44,229	44,790	44,718	44,861	44,788	44,343	43,842	44,166		43,574	43,416	43,316	43,349		43,329	43,220	43,156	43,191		43,181	43,049	42,977	43,014		43,002	42,871	40,809	42,788	38,806	38,756	38,771	38,745	38,739	38,859	38,890	38,867	38,856	38,966	38,946	38,978	38,934	38,888	38,840	38,793	38,883	38,820	38,686	38,747	38,722	38,516	38,486	38,374	38,830	38,334	38,303	38,217	38,418	38,339	38,885	38,831	38,857	39,312	40,042	39,990	39,995	40,347	40,373	40,362	40,331	40,245	40,194	40,194	40,186	40,185
diluted	35.9	34.8	34.4	40.8	42	43.3	43.4	43.4	44,724	44,229	45,077	45,312	45,279	44,788	44,343	43,842	44,166		43,779	43,416	43,769	43,811		43,761	43,572	43,574	43,615		43,546	43,450	43,105	43,101		43,060	43,119	40,914	42,871	38,857	38,850	38,843	38,808	38,799	38,952	39,000	38,961	38,946	39,145	39,103	39,081	39,039	39,187	39,092	38,995	39,084	39,123	38,998	38,951	38,947	38,872	39,052	38,779	39,136	39,122	39,364	39,351	39,517	39,177	39,787	39,730	38,857	40,275	40,751	41,060	41,084	41,069	41,553	41,538	41,086	40,983	40,735	40,194	41,072	40,185
realized and unrealized gains on derivative instruments																																																																																		2,658,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2024-09-30	2024-06-30	2023-12-31	2023-09-30	2023-06-30	2022-12-31	2022-09-30	2022-06-30	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31

assets
cash and cash equivalents	905,800,000	812,900,000	772,600,000	535,400,000	682,600,000	975,800,000	957,800,000	901,400,000	921,978,000	759,375,000	438,754,000	588,923,000	533,830,000	425,322,000	561,199,000	852,033,000	1,521,622,000	1,271,523,000	861,188,000	810,932,000	531,410,000	768,393,000	387,274,000	541,498,000	533,361,000	310,784,000	373,169,000	508,072,000	251,118,000	219,001,000	203,995,000	190,930,000	537,150,000	317,847,000	515,322,000	279,989,000	533,626,000	184,332,000	511,017,000	284,763,000	576,706,000	319,023,000	354,772,000	361,486,000	391,171,000	299,559,000	349,720,000	197,662,000	435,303,000	208,002,000	30,443,000	25,791,000	42,077,000	57,012,000	35,862,000	18,045,000	26,044,000	13,208,000	12,375,000	39,304,000	15,904,000	24,318,000	22,888,000	183,117,000	58,409,000	47,580,000	57,137,000	43,019,000	46,001,000	32,937,000	20,108,000	35,060,000	23,178,000	16,600,000	19,109,000	44,994,000	31,223,000	27,548,000	21,261,000
restricted cash	772,700,000	668,600,000	752,000,000	776,400,000	1,095,700,000	1,254,200,000	1,159,100,000	1,217,600,000	937,755,000	942,132,000	815,496,000	667,915,000	628,436,000	576,209,000	412,451,000	477,620,000	193,615,000	178,170,000	165,205,000	170,449,000	139,785,000	131,794,000	138,804,000	13,533,000	22,696,000	25,009,000	26,716,000
accounts receivable	3,362,600,000	3,816,100,000	3,925,000,000	3,770,400,000	3,966,400,000	3,428,500,000	4,053,500,000	3,622,300,000	3,275,663,000	3,830,178,000	4,444,958,000	2,891,242,000	3,053,565,000	2,861,445,000	2,506,479,000	1,993,329,000	2,151,741,000	1,942,723,000	2,093,924,000	2,661,108,000	3,181,272,000	3,202,961,000	2,830,555,000	2,584,203,000	3,124,204,000	3,087,354,000	2,770,399,000	2,527,840,000	2,595,371,000	2,455,015,000	2,246,815,000	2,054,701,000	2,061,358,000	1,886,744,000	1,567,154,000	1,508,605,000	1,791,681,000	1,972,141,000	1,804,688,000	1,865,540,000	2,033,974,000	2,205,689,000	1,980,609,000	1,712,061,000	1,913,614,000	1,831,892,000	1,781,444,000	1,555,814,000	1,630,699,000	1,532,421,000	1,555,035,000	1,323,915,000	1,512,343,000	1,557,413,000	1,418,623,000	1,160,482,000	1,146,607,000	1,025,898,000	948,970,000	844,152,000	911,455,000	903,170,000	698,600,000	702,225,000	1,372,668,000	1,582,939,000	1,250,462,000	1,070,273,000	1,064,857,000	1,134,266,000	911,785,000	802,165,000	839,293,000	890,857,000	726,826,000	652,132,000	802,719,000	606,863,000	517,351,000
investment securities	4,332,900,000	4,129,200,000	4,142,200,000	3,722,600,000	3,322,500,000	3,022,100,000	2,625,200,000	2,641,100,000	1,395,272,000	1,379,411,000	1,442,416,000	948,677,000	36,855,000	36,931,000	36,832,000	37,273,000	31,259,000	31,224,000	30,902,000	30,460,000	30,458,000	30,167,000	24,772,000	24,406,000	24,088,000	22,970,000	23,049,000
securitized accounts receivable, restricted	123,700,000	138,900,000	128,900,000	133,300,000	138,700,000	129,400,000	147,200,000	138,100,000	143,198,000	143,252,000	171,415,000	125,186,000	126,648,000	132,549,000	133,280,000	93,236,000	97,522,000	89,636,000	97,395,000	112,192,000	119,134,000	130,424,000	135,438,000	109,871,000	142,575,000	168,274,000	170,327,000	150,235,000	150,845,000	121,964,000	101,185,000	97,417,000	89,252,000	87,241,000	86,278,000	87,724,000	91,756,000	104,259,000
prepaid expenses and other current assets	215,400,000	149,700,000	176,200,000	171,400,000	177,200,000	125,300,000	189,000,000	184,100,000	143,283,000	144,379,000	112,995,000	77,569,000	93,275,000	98,397,000	95,002,000	86,629,000	66,589,000	78,793,000	93,980,000	87,694,000	82,857,000	74,163,000	153,093,000	149,021,000	85,842,000	79,838,000	80,598,000
total current assets	9,713,000,000	9,715,500,000	9,896,900,000	9,109,400,000	9,383,100,000	8,935,300,000	9,131,800,000	8,704,600,000	6,817,149,000	7,198,727,000	7,426,034,000	5,299,512,000	4,435,754,000	4,093,922,000	3,708,411,000	3,502,847,000	4,031,089,000	3,560,845,000	3,311,692,000	3,842,375,000	4,054,458,000	4,307,735,000	3,645,164,000	3,398,126,000	3,908,678,000	3,671,259,000	3,421,209,000
property, equipment and capitalized software	253,700,000	258,500,000	257,600,000	261,300,000	256,900,000	242,900,000	228,900,000	222,200,000	202,229,000	186,819,000	180,954,000	179,531,000	178,797,000	180,049,000	182,911,000	188,340,000	193,165,000	205,189,000	207,928,000	212,475,000	207,647,000	196,914,000	196,977,000	187,868,000	166,999,000	161,708,000	162,968,000	163,908,000	185,350,000	177,399,000	171,254,000	167,278,000	162,473,000	150,276,000	146,511,000	138,585,000	124,632,000	114,729,000	108,166,000	105,596,000	96,057,000	81,507,000	76,920,000	72,277,000	70,097,000	59,054,000	59,434,000	60,097,000	65,741,000	65,281,000	60,973,000	62,078,000	62,606,000	61,835,000	61,230,000	60,785,000	54,892,000	49,382,000	47,155,000	44,991,000	45,385,000	45,261,000	44,771,000	44,864,000	46,643,000	46,812,000	46,175,000	45,537,000	45,165,000	44,823,000	43,506,000	39,970,000	39,299,000	39,548,000	38,679,000	38,543,000	38,207,000	37,957,000	38,224,000
goodwill	3,015,300,000	3,011,700,000	3,011,500,000	3,024,900,000	3,006,200,000	3,015,700,000	2,796,900,000	2,728,200,000	2,728,889,000	2,702,998,000	2,873,369,000	2,908,057,000	2,905,520,000	2,925,583,000	2,759,025,000	2,688,138,000	2,431,147,000	2,433,621,000	2,418,288,000	2,441,201,000	2,436,411,000	2,325,942,000	2,331,110,000	1,832,129,000	1,838,909,000	1,843,575,000	1,876,922,000	1,876,132,000	1,813,805,000	1,808,192,000	1,840,844,000	1,838,441,000	1,841,663,000	1,119,048,000	1,123,474,000	1,112,878,000	1,068,455,000	1,089,271,000	1,085,513,000	1,116,365,000	1,095,233,000	833,886,000	828,823,000	818,402,000	824,307,000	816,051,000	844,158,000	844,285,000	579,204,000	568,931,000	554,771,000	549,504,000	541,173,000	559,118,000	554,162,000	537,055,000	525,869,000	315,071,000	315,163,000	315,227,000	315,244,000	315,168,000	315,230,000	315,230,000	315,154,000	313,853,000	313,233,000	294,365,000	293,987,000	272,861,000	272,861,000	272,861,000	272,861,000	135,047,000	135,047,000	135,047,000	135,047,000	135,047,000	135,047,000
other intangible assets	1,088,200,000	1,135,100,000	1,183,100,000	1,313,800,000	1,362,000,000	1,458,700,000	1,443,400,000	1,393,800,000	1,473,600,000	1,513,689,000	1,555,005,000	1,643,296,000	1,690,916,000	1,738,570,000	1,413,377,000	1,552,012,000	1,444,696,000	1,487,829,000	1,528,606,000	1,575,050,000	1,615,206,000	1,514,360,000	1,382,279,000	1,034,194,000	1,069,116,000	1,103,330,000	1,119,768,000	1,154,047,000	1,155,631,000	1,192,093,000	1,228,670,000	1,265,468,000	1,293,124,000	448,685,000	461,599,000	470,712,000	443,027,000	461,727,000	472,062,000	498,045,000	471,860,000	195,254,000	201,737,000	208,997,000	209,074,000	215,699,000	233,616,000	241,810,000	137,197,000	109,778,000	105,627,000	109,656,000	109,037,000	120,929,000	124,096,000	124,727,000	126,814,000	31,923,000	33,367,000	34,815,000	36,101,000	37,315,000	38,642,000	39,922,000	41,421,000	34,090,000	35,862,000	20,932,000
deferred income taxes	16,900,000	16,800,000	22,200,000	16,000,000	14,600,000	13,700,000	11,600,000	10,800,000	13,364,000	20,667,000	7,010,000	5,635,000	36,431,000	34,166,000	21,050,000	17,524,000	8,514,000	8,789,000	16,335,000	12,833,000	12,713,000	11,691,000	11,091,000	9,643,000	8,610,000	6,410,000	6,914,000	7,752,000	8,462,000	8,146,000	7,042,000	6,934,000	43,362,000	7,518,000	9,168,000	10,303,000	9,675,000	11,415,000	10,270,000	5,764,000	3,776,000	72,842,000	78,285,000	88,965,000	92,693,000	98,424,000	91,143,000	100,128,000	104,425,000	113,048,000	141,664,000	143,524,000	144,170,000	159,245,000	163,562,000	161,156,000	160,462,000	168,166,000	176,579,000	183,602,000	182,816,000	187,957,000	238,488,000	239,957,000	277,312,000	301,291,000	278,997,000	283,092,000	360,166,000	365,956,000	371,654,000	377,276,000	383,889,000	506,678,000	507,417,000	513,018,000	495,497,000	489,377,000	495,111,000
other assets	218,200,000	214,700,000	221,200,000	162,200,000	158,400,000	149,000,000	241,000,000	240,400,000	246,000,000	250,243,000	243,296,000	231,147,000	229,858,000	218,389,000	195,127,000	197,227,000	174,042,000	179,242,000	184,404,000	184,024,000	184,413,000	186,340,000	363,849,000	284,229,000	143,342,000	142,725,000	144,790,000	327,831,000	344,058,000	329,250,000	342,752,000	341,638,000	270,142,000	209,651,000	208,263,000	225,581,000	253,497,000	206,559,000	201,120,000	175,506,000	199,210,000	159,643,000	163,214,000	154,892,000	139,805,000	109,275,000	105,085,000	90,538,000	93,213,000	90,562,000	48,063,000	38,383,000	35,499,000	37,154,000	28,879,000	26,499,000	27,639,000	19,338,000	18,169,000	20,823,000	17,869,000	18,685,000	18,744,000	16,810,000	19,831,000	18,799,000	15,222,000	15,044,000	15,630,000	18,385,000	13,663,000	13,239,000	15,232,000	11,559,000	13,106,000	10,088,000
total assets	14,399,500,000	14,433,300,000	14,673,500,000	13,961,400,000	14,246,900,000	13,882,100,000	13,900,400,000	13,348,000,000	11,529,229,000	11,909,148,000	12,322,921,000	10,306,828,000	9,514,131,000	9,227,610,000	8,316,733,000	8,183,361,000	8,313,912,000	7,906,739,000	7,698,155,000	8,298,418,000	8,541,306,000	8,573,149,000	7,955,242,000	6,770,595,000	7,159,742,000	6,951,977,000	6,755,620,000	6,739,175,000	6,541,128,000	6,343,751,000	6,175,762,000	5,997,097,000	6,333,690,000	4,262,421,000	4,143,777,000	3,857,946,000	4,348,504,000	4,179,773,000	4,252,977,000	4,118,347,000	4,579,562,000	3,886,652,000	3,700,418,000	3,433,043,000	3,657,457,000	3,448,927,000	3,480,388,000	3,106,684,000	3,062,433,000	2,715,638,000	2,514,041,000	2,278,060,000	2,474,080,000	2,563,209,000	2,397,126,000	2,097,951,000	2,077,684,000	1,639,019,000	1,564,785,000	1,499,662,000	1,555,861,000	1,567,619,000	1,434,670,000	1,611,855,000	2,145,110,000	2,355,494,000	2,006,367,000	1,785,076,000	1,855,604,000	1,879,092,000	1,643,764,000	1,551,015,000	1,584,223,000	1,608,697,000	1,448,789,000	1,420,421,000	1,535,124,000	1,327,578,000	1,238,069,000
