Western Union 2011 Annual Report Download - page 154

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THE WESTERN UNION COMPANY
CONDENSED STATEMENTS OF OPERATIONS
(PARENT COMPANY ONLY)
(in millions)
For the Years Ended December 31,
2011 2010 2009
Revenues ................................................ $ — $ — $ —
Expenses ................................................ — — —
Operating income ......................................... — — —
Interest income ........................................... 0.1 0.2 1.8
Interest expense ........................................... (181.0) (168.7) (157.3)
Other expense ............................................ (0.1) (3.3) —
Loss before equity in earnings of affiliates and income taxes ........ (181.0) (171.8) (155.5)
Equity in earnings of affiliates, net of tax ....................... 1,276.7 1,012.5 941.7
Income tax benefit ......................................... 69.7 69.2 62.6
Net income ............................................... $1,165.4 $ 909.9 $ 848.8
See Notes to Condensed Financial Statements.
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