XML 72 R60.htm IDEA: XBRL DOCUMENT v3.5.0.2
Supplemental Guarantor Condensed Consolidating Financial Statements - Schedule of Operations (Details) - 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
Interest income (expense) from intercompany notes 0 0 0 0
Other income (expense) 38 (24) 44 11
Equity earnings from consolidated subsidiaries 0 0 0 0
Income (loss) before income taxes and equity earnings in affiliates 175 (20) 110 (131)
Income tax (benefit) 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)
Comprehensive income (loss) 174 71 104 (159)
Less: Comprehensive income attributable to noncontrolling interests and redeemable noncontrolling interest 62 62 114 100
Comprehensive income (loss) attributable to First Data Corporation, net of tax 112 9 (10) (259)
Reportable Legal Entities | FDC Parent Company        
Revenues:        
Transaction and processing service fees 0 0 0 0
Product sales and other 0 0 0 0
Total revenues (excluding reimbursable items) 0 0 0 0
Reimbursable PIN debit fees, postage, and other 0 0 0 0
Total revenues 0 0 0 0
Expenses:        
Cost of services (exclusive of items shown below) 0 0 0 0
Cost of products sold 0 0 0 0
Selling, general, and administrative 39 27 205 59
Depreciation and amortization 2 5 3 9
Other operating expenses 0 7 12 6
Total expenses (excluding reimbursable items) 41 39 220 74
Reimbursable PIN debit fees, postage, and other 0 0 0 0
Total expenses 41 39 220 74
Operating (loss) profit (41) (39) (220) (74)
Interest expense, net (278) (403) (534) (805)
Loss on debt extinguishment (9)   (55)  
Interest income (expense) from intercompany notes 70 77 133 158
Other income (expense) 2 (30) 0 39
Equity earnings from consolidated subsidiaries 223 135 449 307
Income (loss) before income taxes and equity earnings in affiliates (33) (260) (227) (375)
Income tax (benefit) expense (185) (234) (323) (237)
Equity earnings in affiliates 0 0 0 0
Net income (loss) 152 (26) 96 (138)
Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest 0 0 0 0
Net income (loss) attributable to First Data Corporation 152 (26) 96 (138)
Comprehensive income (loss) 112 8 (10) (259)
Less: Comprehensive income attributable to noncontrolling interests and redeemable noncontrolling interest 0 0 0 0
Comprehensive income (loss) attributable to First Data Corporation, net of tax 112 8 (10) (259)
Reportable Legal Entities | Guarantor Subsidiaries        
Revenues:        
Transaction and processing service fees 975 980 1,923 1,894
Product sales and other 207 176 401 341
Total revenues (excluding reimbursable items) 1,182 1,156 2,324 2,235
Reimbursable PIN debit fees, postage, and other 644 627 1,266 1,228
Total revenues 1,826 1,783 3,590 3,463
Expenses:        
Cost of services (exclusive of items shown below) 394 372 800 777
Cost of products sold 81 60 151 113
Selling, general, and administrative 289 290 543 577
Depreciation and amortization 141 151 290 301
Other operating expenses 22 2 29 4
Total expenses (excluding reimbursable items) 927 875 1,813 1,772
Reimbursable PIN debit fees, postage, and other 644 627 1,266 1,228
Total expenses 1,571 1,502 3,079 3,000
Operating (loss) profit 255 281 511 463
Interest expense, net (4) (3) (9) (6)
Loss on debt extinguishment 0   0  
Interest income (expense) from intercompany notes (57) (79) (119) (156)
Other income (expense) 0 3 0 3
Equity earnings from consolidated subsidiaries 120 85 176 123
Income (loss) before income taxes and equity earnings in affiliates 314 287 559 427
Income tax (benefit) expense 145 197 260 200
Equity earnings in affiliates 61 55 116 103
Net income (loss) 230 145 415 330
Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest 0 0 0 0
Net income (loss) attributable to First Data Corporation 230 145 415 330
Comprehensive income (loss) 244 144 442 302
Less: Comprehensive income attributable to noncontrolling interests and redeemable noncontrolling interest 0 0 0 0
Comprehensive income (loss) attributable to First Data Corporation, net of tax 244 144 442 302
Reportable Legal Entities | Non-Guarantor Subsidiaries        
Revenues:        
Transaction and processing service fees 767 764 1,485 1,489
Product sales and other 137 118 254 223
Total revenues (excluding reimbursable items) 904 882 1,739 1,712
Reimbursable PIN debit fees, postage, and other 308 299 593 571
Total revenues 1,212 1,181 2,332 2,283
Expenses:        
Cost of services (exclusive of items shown below) 351 360 703 742
Cost of products sold 45 40 85 77
Selling, general, and administrative 195 209 387 410
Depreciation and amortization 95 96 183 193
Other operating expenses 2 10 4 10
Total expenses (excluding reimbursable items) 688 715 1,362 1,432
Reimbursable PIN debit fees, postage, and other 308 299 593 571
Total expenses 996 1,014 1,955 2,003
Operating (loss) profit 216 167 377 280
Interest expense, net (2) 1 (4) 0
Loss on debt extinguishment 0   0  
Interest income (expense) from intercompany notes (13) 2 (14) (2)
Other income (expense) 36 3 44 (31)
Equity earnings from consolidated subsidiaries 0 0 0 0
Income (loss) before income taxes and equity earnings in affiliates 237 173 403 247
Income tax (benefit) expense 68 47 96 50
Equity earnings in affiliates 7 8 16 11
Net income (loss) 176 134 323 208
Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest 15 18 34 34
Net income (loss) attributable to First Data Corporation 161 116 289 174
Comprehensive income (loss) 93 194 243 38
Less: Comprehensive income attributable to noncontrolling interests and redeemable noncontrolling interest 14 21 35 26
Comprehensive income (loss) attributable to First Data Corporation, net of tax 79 173 208 12
Consolidation Adjustments        
Revenues:        
Transaction and processing service fees (73) (77) (148) (150)
Product sales and other (37) (15) (69) (29)
Total revenues (excluding reimbursable items) (110) (92) (217) (179)
Reimbursable PIN debit fees, postage, and other 0 0 0 0
Total revenues (110) (92) (217) (179)
Expenses:        
Cost of services (exclusive of items shown below) (47) (77) (74) (150)
Cost of products sold (40) (15) (72) (29)
Selling, general, and administrative (23) 0 (71) 0
Depreciation and amortization 0 0 0 0
Other operating expenses 0 0 0 0
Total expenses (excluding reimbursable items) (110) (92) (217) (179)
Reimbursable PIN debit fees, postage, and other 0 0 0 0
Total expenses (110) (92) (217) (179)
Operating (loss) profit 0 0 0 0
Interest expense, net 0 0 0 0
Loss on debt extinguishment 0   0  
Interest income (expense) from intercompany notes 0 0 0 0
Other income (expense) 0 0 0 0
Equity earnings from consolidated subsidiaries (343) (220) (625) (430)
Income (loss) before income taxes and equity earnings in affiliates (343) (220) (625) (430)
Income tax (benefit) expense 0 0 0 0
Equity earnings in affiliates 0 0 0 0
Net income (loss) (343) (220) (625) (430)
Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest 48 41 79 74
Net income (loss) attributable to First Data Corporation (391) (261) (704) (504)
Comprehensive income (loss) (275) (275) (571) (240)
Less: Comprehensive income attributable to noncontrolling interests and redeemable noncontrolling interest 48 41 79 74
Comprehensive income (loss) attributable to First Data Corporation, net of tax $ (323) $ (316) $ (650) $ (314)
[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.