Western Union 2010 Annual Report Download - page 129

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THE WESTERN UNION COMPANY
CONDENSED STATEMENTS OF OPERATIONS
(PARENT COMPANY ONLY)
(in millions)
2010 2009 2008
For the Years Ended December 31,
Revenues ......................................................................................... $ — $ — $ —
Expenses ......................................................................................... — — —
Operating income ............................................................................. — — —
Interest income................................................................................. 0.2 1.8 2.8
Interest expense................................................................................ (168.7) (157.3) (171.0)
Other expense .................................................................................. (3.3) — —
Loss before equity in earnings of affiliates and income taxes .............. (171.8) (155.5) (168.2)
Equity in earnings of affiliates, net of tax .......................................... 1,012.5 941.7 1,022.3
Income tax benefit ........................................................................... 69.2 62.6 64.9
Net income ...................................................................................... $ 909.9 $ 848.8 $ 919.0
See Notes to Condensed Financial Statements.
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