Segment Information

6 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company’s operating business units offer sophisticated information processing and software services and products. Through March 31, 2013, the Company presented these businesses as two operating segments, Financial Services and Customer Communications.  Investments in the Company’s real estate subsidiaries and affiliates, equity securities, private equity investments and certain financial interests have been aggregated into an Investments and Other Segment. As mentioned in Note 1, beginning in second quarter 2013, DST created a new reportable segment entitled Healthcare Services, by separating DST Healthcare (comprised of DST Health Solutions and Argus Health Systems) from the previously reported Financial Services Segment. The Company's operating business units are now reported as three operating segments (Financial Services, Healthcare Services and Customer Communications).  Prior periods have been revised to reflect the new reportable operating segments.

Information concerning total assets by reporting segment is as follows (in millions): 

	June 30, 2013			December 31, 2012
Financial Services	$	1,501.0		$	1,589.0
Healthcare Services	295.9			382.1
Customer Communications	380.5			385.5
Investments and Other	1,234.7			1,102.3
Elimination Adjustments	(64.7		)	(66.4		)
	$	3,347.4		$	3,392.5

The Company evaluates the performance of its Segments based on income before income taxes and interest expense.  Intersegment revenues are reflected at rates prescribed by the Company and may not be reflective of market rates.

Summarized financial information concerning the Company’s Segments is shown in the following tables (in millions):

	Three Months Ended June 30, 2013
	Financial Services		Healthcare Services		Customer Communications		Investments / Other		Elimination Adjustments			Consolidated Total
Operating revenues	$	238.4	$	82.0	$	160.8	$	3.9	$			$	485.1
Intersegment operating revenues	10.3				2.0		10.5		(22.8		)
Out-of-pocket reimbursements	11.1		1.4		161.2				(1.7		)	172.0
Total revenues	259.8		83.4		324.0		14.4		(24.5		)	657.1
Costs and expenses	192.6		67.3		304.7		8.7		(22.0		)	551.3
Depreciation and amortization	15.5		4.7		11.0		2.6		(0.7		)	33.1
Income (loss) from operations	51.7		11.4		8.3		3.1		(1.8		)	72.7
Other income, net	1.9				0.5		26.0					28.4
Equity in earnings of unconsolidated affiliates	8.1		0.1				1.3					9.5
Earnings (loss) before interest and income taxes	$	61.7	$	11.5	$	8.8	$	30.4	$	(1.8	)	$	110.6

	Three Months Ended June 30, 2012
	Financial Services		Healthcare Services		Customer Communications		Investments / Other			Elimination Adjustments			Consolidated Total
Operating revenues	$	229.6	$	75.8	$	156.5	$	3.6		$			$	465.5
Intersegment operating revenues	10.8				2.2		11.5			(24.5		)
Out-of-pocket reimbursements	11.7		1.4		156.1					(1.9		)	167.3
Total revenues	252.1		77.2		314.8		15.1			(26.4		)	632.8
Costs and expenses	189.0		64.3		299.1		11.0			(23.8		)	539.6
Depreciation and amortization	23.0		4.2		11.1		4.6			(0.6		)	42.3
Income (loss) from operations	40.1		8.7		4.6		(0.5		)	(2.0		)	50.9
Other income, net	0.6						193.6						194.2
Equity in earnings of unconsolidated affiliates	0.9						0.5						1.4
Earnings (loss) before interest and income taxes	$	41.6	$	8.7	$	4.6	$	193.6		$	(2.0	)	$	246.5

Earnings before interest and income taxes in the segment reporting information above less interest expense of $9.3 million and $11.7 million for the three months endedJune 30, 2013 and 2012 is equal to the Company’s income before income taxes on a consolidated basis for the corresponding periods.

