MoneyGram 2008 Annual Report Download - page 91

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Table of Contents
MONEYGRAM INTERNATIONAL, INC.
CONSOLIDATED BALANCE SHEETS
AT DECEMBER 31, 2008 2007
(Amounts in thousands, except share data)
ASSETS
Cash and cash equivalents $ — $ —
Cash and cash equivalents (substantially restricted) 4,077,381 1,552,949
Receivables, net (substantially restricted) 1,264,885 1,408,220
Trading investments (substantially restricted) 21,485 62,105
Available-for-sale investments (substantially restricted) 438,774 4,187,384
Property and equipment 156,263 171,008
Intangible assets 14,548 17,605
Goodwill 434,337 438,839
Derivative financial instruments — 1,647
Other assets 234,623 95,254
Total assets $6,642,296 $7,935,011
LIABILITIES
Payment service obligations $5,437,999 $7,762,470
Debt 978,881 345,000
Derivative financial instruments — 30,370
Pension and other postretirement benefits 130,900 85,451
Accounts payable and other liabilities 121,586 188,778
Deferred tax liabilities 12,454 11,459
Total liabilities 6,681,820 8,423,528
COMMITMENTS AND CONTINGENCIES (Note 16)
MEZZANINE EQUITY
Participating Convertible Preferred Stock-Series B, $0.01 par value, 800,000 shares authorized, 495,000 shares
issued and outstanding 458,408 —
Participating Convertible Preferred Stock-Series B-1, $0.01 par value, 500,000 shares authorized,
272,500 shares issued and outstanding 283,804 —
Total mezzanine equity 742,212 —
STOCKHOLDERS' DEFICIT
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, $0.01 par value, 250,000,000 shares authorized, 88,556,077 shares issued 886 886
Additional paid-in capital 62,324 73,077
Retained loss (649,254) (387,479)
Unearned employee benefits (424) (3,280)
Accumulated other comprehensive loss (42,707) (21,715)
Treasury stock: 5,999,175 and 5,910,458 shares in 2008 and 2007 (152,561) (150,006)
Total stockholders' deficit (781,736) (488,517)
Total liabilities, mezzanine equity and stockholders' deficit $6,642,296 $7,935,011
See Notes to Consolidated Financial Statements
F-5