XML 14 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Transaction and processing service fees [1] $ 1,686 $ 1,669 $ 3,249 $ 3,260
Product sales and other [1] 349 307 668 586
Total revenues (excluding reimbursable items) 2,035 1,976 3,917 3,846
Reimbursable debit network fees, postage, and other 990 952 1,909 1,859
Total revenues 3,025 2,928 5,826 5,705
Expenses:        
Cost of services (exclusive of items shown below) 691 698 1,391 1,429
Cost of products sold 91 86 171 164
Selling, general, and administrative 518 500 1,043 1,064
Depreciation and amortization 237 238 465 476
Other operating expenses 29 24 51 45
Total expenses (excluding reimbursable items) 1,566 1,546 3,121 3,178
Reimbursable debit network fees, postage, and other 990 952 1,909 1,859
Total expenses 2,556 2,498 5,030 5,037
Operating (loss) profit 469 430 796 668
Interest expense, net (238) (284) (472) (547)
Loss on debt extinguishment (15) (9) (71) (55)
Other (expense) income (2) 38 (3) 44
Income before income taxes and equity earnings in affiliates 214 175 250 110
Income tax expense 28 28 40 33
Equity earnings in affiliates 57 68 112 132
Net income 243 215 322 209
Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest 58 63 101 113
Net income attributable to First Data Corporation $ 185 $ 152 $ 221 $ 96
Net income attributable to First Data Corporation per share:        
Basic (in dollars per share) $ 0.20 $ 0.17 $ 0.24 $ 0.11
Diluted (in dollars per share) $ 0.20 $ 0.17 $ 0.24 $ 0.10
Weighted-average common shares outstanding:        
Basic (in shares) 915 900 913 898
Diluted (in shares) 938 914 935 916
[1] Includes processing fees, administrative service fees, and other fees charged to merchant alliances accounted for under the equity method of $54 million and $106 million for the three and six months ended June 30, 2017, respectively, and $45 million and $98 million for the comparable periods in 2016.