First Data 2012 Annual Report Download - page 119
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FIRST DATA CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
The following tables present the results of operations, financial position and cash flows of FDC (“FDC Parent Company”), the
Guarantor subsidiaries, the Non-Guarantor subsidiaries and consolidation adjustments for the years ended December 31, 2012, 2011
and 2010 and as of December 31, 2012 and 2011 to arrive at the information for FDC on a consolidated basis.
119
Year ended December 31, 2012
(in millions)
FDC Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries
Consolidation
Adjustments Consolidated
Revenues:
Transaction and processing service fees $
—
$4,180.5 $2,471.8 $ (200.2) $6,452.1
Product sales and othe
r
—
569.8 355.8 (58.9)866.7
Reimbursable debit network fees, postage
and othe
r
—
2,430.3 953.8 (22.6)3,361.5
—
7,180.6 3,781.4 (281.7)10,680.3
Expenses:
Cost of services (exclusive of items shown
b
elow)
—
1,829.6 1,234.1 (200.2)2,863.5
Cost of products sol
d
—
252.9 142.3 (58.9) 336.3
Selling, general and administrative 89.4 1,217.3 518.7
—
1,825.4
Reimbursable debit network fees, postage
and othe
r
—
2,430.3 953.8 (22.6) 3,361.5
Depreciation and amortization 8.1 718.9 464.6
—
1,191.6
Other operating expenses:
Restructuring, net (0.2)7.6 15.7
—
23.1
Impairments
—
5.1
—
—
5.1
97.3 6,461.7 3,329.2 (281.7)9,606.5
Operating (loss) profit (97.3)718.9 452.2
—
1,073.8
Interest income 0.1 0.3 8.4
—
8.8
Interest expense (1,880.4) (7.3) (10.1)
—
(1,897.8)
Interest income (expense) from intercompany
notes 313.0 (320.0)7.0
—
—
Other income (expense) (102.1) (8.1) 15.9
—
(94.3)
Equity earnings from consolidated
subsidiaries 522.6 179.7
—
(702.3)
—
(1,146.8)(155.4)21.2 (702.3)(1,983.3)
(Loss) income before income taxes and
equity earnings in affiliates (1,244.1)563.5 473.4 (702.3)(909.5)
Income tax (benefit) expense (543.2) 273.7 45.5
—
(224.0)
Equity earnings in affiliates
—
157.4 0.8
—
158.2
N
et (loss) income (700.9) 447.2 428.7 (702.3) (527.3)
Less: Net income attributable to
noncontrolling interests and redeemable
noncontrolling interes
t
—
—
61.9 111.7 173.6
N
et (loss) income attributable to First Data
Corporation $ (700.9)$447.2 $366.8
$ (814.0)$(700.9)
Comprehensive (loss) income $ (654.7) $ 448.6 $421.5 $ (693.2) $ (477.8)
Less: Comprehensive income attributable to
noncontrolling interests and redeemable
noncontrolling interes
t
—
—
65.2 111.7 176.9
Comprehensive (loss) income attributable to
First Data Corporation $ (654.7) $ 448.6
$356.3
$ (804.9) $ (654.7)