Western Union 2010 Annual Report Download - page 81
Download and view the complete annual report
Please find page 81 of the 2010 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.-
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 -
85 -
86 -
87 -
88 -
89 -
90 -
91 -
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
 |
 |
THE WESTERN UNION COMPANY
Consolidated Balance Sheets
(in millions, except per share amounts)
2010 2009
December 31,
Assets
Cash and cash equivalents ................................................................................... $ 2,157.4 $ 1,685.2
Settlement assets ................................................................................................ 2,635.2 2,389.1
Property and equipment, net of accumulated depreciation of $383.6 and $335.4,
respectively .................................................................................................... 196.5 204.3
Goodwill............................................................................................................ 2,151.7 2,143.4
Other intangible assets, net of accumulated amortization of $441.2 and $355.4,
respectively .................................................................................................... 438.0 489.2
Other assets........................................................................................................ 350.4 442.2
Total assets ........................................................................................................ $ 7,929.2 $ 7,353.4
Liabilities and Stockholders’ Equity
Liabilities:
Accounts payable and accrued liabilities ........................................................... $ 520.4 $ 501.2
Settlement obligations ..................................................................................... 2,635.2 2,389.1
Income taxes payable ...................................................................................... 356.6 519.0
Deferred tax liability, net ................................................................................. 289.9 268.9
Borrowings ..................................................................................................... 3,289.9 3,048.5
Other liabilities ............................................................................................... 254.5 273.2
Total liabilities ................................................................................................... 7,346.5 6,999.9
Commitments and contingencies (Note 6)
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............................................................... $ 7,929.2 $ 7,353.4
See Notes to Consolidated Financial Statements.
79