Total System Services (TSS) 10-Q 1 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	3 Months Ended
	Mar. 31, 2019shares
Document And Entity Information
Entity Registrant Name	TOTAL SYSTEM SERVICES INC
Entity Central Index Key	0000721683
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	176,943,121
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Trading Symbol	tss
Entity Emerging Growth Company	false
Entity Small Business	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents (Note 2)	$ 494,646	$ 471,156
Accounts receivable, net of allowances for doubtful accounts and billing adjustments of $6.0 million as of 2019 and 2018, respectively	490,045	450,322
Contract assets (Note 3)	44,473	30,950
Prepaid expenses and other current assets (Note 2)	200,229	188,355
Total current assets	1,229,393	1,140,783
Contract assets (Note 3)	53,865	47,839
Goodwill	4,115,380	4,114,838
Other intangible assets, net of accumulated amortization of $846.2 million and $802.0 million as of 2019 and 2018, respectively	748,490	796,702
Intangible assets - computer software, net of accumulated amortization of $930.3 million and $893.4 million as of 2019 and 2018, respectively	539,964	534,536
Property and equipment, net of accumulated depreciation and amortization of $523.0 million and $522.7 million as of 2019 and 2018, respectively (Note 4)	385,400	383,074
Operating lease right-of-use assets, net (Note 4)	206,239
Contract cost assets, net of accumulated amortization	147,342	145,598
Equity investments, net	197,831	180,661
Deferred income tax assets	7,750	7,773
Other assets	142,478	116,905
Total assets	7,774,132	7,468,709
Current liabilities:
Accounts payable	73,061	97,956
Contract liabilities (Note 3)	54,581	47,227
Current portion of operating lease liabilities (Note 4)	49,469
Accrued salaries and employee benefits	33,778	73,143
Current portion of long-term borrowings (Note 5)	21,000	20,807
Current portion of obligations under finance leases and license agreements (Note 4)	17,710	8,318
Other current liabilities (Note 2)	315,778	268,150
Total current liabilities	565,377	515,601
Long-term borrowings, excluding current portion (Note 5)	4,139,148	3,843,394
Deferred income tax liabilities	409,706	380,278
Operating lease liabilities, excluding current portion (Note 4)	168,505
Obligations under finance leases, excluding current portion (Note 4)	41,585	46,147
Contract liabilities (Note 3)	23,805	21,489
Other long-term liabilities	73,246	75,894
Total liabilities	5,421,372	4,882,803
Commitments and contingencies (Note 6)
Shareholders’ Equity
Common stock- $0.10 par value. Authorized 600,000 shares; 202,765 issued as of 2019 and 2018; 176,943 and 180,586 outstanding as of 2019 and 2018, respectively	20,277	20,277
Additional paid-in capital	191,935	189,889
Accumulated other comprehensive loss, net (Notes 1 and 2)	(55,028)	(60,223)
Treasury stock, at cost (25,822 and 22,179 shares as of 2019 and 2018, respectively)	(1,426,984)	(1,042,687)
Retained earnings	3,622,560	3,478,650
Total shareholders' equity	2,352,760	2,585,906
Total liabilities and shareholders' equity	$ 7,774,132	$ 7,468,709

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Consolidated Balance Sheets
Accounts receivable, allowances for doubtful accounts and billing adjustments	$ 6
Other intangible assets, accumulated amortization	846.2	$ 802
Intangible assets - computer software, accumulated amortization	930.3	893.4
Property and equipment, accumulated depreciation and amortization	$ 523	$ 522.7
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, authorized (in shares)	600,000	600,000
Common stock, issued (in shares)	202,765	202,765
Common stock, outstanding (in shares)	176,943	180,586
Treasury stock (in shares)	25,822	22,179

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Consolidated Statements of Income
Total revenues (Notes 3 and 11)	$ 1,034,531	$ 987,170
Cost of services (Note 3)	632,212	613,365
Selling, general and administrative expenses	179,049	185,534
Total operating expenses	811,261	798,899
Operating income	223,270	188,271
Nonoperating expenses, net	(42,991)	(37,642)
Income before income taxes and equity in income of equity investments	180,279	150,629
Income taxes (Note 8)	29,899	18,135
Income before equity in income of equity investments	150,380	132,494
Equity in income of equity investments, net of tax	11,227	10,608
Net income	161,607	143,102
Net income attributable to noncontrolling interests		(1,261)
Net income attributable to Total System Services, Inc. (TSYS) common shareholders	$ 161,607	$ 141,841
Basic earnings per share (EPS) attributable to TSYS common shareholders (Note 9) (in dollars per share)	$ 0.91	$ 0.78
Diluted EPS attributable to TSYS common shareholders (Note 9)	$ 0.90	$ 0.77

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Consolidated Statements of Comprehensive Income
Net income	$ 161,607	$ 143,102
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	10,426	12,495
Postretirement healthcare plan adjustments	(179)	(147)
Unrealized gain on available-for-sale securities (Note 1)		2,581
Other comprehensive (loss) income	10,247	14,929
Comprehensive income	171,854	158,031
Comprehensive income attributable to noncontrolling interests		(1,261)
Comprehensive income attributable to TSYS common shareholders	$ 171,854	$ 156,770

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities:
Net income	$ 161,607	$ 143,102
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	103,710	104,389
Amortization of operating lease right of use assets	12,654
Provisions for cardholder losses	13,269	15,545
Share-based compensation	10,714	6,295
Provisions for bad debt expenses and billing adjustments	2,948	2,839
Charges for transaction processing provisions	7	729
Amortization of debt issuance costs	1,322	1,035
Loss on foreign currency	1,138	427
Amortization of bond discount	277	233
(Gain) Loss on disposal of equipment, net	(307)	2
Deferred income tax expense	27,745	15,180
Change in value of equity investments	(174)
Equity in income of equity investments, net of tax	(11,227)	(10,608)
Changes in operating assets and liabilities, net of effects of acquisitions:
Accounts receivable	(40,813)	9,006
Contract assets and contract liabilities	(11,357)	498
Contract cost assets	116	2,168
Prepaid expenses, other current assets and other long-term assets	(38,936)	(7,701)
Accounts payable	918	2,289
Accrued salaries and employee benefits	(39,718)	(50,835)
Other current liabilities and other long-term liabilities	33,696	(22,700)
Net cash provided by operating activities	227,589	211,893
Cash flows from investing activities:
Purchases of property and equipment	(19,396)	(22,069)
Additions to internally developed computer software	(12,405)	(10,340)
Additions to licensed computer software from vendors	(48,628)	(13,827)
Cash used in acquisitions, net of cash acquired		(1,036,853)
Other investing activities	(2,350)	(1,550)
Net cash used in investing activities	(82,779)	(1,084,639)
Cash flows from financing activities:
Principal payments on long-term borrowings, finance lease obligations and license agreements	(157,324)	(129,010)
Dividends paid on common stock	(23,456)	(23,496)
Subsidiary dividends paid to noncontrolling shareholders		(1)
Repurchase of common stock under plans and tax withholding	(400,013)	(24)
Proceeds from borrowings of long-term debt	450,000	1,040,000
Proceeds from exercise of stock options	6,466	26,461
Net cash provided by (used in) financing activities	(124,327)	913,930
Cash, cash equivalents and restricted cash:
Effect of exchange rate changes on cash, cash equivalents and restricted cash	2,049	1,684
Net increase (decrease) in cash, cash equivalents and restricted cash	22,532	42,868
Cash, cash equivalents and restricted cash at beginning of period	474,279	451,370
Cash, cash equivalents and restricted cash at end of period	496,811	494,238
Supplemental cash flow information:
Interest paid	10,629	42,040
Income taxes (refunded) paid, net	$ (1,949)	$ 2,936

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income (Loss)	Treasury Stock	Retained Earnings	Redeemable Noncontrolling Interest	Total
Balance at Dec. 31, 2017						$ 115,689
Changes in Redeemable Noncontrolling Interests
Net income						1,261
Adjustments to redemption value of redeemable noncontrolling interest						9,051
Subsidiary dividends paid to noncontrolling interests						(1)
Balance at Mar. 31, 2018						126,000
Balance at Dec. 31, 2017	$ 20,277	$ 162,806	$ (36,148)	$ (909,960)	$ 3,004,018		$ 2,240,993
Balance (in shares) at Dec. 31, 2017	202,765
Changes in Total Equity
Net income					141,841		141,841
Other comprehensive income			14,929				14,929
Common stock issued from treasury shares for exercise of stock options		5,199		21,258			26,457
Common stock issued from treasury shares for nonvested awards		(551)		551
Common stock unissued due to forfeiture of nonvested awards		551		(551)
Common stock issued from treasury shares for nonvested awards		(12,368)		12,368
Common stock issued from treasury for dividend equivalents		925		9			934
Share-based compensation (Note 7)		6,835					6,835
Cash dividends declared ($0.13 per share)					(23,895)		(23,895)
Purchase of treasury shares				(24)			(24)
Adjustments to redemption value of redeemable noncontrolling interest		(9,051)					(9,051)
Balance at Mar. 31, 2018	$ 20,277	154,897	(21,219)	(876,900)	3,117,519		2,394,574
Balance (in shares) at Mar. 31, 2018	202,765
Balance at Dec. 31, 2017						$ 115,689
Balance at Dec. 31, 2017	$ 20,277	162,806	(36,148)	(909,960)	3,004,018		2,240,993
Balance (in shares) at Dec. 31, 2017	202,765
Changes in Total Equity
Reclassification from adoption of ASU 2018-02			(5,052)
Balance at Dec. 31, 2018	$ 20,277	189,889	(60,223)	(1,042,687)	3,478,650		$ 2,585,906
Balance (in shares) at Dec. 31, 2018	202,765						202,765,000
Changes in Total Equity
Cumulative effect adjustment from adoption of ASU | ASU 2014-09					(4,445)		$ (4,445)
Net income					161,607		161,607
Other comprehensive income			10,247				10,247
Common stock issued from treasury shares for exercise of stock options		3,485		2,981			6,466
Common stock issued from treasury shares for nonvested awards		77		(77)
Common stock unissued due to forfeiture of nonvested awards		(77)		77
Common stock issued from treasury shares for nonvested awards		(12,812)		12,812
Share-based compensation (Note 7)		11,296					11,296
Cash dividends declared ($0.13 per share)					(22,546)		(22,546)
Purchase of treasury shares				(400,013)			(400,013)
Balance at Mar. 31, 2019	$ 20,277	$ 191,935	(55,028)	$ (1,426,984)	3,622,560		$ 2,352,760
Balance (in shares) at Mar. 31, 2019	202,765						202,765,000
Changes in Total Equity
Cumulative effect adjustment from adoption of ASU | Adjustments for New Accounting Pronouncement | ASU 2016-01			$ (5,052)		5,052
Cumulative effect adjustment from adoption of ASU | Adjustments for New Accounting Pronouncement | ASU 2016-02					$ (203)		$ (203)

