First Data 2008 Annual Report Download - page 194
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FIRST DATA CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(in millions)
Successor
December 31, 2008
Parent
Company
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Eliminations Consolidated
ASSETS
Current assets:
Cash and cash equivalents $ 10.5 $ 38.9 $ 356.9 — $ 406.3
Accounts receivable, net of allowance for doubtful accounts 14.3 1,799.5 823.4 — 2,637.2
Settlement assets (2) — 4,138.3 3,791.9 — 7,930.2
Other current assets 73.3 259.1 87.4 — 419.8
Total current assets 98.1 6,235.8 5,059.6 — 11,393.5
Property and equipment, net of accumulated depreciation 26.0 731.2 330.6 — 1,087.8
Goodwill — 11,548.5 3,312.7 — 14,861.2
Customer relationships, net of accumulated amortization — 4,822.7 1,164.9 — 5,987.6
Other intangibles, net of accumulated amortization 605.9 887.6 422.1 — 1,915.6
Investment in affiliates — 1,190.0 69.6 — 1,259.6
Long-term settlement assets (2) — — 732.7 — 732.7
Other long-term assets 656.3 233.3 48.5 — 938.1
Investment in consolidated subsidiaries 27,946.7 1,691.8 — $ (29,638.5) —
Total assets $ 29,333.0 $ 27,340.9 $ 11,140.7 $ (29,638.5) $ 38,176.1
LIABILITIES AND STOCKHOLDER'S EQUITY
Current liabilities:
Accounts payable $ — $ 83.3 $ 103.2 — $ 186.5
Short-term and current portion of long-term borrowings 157.4 31.7 308.2 — 497.3
Settlement obligations (2) — 4,138.3 4,542.3 — 8,680.6
Other current liabilities 371.7 737.8 304.1 — 1,413.6
Total current liabilities 529.1 4,991.1 5,257.8 — 10,778.0
Long-term borrowings 21,934.4 43.8 97.0 — 22,075.2
Long-term deferred tax (assets) liabilities (626.3) 2,181.0 93.5 — 1,648.2
Intercompany payable (receivable) 2,347.6 (1,760.1) (587.5) — —
Intercompany notes 1,613.5 (1,201.1) (412.4) — —
Other long-term liabilities 1,156.8 96.0 44.0 — 1,296.8
Total liabilities 26,955.1 4,350.7 4,492.4 — 35,798.2
Equity 2,377.9 22,990.2 6,648.3 $ (29,638.5) 2,377.9
Total liabilities and stockholder's equity $ 29,333.0 $ 27,340.9 $ 11,140.7 $ (29,638.5) $ 38,176.1
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