liabilities and stockholders’ equity
accounts payable	1,070,400,000	1,460,400,000	1,429,100,000	1,365,500,000	1,734,100,000	1,479,100,000	1,742,700,000	1,506,700,000	1,365,776,000	1,561,033,000	1,958,545,000	1,021,911,000	1,289,591,000	1,247,995,000	1,123,018,000	778,207,000	893,766,000	833,782,000	745,884,000	969,816,000	1,224,737,000	1,225,558,000	1,093,128,000	814,742,000	1,160,661,000	1,015,226,000	947,317,000	811,362,000	849,326,000	727,587,000	674,114,000	617,118,000	711,101,000	553,522,000	451,781,000	378,811,000	518,892,000	596,526,000	525,263,000	425,956,000	658,443,000	698,977,000	646,721,000	512,878,000	706,927,000	725,454,000	718,121,000	527,838,000	586,941,000	523,743,000	553,401,000	409,226,000	525,920,000	579,110,000	552,869,000	379,855,000	415,883,000	376,730,000	358,075,000	283,149,000	348,883,000	366,189,000	290,719,000	249,067,000	599,123,000	692,306,000	530,963,000	363,189,000	418,993,000	433,184,000	353,359,000	297,102,000	360,007,000	396,127,000	323,698,000	254,381,000	359,758,000	282,548,000	244,708,000
accrued expenses and other current liabilities	695,200,000	665,900,000	689,200,000	679,900,000	702,900,000	802,700,000	745,100,000	733,500,000	643,904,000
restricted cash payable	771,500,000	667,400,000	751,000,000	775,700,000	1,095,100,000	1,253,500,000	1,158,400,000	1,217,000,000	937,147,000	942,153,000	815,520,000	668,014,000	627,217,000	574,934,000	412,451,000	477,620,000	193,615,000	178,170,000	165,205,000	170,449,000	139,785,000	131,794,000	138,804,000
short-term deposits	5,423,100,000	5,152,900,000	5,095,600,000	4,461,500,000	4,288,800,000	3,942,800,000	4,252,800,000	4,154,200,000	3,144,602,000	3,145,770,000	2,885,727,000	2,026,420,000	1,016,327,000	1,109,222,000	1,043,457,000	911,395,000	1,080,136,000	1,155,160,000	1,137,123,000	1,310,813,000	1,158,643,000	1,087,795,000	835,338,000	927,444,000	878,071,000	828,243,000	778,858,000
short-term debt	1,326,400,000	1,306,800,000	1,532,500,000	1,435,400,000	1,248,600,000	1,041,100,000	957,300,000	723,000,000	202,638,000	156,483,000	175,834,000	155,769,000	183,244,000	146,470,000	354,298,000	152,730,000	127,084,000	119,374,000	147,219,000	248,531,000	196,586,000	173,627,000	184,357,000	216,517,000	238,864,000	379,538,000	300,710,000
total current liabilities	9,286,600,000	9,253,400,000	9,497,400,000	8,718,100,000	9,069,600,000	8,519,200,000	8,856,300,000	8,334,400,000	6,294,067,000	6,414,257,000	6,398,878,000	4,399,699,000	3,604,635,000	3,515,759,000	3,307,745,000	2,740,853,000	2,672,409,000	2,589,622,000	2,485,719,000	3,049,943,000	3,113,314,000	3,037,054,000	2,616,428,000	2,311,571,000	2,612,465,000	2,549,312,000	2,356,889,000
long-term debt	3,532,000,000	3,719,100,000	3,909,100,000	3,143,300,000	2,959,600,000	2,827,500,000	2,650,100,000	2,499,100,000	2,522,206,000	2,644,478,000	2,761,531,000	2,695,365,000	2,802,317,000	2,867,270,000	2,508,311,000	2,874,113,000	2,879,474,000	2,653,887,000	2,672,335,000	2,686,513,000	2,700,649,000	2,764,800,000	2,809,361,000	2,133,923,000	2,140,875,000	2,125,109,000	2,132,283,000
other liabilities	159,100,000	167,800,000	139,300,000	285,000,000	301,600,000	455,500,000	441,700,000	446,500,000	587,104,000	573,849,000	575,765,000	273,706,000	266,221,000	264,250,000	152,454,000	164,546,000	134,476,000	128,766,000	117,633,000	106,422,000	107,183,000	109,825,000	108,949,000	32,261,000	29,897,000	28,991,000	33,774,000	24,576,000	20,178,000	17,329,000	18,447,000	18,719,000	14,411,000	13,146,000	10,034,000	10,756,000	10,793,000	10,837,000	12,516,000	13,372,000	14,337,000	9,514,000	21,370,000	16,372,000	15,822,000	19,728,000	22,601,000	20,546,000	14,992,000	5,793,000	16,287,000	15,749,000	5,742,000	6,256,000	6,568,000	6,712,000	7,922,000	1,767,000	1,996,000	1,815,000	1,696,000	1,464,000	1,355,000	3,083,000	3,202,000	3,421,000	3,590,000	4,544,000	4,528,000	4,350,000	4,633,000	1,170,000	1,147,000	1,163,000	1,204,000	331,000	420,000	404,000	482,000
total liabilities	13,165,000,000	13,314,900,000	13,694,700,000	12,284,000,000	12,463,300,000	12,061,500,000	12,204,100,000	11,579,300,000	9,879,716,000	10,278,062,000	10,506,554,000	8,213,949,000	7,478,399,000	7,244,751,000	6,285,891,000	6,148,225,000	6,109,689,000	5,819,056,000	5,661,536,000	6,205,017,000	6,543,118,000	6,611,859,000	6,038,361,000	4,974,671,000	5,310,485,000	5,159,981,000	4,985,431,000	5,018,617,000	4,908,174,000	4,764,110,000	4,626,544,000	4,491,350,000	4,815,485,000	3,125,670,000	3,012,454,000	2,762,265,000	3,281,583,000	3,076,827,000	3,189,105,000	3,024,036,000	3,505,810,000	2,877,986,000	2,744,175,000	2,511,017,000	2,755,829,000	2,601,728,000	2,631,590,000	2,267,091,000	2,256,283,000	1,958,699,000	1,769,097,000	1,568,745,000	1,813,795,000	1,924,240,000	1,812,232,000	1,538,944,000	1,555,245,000	1,145,932,000	1,093,018,000	1,058,346,000	1,127,687,000	1,160,717,000	1,127,890,000	1,317,193,000	1,907,009,000	2,189,357,000	1,817,602,000	1,580,817,000	1,647,690,000	1,685,487,000	1,464,887,000	1,367,888,000	1,423,173,000	1,510,471,000	1,362,025,000	1,345,682,000	1,493,619,000	1,280,990,000	1,206,914,000
commitments and contingencies
stockholders’ equity
common stock 0.01 par value...	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	495,000	495,000	495,000	492,000	491,000	491,000	489,000	485,000	485,000	479,000	479,000	477,000	477,000	477,000	476,000	475,000	475,000	475,000	475,000	473,000	473,000	473,000	473,000	472,000	472,000	431,000	431,000	431,000	431,000	431,000	431,000	430,000	430,000	430,000	430,000	429,000	429,000	429,000	428,000	426,000	425,000	425,000	424,000	423,000	422,000	422,000	422,000	419,000	419,000	418,000	417,000	412,000	411,000	411,000	411,000	410,000	409,000	409,000	409,000	408,000	407,000	407,000	406,000	404,000	404,000	404,000	403,000	402,000	402,000	402,000	402,000
additional paid-in capital	1,208,900,000	1,190,100,000	1,160,600,000	1,068,300,000	1,099,600,000	1,053,000,000	1,018,300,000	981,300,000	928,008,000	907,486,000	880,518,000	844,051,000	830,074,000	808,701,000	850,108,000	872,711,000	848,684,000	695,053,000	680,726,000	675,060,000	661,696,000	651,944,000	635,046,000	593,262,000	584,047,000	574,818,000	567,038,000	569,319,000	561,155,000	552,733,000	545,135,000	547,627,000	542,010,000	181,343,000	176,455,000	174,972,000	172,788,000	183,655,000	179,590,000	179,077,000	177,305,000	172,445,000	169,122,000	168,891,000	166,615,000	163,747,000	160,627,000	162,470,000	157,058,000	153,308,000	150,628,000	146,282,000	144,040,000	141,136,000	138,611,000	132,583,000	129,136,000	126,223,000	124,236,000	112,063,000	110,895,000	109,178,000	100,766,000	100,359,000	100,615,000	99,448,000	98,636,000	98,174,000	96,490,000	94,098,000	91,059,000	89,325,000	85,984,000	57,369,000	55,689,000	55,020,000	50,204,000	49,666,000	49,279,000
retained earnings	2,370,800,000	2,286,700,000	2,206,400,000	2,002,800,000	1,899,900,000	1,757,100,000	1,672,200,000	1,653,800,000	1,490,527,000	1,401,836,000	1,445,981,000	1,289,089,000	1,300,849,000	1,252,531,000	1,286,387,000	1,286,976,000	1,521,176,000	1,587,016,000	1,514,358,000	1,539,201,000	1,484,753,000	1,470,134,000	1,456,327,000	1,481,593,000	1,550,577,000	1,493,255,000	1,453,957,000	1,404,683,000	1,324,994,000	1,291,022,000	1,273,935,000	1,244,271,000	1,238,984,000	1,219,287,000	1,206,720,000	1,183,634,000	1,162,733,000	1,130,567,000	1,104,075,000	1,081,730,000	1,033,837,000	959,394,000	916,061,000	879,519,000	845,051,000	801,213,000	759,000,000	730,311,000	701,258,000	686,960,000	656,625,000	633,389,000	600,596,000	552,497,000	511,882,000	499,767,000	481,299,000	460,728,000	430,692,000	412,138,000	400,009,000	376,646,000	283,456,000	272,479,000	207,328,000	134,984,000	159,367,000	144,839,000	142,173,000	119,928,000	101,599,000	93,262,000	74,303,000	39,859,000	30,003,000	18,653,000	-9,674,000	-3,489,000	-18,473,000
accumulated other comprehensive loss	-128,100,000	-141,200,000	-171,100,000	-145,800,000	-281,200,000	-229,200,000	-385,500,000	-307,700,000	-306,338,000	-356,781,000	-257,686,000	-122,517,000	-114,827,000	-94,459,000	-89,493,000	-82,935,000	-113,073,000	-133,261,000	-156,384,000	-115,449,000	-132,160,000	-117,248,000	-112,882,000	-117,291,000	-123,260,000	-114,079,000	-89,150,000	-90,795,000	-89,772,000	-100,569,000	-106,258,000	-122,839,000	-102,533,000			-103,451,000				-50,581,000			-1,422,000															-808,000	-568,000	-287,000	-131,000	-573,000	-1,111,000	-1,844,000	-1,149,000
treasury stock	-2,217,600,000	-2,217,700,000	-2,217,600,000	-1,248,300,000	-935,300,000	-760,800,000	-609,200,000	-559,200,000	-463,179,000	-321,950,000	-252,941,000	-172,342,000	-172,342,000	-172,342,000	-172,342,000	-172,342,000	-172,342,000	-172,342,000	-172,342,000	-172,342,000	-172,342,000	-172,342,000	-172,342,000	-172,342,000	-172,342,000	-172,342,000	-172,342,000	-172,342,000	-172,342,000	-172,342,000	-172,342,000	-172,342,000				-172,342,000				-150,331,000				-130,566,000
total stockholders’ equity	1,234,500,000	1,118,400,000	978,700,000	1,677,500,000	1,783,500,000	1,820,600,000	1,696,300,000	1,768,700,000	1,649,513,000	1,631,086,000	1,816,367,000	1,838,773,000	1,844,245,000	1,794,922,000	1,888,226,000	1,917,917,000	2,097,003,000	1,987,879,000	1,876,974,000	1,936,522,000	1,851,970,000	1,843,563,000	1,816,888,000	1,795,924,000	1,849,257,000	1,791,996,000	1,770,189,000	1,720,558,000	1,632,954,000	1,579,641,000	1,549,218,000	1,505,747,000	1,518,205,000	1,136,751,000	1,131,323,000	1,095,681,000	1,066,921,000	1,087,954,000	1,050,225,000	1,077,721,000	1,055,769,000	988,934,000	936,905,000	903,297,000	881,866,000	827,549,000	826,943,000	817,931,000		756,939,000	744,944,000		660,285,000	638,969,000	584,894,000	559,007,000	522,439,000	493,087,000	471,767,000	441,316,000	428,174,000	406,902,000	306,780,000	294,662,000	238,101,000	166,137,000	188,765,000	204,259,000	207,914,000	193,605,000	178,877,000	183,127,000	161,050,000	98,226,000	86,764,000
total liabilities and stockholders’ equity	14,399,500,000	14,433,300,000	14,673,500,000	13,961,400,000	14,246,900,000	13,882,100,000	13,900,400,000	13,348,000,000	11,529,229,000	11,909,148,000	12,322,921,000	10,306,828,000	9,514,131,000	9,227,610,000	8,316,733,000	8,183,361,000	8,313,912,000	7,906,739,000	7,698,155,000	8,298,418,000	8,541,306,000	8,573,149,000	7,955,242,000	6,770,595,000	7,159,742,000	6,951,977,000	6,755,620,000	6,739,175,000	6,541,128,000	6,343,751,000	6,175,762,000	5,997,097,000	6,333,690,000	4,262,421,000	4,143,777,000	3,857,946,000	4,348,504,000	4,179,773,000	4,252,977,000	4,118,347,000	4,579,562,000	3,886,652,000	3,700,418,000	3,433,043,000	3,657,457,000	3,448,927,000	3,480,388,000	3,106,684,000	3,062,433,000	2,715,638,000	2,514,041,000	2,278,060,000	2,474,080,000	2,563,209,000	2,397,126,000	2,097,951,000	2,077,684,000	1,639,019,000	1,564,785,000	1,499,662,000	1,555,861,000	1,567,619,000	1,434,670,000	1,611,855,000	2,145,110,000	2,355,494,000	2,006,367,000	1,785,076,000	1,855,604,000	1,879,092,000	1,643,764,000	1,551,015,000	1,584,223,000	1,608,697,000	1,448,789,000