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2019
Basis of Presentation and Summary of Significant Accounting Policies
Basis of Presentation and Summary of Significant Accounting Policies	TOTAL SYSTEM SERVICES, INC. Notes to Unaudited Consolidate Note Business Total System Services, Inc.’s (“TSYS’” or the “Company’s”) revenues are derived from providing payment processing, merchant services and related payment services to financial and nonfinancial institutions, generally under long-term processing contracts. The Company also derives revenues by providing general-purpose reloadable (“GPR”) prepaid debit and payroll cards, demand deposit accounts and other financial service solutions to the underbanked and other consumers and businesses. The Company’s services are provided through three operating segments: Issuer Solutions, Merchant Solutions and Consumer Solutions. Through the Company's Issuer Solutions segment, TSYS processes information through its cardholder systems for financial and nonfinancial institutions throughout the United States and internationally. The Company's Merchant Solutions segment provides merchant services to merchant acquirers and merchants mainly in the United States. The Company’s Consumer Solutions segment provides financial service solutions to consumers and businesses in the United States. Basis of Presentation The accompanying unaudited consolidated financial statements of TSYS include the accounts of TSYS and its wholly- and majority-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. These financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and the instructions to Form 10-Q and Rule 10-01 of Regulation S-X and, therefore, do not include all information and footnotes required by U.S. GAAP for complete financial statements. The preparation of the consolidated financial statements requires management of the Company to make estimates and assumptions relating to the reported amounts of assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. These estimates and assumptions are developed based upon all information available. Actual results could differ from estimated amounts. All adjustments, consisting of normal recurring accruals, which, in the opinion of management, are necessary for a fair presentation of financial position and results of operations for the periods covered by this report, have been included. The accompanying unaudited consolidated financial statements should be read in conjunction with the Company’s summary of significant accounting policies, consolidated financial statements and related notes appearing in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018, as filed with the Securities and Exchange Commission (“SEC”). Results of interim periods are not necessarily indicative of results to be expected for the year. Out-of-period adjustment As of January 1, 2019, the Company recorded an adjustment to reclassify the cumulative unrealized gain of $5.1 million related to an investment in common stock with a readily determinable fair value from other comprehensive income to opening retained earnings. This adjustment was recorded to comply with the guidance in Accounting Standards Update (“ASU”) No. 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities . Fair Value Measurement Refer to Note 3 of the Company’s audited financial statements for the year ended December 31, 2018, which is included as Exhibit 13.1 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2018, as filed with the SEC, for a discussion regarding fair value measurement. The Company had no transfers between Level 1, Level 2 or Level 3 assets during the three months ended March 31, 2019 and 2018. As of March 31, 2019, the Company had recorded goodwill in the amount of $4.1 billion. The Company performs its annual impairment testing of its goodwill balance as of May 31 st of each year. The fair value of the reporting units substantially exceeds their carrying value. Recently Adopted Accounting Pronouncements The Company adopted the following ASUs on January 1, 2019: In September 2017, the FASB issued ASU No. 2017-13, Revenue Recognition (Topic 605), Revenues from Customers (Topic 606), Leases (Topic 840) and Leases (Topic 842), which made amendments to SEC paragraphs pursuant to the Staff Announcement at the July 20, 2017 Emerging Issues Task Force (“EITF”) Meeting and rescission of prior SEC Staff Announcements and Observer comments. This guidance, which is effective immediately, generally relates to the adoption of ASC 606 and 842. The adoption of the amendments in this ASU did not have a material impact on the Company’s financial position, results of operations or cash flows. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) , which introduced a lessee model that brings most operating leases on the balance sheet and aligns many of the underlying principles of the new lessor model with those in the FASB’s new revenue recognition standard. The FASB has issued several additional ASUs since this time that provide additional clarification to certain issues existing after the original ASU was released. All of the new standards were effective for the Company on January 1, 2019. TSYS adopted the new leases standard as of January 1, 2019 using the cumulative effect method. See Note 4 New Accounting Pronouncements Refer to Note 1 of the Company’s audited financial statements for the year ended December 31, 2018, which is included as Exhibit 13.1 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2018, as filed with the SEC, for a discussion regarding new accounting pronouncements.

Supplementary Balance Sheet Inf

Supplementary Balance Sheet Information	3 Months Ended
	Mar. 31, 2019
Supplementary Balance Sheet Information
Supplementary Balance Sheet Information	Note 2 — Supplementary Balance Sheet Information Cash, Cash Equivalents and Restricted Cash The Company maintains accounts outside the United States denominated in currencies other than the U.S. dollar. All amounts in domestic accounts are denominated in U.S. dollars. The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the Consolidated Balance Sheets that sum to the total of the same such amounts shown in the Consolidated Statements of Cash Flows. Cash, cash equivalents and restricted cash balances are summarized as follows: (in thousands) March 31, 2019 December 31, 2018 Cash and cash equivalents in domestic accounts $ 434,130 405,535 Cash and cash equivalents in foreign accounts 60,516 65,621 Total cash and cash equivalents 494,646 471,156 Restricted cash included in other long-term assets 2,165 3,123 Total cash, cash equivalents and restricted cash shown in the statements of cash flows $ 496,811 474,279 Restricted cash included in other assets in the Consolidated Balance Sheets represents immaterial amounts required across the Company’s segments for operational purposes. Prepaid Expenses and Other Current Assets Significant components of prepaid expenses and other current assets are summarized as follows: (in thousands) March 31, 2019 December 31, 2018 Prepaid expenses $ 63,088 48,058 Income taxes receivable 26,782 19,362 R&D state tax credit 21,593 26,541 Supplies inventory 20,074 18,089 Other 68,692 76,305 Total $ 200,229 188,355 Other Current Liabilities Significant components of other current liabilities are summarized as follows: (in thousands) March 31, 2019 December 31, 2018 Accrued card brand fees $ 62,637 55,991 Accrued interest 53,960 22,191 Accrued third-party commissions 52,187 46,977 Accrued expenses 29,705 25,178 Dividends payable 23,736 24,645 Other 93,553 93,168 Total $ 315,778 268,150 Accumulated Other Comprehensive Loss (AOCL) The income tax effects allocated to and the cumulative balance of accumulated other comprehensive income (“AOCI”) (loss) attributable to TSYS shareholders are as follows: (in thousands) Foreign Currency Translation Adjustments Gain on Available-For-Sale Securities Change in Postretirement Healthcare Plans Total Accumulated Other Comprehensive Loss, Net of Tax Balance as of December 31, 2018 $ (63,186) 5,052 (2,089) $ (60,223) Reclassification from adoption of ASU No. 2016-01 (Note 1) - (5,052) - (5,052) Balance after reclassification (a) (63,186) - (2,089) (65,275) Pretax amount 11,418 - (231) 11,187 Tax effect 992 - (52) 940 Net-of-tax amount (b) 10,426 - (179) 10,247 Balance as of March 31, 2019 (a)+(b) $ (52,760) - (2,268) $ (55,028)

Revenues

Revenues	3 Months Ended
	Mar. 31, 2019
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	Note 3 — Revenue from Contracts with Customers Description of service offerings Issuer Solutions The Company's Issuer Solutions revenues are derived from long-term processing contracts with financial and nonfinancial institutions. Payment processing services revenues are generated primarily from charges based on: · The number of accounts on file; · Transactions and authorizations processed; · Statements generated and/or mailed; · Managed services; and · Cards embossed and mailed and other processing services for cardholder accounts on file. Most of these contracts have prescribed annual revenue minimums, penalties for early termination, and service level agreements which may impact contractual fees if certain service levels are not achieved. Issuer Solutions revenues also include loyalty redemption services and professional services. Merchant Solutions The Company’s Merchant Solutions revenues are partially derived from relationships with thousands of individual merchants whose contracts range from thirty days to five years. Additionally, part of the revenues are derived from long-term processing contracts with large financial institutions, other merchant acquirers and merchant organizations which generally range from three to eight years. Merchant services revenue is generated primarily from processing all payment forms including credit, debit and electronic benefits transfer for merchants of all sizes across a wide array of retail market segments. The products and services offered include: · Authorizations and capture of electronic transactions; · Clearing and settlement of electronic transactions; · Information reporting services related to electronic transactions; · Merchant billing services; and · Point-of-sale equipment and services. Most of these contracts have prescribed revenue minimums, penalties for early termination, and service level agreements which may impact contractual fees if certain service levels are not achieved. Consumer Solutions The Company’s Consumer Solutions revenues principally consist of a portion of the service fees collected from cardholders and interchange revenues received by the issuing banks in connection with the programs that the Consumer Solutions segment manages. Customers are charged fees in connection with the Consumer Solutions segment’s products and services as follows: · Transactions - Customers are typically charged a fee for each Personal Identification Number (“PIN”) and signature-based purchase transaction made using their cards, unless the customer is on a monthly or annual service plan, in which case the customer is instead charged a monthly or annual subscription fee, as applicable. Customers are also charged fees for Automated Teller Machine (“ATM”) withdrawals and other transactions conducted at ATMs. · Customer Service and Maintenance - Customers are typically charged fees for balance inquiries made through call centers. Customers are also charged a monthly maintenance fee after a specified period of inactivity. · Additional Products and Services - Customers are charged fees associated with additional products and services offered in connection with certain cards, including the use of overdraft features, a variety of bill payment options, card replacement, foreign exchange and card-to-card transfers of funds initiated through the call centers. · Other - Customers are charged fees in connection with the acquisition and reloading of the cards at retailers and the Company receives a portion of these amounts in some cases. Disaggregation of revenue The following table summarizes volume-based and non-volume related revenue from contracts with external customers for the three months ended March 31, 2019 and 2018: Three months ended March 31, 2019 (in thousands) Issuer Solutions Merchant Solutions Consumer Solutions Total Volume-based revenues $ 230,211 322,812 218,696 $ 771,719 Non-volume related revenues 239,948 22,369 495 262,812 Total revenues $ 470,159 345,181 219,191 $ 1,034,531 Three months ended March 31, 2018 (in thousands) Issuer Solutions Merchant Solutions Consumer Solutions Total Volume-based revenues $ 219,271 298,948 209,721 $ 727,940 Non-volume related revenues 238,088 20,475 667 259,230 Total revenues $ 457,359 319,423 210,388 $ 987,170 Issuer Solutions Volume-based revenues are generated from charges based on the number of Accounts on File (“AOF”), transactions and authorizations processed, statements generated, and other processing services for cardholder AOF. Cardholder AOF includes active and inactive consumer credit, retail, prepaid, stored value and commercial card accounts. TSYS’ clients also have the option to use fraud and portfolio management services which are based on authorizations processed and AOF, respectively. Collectively, these services are considered volume-based revenues. Non-volume related revenues include processing fees which are not directly associated with AOF and transactional activity, such as value-added products and services, custom programming and certain other services, which are only offered to TSYS’ processing clients. Additionally, non-volume based revenues include licensing, managed services and output services such as card and document production. Merchant Solutions The Merchant Solutions segment’s revenues primarily consist of volume-based revenues generated from charges based on sales volume processed, and authorized transactions and settled transactions processed. Non-volume related revenues include chargeback and retrieval services, data transmissions, value added products and managed services which are not directly associated with transactional activity. Consumer Solutions The Consumer Solutions segment’s revenues primarily consist of volume-based revenues generated from a portion of the service fees collected from cardholders and interchange revenues. Non-volume related revenues include value-added products and services which are not directly associated with transactional activity. The following table summarizes revenue from contracts with customers, by currency, for the three months ended March 31, 2019 and 2018: Three months ended March 31, 2019 (in thousands) Issuer Solutions Merchant Solutions Consumer Solutions Total U.S. dollar $ 372,000 344,871 219,191 $ 936,062 British Pound Sterling 65,152 - - 65,152 Euro 25,611 - - 25,611 Other 7,396 310 - 7,706 Total revenues $ 470,159 345,181 219,191 $ 1,034,531 Three months ended March 31, 2018 (in thousands) Issuer Merchant Solutions Consumer Solutions Total U.S. dollar $ 359,870 319,219 210,388 $ 889,477 British Pound Sterling 63,121 - - 63,121 Euro 26,597 - - 26,597 Other 7,771 204 - 7,975 Total revenues $ 457,359 319,423 210,388 $ 987,170 See Note 11 Performance obligations The following table includes estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied or partially unsatisfied at the end of the reporting period. The purpose of this disclosure is to provide additional information about the amounts and expected timing of revenue to be recognized from the remaining performance obligations in the Company’s existing contracts. For revenue which is recognized using (i) the “as-invoiced” practical expedient and (ii) the “direct allocation” method, the Company is required to disclose the value of unsatisfied performance obligations for contractual minimums only. Accordingly, the total unsatisfied or partially unsatisfied performance obligations related to processing services are materially higher than the amounts disclosed in the below table. (in thousands) Remainder of 2019 2020 2021 2022 2023 - 2029 Total Unsatisfied or partially unsatisfied performance obligations $ 586,952 632,569 532,219 387,996 468,465 $ 2,608,201 Contract balances Contract assets are defined as an entity’s right to consideration in exchange for goods or services that the entity has transferred to a Contract liabilities are defined as an entity’s obligation to transfer goods or services to a Net contract assets and liabilities may include amounts related to signing incentives for signing or renewing long-term contracts. Capitalized signing incentives are amortized over the contract term and the amortization is included as a reduction of revenues in the Company’s Consolidated Statements of Income. ASC 606 requires an entity to present in its Consolidated Balance Sheets the net position in a customer contract on a contract-by-contract basis. The net position in a customer contract is presented as either contract assets or contract liabilities. Significant changes in the contract assets and liabilities balances during the three months ended March 31, 2019 are as follows: Three months ended March 31, 2019 (in thousands) Contract Assets Increase/(Decrease) Contract Liabilities (Increase)/Decrease Signing incentive additions $ 22,540 $ - Signing incentive amortization (6,721) (1,093) Revenue recognized in advance of billings 6,005 - Billed amounts transferred to receivables (2,004) - Cash received from customers (1,396) (47,981) Deferred revenue that was recognized as revenue 2,349 37,294 Other changes in contract assets and contract liabilities primarily relate to movements in net contract position (between contract assets and contract liabilities) each period and foreign currency translation.

