First Data 2009 Annual Report Download - page 189

FIRST DATA CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Successor
Period from September 25, 2007 through December 31, 2007
(in millions)
FDC Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries
Consolidation
Adjustments Consolidated
Cash and cash equivalents at beginning of period ......... — — — — —
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) income .............................. $ (301.9) $ 91.8 $ 95.7 $(148.5) $ (262.9)
Adjustments to reconcile to net cash provided by
operating activities:
Depreciation and amortization (including
amortization netted against equity earnings in
affiliates and revenues) ................... 5.1 327.1 95.0 — 427.2
Charges (gains) related to other operating
expenses and other income (expense) ........ 72.6 (0.1) 1.3 — 73.8
Other non-cash and non-operating items, net .... (93.9) (85.9) (4.3) 148.5 (35.6)
(Decrease) increase in cash resulting from
changes in operating assets and liabilities,
excluding the effects of acquisitions and
dispositions ............................. (181.4) 168.4 (343.7) — (356.7)
Net cash (used in) provided by operating
activities ........................... (499.5) 501.3 (156.0) — (154.2)
CASH FLOWS FROM INVESTING ACTIVITIES
Merger with Kohlberg Kravis Roberts & Co, net of
cash acquired ............................... (26,016.8) 58.2 202.4 — (25,756.2)
Current period acquisitions, net of cash acquired ..... (11.4) — (51.4) — (62.8)
Payments related to other businesses previously
acquired ................................... — (0.5) — — (0.5)
Additions to property and equipment, net ........... 0.1 (31.0) (24.3) — (55.2)
Payments to secure customer service contracts,
including outlays for conversion and capitalized
systems development costs .................... (0.6) (49.7) (7.2) — (57.5)
Proceeds from the sale of marketable securities ...... — — 14.1 — 14.1
Other investing activities ........................ 24.2 0.3 84.2 — 108.7
Net cash (used in) provided by investing
activities ............................... (26,004.5) (22.7) 217.8 — (25,809.4)
CASH FLOWS FROM FINANCING ACTIVITIES
Short-term borrowings, net ...................... 60.0 — 178.5 — 238.5
Proceeds from issuance of long-term debt ........... 21,245.7 — — — 21,245.7
Principal payments on long-term debt .............. (2,019.0) (5.5) (8.8) — (2,033.3)
Proceeds from issuance of common stock ........... 7,224.4 — — — 7,224.4
Distributions and dividends paid to noncontrolling
interests ................................... — — (36.6) — (36.6)
Purchase of noncontrolling interests ............... (73.8) — — — (73.8)
Intercompany ................................. 127.3 (384.0) 256.7 — —
Net cash provided by (used in) financing
activities ............................... 26,564.6 (389.5) 389.8 — 26,564.9
Effect of exchange rate changes on cash and cash
equivalents ..................................... — (28.4) 33.6 — 5.2
Change in cash and cash equivalents ................... 60.6 60.7 485.2 — 606.5
Cash and cash equivalents at end of period .............. $ 60.6 $ 60.7 $ 485.2 $ — $ 606.5
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