First Data 2012 Annual Report Download - page 107

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FIRST DATA CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
A reconciliation of reportable segment amounts to the Company’s consolidated balances is as follows:
(a) Excludes equity losses that were recorded in expense and the amortization related to the excess of the investment balance over
the Company’s proportionate share of the investee’s net book value for the International segment.
(b) Represents an adjustment to exclude the official check and money order businesses from revenue and EBITDA due to the
Company’s wind down of these businesses.
(c) Net adjustment to reflect First Data’s proportionate share of alliance revenue and EBITDA within the Retail and Alliance
Services segment, equity earnings in affiliates included in International segment revenue and amortization related to equity
method investments not included in segment EBITDA.
(d) Includes restructuring, litigation and regulatory settlements and impairments as applicable to the periods presented and “Other
income (expense)” as presented in the Consolidated Statement of Operations.
107
Year ended December 31,
(in millions) 2012 2011 2010
Segment Revenues:
Total reported segments $ 6,711.3 $ 6,522.8 $ 6,344.6
All Other and Corporate 125.0 141.2 150.7
Adjustments to reconcile to Adjusted revenue:
Official check and money order revenues (b) (12.7)(9.9)8.0
Eliminations of intersegment revenues (61.6)(65.1)(62.4)
Adjusted revenue 6,762.0 6,589.0 6,440.9
Adjustments to reconcile to Consolidated revenues:
Adjustments for non-wholly-owned entities (c) 73.2 179.7 224.1
Official check and money order revenues 12.7 9.9 (8.0)
ISO commission expense 470.9 403.5 333.8
Reimbursable debit network fees, postage and other 3,361.5 3,531.5 3,389.6
Consolidated revenues
$10,680.3
$10,713.6
$10,380.4
Segment EBITDA:
Total reported segments $2,681.7 $2,455.3 $2,205.1
All Other and Corporate (246.0)(206.8)(178.1)
Adjusted EBITDA 2,435.7 2,248.5 2,027.0
Adjustments to reconcile to Net loss attributable to First Data Corporation:
Divested businesses
—
—
1.1
Adjustments for non-wholly-owned entities (c) 6.8 59.5 34.3
Depreciation and amortization (1,191.6)(1,245.0)(1,414.4)
Interest expense (1,897.8) (1,833.1) (1,796.6)
Interest income 8.8 7.9 7.8
Other items (d) (156.9) 62.4 (97.4)
Income tax benefi
t
224.0 270.1 323.8
Stock based compensation (11.8) (16.9) (16.1)
Official check and money order EBITDA (b) 6.4 (0.5)(21.2)
Costs of alliance conversions (77.2) (28.4) (25.7)
Stock plan modification expenses
—
—
(7.8)
KKR related items (33.6) (37.4) (28.5)
Debt issuance costs (13.7)(3.2)(8.1)
Net loss attributable to First Data Corporation
$ (700.9) $ (516.1) $ (1,021.8)