First Data 2009 Annual Report Download - page 183

FIRST DATA CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(in millions)
Successor
Period from September 25, 2007 through December 31, 2007
FDC Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries
Consolidation
Adjustments Consolidated
Revenues:
Transaction and processing service fees ...... $ 0.8 $1,109.4 $444.6 $ (1.5) $1,553.3
Investment income, net ................... — 11.9 (20.1) — (8.2)
Product sales and other .................... — 133.3 96.6 (6.9) 223.0
Reimbursable debit network fees, postage and
other ................................ — 486.6 23.8 — 510.4
0.8 1,741.2 544.9 (8.4) 2,278.5
Expenses:
Cost of services (exclusive of items shown
below) ............................... — 555.2 200.1 (1.5) 753.8
Cost of products sold ..................... — 59.6 34.6 (6.9) 87.3
Selling, general and administrative .......... 14.5 265.7 124.2 — 404.4
Reimbursable debit network fees, postage and
other ................................ — 486.6 23.8 — 510.4
Depreciation and amortization .............. 1.1 269.4 97.3 — 367.8
Other operating expenses:
Restructuring, net .................... — (0.2) — — (0.2)
15.6 1,636.3 480.0 (8.4) 2,123.5
Operating (loss) profit ........................ (14.8) 104.9 64.9 — 155.0
Interest income .............................. 9.6 1.9 6.4 — 17.9
Interest expense ............................. (578.4) (1.1) (5.2) — (584.7)
Interest (expense) income from intercompany
notes .................................... (28.1) 22.7 5.4 — —
Other (expense) income ....................... (72.6) (0.1) (1.3) — (74.0)
Equity earnings from consolidated subsidiaries ..... 149.4 (0.9) — (148.5) —
(520.1) 22.5 5.3 (148.5) (640.8)
(Loss) income before income taxes and equity
earnings in affiliates ........................ (534.9) 127.4 70.2 (148.5) (485.8)
Income tax (benefit) expense (1) ................ (221.2) 68.0 (22.9) — (176.1)
Equity earnings in affiliates .................... 11.8 32.4 2.6 — 46.8
Net (loss) income ............................ (301.9) 91.8 95.7 (148.5) (262.9)
Less: Net income attributable to noncontrolling
interests .................................. — 0.1 38.9 — 39.0
Net (loss) income attributable to First Data
Corporation ............................... $(301.9) $ 91.7 $ 56.8 $(148.5) $ (301.9)
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