First Data Corporation (FDC) financial statements (2020 and earlier)

Company profile

Business Address 225 LIBERTY STREET
NEW YORK, NY 10281
State of Incorp. DE
Fiscal Year End December 31
SIC 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

6/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 555498385429358425
Cash and cash equivalents 555498385429358425
Receivables 2,2172,1761,8771,8261,7521,764
Inventory, net of allowances, customer advances and progress billings 11698771289087
Inventory 11698771289087
Prepaid expense 133156168 75142
Derivative instruments and hedges, assets      1
Other current assets   360381289345
Other undisclosed current assets 11,49320,44414,5508,0227,3907,312
Total current assets: 14,51423,37217,41710,7869,95410,076
Noncurrent Assets
Property, plant and equipment 905951883951930849
Long-term investments and receivables 1,2751,0549881,0481,101186
Long-term investments 1,0551,0549881,0481,10110
Accounts and financing receivable, after allowance for credit loss 220    176
Intangible assets, net (including goodwill) 18,06418,31417,30017,45017,01717,248
Goodwill 17,46017,71016,69616,84617,01717,248
Intangible assets, net (excluding goodwill) 604604604604  
Derivative instruments and hedges      63
Restricted cash and investments 282730  4
Deferred costs      177
Other noncurrent assets 7371,063769812915835
Defined benefit plan, assets for plan benefits   73
Deferred tax assets, net  159  
Other undisclosed noncurrent assets 2,8043,4882,8903,3064,3535,728
Total noncurrent assets: 23,81324,89722,87523,57624,31525,164
TOTAL ASSETS: 38,32748,26940,29234,36234,26935,240
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 1,6361,6591,5641,639280564
Accounts payable 276247206238280288
Accrued liabilities 724712685637  
Employee-related liabilities      277
Interest and dividends payable 147154169132  
Other undisclosed accounts payable and accrued liabilities 489546504632  
Debt 1,1701,271358856161146
Derivative instruments and hedges, liabilities      16
Due to related parties      15
Deferred revenue and credits175149140  
Deferred tax liabilities    61
Contract with customer, liability134
Other liabilities    1,6391,5321,631
Other undisclosed current liabilities 11,28920,18814,6466,3717,5517,245
Total current liabilities: 14,22923,29316,71710,6459,5319,618
Noncurrent Liabilities
Long-term debt and lease obligation, including: 16,42917,92718,13118,73720,71122,557
Long-term debt, excluding current maturities 210286215   
Other undisclosed long-term debt and lease obligation 16,21917,64117,91618,73720,71122,557
Liabilities, other than long-term debt 5288861,2401,2431,3091,841
Pension and other postretirement defined benefit plans, liabilities73
Accrued income taxes329
Deferred tax liabilities, net  409431521553
Other liabilities 528886831812788750
Derivative instruments and hedges, liabilities      137
Other undisclosed noncurrent liabilities 9777   (538)
Total noncurrent liabilities: 17,05418,89019,37119,98022,02123,860
Total liabilities: 31,28342,18336,08830,62531,55133,478
Temporary equity, carrying amount 777273777069
Stockholders' equity
Stockholders' equity attributable to parent, including: 4,1733,1521,220668(452)(1,490)
Additional paid in capital 13,79113,49513,14912,9109,9067,384
Accumulated other comprehensive loss (1,310)(1,144)(1,326)(1,219)(929)(589)
Accumulated deficit (8,067)(9,059)(10,612)(11,032)(9,429)(8,285)
Other undisclosed stockholders' equity attributable to parent (241)(140)99  
Stockholders' equity attributable to noncontrolling interest 2,7942,8622,9112,9923,1003,182
Total stockholders' equity: 6,9676,0144,1313,6602,6481,693
TOTAL LIABILITIES AND EQUITY: 38,32748,26940,29234,36234,26935,240

Income statement (P&L) ($ in millions)

6/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 9,49812,05211,58411,45111,15210,809
Cost of revenue (6,001)(6,895)(6,937)(6,914)(6,695)(6,706)
Cost of goods and services sold  (3,122)(3,192)(3,227)(3,079)(3,143)
Gross profit: 3,4975,1574,6474,5374,4574,103
Operating expenses (1,602)(3,443)(3,045)(3,367)(3,017)(2,980)
Operating income: 1,8951,7141,6021,1701,4391,123
Nonoperating income (expense) 201161729(1,841)(1,917)
Other nonoperating income (expense) (5)(2)1729161(47)
Interest and debt expense (153)(80)(70)(1,068)(2,013)(1,881)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (917)(937)(1,068)(1,537)2,0131,881
Income (loss) from continuing operations before equity method investments, income taxes: 1,026713481(1,406)(402)(794)
Income from equity method investments 221222260239220188
Income (loss) from continuing operations before income taxes: 1,247935741(1,167)(182)(606)
Income tax expense (benefit) (49)729(81)(101)(82)(87)
Net income (loss): 1,1981,664660(1,268)(265)(692)
Net loss attributable to noncontrolling interest (193)(199)(240)(213)(193)(177)
Net income (loss) available to common stockholders, diluted: 1,0051,465420(1,481)(458)(869)

Comprehensive Income ($ in millions)

6/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss): 1,1981,664660(1,268)(265)(692)
Other comprehensive income (loss) (173)282(112)(300)(351)(35)
Comprehensive income (loss): 1,0251,946548(1,568)(616)(727)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (186)(211)(235)(203)182178
Other undisclosed comprehensive loss, net of tax, attributable to parent     (364)(357)
Comprehensive income (loss), net of tax, attributable to parent: 8391,735313(1,771)(798)(906)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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