Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - FIRST DATA CORP | d8k.htm |
Exhibit 99.1
FIRST DATA CORPORATION
REVISED HISTORICAL SUMMARY SEGMENT DATA
(Unaudited)
(in millions)
| Three months ended March 31, 2008 |
Three months ended June 30, 2008 |
Three months ended September 30, 2008 |
Three months ended December 31, 2008 |
Three months ended March 31, 2009 |
Three months ended June 30, 2009 |
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| Segment Revenues: |
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| Retail and Alliance Services |
$ | 786.4 | $ | 838.0 | $ | 833.0 | $ | 819.8 | $ | 691.2 | $ | 755.4 | ||||||||||||
| Financial Services |
376.2 | 381.8 | 380.3 | 379.2 | 372.6 | 378.0 | ||||||||||||||||||
| International |
412.4 | 441.8 | 462.3 | 409.6 | 346.6 | 384.4 | ||||||||||||||||||
| Integrated Payment Systems |
45.0 | 26.7 | (32.9 | ) | 4.3 | 3.3 | (2.7 | ) | ||||||||||||||||
| Subtotal segment revenues |
1,620.0 | 1,688.3 | 1,642.7 | 1,612.9 | 1,413.7 | 1,515.1 | ||||||||||||||||||
| All Other and Corporate |
100.6 | 79.8 | 86.4 | 69.5 | 68.0 | 60.0 | ||||||||||||||||||
| Adjustments to reconcile to Adjusted revenue: |
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| Official check and money order revenues |
(45.0 | ) | (26.7 | ) | 32.9 | (4.3 | ) | (3.3 | ) | 2.7 | ||||||||||||||
| Eliminations |
(15.7 | ) | (15.5 | ) | (16.0 | ) | (15.4 | ) | (14.3 | ) | (14.2 | ) | ||||||||||||
| Adjusted revenue |
1,659.9 | 1,725.9 | 1,746.0 | 1,662.7 | 1,464.1 | 1,563.6 | ||||||||||||||||||
| Adjustments to reconcile to Consolidated revenues: |
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| Divested businesses |
38.8 | 42.4 | 36.1 | 30.6 | 17.4 | 15.0 | ||||||||||||||||||
| Adjustments for non-wholly owned entities |
(114.3 | ) | (122.8 | ) | (117.5 | ) | (21.2 | ) | (50.8 | ) | (59.6 | ) | ||||||||||||
| Official check and money order revenues |
45.0 | 26.7 | (32.9 | ) | 4.3 | 3.3 | (2.7 | ) | ||||||||||||||||
| ISO commission expense |
18.3 | 21.3 | 21.3 | 40.0 | 52.6 | 60.4 | ||||||||||||||||||
| Reimbursable debit network fees, postage and other |
478.8 | 510.8 | 511.0 | 600.1 | 589.6 | 631.9 | ||||||||||||||||||
| Consolidated revenues |
$ | 2,126.5 | $ | 2,204.3 | $ | 2,164.0 | $ | 2,316.5 | $ | 2,076.2 | $ | 2,208.6 | ||||||||||||
| Segment EBITDA: |
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| Retail and Alliance Services |
$ | 316.2 | $ | 367.5 | $ | 357.8 | $ | 366.3 | $ | 264.9 | $ | 325.9 | ||||||||||||
| Financial Services |
176.8 | 185.7 | 194.6 | 196.0 | 162.4 | 186.7 | ||||||||||||||||||
| International |
89.4 | 109.2 | 140.9 | 113.0 | 76.1 | 110.4 | ||||||||||||||||||
| Integrated Payment Systems |
— | — | — | — | — | — | ||||||||||||||||||
| Subtotal segment EBITDA |
582.4 | 662.4 | 693.3 | 675.3 | 503.4 | 623.0 | ||||||||||||||||||
| All Other and Corporate |
3.2 | (11.7 | ) | (4.8 | ) | (25.9 | ) | (28.1 | ) | (28.9 | ) | |||||||||||||
| Adjusted EBITDA |
585.6 | 650.7 | 688.5 | 649.4 | 475.3 | 594.1 | ||||||||||||||||||
