Western Union 2009 Annual Report Download - page 51

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(h) Capital expenditures include capitalization of contract costs, capitalization of purchased and developed
software and purchases of property and equipment.
(i) At December 31, 2009, common stock repurchases of up to $1.0 billion have been authorized by the
Board of Directors through December 31, 2012. During the years ended December 31, 2009, 2008 and
2007 and the period from September 29, 2006 through December 31, 2006, we repurchased 24.8 million,
58.1 million, 34.7 million and 0.9 million shares, respectively.
(j) For all periods prior to the Spin-off date, basic and diluted earnings per share were computed utilizing the
basic shares outstanding at September 29, 2006.
(k) Consumer-to-consumer transactions include consumer-to-consumer money transfer services worldwide.
Amounts include Vigo Remittance Corp. transactions since the acquisition date of October 21, 2005.
(l) Global business payments transactions include Quick Collect, Western Union Convenience Pay, Speedpay,
Equity Accelerator, Just in Time EFT, Pago Fácil and Custom House transactions processed by us.
Amounts include Pago Fácil and Custom House transactions since their acquisition in December 2006
and September 2009, respectively.
(m) In connection with the Spin-off, we reported a $4.1 billion dividend to First Data in the consolidated
statements of stockholders’ equity/(deficiency)/Net Investment in The Western Union Company,
consisting of notes issued to First Data of $3.4 billion and a cash payment to First Data of $100.0 million.
The remaining dividend was comprised of cash, consideration for an ownership interest held by a First
Data subsidiary in a Western Union agent, settlement of net intercompany receivables, and transfers of
certain liabilities, net of assets. Subsequent to the Spin-off date, the Company had no outstanding
borrowings to First Data. Since the amount of the dividend exceeded the historical cost of our net assets
as of September 29, 2006, a capital deficiency resulted.
37