First Data 2009 Annual Report Download - page 186

FIRST DATA CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(in millions)
Successor
December 31, 2008
FDC Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries
Consolidation
Adjustments Consolidated
ASSETS
Current assets:
Cash and cash equivalents ............ $ 10.5 $ 38.9 $ 356.9 — $ 406.3
Accounts receivable, net of allowance for
doubtful accounts ................. 14.3 1,799.5 823.4 — 2,637.2
Settlement assets (1) ................. — 4,138.3 3,791.9 — 7,930.2
Other current assets ................. 73.3 259.1 87.4 — 419.8
Total current assets .............. 98.1 6,235.8 5,059.6 — 11,393.5
Property and equipment, net of accumulated
depreciation ......................... 26.0 731.2 330.6 — 1,087.8
Goodwill .............................. — 11,548.5 3,312.7 — 14,861.2
Customer relationships, net of accumulated
amortization ......................... — 4,822.7 1,164.9 — 5,987.6
Other intangibles, net of accumulated
amortization ......................... 605.9 887.6 422.1 — 1,915.6
Investment in affiliates ................... — 1,190.0 69.6 — 1,259.6
Long-term settlement assets (1) ............ — — 732.7 — 732.7
Other long-term assets ................... 656.3 233.3 48.5 — 938.1
Investment in consolidated subsidiaries ...... 27,946.7 1,691.8 — $(29,638.5) —
Total assets .................... $29,333.0 $27,340.9 $11,140.7 $(29,638.5) $38,176.1
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable ................... $ — $ 83.3 $ 103.2 — $ 186.5
Short-term and current portion of long-
term borrowings .................. 157.4 31.7 308.2 — 497.3
Settlement obligations (1) ............ — 4,138.3 4,542.3 — 8,680.6
Other current liabilities ............... 371.7 737.8 304.1 — 1,413.6
Total current liabilities ........... 529.1 4,991.1 5,257.8 — 10,778.0
Long-term borrowings ................... 21,934.4 43.8 97.0 — 22,075.2
Long-term deferred tax (assets) liabilities .... (626.3) 2,181.0 93.5 — 1,648.2
Intercompany payable (receivable) ......... 2,347.6 (1,760.1) (587.5) — —
Intercompany notes ..................... 1,613.5 (1,201.1) (412.4) — —
Other long-term liabilities ................ 1,156.8 96.0 19.6 — 1,272.4
Total liabilities ................. 26,955.1 4,350.7 4,468.0 — 35,773.8
First Data Corporation stockholder’s equity . . 2,377.9 22,990.2 6,648.3 $(29,638.5) 2,377.9
Noncontrolling interests .................. — — 24.4 — 24.4
Total equity ................... 2,377.9 22,990.2 6,672.7 (29,638.5) 2,402.3
Total liabilities and equity ........ $29,333.0 $27,340.9 $11,140.7 $(29,638.5) $38,176.1
(1) The majority of the Guarantor settlement assets relate to FDC’s merchant acquiring business. FDC believes
the settlement assets are not available to satisfy any claims other than those related to the settlement
liabilities.
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