Western Union 2009 Annual Report Download - page 91
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THE WESTERN UNION COMPANY
Consolidated Balance Sheets
(in millions, except per share amounts)
2009 2008
December 31,
Assets
Cash and cash equivalents ............................................... $1,685.2 $1,295.6
Settlement assets ...................................................... 2,389.1 1,207.5
Property and equipment, net of accumulated depreciation of $335.4 and $284.0,
respectively ........................................................ 204.3 192.3
Goodwill ............................................................ 2,143.4 1,674.2
Other intangible assets, net of accumulated amortization of $355.4 and $276.5,
respectively ........................................................ 489.2 350.6
Other assets.......................................................... 442.2 858.1
Total assets .......................................................... $7,353.4 $5,578.3
Liabilities and Stockholders’ Equity/(Deficiency)
Liabilities:
Accounts payable and accrued liabilities ................................. $ 501.2 $ 385.7
Settlement obligations .............................................. 2,389.1 1,207.5
Income taxes payable ............................................... 519.0 381.6
Deferred tax liability, net ............................................ 268.9 270.1
Borrowings ...................................................... 3,048.5 3,143.5
Other liabilities ................................................... 273.2 198.0
Total liabilities ....................................................... 6,999.9 5,586.4
Commitments and contingencies (Note 6)
Stockholders’ equity/(deficiency):
Preferred stock, $1.00 par value; 10 shares authorized; no shares issued.......... — —
Common stock, $0.01 par value; 2,000 shares authorized; 686.5 and 709.6 shares
issued and outstanding at December 31, 2009 and 2008, respectively .......... 6.9 7.1
Capital surplus/(deficiency) .......................................... 40.7 (14.4)
Retained earnings.................................................. 433.2 29.2
Accumulated other comprehensive loss .................................. (127.3) (30.0)
Total stockholders’ equity/(deficiency) .................................. 353.5 (8.1)
Total liabilities and stockholders’ equity/(deficiency) ........................... $7,353.4 $5,578.3
See Notes to Consolidated Financial Statements.
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