First Data 2012 Annual Report Download - page 91

FIRST DATA CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Supplemental Cash Flow Information
Supplemental cash flow information is summarized as follows:
Significant non-cash transactions. During 2011 and 2010, the principal amount of FDC’ s senior notes due 2015 increased by
$73.1 million and $362.5 million, respectively, resulting from the “payment” of accrued interest expense. The decrease in the amount
of interest expense accrued during 2011 is due to the December 2010 exchange of notes discussed below. The terms of FDC’ s senior
unsecured notes due 2015 require interest to be paid in cash for all periods after October 1, 2011.
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As of December 31,
(in millions) 2012 2011
Property and equipment:
Lan
d
$ 88.6 $95.8
Buildings 319.4 322.2
Leasehold improvements 51.9 56.1
Equipment and furniture 1,103.4 1,026.2
Equipment under capital lease 316.8 278.5
1,880.1 1,778.8
Less accumulated depreciation (1,024.3)(842.9)
$ 855.8 $935.9
Other long-term assets:
Accounts receivable, net of allowance for doubtful accounts of $2.1(2012) $ 180.7 $160.3
Leasing Receivables, net of allowance for doubtful accounts of $10.6 (2012) and $10.3 (2011) 277.7 257.6
Investments 13.9 24.2
Regulatory and escrowed cash 5.1 13.9
Derivative financial instruments 89.8 76.3
Deferred financing costs, net of amortization 218.2 269.8
Deferred income tax assets 10.4 10.5
Pension assets
—
13.7
Other 29.2 17.8
$ 825.0 $844.1
Other current liabilities:
Accrued interest expense $ 496.0 $439.5
Other accrued expenses 554.8 537.5
Compensation and benefit liabilities 307.2 284.6
Derivative financial instruments 0.3 156.7
Due to unconsolidated merchant alliances 8.7 6.9
Other 233.6 217.9
$ 1,600.6 $1,643.1
Other long-term liabilities:
Pension obligations $ 103.3 $91.1
Derivative financial instruments 171.8 39.7
Income taxes payable 353.0 475.6
Other 193.8 157.2
$ 821.9 $763.6
Year ended December 31,
(in millions) 2012 2011 2010
Income tax payments, net of refunds receive
d
$70.1 $67.2 $100.5
Interest pai
d
$ 1,793.9 $ 1,458.2 $ 1,494.9
Distributions received from equity method investments $244.5 $194.8 $194.1