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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Transaction and processing service fees [1] $ 1,669 $ 1,667 $ 3,260 $ 3,233
Product sales and other [1] 307 279 586 535
Total revenues (excluding reimbursable items) 1,976 1,946 3,846 3,768
Reimbursable PIN debit fees, postage, and other 952 926 1,859 1,799
Total revenues 2,928 2,872 5,705 5,567
Expenses:        
Cost of services (exclusive of items shown below) 698 655 1,429 1,369
Cost of products sold 86 85 164 161
Selling, general, and administrative 500 526 1,064 1,046
Depreciation and amortization 238 252 476 503
Other operating expenses 24 19 45 20
Total expenses (excluding reimbursable items) 1,546 1,537 3,178 3,099
Reimbursable PIN debit fees, postage, and other 952 926 1,859 1,799
Total expenses 2,498 2,463 5,037 4,898
Operating (loss) profit 430 409 668 669
Interest expense, net (284) (405) (547) (811)
Loss on debt extinguishment (9) 0 (55) 0
Other income (expense) 38 (24) 44 11
Income (loss) before income taxes and equity earnings in affiliates 175 (20) 110 (131)
Income tax expense 28 10 33 13
Equity earnings in affiliates 68 63 132 114
Net income (loss) 215 33 209 (30)
Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest 63 59 113 108
Net income (loss) attributable to First Data Corporation $ 152 $ (26) $ 96 $ (138)
Net income (loss) per share:        
Basic (in dollars per share) $ 0.17 $ (26,000) $ 0.11 $ (138,000)
Diluted (in dollars per share) $ 0.17 $ (26,000) $ 0.10 $ (138,000)
Weighted-average common shares outstanding:        
Basic (in shares) 899,874,086 1,000 897,798,717 1,000
Diluted (in shares) 914,428,682 1,000 916,324,626 1,000
[1] Includes processing fees, administrative service fees, and other fees charged to merchant alliances accounted for under the equity method of $45 million and $98 million for the three and six months ended June 30, 2016, respectively, and $48 million and $98 million for the comparable periods in 2015.