Leases

Leases	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Leases	Note 4 – Leases The Company adopted ASU No. 2016-02 and related ASUs (“ASC 842”) as of January 1, 2019 using the cumulative effect method. Upon adoption, the Company recorded right-of-use (“ROU”) assets of $195.2 million and additional operating liabilities of approximately $190.7 million for existing operating leases. Also as part of the initial adoption, the Company wrote off the carrying value of favorable lease intangible assets of $2.1 million and increased the ROU assets by the same amount. The cumulative effect adjustment recorded to opening retained earnings was not material. The adoption of this ASU did not have a material impact on the Company’s results of operations or cash flows. Description of leases and lease policies - lessee TSYS enters into leases for datacenters, facilities, computer equipment and certain other equipment. Leases with an initial term of 12 months or less are not recorded on the balance sheet. TSYS recognizes lease expense or depreciation expense for leases on a straight-line basis over the lease term. Variable lease expense primarily relates to maintenance and other monthly expenses that do not depend on an index or rate. TSYS determines if an arrangement is a lease at contract inception. Operating leases are included in operating lease ROU assets, other current liabilities, and operating lease liabilities in our Consolidated Balance Sheet. Finance leases are included in property and equipment, net and current and long-term obligations under finance leases in our Consolidated Balance Sheet. ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent its obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at the commencement date based on the present value of the future lease payments. As most of its leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. TSYS uses the implicit rate when readily determinable. The operating lease ROU asset also includes any lease payments made and excludes lease incentives received. TSYS lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. TSYS has lease agreements with lease and non-lease components, which are combined and accounted for as a single lease component for all asset classes excluding computer equipment. For computer equipment leases, the Company accounts for the lease and non-lease components as separate components. The majority of computer equipment lease commitments come with a renewal option or an option to terminate the lease. These lease commitments may be replaced with new leases, which allow the Company to continually update its computer equipment. Practical expedients and policy elections The Company has elected to utilize the following practical expedients and accounting policy elections:  Electing as a package, the Company did not reassess: (a) whether expired or existing contracts contain leases under the new definition of a lease, (b) lease classification for expired or existing leases, and (c) whether previously capitalized initial direct costs would qualify for capitalization under ASU No. 2016-02.  The Company did not evaluate land easements that existed or expired before the Company’s adoption of ASU No. 2016-02 and that were not previously accounted for as leases.  From a lessee perspective, the Company has elected to combine lease and non-lease components for all classes of assets except for computer equipment. Accordingly, for all asset classes excluding computer equipment, the Company accounts for the combined lease and non-lease components as a single lease component. For computer equipment, the Company accounts for lease and non-lease components, such as maintenance, separately.  From a lessee perspective, the Company has elected, as an accounting policy election by class of underlying asset, not to recognize ROU assets and lease liabilities for short-term leases.  From a lessor perspective, the Company has elected to utilize the practical expedient in ASU No. 2018-11 to not separate non-lease components from the associated lease component for arrangements including point-of-sale (“POS”) terminals. Since the predominant component in these arrangements is service revenue and not the POS terminal, the combined components in these arrangements will be accounted for under ASC 606 and not ASC 842.  The Company utilized incremental borrowing rates in transition (as of January 1, 2019) based on the remaining lease payments and remaining lease term. The Company decided not to elect the use of hindsight in determining the lease term and in assessing impairment of the Company’s ROU assets. Supplemental Information Supplemental balance sheet information related to leases is as follows: (in thousands) March 31, 2019 December 31, 2018 Lease assets: Operating lease right-of-use assets, net: Computer equipment $ 74,587 na Facilities 131,420 na Other 232 na Total operating lease right-of-use assets, net 206,239 na Finance lease right-of-use assets: Computer and other equipment 78,794 91,526 Furniture and other equipment 3,859 6,104 Total finance lease assets 82,653 97,630 Less accumulated depreciation: Computer and other equipment (37,622) (47,903) Furniture and other equipment (2,823) (4,859) Total accumulated depreciation (40,445) (52,762) Total finance lease right-of-use assets, net 42,208 44,868 Total lease assets $ 248,447 44,868 Lease liabilities: Current portion of operating lease liabilities $ 49,469 na Operating lease liabilities, excluding current portion 168,505 na Current portion of obligations under finance leases 5,976 5,934 Obligations under finance leases, excluding current portion 29,849 31,243 Total lease liabilities $ 253,799 37,177 na = not applicable since TSYS adopted ASC 842 as of January 1, 2019 As of March 31, 2019, finance lease assets and finance lease accumulated depreciation decreased by approximately $15.0 million and $12.3 million, respectively, when compared to December 31, 2018. This decrease is related to the execution of purchase options for certain finance leases as well as the retirement of certain assets no longer in use. The balances of any finance leases subject to purchase options exercised during the three months ended March 31, 2019 were subsequently moved to Property and Equipment. Lease expense The components of lease expense are as follows: Three months ended (in thousands) March 31, 2019 Operating lease expense: Fixed lease expense $ 14,975 Variable lease expense 1,969 Short-term lease expense 1,369 Total operating lease expense 18,313 Finance lease expense: Amortization of ROU assets 2,891 Interest on finance lease liabilities 388 Total finance lease expense 3,279 Total lease expense $ 21,592 Total rental expense under all operating leases for the year ended December 31, 2018 was $128.6 million. Other lease information Supplemental cash flow information related to leases is as follows: Three months ended (in thousands) March 31, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 18,882 Operating cash flows from finance leases 388 Financing cash flows from finance leases 1,461 Three months ended March 31, (in thousands) 2019 2018 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 36,369 na Finance leases - 6,818 na = not applicable since TSYS adopted ASC 842 as of January 1, 2019 The weighted-average remaining lease term and weighted-average discount rate are as follows: Three months ended March 31, 2019 Weighted-average remaining lease term (years): Operating leases 5.32 Finance leases 5.81 Weighted-average discount rate: Operating leases 4.25 % Finance leases 8.46 % Maturity of lease liabilities The future minimum lease payments under noncancelable operating and finance leases with remaining terms greater than one year for the next five years and thereafter and in the aggregate as of March 31, 2019 and December 31, 2018, are as follows: March 31, 2019 December 31, 2018 (in thousands) Operating Leases Finance Leases Operating Leases Finance Leases 2019 1 $ 43,544 5,581 54,818 7,393 2020 54,611 7,406 54,738 7,319 2021 51,209 7,161 50,794 7,085 2022 42,355 7,127 42,048 7,051 2023 19,226 6,732 19,089 6,658 Thereafter 33,057 6,936 32,894 6,868 Total lease payments 244,002 40,943 254,381 42,374 Less imputed interest (24,081) (4,840) na (5,197) Total $ 219,921 36,103 254,381 37,177 na = not applicable since TSYS adopted ASC 842 as of January 1, 2019 1 For the three months ended March 31, 2019, this row represents the remaining payments from April to December 2019. In March 2019, the Company entered into operating and finance leases for certain computer equipment whose commencement dates range from July 2019 to August 2019. Amounts related to these operating and finance leases totaling $2.2 million are not reflected on the Company’s consolidated balance sheet as of March 31, 2019. However, amounts related to these operating and finance leases are reflected in the above disclosure of future operating lease commitments as of March 31, 2019. In April 2019, the Company entered into operating leases for certain facilities whose commencement dates range from April 1, 2019 to November 1, 2019. Amounts related to these operating leases are not reflected on the Company’s consolidated balance sheet as of March 31, 2019 or in the above disclosure of operating lease commitments as of March 31, 2019.

