MoneyGram 2007 Annual Report Download - page 28

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Table of Contents
Item 6. SELECTED FINANCIAL DATA
The following table presents our selected consolidated financial data for the periods indicated. The information set forth below should be
read in conjunction with "Management's Discussion and Analysis of Financial Condition and Results of Operations" and our
Consolidated Financial Statements and notes thereto. For the basis of presentation of the information set forth below, see "Management's
Discussion and Analysis of Financial Condition and Results of Operations — Basis of Presentation."
YEAR ENDED DECEMBER 31, 2007 2006 2005 2004 2003
(Amounts in thousands, except per share data)
Operating Results
Revenue
Global Funds Transfer segment $ 770,995 $ 821,746 $ 649,617 $ 532,064 $ 450,108
Payment Systems segment (614,356) 337,097 321,619 294,466 287,115
Other 898 716 — — —
Total revenue 157,537 1,159,559 971,236 826,530 737,223
Commissions expense (663,908) (563,659) (470,472) (403,473) (377,333)
Net (losses) revenue (1) (506,371) 595,900 500,764 423,057 359,890
Expenses (486,896) (419,127) (354,388) (334,037) (271,719)
(Loss) income from continuing
operations before income taxes (993,267) 176,773 146,376 89,020 88,171
Income tax expense (78,481) (52,719) (34,170) (23,891) (12,485)
Net (loss) income from continuing
operations (2) $ (1,071,748) $ 124,054 $ 112,206 $ 65,129 $ 75,686
(Loss) earnings per share from
continuing operations: (3)
Basic $ (12.94) $ 1.47 $ 1.32 $ 0.75 $ 0.87
Diluted (12.94) 1.45 1.30 0.75 0.87
Shares outstanding
Basic 82,818 84,294 84,675 86,916 86,223
Diluted 82,818 85,818 85,970 87,330 86,619
Financial Position
(Shortfall) excess in unrestricted assets
(4) $ (551,812) $ 358,924 $ 366,037 $ 393,920 $ 373,036
Substantially restricted assets (4) 7,210,658 8,568,713 8,525,346 7,640,581 7,421,481
Total assets 7,935,011 9,276,137 9,175,164 8,630,735 9,222,154
Payment service obligations 7,762,470 8,209,789 8,159,309 7,640,581 7,421,481
Long-term debt (5) 345,000 150,000 150,000 150,000 201,351
Redeemable preferred stock (6) — — — — 6,733
Stockholders' equity (7) (488,517) 669,063 624,129 565,191 868,783
Other Selected Data
Capital expenditures $ 71,142 $ 81,033 $ 47,359 $ 29,589 $ 27,128
Depreciation and amortization 51,979 38,978 32,465 29,567 27,295
Cash dividends declared per share (8) 0.20 0.17 0.07 0.20 0.36
Average investable balances (9) 6,346,442 6,333,115 6,726,790 6,772,124 6,979,247
Net investment margin (10) 2.28% 2.31% 1.91% 1.42% 1.30%
Approximate number of countries and
territories served 180 170 170 170 160
Number of money order locations (11) 59,000 55,000 53,000 54,000 54,000
Number of money transfer locations (11) 143,000 110,000 89,000 77,000 63,000
(1) Net losses for 2007 include net securities losses of $1.2 billion, which relate to other-than-temporary impairments in the Company's
investment portfolio.
(2) Net (loss) from continuing operations for 2007 also includes a goodwill impairment of $6.4 million related to a component of our
Payment Systems segment.
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