First Data 2008 Annual Report Download - page 198

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FIRST DATA CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Predecessor
Period from January 1 through September 24, 2007
(in millions)
Parent
Company
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Eliminations Consolidated
Cash and cash equivalents at beginning of period $ 82.9 $ 190.6 $ 880.7 — $ 1,154.2
CASH FLOWS FROM OPERATING ACTIVITIES
Net income from continuing operations 460.8 710.7 269.4 $ (976.5) 464.4
Net loss from discontinued operations — — (3.6) — (3.6)
Adjustments to reconcile to net cash provided by operating activities:
Depreciation and amortization (including amortization netted against equity earnings
in affiliates and revenues) 12.3 401.4 126.5 — 540.2
(Gains) charges related to restructuring, impairments, litigation and regulatory
settlements, other and other income (expense) (6.8) 10.2 17.5 — 20.9
Other non-cash and non-operating items, net (653.8) (243.0) (11.9) 976.5 67.8
(Decrease) increase in cash resulting from changes in operating assets and liabilities,
excluding the effects of acquisitions and dispositions (300.0) 339.0 (368.1) — (329.1)
Net cash (used in) provided by operating activities from continuing operations (487.5) 1,218.3 33.4 — 764.2
Net cash used in operating activities from discontinued operations — — (9.7) — (9.7)
Net cash (used in) provided by operating activities (487.5) 1,218.3 23.7 — 754.5
CASH FLOWS FROM INVESTING ACTIVITIES
Current period acquisitions, net of cash acquired (358.1) (12.4) (319.8) — (690.3)
Payments related to other businesses previously acquired (12.0) (33.9) (4.1) — (50.0)
Additions to property and equipment, net (15.9) (195.4) (64.2) — (275.5)
Payments to secure customer service contracts, including outlays for conversion and
capitalized systems development costs (5.0) (106.9) (11.8) — (123.7)
Proceeds from the sale of marketable securities — 11.8 — — 11.8
Other investing activities (17.4) (10.3) 18.2 — (9.5)
Net cash used in investing activities (408.4) (347.1) (381.7) — (1,137.2)
CASH FLOWS FROM FINANCING ACTIVITIES
Short-term borrowings, net — — 26.3 — 26.3
Principal payments on long-term debt (88.3) (19.1) (19.2) — (126.6)
Proceeds from issuance of common stock 187.4 — — — 187.4
Excess tax benefit from share-based payment arrangement 219.8 — — — 219.8
Purchase of treasury shares (371.8) — — — (371.8)
Cash dividends (67.7) — — — (67.7)
Intercompany 1,346.4 (994.7) (351.7) — —
Net cash provided by (used in) financing activities 1,225.8 (1,013.8) (344.6) — (132.6)
Effect of exchange rate changes on cash and cash equivalents — 10.2 24.3 — 34.5
Change in cash and cash equivalents 329.9 (132.4) (678.3) — (480.8)
Cash and cash equivalents at end of period $ 412.8 $ 58.2 $ 202.4 $ — $ 673.4
197