First Data 2008 Annual Report Download - page 197

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FIRST DATA CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Successor
Period from September 25, 2007 through December 31, 2007
(in millions)
Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations Consolidated
Cash and cash equivalents at beginning of period — — — — —
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) income from continuing operations $ (301.9) $ 91.7 $ 56.8 $ (148.5) $ (301.9)
Adjustments to reconcile to net cash provided by operating activities:
Depreciation and amortization (including amortization netted against equity earnings
in affiliates and revenues) 5.1 327.1 95.0 — 427.2
Charges (gains) related to restructuring, impairments, litigation and regulatory
settlements, other and other income (expense) 72.6 (0.1) 1.3 — 73.8
Other non-cash and non-operating items, net (93.9) (85.9) (4.3) 148.5 (35.6)
(Decrease) increase in cash resulting from changes in operating assets and liabilities,
excluding the effects of acquisitions and dispositions (181.4) 168.5 (341.4) — (354.3)
Net cash (used in) provided by operating activities (499.5) 501.3 (192.6) — (190.8)
CASH FLOWS FROM INVESTING ACTIVITIES
Merger with Kohlberg Kravis Roberts & Co, net of cash acquired (26,016.8) 58.2 202.4 — (25,756.2)
Current period acquisitions, net of cash acquired (85.2) — (51.4) — (136.6)
Payments related to other businesses previously acquired — (0.5) — — (0.5)
Additions to property and equipment, net 0.1 (31.0) (24.3) — (55.2)
Payments to secure customer service contracts, including outlays for conversion and
capitalized systems development costs (0.6) (49.7) (7.2) — (57.5)
Proceeds from the sale of marketable securities — — 14.1 — 14.1
Other investing activities 24.2 0.3 84.2 — 108.7
Net cash (used in) provided by investing activities (26,078.3) (22.7) 217.8 — (25,883.2)
CASH FLOWS FROM FINANCING ACTIVITIES
Short-term borrowings, net 60.0 — 178.5 — 238.5
Proceeds from issuance of long-term debt 21,245.7 — — — 21,245.7
Principal payments on long-term debt (2,019.0) (5.5) (8.8) — (2,033.3)
Proceeds from issuance of common stock 7,224.4 — — — 7,224.4
Intercompany 127.3 (384.0) 256.7 — —
Net cash provided by (used in) financing activities 26,638.4 (389.5) 426.4 — 26,675.3
Effect of exchange rate changes on cash and cash equivalents — (28.4) 33.6 — 5.2
Change in cash and cash equivalents 60.6 60.7 485.2 — 606.5
Cash and cash equivalents at end of period $ 60.6 $ 60.7 $ 485.2 $ — $ 606.5
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