Western Union 2015 Annual Report Download - page 48
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NOTICE OF 2016 ANNUAL MEETING OF STOCKHOLDERS AND PROXY STATEMENT
30 | The Western Union Company
COMPENSATION DISCUSSION AND ANALYSIS
EXECUTIVE SUMMARY
BUSINESS OVERVIEW
The Western Union Company provides people and
businesses with fast, reliable, and convenient ways to send
money and make payments around the world. Western Union
offers its services in more than 200 countries and territories.
Our business is complex: our regulatory environment is
disparate and developing; our consumers are different from
those addressed by traditional financial services firms; and
our agent and client relationships are numerous and varied.
Managing these complexities is at the center of Western
Union’s success, and our leadership must be capable of
supporting our Company’s goals amid this complexity.
The Company’s key strategic priorities for 2015 were similar
to 2014 and are set forth in the chart below. The performance
goals and objectives under our annual incentive and
long-term incentive programs were designed to support
these strategies.
Constant currency revenue of $__ billion, [up/down] __% from 2014
Strategic Priorities
Selected Results
+++
Strengthening our
consumer money
transfer business
Continued
emphasis on
digital expansion
Driving accelerated
growth in Western
Union Business
Solutions
Generating and
deploying strong
cash flow for our
stockholders
Constant currency revenue
up 4% from 2014*;
GAAP revenue of $5.5 billion,
down 2% from 2014
Operating income of $1.1 billion,
down 3% from 2014
Operating income margin of 20.2%,
compared to 20.3% in 2014
Cash flow from operations
of $1.1 billion, up 2%
from 2014
TSR of 3.3% compared to 6.9%
in 2014
TSR at the 42nd percentile of
S&P 500 Index companies for
the three-year period ending
December 31, 2015
Please see our 2015 Annual Report on Form 10-K for more information regarding our performance.
* See Appendix A for a reconciliation of measures that are not based on accounting principles generally accepted in the United States (“GAAP”)
to the comparable GAAP measure.