FDC 2017 Annual Report

3 3 T h e r es ults of o p er ati o ns f or a n y p eri o d ar e n ot n e c ess aril y i n di c ati v e of t h e r es ults t o b e e x p e ct e d f or a n y f ut ur e p eri o d. T h e s el e ct e d c o ns oli d at e d fi n a n ci al d at a s et f ort h b el o w s h o ul d b e r e a d i n c o nj u n cti o n wit h, a n d ar e q u alifi e d b y r ef er e n c e t o " M a n a g e m e nt's Dis c ussi o n a n d A n al ysis of Fi n a n ci al C o n diti o n a n d R es ults of O p er ati o ns " a n d t h e c o ns oli d at e d fi n a n ci al st at e m e nts a n d r el at e d n ot es t h er et o i n cl u d e d i n P art II, It e m 8 of t his F or m 1 0- K. T h e n ot es t o o ur c o ns oli d at e d fi n a n ci al st at e m e nts i n P art II, It e m 8 of t his F or m 1 0- K c o nt ai n a d diti o n al i nf or m ati o n a b o ut v a ri o us a c q uisiti o ns, dis p ositi o ns, a n d c ert ai n c h ar g es a n d b e n efits r es ulti n g fr o m ot h er o p er ati n g e x p e ns es, a n d ot h er i n c o m e ( e x p e ns e ) w hi c h aff e ct t h e c o m p ar a bilit y of i nf or m ati o n pr es e nt e d. A m o u nts b el o w i n cl u d e a c q uisiti o ns si n c e t h e d at e a c q uir e d. D e c e m b e r 3 1, (i n milli o ns, e x c e pt p e r s h a re a m o u nts) 2 0 1 7 2 0 1 6 2 0 1 5 2 0 1 4 2 0 1 3 St at e m e nt of o p e r ati o ns d at a ( Ye a r- e n d): R e v e n u es $ 1 2, 0 5 2 $ 1 1, 5 8 4 $ 1 1, 4 5 1 $ 1 1, 1 5 2 $ 1 0, 8 0 9 T ot al r e v e n u es ( e x cl u di n g r ei m b urs a bl es) 8, 1 2 9 7, 8 3 9 7, 7 6 4 7, 5 4 8 7, 3 0 2 O p er ati n g e x p e ns es ( a) 1 0, 1 9 5 9, 9 2 1 1 0, 2 2 8 9, 7 0 1 9, 6 2 9 Ot h er o p er ati n g e x p e ns es, n et ( b) 1 4 3 6 1 5 3 1 3 5 6 T ot al e x p e ns es ( e x cl u di n g r ei m b urs a bl es) 6, 4 1 5 6, 2 3 7 6, 5 9 4 6, 1 1 0 6, 1 7 8 I nt er est e x p e ns e, n et ( 9 3 7) ( 1, 0 6 8) ( 1, 5 3 7) ( 1, 7 2 8) ( 1, 8 5 6) N et i n c o m e (l oss) 1, 6 6 4 6 6 0 ( 1, 2 6 8) ( 2 6 5) ( 7 7 5) N et i n c o m e (l oss) attri b ut a bl e t o First D at a C or p or ati o n 1, 4 6 5 4 2 0 ( 1, 4 8 1) ( 4 5 8) ( 9 5 2) D e pr e ci ati o n a n d a m orti z ati o n ( c) 1, 0 7 3 1, 0 6 1 1, 1 3 3 1, 1 6 3 1, 2 1 2 N et i n c o m e (l oss) p e r s h a r e ( d): B asi c $ 1. 6 0 $ 0. 4 7 $ ( 7. 7 0) $ ( 4 5 8, 0 0 0) $ ( 9 5 2, 0 0 0) Dil ut e d 1. 5 6 0. 4 6 ( 7. 7 0) ( 4 5 8, 0 0 0) ( 9 5 2, 0 0 0) W ei g ht e d- a v e r a g e c o m m o n s h a res o utst a n di n g ( d): B asi c (f) 9 1 6 9 0 2 1 9 2 — — Dil ut e d (f) 9 4 0 9 2 1 1 9 2 — — B al a n c e s h e et d at a ( As of y e a r- e n d): T ot al ass ets $ 4 8, 2 6 9 $ 4 0, 2 9 2 $ 3 4, 3 6 2 $ 3 4, 0 3 4 $ 3 4, 9 6 2 S ettl e m e nt ass ets 2 0, 3 6 3 1 4, 7 9 5 8, 1 5 0 7, 5 5 7 7, 5 5 3 T ot al li a biliti es 4 2, 1 8 3 3 6, 0 8 8 3 0, 6 2 5 3 1, 4 3 