| Adjustments to reconcile to Loss before income taxes and equity earnings in affiliates: |
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| Divested businesses |
15.0 | 19.0 | 16.9 | 18.2 | 10.7 | 3.3 | ||||||||||||||||||
| Adjustments for non-wholly owned entities |
(68.2 | ) | (72.9 | ) | (58.2 | ) | (5.2 | ) | (33.0 | ) | (41.3 | ) | ||||||||||||
| Depreciation and amortization |
(319.1 | ) | (338.8 | ) | (338.9 | ) | (372.9 | ) | (329.5 | ) | (365.6 | ) | ||||||||||||
| Interest expense |
(517.7 | ) | (451.1 | ) | (497.7 | ) | (498.4 | ) | (448.2 | ) | (449.6 | ) | ||||||||||||
| Interest income |
9.0 | 6.6 | 5.9 | 4.5 | 3.3 | 3.1 | ||||||||||||||||||
| Other items |
(43.2 | ) | 6.5 | 24.9 | (3,258.2 | ) | 0.9 | (12.0 | ) | |||||||||||||||
| Stock based compensation |
(4.4 | ) | (6.2 | ) | (8.9 | ) | 2.9 | (4.5 | ) | (4.6 | ) | |||||||||||||
| Official check and money order EBITDA |
34.0 | 16.4 | (42.2 | ) | (2.5 | ) | (2.4 | ) | (8.2 | ) | ||||||||||||||
| Cost of data center, technology and savings initiatives |
(33.0 | ) | (51.3 | ) | (78.0 | ) | (66.9 | ) | (57.4 | ) | (43.8 | ) | ||||||||||||
| KKR merger related items |
(13.3 | ) | (10.2 | ) | (9.7 | ) | (17.1 | ) | (6.2 | ) | (7.3 | ) | ||||||||||||
| Eliminations |
— | — | — | — | (0.2 | ) | — | |||||||||||||||||
| Loss before income taxes and equity earnings in affiliates |
$ | (355.3 | ) | $ | (231.3 | ) | $ | (297.4 | ) | $ | (3,546.2 | ) | $ | (391.2 | ) | $ | (331.9 | ) | ||||||
| Three months ended March 31, 2008 |
Three months ended June 30, 2008 |
Three months ended September 30, 2008 |
Three months ended December 31, 2008 |
Three months ended March 31, 2009 |
Three months ended June 30, 2009 |
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| Segment depreciation and amortization: |
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| Retail and Alliance Services |
$ | 222.1 | $ | 229.7 | $ | 226.1 | $ | 224.0 | $ | 187.4 | $ | 185.9 | ||||||||||||
| Financial Services |
78.6 | 83.1 | 77.1 | 82.7 | 80.4 | 108.5 | ||||||||||||||||||
| International |
59.1 | 64.5 | 67.9 | 65.7 | 62.2 | 68.3 | ||||||||||||||||||
| Integrated Payment Systems |
0.1 | — | 0.1 | — | 0.2 | 0.1 | ||||||||||||||||||
| Subtotal segment depreciation and amortization |
359.9 | 377.3 | 371.2 | 372.4 | 330.2 | 362.8 | ||||||||||||||||||
| All Other and Corporate |
11.7 | 18.9 | 25.2 | 25.6 | 14.7 | 18.5 | ||||||||||||||||||
| 371.6 | 396.2 | 396.4 | 398.0 | 344.9 | 381.3 | |||||||||||||||||||
| Adjustments to reconcile to consolidated depreciation and amortization: |
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| Divested businesses |
3.2 | 3.4 | 3.9 | 2.7 | 2.5 | 2.6 | ||||||||||||||||||
| Adjustments for non-wholly owned entities |
(7.9 | ) | (8.0 | ) | (8.1 | ) | (2.7 | ) | (0.3 | ) | (0.3 | ) | ||||||||||||
| Amortization of initial payments for new contracts |
1.5 | 1.9 | 3.5 | 4.0 | 5.0 | 5.4 | ||||||||||||||||||
| Total consolidated depreciation and amortization |
$ | 368.4 | $ | 393.5 | $ | 395.7 | $ | 402.0 | $ | 352.1 | $ | 389.0 | ||||||||||||