First Data 2013 Annual Report Download - page 121
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CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) income $(869.1) $ 482.6 $ 435.1 $(740.7) $ (692.1)
Adjustments to reconcile to net cash (used in) provided by operating
activities:
Depreciation and amortization (including amortization netted against
equity earnings in affiliates and revenues) 7.3 758.9 445.7 —1,211.9
Charges (gains) related to other operating expenses and other income
(expense) 79.3 29.3 (5.7) — 102.9
Other non-cash and non-operating items, net (497.5) (244.0)(8.0)740.7 (8.8)
(Decrease) increase in cash resulting from changes in operating
assets and liabilities, excluding the effects of acquisitions and
dispositions (452.5) 422.8 88.5 —58.8
Net cash (used in) provided by operating activities (1,732.5) 1,449.6 955.6 —672.7
CASH FLOWS FROM INVESTING ACTIVITIES
Current year acquisitions, net of cash acquired (12.2)0.1 — — (12.1)
Payments related to other businesses previously acquired —0.2 — — 0.2
Proceeds from dispositions, net of expenses paid and cash disposed —10.4 7.7 — 18.1
Proceeds from sale of property and equipment —4.7 7.1 — 11.8
Additions to property and equipment (0.4)(88.7)(105.0) — (194.1)
Payments to secure customer service contracts, including outlays for
conversion, and capitalized systems development costs (0.9)(124.0)(59.5) — (184.4)
Distributions and dividends from subsidiaries 177.5 190.6 —(368.1) —
Other investing activities 0.3 6.1 1.0 —7.4
Net cash provided by (used in) investing activities 164.3 (0.6)(148.7)(368.1)(353.1)
CASH FLOWS FROM FINANCING ACTIVITIES
Short-term borrowings, net — — (109.6) — (109.6)
Accrued interest funded upon issuance of notes 48.7 — — — 48.7
Debt modification proceeds and related financing costs (59.0) — — — (59.0)
Principal payments on long-term debt (16.5)(66.7)(9.0) — (92.2)
Distributions and dividends paid to noncontrolling interests and
redeemable noncontrolling interest — — (42.0) (182.5) (224.5)
Distributions paid to equity holders — — (373.1)373.1 —
Purchase of noncontrolling interest — — (23.7) — (23.7)
Capital contributed by Parent 6.5 — — — 6.5
Redemption of Parent’s redeemable common stock (8.3) — — — (8.3)
Cash dividends (28.0) — (177.5) 177.5 (28.0)
Intercompany 1,433.3 (1,374.5) (58.8) — —
Net cash provided by (used in) financing activities 1,376.7 (1,441.2)(793.7) 368.1 (490.1)
Effect of exchange rate changes on cash and cash equivalents —(1.3)(11.2) — (12.5)
Change in cash and cash equivalents (191.5)6.5 2.0 —(183.0)
Cash and cash equivalents at beginning of period 228.0 37.2 343.1 —608.3
Cash and cash equivalents at end of period $36.5 $43.7 $345.1 $ — $ 425.3
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