Western Union 2013 Annual Report Download - page 258
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2013 FORM 10-K
148
THE WESTERN UNION COMPANY
CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
(PARENT COMPANY ONLY)
(in millions)
For the Years Ended December 31,
2013 2012 2011
Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ — $ — $ —
Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ———
Operating income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ———
Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.4 0.2 0.1
Interest expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (195.7)(178.6)(181.0)
Other expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — (0.1)
Loss before equity in earnings of affiliates and income taxes . . . . . . . . . . . . (195.3)(178.4)(181.0)
Equity in earnings of affiliates, net of tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . 919.0 1,136.1 1,276.7
Income tax benefit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 74.7 68.2 69.7
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 798.4 1,025.9 1,165.4
Other comprehensive income/(loss), net of tax. . . . . . . . . . . . . . . . . . . . . . . . 2.2 2.0 (11.7)
Other comprehensive income/(loss) of affiliates, net of tax . . . . . . . . . . . . . . (18.6)(36.1) 26.0
Comprehensive income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 782.0 $ 991.8 $ 1,179.7
See Notes to Condensed Financial Statements.