First Data 2011 Annual Report Download - page 64

FIRST DATA CORPORATION
CONSOLIDATED BALANCE SHEETS
As of December 31,
(in millions, except common stock share amounts) 2011 2010
ASSETS
Current assets:
Cash and cash equivalents $ 485.7 $ 509.5
Accounts receivable, net of allowance for doubtful accounts of $18.1 (2011) and $20.3
(2010) 1,848.6 2,169.6
Settlement assets 10,658.3 6,694.0
Other current assets 322.9 413.4
Total current assets 13,315.5 9,786.5
Property and equipment, net of accumulated depreciation of $842.9 (2011) and $691.6 (2010) 935.9 952.0
Goodwill 17,204.6 17,296.9
Customer relationships, net of accumulated amortization of $3,212.7 (2011) and $2,490.5
(2010) 4,425.4 5,223.7
Other intangibles, net of accumulated amortization of $1,282.2 (2011) and $975.8 (2010) 1,879.2 1,931.0
Investment in affiliates 1,490.6 1,208.2
Long-term settlement assets 181.0 365.1
Other long-term assets 844.1 780.7
Total assets $ 40,276.3 $ 37,544.1
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable $ 205.9 $ 180.9
Short-term and current portion of long-term borrowings 133.4 270.5
Settlement obligations 10,837.8 7,058.9
Other current liabilities 1,643.1 1,353.7
Total current liabilities 12,820.2 8,864.0
Long-term borrowings 22,521.7 22,438.8
Long-term deferred tax liabilities 695.4 1,013.7
Other long-term liabilities 763.6 1,139.6
Total liabilities 36,800.9 33,456.1
Commitments and contingencies (See Note 11)
Redeemable noncontrolling interest 67.4 28.1
First Data Corporation stockholder's equity:
Common stock, $.01 par value; authorized and issued 1,000 shares (2011 and 2010) — —
Additional paid-in capital 7,375.2 7,395.1
Paid-in capital 7,375.2 7,395.1
Accumulated loss (6,680.2) (6,163.9)
Accumulated other comprehensive loss (598.4)(636.9)
Total First Data Corporation stockholder's equity 96.6 594.3
Noncontrolling interests 3,311.4 3,465.6
Total equity 3,408.0 4,059.9
Total liabilities and equity $ 40,276.3 $ 37,544.1
See Notes to Consolidated Financial Statements.
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