long-term deposits						129,800,000	115,500,000	167,700,000	334,183,000	489,942,000	588,932,000	652,214,000	600,496,000	401,440,000	118,591,000	148,591,000	211,775,000	264,198,000	173,399,000	143,399,000	416,295,000	500,555,000	300,349,000	345,231,000	386,770,000	326,303,000	330,043,000
redeemable non-controlling interest												254,106,000	191,487,000	187,937,000	142,616,000	117,219,000	107,220,000	99,804,000	159,645,000	156,879,000	146,218,000	117,727,000	99,993,000															14,992,000	13,647,000	16,590,000	17,983,000	19,732,000	19,338,000
accrued expenses										567,036,000	529,865,000	476,971,000	432,879,000	384,306,000	321,081,000	362,472,000	322,388,000	253,013,000	242,651,000	315,642,000	305,855,000	333,072,000	278,413,000	325,801,000	308,021,000	304,346,000	298,179,000	323,222,000	318,402,000	330,835,000	290,808,000	331,579,000	287,523,000	215,480,000	165,378,000	156,180,000	184,927,000	125,865,000	119,853,000	137,227,000	119,804,000	100,781,000	86,423,000	92,335,000	79,754,000	73,860,000	63,514,000	60,532,000	50,010,000	48,040,000	50,721,000	54,738,000	57,496,000	53,208,000	44,639,000	41,133,000	42,220,000	28,004,000	25,024,000	30,861,000	28,506,000	24,592,000	28,425,000	34,931,000	33,309,000	31,093,000	31,173,000	35,310,000	31,570,000	21,831,000	18,877,000	26,065,000	23,855,000	19,721,000	17,438,000	22,197,000	20,105,000	17,408,000	17,016,000
other current liabilities										41,782,000	33,387,000	50,614,000	55,377,000	52,832,000	53,440,000	58,429,000	55,420,000	50,123,000	47,637,000	34,692,000	87,708,000	85,208,000	86,388,000	27,067,000	26,848,000	21,959,000	31,825,000
total wex inc. stockholders’ equity												1,838,773,000	1,844,245,000	1,794,922,000	1,875,149,000	1,904,895,000	2,084,930,000	1,976,945,000	1,866,837,000	1,926,947,000	1,842,424,000	1,832,965,000	1,806,625,000	1,785,697,000	1,839,497,000	1,782,127,000	1,759,978,000
non-controlling interest															13,077,000	13,022,000	12,073,000	10,934,000	10,137,000	9,575,000	9,546,000	10,598,000	10,263,000	10,227,000	9,760,000	9,869,000	10,211,000	9,220,000	8,446,000	8,324,000	8,275,000	8,558,000	11,614,000	12,052,000	13,028,000	12,437,000	12,332,000	13,165,000	13,644,000	17,396,000	19,271,000	859,000	228,000
income taxes receivable																													12,904,000	9,038,000	9,792,000	10,765,000	11,006,000	11,006,000	6,830,000				9,506,000	6,859,000											714,000	7,755,000	7,246,000					529,000				4,359,000	2,178,000	7,903,000	912,000			3,320,000
available-for-sale securities																												23,358,000	23,584,000	23,653,000	23,413,000	23,525,000	24,160,000	24,405,000	19,178,000	18,562,000	18,738,000	18,672,000	19,011,000	18,940,000	18,740,000	18,808,000	16,058,000	15,963,000	16,208,000	16,735,000	15,788,000	16,350,000	16,223,000	16,612,000	16,751,000	17,044,000	17,021,000	10,503,000	10,712,000	9,202,000	9,357,000	9,639,000	10,072,000	10,596,000	10,938,000	11,137,000	12,306,000	12,533,000	12,760,000	10,130,000	9,279,000	9,494,000	8,185,000	7,443,000	7,766,000	8,023,000	8,050,000	5,987,000	6,184,000	20,878,000
income taxes payable																												1,076,000					2,181,000			2,732,000	8,911,000	3,032,000			9,386,000	14,333,000	22,424,000	16,066,000	14,228,000	4,873,000	10,978,000	10,151,000	9,434,000	10,180,000				7,380,000	5,393,000	3,638,000	5,614,000		1,331,000	1,758,000	160,000					1,197,000	151,000					813,000
deposits																												1,293,854,000	1,091,530,000	1,122,671,000	1,040,675,000	1,118,823,000	1,286,595,000	937,707,000	1,041,695,000	870,518,000	1,189,314,000	905,193,000	1,133,569,000	979,553,000	1,468,734,000	1,251,377,000	1,190,223,000	1,088,930,000	1,158,196,000	987,819,000	1,025,621,000	890,345,000	1,206,114,000	961,615,000	706,739,000	693,654,000	700,766,000	768,461,000	657,823,000	529,800,000	495,050,000	519,565,000	406,233,000	423,287,000	421,982,000	406,165,000	350,855,000	540,146,000	665,739,000	727,726,000	533,862,000	599,089,000	555,964,000	599,751,000	387,801,000	394,699,000	381,335,000	414,316,000	284,355,000	338,251,000	413,922,000	294,520,000	217,426,000
securitized debt																												126,901,000	122,475,000	104,525,000	92,676,000	84,323,000	83,868,000	73,327,000	75,053,000	82,018,000	78,303,000	89,176,000
revolving line-of-credit facility and term loans																												1,707,064,000
notes outstanding																												396,269,000	396,085,000	395,902,000	395,718,000	395,534,000	395,351,000	395,167,000	394,983,000	400,000,000	400,000,000	400,000,000	400,000,000	400,000,000	400,000,000	400,000,000	400,000,000	400,000,000	400,000,000	400,000,000	400,000,000
other debt																												194,737,000	166,264,000	149,063,000	107,699,000	125,755,000	108,127,000	62,149,000	50,561,000	50,046,000	50,340,000	51,446,000	51,160,000	52,975,000	54,662,000	30,108,000
amounts due under tax receivable agreement																												20,273,000	38,375,000	41,403,000	47,302,000	47,302,000	49,612,000	52,173,000	57,537,000	57,537,000	60,319,000	64,516,000	69,637,000	69,637,000	72,012,000	73,036,000	77,785,000	77,785,000	79,705,000	82,491,000	86,894,000	86,550,000	86,518,000	88,628,000	92,763,000	92,763,000	94,958,000	96,105,000	100,145,000	100,145,000	102,194,000	103,848,000	107,753,000	107,753,000	110,460,000	112,354,000
total wex inc. stockholders' equity																												1,711,338,000
borrowed federal funds																													28,462,000									50,500,000										48,400,000			47,226,000	6,900,000	68,713,000	9,400,000		59,484,000	64,994,000	24,818,000	76,603,000	71,723,000	40,300,000	48,153,000			31,480,000	74,991,000	96,178,000	8,175,000		25,350,000	94,244,000	65,396,000	22,376,000	9,350,000	48,704,000	39,027,000		6,583,000	20,369,000
revolving line of credit facilities and term loans																													1,727,472,000	1,740,201,000	1,795,640,000
fuel price derivatives, at fair value																																				5,007,000	13,417,000	16,668,000	31,624,000	40,969,000	6,782,000	9,431,000	4,535,000	7,358,000	488,000	2,238,000	7,611,000		428,000	11,003,000		410,000	2,908,000	17,820,000	31,695,000			5,865,000	2,935,000	6,152,000	20,149,000	20,249,000	42,823,000	49,294,000	36,946,000	119,318,000	45,173,000
revolving line-of-credit facilities and term loans																																1,599,291,000	1,702,265,000
less treasury stock at cost; 4,428 shares in 2016 and 2015																																	-172,342,000	-172,342,000
revolving line-of-credit facilities and term loan																																		727,639,000	670,969,000	669,755,000	709,219,000	720,970,000	815,872,000	901,564,000	683,825,000	277,500,000	281,250,000	285,000,000	288,750,000	292,500,000	296,250,000	621,000,000	300,000,000	320,700,000	288,400,000	295,300,000	360,200,000	386,500,000	413,100,000	407,300,000
accumulated other comprehensive income																																		-104,020,000	-92,969,000		-109,021,000	-67,522,000	-75,173,000		-24,743,000	6,137,000		-15,495,000	337,000	-7,274,000	37,454,000	37,379,000	37,951,000	28,901,000	38,634,000	30,588,000	16,594,000	46,281,000	35,346,000	27,605,000										-1,648,000	-2,591,000	-1,451,000	-732,000	-185,000	-29,000	136,000	359,000	594,000	669,000	664,000	573,000	9,000	-53,000
less treasury stock at cost; 4,428 shares in 2016 and 4,428 shares in 2015																																			-172,342,000
less treasury stock at cost; 4,428 shares in 2015 and 4,218 shares in 2014																																					-172,342,000	-172,342,000	-172,342,000
acquisition deposit																																									77,224,000
less treasury stock at cost; 4,218 shares in 2014 and 4,007 shares in 2013																																									-150,331,000	-150,331,000
less treasury stock at cost; 4,188 shares in 2014 and 4,007 shares in 2013																																											-147,514,000
redeemable noncontrolling interest																																												18,729,000	19,762,000	19,650,000	21,855,000	21,662,000	22,113,000
noncontrolling interest																																												519,000
less treasury stock at cost; 4,007 shares in 2013 and 3,766 in 2012																																													-130,566,000	-130,566,000
less treasury stock at cost, 4,007 shares in 2013 and 3,766 shares 2012																																															-130,566,000
less treasury stock at cost; 3,766 shares in 2012 and 3,566 in 2011																																																-112,655,000
wex inc. stockholders’ equity
other comprehensive income, net of tax:
net unrealized gain on available-for-sale securities																																																	314,000	270,000	184,000	200,000	236,000	148,000	80,000	92,000	148,000	131,000	57,000	23,000			4,000				3,000									-84,000	-57,000	-4,000	-53,000
net unrealized loss on interest rate swaps																																																				-60,000	-116,000	-229,000	-298,000	-368,000	-520,000	-272,000	-293,000	-176,000	-161,000	-328,000	-1,036,000	-1,736,000	-1,050,000	-1,545,000	-2,599,000
net foreign currency translation adjustment																																																	37,637,000	28,631,000	38,450,000	30,448,000	16,474,000	46,362,000	35,564,000	27,881,000	13,324,000	-667,000	-332,000	-134,000	-32,000	-229,000	-79,000	-55,000	-8,000	7,000	5,000	15,000	13,000
less treasury stock at cost, 3,766 shares in 2012 and 3,566 in 2011																																																	-112,655,000	-112,655,000
total equity																																																	784,037,000
less treasury stock at cost, 3,566 shares in 2012 and 2011																																																			-101,367,000
less treasury stock at cost; 3,566 shares in 2011 and 2010																																																				-101,367,000
total stockholders' equity																																																				709,315,000
less treasury stock at cost, 3,566 shares in 2011 and 2010																																																					-101,367,000	-101,367,000	-101,367,000
redeemable preferred stock
less treasury stock at cost; 3,566 shares in 2010 and 2,971 shares in 2009																																																								-101,367,000
revolving line-of-credit facility and term loan																																																									420,500,000
other comprehensive loss, net of tax:
accumulated other comprehensive gain																																																									12,952,000
less treasury stock at cost, 3,566 shares in 2010 and 2,971 shares in 2009																																																									-101,367,000
