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Table of Contents
MONEYGRAM INTERNATIONAL, INC.
CONDENSED, CONSOLIDATING STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2013
F-49
(Amounts in millions) Parent
Subsidiary
Guarantors
Non-
Guarantors
Eliminations
Consolidated
REVENUE
Fee and other revenue
$
—
$
1,488.4
$
327.7
$
(359.3
)
$
1,456.8
Investment revenue
—
17.4
0.3
(0.1
)
17.6
Total revenue
—
1,505.8
328.0
(359.4
)
1,474.4
EXPENSES
Fee and other commissions expense
—
730.5
167.0
(219.7
)
677.8
Investment commissions expense
—
0.4
—
—
0.4
Total commissions expense
—
730.9
167.0
(219.7
)
678.2
Compensation and benefits
—
196.0
68.9
—
264.9
Transaction and operations support
1.7
339.7
51.9
(139.6
)
253.7
Occupancy, equipment and supplies
—
40.5
8.6
(0.1
)
49.0
Depreciation and amortization
36.4
14.3
—
50.7
Total operating expenses
1.7
1,343.5
310.7
(359.4
)
1,296.5
OPERATING INCOME
(1.7
)
162.3
17.3
—
177.9
Other expense
Interest expense
30.3
17.0
—
—
47.3
Debt extinguishment costs
—
45.3
—
—
45.3
Total other expense
30.3
62.3
—
—
92.6
(Loss) income before income taxes
(32.0
)
100.0
17.3
—
85.3
Income tax (benefit) expense
(11.2
)
36.6
7.5
—
32.9
(Loss) income after income taxes
(20.8
)
63.4
9.8
—
52.4
Equity income (loss) in subsidiaries
73.2
9.8
—
(
83.0
)
—
NET INCOME (LOSS)
$
52.4
$
73.2
$
9.8
$
(83.0
)
$
52.4