First Data 2011 Annual Report Download - page 63

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FIRST DATA CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
Year ended December 31,
(in millions) 2011 2010 2009
Revenues:
Transaction and processing service fees:
Merchant related services (a) $ 3,692.8 $ 3,521.3 $ 3,047.0
Check services 338.2 378.8 364.1
Card services 1,750.6 1,735.8 1,841.6
Other services 548.4 545.6 536.2
Product sales and other (a) 852.1 809.3 796.7
Reimbursable debit network fees, postage and other 3,531.5 3,389.6 2,728.2
10,713.6 10,380.4 9,313.8
Expenses:
Cost of services (exclusive of items shown below) 2,888.4 3,023.3 2,945.1
Cost of products sold 369.6 375.2 305.5
Selling, general and administrative 1,693.7 1,579.7 1,438.2
Reimbursable debit network fees, postage and other 3,531.5 3,389.6 2,728.2
Depreciation and amortization 1,245.0 1,414.4 1,452.3
Other operating expenses:
Restructuring, net 46.4 72.0 92.8
Impairments — 11.5 185.1
Litigation and regulatory settlements (2.5)(2.0)11.8
9,772.1 9,863.7 9,159.0
Operating profit 941.5 516.7 154.8
Interest income 7.9 7.8 11.7
Interest expense (1,833.1) (1,796.6) (1,796.4)
Other income (expense) 124.1 (15.9)(61.3)
(1,701.1)(1,804.7)(1,846.0)
Loss before income taxes and equity earnings in affiliates (759.6) (1,288.0) (1,691.2)
Income tax benefit (270.1) (323.8) (578.8)
Equity earnings in affiliates 153.4 117.3 97.8
Net loss (336.1) (846.9) (1,014.6)
Less: Net income attributable to noncontrolling interests 180.0 174.9 71.8
Net loss attributable to First Data Corporation $ (516.1)$ (1,021.8)$ (1,086.4)
(a) Includes processing fees, administrative service fees and other fees charged to merchant alliances accounted for under the
equity method of $146.0 million, $134.6 million and $107.7 million for the years ended December 31, 2011, 2010 and 2009,
respectively.
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