Western Union 2006 Annual Report Download - page 66

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WESTERN UNION 2006 Annual Report 64
|| Consolidated Balance Sheets
December 31,
(in millions, except per share amounts) 2006 2005
ASSETS
Cash and cash equivalents $1,421.7 $ 510.2
Settlement assets 1,284.2 914.4
Receivables from First Data, net — 192.8
Notes receivable from First Data — 751.5
Property and equipment, net of accumulated depreciation of $213.1 and $183.6, respectively 176.1 82.4
Goodwill 1,648.0 1,618.0
Other intangible assets, net of accumulated amortization of $211.4 and $155.6, respectively 287.7 180.4
Other assets 503.4 342.0
Total assets $5,321.1 $4,591.7
LIABILITIES AND STOCKHOLDERS’ (DEFICIENCY)/
NET INVESTMENT IN THE WESTERN UNION COMPANY
Liabilities:
Accounts payable and accrued liabilities $ 554.8 $ 238.6
Settlement obligations 1,282.5 912.0
Pension obligations 52.9 69.8
Deferred tax liability, net 274.8 248.1
Notes payable to First Data — 163.5
Borrowings 3,323.5 —
Other liabilities 147.4 147.9
Total liabilities 5,635.9 1,779.9
Commitments and contingencies (Note 5)
Stockholders’ (Deficiency)/Net Investment in The Western Union Company:
Preferred stock, $1.00 par value; 10 shares authorized; no shares issued — —
Common stock, $0.01 par value; 2,000 shares authorized and 772.0 shares
issued at December 31, 2006; no shares authorized or issued at December 31, 2005 7.7 —
Capital deficiency (437.1) —
Net investment in The Western Union Company — 2,873.9
Retained earnings 208.0 —
Accumulated other comprehensive loss (73.5) (62.1)
Less treasury stock at cost, 0.9 shares at December 31, 2006 (19.9) —
Total Stockholders’ (Deficiency)/Net Investment in The Western Union Company (314.8) 2,811.8
Total Liabilities and Stockholders’ (Deficiency)/
Net Investment in The Western Union Company $5,321.1 $4,591.7
See Notes to Consolidated Financial Statements.