MoneyGram 2015 Annual Report Download - page 70

Download and view the complete annual report

Please find page 70 of the 2015 MoneyGram annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 129

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129

Table of Contents
MONEYGRAM INTERNATIONAL, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2015
2014
2013
(Amounts in millions, except per share data)
REVENUE
Fee and other revenue $ 1,422.6
$ 1,438.4
$ 1,456.8
Investment revenue 12.1
16.5
17.6
Total revenue 1,434.7
1,454.9
1,474.4
EXPENSES
Fee and other commissions expense 655.4
666.0
677.8
Investment commissions expense 0.8
0.4
0.4
Total commissions expense 656.2
666.4
678.2
Compensation and benefits 309.1
275.0
264.9
Transaction and operations support 324.8
332.2
253.7
Occupancy, equipment and supplies 62.3
54.4
49.0
Depreciation and amortization 66.1
55.5
50.7
Total operating expenses 1,418.5
1,383.5
1,296.5
OPERATING INCOME 16.2
71.4
177.9
Other expenses (income)
Net securities gains —
(45.4)
—
Interest expense 45.3
44.2
47.3
Debt extinguishment costs —
—
45.3
Total other expenses (income), net 45.3
(1.2)
92.6
(Loss) income before income taxes (29.1)
72.6
85.3
Income tax expense 47.8
0.5
32.9
NET (LOSS) INCOME $ (76.9)
$ 72.1
$ 52.4
(LOSS) EARNINGS PER COMMON SHARE
Basic $ (1.24)
$ 1.10
$ 0.73
Diluted $ (1.24)
$ 1.10
$ 0.73
Weighted-average outstanding common shares and equivalents used in computing (loss) earnings per
share
Basic 62.1
65.3
71.6
Diluted 62.1
65.5
71.9
See Notes to the Consolidated Financial Statements
F-6