Long-term Borrowings, Capital L

Long-term Borrowings, Capital Lease Obligations and License Agreements	3 Months Ended
	Mar. 31, 2019
Long-term Borrowings, Capital Lease Obligations and License Agreements
Long-Term Borrowings, Capital Lease Obligations and License Agreements	Note 5 — Long-Term Borrowings and License Agreements Refer to Note 12 of the Company’s audited financial statements for the year ended December 31, 2018, which is included as Exhibit 13.1 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2018, as filed with the SEC, for further discussion regarding long-term borrowings and license agreements.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies
Commitments and Contingencies	Note 6 — Commitments and Contingencies Refer to Note 15 of the Company’s audited financial statements for the year ended December 31, 2018, which is included as Exhibit 13.1 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2018, as filed with the SEC, for a discussion regarding commitments and contingencies. Legal Proceedings – General The Company is subject to various legal proceedings and claims and is also subject to information requests, inquiries and investigations arising out of the ordinary conduct of its business. The Company establishes accruals for litigation and similar matters when those matters present loss contingencies that TSYS determines to be both probable and reasonably estimable in accordance with GAAP. Legal costs are expensed as incurred. In the opinion of management, based on current knowledge and in part upon the advice of legal counsel, all matters not specifically discussed below are believed to be adequately covered by insurance, or, if not covered, the possibility of losses from such matters are believed to be remote or such matters are of such kind or involve such amounts that would not have a material adverse effect on the financial position, results of operations or cash flows of the Company if disposed of unfavorably. TelexFree Matter ProPay, Inc. (“ProPay”), a subsidiary of the Company, has been named as one of a number of defendants (including other merchant processors) in several purported class action lawsuits relating to the activities of TelexFree, Inc. and its affiliates and principals. TelexFree is a former merchant customer of ProPay. With regard to TelexFree, each purported class action lawsuit generally alleges that TelexFree engaged in an improper multi-tier marketing scheme involving voice-over Internet protocol telephone services. The plaintiffs in each of the purported class action complaints generally allege that the various merchant processor defendants, including ProPay, aided and abetted the improper activities of TelexFree. TelexFree filed for bankruptcy protection in Nevada. The bankruptcy proceeding was subsequently transferred to the Massachusetts Bankruptcy Court. Specifically, ProPay has been named as one of a number of defendants (including other merchant processors) in each of the following purported class action complaints relating to TelexFree: (i) Waldermara Martin, et al. v. TelexFree, Inc., et al. (Case No. BK-S-14-12524-ABL) (Bankr. D. Nev.); (ii) Anthony Cellucci, et al. v. TelexFree, Inc., et. al. (Case No. 4:14-BK-40987) (Bankr. D. Mass.); (iii) Maduako C. Ferguson Sr., et al. v. Telexelectric, LLP, et. al (Case No. 5:14-CV-00316-D) (E.D.N.C.); (iv) Todd Cook v. TelexElectric LLP et al. (Case No. 2:14-CV-00134) (N.D. Ga.); (v) Felicia Guevara v. James M. Merrill et al., CA No. 1:14-cv-22405-DPG) (S.D. Fla.); (vi) Reverend Jeremiah Githere, et al. v. TelexElectric LLP et al. (Case No. 1:14-CV-12825-GAO) (D. Mass.); (vii) Paulo Eduardo Ferrari et al. v. Telexfree, Inc. et al. (Case No. 14-04080) (Bankr. D. Mass); (viii) Magalhaes v. TelexFree, Inc., et al., No. 14-cv-12437 (D. Mass.); (ix) Griffith v. Merrill et al., No. 14-CV-12058 (D. Mass.); (x) Abelgadir v. Telexelectric, LLP, No. 14-09857 (S.D.N.Y.); and (xi) Rita Dos Santos, v. TelexElectric, LLP et al., 2:15-cv-01906-NVW (D. Ariz.) (together, the “Actions”). On October 21, 2014, the Judicial Panel on Multidistrict Litigation (“JPML”) transferred and consolidated the Actions filed before that date to the United States District Court for the District of Massachusetts (the “Consolidated Action”). The JPML subsequently transferred the remaining Actions to the Consolidated Action. The Consolidated Action is styled In Re: Telexfree Securities Litigation (4:14-md-02566-TSH) (D. Mass.). The plaintiffs in the Consolidated Action filed a First Consolidated Amended Complaint on March 31, 2015 and filed a Second Consolidated Amended Complaint (the “Second Amended Complaint”) on April 30, 2015. The Second Amended Complaint, which supersedes the complaints filed prior to consolidation of the Actions, purports to bring claims on behalf of all persons who purchased certain TelexFree “memberships” and suffered a “net loss” between January 1, 2012 and April 16, 2014. With respect to ProPay, the Second Amended Complaint alleges that ProPay aided and abetted tortious acts committed by TelexFree, and that ProPay was unjustly enriched in the course of providing payment processing services to TelexFree. Several defendants, including ProPay, moved to dismiss the Second Amended Complaint on June 2, 2015. The court held a hearing on the motions to dismiss on November 2, 2015. On January 29, 2019, the court granted in part and denied in part ProPay’s motion to dismiss the Second Amended Complaint. The court dismissed plaintiffs’ claim that ProPay was unjustly enriched by the alleged TelexFree fraud, but denied ProPay’s motion to dismiss the plaintiffs’ claim that ProPay allegedly aided and abetted TelexFree’s purported scheme. The court’s ruling does not reflect any determination of the merits of the plaintiffs’ aiding and abetting claim against ProPay, but instead is merely a ruling that the plaintiffs have alleged facts that could potentially entitle them to relief from ProPay if those facts were true. ProPay denies that it had any knowledge of TelexFree’s alleged fraud or that it aided and abetted that fraud in any way. After deciding the motions to dismiss filed by ProPay and some of the other defendants in the litigation, the court lifted the stay on discovery that had been in place since the outset of the Consolidated Action. Approximately 50 defendants remain in the litigation. The Court held a scheduling conference on March 20, 2019, but has not yet entered an order setting the case schedule. ProPay has also received various subpoenas, a seizure warrant and other inquiries requesting information regarding TelexFree from (i) the Commonwealth of Massachusetts, Securities Division, (ii) United States Securities and Exchange Commission, (iii) US Immigration and Customs Enforcement, and (iv) the bankruptcy Trustee of the Chapter 11 entities of TelexFree, Inc., TelexFree, LLC and TelexFree Financial, Inc. Pursuant to the seizure warrant served by the United States Attorney’s Office for the District of Massachusetts, ProPay delivered all funds associated with TelexFree held for chargeback and other purposes by ProPay to US Immigration and Customs Enforcement. In addition, ProPay received a notice of potential claim from the bankruptcy Trustee as a result of the relationship of ProPay with TelexFree and its affiliates. While the Company and ProPay intend to vigorously defend the Consolidated Action and other matters arising out of the relationship of ProPay with TelexFree and believe ProPay has substantial defenses related to these purported claims, the Company currently cannot reasonably estimate losses attributable to these matters.

Share-Based Compensation

Share-Based Compensation	3 Months Ended
	Mar. 31, 2019
Share-Based Compensation
Share-Based Compensation	Note 7 — Share-Based Compensation Refer to Notes 1 and 18 of the Company’s audited financial statements for the year ended December 31, 2018, which are included as Exhibit 13.1 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2018, as filed with the SEC, for a discussion regarding the Company’s share-based compensation plans and policy. Share-Based Compensation Share-based compensation costs are classified as selling, general and administrative expenses on the Company’s statements of income and corporate administration and other expenses for segment reporting purposes. TSYS’ share-based compensation costs are expensed, rather than capitalized, as these awards are typically granted to individuals not involved in capitalizable activities. Below is a summary of share-based compensation expense for the three months ended March 31, 2019 and 2018: Three months ended March 31, (in thousands) 2019 2018 Share-based compensation $ 10,714 6,295 Nonvested Share Awards - Time-Based The Company granted awards of TSYS common stock to certain key employees. The nonvested stock bonus awards are typically for services to be provided in the future and vest over a period of up to four years. The market value of the TSYS common stock as of the date of issuance is charged as compensation expense over the vesting periods of the awards. As of March 31, 2019, there was approximately $41.2 million of unrecognized compensation cost related to time-based nonvested share awards. Three months ended March 31, 2019 2018 Number of shares granted 304,911 292,359 Market value ( in millions ) $ 28.0 26.1 Performance- and Market-Based Awards The Company granted performance- and market-based awards to certain key employees. The performance- and market-based goals are established by the Compensation Committee of the Board of Directors and will vest up to a maximum of 200%. During the first three months of 2019 and 2018, the Compensation Committee established performance goals based primarily on various financial and market-based measures. The Company’s market-based awards are based upon the Company’s Total Shareholder Return (“TSR”) as compared to the TSR of the companies in the S&P 500 determined at the end of the performance period for 2018 and determined using a twenty day average of the fair market value at the beginning and end of the performance period for 2019 awards. Compensation expense for performance shares is measured on the grant date based on the quoted market price of TSYS common stock. The Company estimates the probability of achieving the goals through the performance period and expenses the awards on a straight-line basis. The fair value of market-based awards is estimated on the grant date using a Monte Carlo simulation model. The Company expenses market-based awards on a straight-line basis. Compensation costs related to performance- and market-based shares are recognized through the longer of the performance period or the vesting period. As of March 31, 2019, there was approximately $28.4 million of unrecognized compensation cost related to TSYS performance-based awards that is expected to be recognized through December 2021. As of March 31, 2019, there was approximately $4.7 million of unrecognized compensation cost related to TSYS market-based awards that is expected to be recognized through December 2021. During the three months ended March 31, 2019 and 2018, the Company granted performance-based awards based on non-financial metrics and the following performance measures: Performance Measure Definition of Measure Adjusted diluted EPS Adjusted earnings divided by weighted average diluted shares outstanding used for diluted EPS calculations. Adjusted earnings is net income excluding the after-tax impact of share-based compensation expense, amortization of acquisition intangibles, merger and acquisition expenses for completed acquisitions and litigation claims, judgments or settlement expenses and related legal expenses. Net revenue Net revenue is total revenues less reimbursable items that are recorded by TSYS as expense. Adjusted EBITDA Adjusted EBITDA is net income excluding equity in income of equity investments, nonoperating income/(expense), income taxes, depreciation, amortization, share-based compensation expenses and other items. The number of performance-based shares with a one to two year performance period granted during the three months ended March 31, 2019 and 2018 totaled 86,779 and 95,748. The number of performance-based shares with a three year performance period granted during the three months ended March 31, 2019 and 2018, totaled 79,132 and 79,218, respectively. The grants awarded with a three year performance period during the first three months of 2019 and 2018 will be expensed through December 31, 2021 and 2020, respectively. The number of market-based awards granted during the three months ended March 31, 2019 and 2018 were 30,856 and 33,940, respectively. The performance measure for the market-based awards is the Company’s TSR as compared to the TSR of the companies in the S&P 500 determined at the end of the performance period for 2018 and determined using a twenty day average of the fair market value at the beginning and end of the performance period for 2019 awards. Stock Option Awards The Company granted stock options to certain key executives. The grants will vest over a period of up to three years. The weighted average fair value of the option grants was estimated on the date of grant using the Black-Scholes-Merton option-pricing model with the following weighted average assumptions: Three months ended March 31, 2019 2018 Number of options granted 223,520 341,659 Weighted average exercise price $ 91.93 87.08 Risk-free interest rate 2.48 % 2.55 % Expected volatility 22.79 % 21.80 % Expected term (years) 4.8 4.8 Dividend yield 0.57 % 0.60 % Weighted average fair value $ 21.85 19.34 As of March 31, 2019, there was approximately $7.0 million of unrecognized compensation cost related to TSYS stock options that is expected to be recognized over a remaining weighted average period of 1.9 years.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2019
Income Taxes
Income Taxes	Note 8 — Income Taxes Refer to Notes 1 and 14 of the Company’s audited financial statements for the year ended December 31, 2018, which are included as Exhibit 13.1 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2018, as filed with the SEC, for a discussion regarding income taxes. TSYS is the parent of an affiliated group that files a consolidated U.S. federal income tax return, consolidated income tax returns for most states and separate entity basis income tax returns for most foreign jurisdictions. In the normal course of business, the Company is subject to examinations by these taxing authorities unless statutory examination periods lapse. TSYS is no longer subject to U.S. federal income tax examinations for years before 2011 and with few exceptions, the Company is no longer subject to income tax examinations from state and local or foreign tax authorities for years before 2011. There are currently federal income tax examinations in progress for the years 2011 through 2013. In March 2019, TSYS reached a closing agreement with the IRS for the federal income tax examinations of these years. Additionally, a number of tax examinations are in progress by the relevant state tax authorities. Although TSYS is unable to determine the ultimate outcome of these examinations, TSYS believes that its liability for uncertain tax positions relating to these jurisdictions for such years is adequate. TSYS’ effective tax rate was 16.6% and 12.0% for the three months ended March 31, 2019 and 2018, respectively. The primary reasons for the higher effective income tax rate for the three months ended March 31, 2019 as compared to the same period last year is a decrease to the favorable discrete item for excess tax benefits of share-based compensation offset by a reduction in FIN 48 reserves. GAAP prescribes a recognition threshold and measurement attribute for the financial statement recognition, measurement and disclosure of a tax position taken or expected to be taken in a tax return. The unrecognized tax benefit amounts were $18.4 million and $22.3 million as of March 31, 2019 and December 31, 2018, respectively, which resulted in a decrease of $3.9 million during the period. TSYS recognizes potential interest and penalties related to the underpayment of income taxes as income tax expense in the Consolidated Statements of Income. Gross accrued interest and penalties on unrecognized tax benefits totaled $1.5 million and $2.5 million as of March 31, 2019 and December 31, 2018, respectively. The total amounts of unrecognized income tax benefits as of March 31, 2019 and December 31, 2018, that, if recognized, would affect the effective tax rates are $18.8 million and $23.5 million (net of the federal benefit on state tax issues), respectively, which include interest and penalties of $0.9 million and $1.7 million, respectively. TSYS does not expect any significant changes to its calculation of uncertain tax positions during the next twelve months.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2019
Earnings Per Share
Earnings Per Share	Note 9 – Earnings Per Share The following tables illustrate basic and diluted EPS for the three months ended March 31, 2019 and 2018: Three months ended March 31, 2019 2018 (in thousands, except per share data) Common Common Basic EPS: Net income attributable to TSYS common shareholders $ 161,607 141,841 Less income allocated to nonvested awards (38) (168) Net income allocated to common stock for EPS calculation (a) $ 161,569 141,673 Weighted average shares outstanding 178,435 181,612 Less participating securities (41) (217) Average common shares outstanding (b) 178,394 181,395 Basic EPS (a)/(b) $ 0.91 0.78 Diluted EPS: Net income attributable to TSYS common shareholders $ 161,607 141,841 Less income allocated to nonvested awards (38) (168) Add income reallocated to nonvested awards 1 38 168 Net income allocated to common stock for EPS calculation (c) $ 161,607 141,841 Weighted average shares outstanding 178,435 181,612 Less participating securities (41) (217) Average common shares outstanding 178,394 181,395 Increase due to assumed issuance of shares related to common equivalent shares outstanding 867 1,236 Average nonvested awards 1 625 667 Average common and common equivalent shares outstanding (d) 179,886 183,298 Diluted EPS (c)/(d) $ 0.90 0.77 1 In accordance with the diluted EPS guidance under the two-class method, the Company uses the approach- either the treasury stock method or the two-class method assuming a participating security is not exercised- that is more dilutive. The diluted EPS calculation excludes stock options and nonvested awards that are exercisable into 0.3 million common shares for the three months ended March 31, 2019, and excludes 0.3 million common shares for the three months ended March 31, 2018, because their inclusion would have been anti-dilutive.

