First Data 2011 Annual Report Download - page 65

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FIRST DATA CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS
Year ended December 31,
(in millions) 2011 2010 2009
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss $ (336.1) $ (846.9) $ (1,014.6)
Adjustments to reconcile to net cash provided by operating activities:
Depreciation and amortization (including amortization netted against
equity earnings in affiliates and revenues) 1,344.2 1,526.0 1,553.8
Charges related to other operating expenses and other income (expense) (77.7) 97.4 350.5
Other non-cash and non-operating items, net 27.7 265.6 306.2
Increase (decrease) in cash, excluding the effects of acquisitions and
dispositions, resulting from changes in:
Accounts receivable, current and long-term 256.7 224.7 288.8
Other assets, current and long-term 239.3 298.3 215.6
Accounts payable and other liabilities, current and long-term (1.2) (386.1) (42.8)
Income tax accounts (337.3)(424.3)(657.9)
Net cash provided by operating activities 1,115.6 754.7 999.6
CASH FLOWS FROM INVESTING ACTIVITIES
Current year acquisitions, net of cash acquired (19.2) (1.8) (84.8)
Contributions to equity method investments (161.5) (1.4) (29.7)
Payments related to other businesses previously acquired 3.2 (1.4) (14.7)
Proceeds from dispositions, net of expenses paid and cash disposed 1.7 21.2 88.1
Proceeds from sale of property and equipment 17.1 5.5 7.6
Additions to property and equipment (202.9) (210.1) (199.1)
Payments to secure customer service contracts, including outlays for
conversion, and capitalized systems development costs (201.9) (159.6) (180.0)
Other investing activities 4.9 18.4 (16.8)
Net cash used in investing activities (558.6)(329.2)(429.4)
CASH FLOWS FROM FINANCING ACTIVITIES
Short-term borrowings, net (107.3) 75.1 (206.1)
Debt modification and related financing costs (39.7) (61.2) —
Principal payments on long-term debt (104.5) (220.4) (243.1)
Proceeds from sale-leaseback transactions 14.2 — 21.8
Distributions and dividends paid to noncontrolling interests and
redeemable noncontrolling interests (327.3) (216.1) (10.0)
Contributions from noncontrolling interests 0.8 — 193.0
Purchase of noncontrolling interests — (213.3) —
Redemption of Parent's redeemable common stock (0.5) (2.5) —
Cash dividends (0.2)(14.9)—
Net cash used in financing activities (564.5)(653.3)(244.4)
Effect of exchange rate changes on cash and cash equivalents (16.3)0.3 4.9
Change in cash and cash equivalents (23.8)(227.5)330.7
Cash and cash equivalents at beginning of period 509.5 737.0 406.3
Cash and cash equivalents at end of period $ 485.7 $ 509.5 $ 737.0
See Notes to Consolidated Financial Statements.
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