First Data 2012 Annual Report Download - page 61

Download and view the complete annual report

Please find page 61 of the 2012 First Data annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 220

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220

FIRST DATA CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS
See Notes to Consolidated Financial Statements.
61
Year ended December 31,
(in millions) 2012 2011 2010
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss $ (527.3) $ (336.1) $ (846.9)
Adjustments to reconcile to net cash provided by operating activities:
Depreciation and amortization (including amortization netted against
equity earnings in affiliates and revenues) 1,330.9 1,344.2 1,526.0
Charges (gains) related to other operating expenses and other income
(expense) 122.5 (77.7)97.4
Other non-cash and non-operating items, net (40.2) 27.7 265.6
Increase (decrease) in cash, excluding the effects of acquisitions and
dispositions, resulting from changes in:
Accounts receivable, current and long-term (49.8) 256.7 224.7
Other assets, current and long-term 260.0 239.3 298.3
Accounts payable and other liabilities, current and long-term (34.6) (1.2) (386.1)
Income tax accounts (294.1)(337.3)(424.3)
Net cash provided by operating activities 767.4 1,115.6 754.7
CASH FLOWS FROM INVESTING ACTIVITIES
Current year acquisitions, net of cash acquire
d
(32.9) (19.2) (1.8)
Contributions to equity method investments (7.9)(161.5)(1.4)
Payments related to other businesses previously acquired (4.4) 3.2 (1.4)
Proceeds from dispositions, net of expenses paid and cash dispose
d
—
1.7 21.2
Proceeds from sale of property and equipmen
t
8.0 17.1 5.5
Additions to property and equipmen
t
(193.1)(202.9)(210.1)
Payments to secure customer service contracts, including outlays for
conversion, and capitalized systems development costs (177.2) (201.9) (159.6)
Other investing activities 10.4 4.9 18.4
Net cash used in investing activities (397.1)(558.6)(329.2)
CASH FLOWS FROM FINANCING ACTIVITIES
Short-term borrowings, ne
t
99.1 (107.3) 75.1
Accrued interest funded upon issuance of notes 6.5
—
—
Debt modification proceeds (payments) and related financing costs 10.8 (39.7) (61.2)
Principal payments on long-term debt (83.3)(104.5)(220.4)
Proceeds from sale-leaseback transactions 13.8 14.2
—
Distributions and dividends paid to noncontrolling interests and
redeemable noncontrolling interests (261.9)(327.3)(216.1)
Contributions from noncontrolling interests
—
0.8
—
Purchase of noncontrolling interests (25.1)
—
(213.3)
Redemption of Paren
t
’s redeemable common stock (1.7) (0.5) (2.5)
Cash dividends (6.7)(0.2)(14.9)
Net cash used in financing activities (248.5)(564.5)(653.3)
Effect of exchange rate changes on cash and cash equivalents 0.8 (16.3)0.3
Change in cash and cash equivalents 122.6 (23.8)(227.5)
Cash and cash equivalents at beginning of period 485.7 509.5 737.0
Cash and cash equivalents at end of period $ 608.3 $ 485.7 $ 509.5