First Data 2007 Annual Report Download - page 186

Chase Paymentech
COMBINED BALANCE SHEETS
(In thousands)
December 31,
2007 2006
ASSETS
Current assets
Cash and cash equivalents $3,527,983 $1,315,890
Receivables related to merchant processing 1,995,948 3,771,418
Investments 74,588 136,202
Accounts receivable, net of allowance for doubtful accounts of $10,196 and $12,397 as of December 31, 2007 and 2006,
respectively 476,424 394,054
Deferred income taxes 271 199
Prepaid expenses and other current assets 14,123 9,843
Total current assets 6,089,337 5,627,606
Property and equipment, net 103,032 84,292
Goodwill 394,141 372,284
Intangible assets, net of accumulated amortization of $524,515 and $498,048 as of December 31, 2007 and 2006, respectively 72,948 61,859
Other assets 32,902 34,908
Total assets $6,692,360 $6,180,949
LIABILITIES AND EQUITY
Current liabilities
Liabilities related to merchant processing $4,740,827 $4,287,726
Accounts payable 33,021 27,838
Payables to related parties 36,189 41,751
Merchant deposits 524,150 651,672
Accrued assessments 24,989 25,346
Other accrued expenses 108,053 119,975
Current portion of long-term debt — 16,922
Total current liabilities 5,467,229 5,171,230
Deferred income taxes 30,864 28,044
Other liabilities 29,129 24,606
Total liabilities 5,527,222 5,223,880
Minority interest 240 437
Commitments and contingencies (Note 5)
Temporary equity 6,937 8,523
Accumulated other comprehensive income 62,868 23,744
Owners' equity 1,095,093 924,365
Total owners' equity 1,157,961 948,109
Total liabilities and equity $6,692,360 $6,180,949
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