First Data 2012 Annual Report Download - page 120
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FIRST DATA CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
120
Year ended December 31, 2011
(As Corrected)
(in millions)
FDC Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries
Consolidation
Adjustments Consolidated
Revenues:
Transaction and processing service fees $
—
$4,055.9 $2,437.1 $ (163.0) $6,330.0
Product sales and othe
r
—
551.4 358.2 (57.5)852.1
Reimbursable debit network fees, postage
and othe
r
—
2,445.0 1,159.1 (72.6)3,531.5
—
7,052.3 3,954.4 (293.1)10,713.6
Expenses:
Cost of services (exclusive of items shown
b
elow)
—
1,896.4 1,155.0 (163.0)2,888.4
Cost of products sol
d
—
274.7 152.4 (57.5) 369.6
Selling, general and administrative 107.8 1,095.4 490.5
—
1,693.7
Reimbursable debit network fees, postage
and othe
r
—
2,445.0 1,159.1 (72.6) 3,531.5
Depreciation and amortization 8.3 743.1 493.6
—
1,245.0
Other operating expenses:
Restructuring, net (0.6)23.1 23.9
—
46.4
Litigation and regulatory settlements (2.5)
—
—
—
(2.5)
113.0 6,477.7 3,474.5 (293.1)9,772.1
Operating (loss) profit (113.0)574.6 479.9
—
941.5
Interest income 0.3 0.6 7.0
—
7.9
Interest expense (1,812.9) (7.6) (12.6)
—
(1,833.1)
Interest income (expense) from intercompany
notes 306.7 (311.9)5.2
—
—
Other income (expense) 59.0 68.4 (3.3)
—
124.1
Equity earnings from consolidated
subsidiaries 452.2 133.9
—
(586.1)
—
(994.7)(116.6)(3.7) (586.1)(1,701.1)
(Loss) income before income taxes and
equity earnings in affiliates (1,107.7)458.0 476.2 (586.1)(759.6)
Income tax (benefit) expense (591.6) 243.4 78.1
—
(270.1)
Equity earnings in affiliates
—
153.6 (0.2)
—
153.4
N
et (loss) income (516.1) 368.2 397.9 (586.1) (336.1)
Less: Net income attributable to
noncontrolling interests and redeemable
noncontrolling interes
t
—
—
59.6 120.4 180.0
N
et (loss) income attributable to First Data
Corporation $ (516.1)$368.2 $338.3
$ (706.5)$(516.1)
Comprehensive (loss) income (477.6)418.2 319.0 (564.1)(304.5)
Less: Comprehensive income attributable to
noncontrolling interests and redeemable
noncontrolling interes
t
—
—
52.7 120.4 173.1
Comprehensive (loss) income attributable to
First Data Corporation $ (477.6) $ 418.2
$266.3
$ (684.5) $ (477.6)