First Data 2013 Annual Report Download - page 107
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A reconciliation of reportable segment amounts to the Company’s consolidated balances is as follows:
Segment Revenues:
Total reported segments $6,727.3 $6,711.3 $6,522.8
All Other and Corporate 121.4 125.0 141.2
Adjustments to reconcile to Adjusted revenue:
Official check and money order revenues (b) (4.4)(12.7)(9.9)
Eliminations of intersegment revenues (68.1) (61.6)(65.1)
Adjusted revenue 6,776.2 6,762.0 6,589.0
Adjustments to reconcile to Consolidated revenues:
Adjustments for non-wholly-owned entities (c) 38.4 73.2 179.7
Official check and money order revenues 4.4 12.7 9.9
ISO commission expense 482.5 470.9 403.5
Reimbursable debit network fees, postage and other 3,507.4 3,361.5 3,531.5
Consolidated revenues $ 10,808.9 $ 10,680.3 $ 10,713.6
Segment EBITDA:
Total reported segments $2,723.0 $2,681.7 $2,455.3
All Other and Corporate (273.6)(246.0)(206.8)
Adjusted EBITDA 2,449.4 2,435.7 2,248.5
Adjustments to reconcile to Net loss attributable to First Data Corporation:
Adjustments for non-wholly-owned entities (c) 2.4 6.8 59.5
Depreciation and amortization (1,091.3)(1,191.6)(1,245.0)
Interest expense (1,880.7)(1,897.8)(1,833.1)
Interest income 11.1 8.8 7.9
Other items (d) (132.7)(156.9) 62.4
Income tax (expense) benefit (86.5)224.0 270.1
Stock based compensation (38.1)(11.8)(16.9)
Official check and money order EBITDA (b) 2.7 6.4 (0.5)
Costs of alliance conversions (68.3)(77.2)(28.4)
KKR related items (31.8)(33.6)(37.4)
Debt issuance costs (5.3)(13.7)(3.2)
Net loss attributable to First Data Corporation $(869.1)$(700.9)$(516.1)
(a) Excludes equity losses that were recorded in expense and the amortization related to the excess of the investment balance over the Company’s
proportionate share of the investee’s net book value for the International segment.
(b) Represents an adjustment to exclude the official check and money order businesses from revenue and EBITDA due to the Company’s wind down of
these businesses.
(c) Net adjustment to reflect First Data’s proportionate share of alliance revenue and EBITDA within the Retail and Alliance Services segment, equity
earnings in affiliates included in International segment revenue and amortization related to equity method investments not included in segment EBITDA.
(d) Includes restructuring, certain retention bonuses, litigation and regulatory settlements, divestitures, and impairments as applicable to the periods
presented and “Other income (expense)” as presented in the Consolidated Statement of Operations.
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