Supplementary Cash Flow Informa

Supplementary Cash Flow Information	3 Months Ended
	Mar. 31, 2019
Supplementary Cash Flow Information
Supplementary Cash Flow Information	Note 10 — Supplementary Cash Flow Information Software Acquired Under License Agreements There was approximately $6.9 million and $3.4 million of software acquired under license agreements in the first three months of 2019 and 2018, respectively. Additionally, the Company did not acquire software through vendor financing and other arrangements during the first three months of 2019 compared to $36.5 million of software acquired through vendor financing and other arrangements during the first three months of 2018.

Segment Reporting and Major Cus

Segment Reporting and Major Customers	3 Months Ended
	Mar. 31, 2019
Segment Reporting and Major Customers
Segment Reporting and Major Customers	Note 11 — Segment Reporting and Major Customers Refer to Note 21 of the Company’s audited financial statements for the year ended December 31, 2018, which is included as Exhibit 13.1 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2018, as filed with the SEC, for a discussion regarding segment reporting and major customers. At TSYS, the chief operating decision maker (“CODM”) is a group consisting of Senior Executive Management. In the first quarter of 2019, the CODM changed the profitability measure for its operating segments to adjusted segment EBITDA. All periods presented have been adjusted to reflect this new measure. The following table presents the Company’s total assets by segment: As of (in thousands) March 31, 2019 December 31, 2018 Issuer Solutions $ 7,075,930 6,843,451 Merchant Solutions 4,247,317 4,248,183 Consumer Solutions 1,419,687 1,374,667 Intersegment assets (4,968,802) (4,997,592) Total assets $ 7,774,132 7,468,709 The Company maintains property and equipment, net of accumulated depreciation and amortization, in the following geographic areas: As of (in thousands) March 31, 2019 December 31, 2018 United States $ 321,654 321,119 Europe 47,994 45,872 Other 15,752 16,083 Total $ 385,400 383,074 The following table presents the Company’s depreciation and amortization by segment: Three months ended March 31, (in thousands) 2019 2018 Depreciation and amortization by segment: Issuer Solutions $ 28,331 Merchant Solutions 7,682 7,825 Consumer Solutions 4,416 4,259 Segment depreciation and amortization 47,265 40,415 Acquisition intangible amortization 54,957 63,023 Corporate administration and other 1,488 951 Total depreciation and amortization $ 104,389 The following tables reconcile geographic revenues to external revenues by operating segment based on the domicile of the Company’s customers: Three months ended March 31, 2019 (in thousands) Issuer Solutions Merchant Solutions Consumer Solutions Total United States $ 271,130 344,298 219,191 $ Europe 1 94,387 160 - 94,547 Canada 1 79,633 388 - 80,021 Other 1 25,009 335 - 25,344 Total $ 470,159 345,181 219,191 $ 1 Certain of these revenues are impacted by movements in foreign currency exchange rates. Three months ended March 31, 2018 (in thousands) Issuer Solutions Merchant Solutions Consumer Solutions Total United States $ 318,749 210,388 $ Europe 1 95,143 125 - 95,268 Canada 1 77,582 279 - 77,861 Other 1 20,602 270 - 20,872 Total $ 319,423 210,388 $ 1 Certain of these revenues are impacted by movements in foreign currency exchange rates. The following table presents the Company’s operating results by segment: Operating Segments Three months ended March 31, (in thousands) 2019 2018 Adjusted segment EBITDA 1 : Issuer Solutions (a) $ 204,934 195,764 Merchant Solutions (b) 128,836 118,940 Consumer Solutions (c) 63,693 53,667 Corporate administration and other (40,176) (37,449) Total 330,922 Less: Share-based compensation 10,714 6,295 Cayan and TransFirst merger & acquisition (M&A) and integration expenses 2 3,710 14,367 Depreciation and amortization 103,710 104,389 Contract asset amortization 8,038 6,874 Contract cost asset amortization 7,845 10,726 Operating income 223,270 188,271 Nonoperating expenses, net (42,991) (37,642) Income before income taxes and equity in income of equity investments $ 150,629 Net revenue by segment: Issuer Solutions (e) $ 433,473 423,574 Merchant Solutions (f) 342,956 317,403 Consumer Solutions (g) 219,178 210,489 Segment net revenue 995,607 951,466 Less: intersegment revenues 15,337 15,969 Net revenue 3 980,270 935,497 Add: reimbursable items 54,261 51,673 Total revenues $ 1,034,531 987,170 Adjusted segment EBITDA margin on net revenue: Issuer Solutions (a)/(e) Merchant Solutions (b)/(f) Consumer Solutions (c)/(g) 1 Adjusted segment EBITDA is net income excluding equity in income investments, interest expense (net of interest income), income taxes, depreciation, amortization, contract asset amortization, contract cost asset amortization, gains or losses on foreign currency translation, other nonoperating income or expenses, share-based compensation, litigation, claims, judgements or settlements and Cayan and TransFirst M&A and integration expenses. 2 Excludes share-based compensation 3 Net revenue is defined as total revenues less reimbursable items (such as postage) that are recorded by TSYS as expense . Major Customers For the three months ended March 31, 2019 and 2018, the Company did not have any major customers.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2019
Subsequent Events
Subsequent Events	Note 12 — Subsequent Events Management performed an evaluation of the Company’s activity as of the date these consolidated financial statements were issued and has concluded that there are no significant subsequent events requiring disclosure.

Summary of Significant Accounti

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2019
Basis of Presentation and Summary of Significant Accounting Policies
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements of TSYS include the accounts of TSYS and its wholly- and majority-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. These financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and the instructions to Form 10-Q and Rule 10-01 of Regulation S-X and, therefore, do not include all information and footnotes required by U.S. GAAP for complete financial statements. The preparation of the consolidated financial statements requires management of the Company to make estimates and assumptions relating to the reported amounts of assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. These estimates and assumptions are developed based upon all information available. Actual results could differ from estimated amounts. All adjustments, consisting of normal recurring accruals, which, in the opinion of management, are necessary for a fair presentation of financial position and results of operations for the periods covered by this report, have been included. The accompanying unaudited consolidated financial statements should be read in conjunction with the Company’s summary of significant accounting policies, consolidated financial statements and related notes appearing in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018, as filed with the Securities and Exchange Commission (“SEC”). Results of interim periods are not necessarily indicative of results to be expected for the year. Out-of-period adjustment As of January 1, 2019, the Company recorded an adjustment to reclassify the cumulative unrealized gain of $5.1 million related to an investment in common stock with a readily determinable fair value from other comprehensive income to opening retained earnings. This adjustment was recorded to comply with the guidance in Accounting Standards Update (“ASU”) No. 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities . Fair Value Measurement Refer to Note 3 of the Company’s audited financial statements for the year ended December 31, 2018, which is included as Exhibit 13.1 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2018, as filed with the SEC, for a discussion regarding fair value measurement. The Company had no transfers between Level 1, Level 2 or Level 3 assets during the three months ended March 31, 2019 and 2018. As of March 31, 2019, the Company had recorded goodwill in the amount of $4.1 billion. The Company performs its annual impairment testing of its goodwill balance as of May 31 st of each year. The fair value of the reporting units substantially exceeds their carrying value.
Recently Adopted and New Accounting Pronouncements	Recently Adopted Accounting Pronouncements The Company adopted the following ASUs on January 1, 2019: In September 2017, the FASB issued ASU No. 2017-13, Revenue Recognition (Topic 605), Revenues from Customers (Topic 606), Leases (Topic 840) and Leases (Topic 842), which made amendments to SEC paragraphs pursuant to the Staff Announcement at the July 20, 2017 Emerging Issues Task Force (“EITF”) Meeting and rescission of prior SEC Staff Announcements and Observer comments. This guidance, which is effective immediately, generally relates to the adoption of ASC 606 and 842. The adoption of the amendments in this ASU did not have a material impact on the Company’s financial position, results of operations or cash flows. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) , which introduced a lessee model that brings most operating leases on the balance sheet and aligns many of the underlying principles of the new lessor model with those in the FASB’s new revenue recognition standard. The FASB has issued several additional ASUs since this time that provide additional clarification to certain issues existing after the original ASU was released. All of the new standards were effective for the Company on January 1, 2019. TSYS adopted the new leases standard as of January 1, 2019 using the cumulative effect method. See Note 4 New Accounting Pronouncements Refer to Note 1 of the Company’s audited financial statements for the year ended December 31, 2018, which is included as Exhibit 13.1 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2018, as filed with the SEC, for a discussion regarding new accounting pronouncements.

Supplementary Balance Sheet I_2

Supplementary Balance Sheet Information (Tables)	3 Months Ended
	Mar. 31, 2019
Supplementary Balance Sheet Information
Schedule of cash and cash equivalent balances	(in thousands) March 31, 2019 December 31, 2018 Cash and cash equivalents in domestic accounts $ 434,130 405,535 Cash and cash equivalents in foreign accounts 60,516 65,621 Total cash and cash equivalents 494,646 471,156 Restricted cash included in other long-term assets 2,165 3,123 Total cash, cash equivalents and restricted cash shown in the statements of cash flows $ 496,811 474,279
Schedule of significant components of prepaid expenses and other current assets	(in thousands) March 31, 2019 December 31, 2018 Prepaid expenses $ 63,088 48,058 Income taxes receivable 26,782 19,362 R&D state tax credit 21,593 26,541 Supplies inventory 20,074 18,089 Other 68,692 76,305 Total $ 200,229 188,355
Schedule of significant components of other current liabilities	(in thousands) March 31, 2019 December 31, 2018 Accrued card brand fees $ 62,637 55,991 Accrued interest 53,960 22,191 Accrued third-party commissions 52,187 46,977 Accrued expenses 29,705 25,178 Dividends payable 23,736 24,645 Other 93,553 93,168 Total $ 315,778 268,150
Schedule of income tax effects allocated to and cumulative balance of each component of accumulated other comprehensive income (loss)	(in thousands) Foreign Currency Translation Adjustments Gain on Available-For-Sale Securities Change in Postretirement Healthcare Plans Total Accumulated Other Comprehensive Loss, Net of Tax Balance as of December 31, 2018 $ (63,186) 5,052 (2,089) $ (60,223) Reclassification from adoption of ASU No. 2016-01 (Note 1) - (5,052) - (5,052) Balance after reclassification (a) (63,186) - (2,089) (65,275) Pretax amount 11,418 - (231) 11,187 Tax effect 992 - (52) 940 Net-of-tax amount (b) 10,426 - (179) 10,247 Balance as of March 31, 2019 (a)+(b) $ (52,760) - (2,268) $ (55,028)

