First Data 2007 Annual Report Download - page 204

Chase Paymentech
NOTES TO COMBINED FINANCIAL STATEMENTS – CONTINUED
For the years ended December 31, 2007 and 2006 and
the year ended December 31, 2005 (unaudited)
As of and for the year ended December 31, 2007
U.S. Canada
Corporate
and
eliminations Combined
Interest and other, net $ 76,425 $ 1,445 $ 21 $ 77,891
Depreciation and amortization 43,861 22,932 — 66,793
Income before income taxes and minority interest 638,634 24,813 (397) 663,050
Provision for income taxes 11,674 — 68,739 80,413
Total assets 6,291,384 417,137 (16,161) 6,692,360
Goodwill 247,549 146,592 — 394,141
Long-lived assets, net 96,518 79,462 — 175,980
Expenditures for long-lived assets 56,977 32,612 — 89,589
As of and for the year ended December 31, 2006
U.S. Canada
Corporate
and
Eliminations Combined
Revenues:
Transaction and processing services $ 1,112,781 $ 66,892 $ — $ 1,179,673
Transaction and processing services – inter-segment 15,032 — (15,032) —
Point-of-sale equipment and supplies 1,477 25,433 — 26,910
Total segment reporting revenues $ 1,129,290 $ 92,325 $ (15,032) $ 1,206,583
Interest and other, net $ 66,790 $ (701) $ 741 $ 66,830
Depreciation and amortization 94,358 19,305 — 113,663
Income before income taxes and minority interest 535,461 12,476 179 548,116
Provision for income taxes 8,556 — 63,210 71,766
Total assets 5,731,888 463,806 (14,745) 6,180,949
Goodwill 247,549 124,735 — 372,284
Long-lived assets, net 83,410 62,741 — 146,151
Expenditures for long-lived assets 40,826 11,563 — 52,389
As of and for the year ended December 31, 2005
U.S. Canada
Corporate
and
Eliminations Combined
Revenues:
Transaction and processing services $ 728,255 $ 56,055 $ — $ 784,310
Transaction and processing services – inter-segment 14,066 — (14,066) —
Point-of-sale equipment and supplies 1,974 22,814 — 24,788
Total segment reporting revenues $ 744,295 $ 78,869 $ (14,066) $ 809,098
Interest and other, net $ 31,425 $ (6,104) $ 1,338 $ 26,659
Depreciation and amortization 60,285 16,237 — 76,522
Income (loss) before income taxes and minority interest 350,423 (3,413) (300) 346,710
Provision for income taxes 4,165 — 57,410 61,575
Total assets 4,133,085 383,679 (88,414) 4,428,350
Goodwill 247,549 125,014 — 372,563
Long-lived assets, net 135,488 70,396 — 205,884
Expenditures for long-lived assets 22,017 12,227 — 34,244
NOTE 14 – BENEFIT PLANS
Defined Benefit Pension Plans
The Company provides a qualified noncontributory defined benefit pension plan (Pension Plan) for its eligible U.S. employees. The net periodic pension
expense included in salaries and employee benefits on the combined statements of income and comprehensive income for the Pension Plan was $4.0 million,
$3.6 million, and $2.8 million for the years ended December 31, 2007, 2006, and 2005, respectively.
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