revolving line-of-credit facility																																																										91,200,000	112,400,000		165,700,000	191,800,000	136,600,000		212,200,000	218,900,000	247,000,000				45,000,000	20,000,000	51,000,000	48,000,000	52,000,000	53,000,000	50,000,000	50,000,000	50,000,000
preferred stock; 10,000 shares authorized:
series a non-voting convertible, redeemable preferred stock; 0.1 shares issued and outstanding																																																												10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000
less treasury stock at cost, 3,305 shares in 2010 and 2,971 shares in 2009																																																										-93,474,000
series a non-voting convertible, redeemable preferred stock;
no shares issued and outstanding in 2010, 0.1 shares issued and outstanding in 2009
less treasury stock at cost, 2,722 shares in 2010 and 2009																																																											-83,010,000
revolving line-of-credit facilities																																																												128,000,000				170,600,000				199,400,000	206,700,000	164,600,000
less treasury stock at cost, 2,971 shares in 2009 and 2,722 shares in 2008																																																												-83,010,000	-83,010,000
net unrealized loss on available-for-sale securities																																																													62,000	-16,000		-53,000	-91,000	-110,000		-49,000	-123,000	-185,000	-90,000	-98,000	-103,000	-202,000	-147,000
less treasury stock at cost, 2,804 shares in 2009 and 2,722 shares in 2008																																																														-78,760,000
amounts due to avis under tax receivable agreement																																																															309,936,000	309,366,000	315,010,000	310,405,000	319,512,000	319,512,000	401,160,000	407,315,000	416,743,000
less treasury stock at cost, 2,722 shares in 2009 and 2008																																																															-76,742,000
less treasury stock at cost, 2,722 shares in 2008 and 1,173 shares in 2007																																																																-76,742,000
less treasury stock at cost, 2,207 shares in 2008 and 1,173 shares in 2007																																																																	-69,102,000
less treasury stock at cost, 2,136 shares in 2008 and 1,173 shares in 2007																																																																		-67,056,000	-67,056,000
term loan																																																																							119,115,000	129,760,000	140,560,000	151,398,000	162,213,000	167,508,000	177,360,000	182,674,000	197,128,000
derivative instruments, at fair value																																																																				41,598,000	18,775,000	19,106,000	15,115,000	4,524,000	14,534,000	45,598,000	38,136,000	36,710,000	57,566,000	27,821,000	34,374,000
net unrealized gain on interest rate swaps																																																																				-1,417,000	-622,000		61,000	234,000	462,000	796,000	816,000	748,000	630,000	13,000
less treasury stock at cost, 1,173 shares in 2007 and no shares in 2006																																																																				-37,711,000
intangible assets																																																																					21,613,000	2,421,000	2,421,000	2,421,000	2,421,000	2,421,000	2,421,000	2,421,000
less treasury stock at cost, 972 shares in 2007 and no shares in 2006																																																																					-30,424,000
less treasury stock at cost, 699 shares in 2007 and no shares in 2006																																																																						-20,643,000
less treasury stock at cost, 489 shares in 2007 and no shares in 2006																																																																							-14,158,000
income tax refunds receivable																																																																												3,300,000
amounts due to avis (formerly cendant) under tax receivable agreement																																																																								418,359,000
amounts due to cendant corporation under tax receivable agreement																																																																									418,359,000	414,798,000
series a non-voting convertible preferred stock; 0.1 shares authorized, issued and outstanding																																																																									10,000,000	10,000,000	10,000,000
amounts due to cendant under tax receivable agreement																																																																											424,277,000	424,277,000	404,488,000	409,032,000	415,411,000
due from related parties
liabilities and stockholders’ or member’s equity
due to related parties
series a non-voting convertible, redeemable preferred stock; 0.1 shares authorized, issued and outstanding																																																																												10,000,000	10,000,000
stockholders’ or member’s equity
member’s contribution
total stockholders’ or member’s equity																																																																												74,739,000	41,505,000	46,588,000	31,155,000
total liabilities and stockholders’ or member’s equity																																																																												1,420,421,000	1,535,124,000	1,327,578,000	1,238,069,000
revenues
payment processing revenue																																																																												173,416,000	50,271,000	41,809,000	34,809,000
transaction processing revenue																																																																												17,136,000	4,526,000	4,288,000	4,107,000
account servicing revenue																																																																												22,935,000	5,868,000	5,792,000	5,619,000
finance fees																																																																												15,769,000	4,143,000	3,052,000	3,195,000
other																																																																												12,077,000	2,587,000	2,370,000	4,472,000
total revenues																																																																												241,333,000	67,395,000	57,311,000	52,202,000
expenses
salary and other personnel																																																																												59,986,000	13,463,000	13,450,000	18,717,000
service fees																																																																												11,924,000	3,045,000	3,005,000	3,542,000
benefit from credit losses																																																																												8,813,000	2,326,000	1,940,000	2,937,000
technology leasing and support																																																																												8,590,000	2,270,000	2,099,000	2,077,000
occupancy and equipment																																																																												5,874,000	1,569,000	1,432,000	1,442,000
postage and shipping																																																																												2,983,000
communications																																																																												2,067,000
depreciation and amortization																																																																												9,918,000	2,526,000	2,684,000	1,972,000
operating interest expense																																																																												14,519,000	4,139,000	3,192,000	2,261,000
operating interest income
total operating expenses																																																																												134,716,000
operating income																																																																												106,617,000	34,070,000	26,027,000	15,335,000
financing interest expense																																																																												-12,966,000	-3,740,000	-4,133,000	-1,386,000
net realized and unrealized losses on derivative instruments																																																																												-65,778,000
income before income taxes																																																																												27,873,000	-8,120,000	24,552,000	-30,253,000
benefit from income taxes																																																																												9,220,000
net income																																																																												18,653,000	-6,185,000	14,984,000	-18,473,000
earnings per share
basic																																																																												460	-150	370	-460
diluted																																																																												460	-150	370	-460
weighted-average common shares outstanding
all other assets																																																																													32,431,000	30,786,000	31,075,000
total expenses																																																																													33,325,000	31,284,000	36,867,000
realized and unrealized losses on derivative instruments																																																																													-38,450,000		-44,202,000
benefit for income taxes																																																																													-1,935,000	9,568,000	-11,780,000
preferred stock; 10,000,000 shares authorized:
series a non-voting convertible, redeemable preferred stock; 100 shares authorized, issued and outstanding																																																																														10,000,000
realized and unrealized gains on derivative instruments																																																																														2,658,000
series a non-voting convertible preferred stock; 100 shares authorized, issued and outstanding																																																																															10,000,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2024-09-30	2023-12-31	2023-09-30	2022-12-31	2022-09-30	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31

cash flows from operating activities
net income	84,300,000	80,200,000	103,000,000	84,900,000	18,400,000	88,691,000	-44,145,000	50,860,000	51,868,000	10,206,000	23,205,000	-223,891,000	-57,717,000	13,393,000	-12,269,000	64,787,000	42,447,000	31,851,000	16,208,000	23,720,000	57,282,000	39,440,000	49,334,000	79,594,000	33,860,000	16,640,000	29,076,000	3,139,000	19,204,000	11,912,000	23,221,000	21,397,000	41,782,000	26,400,000	20,033,000	47,239,000	73,850,000	42,849,000	36,080,000	33,891,000	43,778,000	42,052,000	28,577,000	28,854,000	14,284,000	30,335,000	23,236,000	32,792,000	48,100,000	40,615,000	12,115,000	18,468,000	20,571,000	30,036,000	18,554,000	12,129,000	23,363,000	93,190,000	10,977,000	65,151,000	72,344,000	-24,383,000	14,528,000	2,666,000	22,245,000	18,329,000	8,337,000	18,959,000	34,444,000	9,856,000	11,350,000	28,327,000	-6,185,000	14,984,000	-18,473,000
adjustments to reconcile net income to net cash from operating activities:
