Total System Services, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported total revenues of $1,132,224,000 compared to $716,843,000 a year ago. Operating income was $130,547,000 compared to $117,905,000 a year ago. Income before noncontrolling interests and equity in income of equity investments was $67,676,000 compared to $76,508,000 a year ago. Net income attributable to common shareholders was $73,950,000 or $0.40 per basic and diluted share compared to $82,828,000 or $0.45 per basic and diluted share a year ago. Net revenue was $785,709,000 compared to $645,095,000 a year ago. Adjusted EBITDA was $266,547,000 compared to $195,031,000 a year ago. Adjusted EPS was $0.71 compared to $0.57 a year ago. Adjusted operating income was $219,713,000 compared to $150,905,000 a year ago. Adjusted earnings were $129,620,000 compared to $103,930,000 a year ago.

For the year, the company reported total revenues of $4,170,077,000 compared to $2,779,541,000 a year ago. Operating income was $573,382,000 compared to $534,107,000 a year ago. Income before noncontrolling interests and equity in income of equity investments was $300,039,000 compared to $345,524,000 a year ago. Net income attributable to common shareholders was $319,638,000 or $1.73 per diluted share compared to $364,044,000 or $1.97 per diluted share a year ago. Net revenue was $3,041,876,000 compared to $2,499,349,000 a year ago. Adjusted EBITDA was $1,040,551,000 compared to $833,920,000 a year ago. Adjusted EPS was $2.81 compared to $2.46 a year ago. Adjusted operating income was $856,995,000 compared to $668,177,000 a year ago. Net cash provided by operating activities was $717,909,000 compared to $600,194,000 a year ago. Adjusted earnings were $516,419,000 compared to $452,112,000 a year ago. Capital expenditures were $142,573,000 compared to $203,315,000 a year ago. Free cash flow (non-GAAP) was $575,336,000 compared to $396,879,000 a year ago.

The company provided earnings guidance for the year 2017. For the year, the company expects total revenues (GAAP) of $4,750 million to $4,850 million, net revenue (non-GAAP) of $3,275 million to $3,325 million, diluted EPS (GAAP) of $2.14 to $2.21 and adjusted diluted EPS attributable to common shareholders (non-GAAP) of $3.05 to $3.15. The company expects the effective tax rate to be in the 33% to 34% range.