First Data 2011 Annual Report Download - page 124

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Year ended December 31, 2010
(in millions)
FDC Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries
Consolidation
Adjustments Consolidated
Revenues:
Transaction and processing service fees $ — $ 4,001.7 $ 2,328.3 $ (148.5) $ 6,181.5
Product sales and other — 542.6 319.3 (52.6) 809.3
Reimbursable debit network fees, postage
and other — 2,299.8 1,160.3 (70.5)3,389.6
— 6,844.1 3,807.9 (271.6)10,380.4
Expenses:
Cost of services (exclusive of items shown
below) — 1,944.3 1,227.5 (148.5) 3,023.3
Cost of products sold — 257.8 170.0 (52.6) 375.2
Selling, general and administrative 264.7 877.2 437.8 — 1,579.7
Reimbursable debit network fees, postage
and other — 2,299.8 1,160.3 (70.5) 3,389.6
Depreciation and amortization 7.6 937.9 468.9 — 1,414.4
Other operating expenses:
Restructuring, net 12.7 46.0 13.3 — 72.0
Impairments — 7.8 3.7 — 11.5
Litigation and regulatory settlements — (2.0)— — (2.0)
285.0 6,368.8 3,481.5 (271.6)9,863.7
Operating (loss) profit (285.0)475.3 326.4 — 516.7
Interest income 1.0 1.1 5.7 — 7.8
Interest expense (1,775.2) (6.4) (15.0) — (1,796.6)
Interest income (expense) from intercompany
notes 112.3 (146.4) 34.1 — —
Other income (expense) 2.8 31.8 (24.5) (26.0) (15.9)
Equity earnings from consolidated subsidiaries 323.8 150.2 — (474.0)—
(1,335.3)30.3 0.3 (500.0)(1,804.7)
(Loss) income before income taxes and equity
earnings in affiliates (1,620.3) 505.6 326.7 (500.0) (1,288.0)
Income tax (benefit) expense (598.5) 164.7 110.0 — (323.8)
Equity earnings in affiliates — 117.7 1.5 (1.9)117.3
Net (loss) income (1,021.8) 458.6 218.2 (501.9) (846.9)
Less: Net (loss) income attributable to
noncontrolling interests — (0.2)49.3 125.8 174.9
Net (loss) income attributable to First Data
Corporation $ (1,021.8)$ 458.8 $ 168.9 $ (627.7)$ (1,021.8)
122