stock-based compensation	22,500,000	33,500,000	28,600,000	35,300,000	30,500,000	21,136,000	28,156,000	14,508,000	21,735,000	20,629,000	17,886,000	19,229,000	17,882,000	14,219,000	12,533,000	12,215,000	8,735,000	15,158,000	9,703,000	9,230,000	8,797,000	6,905,000	8,955,000	8,133,000	8,483,000	7,414,000	6,457,000	5,430,000	5,199,000	4,870,000	4,243,000	2,193,000	3,067,000	3,942,000	3,218,000	3,701,000	4,549,000	3,117,000	2,423,000	2,547,000	2,494,000	1,982,000	2,406,000	2,210,000	2,655,000	2,727,000	3,424,000	1,938,000	2,855,000	2,314,000	2,260,000	2,014,000	2,435,000	1,431,000	1,545,000	1,397,000	1,477,000	1,498,000	1,364,000	1,302,000	1,083,000	1,423,000	1,408,000	1,358,000	1,004,000	1,145,000	1,001,000	1,870,000	849,000	846,000	707,000	560,000	403,000
depreciation and amortization	81,900,000	83,700,000	81,500,000	74,900,000	67,500,000	65,782,000	66,120,000	70,410,000	68,527,000	66,857,000	66,847,000	66,904,000	65,516,000	64,517,000	64,989,000	63,659,000	62,984,000	58,789,000	51,697,000	50,930,000	48,067,000	50,632,000	50,176,000	53,296,000	51,229,000	49,961,000	49,238,000	50,270,000														15,095,000	15,156,000	14,663,000	12,192,000	11,745,000	11,667,000	12,845,000	12,128,000	10,936,000	12,203,000	12,307,000	7,130,000	6,037,000	6,030,000	6,146,000	5,516,000	5,497,000	5,400,000	5,638,000	5,373,000	5,027,000	4,550,000	4,515,000	3,981,000	3,481,000	3,742,000	3,333,000	2,982,000	2,962,000	2,804,000	2,969,000	2,798,000	3,317,000	2,016,000
debt restructuring and debt issuance cost amortization and accretion expense
deferred tax provision
provision for credit losses	20,500,000	20,500,000	9,600,000	12,300,000		58,041,000	54,030,000	12,966,000	14,127,000	12,962,000	5,059,000	11,592,000	12,283,000	20,581,000	33,987,000	18,194,000	14,847,000	14,832,000	17,791,000	19,552,000	21,435,000	11,505,000	13,990,000	13,221,000	19,614,000	16,082,000	12,231,000																																	14,477,000	9,325,000	10,823,000	10,396,000	7,963,000	3,300,000	3,043,000	6,263,000	5,477,000	4,998,000	2,302,000	3,918,000	1,610,000	2,326,000	1,940,000	2,937,000
loss on extinguishment of convertible notes				0
unrealized loss on interest rate swaps
other non-cash adjustments	-32,800,000	33,300,000	-5,700,000	-46,800,000	27,000,000
changes in operating assets and liabilities, net of effects of business acquisitions:
accounts receivable and securitized accounts receivable				646,900,000	-429,800,000	545,044,000	553,537,000	179,105,000	-212,441,000	-360,418,000	-565,374,000	186,852,000	-239,028,000	156,414,000	488,709,000	521,482,000	-4,882,000	-344,587,000	-239,658,000
prepaid expenses and other current and other long-term assets				72,000,000	1,400,000	-18,159,000	-2,272,000	16,618,000	-946,000	25,223,000	-11,065,000	7,406,000	-3,806,000	21,744,000	-18,830,000	481,000	3,703,000	34,262,000	-7,109,000	-43,475,000	-6,465,000	885,000	117,069,000
accounts payable				-272,000,000	243,900,000	-219,756,000	-357,977,000	-264,488,000	42,986,000	123,906,000	350,563,000	-135,180,000	66,503,000	85,397,000	-200,428,000	-273,513,000	10,463,000	156,580,000	245,657,000	-375,009,000	150,512,000	87,193,000	133,716,000	-33,742,000	117,033,000	50,601,000	60,650,000	-93,909,000	2,866,000	98,289,000	68,561,000	-141,085,000	-69,787,000	67,340,000	110,331,000	-230,660,000	19,842,000	50,216,000	131,448,000	-191,649,000	-20,490,000	15,706,000	190,068,000	-204,243,000	49,060,000	-29,153,000	143,296,000	-119,206,000	-48,111,000	24,902,000	171,689,000	-42,507,000	-9,227,000	18,703,000	74,950,000	-65,742,000	-17,314,000	75,460,000	41,649,000	-350,056,000	-93,183,000	161,343,000	125,433,000	-55,804,000	-14,230,000	79,825,000	56,257,000	-62,905,000	-36,120,000	72,429,000	69,317,000	-105,377,000	77,210,000	37,840,000	47,061,000
accrued expenses and other current and long-term liabilities				50,800,000	12,400,000
income taxes				22,700,000	-16,200,000	-2,248,000	4,055,000	16,504,000	687,000	-9,173,000	-3,877,000	-8,614,000	17,533,000	342,000	5,822,000	2,754,000	-6,070,000	-7,797,000	-1,153,000	-6,637,000	2,010,000	2,428,000	92,000	14,306,000	-4,257,000	773,000	685,000	-1,621,000	2,066,000	-4,241,000	-10,818,000	-6,601,000	7,158,000	11,688,000	-1,558,000	-15,013,000	-4,050,000	-8,415,000	5,708,000	2,123,000	9,612,000	-4,925,000	776,000	456,000	-866,000	10,565,000	7,205,000	-938,000	-13,206,000	8,697,000	1,744,000	-7,098,000	7,309,000	-1,859,000	-424,000	-2,616,000	4,611,000	5,158,000	5,195,000	-6,991,000	-2,109,000	1,046,000	3,120,000	-2,876,000	3,006,000	-2,812,000	-1,465,000
net cash from operating activities	294,700,000	376,600,000	3,300,000	761,900,000	46,500,000	222,781,000	594,809,000	160,753,000	111,627,000	95,313,000	-217,295,000	82,563,000	48,510,000	385,723,000	340,223,000	457,936,000	125,829,000	9,296,000	70,110,000	217,096,000	260,989,000	-163,099,000	85,243,000	178,618,000	46,250,000	-32,740,000	-59,179,000	-70,258,000	-24,097,000	-143,191,000	86,415,000	197,515,000	194,570,000	-118,632,000	171,647,000	299,052,000	170,723,000	-95,606,000	-77,756,000	64,839,000	-57,688,000	3,834,000	28,566,000	97,117,000	25,247,000	-12,315,000	-38,238,000	125,643,000	34,305,000	-64,252,000	-44,528,000	-15,318,000	21,652,000	-23,204,000	6,320,000	32,984,000	17,705,000	-151,344,000	67,488,000	334,812,000	141,311,000	-146,509,000	9,565,000	-32,366,000	93,890,000	-119,799,000	-33,814,000	84,328,000	38,696,000	-75,511,000	12,936,000	-131,893,000	13,739,000	23,483,000	53,729,000
capital expenditures	-38,400,000	-35,000,000	-35,000,000	-41,900,000	-36,400,000	-37,399,000	-29,875,000	-30,557,000	-18,444,000	-18,760,000	-18,280,000	-20,820,000	-18,193,000	-20,793,000	-20,665,000	-23,765,000	-30,841,000	-19,869,000	-28,385,000	-33,736,000	-18,792,000	-19,854,000	-14,770,000	-23,181,000	-18,615,000	-15,787,000	-21,693,000	-16,783,000	-9,274,000	-15,248,000	-20,494,000	-16,374,000	-19,416,000	-15,627,000	-12,074,000	-18,730,000	-16,799,000	-11,222,000	-11,382,000	-9,333,000	0	-7,457,000	-5,560,000	-6,240,000	-5,862,000	-10,966,000	-4,968,000	-5,283,000	-7,445,000	-5,994,000	-6,423,000	-8,566,000	-6,923,000	-6,792,000	-6,663,000	-4,719,000	-4,225,000	-4,611,000	-4,293,000	-3,772,000	-3,679,000	-4,404,000		-4,147,000	-3,856,000	-4,591,000	-1,158,000	-3,736,000	-2,522,000	-3,561,000	-2,655,000	-3,118,000	-2,754,000	-2,418,000	-2,727,000
free cash flows	256,300,000	341,600,000	-31,700,000	720,000,000	10,100,000	185,382,000	564,934,000	130,196,000	93,183,000	76,553,000	-235,575,000	61,743,000	30,317,000	364,930,000	319,558,000	434,171,000	94,988,000	-10,573,000	41,725,000	183,360,000	242,197,000	-182,953,000	70,473,000	155,437,000	27,635,000	-48,527,000	-80,872,000	-87,041,000	-33,371,000	-158,439,000	65,921,000	181,141,000	175,154,000	-134,259,000	159,573,000	280,322,000	153,924,000	-106,828,000	-89,138,000	55,506,000	-57,688,000	-3,623,000	23,006,000	90,877,000	19,385,000	-23,281,000	-43,206,000	120,360,000	26,860,000	-70,246,000	-50,951,000	-23,884,000	14,729,000	-29,996,000	-343,000	28,265,000	13,480,000	-155,955,000	63,195,000	331,040,000	137,632,000	-150,913,000		-36,513,000	90,034,000	-124,390,000	-34,972,000	80,592,000	36,174,000	-79,072,000	10,281,000	-135,011,000	10,985,000	21,065,000	51,002,000
cash flows from investing activities
purchases of property, equipment and capitalized software	-38,400,000	-35,000,000	-35,000,000	-41,900,000	-36,400,000	-37,399,000	-29,875,000	-30,557,000	-18,444,000	-18,760,000	-18,280,000	-20,820,000	-18,193,000	-20,793,000	-20,665,000	-23,765,000	-30,841,000	-19,869,000	-28,385,000	-33,736,000	-18,792,000	-19,854,000	-14,770,000	-23,181,000	-18,615,000	-15,787,000	-21,693,000	-16,783,000	-9,274,000	-15,248,000	-20,494,000	-16,374,000	-19,416,000	-15,627,000	-12,074,000	-18,730,000	-16,799,000	-11,222,000	-11,382,000	-9,333,000
purchases of equity securities and other investments
purchases of available-for-sale debt securities	-801,700,000	-137,800,000	-388,700,000	-319,500,000	-86,600,000	-25,623,000	-38,450,000
sales and maturities of available-for-sale debt securities	596,300,000	188,500,000	105,900,000	49,500,000	29,700,000	12,880,000	18,574,000
acquisition of intangible assets	-58,600,000	0	0	0	0	0
acquisitions, net of cash and restricted cash acquired				-246,300,000				-537,000	26,000
other investing activities	300,000	4,700,000
net cash from investing activities	-302,600,000	21,500,000	-321,300,000	-566,900,000	-249,000,000	-52,763,000	-53,196,000	-990,372,000	-15,327,000	-579,001,000	-16,406,000	-254,128,000	-33,349,000	-20,901,000	-20,708,000	-68,302,000	-297,401,000	-28,045,000	-596,866,000	-196,696,000	-20,094,000	-20,259,000	-17,126,000	-107,496,000	-18,567,000	-15,860,000	-21,578,000	-20,877,000	-1,098,407,000	-20,307,000	-20,848,000	-97,087,000	-19,325,000	-14,953,000	4,707,000	-317,269,000	-561,673,000	-13,733,000	-11,359,000	-20,581,000	-16,695,000	-8,943,000	-5,123,000	-382,815,000	-3,836,000	-38,472,000	-4,701,000	-8,711,000	-13,817,000	-2,373,000	-15,603,000	-8,463,000	-346,637,000	-6,245,000	-6,089,000	-4,436,000	-3,921,000	-3,473,000	-3,977,000	-3,573,000	-16,310,000	-5,450,000	-35,481,000	-7,641,000	-44,930,000	-4,448,000	-3,728,000	-88,301,000	-4,436,000	-3,440,000	11,935,000	-3,545,000	-4,564,000	-2,196,000	-3,799,000
cash flows from financing activities
repurchases of common stock	0	-100,000
net change in restricted cash payable	103,300,000	-81,400,000	-347,200,000	63,100,000	-58,400,000
net change in deposits	270,200,000	57,300,000	171,900,000	-296,800,000	47,100,000	-158,959,000	162,648,000	1,062,242,000	106,751,000	348,333,000	102,958,000	-233,029,000	-128,361,000	108,374,000	-143,049,000	-121,354,000	-17,779,000	452,453,000	-136,717,000	8,125,000	110,409,000	46,539,000	-185,433,000	202,104,000	-31,683,000	81,023,000	-78,392,000	-166,811,000	348,743,000	-103,610,000	170,604,000	-318,360,000	284,094,000	-228,794,000	155,715,000	-488,950,000	217,370,000	61,154,000	101,288,000	-69,263,000	170,379,000	-37,796,000	135,276,000				13,085,000				128,018,000
advances from the fhlb	6,868,500,000	4,790,000,000	270,000,000
repayments to the fhlb	-6,873,500,000	-4,825,000,000
net activity on other short-term debt
borrowings on revolving credit facility	2,115,100,000	2,343,900,000	2,977,400,000	969,600,000	1,077,600,000	563,100,000	552,300,000	470,700,000	456,500,000			0	0			0	164,013,000	239,935,000	863,756,000	351,290,000	287,805,000	443,385,000	488,503,000
repayments on revolving credit facility	-2,288,500,000	-2,520,300,000	-2,779,400,000	-779,200,000	-610,000,000	-651,301,000	-644,499,000	-564,300,000	-508,100,000			0	0			0	-162,435,000	-409,216,000	-693,600,000
borrowings on term loans	0	0	0					0	0							-1,000	1,000	138,990,000	550,000,000	0	25,000,000	0	153,000,000
repayments on term loans	-15,900,000	-15,800,000	-14,500,000	-15,800,000	-15,800,000	-15,836,000	-15,835,000	-15,835,000	-15,836,000	-15,836,000	-16,152,000	-16,153,000	-16,153,000	-16,153,000	-16,152,000	-16,152,000	-16,153,000	-16,153,000	-15,871,000	-8,820,000	-8,819,000	-9,076,000	-9,076,000			-8,687,000	-8,688,000
