First Data 2008 Annual Report Download - page 123

FIRST DATA CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
million during the predecessor period related to accelerated vesting of all outstanding FDC unvested stock options, restricted stock awards and restricted stock
units as well as Western Union unvested stock options, restricted stock awards and restricted stock units held by FDC employees and an additional $19.6
million of associated taxes (excluding all income tax impacts).
Unaudited Pro Forma Condensed Consolidated Statements of Operations
The following Unaudited Pro Forma Condensed Consolidated Statements of Operations reflect the consolidated results of operations of the Company as
if the merger had occurred on January 1, 2007 and 2006. The historical financial information has been adjusted to give effect to events that are (1) directly
attributed to the merger, (2) factually supportable, and (3) with respect to the statement of operations, expected to have a continuing impact on the combined
results. Such items include interest expense related to debt issued in conjunction with the merger as well as additional amortization expense associated with
the valuation of intangible assets. The pro forma adjustments are based on the final allocation of the purchase price and final valuation of intangible and fixed
assets and reflect the modification of certain of the debt from variable to fixed interest rates. This unaudited pro forma information should not be relied upon
as necessarily being indicative of the historical results that would have been obtained if the merger had actually occurred on that date, nor of the results that
may be obtained in the future.
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