Western Union 2015 Annual Report Download - page 247

THE WESTERN UNION COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
145
The following tables present the Company's reportable segment results for the years ended December 31, 2015, 2014 and
2013, respectively (in millions):
Year Ended December 31,
2015 2014 2013
Revenues:
Consumer-to-Consumer:
Transaction fees. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,221.0 $ 3,421.8 $ 3,396.1
Foreign exchange revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,057.1 998.9 981.3
Other revenues. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65.8 65.1 56.2
4,343.9 4,485.8 4,433.6
Consumer-to-Business:
Transaction fees. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 612.7 572.7 579.1
Foreign exchange and other revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.0 26.1 29.4
637.7 598.8 608.5
Business Solutions:
Foreign exchange revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 357.2 363.1 355.5
Transaction fees and other revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41.5 41.5 37.4
398.7 404.6 392.9
Other:
Total revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 103.4 118.0 107.0
Total consolidated revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,483.7 $ 5,607.2 $ 5,542.0
Operating income/(loss):
Consumer-to-Consumer. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,042.0 $ 1,050.4 $ 1,030.4
Consumer-to-Business (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68.6 98.7 121.9
Business Solutions (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.8 (12.1)(27.0)
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4.0) 3.5 (17.9)
Total consolidated operating income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,109.4 $ 1,140.5 $ 1,107.4
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(a) During the year ended December 31, 2015, Consumer-to-Business operating income included $35.3 million of expenses
related to the Paymap Settlement Agreement. For additional information on the Paymap Settlement Agreement, refer to
Note 5.
(b) During the year ended December 31, 2013, the Company incurred $19.3 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.
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