proceeds from issuance of senior notes	0	0
borrowings on btfp			0	5,225,000,000	250,000,000
repayments on btfp			-50,000,000	-4,950,000,000
repurchase of convertible notes				0
payments of deferred and contingent consideration	0	0	-7,100,000	0
other financing activities	-1,100,000	-1,000,000	-2,600,000
net cash from financing activities	202,100,000	-443,600,000	-187,800,000	-132,000,000	236,800,000	-72,122,000	-40,115,000	925,530,000	78,960,000	513,358,000	-114,579,000	-221,522,000	246,094,000	54,132,000	-257,960,000	-87,932,000	-54,603,000	396,248,000	496,060,000	-21,770,000	-12,777,000	124,412,000	-192,593,000	182,276,000	15,751,000	70,462,000	90,896,000	-255,981,000	1,343,423,000	-37,496,000	166,135,000	-357,260,000	176,685,000	-190,171,000	51,208,000	-274,979,000	646,232,000	73,627,000	81,827,000	-72,293,000	165,215,000	-42,409,000	128,729,000	48,186,000	205,328,000	228,616,000	47,434,000	-133,498,000	-34,614,000	87,427,000	78,102,000	15,496,000	337,545,000	30,428,000	-27,130,000	-5,142,000	-22,243,000	156,211,000	-223,709,000	-206,489,000	-114,157,000	142,400,000	40,044,000	37,023,000	-35,909,000	137,076,000	22,590,000	15,855,000	-27,682,000	76,442,000	-50,756,000	149,209,000	-5,500,000	-15,000,000	-60,475,000
effect of exchange rates on cash, cash equivalents and restricted cash	2,800,000	-4,600,000	39,200,000	50,200,000	-36,400,000	60,330,000	-54,241,000	-1,339,000	-14,525,000	-1,789,000	-7,723,000	7,503,000	4,289,000	4,346,000	-16,543,000	8,484,000	-2,817,000	-3,390,000	1,743,000
net change in cash, cash equivalents and restricted cash	197,000,000	-50,000,000	-466,500,000	113,200,000	-2,100,000	158,226,000	447,257,000	94,572,000	160,735,000	27,881,000	-356,003,000	-385,584,000	265,544,000	423,300,000	45,012,000	310,186,000	-228,992,000	374,109,000	-28,953,000	3,527,000	220,264,000	-64,092,000	-127,053,000
cash, cash equivalents and restricted cash, beginning of year
cash, cash equivalents and restricted cash, end of year
net change in operating assets and liabilities, net of effects of business acquisitions		125,300,000	-213,900,000
purchase of other investments		1,000,000	-3,500,000		0
net change in borrowed federal funds			150,000,000																																						0	0	-48,400,000				40,326,000				-59,484,000
net borrowings on other debt		-21,100,000			-25,800,000
cash, cash equivalents and restricted cash, beginning of period		0	0		0		0		0	0	1,329,653,000		0	0	981,381,000		0	0	555,031,000		0	0	526,938,000
cash, cash equivalents and restricted cash, end of period		-50,000,000	-466,500,000		-2,100,000		447,257,000		160,735,000	27,881,000	973,650,000		265,544,000	423,300,000	1,026,393,000		-228,992,000	374,109,000	526,078,000		220,264,000	-64,092,000	399,885,000
change in fair value of contingent consideration			100,000	2,300,000	3,200,000	3,988,000	30,300,000	-4,800,000	-2,800,000
net borrowings (repayments) on other debt			13,700,000
purchase of treasury shares				-150,800,000	-48,600,000	-133,179,000	-69,009,000																																				-17,911,000
impairment charges						0
cash proceeds from sale, redemption or distribution of other investments
repurchase of share-based awards to satisfy tax withholdings						-1,787,000	-1,870,000	-445,000	-1,066,000	-884,000	-21,062,000	-248,000	-378,000	-76,000	-8,817,000	-313,000	-181,000	-135,000	-9,723,000	-200,000	-362,000	0	-11,810,000	-107,000	-226,000	-174,000	-9,020,000	-30,000	-27,000	44,000	-2,187,000	-10,000	-11,000	-16,000	-2,355,000	-2,367,000	33,000	-69,000	-3,306,000	-305,000	0	-932,000	-9,985,000	15,000	-1,000	-332,000	-2,608,000	-4,000	-160,000	-847,000	-1,540,000	287,000	-1,000	-807,000	-955,000	-543,000	-22,000
proceeds from stock option exercises						1,173,000	682,000	453,000	704,000	20,481,000	22,559,000	5,046,000	2,091,000	184,000	1,952,000	1,462,000	1,198,000	1,876,000	405,000	185,000	794,000	875,000	576,000	138,000	164,000	359,000	72,000	16,000	191,000	87,000	6,000	9,000	0	10,000	14,000	4,000	77,000	54,000	104,000	8,000	145,000	1,380,000	146,000	2,763,000	489,000	86,000	1,287,000	158,000	80,000	375,000	2,300,000	871,000	336,000	953,000	1,017,000	373,000	165,000			0	59,000	62,000	294,000	394,000	825,000	1,476,000	764,000	778,000	222,000	746,000	483,000
redemption of notes								0	0	0	-400,000,000
debt issuance costs									0							1,000	0	0	-3,443,000	-531,000	-2,403,000	0	-2,907,000
deferred tax benefit					8,700,000		-39,036,000		6,949,000	-13,543,000	-2,235,000
benefit from credit losses																													9,489,000	6,443,000	3,917,000	8,293,000	6,635,000	3,983,000	3,914,000	8,990,000	7,261,000	6,803,000	9,090,000	6,514,000	5,015,000	4,915,000	3,756,000	7,665,000	5,647,000	4,184,000	5,043,000	7,063,000	8,677,000	6,128,000	5,659,000	7,194,000	3,882,000	2,851,000	5,911,000	5,245,000	5,668,000	2,567,000	4,235,000
net activity from share-based compensation plans
payment of contingent consideration
loss on sale of subsidiary												0
amortization of premiums on investment securities						150,000	481,000
gain on sale of equity investment								0
other non-cash losses
cash paid on sale of subsidiary												-6,513,000
cash proceeds from sale or distribution of equity investment
maturities of equity securities
change in restricted cash payable
net activity on other debt						9,009,000	-22,297,000	-40,000,000	41,500,000	-214,798,000	194,798,000	20,001,000	100,000	-2,031,000	-84,985,000	42,602,000	-16,904,000	-11,290,000	-57,556,000	-18,089,000	-107,193,000	82,019,000	-19,027,000	28,971,000	16,574,000	41,990,000	-19,010,000	6,032,000
proceeds from issuance of convertible notes												0
proceeds from issuance of common stock												0
net change in securitized debt						10,249,000	-2,235,000	12,716,000	-1,493,000	7,177,000	2,320,000	8,073,000	7,208,000	-31,893,000	-6,909,000	5,823,000	-6,363,000	-212,000	-1,191,000	-2,183,000	-30,599,000	3,371,000	19,402,000	4,536,000	16,212,000	10,308,000	3,354,000	5,361,000	8,458,000	315,000	-10,469,000	-1,087,000	-4,724,000
debt issuance cost amortization and accretion expense							4,623,000
other non-cash gains							-4,070,000
accrued expenses and restricted cash payable							173,475,000	88,011,000	123,984,000	188,615,000	-100,744,000	104,869,000	94,682,000	27,068,000	-75,383,000	46,835,000	-18,200,000	46,546,000	-43,554,000
other current and other long-term liabilities							-8,954,000	-26,194,000	-5,250,000	-17,699,000	2,490,000	3,224,000	7,904,000	-2,258,000	-1,816,000	-7,265,000	-5,017,000	-11,314,000	2,161,000	-2,000	971,000	-6,230,000	-3,152,000
cash proceeds from sale of equity investment
purchases of equity securities							-107,000
changes in operating assets and liabilities, net of effects of acquisitions:
net realized and unrealized losses
loss on disposal of property, equipment and capitalized software																												63,000	158,000	35,000	3,000	51,000	179,000	-26,000	145,000	44,000	800,000	0	338,000	485,000
debt restructuring and debt issuance cost amortization								2,206,000	2,739,000	6,121,000	4,455,000			1,893,000	2,002,000	2,381,000	2,090,000	3,376,000	2,095,000	1,957,000	1,898,000	2,143,000	3,676,000	2,022,000				2,025,000
provision for deferred taxes												-12,828,000			-8,830,000	13,825,000	6,215,000	-3,775,000	3,402,000	11,207,000	8,278,000	-856,000	12,705,000		15,000,000	4,407,000	10,517,000
non-cash adjustments related to tax receivable agreement
proceeds from sale or distribution of equity investment
maturities of available-for-sale debt securities
issuance costs												-5,212,000
net unrealized loss									3,079,000	-6,073,000	-4,505,000	-6,619,000	-371,000	5,295,000	49,737,000	-13,826,000	10,862,000	19,886,000	12,870,000	18,053,000	3,828,000			1,698,000	1,954,000
distribution of equity investment
purchases of investment securities									-75,000	-79,000	-96,000	-6,103,000	-106,000	-119,000	-131,000	-137,000	-148,000	-5,142,000	-140,000	-141,000	-1,383,000	-123,000	-121,000
maturities of investment securities									49,000	20,000	61,000	12,000	70,000	11,000	88,000	11,000	42,000	92,000	85,000	85,000	81,000	28,000	72,000
supplemental disclosure of non-cash investing and financing activities
capital expenditures incurred but not paid										-234,000	2,213,000		-313,000	-962,000	3,362,000		539,000	-983,000	2,046,000		4,350,000	-3,543,000	4,801,000
non-cash contribution from non-controlling interest
deferred cash consideration as part of asset acquisition
contingent consideration as part of asset acquisition
acquisitions											1,909,000
distribution (contribution) of equity investment
debt issuance cost amortization																										2,209,000	1,954,000
amounts due under tax receivable agreement																	-2,348,000				-1,900,000			-2,842,000	-3,028,000			-2,310,000	-2,560,000			-2,780,000	-4,197,000			-2,376,000	-1,023,000			-1,924,000	-2,430,000			32,000	-2,110,000			-2,195,000	-1,147,000			-2,049,000	-1,654,000			-2,707,000	-1,894,000
acquisitions, net of cash acquired																	-266,454,000	-3,126,000	-568,426,000																																									-87,000
amounts included in loss on sale of subsidiary but not paid
benefit for deferred taxes
acquisitions, net of cash
gain on divestiture																																0	0	0	-1,215,000	-321,000
purchase of equity investment																				-154,000	0	-310,000	-2,307,000
acquisitions, net cash
proceeds from divestiture																																			16,708,000
impairment charge																									0
ticking fees expensed																												0
impairment charges and asset write-offs
accrued expenses																				14,039,000	3,937,000	8,082,000	-17,404,000	5,362,000	-11,062,000	35,869,000	-32,547,000	1,824,000	-63,923,000	51,314,000	9,743,000	-31,506,000	59,672,000	4,788,000	-23,921,000	10,060,000	11,914,000	13,788,000	-6,499,000	12,470,000	-1,017,000	11,063,000	2,984,000	4,173,000	1,784,000	-3,498,000	-4,041,000	-2,835,000	4,575,000	8,523,000	-6,424,000	-839,000	11,348,000	3,046,000	-6,021,000	2,339,000	4,164,000	-2,749,000	-5,405,000	516,000	2,985,000	1,573,000	-6,179,000	1,542,000	9,519,000	2,946,000	-7,251,000	2,210,000	4,134,000	2,283,000	-4,759,000	1,924,000	2,832,000	425,000	-394,000
acquisition and investment, net cash
excess tax benefits from equity instrument share-based payment arrangements																												206,000				-8,000	5,000	1,017,000	-364,000	435,000	200,000	222,000	1,010,000	30,000	229,000	691,000	5,589,000	1,417,000			2,244,000				3,008,000				582,000					-27,000	28,000			924,000	486,000	770,000	843,000
ticking fees paid																												0
accounts receivable and securitized receivables																					-40,085,000	-372,232,000	-273,124,000
increase in borrowed federal funds
repayments of revolving credit facility																					-287,409,000	-442,701,000	-625,821,000
