First Data 2014 Annual Report Download - page 53
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CASH FLOWS FROM OPERATING ACTIVITIES
Net loss $ (264.5) $ (692.1) $ (527.3)
Adjustments to reconcile to net cash provided by operating activities:
Depreciation and amortization (including amortization netted against equity
earnings in affiliates and revenues) 1,163.3 1,211.9 1,330.9
Charges related to other operating expenses and other income 112.2 102.9 122.5
Other non-cash and non-operating items, net 2.6 (8.8) (40.2)
Increase (decrease) in cash, excluding the effects of acquisitions and dispositions,
resulting from changes in:
Accounts receivable, current and long-term (61.2) 63.3 (49.8)
Other assets, current and long-term 62.4 2.8 260.0
Accounts payable and other liabilities, current and long-term 12.0 (1.2) (34.6)
Income tax accounts (13.6) (6.1) (294.1)
Net cash provided by operating activities 1,013.2 672.7 767.4
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from dispositions, net of expenses paid 270.1 18.1 —
Additions to property and equipment (308.0) (194.1) (193.1)
Payments to secure customer service contracts, including outlays for
conversion, and capitalized systems development costs (258.5) (184.4) (177.2)
Acquisitions, net of cash acquired (30.8) (12.1) (32.9)
Proceeds from sale of property and equipment 2.7 11.8 8.0
Contributions to equity method investments — — (7.9)
Other investing activities (4.3) 7.6 6.0
Net cash used in investing activities (328.8) (353.1) (397.1)
CASH FLOWS FROM FINANCING ACTIVITIES
Short-term borrowings, net 11.8 (109.6) 99.1
Proceeds from issuance of long-term debt 350.0 — —
Debt modification (payments) proceeds and related financing costs (342.8) (10.3) 17.3
Principal payments on long-term debt (2,261.8) (92.2) (83.3)
Proceeds from sale-leaseback transactions — — 13.8
Distributions and dividends paid to noncontrolling interests and redeemable
noncontrolling interest (265.4) (224.5) (261.9)
Purchase of noncontrolling interest (1.0) (23.7) (25.1)
Capital transactions with parent, net 1,788.2 (29.8) (8.4)
Net cash used in financing activities (721.0) (490.1) (248.5)
Effect of exchange rate changes on cash and cash equivalents
(30.3)
(12.5)
0.8
Change in cash and cash equivalents
(66.9) (183.0) 122.6
Cash and cash equivalents at beginning of period
425.3
608.3
485.7
Cash and cash equivalents at end of period
$ 358.4 $ 425.3 $ 608.3
SUPPLEMENTAL CASH FLOW INFORMATION:
Income tax payments, net of refunds received
$ 95.6
$ 92.6
$ 70.1
Interest paid
1,700.5
1,802.2
1,793.9
Distributions received from equity method investments
278.0
260.7
244.5
NON-CASH TRANSACTIONS:
Capital leases, net of trade-ins
$ 127.7
$ 112.0
$ 55.0
See Notes to Consolidated Financial Statements.
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