MoneyGram 2009 Annual Report Download - page 28

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, 2009 2008 2007 2006 2005
(Dollars and shares in thousands, except per share data)
Operating Results
Revenue
Global Funds Transfer segment $ 1,027,850 $ 1,013,154 $ 858,702 $ 671,459 $ 507,359
Financial Paper Products segment 122,783 238,192 470,126 472,239 447,674
Other 21,269 (324,228) (1,171,291) 15,861 16,203
Total revenue 1,171,902 927,118 157,537 1,159,559 971,236
Commissions expense (498,467) (604,609) (663,908) (563,659) (470,472)
Net revenue (losses) (1) 673,435 322,509 (506,371) 595,900 500,764
Expenses (695,757) (659,700) (486,896) (419,127) (354,388)
(Loss) income from continuing operations
before income taxes (2) (22,322) (337,191) (993,267) 176,773 146,376
Income tax (benefit) expense (20,416) (75,806) 78,481 52,719 34,170
Net (loss) income from continuing operations $ (1,906) $ (261,385) $ (1,071,748) $ 124,054 $ 112,206
(Loss) earnings per common share:
Basic $ (1.48) $ (4.19) $ (12.94) $ 1.47 $ 1.32
Diluted (1.48) (4.19) (12.94) 1.45 1.30
Weighted-average shares outstanding:
Basic 82,499 82,456 82,818 84,294 84,675
Diluted 82,499 82,456 82,818 85,818 85,970
Financial Position
Excess (shortfall) of assets over payment service
obligations (3) $ 313,335 $ 391,031 $ (551,812) $ 358,924 $ 366,037
Substantially restricted assets (3) 5,156,789 5,829,030 7,210,658 8,568,713 8,525,346
Total assets 5,929,663 6,642,296 7,935,011 9,276,137 9,175,164
Payment service obligations 4,843,454 5,437,999 7,762,470 8,209,789 8,159,309
Long-term debt 796,791 978,881 345,000 150,000 150,000
Mezzanine equity (4) 864,328 742,212 — — —
Stockholders' (deficit) equity (883,013) (781,736) (488,517) 669,063 624,129
Other Selected Data
Capital expenditures $ 38,258 $ 40,357 $ 71,142 $ 81,033 $ 47,359
Depreciation and amortization $ 57,091 $ 56,672 $ 51,979 $ 38,978 $ 32,465
Cash dividends declared per share $ — $ — $ 0.20 $ 0.17 $ 0.07
Average investable balances (5) $ 4,246,507 $ 4,866,339 $ 6,346,442 $ 6,333,115 $ 6,726,790
Net investment margin (6) 0.75% 1.23% 2.28% 2.31% 1.91%
Approximate number of countries and territories
served 190 190 180 170 170
Number of money order locations (7) 49,000 59,000 59,000 55,000 53,000
Number of money transfer locations (7) 190,000 176,000 143,000 110,000 89,000
(1) Net revenue for 2008 includes net securities losses of $340.7 million from the realignment of the investment portfolio in the first
quarter of 2008, other-than-temporary impairments and declines in the value of our trading investments. Net losses for 2007 of
$1.2 billion relates to other-than-temporary impairments in the Company's investment portfolio.
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