First Data 2010 Annual Report Download - page 66
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Table of Contents
FIRST DATA CORPORATION
CONSOLIDATED BALANCE SHEETS
December 31,
(in millions, except common stock share amounts) 2010 2009
ASSETS
Current assets:
Cash and cash equivalents $ 509.5 $ 737.0
Accounts receivable, net of allowance for doubtful accounts of $20.3 (2010) and $14.9 (2009) 2,169.6 2,455.5
Settlement assets 6,694.0 6,870.3
Other current assets 413.4 398.8
Total current assets 9,786.5 10,461.6
Property and equipment, net of accumulated depreciation of $691.6 (2010) and $463.7 (2009) 952.0 1,051.4
Goodwill 17,296.9 17,475.8
Customer relationships, net of accumulated amortization of $2,490.5 (2010) and $1,723.8 (2009) 5,223.7 6,008.8
Other intangibles, net of accumulated amortization of $975.8 (2010) and $698.3 (2009) 1,931.0 2,121.1
Investment in affiliates 1,208.2 1,291.3
Long-term settlement assets 365.1 480.7
Other long-term assets 780.7 844.7
Total assets $ 37,544.1 $ 39,735.4
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable $ 180.9 $ 200.7
Short-term and current portion of long-term borrowings 270.5 304.9
Settlement obligations 7,058.9 7,394.7
Other current liabilities 1,353.7 1,554.9
Total current liabilities 8,864.0 9,455.2
Long-term borrowings 22,438.8 22,304.9
Long-term deferred tax liabilities 1,013.7 1,346.4
Other long-term liabilities 1,139.6 1,301.9
Total liabilities 33,456.1 34,408.4
Commitments and contingencies (See Note 11)
Redeemable noncontrolling interest 28.1 226.9
First Data Corporation stockholder's equity:
Common stock, $.01 par value; authorized and issued 1,000 shares (2010 and 2009) — —
Additional paid-in capital 7,395.1 7,394.3
Paid-in capital 7,395.1 7,394.3
Accumulated loss (6,163.9) (5,127.3)
Accumulated other comprehensive loss (636.9) (681.7)
Total First Data Corporation stockholder's equity 594.3 1,585.3
Noncontrolling interests 3,465.6 3,514.8
Total equity 4,059.9 5,100.1
Total liabilities and equity $ 37,544.1 $ 39,735.4
See Notes to Consolidated Financial Statements.
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