MoneyGram 2011 Annual Report Download - page 142

Table of Contents MONEYGRAM INTERNATIONAL, INC.
CONDENSED, CONSOLIDATING STATEMENTS OF (LOSS) INCOME
FOR THE YEAR ENDED DECEMBER 31, 2009
Subsidiary Non−
(Amounts in thousands) Parent Guarantors Guarantors Eliminations Consolidated
REVENUE
Fee and other revenue $ — $1,123,375 $ 126,810 $ (121,693) $ 1,128,492
Investment revenue — 31,208 2,011 — 33,219
Total revenue — 1,154,583 128,821 (121,693) 1,161,711
EXPENSES
Fee and other commissions expense — 514,142 21,573 (38,610) 497,105
Investment commissions expense — 1,362 — — 1,362
Total commissions expense — 515,504 21,573 (38,610) 498,467
Compensation and benefits 3,942 155,008 40,103 — 199,053
Transaction and operations support 42,878 267,375 57,107 (83,083) 284,277
Occupancy, equipment and supplies — 37,999 9,426 — 47,425
Depreciation and amortization — 44,979 12,112 — 57,091
Total operating expenses 46,820 1,020,865 140,321 (121,693) 1,086,313
OPERATING (LOSS) INCOME (46,820) 133,718 (11,500) — 75,398
Other expense (income)
Net securities (gains) losses — (7,790) — — (7,790)
Interest expense — 107,911 — — 107,911
Other — (2,401) — — (2,401)
Total other expenses, net — 97,720 — — 97,720
(Loss) income before income taxes (46,820) 35,998 (11,500) — (22,322)
Income tax (benefit) expense (16,387) (6,010) 1,981 — (20,416)
(Loss) income after income taxes (30,433) 42,008 (13,481) — (1,906)
Equity income (loss) in subsidiaries 28,527 (13,481) — (15,046) —
NET (LOSS) INCOME $ (1,906) $ 28,527 $ (13,481) $ (15,046) $ (1,906)
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