First Data 2012 Annual Report Download - page 58

FIRST DATA CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(a) Includes processing fees, administrative service fees and other fees charged to merchant alliances accounted for under the equity
method of $159.8 million, $146.0 million and $134.6 million for the years ended December 31, 2012, 2011 and 2010,
respectively.
See Notes to Consolidated Financial Statements.
58
Year ended December 31,
(in millions) 2012 2011 2010
Revenues:
Transaction and processing service fees:
Merchant related services (a) $3,896.3 $3,692.8 $3,521.3
Check services 313.9 338.2 378.8
Card services 1,737.7 1,750.6 1,735.8
Other services 504.2 548.4 545.6
Product sales and other (a) 866.7 852.1 809.3
Reimbursable debit network fees, postage and other 3,361.5 3,531.5 3,389.6
10,680.3 10,713.6 10,380.4
Expenses:
Cost of services (exclusive of items shown below) 2,863.5 2,888.4 3,023.3
Cost of products sol
d
336.3 369.6 375.2
Selling, general and administrative 1,825.4 1,693.7 1,579.7
Reimbursable debit network fees, postage and othe
r
3,361.5 3,531.5 3,389.6
Depreciation and amortization 1,191.6 1,245.0 1,414.4
Other operating expenses:
Restructuring, net 23.1 46.4 72.0
Impairments 5.1
—
11.5
Litigation and regulatory settlements
—
(2.5)(2.0)
9,606.5 9,772.1 9,863.7
Operating profit 1,073.8 941.5 516.7
Interest income 8.8 7.9 7.8
Interest expense (1,897.8) (1,833.1) (1,796.6)
Other income (expense) (94.3)124.1 (15.9)
(1,983.3)(1,701.1)(1,804.7)
Loss before income taxes and equity earnings in affiliates (909.5)(759.6)(1,288.0)
Income tax benefi
t
(224.0) (270.1) (323.8)
Equity earnings in affiliates 158.2 153.4 117.3
N
et loss (527.3) (336.1) (846.9)
Less: Net income attributable to noncontrolling interests and redeemable
noncontrolling interests 173.6 180.0 174.9
N
et loss attributable to First Data Corporation
$ (700.9) $ (516.1) $ (1,021.8)