Western Union 2013 Annual Report Download - page 164

2013 FORM 10-K
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ITEM 6. SELECTED FINANCIAL DATA
The financial information in this Annual Report on Form 10-K is presented on a consolidated basis and includes the accounts
of the Company and our majority-owned subsidiaries. Our selected historical financial data are not necessarily indicative of our
future financial condition, future results of operations or future cash flows.
You should read the information set forth below in conjunction with our historical consolidated financial statements and the
notes to those statements included elsewhere in this Annual Report on Form 10-K.
Year Ended December 31,
(in millions, except per share data) 2013 2012 2011 2010 2009
Statements of Income Data:
Revenues (a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,542.0 $ 5,664.8 $ 5,491.4 $ 5,192.7 $ 5,083.6
Operating expenses (b) (c). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,434.6 4,334.8 4,106.4 3,892.6 3,800.9
Operating income (a) (b) (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,107.4 1,330.0 1,385.0 1,300.1 1,282.7
Interest income (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.4 5.5 5.2 2.8 9.4
Interest expense (e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (195.6)(179.6)(181.9)(169.9)(157.9)
Other income/(expense), net, excluding interest income and
interest expense (f). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.7 12.9 66.3 12.2 (2.7)
Income before income taxes (a) (b) (c) (d) (e) (f) . . . . . . . . . . . . . 926.9 1,168.8 1,274.6 1,145.2 1,131.5
Net income (a) (b) (c) (d) (e) (f) (g) . . . . . . . . . . . . . . . . . . . . . . . . 798.4 1,025.9 1,165.4 909.9 848.8
Depreciation and amortization. . . . . . . . . . . . . . . . . . . . . . . . . . . . 262.8 246.1 192.6 175.9 154.2
Cash Flow Data:
Net cash provided by operating activities (h) . . . . . . . . . . . . . . . . 1,088.6 1,185.3 1,174.9 994.4 1,218.1
Capital expenditures (i) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (241.3)(268.2)(162.5)(113.7)(98.9)
Common stock repurchased (j) . . . . . . . . . . . . . . . . . . . . . . . . . . . (399.7)(766.5)(803.9)(581.4)(400.2)
Earnings Per Share Data:
Basic (a) (b) (c) (d) (e) (f) (g) (j) . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1.43 $ 1.70 $ 1.85 $ 1.37 $ 1.21
Diluted (a) (b) (c) (d) (e) (f) (g) (j) . . . . . . . . . . . . . . . . . . . . . . . . $ 1.43 $ 1.69 $ 1.84 $ 1.36 $ 1.21
Cash dividends to stockholders per common share (k) . . . . . . . . . $ 0.50 $ 0.425 $ 0.31 $ 0.25 $ 0.06
Key Indicators (unaudited):
Consumer-to-Consumer transactions (l) . . . . . . . . . . . . . . . . . . . . 242.34 230.98 225.79 213.74 196.11
As of December 31,
(in millions) 2013 2012 2011 2010 2009
Balance Sheet Data:
Settlement assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,270.4 $ 3,114.6 $ 3,091.2 $ 2,635.2 $ 2,389.1
Total assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,121.3 9,465.7 9,069.9 7,929.2 7,353.4
Settlement obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,270.4 3,114.6 3,091.2 2,635.2 2,389.1
Total borrowings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,213.0 4,029.2 3,583.2 3,289.9 3,048.5
Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,016.6 8,525.1 8,175.1 7,346.5 6,999.9
Total stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,104.7 940.6 894.8 582.7 353.5
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