First Data 2011 Annual Report Download - page 23

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PART II
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER
PURCHASES OF EQUITY SECURITIES
There is no established public trading market for the Company's common stock. The Company had one record holder of
common stock on March 1, 2012, and no equity securities of the Company are authorized for issuance under any equity compensation
plan.
In 2011, the Company paid one dividend in the amount of $0.2 million. In 2010, the Company paid five dividends that totaled
$14.9 million. The senior secured revolving credit facility, senior secured term loan facility, and the indentures for the senior secured
notes, senior second lien notes, PIK toggle senior second lien notes, senior PIK notes and senior subordinated notes limit the
Company's ability to pay dividends. See "Management's Discussion and Analysis of Financial Condition and Results of Operations-
Liquidity and Capital Resources" and Note 12 to the accompanying financial statements included in Item 8 of this Form 10-K.
ITEM 6. SELECTED FINANCIAL DATA
The following data should be read in conjunction with the Consolidated Financial Statements and related notes thereto and
Management's Discussion and Analysis of Financial Condition and Results of Operations included elsewhere in this annual report.
The Notes to the Consolidated Financial Statements contain additional information about various acquisitions, dispositions, and
certain charges and benefits resulting from other operating expenses, and other income (expense) which affect the comparability of
information presented. Certain prior years' amounts have been reclassified to conform to the current year presentation.
On September 24, 2007, the Company was acquired through a merger transaction (the "merger") with an entity controlled by
affiliates of Kohlberg Kravis Roberts & Co. The merger resulted in the equity of First Data Corporation becoming privately held. As a
result of the merger, amounts below are presented for two periods: predecessor and successor, which primarily relate to the periods
preceding the merger and the periods succeeding the merger, respectively.
Amounts below include acquisitions since the date acquired.
In 2008, the Company changed to a classified balance sheet presentation. Balance sheet data for 2007 has been adjusted to
conform to this presentation.
Successor Predecessor
Year ended December 31,
Period from
September 25,
2007 through
December 31,
Period from
January 1,
2007 through
September 24,
(in millions) 2011 2010 2009 2008 2007 2007
Statement of operations data:
Revenues $ 10,713.6 $ 10,380.4 $ 9,313.8 $ 8,811.3 $ 2,278.5 $ 5,772.9
Operating expenses (a) 9,728.2 9,782.2 8,869.3 8,032.6 2,123.7 5,209.2
Other operating expenses (b)(c) 43.9 81.5 289.7 3,255.6 (0.2) 23.3
Interest expense (1,833.1) (1,796.6) (1,796.4) (1,964.9) (584.7) (103.6)
Net (loss) income from continuing
operations (c) (336.1) (846.9) (1,014.6) (3,608.0) (262.9) 569.7
Net (loss) income attributable to
First Data Corporation (516.1) (1,021.8) (1,086.4) (3,764.3) (301.9) 460.8
Depreciation and amortization (d) 1,344.2 1,526.0 1,553.8 1,559.6 427.2 540.2
Balance sheet data (at year-end):
Total assets $ 40,276.3 $ 37,544.1 $ 39,735.4 $ 38,176.1 $ 52,509.3
Total current and long-term
settlement assets 10,839.3 7,059.1 7,351.0 8,662.9 18,228.4
Total liabilities 36,800.9 33,456.1 34,408.4 35,773.8 45,609.2
Settlement obligations 10,837.8 7,058.9 7,394.7 8,680.6 18,228.4
Long-term borrowings 22,521.7 22,438.8 22,304.9 22,075.2 21,953.5
Other long-term liabilities (e) 1,459.0 2,153.3 2,648.3 2,920.6 3,306.2
Redeemable noncontrolling
interests 67.4 28.1 226.9
Total equity 3,408.0 4,059.9 5,100.1 2,402.3 6,900.1
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