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Selected Quarterly Financial Results (Unaudited)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Results (Unaudited)
Selected Quarterly Financial Results (Unaudited)
 
The following tables show a summary of the Company’s quarterly financial information for each of the four quarters of 2016 and 2015:
 
 
2016
(in millions, except per share amounts)
 
First
 
Second
 
Third
 
Fourth
Revenues
 
$
2,777

 
$
2,928

 
$
2,936

 
$
2,943

Expenses
 
2,539

 
2,498

 
2,482

 
2,463

Operating profit
 
$
238

 
$
430

 
$
454

 
$
480

Net (loss) income
 
$
(6
)
 
$
215

 
$
200

 
$
251

Net (loss) income attributable to First Data Corporation
 
(56
)
 
152

 
132

 
192

Net (loss) income per share:
 
 
 
 
 
 
 
 
Basic
 
(0.06
)
 
0.17

 
0.15

 
0.21

Diluted
 
(0.06
)
 
0.17

 
0.14

 
0.21

 
 
 
 
 
 
 
 
 
 
 
2015
(in millions, except per share amounts)
 
First
 
Second
 
Third
 
Fourth
Revenues
 
$
2,695

 
$
2,872

 
$
2,920

 
$
2,964

Expenses
 
2,435

 
2,463

 
2,518

 
2,865

Operating profit
 
$
260


$
409


$
402


$
99

Net (loss) income
 
$
(63
)

$
33


$
(75
)

$
(1,163
)
Net loss attributable to First Data Corporation
 
(112
)

(26
)

(126
)

(1,217
)
Net loss per share, basic and diluted (a)
 
(112,000
)
 
(26,000
)
 
(126,000
)
 
(1.60
)


(a)
As a result of the prospective treatment of the HoldCo Merger, as discussed within note 1 "Summary of Significant Accounting Policies", net loss per share was computed using 1,000 shares outstanding for the first, second, and third quarters of 2015 and 763 million for the fourth quarter of 2015.