MoneyGram 2008 Annual Report Download - page 141

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Table of Contents
MONEYGRAM INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
The following table reconciles segment operating (loss) income to the (loss) income from continuing operations before income taxes as
reported in the financial statements for the year ended December 31:
(Amounts in thousands) 2008 2007 2006
Revenue
Global Funds Transfer:
Money transfer, including bill payment $ 998,589 $ 845,799 $ 669,852
Retail money order and other 44,595 (74,804) 151,894
1,043,184 770,995 821,746
Payment Systems:
Official check and payment processing (135,650) (630,253) 306,760
Other 19,358 15,897 30,337
(116,292) (614,356) 337,097
Other 226 898 716
Total revenue $ 927,118 $ 157,537 $ 1,159,559
Operating (loss) income
Global Funds Transfer $ 95,788 $ (60,410) $ 152,579
Payment Systems (286,763) (920,130) 41,619
Total operating (loss) income (190,975) (980,540) 194,198
Interest expense 95,020 11,055 7,928
Debt extinguishment loss 1,499 — —
Valuation loss on embedded derivatives 16,030 — —
Other unallocated expenses 33,667 1,672 9,497
(Loss) income from continuing operations before income taxes $ (337,191) $ (993,267) $ 176,773
Depreciation and amortization
Global Funds Transfer $ 48,374 $ 47,499 $ 34,603
Payment Systems 8,298 4,480 4,375
Total depreciation and amortization $ 56,672 $ 51,979 $ 38,978
Capital expenditures
Global Funds Transfer $ 36,155 $ 65,474 $ 71,181
Payment Systems 4,202 5,668 9,852
Total capital expenditures $ 40,357 $ 71,142 $ 81,033
The following table reconciles segment assets to total assets reported in the financial statements as of December 31:
(Amounts in thousands) 2008 2007 2006
Assets
Global Funds Transfer $ 2,212,616 $ 2,423,090 $ 3,091,519
Payment Systems 4,349,808 5,497,168 6,168,134
Corporate 79,872 14,753 16,484
Total assets $ 6,642,296 $ 7,935,011 $ 9,276,137
F-55