The new guidance ranges for 2013 as compared to 2012 include:

  2013 Revised Guidance*
Range     Range

(in millions, except per share amounts)

Total revenues $2,137   to   $2,180 14%   to   17%
Revenues before reimbursable items $1,898 to $1,936 17% to 20%
Adjusted EBITDA** $639 to $652 17% to 19%
Adjusted cash EPS*** $1.69 to $1.72 16% to 18%

*The guidance includes NetSpend ’s operating results for six months of 2013, excludes one-time expenses incurred in connection with the NetSpend acquisition of $16.0 million, assumes approximately $33.5 million ($67 million on an annual basis) of acquisition intangible amortization associated with the NetSpend acquisition, no significant movement in foreign exchange rates, and assumes minimal synergies for 2013.

** Adjusted EBITDA is net income excluding equity in income of equity investments, nonoperating income/(expense), taxes, depreciation, amortization and stock-based compensation expenses and other non-recurring items.

*** Adjusted cash EPS is adjusted cash earnings divided by weighted average shares outstanding used for basic EPS calculations. Adjusted cash earnings is net income excluding the after-tax impact of stock-based compensation expenses, amortization of acquisition intangibles and other non-recurring items.

Conference Call

TSYS will host its quarterly conference call at 5:00 p.m. ET on Tuesday, July 23. The conference call can be accessed via simultaneous Internet broadcast at by clicking on the link under "Webcasts" on the main homepage. The replay will be archived for 12 months and will be available approximately 30 minutes after the completion of the call. A slide presentation to accompany the call will be available by clicking on the link under "Webcasts" on the main homepage of

Non-GAAP Measures

The financial highlights section of this release and this release contain the non-GAAP financial measures of revenues and operating results on a constant currency basis, basic EPS excluding merger and acquisition costs, net of taxes, operating income excluding merger and acquisition costs, revenues excluding reimbursable items, adjusted EBITDA, and adjusted cash EPS to describe TSYS’ performance. Management uses these non-GAAP financial measures to better understand and assess TSYS’ operating results and financial performance. TSYS believes these non-GAAP financial measures provide meaningful additional information about TSYS to assist investors in understanding and evaluating its operating results.

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