MoneyGram 2004 Annual Report Download - page 48

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Table of Contents
MONEYGRAM INTERNATIONAL, INC.
CONSOLIDATED BALANCE SHEETS
At December 31,
2004 2003
(Dollars in thousands,
except share data)
Assets
Cash and cash equivalents $ — $ 33,832
Cash and cash equivalents (substantially restricted) (Note 2) 927,042 1,025,026
Receivables (substantially restricted) (Note 2) 771,966 755,734
Investments (substantially restricted) (Note 4) 6,335,493 6,013,757
Property and equipment (Note 7) 88,154 95,207
Intangible assets (Note 8) 15,210 18,818
Goodwill (Note 8) 395,526 395,526
Assets of discontinued operations (Note 3) — 641,724
Deferred tax assets 31,841 70,633
Other assets 65,503 171,897
Total assets $ 8,630,735 $ 9,222,154
Liabilities and Stockholders' Equity
Payment service obligations (Note 2) $ 7,640,581 $ 7,421,481
Debt (Note 9) 150,000 201,351
Derivative financial instruments (Note 5) 65,063 174,588
Pension and other postretirement benefits (Note 14) 110,661 101,039
Preferred stock subject to mandatory redemption (Note 10) — 6,733
Accounts payable and other liabilities 99,239 115,922
Liabilities of discontinued operations (Note 3) — 332,257
Total liabilities 8,065,544 8,353,371
Commitments and contingencies (Note 16)
Stockholders' equity
Preferred shares — undesignated, $0.01 par value, 5,000,000 authorized,
none issued
—
—
Preferred shares — junior participating, $0.01 par value, 2,000.000 authorized,
none issued — —
Common shares, $.01 par value: 250,000,000 shares authorized, 88,556,077
and 99,739,925 shares issued in 2004 and 2003
886
149,610
Additional paid-in capital 79,833 218,783
Retained income 506,609 863,944
Unearned employee benefits and other (31,037) (35,442)
Accumulated other comprehensive income (loss) (Note 12) 25,691 (35,208)
Treasury stock: 801,130 and 11,382,364 shares in 2004 and 2003 (16,791) (292,904)
Total stockholders' equity 565,191 868,783
Total liabilities and stockholders' equity $ 8,630,735 $ 9,222,154
See Notes to Consolidated Financial Statements
F-4