First Data 2009 Annual Report Download - page 148

FIRST DATA CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Successor
December 31, 2009 2008
(in millions)
Property and equipment:
Land ................................................................. $ 92.6 $ 112.8
Buildings ............................................................. 403.5 399.5
Leasehold improvements ................................................. 44.6 35.1
Equipment and furniture ................................................. 812.8 732.7
Equipment under capital lease ............................................ 161.6 68.8
1,515.1 1,348.9
Less accumulated depreciation ............................................ (463.7) (261.1)
$1,051.4 $1,087.8
Other long-term assets:
Accounts receivable, net of allowance for doubtful accounts of $7.6 (2009) and $7.2
(2008) ............................................................. $ 352.6 $ 366.0
Investments ........................................................... 25.6 27.5
Regulatory and escrowed cash ............................................ 28.8 6.8
Derivative financial instruments ........................................... 1.2 11.7
Deferred financing costs (net of amortization) ................................ 411.2 490.2
Deferred income tax assets ............................................... 3.3 11.0
Other ................................................................ 22.0 24.9
$ 844.7 $ 938.1
Other current liabilities:
Accrued expenses ...................................................... $ 931.3 $ 829.3
Compensation and benefit liabilities ........................................ 182.3 246.5
Income taxes payable ................................................... 13.9 20.8
Due to unconsolidated merchant alliances ................................... 97.4 83.7
Other ................................................................ 330.0 233.3
$1,554.9 $1,413.6
Other long-term liabilities:
Pension obligations ..................................................... $ 143.1 $ 71.5
Derivative financial instruments ........................................... 465.0 595.6
Income taxes payable ................................................... 586.7 510.2
Other ................................................................ 107.1 95.1
$1,301.9 $1,272.4
Supplemental Cash Flow Information
Supplemental cash flow information is summarized as follows:
Successor Predecessor
(in millions)
Year ended
December 31,
2009
Year ended
December 31,
2008
Period from
September 25, 2007
through
December 31,
2007
Period from
January 1, 2007
through
September 24,
2007
Income tax payments (refunds), net .............. $ 79.0 $ 69.0 $(108.0) $56.0
Interest paid ................................. 1,412.2 1,424.7 480.0 90.5
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