First Data 2011 Annual Report Download - page 129

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Year ended December 31, 2010
(in millions)
FDC Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries
Consolidation
Adjustments Consolidated
CASH FLOWS FROM OPERATING
ACTIVITIES
Net (loss) income $ (1,021.8) $ 458.6 $ 218.2 $ (501.9) $ (846.9)
Adjustments to reconcile to net cash provided
by operating activities:
Depreciation and amortization (including
amortization netted against equity
earnings in affiliates and revenues) 7.6 1,036.9 481.5 — 1,526.0
Charges related to other operating expenses
and other income (expense) 9.9 20.0 41.5 26.0 97.4
Other non-cash and non-operating items,
net (11.6) (207.4) 8.8 475.8 265.6
(Decrease) increase in cash resulting from
changes in operating assets and
liabilities, excluding the effects of
acquisitions and dispositions (608.4)107.0 216.9 (2.9)(287.4)
Net cash (used in) provided by operating
activities (1,624.3)1,415.1 966.9 (3.0)754.7
CASH FLOWS FROM INVESTING
ACTIVITIES
Current year acquisitions, net of cash acquired — (1.7) (0.1) — (1.8)
Contributions to equity method investments — (1.4) — — (1.4)
Payments related to other businesses
previously acquired — — (1.4) — (1.4)
Proceeds from dispositions, net of expenses
paid and cash disposed — — 21.2 — 21.2
Proceeds from sale of property and equipment — 1.4 4.1 — 5.5
Additions to property and equipment (4.2) (113.0) (92.9) — (210.1)
Payments to secure customer service
contracts, including outlays for conversion,
and capitalized systems development costs (1.7) (116.9) (41.0) — (159.6)
Distributions and dividends from subsidiaries 225.8 187.9 — (413.7) —
Other investing activities 3.8 135.1 14.0 (134.5)18.4
Net cash provided by (used in) investing
activities 223.7 91.4 (96.1)(548.2)(329.2)
CASH FLOWS FROM FINANCING
ACTIVITIES
Short-term borrowings, net — — 75.1 — 75.1
Debt modification and related financing costs (61.2) — — — (61.2)
Principal payments on long-term debt (143.8) (57.0) (19.6) — (220.4)
Distributions and dividends paid to
noncontrolling interests and redeemable
noncontrolling interests — — (31.0) (185.1) (216.1)
Purchase of noncontrolling interest — — — (213.3) (213.3)
Distributions paid to redeemable equity
holders — — (7.5) 7.5 —
Distributions paid to equity holders — — (368.5) 368.5 —
Redemption of Parent's redeemable common
stock (2.5) — — — (2.5)
Redemption of redeemable equity of
consolidated alliance — — (347.8) 347.8 —
Cash dividends (14.9) — (225.8) 225.8 (14.9)
Intercompany 1,682.5 (1,454.7)(227.8)— —
Net cash provided by (used in) financing
activities 1,460.1 (1,511.7) (1,152.9) 551.2 (653.3)
Effect of exchange rate changes on cash and
cash equivalents — 0.9 (0.6)— 0.3
Change in cash and cash equivalents 59.5 (4.3)(282.7)— (227.5)
Cash and cash equivalents at beginning of period 104.6 25.4 607.0 — 737.0
Cash and cash equivalents at end of period $ 164.1 $ 21.1 $ 324.3 $ — $ 509.5
127