First Data Corporation (FDC) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
225 LIBERTY STREET NEW YORK, NY 10281 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (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 MRQ | 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 | 555 | 498 | 385 | 429 | 358 | 425 | |||
| Cash and cash equivalents | 555 | 498 | 385 | 429 | 358 | 425 | |||
| Receivables | 2,217 | 2,176 | 1,877 | 1,826 | 1,752 | 1,764 | |||
| Inventory, net of allowances, customer advances and progress billings | 116 | 98 | 77 | 128 | 90 | 87 | |||
| Inventory | 116 | 98 | 77 | 128 | 90 | 87 | |||
| Prepaid expense | 133 | 156 | 168 | 75 | 142 | ||||
| Derivative instruments and hedges, assets | 1 | ||||||||
| Other current assets | 360 | 381 | 289 | 345 | |||||
| Other undisclosed current assets | 11,493 | 20,444 | 14,550 | 8,022 | 7,390 | 7,312 | |||
| Total current assets: | 14,514 | 23,372 | 17,417 | 10,786 | 9,954 | 10,076 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 905 | 951 | 883 | 951 | 930 | 849 | |||
| Long-term investments and receivables | 1,275 | 1,054 | 988 | 1,048 | 1,101 | 186 | |||
| Long-term investments | 1,055 | 1,054 | 988 | 1,048 | 1,101 | 10 | |||
| Accounts and financing receivable, after allowance for credit loss | 220 | 176 | |||||||
| Intangible assets, net (including goodwill) | 18,064 | 18,314 | 17,300 | 17,450 | 17,017 | 17,248 | |||
| Goodwill | 17,460 | 17,710 | 16,696 | 16,846 | 17,017 | 17,248 | |||
| Intangible assets, net (excluding goodwill) | 604 | 604 | 604 | 604 | |||||
| Derivative instruments and hedges | 63 | ||||||||
| Restricted cash and investments | 28 | 27 | 30 | 4 | |||||
| Deferred costs | 177 | ||||||||
| Other noncurrent assets | 737 | 1,063 | 769 | 812 | 915 | 835 | |||
| Defined benefit plan, assets for plan benefits | ✕ | ✕ | ✕ | 73 | |||||
| Deferred tax assets, net | 15 | 9 | |||||||
| Other undisclosed noncurrent assets | 2,804 | 3,488 | 2,890 | 3,306 | 4,353 | 5,728 | |||
| Total noncurrent assets: | 23,813 | 24,897 | 22,875 | 23,576 | 24,315 | 25,164 | |||
| TOTAL ASSETS: | 38,327 | 48,269 | 40,292 | 34,362 | 34,269 | 35,240 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 1,636 | 1,659 | 1,564 | 1,639 | 280 | 564 | |||
| Interest and dividends payable | 147 | 154 | 169 | 132 | |||||
| Employee-related liabilities | 277 | ||||||||
| Accounts payable | 276 | 247 | 206 | 238 | 280 | 288 | |||
| Accrued liabilities | 724 | 712 | 685 | 637 | |||||
| Other undisclosed accounts payable and accrued liabilities | 489 | 546 | 504 | 632 | |||||
| Debt | 1,170 | 1,271 | 358 | 856 | 161 | 146 | |||
| Derivative instruments and hedges, liabilities | 16 | ||||||||
| Other liabilities | 1,639 | 1,532 | 1,631 | ||||||
| Deferred revenue and credits | ✕ | ✕ | 175 | 149 | 140 | ||||
| Deferred tax liabilities | 6 | 1 | |||||||
| Due to related parties | 15 | ||||||||
| Contract with customer, liability | 134 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Other undisclosed current liabilities | 11,289 | 20,188 | 14,646 | 6,371 | 7,551 | 7,245 | |||
| Total current liabilities: | 14,229 | 23,293 | 16,717 | 10,645 | 9,531 | 9,618 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 16,429 | 17,927 | 18,131 | 18,737 | 20,711 | 22,557 | |||
| Long-term debt, excluding current maturities | 210 | 286 | 215 | ||||||
| Other undisclosed long-term debt and lease obligation | 16,219 | 17,641 | 17,916 | 18,737 | 20,711 | 22,557 | |||