	Six Months Ended June 30, 2013
	Financial Services			Healthcare Services		Customer Communications			Investments / Other		Elimination Adjustments			Consolidated Total
Operating revenues	$	476.4		$	162.0	$	334.0		$	7.9	$			$	980.3
Intersegment operating revenues	21.1					4.0			20.8		(45.9		)
Out-of-pocket reimbursements	23.1			2.7		337.1					(3.7		)	359.2
Total revenues	520.6			164.7		675.1			28.7		(49.6		)	1,339.5
Costs and expenses	390.2			136.8		625.8			17.5		(44.4		)	1,125.9
Depreciation and amortization	31.3			9.4		21.8			5.1		(1.3		)	66.3
Income (loss) from operations	99.1			18.5		27.5			6.1		(3.9		)	147.3
Other income (loss), net	(2.6		)	0.1		(0.3		)	104.4					101.6
Equity in earnings of unconsolidated affiliates	11.6			0.2		0.1			3.2					15.1
Earnings (loss) before interest and income taxes	$	108.1		$	18.8	$	27.3		$	113.7	$	(3.9	)	$	264.0

	Six Months Ended June 30, 2012
	Financial Services		Healthcare Services		Customer Communications		Investments / Other		Elimination Adjustments			Consolidated Total
Operating revenues	$	463.8	150.7		$	319.9	$	7.0	$			$	941.4
Intersegment operating revenues	21.6				4.2		22.5		(48.3		)
Out-of-pocket reimbursements	24.9		2.7		320.8		0.1		(3.9		)	344.6
Total revenues	510.3		153.4		644.9		29.6		(52.2		)	1,286.0
Costs and expenses	383.2		131.4		611.0		20.0		(46.9		)	1,098.7
Depreciation and amortization	39.3		8.9		22.1		7.3		(1.3		)	76.3
Income (loss) from operations	87.8		13.1		11.8		2.3		(4.0		)	111.0
Other income, net	5.4		0.2				218.3					223.9
Equity in earnings of unconsolidated affiliates	5.3		0.1		0.2		1.1					6.7
Earnings (loss) before interest and income taxes	$	98.5	$	13.4	$	12.0	$	221.7	$	(4.0	)	341.6

Earnings before interest and income taxes in the segment reporting information above less interest expense of $18.9 million and $23.4 million for the six months endedJune 30, 2013 and 2012 is equal to the Company’s income before income taxes on a consolidated basis for the corresponding periods.

	Year Ended December 31, 2012
	Financial Services		Healthcare Services		Customer Communications			Investments / Other			Elimination Adjustments			Consolidated Total
Operating revenues	$	935.0	300.6		$	642.0		$	14.8		$			$	1,892.4
Intersegment operating revenues	43.6				8.0			44.1			(95.7		)
Out-of-pocket reimbursements	49.7		5.1		636.7			0.3			(7.6		)	684.2
Total revenues	1,028.3		305.7		1,286.7			59.2			(103.3		)	2,576.6
Costs and expenses	777.0		255.9		1,214.9			47.9			(92.8		)	2,202.9
Depreciation and amortization (including goodwill and impairment)	74.3		17.7		107.4			19.6			(2.6		)	216.4
Income (loss) from operations	177.0		32.1		(35.6		)	(8.3		)	(7.9		)	157.3
Other income, net	8.1		0.3		0.1			365.0						373.5
Equity in earnings of unconsolidated affiliates	27.6		0.3		0.5			3.8						32.2
Earnings (loss) before interest and income taxes	$	212.7	$	32.7	$	(35.0	)	$	360.5		$	(7.9	)	$	563.0

	Year Ended December 31, 2011
	Financial Services		Healthcare Services			Customer Communications		Investments / Other			Elimination Adjustments			Consolidated Total
Operating revenues	$	858.8	270.8			$	602.1	$	12.3		$			$	1,744.0
Intersegment operating revenues	40.4					7.7		44.0			(92.1		)
Out-of-pocket reimbursements	36.8		5.3			607.0		1.6			(6.0		)	644.7
Total revenues	936.0		276.1			1,216.8		57.9			(98.1		)	2,388.7
Costs and expenses	657.2		240.5			1,148.9		38.0			(87.6		)	1,997.0
Depreciation and amortization	56.9		19.6			46.7		11.0			(2.6		)	131.6
Income (loss) from operations	221.9		16.0			21.2		8.9			(7.9		)	260.1
Other income (loss), net	8.0		(1.4		)	0.1		32.0						38.7
Equity in earnings (losses) of unconsolidated affiliates	22.0					0.6		(0.9		)				21.7
Earnings (loss) before interest and income taxes	$	251.9	$	14.6		$	21.9	$	40.0		$	(7.9	)	$	320.5

Earnings before interest and income taxes in the segment reporting information above less interest expense of $43.5 million and $46.5 million for the years ended December 31, 2012 and 2011 is equal to the Company’s income before income taxes on a consolidated basis for the corresponding periods.