First Data 2012 Annual Report Download - page 124

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FIRST DATA CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
124
Year ended December 31, 2012
(in millions)
FDC Parent
Com
p
an
y
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries
Consolidation
Ad
j
ustments Consolidated
CASH FLOWS FROM OPERATING
ACTIVITIES
Net (loss) income $(700.9) $447.2 $428.7 $ (702.3) $(527.3)
Adjustments to reconcile to net cash (used in)
p
rovided by operating activities:
Depreciation and amortization (including
amortization netted against equity earnings
in affiliates and revenues) 8.1 844.5 478.3
—
1,330.9
Charges (gains) related to other operating
expenses and other income (expense) 101.9 20.8 (0.2)
—
122.5
Other non-cash and non-operating items, net (483.9) (265.8) 7.2 702.3 (40.2)
(Decrease) increase in cash resulting from
changes in operating assets and liabilities,
excluding the effects of acquisitions and
dispositions (461.8)515.0 (171.7)
—
(118.5)
Net cash (used in) provided by operating
activities (1,536.6)1,561.7 742.3
—
767.4
CASH FLOWS FROM INVESTING ACTIVITIES
Current year acquisitions, net of cash acquire
d
(33.0) 0.1
—
—
(32.9)
Contributions to equity method investments
—
(7.9)
—
—
(7.9)
Payments related to other businesses previously
acquire
d
—
(4.4)
—
—
(4.4)
Proceeds from sale of property and equipmen
t
—
7.1 0.9
—
8.0
Additions to property and equipmen
t
(2.6) (88.9) (101.6)
—
(193.1)
Payments to secure customer service contracts,
including outlays for conversion, and
capitalized systems development costs (0.8)(137.8)(38.6)
—
(177.2)
Other investing activities 228.3 219.0 6.7 (443.6)10.4
Net cash provided by (used in) investing
activities 191.9 (12.8)(132.6) (443.6)(397.1)
CASH FLOWS FROM FINANCING ACTIVITIES
Short-term borrowings, ne
t
—
—
99.1
—
99.1
Accrued interest funded upon issuance of notes 6.5
—
—
—
6.5
Debt modification proceeds and related financing
costs 10.8
—
—
—
10.8
Principal payments on long-term debt (3.4) (56.2) (23.7)
—
(83.3)
Proceeds from sale-leaseback transactions
—
13.8
—
—
13.8
Distributions and dividends paid to
noncontrolling interests and redeemable
noncontrolling interests
—
—
(54.0) (207.9) (261.9)
Distributions paid to equity holders
—
—
(424.0) 424.0
—
Purchase of noncontrolling interes
t
—
—
(25.1)
—
(25.1)
Redemption of Parent’ s redeemable common
stoc
k
(1.7)
—
—
—
(1.7)
Cash dividends (6.7)
—
(227.5) 227.5 (6.7)
Intercompany 1,405.0 (1,502.2)97.2
—
—
Net cash provided by (used in) financing
activities 1,410.5 (1,544.6) (558.0) 443.6 (248.5)
Effect of exchange rate changes on cash and cash
equivalents
—
(4.2)5.0
—
0.8
Change in cash and cash equivalents 65.8 0.1 56.7
—
122.6
Cash and cash equivalents at beginning of period 162.2 37.1 286.4
—
485.7
Cash and cash equivalents at end of period
$228.0
$37.2
$343.1
$
—
$608.3