effect of exchange rate changes on cash, cash equivalents and restricted cash																					-7,854,000	-5,146,000	-2,577,000
net unrealized gain																							-10,790,000				-2,991,000
deferred income taxes
accounts receivable																								53,787,000	-171,950,000	-228,995,000	-194,859,000	-30,455,000	-21,785,000	-334,120,000	-49,711,000	278,668,000	165,586,000	-262,363,000	17,826,000	445,222,000	110,010,000	-227,567,000	-271,782,000	190,297,000	-83,550,000	-72,868,000	-228,297,000	219,587,000	-89,343,000	16,955,000	-233,962,000	185,534,000	25,272,000	-147,199,000	-262,024,000	-20,011,000	-25,463,000	-79,824,000	-110,802,000	61,996,000	-13,895,000	-207,118,000	-606,000	655,961,000	200,972,000	-343,300,000	-151,189,000	-11,457,000	66,628,000	-225,524,000	-115,883,000	118,435,000	46,566,000	-166,333,000	-78,612,000	148,977,000	-198,182,000	-91,452,000	-73,119,000
other assets																								19,216,000	-15,363,000	-4,091,000	741,000	-19,679,000	-56,217,000	-642,000	12,808,000	64,480,000	-49,364,000	-7,257,000	-25,512,000	25,534,000	-37,808,000	3,808,000	-8,455,000	-16,151,000	-31,050,000	-5,268,000	-2,971,000	11,907,000	-2,708,000	-43,000,000	-9,864,000	-3,152,000	646,000	-5,728,000	-2,899,000	5,144,000	-7,556,000	-1,326,000	2,497,000	-3,111,000	659,000	-98,000	-2,091,000	2,864,000	-1,189,000	-2,113,000	110,000	1,136,000	-1,304,000	-1,845,000	-150,000	-1,696,000	-4,262,000	1,393,000	351,000	-422,000	860,000	201,000	-1,907,000
other liabilities																								3,600,000	2,965,000	-1,334,000	-331,000	8,502,000	-2,824,000	3,142,000	-734,000	-101,000	1,440,000	-2,358,000	-1,303,000	-1,466,000	-2,074,000	-688,000	1,038,000	83,000	-2,139,000	168,000	1,145,000	575,000	-2,210,000	-10,119,000	295,000	10,147,000	-426,000	-360,000	-176,000	-850,000	2,936,000	-216,000	187,000	127,000	218,000	96,000	-1,723,000	-119,000	-219,000	-169,000	-968,000	16,000	40,000	-315,000	623,000	23,000	-16,000	-41,000	873,000	-89,000	16,000	-78,000	23,000
purchases of available-for-sale securities																								-119,000	-125,000	-116,000	-114,000	-137,000	-120,000	-5,107,000	-489,000	-86,000	-89,000	-88,000	-86,000	-97,000	-86,000	-2,584,000	-70,000	-98,000	-72,000	-1,567,000	-65,000	-640,000	-70,000	-74,000	-80,000	-156,000	-6,556,000	-36,000	-1,761,000				-39,000					-42,000	-2,670,000	-1,547,000	-42,000	-1,487,000	-961,000	-35,000	-35,000	-34,000	-2,054,000	-33,000	-33,000	-522,000	-2,019,000	-5,000	-1,091,000
maturities of available-for-sale securities																								186,000	173,000	43,000	229,000	45,000	267,000	48,000	135,000	50,000	180,000	205,000	159,000	58,000	113,000	73,000	93,000	127,000	482,000	81,000	502,000	323,000	530,000	351,000	347,000	72,000	184,000	352,000	233,000	102,000	354,000	585,000	613,000	323,000	336,000	1,179,000	356,000	328,000	69,000	521,000	337,000	293,000	315,000	210,000	305,000	65,000	140,000	154,000	14,623,000	95,000	209,000	102,000	19,000
acquisitions and investment, net of cash
acquisition of an intangible asset
proceeds from divestitures																																	0
borrowings on revolving line-of-credit facility
repayments on revolving line-of-credit facility
loan origination fees
purchase of redeemable non-controlling interest																																0
purchase of shares of treasury stock																																0	0	0	-22,011,000	0	0	-2,817,000	-16,948,000	0	0			0	0							0	-7,893,000			0	-4,250,000			-7,640,000	-2,046,000	0	-29,345,000	-7,287,000	-9,781,000	-6,485,000	-14,158,000
effect of exchange rates on cash and cash equivalents																																																												-42,000	-15,000	2,000	-10,000
net change in cash and cash equivalents																								256,954,000	32,117,000	15,006,000	13,065,000	-346,220,000	219,303,000	-197,475,000	235,333,000	-253,637,000	349,294,000	-326,685,000	226,254,000	-291,943,000	257,683,000	-35,749,000	-6,714,000	-29,685,000	91,612,000			-237,641,000	227,301,000			-16,286,000	-14,935,000			-7,999,000	12,836,000			23,400,000	-8,414,000	1,430,000	-160,229,000	124,708,000	10,829,000	-9,557,000	14,118,000	-2,982,000	13,064,000	12,829,000	-14,952,000	11,882,000	6,578,000	-2,509,000	-25,885,000	13,771,000	3,675,000	6,287,000	-10,545,000
cash and cash equivalents, beginning of year
cash and cash equivalents, end of year
supplemental cash flow information
interest paid																												29,095,000	63,877,000	7,232,000	16,068,000		15,901,000	7,693,000	17,698,000		14,935,000	3,560,000	13,262,000		13,000,000	2,940,000	4,351,000		3,244,000	3,113,000	3,319,000		4,304,000	3,854,000	3,281,000		14,490,000	0	1,317,000		5,223,000	10,004,000	9,751,000		10,453,000	14,326,000	10,111,000		10,917,000	10,673,000	9,636,000
income taxes paid																												2,848,000	3,803,000	5,790,000	11,505,000		8,590,000	8,564,000	2,745,000		17,389,000	28,074,000	4,041,000		11,757,000	20,030,000	1,226,000		13,136,000	24,071,000	2,248,000		24,352,000	9,058,000	1,656,000		6,497,000	11,127,000	3,904,000		5,685,000	208,000	182,000		14,904,000	6,181,000	1,137,000		4,775,000	6,239,000	-368,000
issuance of common stock in a business combination																												0
net borrowings on 2016 revolving credit facility
borrowings on 2016 term loans
repayments on 2016 term loans
net repayments on 2014 revolving credit facility
repayments on 2014 term loan
effect of exchange rate changes on cash and cash equivalents																									-11,317,000	-6,856,000	2,926,000		-1,616,000	3,519,000	3,631,000		-2,636,000	-2,929,000	-1,308,000		2,401,000	-37,000	574,000		780,000	-2,643,000	-114,000		562,000	-270,000	157,000		-809,000	348,000	-154,000		276,000	-146,000	-30,000		45,000	36,000	-31,000
cash and cash equivalents, beginning of period																									0	0	190,930,000		0	0	279,989,000	0	0	0	284,763,000	0	0	0	361,486,000	0	0	0	197,662,000	0	0	0	25,791,000	0	0	0	18,045,000	0	0	0	39,304,000	0	0	0	183,117,000	0	0	0	43,019,000	0	0	0	35,060,000	0	0	0	44,994,000	0	0	0	31,806,000
cash and cash equivalents, end of period																									32,117,000	15,006,000	203,995,000		219,303,000	-197,475,000	515,322,000	-253,637,000	349,294,000	-326,685,000	511,017,000	-291,943,000	257,683,000	-35,749,000	354,772,000	-29,685,000	91,612,000	-50,161,000	349,720,000	-237,641,000	227,301,000	177,559,000	30,443,000	-16,286,000	-14,935,000	21,150,000	35,862,000	-7,999,000	12,836,000	833,000	12,375,000	23,400,000	-8,414,000	1,430,000	22,888,000	124,708,000	10,829,000	-9,557,000	57,137,000	-2,982,000	13,064,000	12,829,000	20,108,000	11,882,000	6,578,000	-2,509,000	19,109,000	13,771,000	3,675,000	6,287,000	21,261,000
net borrowings on revolving line of credit facility																										-54,357,000	202,580,000
loss on debt extinguishment																												-1,000
restructuring charge																												-1,727,000	1,469,000	2,027,000	942,000	-953,000	-53,000	0	8,567,000
net unrealized (gain) loss																													-2,815,000	-3,343,000	-11,440,000
benefit from deferred taxes
changes in operating assets and liabilities:
acquisition of a business, net of cash acquired
repayments of 2016 term loans
net repayment on 2014 revolving credit facility
depreciation, amortization and impairment																														23,880,000	23,036,000		21,556,000	21,532,000	22,155,000		20,275,000	15,771,000	15,612,000
deferred taxes																														2,607,000	12,644,000	13,302,000	15,031,000	-4,828,000	13,854,000	20,921,000	10,559,000	4,565,000	10,066,000	3,749,000	4,504,000	9,682,000	9,021,000	515,000	7,967,000	25,517,000	1,908,000	1,452,000	15,547,000	4,243,000	507,000	2,900,000	3,208,000	8,355,000	7,073,000	3,392,000	5,003,000	50,132,000	1,031,000	36,373,000	23,692,000	-22,821,000	4,723,000	77,400,000	6,187,000	5,793,000	5,737,000	6,690,000	21,354,000	809,000	5,556,000	10,748,000	-6,359,000	5,699,000	-5,860,000
other debt																																-590,000	637,000	3,000	-485,000	-947,000	25,536,000
net activity on 2014 revolving credit facility, net of debt issuance costs																														61,698,000	15,056,000
net activity on term loan, net of debt issuance costs																														-6,875,000	-6,875,000
proceeds from sale of subsidiary																																				1,434,000
net increase in borrowed federal funds																																												48,400,000				-61,813,000				-5,509,000	40,176,000	-51,785,000	4,880,000	31,423,000	-7,853,000			-31,480,000	-43,511,000	-21,187,000	88,003,000				28,848,000				9,677,000
repayments of 2011 term loan
borrowings on 2013 term loan																																											300,000,000
repayments on 2013 term loan																																											-3,750,000
borrowings on 2014 term loan																																				0
borrowings on notes outstanding																																								0	0	0	400,000,000
fair value change of fuel price derivatives																																	3,251,000	14,956,000	9,345,000		-16,213,000	4,896,000	-2,823,000		2,733,000	-9,849,000	5,882,000		12,849,000	-24,563,000	13,555,000		-20,728,000	-13,875,000	20,818,000		6,733,000	-6,533,000	6,820,000		100,000	22,574,000	6,471,000
foreign currency remeasurement																																	-7,386,000	8,692,000	15,768,000
acquisitions and investments, net of cash
loan origination fee																																									0	0	-12,023,000
net activity on 2014 revolving credit facility																																	77,000	-96,398,000	-72,431,000
payments on term loan
net activity on term loan																																		-6,875,000	-6,875,000
net unrealized (gain) loss on derivative instruments
depreciation, amortization and asset impairments
goodwill impairment																																												1,337,000
net borrowings on 2011 revolving line-of-credit facility
contingent consideration paid for rapid! paycard
changes in operating assets and liabilities, net of effects of acquisition:
net activity on 2011 revolving line-of-credit																																									0
net activity on 2011 term loan																																									0
net activity on 2013 term loan																																					-6,875,000	-3,750,000	-3,750,000		-3,750,000
significant non-cash transactions
increase in unik estimated earn out
other financing debt																																							3,429,000	987,000	-1,788,000	-2,002,000	787,000	1,807,000
net unrealized gain on derivative instruments
net repayments on 2007 revolving line-of-credit facility
repayments borrowings on term loan
net (repayments) borrowings on 2011 revolving line-of-credit facility
borrowings on 2011 term note agreement																																																0	0
repayments of 2011 term note agreement
borrowings on 2013 term note agreement
repayments on 2013 term note agreement
