First Data 2008 Annual Report Download - page 195
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FIRST DATA CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Successor
December 31, 2007
(in millions)
Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations Consolidated
ASSETS
Current assets:
Cash and cash equivalents $ 60.6 $ 60.7 $ 485.2 — $ 606.5
Accounts receivable, net of allowance for doubtful accounts 21.9 1,339.1 1,051.8 — 2,412.8
Settlement assets (2) — 3,989.9 13,152.7 — 17,142.6
Other current assets 94.3 272.3 113.1 — 479.7
Total current assets 176.8 5,662.0 14,802.8 — 20,641.6
Property and equipment, net of accumulated depreciation 21.7 608.6 309.0 — 939.3
Goodwill — 11,963.3 4,853.9 — 16,817.2
Customer relationships, net of accumulated amortization — 5,106.5 1,679.0 — 6,785.5
Other intangibles, net of accumulated amortization 2.6 1,087.7 647.8 — 1,738.1
Investment in affiliates 532.8 2,738.0 255.5 — 3,526.3
Long-term settlement assets (2) — — 1,085.8 — 1,085.8
Other long-term assets 654.2 246.4 74.9 — 975.5
Investment in consolidated subsidiaries 30,208.8 2,246.8 — $ (32,455.6) —
Total assets $ 31,596.9 $ 29,659.3 $ 23,708.7 $ (32,455.6) $ 52,509.3
LIABILITIES AND STOCKHOLDER'S EQUITY
Current liabilities:
Accounts payable $ 2.2 $ 84.6 $ 71.7 — $ 158.5
Short-term and current portion of long-term borrowings 266.6 21.5 332.2 — 620.3
Settlement obligations (2) — 3,989.9 14,238.5 — 18,228.4
Other current liabilities 163.4 772.3 463.2 — 1,398.9
Total current liabilities 432.2 4,868.3 15,105.6 — 20,406.1
Long-term borrowings 21,836.6 12.4 104.5 — 21,953.5
Long-term deferred tax (assets) liabilities (305.6) 2,341.6 345.6 — 2,381.6
Intercompany payable (receivable) 548.6 (88.7) (459.9) — —
Intercompany notes 1,575.7 (1,254.9) (320.8) — —
Other long-term liabilities 680.4 144.1 114.6 — 939.1
Total liabilities 24,767.9 6,022.8 14,889.6 — 45,680.3
Equity 6,829.0 23,636.5 8,819.1 $ (32,455.6) 6,829.0
Total liabilities and stockholder's equity $ 31,596.9 $ 29,659.3 $ 23,708.7 $ (32,455.6) $ 52,509.3
(2) The majority of the guarantor settlement assets relate to the Company's merchant acquiring business. The Company believes the settlement assets
generally are not available to satisfy any claims other than those related to the settlement liabilities.
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