First Data 2012 Annual Report Download - page 117

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FIRST DATA CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
CONSOLIDATED BALANCE SHEETS
117
Year ended December 31, 2011
FDC Parent Compan
y
Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidation Ad
j
ustments
(in millions) As previousl
y
reported As corrected
As previousl
y
reported As corrected
As previousl
y
reported As corrected As previousl
y
reported As corrected
Cost of services $
—
$
—
$ 1,909.8 $ 1,896.4 $ 1,141.6 $ 1,155.0 $ (163.0) $ (163.0)
Sellin
g
,
g
eneral and administrative 259.7 107.8 957.8 1,095.4 476.2 490.5
—
—
Operating (loss) profi
t
(264.9) (113.0) 698.8 574.6 507.6 479.9
—
—
Interest income (expense) from
intercompan
y
notes 162.5 306.7 (176.6) (311.9) 14.1 5.2
—
—
Equity earnings from consolidated
subsidiaries 637.9 452.2 134.5 133.9
—
—
(772.4) (586.1)
(Loss) income before income taxes and
equit
y
earnin
g
s in affiliates (1,218.1) (1,107.7) 718.1 458.0 512.8 476.2 (772.4) (586.1)
Income tax (benefit) expense (702.0) (591.6) 341.3 243.4 90.6 78.1
—
—
N
et (loss) income (516.1) (516.1) 530.4 368.2 422.0 397.9 (772.4) (586.1)
N
et (loss) income attributable to First
Data Corporation (516.1) (516.1) 530.1 368.2 362.7 338.3 (892.8) (706.5)
Year ended December 31, 2010
FDC Parent Compan
y
Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidation Ad
j
ustments
(in millions) As previousl
y
reported As corrected
As previousl
y
reported As corrected
As previousl
y
reported As corrected As previousl
y
reported As corrected
Cost of Services $
—
$
—
$ 1,944.3 $ 1,949.6 $ 1,227.5 $ 1,222.2 $ (148.5) $ (148.5)
Operatin
g
(loss) profi
t
(285.0) (285.0) 475.3 470.0 326.4 331.7
—
—
Interest income (expense) from
intercompan
y
notes 112.3 230.3 (146.4) (249.7) 34.1 19.4
—
—
Equity earnings from consolidated
subsidiaries 323.8 249.8 150.2 150.2
—
—
(474.0) (400.0)
(Loss) income before income taxes and
equit
y
earnin
g
s in affiliates (1,620.3) (1,576.3) 505.6 397.0 326.7 317.3 (500.0) (426.0)
Income tax (benefit) expense (598.5) (554.5) 164.7 124.3 110.0 106.4
—
—
N
et (loss) income (1,021.8) (1,021.8) 458.6 390.4 218.2 212.4 (501.9) (427.9)
N
et (loss) income attributable to First
Data Corporation (1,021.8) (1,021.8) 458.8 390.4 168.9 163.3 (627.7) (553.7)
As of December 31, 2011
FDC Parent Compan
y
Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidation Ad
j
ustments
(in millions) As previousl
y
reported As corrected
As previousl
y
reported As corrected
As previousl
y
reported As corrected As previousl
y
reported As corrected
ASSETS
Current intercompan
y
notes receivable $
—
$ 12.2 $
—
$
—
$
—
$ 86.1 $
—
$(98.3)
Total current assets 233.2 245.4 7,281.7 7,281.7 5,800.6 5,886.7
—
(98.3)
Goodwill
—
—
9,510.5 9,430.9 7,694.1 7,773.7
—
—
Long-term intercompany receivables
—
—
—
4,330.2
—
962.7
—
(5,292.9)
Long-term intercompany notes
receivable
—
3,229.4
—
251.5
—
59.0
—
(3,539.9)
Investment in consolidated subsidiaries 25,242.7 23,797.4 5,396.2 5,843.0
—
—
(30,638.9) (29,640.4)
Total assets 26,579.8 28,376.1 27,676.1 32,625.0 16,659.3 17,846.7 (30,638.9) (38,571.5)
LIABILITIES AND EQUITY
Current intercompan
y
notes pa
y
able
—
62.5
—
35.8
—
—
—
(98.3)
Total current liabilities 697.9 760.4 6,790.7 6,826.5 5,331.6 5,331.6
—
(98.3)
Lon
g
-term intercompan
y
pa
y
ables 5,707.0 5,292.9 (4,618.7)
—
(1,088.3)
—
—
(5,292.9)
Lon
g
-term intercompan
y
notes pa
y
able (1,887.3) 260.6 1,949.9 3,196.8 (62.6) 82.5
—
(3.539.9)
Total liabilities 26,483.2 28,279.5 5,968.5 11,869.9 4,349.2 5,582.6
—
(8,931.1)
First Data Corporation stockholder’ s
equit
y
96.6 96.6 21,707.5 20,755.1 5,580.5 5,534.4 (27,288.0) (26,289.5)
Total equit
y
96.6 96.6 21,707.6 20,755.1 12,242.7 12,196.7 (30,638.9) (29,640.4)
Total liabilities and equity 26,579.8 28,376.1 27,676.1 32,625.0 16,659.3 17,846.7 (30,638.9) (38,571.5)