Revenues (Tables)

Revenues (Tables)	3 Months Ended
	Mar. 31, 2019
Revenue from Contract with Customer [Abstract]
Schedule of disaggregation of revenue	The following table summarizes volume-based and non-volume related revenue from contracts with external customers for the three months ended March 31, 2019 and 2018: Three months ended March 31, 2019 (in thousands) Issuer Solutions Merchant Solutions Consumer Solutions Total Volume-based revenues $ 230,211 322,812 218,696 $ 771,719 Non-volume related revenues 239,948 22,369 495 262,812 Total revenues $ 470,159 345,181 219,191 $ 1,034,531 Three months ended March 31, 2018 (in thousands) Issuer Solutions Merchant Solutions Consumer Solutions Total Volume-based revenues $ 219,271 298,948 209,721 $ 727,940 Non-volume related revenues 238,088 20,475 667 259,230 Total revenues $ 457,359 319,423 210,388 $ 987,170
Schedule of disaggregation of revenue by currency	The following table summarizes revenue from contracts with customers, by currency, for the three months ended March 31, 2019 and 2018: Three months ended March 31, 2019 (in thousands) Issuer Solutions Merchant Solutions Consumer Solutions Total U.S. dollar $ 372,000 344,871 219,191 $ 936,062 British Pound Sterling 65,152 - - 65,152 Euro 25,611 - - 25,611 Other 7,396 310 - 7,706 Total revenues $ 470,159 345,181 219,191 $ 1,034,531 Three months ended March 31, 2018 (in thousands) Issuer Merchant Solutions Consumer Solutions Total U.S. dollar $ 359,870 319,219 210,388 $ 889,477 British Pound Sterling 63,121 - - 63,121 Euro 26,597 - - 26,597 Other 7,771 204 - 7,975 Total revenues $ 457,359 319,423 210,388 $ 987,170
Schedule of performance obligations	(in thousands) Remainder of 2019 2020 2021 2022 2023 - 2029 Total Unsatisfied or partially unsatisfied performance obligations $ 586,952 632,569 532,219 387,996 468,465 $ 2,608,201
Schedule of changes in contract balances	Three months ended March 31, 2019 (in thousands) Contract Assets Increase/(Decrease) Contract Liabilities (Increase)/Decrease Signing incentive additions $ 22,540 $ - Signing incentive amortization (6,721) (1,093) Revenue recognized in advance of billings 6,005 - Billed amounts transferred to receivables (2,004) - Cash received from customers (1,396) (47,981) Deferred revenue that was recognized as revenue 2,349 37,294

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Supplemental balance sheet information related to leases	Supplemental balance sheet information related to leases is as follows: (in thousands) March 31, 2019 December 31, 2018 Lease assets: Operating lease right-of-use assets, net: Computer equipment $ 74,587 na Facilities 131,420 na Other 232 na Total operating lease right-of-use assets, net 206,239 na Finance lease right-of-use assets: Computer and other equipment 78,794 91,526 Furniture and other equipment 3,859 6,104 Total finance lease assets 82,653 97,630 Less accumulated depreciation: Computer and other equipment (37,622) (47,903) Furniture and other equipment (2,823) (4,859) Total accumulated depreciation (40,445) (52,762) Total finance lease right-of-use assets, net 42,208 44,868 Total lease assets $ 248,447 44,868 Lease liabilities: Current portion of operating lease liabilities $ 49,469 na Operating lease liabilities, excluding current portion 168,505 na Current portion of obligations under finance leases 5,976 5,934 Obligations under finance leases, excluding current portion 29,849 31,243 Total lease liabilities $ 253,799 37,177 na = not applicable since TSYS adopted ASC 842 as of January 1, 2019
Components of lease expense	The components of lease expense are as follows: Three months ended (in thousands) March 31, 2019 Operating lease expense: Fixed lease expense $ 14,975 Variable lease expense 1,969 Short-term lease expense 1,369 Total operating lease expense 18,313 Finance lease expense: Amortization of ROU assets 2,891 Interest on finance lease liabilities 388 Total finance lease expense 3,279 Total lease expense $ 21,592
Supplemental cash flow information	Supplemental cash flow information related to leases is as follows: Three months ended (in thousands) March 31, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 18,882 Operating cash flows from finance leases 388 Financing cash flows from finance leases 1,461 Three months ended March 31, (in thousands) 2019 2018 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 36,369 na Finance leases - 6,818 na = not applicable since TSYS adopted ASC 842 as of January 1, 2019
Schedule of weighted average remaining lease term and weighted average discount rate	The weighted-average remaining lease term and weighted-average discount rate are as follows: Three months ended March 31, 2019 Weighted-average remaining lease term (years): Operating leases 5.32 Finance leases 5.81 Weighted-average discount rate: Operating leases 4.25 % Finance leases 8.46 %
Schedule of future minimum lease payments	The future minimum lease payments under noncancelable operating and finance leases with remaining terms greater than one year for the next five years and thereafter and in the aggregate as of March 31, 2019 and December 31, 2018, are as follows: March 31, 2019 December 31, 2018 (in thousands) Operating Leases Finance Leases Operating Leases Finance Leases 2019 1 $ 43,544 5,581 54,818 7,393 2020 54,611 7,406 54,738 7,319 2021 51,209 7,161 50,794 7,085 2022 42,355 7,127 42,048 7,051 2023 19,226 6,732 19,089 6,658 Thereafter 33,057 6,936 32,894 6,868 Total lease payments 244,002 40,943 254,381 42,374 Less imputed interest (24,081) (4,840) na (5,197) Total $ 219,921 36,103 254,381 37,177 na = not applicable since TSYS adopted ASC 842 as of January 1, 2019 1 For the three months ended March 31, 2019, this row represents the remaining payments from April to December 2019.

Share-Based Compensation (Table

Share-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2019
Share-based Compensation
Summary of share-based compensation expense	Three months ended March 31, (in thousands) 2019 2018 Share-based compensation $ 10,714 6,295
Summary of weighted average assumptions, and weighted average fair value of options	Three months ended March 31, 2019 2018 Number of options granted 223,520 341,659 Weighted average exercise price $ 91.93 87.08 Risk-free interest rate 2.48 % 2.55 % Expected volatility 22.79 % 21.80 % Expected term (years) 4.8 4.8 Dividend yield 0.57 % 0.60 % Weighted average fair value $ 21.85 19.34
Performance Based Award Non-Financial Metrics [Table Text Block]	During the three months ended March 31, 2019 and 2018, the Company granted performance-based awards based on non-financial metrics and the following performance measures: Performance Measure Definition of Measure Adjusted diluted EPS Adjusted earnings divided by weighted average diluted shares outstanding used for diluted EPS calculations. Adjusted earnings is net income excluding the after-tax impact of share-based compensation expense, amortization of acquisition intangibles, merger and acquisition expenses for completed acquisitions and litigation claims, judgments or settlement expenses and related legal expenses. Net revenue Net revenue is total revenues less reimbursable items that are recorded by TSYS as expense. Adjusted EBITDA Adjusted EBITDA is net income excluding equity in income of equity investments, nonoperating income/(expense), income taxes, depreciation, amortization, share-based compensation expenses and other items.
Nonvested Share Awards
Share-based Compensation
Summary of shares granted	Three months ended March 31, 2019 2018 Number of shares granted 304,911 292,359 Market value ( in millions ) $ 28.0 26.1

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2019
Earnings Per Share
Schedule of basic and diluted EPS	Three months ended March 31, 2019 2018 (in thousands, except per share data) Common Common Basic EPS: Net income attributable to TSYS common shareholders $ 161,607 141,841 Less income allocated to nonvested awards (38) (168) Net income allocated to common stock for EPS calculation (a) $ 161,569 141,673 Weighted average shares outstanding 178,435 181,612 Less participating securities (41) (217) Average common shares outstanding (b) 178,394 181,395 Basic EPS (a)/(b) $ 0.91 0.78 Diluted EPS: Net income attributable to TSYS common shareholders $ 161,607 141,841 Less income allocated to nonvested awards (38) (168) Add income reallocated to nonvested awards 1 38 168 Net income allocated to common stock for EPS calculation (c) $ 161,607 141,841 Weighted average shares outstanding 178,435 181,612 Less participating securities (41) (217) Average common shares outstanding 178,394 181,395 Increase due to assumed issuance of shares related to common equivalent shares outstanding 867 1,236 Average nonvested awards 1 625 667 Average common and common equivalent shares outstanding (d) 179,886 183,298 Diluted EPS (c)/(d) $ 0.90 0.77 1 In accordance with the diluted EPS guidance under the two-class method, the Company uses the approach- either the treasury stock method or the two-class method assuming a participating security is not exercised- that is more dilutive.

Segment Reporting and Major C_2

Segment Reporting and Major Customers (Tables)	3 Months Ended
	Mar. 31, 2019
Segment Reporting and Major Customers
Schedule of operating income and revenue by segment	Operating Segments Three months ended March 31, (in thousands) 2019 2018 Adjusted segment EBITDA 1 : Issuer Solutions (a) $ 204,934 195,764 Merchant Solutions (b) 128,836 118,940 Consumer Solutions (c) 63,693 53,667 Corporate administration and other (40,176) (37,449) Total 330,922 Less: Share-based compensation 10,714 6,295 Cayan and TransFirst merger & acquisition (M&A) and integration expenses 2 3,710 14,367 Depreciation and amortization 103,710 104,389 Contract asset amortization 8,038 6,874 Contract cost asset amortization 7,845 10,726 Operating income 223,270 188,271 Nonoperating expenses, net (42,991) (37,642) Income before income taxes and equity in income of equity investments $ 150,629 Net revenue by segment: Issuer Solutions (e) $ 433,473 423,574 Merchant Solutions (f) 342,956 317,403 Consumer Solutions (g) 219,178 210,489 Segment net revenue 995,607 951,466 Less: intersegment revenues 15,337 15,969 Net revenue 3 980,270 935,497 Add: reimbursable items 54,261 51,673 Total revenues $ 1,034,531 987,170 Adjusted segment EBITDA margin on net revenue: Issuer Solutions (a)/(e) Merchant Solutions (b)/(f) Consumer Solutions (c)/(g) 1 Adjusted segment EBITDA is net income excluding equity in income investments, interest expense (net of interest income), income taxes, depreciation, amortization, contract asset amortization, contract cost asset amortization, gains or losses on foreign currency translation, other nonoperating income or expenses, share-based compensation, litigation, claims, judgements or settlements and Cayan and TransFirst M&A and integration expenses. 2 Excludes share-based compensation 3 Net revenue is defined as total revenues less reimbursable items (such as postage) that are recorded by TSYS as expense .
Schedule of depreciation expense by segment	The following table presents the Company’s depreciation and amortization by segment: Three months ended March 31, (in thousands) 2019 2018 Depreciation and amortization by segment: Issuer Solutions $ 28,331 Merchant Solutions 7,682 7,825 Consumer Solutions 4,416 4,259 Segment depreciation and amortization 47,265 40,415 Acquisition intangible amortization 54,957 63,023 Corporate administration and other 1,488 951 Total depreciation and amortization $ 104,389
Schedule of total assets by segment	As of (in thousands) March 31, 2019 December 31, 2018 Issuer Solutions $ 7,075,930 6,843,451 Merchant Solutions 4,247,317 4,248,183 Consumer Solutions 1,419,687 1,374,667 Intersegment assets (4,968,802) (4,997,592) Total assets $ 7,774,132 7,468,709
Schedule of property and equipment, net by geographic area	As of (in thousands) March 31, 2019 December 31, 2018 United States $ 321,654 321,119 Europe 47,994 45,872 Other 15,752 16,083 Total $ 385,400 383,074
Schedule of reconciliation of geographic revenues to external revenues by operating segment	The following tables reconcile geographic revenues to external revenues by operating segment based on the domicile of the Company’s customers: Three months ended March 31, 2019 (in thousands) Issuer Solutions Merchant Solutions Consumer Solutions Total United States $ 271,130 344,298 219,191 $ Europe 1 94,387 160 - 94,547 Canada 1 79,633 388 - 80,021 Other 1 25,009 335 - 25,344 Total $ 470,159 345,181 219,191 $ 1 Certain of these revenues are impacted by movements in foreign currency exchange rates. Three months ended March 31, 2018 (in thousands) Issuer Solutions Merchant Solutions Consumer Solutions Total United States $ 318,749 210,388 $ Europe 1 95,143 125 - 95,268 Canada 1 77,582 279 - 77,861 Other 1 20,602 270 - 20,872 Total $ 319,423 210,388 $ 1 Certain of these revenues are impacted by movements in foreign currency exchange rates.

