First Data 2013 Annual Report Download - page 24

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There is no established public trading market for the Company’s common stock. The Company had one record holder of common stock on March 1,
2014, and no equity securities of the Company are authorized for issuance under any equity compensation plan.
In 2013, the Company paid three dividends totaling $28 million. In 2012, the Company paid four dividends totaling $6.7 million. The senior secured
revolving credit facility, senior secured term loan facility, and the indentures governing the senior secured notes, senior unsecured notes, and senior
subordinated notes limit the Company’s ability to pay dividends. See “Management’s Discussion and Analysis of Financial Condition and Results of
Operations - Capital Resources and Liquidity” included in Item 7 and Note 12 to the accompanying financial statements included in Item 8 of this Form 10-K.
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The following data should be read in conjunction with the Consolidated Financial Statements and related notes thereto and Management’s Discussion
and Analysis of Financial Condition and Results of Operations included elsewhere in this annual report.
The Notes to the Consolidated Financial Statements contain additional information about various acquisitions, dispositions, and certain charges and
benefits resulting from other operating expenses, and other income (expense) which affect the comparability of information presented.
Amounts below include acquisitions since the date acquired.
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     
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Revenues $ 10,808.9 $ 10,680.3 $ 10,713.6 $ 10,380.4 $ 9,313.8
Operating expenses (a) $ 9,630.3 $ 9,578.3 $9,728.2 $9,782.2 $8,869.3
Other operating expenses (b) $56.0 $ 28.2 $ 43.9 $81.5 $289.7
Interest expense $(1,880.7) $ (1,897.8) $ (1,833.1) $ (1,796.6) $ (1,796.4)
Net loss $(692.1) $ (527.3) $ (336.1) $ (846.9) $ (1,014.6)
Net loss attributable to First Data Corporation $(869.1) $ (700.9) $ (516.1) $ (1,021.8) $ (1,086.4)
Depreciation and amortization (c) $1,211.9 $1,330.9 $1,344.2 $1,526.0 $1,553.8
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Total assets $35,239.8 $37,899.0 $40,276.3 $37,544.1 $ 39,735.4
Total current and long-term settlement assets $7,557.0 $9,228.1 $10,839.3 $7,059.1 $ 7,351.0
Total liabilities $33,477.9 $35,205.2 $ 36,800.9 $ 33,456.1 $ 34,408.4
Settlement obligations $7,553.4 $9,226.3 $10,837.8 $7,058.9 $ 7,394.7
Long-term borrowings $22,556.8 $22,528.9 $22,521.7 $22,438.8 $22,304.9
Other long-term liabilities (d) $1,303.1 $1,331.4 $1,459.0 $ 2,153.3 $ 2,648.3
Redeemable noncontrolling interest $69.1 $ 67.4 $ 67.4 $ 28.1 $ 226.9
Total equity $1,692.8 $2,626.4 $3,408.0 $4,059.9 $ 5,100.1
(a) Operating expenses include Cost of services; Cost of products sold; Selling, general and administrative; Reimbursable debit network fees, postage and
other; and Depreciation and amortization.
(b) Other operating expenses include Restructuring, net; Impairments; Litigation and regulatory settlements; and Other as applicable to the periods
presented.
(c) Includes amortization of initial payments for new contracts, which is recorded as a contra-revenue within “Transaction and processing service fees”
and amortization related to equity method investments, which is netted within “Equity earnings in affiliates” in the Consolidated Statements of
Operations.
(d) Other long-term liabilities include Long-term deferred tax liabilities.
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