First Data 2009 Annual Report Download - page 181

FIRST DATA CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
The following tables present the results of operations, financial position and cash flows of FDC (“FDC
Parent Company”), the Guarantor subsidiaries, the Non-Guarantor subsidiaries and consolidation adjustments for
the years ended December 31, 2009 and 2008, the successor period from September 25, 2007 through
December 31, 2007, and the predecessor period from January 1, 2007 through September 24, 2007 and as of
December 31, 2009 and 2008 to arrive at the information for FDC on a consolidated basis.
Successor
Year ended December 31, 2009
(in millions)
FDC Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries
Consolidation
Adjustments Consolidated
Revenues:
Transaction and processing service fees ....... $ — $4,111.5 $1,741.2 $ (63.8) $ 5,788.9
Investment income, net .................... — 6.4 2.0 — 8.4
Product sales and other ..................... — 514.6 302.1 (28.4) 788.3
Reimbursable debit network fees, postage and
other ................................. — 2,233.5 527.7 (33.0) 2,728.2
— 6,866.0 2,573.0 (125.2) 9,313.8
Expenses:
Cost of services (exclusive of items shown
below) ................................ — 2,138.3 870.6 (63.8) 2,945.1
Cost of products sold ...................... — 229.9 104.0 (28.4) 305.5
Selling, general and administrative ........... 218.9 827.0 392.3 — 1,438.2
Reimbursable debit network fees, postage and
other ................................. — 2,233.5 527.7 (33.0) 2,728.2
Depreciation and amortization ............... 6.0 1,063.5 382.8 — 1,452.3
Other operating expenses:
Restructuring, net ..................... 3.0 59.0 30.8 — 92.8
Impairments ......................... — 100.2 84.9 — 185.1
Litigation and regulatory settlements ...... (2.7) 14.5 — — 11.8
225.2 6,665.9 2,393.1 (125.2) 9,159.0
Operating (loss) profit ......................... (225.2) 200.1 179.9 — 154.8
Interest income ............................... 3.5 0.7 7.5 — 11.7
Interest expense .............................. (1,770.7) (7.5) (18.2) — (1,796.4)
Interest (expense) income from intercompany
notes ..................................... (97.3) 58.7 38.6 — —
Other (expense) income ........................ (88.6) (0.2) 27.5 — (61.3)
Equity earnings (loss) from consolidated
subsidiaries ................................ 322.5 28.4 — (350.9) —
(1,630.6) 80.1 55.4 (350.9) (1,846.0)
(Loss) income before income taxes and equity
earnings in affiliates ......................... (1,855.8) 280.2 235.3 (350.9) (1,691.2)
Income tax (benefit) expense .................... (769.4) 217.5 (26.9) — (578.8)
Equity earnings in affiliates ..................... — 101.5 (1.2) (2.5) 97.8
Net (loss) income ............................. (1,086.4) 164.2 261.0 (353.4) (1,014.6)
Less: Net (loss) income attributable to noncontrolling
interests ................................... — (0.1) 10.9 61.0 71.8
Net (loss) income attributable to First Data
Corporation ................................ $(1,086.4) $ 164.3 $ 250.1 $(414.4) $(1,086.4)
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