MoneyGram 2005 Annual Report Download - page 96
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Table of Contents
MONEYGRAM INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
The following table reconciles segment operating income to the income from continuing operations before income taxes as reported in the financial statements
for the year ended December 31:
2005 2004 2003
(Dollars in thousands)
Revenue
Global Funds Transfer:
Money transfer, including bill payment $ 507,726 $ 395,370 $ 309,909
Retail money orders 139,430 133,012 134,288
Other 2,461 3,682 5,911
649,617 532,064 450,108
Payment Systems:
Official check and payment processing 297,289 269,971 264,881
Other 24,330 24,495 22,234
321,619 294,466 287,115
Total revenue $ 971,236 $ 826,530 $ 737,223
Operating Income
Global Funds Transfer $ 121,677 $ 102,606 $ 96,823
Payment Systems 42,406 27,163 15,123
164,083 129,769 111,946
Debt tender and redemption costs — 20,661 —
Interest expense 7,608 5,573 9,857
Other unallocated expenses 10,099 14,515 13,918
Income from continuing operations before income taxes $ 146,376 $ 89,020 $ 88,171
Depreciation and amortization
Global Funds Transfer $ 28,395 $ 25,856 $ 24,255
Payment Systems 4,070 3,711 3,040
$ 32,465 $ 29,567 $ 27,295
Capital expenditures
Global Funds Transfer $ 40,837 $ 27,712 $ 25,891
Payment Systems 6,522 1,877 1,237
$ 47,359 $ 29,589 $ 27,128
The following table reconciles segment assets to total assets reported in the financial statements as of December 31:
2005 2004
(Dollars in thousands)
Assets
Global funds transfer $ 2,835,246 $ 2,436,961
Payment systems 6,226,528 6,191,802
Corporate 13,390 1,972
Total assets $ 9,075,164 $ 8,630,735
F-42