Western Union 2007 Annual Report Download - page 50

Download and view the complete annual report

Please find page 50 of the 2007 Western Union 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 84

  • 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

48
WESTERN UNION 2007 Annual Report
||
Consolidated Balance Sheets
December 31,
(in millions, except per share amounts) 2007 2006
ASSETS
Cash and cash equivalents $1,793.1 $1,421.7
Settlement assets 1,319.2 1,284.2
Property and equipment, net of accumulated depreciation of $251.5 and $213.1, respectively 200.3 176.1
Goodwill 1,639.5 1,648.0
Other intangible assets, net of accumulated amortization of $236.8 and $211.4, respectively 334.1 287.7
Other assets 498.0 503.4
Total assets $5,784.2 $5,321.1
LIABILITIES AND STOCKHOLDERS’ EQUITY/(DEFICIENCY)
Liabilities:
Accounts payable and accrued liabilities $ 350.1 $ 312.4
Settlement obligations 1,319.2 1,282.5
Income taxes payable 279.7 242.4
Deferred tax liability, net 263.6 274.8
Borrowings 3,338.0 3,323.5
Other liabilities 182.9 200.3
Total liabilities 5,733.5 5,635.9
Commitments and contingencies (Note 5)
Stockholders’ Equity/(Defi ciency):
Preferred stock, $1.00 par value; 10 shares authorized; no shares issued — —
Common stock, $0.01 par value; 2,000 shares authorized and
749.8 and 772.0 shares issued at December 31, 2007 and 2006, respectively 7.5 7.7
Capital defi ciency (341.1) (437.1)
Retained earnings 453.1 208.0
Accumulated other comprehensive loss (68.8) (73.5)
Less: Treasury stock at cost, 0.9 shares at December 31, 2006 — (19.9)
Total Stockholders’ Equity/(Defi ciency) 50.7 (314.8)
Total Liabilities and Stockholders’ Equity/(Defi ciency) $5,784.2 $5,321.1
See Notes to Consolidated Financial Statements.