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Table of Contents
MONEYGRAM INTERNATIONAL, INC.
CONDENSED, CONSOLIDATING STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2011
F-56
(Amounts in millions) Parent
Subsidiary
Guarantors
Non-
Guarantors
Eliminations
Consolidated
REVENUE
Fee and other revenue
$
—
$
1,203.4
$
288.5
$
(261.0
)
$
1,230.9
Investment revenue
—
16.4
0.5
—
16.9
Total revenue
—
1,219.8
289.0
(261.0
)
1,247.8
EXPENSES
Fee and other commissions expense
—
576.5
148.4
(177.3
)
547.6
Investment commissions expense
—
0.4
—
—
0.4
Total commissions expense
—
576.9
148.4
(177.3
)
548.0
Compensation and benefits
—
173.6
62.1
—
235.7
Transaction and operations support
6.1
258.0
47.4
(83.7
)
227.8
Occupancy, equipment and supplies
—
36.0
11.7
—
47.7
Depreciation and amortization
—
34.5
11.5
—
46.0
Total operating expenses
6.1
1,079.0
281.1
(261.0
)
1,105.2
OPERATING (LOSS) INCOME
(6.1
)
140.8
7.9
—
142.6
Other expense (income)
Net securities gains
—
(
32.8
)
—
—
(
32.8
)
Interest expense
—
86.2
—
—
86.2
Debt extinguishment costs
—
37.5
—
—
37.5
Other costs
6.5
5.1
0.3
—
11.9
Total other expenses, net
6.5
96.0
0.3
—
102.8
(Loss) income before income taxes
(12.6
)
44.8
7.6
—
39.8
Income tax (benefit) expense
(4.4
)
(18.3
)
3.1
—
(
19.6
)
(Loss) income after income taxes
(8.2
)
63.1
4.5
—
59.4
Equity income (loss) in subsidiaries
67.6
4.5
—
(
72.1
)
—
NET INCOME (LOSS)
$
59.4
$
67.6
$
4.5
$
(72.1
)
$
59.4