First Data 2008 Annual Report Download - page 107

FIRST DATA CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS
Successor Predecessor
(in millions)
Year ended
December 31,
2008
Period from
September 25
through
December 31,
2007
Period from
January 1
through
September 24,
2007
Year ended
December 31,
2006
Cash and cash equivalents at beginning of period, including cash of discontinued operations in 2006 $ 606.5 — $ 1,154.2 $ 1,180.9
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) income from continuing operations (3,764.3) $ (301.9) 464.4 847.7
Net (loss) income from discontinued operations — — (3.6) 665.7
Adjustments to reconcile to net cash provided by operating activities:
Depreciation and amortization (including amortization netted against equity earnings in
affiliates and revenues) 1,559.6 427.2 540.2 700.8
Charges (gains) related to restructuring, impairments, litigation and regulatory settlements,
other and other income (expense) 3,267.0 73.8 20.9 (17.6)
Other non-cash and non-operating items, net (42.7) (35.6) 67.8 (38.5)
Increase (decrease) in cash, excluding the effects of acquisitions and dispositions, resulting
from changes in:
Accounts receivable, current and long-term (86.4) (316.9) (145.4) (183.8)
Other assets, current and long-term 297.4 124.8 (28.7) 46.8
Accounts payable and other liabilities, current and long-term (13.1) (100.8) (4.8) (60.0)
Income tax accounts (768.8) (61.4) 69.6 117.8
Excess tax benefit from share-based payment arrangement (13.1) — (219.8) (124.2)
Net cash provided by (used in) operating activities from continuing operations 435.6 (190.8) 764.2 1,289.0
Net cash (used in) provided by operating activities from discontinued operations — — (9.7) 796.0
Net cash provided by (used in) operating activities 435.6 (190.8) 754.5 2,085.0
CASH FLOWS FROM INVESTING ACTIVITIES
Merger, net of cash acquired — (25,756.2) — —
Current year acquisitions, net of cash acquired (267.1) (136.6) (690.3) (287.5)
Payments related to other businesses previously acquired (35.6) (0.5) (50.0) (51.1)
Proceeds from dispositions, net of expenses paid and cash disposed 215.1 — — 198.7
Additions to property and equipment, net (283.9) (55.2) (275.5) (170.4)
Payments to secure customer service contracts, including outlays for conversion, and capitalized
systems development costs (163.9) (57.5) (123.7) (129.7)
Proceeds from the sale of marketable securities 74.9 14.1 11.8 45.0
Dividend received from discontinued operations — — — 2,500.0
Cash retained by Western Union — — — (1,327.8)
Other investing activities (1.3) 108.7 (9.5) 202.6
Net cash (used in) provided by investing activities from continuing operations (461.8) (25,883.2) (1,137.2) 979.8
Net cash used in investing activities from discontinued operations — — — (280.3)
Net cash (used in) provided by investing activities (461.8) (25,883.2) (1,137.2) 699.5
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