First Data 2014 Annual Report Download - page 106
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ASSETS
Current assets:
Cash and cash equivalents
$ 36.5
$ 33.0
$ 355.8
$ —
$ 425.3
Accounts receivable, net of allowance for doubtful accounts
5.8
776.3
981.8
—
1,763.9
Settlement assets (a)
—
3,785.7
3,756.1
—
7,541.8
Intercompany notes receivable
21.3
—
16.8
(38.1)
—
Other current assets
64.0
179.8
101.3
—
345.1
Total current assets
127.6 4,774.8 5,211.8 (38.1) 10,076.1
Property and equipment, net of accumulated depreciation
27.9
540.2
281.3
—
849.4
Goodwill
—
9,090.3
8,157.5
—
17,247.8
Customer relationships, net of accumulated amortization
—
1,731.8
1,430.5
—
3,162.3
Other intangibles, net of accumulated amortization
604.8
516.5
598.3
—
1,719.6
Investment in affiliates
—
1,143.0
191.3
—
1,334.3
Long-term settlement assets (a)
—
—
15.2
—
15.2
Long-term intercompany receivables
4,817.6
11,379.2
5,036.1
(21,232.9)
—
Long-term intercompany notes receivable
3,536.5
288.7
0.4
(3,825.6)
—
Long-term deferred tax assets
850.1
—
—
(850.1)
—
Other long-term assets
361.1
346.1
237.2
(109.3)
835.1
Investment in consolidated subsidiaries
24,393.3
5,714.1
—
(30,107.4)
—
Total assets
$ 34,718.9 $ 35,524.7 $ 21,159.6 $ (56,163.4) $ 35,239.8
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable
$ 9.6
$ 172.3
$ 105.9
$ —
$ 287.8
Short-term and current portion of long-term borrowings
4.2
66.3
75.8
—
146.3
Settlement obligations (a)
—
3,785.7
3,767.7
—
7,553.4
Intercompany notes payable
16.8
—
21.3
(38.1)
—
Other current liabilities
686.3
531.2
413.0
—
1,630.5
Total current liabilities
716.9 4,555.5 4,383.7 (38.1) 9,618.0
Long-term borrowings
22,469.1
77.3
10.4
—
22,556.8
Long-term deferred tax liabilities
—
1,239.8
163.3
(850.1)
553.0
Long-term intercompany payables
12,172.1
5,932.9
3,127.9
(21,232.9)
—
Long-term intercompany notes payable
290.1
3,450.0
85.5
(3,825.6)
—
Other long-term liabilities
560.3
227.8
71.3
(109.3)
750.1
Total liabilities
36,208.5 15,483.3 7,842.1 (26,056.0) 33,477.9
Redeemable equity interest
—
—
69.1
(69.1)
—
Redeemable noncontrolling interest
—
—
—
69.1
69.1
First Data Corporation stockholder’s (deficit) equity
(1,489.6)
20,041.4
6,872.7
(26,914.1)
(1,489.6)
Noncontrolling interests
—
—
89.5
3,092.9
3,182.4
Equity of consolidated alliance
—
—
6,286.2
(6,286.2)
—
Total equity
(1,489.6) 20,041.4 13,248.4 (30,107.4) 1,692.8
Total liabilities and equity
$ 34,718.9
$ 35,524.7
$ 21,159.6
$ (56,163.4)
$ 35,239.8
(a) The majority of the Guarantor settlement assets relate to FDC’s merchant acquiring business. FDC believes the settlement assets are not available to satisfy any claims other than
those related to the settlement liabilities.
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