First Data 2011 Annual Report Download - page 125

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Year ended December 31, 2009
(in millions)
FDC Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries
Consolidation
Adjustments Consolidated
Revenues:
Transaction and processing service fees $ — $ 4,111.5 $ 1,741.2 $ (63.8) $ 5,788.9
Product sales and other — 521.0 304.1 (28.4) 796.7
Reimbursable debit network fees, postage
and other — 2,233.5 527.7 (33.0)2,728.2
— 6,866.0 2,573.0 (125.2)9,313.8
Expenses:
Cost of services (exclusive of items shown
below) — 2,138.3 870.6 (63.8) 2,945.1
Cost of products sold — 229.9 104.0 (28.4) 305.5
Selling, general and administrative 218.9 827.0 392.3 — 1,438.2
Reimbursable debit network fees, postage
and other — 2,233.5 527.7 (33.0) 2,728.2
Depreciation and amortization 6.0 1,063.5 382.8 — 1,452.3
Other operating expenses:
Restructuring, net 3.0 59.0 30.8 — 92.8
Impairments — 100.2 84.9 — 185.1
Litigation and regulatory settlements (2.7)14.5 — — 11.8
225.2 6,665.9 2,393.1 (125.2)9,159.0
Operating (loss) profit (225.2)200.1 179.9 — 154.8
Interest income 3.5 0.7 7.5 — 11.7
Interest expense (1,770.7) (7.5) (18.2) — (1,796.4)
Interest (expense) income from intercompany
notes (97.3) 58.7 38.6 — —
Other (expense) income (88.6) (0.2) 27.5 — (61.3)
Equity earnings from consolidated subsidiaries 322.5 28.4 — (350.9)—
(1,630.6)80.1 55.4 (350.9)(1,846.0)
(Loss) income before income taxes and equity
earnings in affiliates (1,855.8) 280.2 235.3 (350.9) (1,691.2)
Income tax (benefit) expense (769.4) 217.5 (26.9) — (578.8)
Equity earnings in affiliates — 101.5 (1.2)(2.5)97.8
Net (loss) income (1,086.4) 164.2 261.0 (353.4) (1,014.6)
Less: Net (loss) income attributable to
noncontrolling interests — (0.1)10.9 61.0 71.8
Net (loss) income attributable to First Data
Corporation $ (1,086.4)$ 164.3 $ 250.1 $ (414.4)$ (1,086.4)
123