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Table of Contents
FIRST DATA CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
A reconciliation of reportable segment amounts to the Company's consolidated balances is as follows (in millions):
Year ended December 31,
2010 2009 2008
Revenues:
Total reported segments $ 6,344.6 $ 6,077.7 $ 6,490.7
All Other and Corporate 150.7 250.4 379.4
Adjustments to reconcile to Adjusted revenue:
Official check and money order revenues (b) 8.0 (0.8) (43.1)
Eliminations of intersegment revenues (62.4) (58.1) (62.6)
Adjusted revenue 6,440.9 6,269.2 6,764.4
Adjustments to reconcile to Consolidated revenues:
Divested businesses — 75.2 178.0
Adjustments for non-wholly owned entities (c) 224.1 (12.3) (375.8)
Official check and money order revenues (8.0) 0.8 43.1
ISO commission expense 333.8 252.7 100.9
Reimbursable debit network fees, postage and other 3,389.6 2,728.2 2,100.7
Consolidated revenues $ 10,380.4 $ 9,313.8 $ 8,811.3
Segment EBITDA:
Total reported segments $ 2,205.1 $ 2,237.5 $ 2,594.2
All Other and Corporate (178.1) (122.7) (39.2)
Adjusted EBITDA 2,027.0 2,114.8 2,555.0
Adjustments to reconcile to "Net loss attributable to First Data Corporation":
Divested businesses 1.1 43.7 88.3
Adjustments for non-wholly owned entities (c) 34.3 (21.3) (237.8)
Depreciation and amortization (1,414.4) (1,452.3) (1,369.7)
Interest expense (1,796.6) (1,796.4) (1,964.9)
Interest income 7.8 11.7 26.0
Other items (d) (97.4) (351.0) (3,270.0)
Income tax benefit 323.8 578.8 699.2
Stock based compensation (16.1) (19.2) (16.6)
Official check and money order EBITDA (21.2) (19.9) 5.7
Cost of data center, technology and savings initiatives (33.5) (147.9) (229.2)
KKR merger related items (28.5) (26.5) (46.3)
Debt issuance costs (8.1) (0.7) (4.0)
Eliminations — (0.2) —
Net loss attributable to First Data Corporation $ (1,021.8) $ (1,086.4) $ (3,764.3)
(a) Excludes equity losses that were recorded in expense and the amortization related to the excess of the investment balance over the Company's
proportionate share of the investee's net book value for the International segment and All Other and Corporate.
(b) Represents an adjustment to exclude the official check and money order businesses from Adjusted revenue.
(c) Represent the net adjustment to reflect First Data's proportionate share of alliance revenue and EBITDA within the Retail and Alliance Services
segment and amortization related to equity method investments not included in segment EBITDA.
(d) Includes "Other operating expenses" and "Other income (expense)" as presented on the Consolidated Statements of Operations.
Segment assets are as follows (in millions):
As of December 31, 2010 2009
Assets:
Retail and Alliance Services $ 24,673.8 $ 25,377.3
Financial Services 4,982.2 5,238.8
International 5,186.7 5,841.5
All Other and Corporate 2,701.4 3,277.8
Consolidated $ 37,544.1 $ 39,735.4
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