First Data 2014 Annual Report Download - page 144
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(A Joint Venture)
Statements of Revenues and Expenses
December 31, 2014 and 2013
(Dollars in thousands)
Revenues:
Card services revenue, net of $3.5B and $2.9B in interchange $ 704,972
663,181
and assessments in 2014 and 2013, respectively
Product sales revenue
54,593
50,392
Other revenue
53,612
40,419
Net revenue
813,177
753,992
Expenses:
Cost of card services
186,955
175,502
Cost of product sold
16,141
14,729
Selling, general and administrative
132,520
126,905
Other expenses
8,734
8,308
Total expenses
344,350
325,444
Net operating income
468,827
428,548
Interest income
1,338
1,217
Net income $ 470,165
429,765
See accompanying notes to financial statements.
144