Western Union 2014 Annual Report Download - page 245
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2014 FORM 10-K
THE WESTERN UNION COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
107
4. Acquisitions
During the first quarter of 2014, the Company acquired the Brazilian retail, walk-in foreign exchange operations of Fitta
DTVM S.A. and Fitta Turismo Ltda. for total consideration of $18.5 million. Of the total consideration, $15.6 million was allocated
to identifiable intangible assets, the majority of which relates to contractual relationships. The identifiable intangible assets are
being amortized over a period of two to twelve years with a weighted average life of ten years. The Company recognized $2.4
million of goodwill related to this acquisition.
The following table presents changes to goodwill for the years ended December 31, 2014 and 2013 (in millions):
Consumer-to-
Consumer Consumer-to-
Business Business
Solutions Other Total
January 1, 2013 balance . . . . . . . . . . . . . . . . . . . . . . . . $ 1,947.7 $ 221.1 $ 996.0 $ 14.9 $ 3,179.7
Currency translation . . . . . . . . . . . . . . . . . . . . . . . . . . . —(6.4) — (1.3)(7.7)
December 31, 2013 balance . . . . . . . . . . . . . . . . . . . . . $ 1,947.7 $ 214.7 $ 996.0 $ 13.6 $ 3,172.0
Acquisitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.4 — — — 2.4
Currency translation . . . . . . . . . . . . . . . . . . . . . . . . . . . —(5.0) — (0.2)(5.2)
December 31, 2014 balance . . . . . . . . . . . . . . . . . . . . . $ 1,950.1 $ 209.7 $ 996.0 $ 13.4 $ 3,169.2