Western Union 2010 Annual Report Download - page 128
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THE WESTERN UNION COMPANY
SCHEDULE I—CONDENSED FINANCIAL INFORMATION OF THE REGISTRANT
The following lists the condensed financial information for the parent company as of December 31, 2010 and
2009 and statements of income and cash flows for each of the three years in the period ended December 31, 2010.
THE WESTERN UNION COMPANY
CONDENSED BALANCE SHEETS
(PARENT COMPANY ONLY)
(in millions, except per share amounts)
2010 2009
December 31,
Assets
Cash and cash equivalents .............................................................................. $ 89.2 $ 27.9
Property and equipment, net of accumulated depreciation of $10.6 and $9.4,
respectively ............................................................................................... 30.9 31.8
Refundable income tax deposit ....................................................................... 250.0 —
Other assets................................................................................................... 60.2 82.1
Investment in subsidiaries .............................................................................. 3,805.3 3,722.4
Total assets........................................................................................................... $ 4,235.6 $ 3,864.2
Liabilities and Stockholders’ Equity
Liabilities:
Accounts payable and accrued liabilities ......................................................... 80.9 69.3
Payable to subsidiaries, net............................................................................. 285.1 397.4
Borrowings ................................................................................................... 3,283.9 3,042.5
Other liabilities.............................................................................................. 3.0 1.5
Total liabilities ..................................................................................................... 3,652.9 3,510.7
Stockholders’ equity:
Preferred stock, $1.00 par value; 10 shares authorized; no shares issued............ — —
Common stock, $0.01 par value; 2,000 shares authorized; 654.0 and
686.5 shares issued and outstanding at December 31, 2010 and 2009,
respectively ............................................................................................... 6.5 6.9
Capital surplus .............................................................................................. 117.4 40.7
Retained earnings .......................................................................................... 591.6 433.2
Accumulated other comprehensive loss ........................................................... (132.8) (127.3)
Total stockholders’ equity .............................................................................. 582.7 353.5
Total liabilities and stockholders’ equity................................................................. $ 4,235.6 $ 3,864.2
See Notes to Condensed Financial Statements.
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