First Data 2012 Annual Report Download - page 123

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FIRST DATA CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(a) The majority of the Guarantor settlement assets relate to FDC’ s merchant acquiring business. FDC believes the settlement
assets are not available to satisfy any claims other than those related to the settlement liabilities.
123
As of December 31, 2011
(As Corrected)
(in millions) FDC Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries
Consolidation
Adjustments Consolidated
ASSETS
Current assets:
Cash and cash equivalents $162.2 $37.1 $286.4 $
—
$485.7
Accounts receivable, net of allowance for
doubtful accounts 25.3 939.4 883.9
—
1,848.6
Settlement assets (a)
—
6,093.2 4,565.1
—
10,658.3
Intercompany notes receivable 12.2
—
86.1 (98.3)
—
Other current assets 45.7 212.0 65.2
—
322.9
Total current assets 245.4 7,281.7 5,886.7 (98.3)13,315.5
Property and equipment, net of accumulated
depreciation 31.4 623.5 281.0
—
935.9
Goodwill
—
9,430.9 7,773.7
—
17,204.6
Customer relationships, net of accumulated
amortization
—
2,468.4 1,957.0
—
4,425.4
Other intangibles, net of accumulated amortization 606.8 638.7 633.7
—
1,879.2
Investment in affiliates
—
1,452.8 37.8
—
1,490.6
Long-term settlement assets (a)
—
—
181.0
—
181.0
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)
—
Other long-term assets 465.7 304.3 74.1
—
844.1
Investment in consolidated subsidiaries 23,797.4 5,843.0
—
(29,640.4)
—
Total assets $28,376.1 $32,625.0 $17,846.7
$ (38,571.5)$40,276.3
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable $7.1 $113.4 $85.4 $
—
$205.9
Short-term and current portion of long-term
b
orrowings 0.3 39.6 93.5
—
133.4
Settlement obligations (a)
—
6,093.2 4,744.6
—
10,837.8
Intercompany notes payable 62.5 35.8
—
(98.3)
—
Other current liabilities 690.5 544.5 408.1
—
1,643.1
Total current liabilities 760.4 6,826.5 5,331.6 (98.3)12,820.2
Long-term borrowings 22,422.4 69.0 30.3
—
22,521.7
Long-term deferred tax (assets) liabilities (1,091.6)1,677.5 109.5
—
695.4
Long-term intercompany payables 5,292.9
—
—
(5,292.9)
—
Long-term intercompany notes payable 260.6 3,196.8 82.5 (3,539.9)
—
Other long-term liabilities 634.8 100.1 28.7
—
763.6
Total liabilities 28,279.5 11,869.9 5,582.6 (8,931.1)36,800.9
Redeemable equity interest
—
—
67.4 (67.4)
—
Redeemable noncontrolling interest
—
—
—
67.4 67.4
First Data Corporation stockholde
r
’ s equity 96.6 20,755.1 5,534.4 (26,289.5) 96.6
N
oncontrolling interests
—
—
60.8 3,250.6 3,311.4
Equity of consolidated alliance
—
—
6,601.5 (6,601.5)
—
Total equity 96.6 20,755.1 12,196.7 (29,640.4)3,408.0
Total liabilities and equity
$28,376.1
$32,625.0
$17,846.7
$ (38,571.5) $40,276.3