TSS Total System Services Inc.

Exchange

NYSE

Sector

Miscellaneous

Industry

Business Services

Market Cap.

4.514B

Excellent Cash Return on Invested Capital over the past 5 years

TSS has efficiently invested its financial resources in buildings, projects, and equipment, resulting in strong returns. Annual Reports can be useful in identifying the cause of one-time events and future sustainability.

TSS has created $27.30 of cash for every $100 invested.

Figures in USD. Fiscal year ends in December

	2007	2008	2009	2010	2011
Free Cash Flow	205.68M	252.50M	389.12M	342.61M	340.37M
divided by
Invested Capital	994.71M	1.08B	1.04B	1.33B	1.16B
Cash ROIC	20.68%	23.35%	37.41%	25.76%	29.31%

Excellent Return on Equity over the past 5 years

Over the past 5 years, TSS has generated strong profits with money shareholders have invested. This is considered one of the best indicators of quality management. Beware of extremely high Return on Equity (> 50%) as this is often unsustainable.

TSS has generated $21.13 of Earnings for every $100 of Shareholders' Equity.

Figures in USD. Fiscal year ends in December

	2007	2008	2009	2010	2011
Net Income	237.44M	250.10M	219.18M	205.62M	222.66M
divided by
Stockholders' Equity	844.47M	990.95M	1.18B	1.24B	1.30B
Return on Equity	28.12%	25.24%	18.64%	16.57%	17.11%

Excellent Business Performance over the past 10 years

TSS has been able to maintain profitability in good times and bad. This could mean TSS has an extremely strong business or has the ability to scale down costs when needed. This should be a fairly resilient business, but double check for future sustainability by looking at its Risk Factors in the Annual Report.

TSS has created positive free cash flow for 9 or more of the past 10 years.

Figures in USD. Fiscal year ends in December

	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011
Free Cash Flow	116.36M	76.05M	215.62M	198.03M	290.97M	205.68M	252.50M	389.12M	342.61M	340.37M