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Table of Contents
FIRST DATA CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Year ended December 31, 2008
FDC Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries
Consolidation
Adjustments Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss $ (3,764.3) $ (2,058.0) $ (104.3) $ 2,318.6 $ (3,608.0)
Adjustments to reconcile to net cash provided by operating activities:
Depreciation and amortization (including amortization netted against
equity earnings in affiliates and revenues) 33.6 1,171.6 354.4 — 1,559.6
Charges (gains) related to other operating expenses and other income
(expense) 21.1 2,692.3 553.6 — 3,267.0
Other non-cash and non-operating items, net 2,605.8 (239.7) (9.6) (2,318.6) 37.9
(Decrease) increase in cash resulting from changes in operating assets
and liabilities, excluding the effects of acquisitions and dispositions (679.9) 224.8 (214.9) — (670.0)
Net cash (used in) provided by operating activities (1,783.7) 1,791.0 579.2 — 586.5
CASH FLOWS FROM INVESTING ACTIVITIES
Current period acquisitions, net of cash acquired — (3.2) (185.5) — (188.7)
Payments related to other businesses previously acquired (17.2) (18.1) (0.3) — (35.6)
Proceeds from dispositions, net of expenses paid and cash disposed 5.1 191.7 18.3 — 215.1
Additions to property and equipment, net (4.4) (162.5) (117.0) — (283.9)
Payments to secure customer service contracts, including outlays for
conversion, and capitalized systems development costs (1.4) (111.1) (51.4) — (163.9)
Proceeds from the sale of marketable securities — 22.8 52.1 — 74.9
Other investing activities 138.6 12.5 0.9 (153.3) (1.3)
Net cash provided by (used in) investing activities 120.7 (67.9) (282.9) (153.3) (383.4)
CASH FLOWS FROM FINANCING ACTIVITIES
Short-term borrowings, net (42.0) — 0.1 — (41.9)
Proceeds from issuance of long-term debt 100.4 — — — 100.4
Principal payments on long-term debt (265.7) (30.9) (30.2) — (326.8)
Distributions and dividends paid to noncontrolling interests and redeemable
controlling interests — — (150.9) — (150.9)
Purchases of noncontrolling interests (17.6) (60.8) — — (78.4)
Capital contributed by Parent 126.8 — — — 126.8
Excess tax benefit from share-based payment arrangement 13.1 — — — 13.1
Cash dividends (1.8) — (153.3) 153.3 (1.8)
Intercompany 1,699.7 (1,674.7) (25.0) — —
Net cash provided by (used in) financing activities 1,612.9 (1,766.4) (359.3) 153.3 (359.5)
Effect of exchange rate changes on cash and cash equivalents — 21.5 (65.3) — (43.8)
Change in cash and cash equivalents (50.1) (21.8) (128.3) — (200.2)
Cash and cash equivalents at beginning of period 60.6 60.7 485.2 — 606.5
Cash and cash equivalents at end of period $ 10.5 $ 38.9 $ 356.9 $ — $ 406.3
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