First Data 2012 Annual Report Download - page 121
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FIRST DATA CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
121
Year ended December 31, 2010
(As Corrected)
(in millions) FDC Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries
Consolidation
Adjustments Consolidated
Revenues:
Transaction and processing service fees $
—
$4,001.7 $2,328.3 $ (148.5) $6,181.5
Product sales and othe
r
—
542.6 319.3 (52.6)809.3
Reimbursable debit network fees, postage
and othe
r
—
2,299.8 1,160.3 (70.5)3,389.6
—
6,844.1 3,807.9 (271.6)10,380.4
Expenses:
Cost of services (exclusive of items
shown below)
—
1,949.6 1,222.2 (148.5)3,023.3
Cost of products sol
d
—
257.8 170.0 (52.6) 375.2
Selling, general and administrative 264.7 877.2 437.8
—
1,579.7
Reimbursable debit network fees, postage
and othe
r
—
2,299.8 1,160.3 (70.5) 3,389.6
Depreciation and amortization 7.6 937.9 468.9
—
1,414.4
Other operating expenses:
Restructuring, net 12.7 46.0 13.3
—
72.0
Impairments
—
7.8 3.7
—
11.5
Litigation and regulatory settlements
—
(2.0)
—
—
(2.0)
285.0 6,374.1 3,476.2 (271.6)9,863.7
Operating (loss) profit (285.0)470.0 331.7
—
516.7
Interest income 1.0 1.1 5.7
—
7.8
Interest expense (1,775.2)(6.4)(15.0)
—
(1,796.6)
Interest income (expense) from intercompany notes 230.3 (249.7) 19.4
—
—
Other income (expense) 2.8 31.8 (24.5) (26.0)(15.9)
Equity earnings from consolidated subsidiaries 249.8 150.2
—
(400.0)
—
(1,291.3)(73.0)(14.4) (426.0)(1,804.7)
(Loss) income before income taxes and equity
earnings in affiliates (1,576.3) 397.0 317.3 (426.0) (1,288.0)
Income tax (benefit) expense (554.5)124.3 106.4
—
(323.8)
Equity earnings in affiliates
—
117.7 1.5 (1.9)117.3
N
et (loss) income (1,021.8)390.4 212.4 (427.9)(846.9)
Less: Net income attributable to noncontrolling
interests and redeemable noncontrolling interes
t
—
—
49.1 125.8 174.9
N
et (loss) income attributable to First Data
Corporation
$(1,021.8)$390.4
$163.3
$ (553.7)$(1,021.8)
Comprehensive (loss) income (976.8) 399.5 207.2 (435.1) (805.2)
Less: Comprehensive income attributable to
noncontrolling interests and redeemable
noncontrolling interes
t
—
—
46.0 125.8 171.8
Comprehensive (loss) income attributable to First
Data Corporation
$(976.8) $399.5
$161.2
$ (560.9) $(977.0)