MoneyGram 2010 Annual Report Download - page 144
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Table of Contents
MONEYGRAM INTERNATIONAL, INC.
CONDENSED, CONSOLIDATING STATEMENTS OF INCOME(LOSS)
FOR THE YEAR ENDED DECEMBER 31, 2010
Subsidiary Non-
(Amounts in thousands) Parent Guarantors Guarantors Eliminations Consolidated
REVENUE
Fee and other revenue $ — $ 1,125,014 $ 204,267 $ (183,969) $ 1,145,312
Investment revenue — 21,080 261 — 21,341
Total revenue — 1,146,094 204,528 (183,969) 1,166,653
EXPENSES
Fee and other commissions expense — 527,539 91,647 (118,427) 500,759
Investment commissions expense — 737 — — 737
Total commissions expense — 528,276 91,647 (118,427) 501,496
Compensation and benefits (217) 175,521 51,118 — 226,422
Transaction and operations support 1,564 208,966 40,794 (65,542) 185,782
Occupancy, equipment and supplies — 36,987 9,494 — 46,481
Depreciation and amortization — 37,412 10,662 — 48,074
Total operating expenses 1,347 987,162 203,715 (183,969) 1,008,255
OPERATING (LOSS) INCOME (1,347) 158,932 813 — 158,398
Other expense (income)
Net securities (gains) losses — (2,115) — — (2,115)
Interest expense — 102,133 — — 102,133
Other — — — — —
Total other expenses, net — 100,018 — — 100,018
(Loss) income before income taxes (1,347) 58,914 813 — 58,380
Income tax (benefit) expense (471) 11,113 3,937 — 14,579
(Loss) income after income taxes (876) 47,801 (3,124) — 43,801
Equity income (loss) in subsidiaries 44,677 (3,124) — (41,553) —
NET INCOME(LOSS) $ 43,801 $ 44,677 $ (3,124) $ (41,553) $ 43,801
F-59