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies - Operating Segments (Details) $ in Millions	Jan. 01, 2019USD ($)	Mar. 31, 2019segment
Segments
Operating segments | segment		3
Common Stock
Out-of-period adjustment
Unrealized gain related to an investment in common stock | $	$ 5.1

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies - Fair Value Measurement (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Basis of Presentation and Summary of Significant Accounting Policies
Asset transfers out of Level 1 into Level 2	$ 0
Asset transfers out of Level 2 into Level 1	0
Asset transfers into (out of) Level 3	0
Goodwill	$ 4,115,380,000	$ 4,114,838,000

Supplementary Balance Sheet I_3

Supplementary Balance Sheet Information (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Cash and cash equivalents in domestic accounts	$ 434,130	$ 405,535
Cash and cash equivalents in foreign accounts	60,516	65,621
Total cash and cash equivalents	494,646	471,156
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	496,811	474,279	$ 494,238	$ 451,370
Other long-term assets
Restricted cash included in other long-term assets	$ 2,165	$ 3,123

Supplementary Balance Sheet I_4

Supplementary Balance Sheet Information - Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Supplementary Balance Sheet Information
Prepaid expenses	$ 63,088	$ 48,058
Income taxes receivable	26,782	19,362
R and D state tax credit	21,593	26,541
Supplies inventory	20,074	18,089
Other	68,692	76,305
Total	$ 200,229	$ 188,355

Supplementary Balance Sheet I_5

Supplementary Balance Sheet Information - Other Current Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Supplementary Balance Sheet Information
Accrued card brand fees	$ 62,637	$ 55,991
Accrued interest	53,960	22,191
Accrued third-party commissions	52,187	46,977
Accrued expenses	29,705	25,178
Dividends payable	23,736	24,645
Other	93,553	93,168
Total	$ 315,778	$ 268,150

Supplementary Balance Sheet I_6

Supplementary Balance Sheet Information - Accumulated Other Comprehensive Loss (AOCL) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Accumulated Other Comprehensive Loss (AOCL)
Beginning Balance	$ 2,585,906
Ending Balance	2,352,760	$ 2,585,906
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Loss (AOCL)
Beginning Balance	(65,275)
Reclassification from adoption of ASU 2016-01 (Note 1)		(5,052)
Pretax Amount	11,187
Tax Effect	940
Net-of-tax Amount	10,247
Ending Balance	(55,028)	(65,275)
Accumulated Other Comprehensive Income (Loss) | Previously reported
Accumulated Other Comprehensive Loss (AOCL)
Beginning Balance	(60,223)
Ending Balance		(60,223)
Foreign currency translation adjustments and transfers from noncontrolling interests
Accumulated Other Comprehensive Loss (AOCL)
Beginning Balance	(63,186)
Pretax Amount	11,418
Tax Effect	992
Net-of-tax Amount	10,426
Ending Balance	(52,760)	(63,186)
Foreign currency translation adjustments and transfers from noncontrolling interests | Previously reported
Accumulated Other Comprehensive Loss (AOCL)
Beginning Balance	(63,186)
Ending Balance		(63,186)
Gain on available-for-sale securities
Accumulated Other Comprehensive Loss (AOCL)
Reclassification from adoption of ASU 2016-01 (Note 1)		(5,052)
Gain on available-for-sale securities | Previously reported
Accumulated Other Comprehensive Loss (AOCL)
Beginning Balance	5,052
Ending Balance		5,052
Change in postretirement healthcare plans
Accumulated Other Comprehensive Loss (AOCL)
Beginning Balance	(2,089)
Pretax Amount	(231)
Tax Effect	(52)
Net-of-tax Amount	(179)
Ending Balance	(2,268)	(2,089)
Change in postretirement healthcare plans | Previously reported
Accumulated Other Comprehensive Loss (AOCL)
Beginning Balance	$ (2,089)
Ending Balance		$ (2,089)

Revenues - (Details)

Revenues - (Details)	3 Months Ended
	Mar. 31, 2019
Minimum
Disaggregation of revenue
Individual Merchants, Contract Term	30 days
Long Term Processing Contracts, Term	3 years
Maximum
Disaggregation of revenue
Individual Merchants, Contract Term	5 years
Long Term Processing Contracts, Term	8 years

Revenues - Disaggregated Revenu

Revenues - Disaggregated Revenue (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2017
Disaggregation of revenue
Revenue	$ 1,034,531	$ 987,170
U.S. dollar
Disaggregation of revenue
Revenue	936,062	889,477
British Pound Sterling
Disaggregation of revenue
Revenue	65,152	63,121
Euro
Disaggregation of revenue
Revenue	25,611	26,597
Other
Disaggregation of revenue
Revenue	7,706	7,975
Volume-based revenues
Disaggregation of revenue
Revenue	771,719	727,940
Non-volume related revenues
Disaggregation of revenue
Revenue	262,812	259,230
Issuer Solutions
Disaggregation of revenue
Revenue	470,159	457,359
Issuer Solutions | U.S. dollar
Disaggregation of revenue
Revenue	372,000	359,870
Issuer Solutions | British Pound Sterling
Disaggregation of revenue
Revenue	65,152	63,121
Issuer Solutions | Euro
Disaggregation of revenue
Revenue	25,611	26,597
Issuer Solutions | Other
Disaggregation of revenue
Revenue	7,396	7,771
Issuer Solutions | Volume-based revenues
Disaggregation of revenue
Revenue	230,211	219,271
Issuer Solutions | Non-volume related revenues
Disaggregation of revenue
Revenue	239,948	238,088
Merchant Solutions
Disaggregation of revenue
Revenue	345,181	319,423
Merchant Solutions | U.S. dollar
Disaggregation of revenue
Revenue	344,871	319,219
Merchant Solutions | Other
Disaggregation of revenue
Revenue	310	204
Merchant Solutions | Volume-based revenues
Disaggregation of revenue
Revenue	322,812	298,948
Merchant Solutions | Non-volume related revenues
Disaggregation of revenue
Revenue	22,369	20,475
Consumer Solutions
Disaggregation of revenue
Revenue	219,191	210,388
Consumer Solutions | U.S. dollar
Disaggregation of revenue
Revenue	219,191	210,388
Consumer Solutions | Volume-based revenues
Disaggregation of revenue
Revenue	218,696	209,721
Consumer Solutions | Non-volume related revenues
Disaggregation of revenue
Revenue	$ 495	$ 667

Revenues - Performance Obligati

Revenues - Performance Obligation (Details) $ in Thousands	Mar. 31, 2019USD ($)
Revenue from Contract with Customer [Abstract]
Unsatisfied or partially unsatisfied performance obligations	$ 2,608,201
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-01-01
Revenue from Contract with Customer [Abstract]
Unsatisfied or partially unsatisfied performance obligations	$ 586,952
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	84 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-01-01
Revenue from Contract with Customer [Abstract]
Unsatisfied or partially unsatisfied performance obligations	$ 632,569
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01
Revenue from Contract with Customer [Abstract]
Unsatisfied or partially unsatisfied performance obligations	$ 532,219
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Revenue from Contract with Customer [Abstract]
Unsatisfied or partially unsatisfied performance obligations	$ 387,996
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue from Contract with Customer [Abstract]
Unsatisfied or partially unsatisfied performance obligations	$ 468,465
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	84 months

Revenues - Changes in contract

Revenues - Changes in contract assets and liabilities (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Contract Assets
Increase in net contract assets related to signing incentives additions	$ 22,540
Decrease in net contract assets related to signing incentive amortization	(6,721)
Increase in net contract assets related to revenue recognized in advance of billing	6,005
Change in net contract assets due to amounts transferred to receivables	(2,004)
Changes in net contract assets primarily relating to cash received from customers	(1,396)
Deferred revenue that was released from the net contract asset balance	2,349
Contract Liabilities
Increase in net contract liabilities related to signing incentive amortization	(1,093)
Increase in net contract liabilities primarily relating to cash received from customers	(47,981)
Deferred revenue that was released from net contract liabilities	$ 37,294

Lease (Details)

Lease (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Jan. 01, 2019
Leases
Operating leases, right to use assets	$ 206,239
Operating leases, liabilities	$ 219,921
Practical expedients, package	false
Practical expedient, hindsight	false
Intangible assets
Leases
Operating leases, right to use assets	$ 2,100
ASU 2016-02
Leases
Operating leases, right to use assets		$ 195,200
Operating leases, liabilities		$ 190,700

Lease - Supplemental Informatio

Lease - Supplemental Information (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Leases
Operating leases, right to use assets	$ 206,239
Finance lease right-of-use assets	82,653	$ 97,630
Finance Lease, Right-of-Use Asset, Amortization	(2,891)
Total lease assets	248,447	44,868
Current portion of operating lease liabilities (Note 4)	49,469
Operating lease liabilities, excluding current portion (Note 4)	168,505
Current portion of obligations under finance leases and license agreements (Note 4)	5,976	5,934
Obligations under finance leases, excluding current portion (Note 4)	29,849	31,243
Total lease liabilities	253,799	37,177
Decrease in finance lease asset	15,000
Decrease in finance lease accumulated depreciation	12,300
Finance Leased Asset
Leases
Finance Lease, Right-of-Use Asset, Amortization	(40,445)	(52,762)
Total finance lease right-of-use assets, net	42,208	44,868
Computer and other equipment
Leases
Finance lease right-of-use assets	78,794	91,526
Finance Lease, Right-of-Use Asset, Amortization	(37,622)	(47,903)
Furniture and other equipment
Leases
Finance lease right-of-use assets	3,859	6,104
Finance Lease, Right-of-Use Asset, Amortization	(2,823)	$ (4,859)
Computer equipment
Leases
Operating leases, right to use assets	74,587
Facilities
Leases
Operating leases, right to use assets	131,420
Other
Leases
Operating leases, right to use assets	$ 232

Lease - Lease expense (Details)

Lease - Lease expense (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Lease expense
Fixed lease expense	$ 14,975
Variable lease expense	1,969
Short-term lease expense	1,369
Total operating lease expense	18,313
Finance lease expense:
Amortization of ROU assets	2,891
Interest on finance lease liabilities	388
Total finance lease expense	3,279
Total lease expense	$ 21,592
Rental expense under all operating leases		$ 128,600

Lease - Other lease information

Lease - Other lease information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Leases [Abstract]
Operating cash flows from operating leases	$ 18,882
Operating cash flows from finance leases	388
Financing cash flows from finance leases	1,461
Right-of-use assets obtained in exchange for lease obligations, operating leases	$ 36,369
Right-of-use assets obtained in exchange for lease obligations, finance leases		$ 6,818
Weighted-average remaining lease term (years), operating leases	5 years 3 months 26 days
Weighted-average remaining lease term (years), finance leases	5 years 9 months 22 days
Weighted-average discount rate, operating leases	4.25%
Weighted-average discount rate, finance leases	8.46%

