First Data Corporation (FDC) financial statements (2023 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)
Annual | Quarterly

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments555498385429358425608
Cash and cash equivalents555498385429358425608
Receivables2,2172,1761,8771,8261,7521,7641,848
Inventory, net of allowances, customer advances and progress billings1169877128908772
Inventory1169877128908772
Prepaid expense133156168 75142✕
Derivative instruments and hedges, assets     111
Prepaid expense and other current assets✕✕✕✕✕✕346
Other current assets  360381289345✕
Other undisclosed current assets11,49320,44414,5508,0227,3907,3128,999
Total current assets:14,51423,37217,41710,7869,95410,07611,883
Noncurrent Assets
Property, plant and equipment905951883951930849856
Long-term investments and receivables1,2751,0549881,0481,101186195
Long-term investments1,0551,0549881,0481,1011014
Accounts and financing receivable, after allowance for credit loss220    176181
Intangible assets, net (including goodwill)18,06418,31417,30017,45017,01717,24817,283
Goodwill17,46017,71016,69616,84617,01717,24817,283
Intangible assets, net (excluding goodwill)604604604604   
Derivative instruments and hedges     6390
Restricted cash and investments282730  45
Deferred costs     177218
Other noncurrent assets7371,063769812915835✕
Prepaid expense and other noncurrent assets✕✕✕✕✕✕825
Defined benefit plan, assets for plan benefits✕✕   73 
Deferred tax assets, net  159   
Other undisclosed noncurrent assets2,8043,4882,8903,3064,3535,7286,545
Total noncurrent assets:23,81324,89722,87523,57624,31525,16426,016
TOTAL ASSETS:38,32748,26940,29234,36234,26935,24037,899
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,6361,6591,5641,639280564568
Accounts payable276247206238280288261
Accrued liabilities724712685637   
Employee-related liabilities     277307
Interest and dividends payable147154169132   
Other undisclosed accounts payable and accrued liabilities489546504632   
Debt1,1701,271358856161146257
Derivative instruments and hedges, liabilities     160
Due to related parties     159
Deferred revenue and credits✕175149140   
Deferred tax liabilities    61 
Contract with customer, liability134✕✕✕✕✕✕
Other liabilities   1,6391,5321,6311,601
Other undisclosed current liabilities11,28920,18814,6466,3717,5517,2458,910
Total current liabilities:14,22923,29316,71710,6459,5319,61811,345
Noncurrent Liabilities
Long-term debt and lease obligation, including:16,42917,92718,13118,73720,71122,55722,529
Long-term debt, excluding current maturities210286215    
Other undisclosed long-term debt and lease obligation16,21917,64117,91618,73720,71122,55722,529
Liabilities, other than long-term debt5288861,2401,2431,3091,8411,960
Pension and other postretirement defined benefit plans, liabilities✕✕✕✕✕73103
Accrued income taxes✕✕✕✕✕329353
Deferred tax liabilities, net  409431521553510
Other liabilities528886831812788750822
Derivative instruments and hedges, liabilities     137172
Other undisclosed noncurrent liabilities9777   (538)(628)
Total noncurrent liabilities:17,05418,89019,37119,98022,02123,86023,860
Total liabilities:31,28342,18336,08830,62531,55133,47835,205
Temporary equity, carrying amount77727377706967
Stockholders' equity
Stockholders' equity attributable to parent, including:4,1733,1521,220668(452)(1,490)(599)
Additional paid in capital13,79113,49513,14912,9109,9067,3847,342
Accumulated other comprehensive loss(1,310)(1,144)(1,326)(1,219)(929)(589)(552)
Accumulated deficit(8,067)(9,059)(10,612)(11,032)(9,429)(8,285)(7,388)
Other undisclosed stockholders' equity attributable to parent(241)(140)99   
Stockholders' equity attributable to noncontrolling interest2,7942,8622,9112,9923,1003,1823,225
Total stockholders' equity:6,9676,0144,1313,6602,6481,6932,626
TOTAL LIABILITIES AND EQUITY:38,32748,26940,29234,36234,26935,24037,899

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues9,49812,05211,58411,45111,15210,80910,680
Cost of revenue(6,001)(6,895)(6,937)(6,914)(6,695)(6,706)(6,566)
Cost of goods and services sold (3,122)(3,192)(3,227)(3,079)(3,143)(3,200)
Gross profit:3,4975,1574,6474,5374,4574,1034,115
Operating expenses(1,602)(3,443)(3,045)(3,367)(3,017)(2,980)(3,041)
Operating income:1,8951,7141,6021,1701,4391,1231,074
Nonoperating income (expense)201161729(1,841)(1,917)(1,983)
Other nonoperating income (expense)(5)(2)1729161(47)(94)
Interest and debt expense(153)(80)(70)(1,068)(2,013)(1,881)(1,898)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(917)(937)(1,068)(1,537)2,0131,8811,898
Income (loss) from continuing operations before equity method investments, income taxes:1,026713481(1,406)(402)(794)(910)
Income from equity method investments221222260239220188158
Income (loss) from continuing operations before income taxes:1,247935741(1,167)(182)(606)(751)
Income tax expense (benefit)(49)729(81)(101)(82)(87)224
Net income (loss):1,1981,664660(1,268)(265)(692)(527)
Net loss attributable to noncontrolling interest(193)(199)(240)(213)(193)(177)(174)
Net income (loss) available to common stockholders, diluted:1,0051,465420(1,481)(458)(869)(701)

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):1,1981,664660(1,268)(265)(692)(527)
Other comprehensive income (loss)(173)282(112)(300)(351)(35)50
Comprehensive income (loss):1,0251,946548(1,568)(616)(727)(478)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(186)(211)(235)(203)182178177
Other undisclosed comprehensive loss, net of tax, attributable to parent    (364)(357)(354)
Comprehensive income (loss), net of tax, attributable to parent:8391,735313(1,771)(798)(906)(655)

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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