First Data 2014 Annual Report Download - page 107
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CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) income
$ (457.8)
$ 880.8
$ 439.5
$ (1,127.0)
$ (264.5)
Adjustments to reconcile to net cash (used in) provided by
operating activities:
Depreciation and amortization (including amortization
netted against equity earnings in affiliates and
revenues)
10.1
682.7
470.5
—
1,163.3
Charges (gains) related to other operating expenses and
other income
188.9
(96.0)
19.3
—
112.2
Other non-cash and non-operating items, net
(736.5)
(367.5)
(20.4)
1,127.0
2.6
(Decrease) increase in cash, excluding the effects of
acquisitions and dispositions,
resulting from changes in operating assets and liabilities
(702.3)
631.8
70.1
—
(0.4)
Net cash (used in) provided by operating activities
(1,697.6) 1,731.8 979.0 —
1,013.2
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from dispositions, net of expenses paid
—
270.1
—
—
270.1
Additions to property and equipment
(8.1)
(124.0)
(175.9)
—
(308.0)
Payments to secure customer service contracts, including
outlays for conversion, and capitalized systems
development costs
—
(183.2)
(75.3)
—
(258.5)
Acquisitions, net of cash acquired
—
(30.8)
—
—
(30.8)
Proceeds from sale of property and equipment
—
2.1
0.6
—
2.7
Other investing activities
—
—
(4.3)
—
(4.3)
Distributions and dividends from subsidiaries
74.7
231.8
—
(306.5)
—
Net cash provided by (used in) investing activities
66.6 166.0 (254.9) (306.5)
(328.8)
CASH FLOWS FROM FINANCING ACTIVITIES
Short-term borrowings, net
9.6
—
2.2
—
11.8
Proceeds from issuance of long-term debt
350.0
—
—
—
350.0
Debt modification and related financing costs, net
(342.8)
—
—
—
(342.8)
Principal payments on long-term debt
(2,183.2)
(72.8)
(5.8)
—
(2,261.8)
Distributions and dividends paid to noncontrolling
interests and redeemable noncontrolling interest
—
—
(44.5)
(220.9)
(265.4)
Distributions paid to equity holders
—
—
(452.4)
452.4
—
Purchase of noncontrolling interest
—
—
(1.0)
—
(1.0)
Capital transactions, net
1,788.2
—
(75.0)
75.0
1,788.2
Intercompany
1,972.7
(1,840.3)
(132.4)
—
—
Net cash provided by (used in) financing activities
1,594.5 (1,913.1) (708.9) 306.5
(721.0)
Effect of exchange rate changes on cash and cash
equivalents
—
5.1
(35.4)
—
(30.3)
Change in cash and cash equivalents
(36.5) (10.2) (20.2) —
(66.9)
Cash and cash equivalents at beginning of period
36.5
33.0
355.8
—
425.3
Cash and cash equivalents at end of period
$ — $ 22.8 $ 335.6 $ —
$ 358.4
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