First Data 2007 Annual Report Download - page 187
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Chase Paymentech
COMBINED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
For the years ended
(In thousands)
December 31,
2007 2006
2005
(unaudited)
Revenue $ 1,286,232 $ 1,206,583 $ 809,098
Expenses
Operating 402,613 398,352 247,603
Salaries and employee benefits 232,981 213,133 164,393
Depreciation and amortization 66,793 113,663 76,522
Total expenses 702,387 725,148 488,518
Operating income 583,845 481,435 320,580
Other income (expense), net
Interest and other income 94,552 85,202 32,072
Interest expense (16,661) (18,372) (5,413)
Foreign currency exchange 1,314 (149) (529)
Total other income, net 79,205 66,681 26,130
Income before income taxes and minority interest 663,050 548,116 346,710
Provision for income taxes 80,413 71,766 61,575
Minority interest (191) (398) (1,606)
Net income $ 582,446 $ 475,952 $ 283,529
Comprehensive income
Net income $ 582,446 $ 475,952 $ 283,529
Other comprehensive income (loss), net of tax:
Net unrealized gains on investments 1,064 209 1,133
Cash flow hedges — (5) 31
Foreign currency translation adjustment 38,184 (1,826) 3,037
Pension and SERP liability adjustments (124) 105 (280)
Comprehensive income $ 621,570 $ 474,435 $ 287,450
185