First Data 2014 Annual Report Download - page 143
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(A Joint Venture)
Balance Sheets
December 31, 2014 and 2013
(Dollars in thousands)
Cash and cash equivalents $ 64,403
64,077
Settlement assets
1,045,533
872,857
Accounts receivable, net of reserve for merchant credit losses of
316,446
271,931
$4.5M in 2014 and $3.4M 2013
Intangibles
479
437
Other assets
12
12
Total assets $ 1,426,873
1,209,314
Settlement liabilities $ 977,144
813,233
Accounts payable and accrued expenses
30,465
25,374
Advances payable to Wells Fargo Bank, N.A.
280,982
233,167
Related party payable to First Data Merchant Services Corporation
13,664
22,511
Distribution payable to Wells Fargo Bank, N.A.
72,016
66,263
Distribution payable to First Data Merchant Services Corporation
48,011
44,175
Total liabilities
1,422,282
1,204,723
Members’ equity
4,591
4,591
Total liabilities and members’ equity $ 1,426,873
1,209,314
See accompanying notes to financial statements.
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