First Data 2010 Annual Report Download - page 127
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Table of Contents
FIRST DATA CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
December 31, 2009
FDC Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries
Consolidation
Adjustments Consolidated
ASSETS
Current assets:
Cash and cash equivalents $ 104.6 $ 25.4 $ 607.0 — $ 737.0
Accounts receivable, net of allowance for doubtful accounts 17.1 1,106.3 1,332.1 — 2,455.5
Settlement assets (1) — 3,523.3 3,347.0 — 6,870.3
Other current assets 69.3 243.3 86.2 — 398.8
Total current assets 191.0 4,898.3 5,372.3 — 10,461.6
Property and equipment, net of accumulated depreciation 29.9 677.9 343.6 — 1,051.4
Goodwill — 9,570.0 7,905.8 — 17,475.8
Customer relationships, net of accumulated amortization — 3,398.4 2,610.4 — 6,008.8
Other intangibles, net of accumulated amortization 607.0 820.9 693.2 — 2,121.1
Investment in affiliates — 1,391.7 35.0 $ (135.4) 1,291.3
Long-term settlement assets (1) — — 480.7 — 480.7
Other long-term assets 563.9 226.5 54.3 — 844.7
Investment in consolidated subsidiaries 26,401.5 5,370.0 — (31,771.5) —
Total assets $ 27,793.3 $ 26,353.7 $ 17,495.3 $ (31,906.9) $ 39,735.4
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable $ 0.2 $ 95.4 $ 105.1 — $ 200.7
Short-term and current portion of long-term borrowings 142.2 36.9 125.8 — 304.9
Settlement obligations (1) — 3,523.3 3,871.4 — 7,394.7
Other current liabilities 384.8 691.0 479.1 — 1,554.9
Total current liabilities 527.2 4,346.6 4,581.4 — 9,455.2
Long-term borrowings 22,152.8 47.3 104.8 — 22,304.9
Long-term deferred tax (assets) liabilities (764.3) 2,101.7 9.0 — 1,346.4
Intercompany payable (receivable) 4,203.4 (3,550.8) (652.6) — —
Intercompany notes (1,044.2) 1,405.0 (360.8) — —
Other long-term liabilities 1,133.1 146.3 22.5 — 1,301.9
Total liabilities 26,208.0 4,496.1 3,704.3 — 34,408.4
Redeemable equity interests — — 362.3 $ (362.3) —
Redeemable noncontrolling interests — — — 226.9 226.9
First Data Corporation stockholder's equity 1,585.3 21,857.6 6,315.3 (28,172.9) 1,585.3
Noncontrolling interests — — 46.4 3,468.4 3,514.8
Equity of consolidated alliance — — 7,067.0 (7,067.0) —
Total equity 1,585.3 21,857.6 13,428.7 (31,771.5) 5,100.1
Total liabilities and equity $ 27,793.3 $ 26,353.7 $ 17,495.3 $ (31,906.9) $ 39,735.4
(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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