First Data 2008 Annual Report Download - page 191
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FIRST DATA CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(in millions)
Successor
Period from September 25, 2007 through December 31, 2007
Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations Consolidated
Revenues:
Transaction and processing service fees $ 0.8 $ 1,109.4 $ 444.6 $ (1.5) $ 1,553.3
Investment income, net — 11.9 (20.1) — (8.2)
Product sales and other — 133.3 96.6 (6.9) 223.0
Reimbursable debit network fees, postage and other — 486.6 23.8 — 510.4
0.8 1,741.2 544.9 (8.4) 2,278.5
Expenses:
Cost of services (exclusive of items shown below) — 591.7 200.1 (1.5) 790.3
Cost of products sold — 59.6 34.6 (6.9) 87.3
Selling, general and administrative 14.5 229.2 124.2 — 367.9
Reimbursable debit network fees, postage and other — 486.6 23.8 — 510.4
Depreciation and amortization 1.1 269.4 97.3 — 367.8
Other operating expenses:
Restructuring, net — (0.2) — — (0.2)
15.6 1,636.3 480.0 (8.4) 2,123.5
Operating (loss) profit (14.8) 104.9 64.9 — 155.0
Interest income 9.6 1.9 6.4 — 17.9
Interest expense (578.4) (1.1) (5.2) — (584.7)
Interest (expense) income from intercompany notes (28.1) 22.7 5.4 — —
Other (expense) income (72.6) (0.1) (1.3) — (74.0)
Equity earnings from consolidated subsidiaries 149.4 (0.9) — (148.5) —
(520.1) 22.5 5.3 (148.5) (640.8)
(Loss) income before income taxes, minority interest and equity earnings in affiliates (534.9) 127.4 70.2 (148.5) (485.8)
Income tax (benefit) expense (1) (221.2) 68.0 (22.9) — (176.1)
Minority interest — (0.1) (38.9) — (39.0)
Equity earnings in affiliates 11.8 32.4 2.6 — 46.8
Net (loss) income $ (301.9) $ 91.7 $ 56.8 $ (148.5) $ (301.9)
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