4 3 3, 3 1 8 S ettl e m e nt o bli g ati o ns 2 0, 3 6 3 1 4, 7 9 5 8, 1 5 0 7, 5 5 7 7, 5 5 3 L o n g-t er m b orr o wi n gs 1 7, 9 2 7 1 8, 1 3 1 1 8, 7 3 7 2 0, 6 9 7 2 2, 4 9 9 Ot h er l o n g-t er m li a biliti es ( e) 9 6 3 1, 2 4 0 1, 2 4 3 1, 2 2 3 1, 2 0 2 R e d e e m a bl e n o n c o ntr olli n g i nt er est 7 2 7 3 7 7 7 0 6 9 T ot al e q uit y 6, 0 1 4 4, 1 3 1 3, 6 6 0 2, 5 3 0 1, 5 7 5 C as h fl o w d at a ( Ye a r- e n d): N et c as h pr o vi d e d b y o p er ati n g a cti viti es $ 2, 0 4 7 $ 2, 1 1 1 $ 7 9 5 $ 1, 0 3 5 $ 7 1 5 N et c as h us e d i n i n v esti n g a cti viti es ( 1, 9 5 0) ( 3 8 7) ( 6 8 5) ( 3 2 9) ( 3 5 3) N et c as h pr o vi d e d b y ( us e d i n) fi n a n ci n g a cti viti es 9 ( 1, 7 3 4) ( 1 6) ( 7 4 3) ( 5 3 2) ( a) O p er ati n g e x p e ns es i n cl u d e C ost of s er vi c es; C ost of pr o d u cts s ol d; S elli n g, g e n er al, a n d a d mi nistr ati v e; D e pr e ci ati o n a n d a m orti z ati o n; a n d R ei m b urs a bl e d e bit n et w or k f e es, p ost a g e a n d ot h er. ( b) Ot h er o p er ati n g e x p e ns es, n et i n cl u d es r estr u ct uri n g, n et; i m p air m e nts; liti g ati o n a n d r e g ul at or y s ettl e m e nts; i nt e gr ati o n c ost a n d ot h er as a p pli c a bl e t o t h e p eri o ds pr es e nt e d. S e e n ot e 1 0 " Ot h er O p er ati n g E x p e ns es" t o o ur c o ns oli d at e d fi n a n ci al st at e m e nts i n P art II, It e m 8 of t his F or m 1 0- K f or d et ails. ( c) I n cl u d es a m orti z ati o n of i niti al p a y m e nts f or n e w c o ntr a cts, w hi c h is r e c or d e d as a c o ntr a-r e v e n u e wit hi n “ Tr a ns a cti o n a n d pr o c essi n g s er vi c e f e es ” a n d a m orti z ati o n r el at e d t o e q uit y m et h o d i n v est m e nts, w hi c h is n ett e d wit hi n “ E q uit y e ar ni n gs i n affili at es ” i n o ur c o ns oli d at e d st at e m e nts of o p er ati o ns. ( d) As a r es ult of t h e H ol d C o M er g er, all o utst a n di n g s h ar es of F D H w er e c o n v ert e d i nt o Cl ass B c o m m o n st o c k, w hi c h ar e e ntitl ed t o t e n v ot es p er s h ar e. All of F D C's o utst a n di n g c o m m o n st o c k w as eli mi n at e d u p o n t h e m er g er. We a c c o u nt e d f or t h e H ol d C o M er g er as a tr a nsf er of ass ets b et w e e n e ntiti es u n d er c o m m o n c o ntr ol a n d h a v e r efl e ct e d t h e tr a ns a cti o ns i m p a ct o n n et l oss p er s h ar e a n d w ei g ht e d- a v er a g e s h ar es o n a pr os p e cti v e b asis. ( e) Ot h er l o n g-t er m li a biliti es i n cl u d e D ef err e d t a x li a biliti es. (f) Pri or t o o ur I niti al P u bli c Off eri n g i n 2 0 1 5, w e h a d 1, 0 0 0 s h ar es of c o m m o n st o c k t h at w as eli mi n at e d u p o n t h e m er g er wit h First D at a H ol di n gs.