First Data 2013 Annual Report Download - page 123
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CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) income $(516.1) $ 368.2 $ 397.9 $(586.1) $ (336.1)
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) 8.3 827.4 508.5 —1,344.2
(Gains) charges related to other operating expenses and other income
(expense) (59.6)(45.3) 27.2 — (77.7)
Other non-cash and non-operating items, net (360.3) (209.5) 11.4 586.1 27.7
(Decrease) increase in cash resulting from changes in operating
assets and liabilities, excluding the effects of acquisitions and
dispositions (527.3)555.8 129.0 — 157.5
Net cash (used in) provided by operating activities (1,455.0) 1,496.6 1,074.0 —1,115.6
CASH FLOWS FROM INVESTING ACTIVITIES
Current year acquisitions, net of cash acquired — (19.1) (0.1) — (19.2)
Contributions to equity method investments —(161.5) — — (161.5)
Payments related to other businesses previously acquired — — 3.2 —3.2
Proceeds from dispositions, net of expenses paid and cash disposed — — 1.7 — 1.7
Proceeds from sale of property and equipment —14.3 2.8 — 17.1
Additions to property and equipment (4.6)(101.3)(97.0) — (202.9)
Payments to secure customer service contracts, including outlays for
conversion, and capitalized systems development costs (1.0)(161.6)(39.3) — (201.9)
Distributions and dividends from subsidiaries 109.7 294.5 —(404.2) —
Other investing activities 1.5 6.9 (3.5) — 4.9
Net cash provided by (used in) investing activities 105.6 (127.8)(132.2)(404.2)(558.6)
CASH FLOWS FROM FINANCING ACTIVITIES
Short-term borrowings, net — — (107.3) — (107.3)
Debt modification and related financing costs (39.7) — — — (39.7)
Principal payments on long-term debt (32.9) (52.7) (18.9) — (104.5)
Proceeds from sale-leaseback transactions —2.5 11.7 —14.2
Distributions and dividends paid to noncontrolling interests and
redeemable noncontrolling interest — — (44.2)(283.1)(327.3)
Contributions from noncontrolling interest — — 0.8 —0.8
Distributions paid to equity holders — — (577.6)577.6 —
Redemption of Parent’s redeemable common stock (0.5) — — — (0.5)
Cash dividends (0.2) — (109.7) 109.7 (0.2)
Intercompany 1,420.8 (1,288.4)(132.4) — —
Net cash provided by (used in) financing activities 1,347.5 (1,338.6)(977.6)404.2 (564.5)
Effect of exchange rate changes on cash and cash equivalents —(14.2)(2.1) — (16.3)
Change in cash and cash equivalents (1.9) 16.0 (37.9) — (23.8)
Cash and cash equivalents at beginning of period 164.1 21.1 324.3 —509.5
Cash and cash equivalents at end of period $162.2 $37.1 $ 286.4 $ — $ 485.7
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