First Data 2011 Annual Report Download - page 127
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As of December 31, 2010
(in millions)
FDC Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries
Consolidation
Adjustments Consolidated
ASSETS
Current assets:
Cash and cash equivalents $ 164.1 $ 21.1 $ 324.3 $ — $ 509.5
Accounts receivable, net of allowance for
doubtful accounts 2.6 1,121.1 1,045.9 — 2,169.6
Settlement assets (a) — 3,476.2 3,217.8 — 6,694.0
Other current assets 86.0 262.4 65.0 — 413.4
Total current assets 252.7 4,880.8 4,653.0 — 9,786.5
Property and equipment, net of accumulated
depreciation 30.3 637.2 284.5 — 952.0
Goodwill — 9,468.3 7,828.6 — 17,296.9
Customer relationships, net of accumulated
amortization — 2,923.8 2,299.9 — 5,223.7
Other intangibles, net of accumulated
amortization 606.9 665.4 658.7 — 1,931.0
Investment in affiliates — 1,169.9 38.3 — 1,208.2
Long-term settlement assets — — 365.1 — 365.1
Other long-term assets 482.4 265.5 32.8 — 780.7
Investment in consolidated subsidiaries 25,074.4 5,361.4 — (30,435.8)—
Total assets $ 26,446.7 $ 25,372.3 $ 16,160.9 $ (30,435.8) $ 37,544.1
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable $ 0.4 $ 95.2 $ 85.3 $ — $ 180.9
Short-term and current portion of long-term
borrowings 31.7 44.9 193.9 — 270.5
Settlement obligations (a) — 3,476.2 3,582.7 — 7,058.9
Other current liabilities 301.1 651.3 401.3 — 1,353.7
Total current liabilities 333.2 4,267.6 4,263.2 — 8,864.0
Long-term borrowings 22,376.0 21.8 41.0 — 22,438.8
Long-term deferred tax (assets) liabilities (928.5) 1,838.6 103.6 — 1,013.7
Intercompany payable (receivable) 4,298.1 (3,496.7) (801.4) — —
Intercompany notes (1,253.2) 1,621.1 (367.9) — —
Other long-term liabilities 1,026.8 89.7 23.1 — 1,139.6
Total liabilities 25,852.4 4,342.1 3,261.6 — 33,456.1
Redeemable equity interests — — 28.1 (28.1) —
Redeemable noncontrolling interests — — — 28.1 28.1
First Data Corporation stockholder's equity 594.3 21,030.4 5,864.5 (26,894.9) 594.3
Noncontrolling interests — (0.2) 52.5 3,413.3 3,465.6
Equity of consolidated alliance — — 6,954.2 (6,954.2)—
Total equity 594.3 21,030.2 12,871.2 (30,435.8)4,059.9
Total liabilities and equity $ 26,446.7 $ 25,372.3 $ 16,160.9 $ (30,435.8)$ 37,544.1
(a) 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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