First Data 2013 Annual Report Download - page 116
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The following tables present the results of operations, financial position and cash flows of FDC (“FDC Parent Company”), the Guarantor subsidiaries,
the Non-Guarantor subsidiaries and consolidation adjustments for the years ended December 31, 2013, 2012 and 2011 and as of December 31, 2013 and
2012 to arrive at the information for FDC on a consolidated basis.
Revenues:
Transaction and processing service fees $ — $ 4,196.8 $2,495.0 $ (227.5) $ 6,464.3
Product sales and other —545.2 351.5 (59.5)837.2
Reimbursable debit network fees, postage and other —2,516.2 991.2 —3,507.4
—7,258.2 3,837.7 (287.0) 10,808.9
Expenses:
Cost of services (exclusive of items shown below) —1,823.9 1,212.4 (227.5) 2,808.8
Cost of products sold —247.7 145.8 (59.5)334.0
Selling, general and administrative 115.0 1,232.7 541.1 — 1,888.8
Reimbursable debit network fees, postage and other —2,516.2 991.2 —3,507.4
Depreciation and amortization 7.3 654.4 429.6 — 1,091.3
Other operating expenses:
Restructuring, net 18.1 26.5 3.4 —48.0
Litigation and regulatory settlements 8.0 — — — 8.0
148.4 6,501.4 3,323.5 (287.0)9,686.3
Operating (loss) profit (148.4)756.8 514.2 — 1,122.6
Interest income 0.1 0.1 10.9 — 11.1
Interest expense (1,863.5)(9.9)(7.3) — (1,880.7)
Interest income (expense) from intercompany notes 315.0 (311.0)(4.0) — —
Other income (expense) (53.2)(2.8)9.1 — (46.9)
Equity earnings from consolidated subsidiaries 578.6 162.1 —(740.7) —
(1,023.0)(161.5) 8.7 (740.7)(1,916.5)
(Loss) income before income taxes and equity earnings in
affiliates (1,171.4)595.3 522.9 (740.7) (793.9)
Income tax (benefit) expense (302.3)300.6 88.2 — 86.5
Equity earnings in affiliates —187.9 0.4 —188.3
Net (loss) income (869.1) 482.6 435.1 (740.7)(692.1)
Less: Net income attributable to noncontrolling interests
and redeemable noncontrolling interest — — 56.1 120.9 177.0
Net (loss) income attributable to First Data Corporation $(869.1) $ 482.6 $ 379.0 $(861.6) $ (869.1)
Comprehensive (loss) income $(905.6) $ 453.1 $340.2 $ (614.9) $ (727.2)
Less: Comprehensive income attributable to
noncontrolling interests and redeemable noncontrolling
interest — — 57.5 120.9 178.4
Comprehensive (loss) income attributable to First Data
Corporation $(905.6)$453.1 $ 282.7 $ (735.8)$(905.6)
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