First Data 2011 Annual Report Download - page 128

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Year ended December 31, 2011
(in millions)
FDC Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries
Consolidation
Adjustments Consolidated
CASH FLOWS FROM OPERATING
ACTIVITIES
Net (loss) income $ (516.1) $ 530.4 $ 422.0 $ (772.4) $ (336.1)
Adjustments to reconcile to net cash provided
by operating activities:
Depreciation and amortization (including
amortization netted against equity
earnings in affiliates and revenues) 8.3 827.4 508.5 — 1,344.2
(Gains) charges related to other operating
expenses and other income (expense) (59.6) (45.3) 27.2 — (77.7)
Other non-cash and non-operating items,
net (546.0) (210.1) 11.4 772.4 27.7
(Decrease) increase in cash resulting from
changes in operating assets and
liabilities, excluding the effects of
acquisitions and dispositions (437.4)481.7 113.2 — 157.5
Net cash (used in) provided by operating
activities (1,550.8)1,584.1 1,082.3 — 1,115.6
CASH FLOWS FROM INVESTING
ACTIVITIES
Current year acquisitions, net of cash acquired — (19.1) (0.1) — (19.2)
Contributions to equity method investments — (161.5) — — (161.5)
Payments related to other businesses
previously acquired — — 3.2 — 3.2
Proceeds from dispositions, net of expenses
paid and cash disposed — — 1.7 — 1.7
Proceeds from sale of property and equipment — 14.3 2.8 — 17.1
Additions to property and equipment (4.6) (101.3) (97.0) — (202.9)
Payments to secure customer service
contracts, including outlays for conversion,
and capitalized systems development costs (1.0) (161.6) (39.3) — (201.9)
Distributions and dividends from subsidiaries 109.7 294.5 — (404.2) —
Other investing activities 1.5 6.9 (3.5)— 4.9
Net cash provided by (used in) investing
activities 105.6 (127.8)(132.2)(404.2)(558.6)
CASH FLOWS FROM FINANCING
ACTIVITIES
Short-term borrowings, net — — (107.3) — (107.3)
Debt modification and related financing costs (39.7) — — — (39.7)
Principal payments on long-term debt (32.9) (52.7) (18.9) — (104.5)
Proceeds from sale-leaseback transactions — 2.5 11.7 — 14.2
Distributions and dividends paid to
noncontrolling interests and redeemable
noncontrolling interests — — (44.2) (283.1) (327.3)
Contributions from noncontrolling interest — — 0.8 — 0.8
Distributions paid to equity holders — — (577.6) 577.6 —
Redemption of Parent's redeemable common
stock (0.5) — — — (0.5)
Cash dividends (0.2) — (109.7) 109.7 (0.2)
Intercompany 1,516.6 (1,375.9)(140.7)— —
Net cash provided by (used in) financing
activities 1,443.3 (1,426.1) (985.9) 404.2 (564.5)
Effect of exchange rate changes on cash and
cash equivalents — (14.2)(2.1)— (16.3)
Change in cash and cash equivalents (1.9)16.0 (37.9)— (23.8)
Cash and cash equivalents at beginning of period 164.1 21.1 324.3 — 509.5
Cash and cash equivalents at end of period $ 162.2 $ 37.1 $ 286.4 $ — $ 485.7
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