| Liabilities, other than long-term debt | 528 | 886 | 1,240 | 1,243 | 1,309 | 1,841 | |||
| Pension and other postretirement defined benefit plans, liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 73 | ||
| Accrued income taxes | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 329 | ||
| Deferred tax liabilities, net | 409 | 431 | 521 | 553 | |||||
| Other liabilities | 528 | 886 | 831 | 812 | 788 | 750 | |||
| Derivative instruments and hedges, liabilities | 137 | ||||||||
| Other undisclosed noncurrent liabilities | 97 | 77 | (538) | ||||||
| Total noncurrent liabilities: | 17,054 | 18,890 | 19,371 | 19,980 | 22,021 | 23,860 | |||
| Total liabilities: | 31,283 | 42,183 | 36,088 | 30,625 | 31,551 | 33,478 | |||
| Temporary equity, carrying amount | 77 | 72 | 73 | 77 | 70 | 69 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 4,173 | 3,152 | 1,220 | 668 | (452) | (1,490) | |||
| Additional paid in capital | 13,791 | 13,495 | 13,149 | 12,910 | 9,906 | 7,384 | |||
| 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 equity, attributable to parent | (241) | (140) | 9 | 9 | |||||
| Equity, attributable to noncontrolling interest | 2,794 | 2,862 | 2,911 | 2,992 | 3,100 | 3,182 | |||
| Total equity: | 6,967 | 6,014 | 4,131 | 3,660 | 2,648 | 1,693 | |||
| TOTAL LIABILITIES AND EQUITY: | 38,327 | 48,269 | 40,292 | 34,362 | 34,269 | 35,240 | |||
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 | 9,498 | 12,052 | 11,584 | 11,451 | 11,152 | 10,809 | ||
| 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: | 3,497 | 5,157 | 4,647 | 4,537 | 4,457 | 4,103 | ||
| Operating expenses | (1,602) | (3,443) | (3,045) | (3,367) | (3,017) | (2,980) | ||
| Operating income: | 1,895 | 1,714 | 1,602 | 1,170 | 1,439 | 1,123 | ||
| Nonoperating income (expense) | 201 | 16 | 17 | 29 | (1,841) | (1,917) | ||
| Other nonoperating income (expense) | (5) | (2) | 17 | 29 | 161 | (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) | 2,013 | 1,881 | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 1,026 | 713 | 481 | (1,406) | (402) | (794) | ||
| Income from equity method investments | 221 | 222 | 260 | 239 | 220 | 188 | ||
| Income (loss) from continuing operations before income taxes: | 1,247 | 935 | 741 | (1,167) | (182) | (606) | ||
| Income tax expense (benefit) | (49) | 729 | (81) | (101) | (82) | (87) | ||
| Income (loss) from continuing operations: | 1,198 | 1,664 | 660 | (1,268) | (265) | (692) | ||
| Income (loss) before gain (loss) on sale of properties: | 1,198 | 1,664 | 660 | (1,268) | (265) | (692) | ||
| Net income (loss): | 1,198 | 1,664 | 660 | (1,268) | (265) | (692) | ||
| Net loss attributable to noncontrolling interest | (193) | (199) | (240) | (213) | (193) | (177) | ||
| Net income (loss) available to common stockholders, diluted: | 1,005 | 1,465 | 420 | (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): | 1,198 | 1,664 | 660 | (1,268) | (265) | (692) | ||
| Other comprehensive income (loss) | (173) | 282 | (112) | (300) | (351) | (35) | ||
| Comprehensive income (loss): | 1,025 | 1,946 | 548 | (1,568) | (616) | (727) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (186) | (211) | (235) | (203) | 182 | 178 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (364) | (357) | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 839 | 1,735 | 313 | (1,771) | (798) | (906) | ||
Statements Sources
The financial statements are based on the Company's filings with 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.