Lease - Maturity of lease liabi

Lease - Maturity of lease liabilities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Operating Leases
2019	$ 43,544
2020	54,611
2021	51,209
2022	42,355
2023	19,226
Thereafter	33,057
Total lease payments	244,002
Less imputed interest	(24,081)
Total	219,921
Finance Leases
2019	5,581
2020	7,406
2021	7,161
2022	7,127
2023	6,732
Thereafter	6,936
Total lease payments	40,943
Less imputed interest	(4,840)
Total	36,103
Operating Leases.
2019		$ 54,818
2020		54,738
2021		50,794
2022		42,048
2023		19,089
Thereafter		32,894
Total		254,381
Finance Leases
2019		7,393
2020		7,319
2021		7,085
2022		7,051
2023		6,658
Thereafter		6,868
Total lease payments		42,374
Less imputed interest		(5,197)
Total		$ 37,177
Operating And Finance Leases	$ 2,200

Commitments and Contingencies -

Commitments and Contingencies - Legal Proceedings (Details) - defendant	Jan. 29, 2019	Mar. 31, 2019
Propay
Commitments and Contingencies
Number of defendants	50	1

Share-Based Compensation - Expe

Share-Based Compensation - Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Share-Based Compensation
Share-based compensation	$ 10,714	$ 6,295

Share-Based Compensation - Nonv

Share-Based Compensation - Nonvested Awards - Vesting and Grants Cost (Details) - Nonvested Share Awards - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Shares granted
Number of shares granted	304,911	292,359
Market value	$ 28	$ 26.1
Unrecognized compensation cost (in dollars)	$ 41.2
Maximum
Share-based Compensation
Award vesting period	4 years

Share-Based Compensation - Perf

Share-Based Compensation - Performance and Market- Based Awards Granted (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Performance Based Awards
Share-based Compensation
Performance period	3 years
Unrecognized compensation cost (in dollars)	$ 28.4
Number of shares granted	86,779
Performance Based Awards | Minimum
Share-based Compensation
Performance period		1 year
Performance Based Awards | Maximum
Share-based Compensation
Performance period		2 years
Vesting percentage		200.00%
Performance Based Awards | Performance Period Ending December 2021
Share-based Compensation
Number of shares granted	79,132
Performance Based Awards | Performance Period Ending December 2020
Share-based Compensation
Number of shares granted		79,218
Performance Based Awards | Performance Period Ending December 2018
Share-based Compensation
Number of shares granted		95,748
Market Based Share Awards
Share-based Compensation
Unrecognized compensation cost (in dollars)	$ 4.7
Number of shares granted	30,856	33,940
Market Based Share Awards | Maximum
Share-based Compensation
Vesting percentage	200.00%
Nonvested Share Awards
Share-based Compensation
Unrecognized compensation cost (in dollars)	$ 41.2
Number of shares granted	304,911	292,359

Share-Based Compensation - Stoc

Share-Based Compensation - Stock Option Award Vesting and Weighted Average Assumptions (Details) - Stock Options - $ / shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Weighted average assumptions and weighted average fair value of options
Number of options granted (in shares)	223,520	341,659
Weighted average exercise price (in dollars per share)	$ 91.93	$ 87.08
Risk-free interest rate (as a percent)	2.48%	2.55%
Expected volatility (as a percent)	22.79%	21.80%
Expected term (years)	4 years 9 months 18 days	4 years 9 months 18 days
Dividend yield (as a percent)	0.57%	0.60%
Weighted average fair value (in dollars per share)	$ 21.85	$ 19.34
Maximum
Share-based Compensation
Award vesting period	3 years

Share-Based Compensation - St_2

Share-Based Compensation - Stock Option Award Unrecognized Compensation Cost (Details) - Stock Options $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Unrecognized compensation cost
Unrecognized compensation cost	$ 7
Weighted average period of recognition of unrecognized compensation cost	1 year 10 months 24 days

Income Taxes - Effective Tax Ra

Income Taxes - Effective Tax Rate and Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Uncertain tax positions
Effective tax rate (as a percent)	16.60%	12.00%
Amount of unrecognized tax benefits	$ 18.4		$ 22.3
Net, current activity	(3.9)
Gross accrued interest and penalties on unrecognized tax benefits	1.5		2.5
Unrecognized income tax benefits that, if recognized, would affect the effective tax rates	18.8		23.5
Unrecognized income tax benefits that, if recognized, would affect the effective tax rates , interest and penalties	0.9		$ 1.7
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit	$ 0

Earnings Per Share - Common Sto

Earnings Per Share - Common Stock (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Basic EPS:
Net income	$ 161,607	$ 141,841
Less income allocated to nonvested awards	(38)	(168)
Net income allocated to common stock for EPS calculation	$ 161,569	$ 141,673
Weighted average shares outstanding	178,435	181,612
Less participating securities	41	217
Weighted Average Number of Shares Outstanding, Basic, Total	178,394	181,395
Basic EPS	$ 0.91	$ 0.78
Diluted EPS:
Net income	$ 161,607	$ 141,841
Less income allocated to nonvested awards	(38)	(168)
Add income allocated to nonvested awards	38	168
Net income allocated to common stock for EPS calculation	$ 161,607	$ 141,841
Weighted Average Number of Shares Outstanding, Basic, Total	178,394	181,395
Increase due to assumed issuance of shares related to common equivalent shares outstanding	867	1,236
Average nonvested awards	625	667
Average common and common equivalent shares outstanding	179,886	183,298
Diluted EPS attributable to TSYS common shareholders (Note 9)	$ 0.90	$ 0.77

Earnings Per Share - Anti-dilut

Earnings Per Share - Anti-dilutive Securities (Details) - shares shares in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Earnings Per Share
Anti-dilutive stock options and nonvested awards excluded from diluted EPS calculation	0.3	0.3

Supplementary Cash Flow Infor_2

Supplementary Cash Flow Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Supplementary Cash Flow Information
Software acquired under license agreements	$ 6.9	$ 3.4
Software acquired through vendor financing arrangement	$ 36.5

Segment Reporting and Major C_3

Segment Reporting and Major Customers - Total Assets by Segment (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Segment Reporting
Total assets	$ 7,774,132	$ 7,468,709
Operating Segments | Issuer Solutions
Segment Reporting
Total assets	7,075,930	6,843,451
Operating Segments | Merchant Solutions
Segment Reporting
Total assets	4,247,317	4,248,183
Operating Segments | Consumer Solutions
Segment Reporting
Total assets	1,419,687	1,374,667
Intersegment
Segment Reporting
Total assets	$ (4,968,802)	$ (4,997,592)

Segment Reporting and Major C_4

Segment Reporting and Major Customers - Property and Equipment, net (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Property and equipment, net, by geographic areas
Property and equipment, net of accumulated depreciation and amortization	$ 385,400	$ 383,074
United States
Property and equipment, net, by geographic areas
Property and equipment, net of accumulated depreciation and amortization	321,654	321,119
Europe
Property and equipment, net, by geographic areas
Property and equipment, net of accumulated depreciation and amortization	47,994	45,872
Other
Property and equipment, net, by geographic areas
Property and equipment, net of accumulated depreciation and amortization	$ 15,752	$ 16,083

Segment Reporting and Major C_5

Segment Reporting and Major Customers - Depreciation and Amortization (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Segment Reporting
Total depreciation and amortization	$ 103,710	$ 104,389
Operating Segments
Segment Reporting
Depreciation and amortization	47,265	40,415
Operating Segments | Issuer Solutions
Segment Reporting
Depreciation and amortization	35,167	28,331
Operating Segments | Merchant Solutions
Segment Reporting
Depreciation and amortization	7,682	7,825
Operating Segments | Consumer Solutions
Segment Reporting
Depreciation and amortization	4,416	4,259
Segment Reconciling Items
Segment Reporting
Acquisition intangible amortization	54,957	63,023
Corporate Administration and Other
Segment Reporting
Depreciation and amortization	$ 1,488	$ 951

Segment Reporting and Major C_6

Segment Reporting and Major Customers - Geographic Revenues to External Revenues (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Geographic revenues to external revenues by operating segment
Total revenues	$ 1,034,531	$ 987,170
United States
Geographic revenues to external revenues by operating segment
Total revenues	834,619	793,169
Europe
Geographic revenues to external revenues by operating segment
Total revenues	94,547	95,268
Canada
Geographic revenues to external revenues by operating segment
Total revenues	80,021	77,861
Other
Geographic revenues to external revenues by operating segment
Total revenues	25,344	20,872
Issuer Solutions
Geographic revenues to external revenues by operating segment
Total revenues	470,159	457,359
Issuer Solutions | United States
Geographic revenues to external revenues by operating segment
Total revenues	271,130	264,032
Issuer Solutions | Europe
Geographic revenues to external revenues by operating segment
Total revenues	94,387	95,143
Issuer Solutions | Canada
Geographic revenues to external revenues by operating segment
Total revenues	79,633	77,582
Issuer Solutions | Other
Geographic revenues to external revenues by operating segment
Total revenues	25,009	20,602
Merchant Solutions
Geographic revenues to external revenues by operating segment
Total revenues	345,181	319,423
Merchant Solutions | United States
Geographic revenues to external revenues by operating segment
Total revenues	344,298	318,749
Merchant Solutions | Europe
Geographic revenues to external revenues by operating segment
Total revenues	160	125
Merchant Solutions | Canada
Geographic revenues to external revenues by operating segment
Total revenues	388	279
Merchant Solutions | Other
Geographic revenues to external revenues by operating segment
Total revenues	335	270
Consumer Solutions
Geographic revenues to external revenues by operating segment
Total revenues	219,191	210,388
Consumer Solutions | United States
Geographic revenues to external revenues by operating segment
Total revenues	$ 219,191	$ 210,388

Segment Reporting and Major C_7

Segment Reporting and Major Customers - Operating Results (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Segment Reporting
Adjusted operating income	$ 357,287	$ 330,922
Share-based compensation	10,714	6,295
Depreciation and amortization	103,710	104,389
Contract asset amortization	8,038	6,874
Contract cost asset amortization	7,845	10,726
Operating income	223,270	188,271
Nonoperating expenses, net	(42,991)	(37,642)
Income before income taxes and equity in income of equity investments	180,279	150,629
Net revenue	980,270	935,497
Add: reimbursable items	54,261	51,673
Total revenues	1,034,531	987,170
Selling, general and administrative expenses
Segment Reporting
Share-based compensation	10,714	6,295
Issuer Solutions
Segment Reporting
Total revenues	470,159	457,359
Merchant Solutions
Segment Reporting
Total revenues	345,181	319,423
Consumer Solutions
Segment Reporting
Total revenues	219,191	210,388
Operating Segments
Segment Reporting
Net revenue	995,607	951,466
Operating Segments | Issuer Solutions
Segment Reporting
Adjusted operating income	204,934	195,764
Net revenue	$ 433,473	$ 423,574
Operating margin on net revenue	47.30%	46.20%
Operating Segments | Merchant Solutions
Segment Reporting
Adjusted operating income	$ 128,836	$ 118,940
Net revenue	$ 342,956	$ 317,403
Operating margin on net revenue	37.60%	37.50%
Operating Segments | Consumer Solutions
Segment Reporting
Adjusted operating income	$ 63,693	$ 53,667
Net revenue	$ 219,178	$ 210,489
Operating margin on net revenue	29.10%	25.50%
Corporate Administration and Other | Corporate administration and other.
Segment Reporting
Adjusted operating income	$ (40,176)	$ (37,449)
Intersegment
Segment Reporting
Net revenue	15,337	15,969
Segment Reconciling Items
Segment Reporting
Cayan and TransFirst merger & acquisition (M&A) and integration expenses2	$ 3,710	$ 14,367