reduction of rapid! – estimated earn out																																													0
acquisition of unik - estimated earn out
increase in unik – estimated earn out																																									0
loss on disposal of property, plant and equipment																																										492,000	63,000
purchases of property and equipment																																										-7,457,000	-5,560,000	-6,240,000	-5,862,000	-10,966,000	-4,968,000	-5,283,000	-7,445,000	-5,994,000	-6,423,000	-8,566,000	-6,923,000	-6,792,000	-6,663,000	-4,719,000	-4,225,000	-4,611,000	-4,293,000	-3,772,000	-3,679,000	-4,404,000	-4,256,000	-4,147,000	-3,856,000	-4,623,000	-3,998,000	-3,736,000	-2,522,000	-3,561,000	-2,655,000	-3,118,000	-2,754,000	-2,418,000	-2,727,000
net borrowing on 2011 revolving line of credit																																											-438,500,000
net borrowings on 2011 term loan																																											-182,500,000
net increase in cash and cash equivalents																																											152,058,000				4,652,000				17,817,000
significant non-cash transaction
reduction to rapid! – estimated earn out																																															839,000
loss on disposal of internal-use software
acquisition of corporatepay, net of cash																																												0	0
acquisition of fleet one, net of cash
cash assumed in unik acquisition																																												0
acquisition of customer relationship intangible
acquisition of rapid! paycard
acquisition of rd card holdings australia pty ltd., net of cash acquired
net increase in deposits																																												-318,730,000	244,495,000			-7,121,000	-67,676,000			34,741,000	-24,515,000			1,305,000	15,817,000			-125,593,000	-61,987,000			43,125,000	-43,787,000			13,364,000	-32,981,000	129,961,000	-53,896,000
net (repayments) borrowings on 2007 revolving line-of-credit facility																																																0
(repayments) borrowings on term loan																																																0
net borrowings on 2011 revolving line-of-credit
contingent consideration paid for rapid!
loss on disposal of property and equipment																																																	123,000								14,000				4,000	4,000	58,000						37,000	0	5,000	46,000	0	-123,000	5,000
acquisition of red – adjustment
acquisition of rapid!, net of earn out																																																	0	0	-8,081,000
loan origination fee paid for 2011 revolving line-of-credit facility																																																	0
net (repayments) borrowing on 2007 revolving line-of-credit facility
net borrowings in 2011 revolving line-of-credit facility																																													-18,200,000				-23,800,000
repayment of 2011 term note agreement																																													-2,500,000				-2,500,000
acquisition of rapid! – estimated earn out																																																			10,000,000
acquisition of unik – estimated earn out
acquisition of red - adjustment
excess tax benefits from share-based payment arrangements																																																	129,000				142,000
net decrease in borrowed federal funds																																																																	-25,350,000				13,026,000
repayments on term loan																																															-2,500,000																	0	0	-120,000,000	-11,000,000	-11,000,000	-11,000,000	-11,000,000	-5,500,000	-10,000,000	-5,500,000	-15,000,000	-20,000,000
acquisition of red - adjustment, net of cash acquired																																																			429,000
net change in revolving line-of-credit facility																																															-4,400,000				5,800,000						-26,100,000	55,200,000	-34,000,000
gain on settlement of portion of amounts due under tax receivable agreement																																																								0	0
loss on sale of investment
loss on impairment of internal-use software under development
sale of available-for-sale securities																																																								0
acquisition of red - net of cash acquired
conversion of preferred stock shares and accrued preferred dividends to common stock shares																																																					0	0	10,004,000
acquisition of red — adjustment
acquisition of rapid! — estimated earn out
loss on disposal and impairment of property and equipment
purchase of trade name																																																												0
acquisitions, net of cash acquired and prior to finalization of the working capital adjustment
net borrowings (repayments) on 2007 revolving line-of-credit facility, term loan
loan origination fees paid for 2007 revolving line-of-credit facility																																																																0	0
loss on sale of available-for-sale securities
impairment of internal-use software																																																									0	0	421,000
purchase of available-for-sale securities
acquisition, net of cash acquired																																																														-20,000	-31,520,000	-378,000
net change in revolving line-of-credit facility and term loan
reinvestment of dividends on available-for-sale securities																																																										-41,000	-40,000
net decrease in deposits																																																							-17,054,000				-189,291,000				-65,227,000				-6,898,000
net decrease in revolving line-of-credit facility																																																							-15,600,000
net decrease in cash and cash equivalents																																																							-26,929,000
see notes to condensed consolidated financial statements.
loss on extinguishment of debt																																																																0	0
purchases of fleet card receivables
net repayments on 2005 revolving line-of-credit facility																																																																	0
repayments of acquired debt																																																																0
changes in operating assets and liabilities, net of effects of acquisitions in 2008:
loan origination fees paid for revolving line-of-credit facility																																																													0
changes in operating assets and liabilities, net of effects of acquisition in 2008:
amounts due to avis under tax receivable agreement																																																											570,000	-5,644,000	4,605,000			-81,648,000
repurchase of shares to satisfy tax withholdings																																																											-418,000
net unrealized loss on derivative instruments																																																																22,823,000					-31,064,000	7,462,000	1,426,000	-20,856,000	29,745,000	-6,553,000	34,374,000
gain on sale of investment
proceeds from sale of investment
payments in lieu of issuing shares of common stock																																																												-149,000	0	-805,000	-1,271,000	-1,008,000	-28,000	-343,000	-809,000	-52,000	0	0	-682,000
net unrealized loss on fuel price derivatives																																																													-82,372,000	74,145,000	3,575,000
net borrowings on revolving line-of-credit facility																																																													-6,700,000
significant non-cash transactions:
capitalized software licensing agreement																																																																	0	32,000	2,840,000
excess tax (deficiencies) benefits from equity instrument share-based payment arrangements																																																															-10,000
net borrowings on 2007 revolving line-of-credit facility																																																															47,600,000	-7,300,000	42,100,000
net borrowings on 2005 revolving line-of-credit facility
due to/from related parties																																																																								0	0	0	45,051,000
sales of property and equipment																																																																								0	0
dividends paid																																																																								0	0	0	-305,887,000
net (repayments) borrowings on 2005 revolving line-of-credit facility
loan origination fees paid for 2005 revolving line-of-credit facility
borrowings on term loan, net of loan origination fees of 2,884																																																																								0	0
changes in operating assets and liabilities, net of effects of acquisition
supplemental cash flow information:
change in net unrealized loss on derivative instruments																																																																		3,991,000	10,591,000
amounts due to avis																																																																		-9,428,000	-1,616,000
net borrowings (repayments) on revolving line of credit																																																																			25,000,000
change in operating assets and liabilities:
amounts due to avis (formerly cendant) under tax receivable agreement
purchases of federal home loan bank stock
purchases of option contracts
excess tax benefits of equity instrument share-based payment arrangements																																																																				745,000	51,000	89,000	162,000
net repayments on related party line of credit
net (repayments) borrowings on revolving line of credit																																																																				-31,000,000	3,000,000	-4,000,000	-1,000,000
loan origination fees paid for revolving line of credit																																																																								0	0	0	-1,704,000
amounts due to cendant under tax receivable agreement																																																																					-5,206,000			-4,545,000	-4,544,000
borrowings on term loan, net of loan origination fees of 2,884 in 2005
income tax refunds receivable
net borrowings (repayments) on related party line of credit
net borrowings on revolving line of credit																																																																								3,000,000	0
deposits																																																																									119,402,000	77,094,000	23,066,000
borrowed federal funds																																																																									-6,583,000	-13,786,000	-6,728,000
supplmental cash flow information:
non-cash charge for stock-based compensation																																																																											5,677,000
borrowings on revolving line of credit																																																																											50,000,000
borrowings on term loan, net of loan origination fees																																																																											217,116,000

WEX Inc(NYSE:WEX)

WEX Inc
(NYSE:WEX)