First Data 2014 Annual Report Download - page 102
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The following tables present the results of operations, financial position, and cash flows of FDC (FDC Parent Company), the Guarantor subsidiaries, the Non-
Guarantor subsidiaries and consolidation adjustments for the years ended December 31, 2014, 2013, and 2012 and as of December 31, 2014 and 2013 to
arrive at the information for FDC on a consolidated basis.
Revenues:
Transaction and processing service fees
$ —
$ 3,814.1
$ 3,099.6
$ (258.2)
$ 6,655.5
Product sales and other
—
522.8
430.2
(60.2)
892.8
Reimbursable debit network fees, postage, and other
—
2,509.9
1,093.6
—
3,603.5
Total revenues
—
6,846.8
4,623.4
(318.4)
11,151.8
Expenses:
Cost of services (exclusive of items shown below)
—
1,402.8
1,596.7
(258.2)
2,741.3
Cost of products sold
—
223.2
174.2
(60.2)
337.2
Selling, general, and administrative
130.4
1,124.8
706.6
—
1,961.8
Reimbursable debit network fees, postage, and other
—
2,509.9
1,093.6
—
3,603.5
Depreciation and amortization
10.1
606.5
438.9
—
1,055.5
Other operating expenses:
Restructuring, net
9.9
3.5
(0.2)
—
13.2
Total expenses
150.4
5,870.7
4,009.8
(318.4)
9,712.5
Operating (loss) profit
(150.4)
976.1
613.6
—
1,439.3
Interest income
—
—
10.6
—
10.6
Interest expense
(1,737.9)
(9.5)
(5.6)
—
(1,753.0)
Loss on debt extinguishment
(260.1)
—
—
(260.1)
Interest income (expense) from intercompany notes
316.0
(304.9)
(11.1)
—
—
Other income (expense)
81.2
99.5
(19.5)
—
161.2
Equity earnings from consolidated subsidiaries
832.6
294.4
—
(1,127.0)
—
(768.2)
79.5
(25.6)
(1,127.0)
(1,841.3)
(Loss) income before income taxes and equity earnings in
affiliates
(918.6)
1,055.6
588.0
(1,127.0)
(402.0)
Income tax (benefit) expense
(460.8)
376.4
166.5
—
82.1
Equity earnings in affiliates
—
201.6
18.0
—
219.6
Net (loss) income
(457.8)
880.8
439.5
(1,127.0)
(264.5)
Less: Net income attributable to noncontrolling interests and
redeemable noncontrolling interest
—
—
66.4
126.9
193.3
Net (loss) income attributable to First Data Corporation
$ (457.8)
$ 880.8
$ 373.1
$ (1,253.9)
$ (457.8)
Comprehensive (loss) income
$ (797.8)
$ 708.8
$ 187.3
$ (714.2)
$ (615.9)
Less: Comprehensive income attributable to noncontrolling
interests and redeemable noncontrolling interest
—
—
55.0
126.9
181.9
Comprehensive (loss) income attributable to First Data
Corporation
$ (797.8)
$ 708.8
$ 132.3
$ (841.1)
$ (797.8)
102