First Data 2009 Annual Report Download - page 97

FIRST DATA CORPORATION
CONSOLIDATED BALANCE SHEETS
Successor
December 31, 2009 2008
(in millions, except common stock share amounts)
ASSETS
Current assets:
Cash and cash equivalents .............................................. $ 737.0 $ 406.3
Accounts receivable, net of allowance for doubtful accounts of $14.9 (2009) and
$16.6 (2008) ...................................................... 2,455.5 2,637.2
Settlement assets ..................................................... 6,870.3 7,930.2
Other current assets ................................................... 398.8 419.8
Total current assets ............................................... 10,461.6 11,393.5
Property and equipment, net of accumulated depreciation of $463.7 (2009) and $261.1
(2008) ............................................................... 1,051.4 1,087.8
Goodwill ............................................................... 17,475.8 14,861.2
Customer relationships, net of accumulated amortization of $1,723.8 (2009) and $932.1
(2008) ............................................................... 6,008.8 5,987.6
Other intangibles, net of accumulated amortization of $698.3 (2009) and $373.1
(2008) ............................................................... 2,121.1 1,915.6
Investment in affiliates .................................................... 1,291.3 1,259.6
Long-term settlement assets ................................................ 480.7 732.7
Other long-term assets ..................................................... 844.7 938.1
Total assets ..................................................... $39,735.4 $38,176.1
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable .................................................... $ 200.7 $ 186.5
Short-term and current portion of long-term borrowings ...................... 304.9 497.3
Settlement obligations ................................................. 7,394.7 8,680.6
Other current liabilities ................................................ 1,554.9 1,413.6
Total current liabilities ............................................ 9,455.2 10,778.0
Long-term borrowings ..................................................... 22,304.9 22,075.2
Long-term deferred tax liabilities ............................................ 1,346.4 1,648.2
Other long-term liabilities .................................................. 1,301.9 1,272.4
Total liabilities .................................................. 34,408.4 35,773.8
Commitments and contingencies (See Note 12)
Redeemable noncontrolling interest .......................................... 226.9 —
First Data Corporation stockholder’s equity:
Common stock, $.01 par value; authorized and issued 1,000 shares (2009 and
2008) ............................................................ — —
Additional paid-in capital .............................................. 7,394.3 7,380.8
Paid-in capital ..................................................... 7,394.3 7,380.8
Accumulated loss .................................................... (5,127.3) (4,068.0)
Accumulated other comprehensive loss ................................... (681.7) (934.9)
Total First Data Corporation stockholder’s equity ....................... 1,585.3 2,377.9
Noncontrolling interests ................................................... 3,514.8 24.4
Total equity ..................................................... 5,100.1 2,402.3
Total liabilities and equity .......................................... $39,735.4 $38,176.1
See Notes to Consolidated Financial Statements.
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