First Data 2008 Annual Report Download - page 106

FIRST DATA CORPORATION
CONSOLIDATED BALANCE SHEETS
Successor
December 31, 2008 2007
(in millions, except common stock share amounts)
ASSETS
Current assets:
Cash and cash equivalents $ 406.3 $ 606.5
Accounts receivable, net of allowance for doubtful accounts of $16.6 (2008) and $14.7 (2007) 2,637.2 2,412.8
Settlement assets 7,930.2 17,142.6
Other current assets 419.8 479.7
Total current assets 11,393.5 20,641.6
Property and equipment, net of accumulated depreciation of $261.1 (2008) and $61.2 (2007) 1,087.8 939.3
Goodwill 14,861.2 16,817.2
Customer relationships, net of accumulated amortization of $932.1 (2008) and $230.5 (2007) 5,987.6 6,785.5
Other intangibles, net of accumulated amortization of $373.1 (2008) and $76.9 (2007) 1,915.6 1,738.1
Investment in affiliates 1,259.6 3,526.3
Long-term settlement assets 732.7 1,085.8
Other long-term assets 938.1 975.5
Total assets $ 38,176.1 $ 52,509.3
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 186.5 $ 158.5
Short-term and current portion of long-term borrowings 497.3 620.3
Settlement obligations 8,680.6 18,228.4
Other current liabilities 1,413.6 1,398.9
Total current liabilities 10,778.0 20,406.1
Long-term borrowings 22,075.2 21,953.5
Long-term deferred tax liabilities 1,648.2 2,381.6
Other long-term liabilities 1,296.8 939.1
Total liabilities 35,798.2 45,680.3
Commitments and contingencies (See Note 13)
Stockholders' equity:
Common stock, $.01 par value; authorized and issued 1,000 shares (2008 and 2007) — —
Additional paid-in capital 7,380.8 7,224.4
Paid-in capital 7,380.8 7,224.4
Accumulated loss (4,068.0) (301.9)
Accumulated other comprehensive loss (934.9) (93.5)
Total stockholders' equity 2,377.9 6,829.0
Total liabilities and stockholders' equity $ 38,176.1 $ 52,509.3
See Notes to Consolidated Financial Statements.
105