First Data 2007 Annual Report Download - page 31

ITEM 6. SELECTED FINANCIAL DATA
The following data should be read in conjunction with the Consolidated Financial Statements and related notes thereto and Management's Discussion
and Analysis of Financial Condition and Results of Operations included elsewhere in this annual report.
The Notes to the Consolidated Financial Statements contain additional information about various acquisitions, dispositions, and certain charges and
benefits resulting from restructurings, impairments, litigation and regulatory settlements, other, and other income (expense) which affect the comparability of
information presented. Certain prior years' amounts have been reclassified to conform to the current year presentation.
On April 1, 2007, the Company entered into an Agreement and Plan of Merger (the "Merger Agreement") with New Omaha Holdings L.P., a Delaware
limited partnership ("Parent"), and Omaha Acquisition Corporation, a Delaware corporation and a subsidiary of Parent ("Sub"). Parent is controlled by
affiliates of Kohlberg Kravis Roberts & Co. ("KKR"). On September 24, 2007, under the terms of the Merger Agreement, Sub merged with and into the
Company ("the merger") with the Company continuing as the surviving corporation and a subsidiary of First Data Holdings Inc. ("Holdings"; formerly known
as New Omaha Holdings Corporation) a Delaware corporation and a subsidiary of Parent. As a result of the merger, amounts below for 2007 are presented for
two periods: predecessor and successor, which primarily relate to the period preceding the merger and the period succeeding the merger, respectively.
The Company classified Western Union, Primary Payment Systems, IDLogix and Taxware as discontinued operations in 2006 and NYCE as a
discontinued operation in 2003, and all periods below have been reclassified from historically reported results to reflect the impact. Amounts below include
Concord since the merger on February 26, 2004 and all other acquisitions since the date acquired. All results are in millions, or otherwise noted.
Successor Predecessor
Period from
September 25
through
December 31,
2007
Period from
January 1
through
September 24,
2007
Year Ended December 31,
2006 2005 2004 2003
Income statement data:
Revenues $ 2,278.5 $ 5,772.9 $ 7,076.4 $ 6,526.1 $ 6,633.4 $ 5,432.7
Operating expenses (a) 2,123.7 5,209.2 5,990.9 5,461.0 5,111.5 4,214.2
Other operating expenses (b) (0.2) 23.3 5.0 142.6 120.3 35.5
Interest income 17.9 30.8 55.5 12.4 23.1 6.7
Interest expense (584.7) (103.6) (248.0) (190.9) (116.4) (81.6)
Other income (expense) (c) (74.0) 4.9 22.6 145.8 150.1 (69.6)
(Loss) income from continuing operations (301.9) 464.4 847.7 807.5 1,151.3 864.6
(Loss) income from discontinued operations — (3.6) 665.7 909.9 757.0 635.6
Depreciation and amortization 427.2 540.2 700.8 689.0 656.0 494.6
December 31,
2007
Balance sheet data (at year-end):
Total assets $ 52,324.3 $ 34,460.7 $ 34,248.5 $ 32,718.8 $ 25,585.6
Settlement assets 18,228.4 19,149.8 16,076.3 14,995.5 14,551.1
Assets held for sale and spin-off — — 3,812.6 3,170.9 3,248.3
Total liabilities 45,495.3 24,319.5 25,791.5 23,832.7 21,538.3
Settlement obligations 18,228.4 19,166.5 16,152.5 14,894.9 14,275.3
Borrowings 22,573.8 2,516.2 5,354.6 4,604.3 3,034.7
Convertible debt — — — — 537.2
Liabilities related to sale and spin-off — — 1,730.6 1,473.3 1,392.6
Total stockholders' equity 6,829.0 10,141.2 8,457.0 8,886.1 4,047.3
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