Western Union 2014 Annual Report Download - page 284

2014 FORM 10-K
THE WESTERN UNION COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
146
The following tables present the Company's reportable segment results for the years ended December 31, 2014, 2013 and
2012, respectively (in millions):
Year Ended December 31,
2014 2013 2012
Revenues:
Consumer-to-Consumer:
Transaction fees. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,421.8 $ 3,396.1 $ 3,545.6
Foreign exchange revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 998.9 981.3 988.5
Other revenues. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65.1 56.2 50.2
4,485.8 4,433.6 4,584.3
Consumer-to-Business:
Transaction fees. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 572.7 579.1 573.6
Foreign exchange and other revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26.1 29.4 30.3
598.8 608.5 603.9
Business Solutions:
Foreign exchange revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 363.1 355.5 332.0
Transaction fees and other revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41.5 37.4 35.4
404.6 392.9 367.4
Other:
Total revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 118.0 107.0 109.2
Total consolidated revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,607.2 $ 5,542.0 $ 5,664.8
Operating income/(loss):
Consumer-to-Consumer. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,050.4 $ 1,030.4 $ 1,266.9
Consumer-to-Business. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 98.7 121.9 137.6
Business Solutions (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (12.1)(27.0)(54.8)
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.5 (17.9)(19.7)
Total consolidated operating income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,140.5 $ 1,107.4 $ 1,330.0
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(a) During the years ended December 31, 2013 and 2012, the Company incurred $19.3 million and $42.8 million, respectively,
of integration expenses related to the acquisition of Travelex Global Business Payments ("TGBP"), which was acquired
in November 2011. TGBP integration expense consists primarily of severance and other benefits, retention, direct and
incremental expense consisting of facility relocation, consolidation and closures; IT systems integration; amortization of
a transitional trademark license; and other expenses such as training, travel and professional fees. Integration expense
does not include costs related to the completion of the TGBP acquisition, which are included in Other.