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Table of Contents
MONEYGRAM INTERNATIONAL, INC.
CONDENSED, CONSOLIDATING STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2012
F-53
(Amounts in millions) Parent
Subsidiary
Guarantors
Non-
Guarantors
Eliminations
Consolidated
REVENUE
Fee and other revenue
$
—
$
1,432.7
$
300.6
$
(404.7
)
$
1,328.6
Investment revenue
—
12.1
0.5
—
12.6
Total revenue
—
1,444.8
301.1
(404.7
)
1,341.2
EXPENSES
Fee and other commissions expense
—
756.0
161.3
(318.1
)
599.2
Investment commissions expense
—
0.3
—
—
0.3
Total commissions expense
—
756.3
161.3
(318.1
)
599.5
Compensation and benefits
—
175.5
66.1
—
241.6
Transaction and operations support
10.6
382.4
49.3
(86.6
)
355.7
Occupancy, equipment and supplies
—
34.5
13.2
—
47.7
Depreciation and amortization
—
31.2
13.1
—
44.3
Total operating expenses
10.6
1,379.9
303.0
(404.7
)
1,288.8
OPERATING (LOSS) INCOME
(10.6
)
64.9
(1.9
)
—
52.4
Other expense (income)
Net security gains
—
(
10.0
)
—
—
(
10.0
)
Interest expense
—
70.9
—
—
70.9
Other costs
0.3
0.1
—
—
0.4
Total other expenses, net
0.3
61.0
—
—
61.3
(Loss) income before income taxes
(10.9
)
3.9
(1.9
)
—
(
8.9
)
Income tax (benefit) expense
(6.3
)
42.5
4.2
—
40.4
(Loss) income after income taxes
(4.6
)
(38.6
)
(6.1
)
—
(
49.3
)
Equity (loss) income in subsidiaries
(44.7
)
(6.1
)
—
50.8
—
NET (LOSS) INCOME
$
(49.3
)
$
(44.7
)
$
(6.1
)
$
50.8
$
(49.3
)