First Data 2014 Annual Report Download - page 50
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Revenues:
Transaction and processing service fees:
Merchant related services (a)
$ 4,060.5
$ 3,987.9
$ 3,896.3
Check services
264.2
286.7
313.9
Card services (a)
1,817.1
1,687.3
1,737.7
Other services
513.7
502.4
504.2
Product sales and other (a)
892.8
837.2
866.7
Reimbursable debit network fees, postage, and other
3,603.5
3,507.4
3,361.5
Total revenues
11,151.8
10,808.9
10,680.3
Expenses:
Cost of services (exclusive of items shown below)
2,741.3
2,808.8
2,863.5
Cost of products sold
337.2
334.0
336.3
Selling, general, and administrative
1,961.8
1,888.8
1,825.4
Reimbursable debit network fees, postage, and other
3,603.5
3,507.4
3,361.5
Depreciation and amortization
1,055.5
1,091.3
1,191.6
Other operating expenses:
Restructuring, net
13.2
48.0
23.1
Impairments
—
—
5.1
Litigation and regulatory settlements
—
8.0
—
Total expenses
9,712.5
9,686.3
9,606.5
Operating profit
1,439.3
1,122.6
1,073.8
Interest income
10.6
11.1
8.8
Interest expense
(1,753.0)
(1,880.7)
(1,897.8)
Loss on debt extinguishment
(260.1)
—
—
Other income (expense)
161.2
(46.9)
(94.3)
(1,841.3)
(1,916.5)
(1,983.3)
Loss before income taxes and equity earnings in affiliates
(402.0)
(793.9)
(909.5)
Income tax expense (benefit)
82.1 86.5 (224.0)
Equity earnings in affiliates
219.6
188.3
158.2
Net loss
(264.5) (692.1) (527.3)
Less: Net income attributable to noncontrolling interests and redeemable noncontrolling
interest
193.3
177.0
173.6
Net loss attributable to First Data Corporation
$ (457.8)
$ (869.1)
$ (700.9)
(a) Includes processing fees, administrative service fees, and other fees charged to merchant alliances accounted for under the equity method of $181 million, $164 million, and $160
million for the years ended December 31, 2014, 2013, and 2012, respectively.
See Notes to Consolidated Financial Statements.
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