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Table of Contents
MONEYGRAM INTERNATIONAL, INC.
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2014
(Amountsinmillions) Parent
Subsidiary
Guarantors
Non-
Guarantors
Eliminations
Consolidated
REVENUE
Fee and other revenue $ —
$ 1,547.0
$ 334.9
$ (443.5)
$ 1,438.4
Investment revenue —
16.3
0.2
—
16.5
Total revenue —
1,563.3
335.1
(443.5)
1,454.9
EXPENSES
Fee and other commissions expense —
802.5
161.9
(298.4)
666.0
Investment commissions expense —
0.4
—
—
0.4
Total commissions expense —
802.9
161.9
(298.4)
666.4
Compensation and benefits —
193.5
81.5
—
275.0
Transaction and operations support 3.1
414.8
59.4
(145.1)
332.2
Occupancy, equipment and supplies —
40.5
13.9
—
54.4
Depreciation and amortization —
42.1
13.4
—
55.5
Total operating expenses 3.1
1,493.8
330.1
(443.5)
1,383.5
OPERATING (LOSS) INCOME (3.1)
69.5
5.0
—
71.4
Other expenses (income)
Securities settlements —
(45.4)
—
—
(45.4)
Interest expense 44.2
—
—
—
44.2
Total other expenses (income), net 44.2
(45.4)
—
—
(1.2)
(Loss) income before income taxes (47.3)
114.9
5.0
—
72.6
Income tax (benefit) expense (16.6)
15.4
1.7
—
0.5
(Loss) income after income taxes (30.7)
99.5
3.3
—
72.1
Equity income (loss) in subsidiaries 102.8
3.3
—
(106.1)
—
NET INCOME (LOSS) 72.1
102.8
3.3
(106.1)
72.1
TOTAL OTHER COMPREHENSIVE (LOSS) INCOME (34.1)
(34.1)
(18.6)
52.7
(34.1)
COMPREHENSIVE INCOME (LOSS) $ 38.0
$ 68.7
$ (15.3)
$ (53.4)
$ 38.0
F-53