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First Data Corp (FDC) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

First Data Corp

CIK: 883980 Ticker: FDC
EXHIBIT 99.1

First Data Reports Fourth Quarter 2015 Financial Results

Record quarterly results since privatization for GAAP Consolidated revenue, Segment revenue and Adjusted EBITDA

Q4 GAAP Consolidated revenue of $3.0 billion, up 3%; up 5% excluding currency impacts

Q4 Segment revenue of $1.8 billion, up 2%; up 4% excluding currency impacts

Q4 Adjusted EBITDA of $762 million, up 7%; Adjusted EBITDA margin expands 200 basis points to 41.6%

Q4 GAAP Net loss of $1.2 billion due to $1.3 billion of debt extinguishment charges and one-time IPO-triggered expenses

Adjusted net income of $299 million, up 58%, driven by improved operating results and lower interest expense

Significant balance sheet actions, reducing annualized cash interest to $1.0 billion, a $0.5 billion reduction

NEW YORK, February 9, 2016 -
First Data Corporation (NYSE: FDC), a global leader in commerce-enabling technology and solutions, today reported financial results for the fourth quarter ended December 31, 2015. Consolidated revenue for the fourth quarter was $3.0 billion, up 3% versus the prior year period, or up 5% excluding currency impacts. Segment revenue, which modifies consolidated revenue for pass-through items and other impacts, was $1.8 billion for the quarter, up 2% versus the prior year period, or up 4% excluding currency impacts. Fourth quarter constant currency Segment revenue growth was 5% excluding the net impact of the GBS EMEA portfolio sale in the prior year period, an adverse difference in the year over year timing of security software revenue, and a benefit from a change in contract terms for a client in the NSS segment in the fourth quarter of 2015.

For the fourth quarter 2015, the net loss attributable to First Data was $1.2 billion, which compares to net income of $12 million in the prior year period. The decline was driven by debt extinguishment charges and one-time IPO-triggered expenses which totaled $1.3 billion in the fourth quarter. Adjusted Net Income, which modifies net income for items such as debt extinguishment charges, stock-based compensation, amortization of acquisition intangibles, restructuring costs and other non-normal course items, was $299 million, up $110 million or 58% versus the prior year period, driven by improved operating results and lower interest expense.



The following information was filed by First Data Corp (FDC) on Wednesday, February 10, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Schedule Ii-valuation And Qualifying Accounts
Schedule Ii-valuation And Qualifying Accounts (details)
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (loss)
Consolidated Statements Of Equity
Consolidated Statements Of Equity (parenthetical)
Consolidated Statements Of Operations
Consolidated Statements Of Operations (parenthetical)
Acquisitions And Dispositions
Acquisitions And Dispositions - Acquisitions (details)
Acquisitions And Dispositions - Dispositions (details)
Borrowings
Borrowings (tables)
Borrowings - 10.625% Senior Unsecured Notes Due 2021 (details)
Borrowings - 11.25% Senior Unsecured Notes Due 2021 (details)
Borrowings - 11.75% Senior Unsecured Subordinated Notes Due 2021 (details)
Borrowings - 12.625% Senior Unsecured Notes (details)
Borrowings - 5.0% Senior Secured First Lien Notes (details)
Borrowings - 5.375% Senior Secured First Lien Notes (details)
Borrowings - 5.75% Senior Secured Second Lien Notes (details)
Borrowings - 7.0% Senior Unsecured Notes Due 2023 (details)
Borrowings - 7.375% Senior Secured First Lien Notes (details)
Borrowings - 8.25% And 8.75% Senior Secured Second Lien Notes (details)
Borrowings - 8.875% Senior Secured First Lien Notes (details)
Borrowings - Accounts Receivable Securitization Agreement (details)
Borrowings - Foreign Lines Of Credit And Other Arrangements (details)
Borrowings - Guarantees And Covenants (details)
Borrowings - Maturities (details)
Borrowings - Schedule Of Borrowings (details)
Borrowings - Senior Secured Revolving Credit Facility (details)
Borrowings - Senior Secured Term Loan Facility (details)
Borrowings - Senior Secured Term Loan Facility Due July 2022 (details)
Borrowings - Senior Secured Term Loan Facility Due March 2017 (details)
Commitments And Contingencies
Commitments And Contingencies (tables)
Commitments And Contingencies - Narratives (details)
Commitments And Contingencies - Schedule Of Future Minimum Aggregate Rental Commitments Due Under All Noncancelable Operating Leases, Net Of Sublease Income (details)
Derivative Financial Instruments
Derivative Financial Instruments (tables)
Derivative Financial Instruments - Schedule Of Derivative Instruments (details)
Derivative Financial Instruments - Schedule Of The Effect Of Derivative Instruments On The Consolidated Statements Of Operations (details)
Derivative Financial Instruments - Summary Of Activity In Other Comprehensive Income Related To Derivative Instruments Classified As Cash Flow Hedges And As A Net Investment Hedge (details)
Employee Benefit Plans
Employee Benefit Plans (tables)
Employee Benefit Plans - Funded Status Of Plans (details)
Employee Benefit Plans - Narratives (details)
Employee Benefit Plans - Schedule Of Aggregate Amounts Charged To Expense (details)
Employee Benefit Plans - Schedule Of Estimated Future Benefit Payments, Which Reflect Expected Future Service (details)
Goodwill And Other Intangibles
Goodwill And Other Intangibles (tables)
Goodwill And Other Intangibles - Changes In Goodwill (details)
Goodwill And Other Intangibles - Components Of Other Intangibles (details)
Goodwill And Other Intangibles - Estimated Future Aggregate Amortization Expense (details)
Goodwill And Other Intangibles - Intangible Amortization Expense (details)
Goodwill And Other Intangibles - Narratives (details)
Income Taxes
Income Taxes (tables)
Income Taxes - Narratives (details)
Income Taxes - Schedule Of Approximate Amounts Associated With Accrued Interest Expense And The Cumulative Accrued Interest And Penalties (details)
Income Taxes - Schedule Of Approximate Amounts Of Federal, State And Foreign Net Operating Loss Carryforwards And Foreign Tax Credit, General Business Credit And Minimum Tax Credit Carryforwards (details)
Income Taxes - Schedule Of Components Of Pretax (loss) Income, (benefit) Provision For Income Taxes And Effective Income Tax Rate (details)
Income Taxes - Schedule Of Deferred Tax Assets And Liabilities Included In The Consolidated Balance Sheets (details)
Income Taxes - Schedule Of Effective Tax Rates Differ From Statutory Rates (details)
Income Taxes - Schedule Of Income Tax Provisions (benefits) (details)
Income Taxes - Schedule Of Principal Components Of Deferred Tax Items (details)
Income Taxes - Schedule Of Reconciliation Of The Unrecognized Tax Benefits (details)
Investment In Affiliates
Investment In Affiliates (tables)
Investment In Affiliates - Narratives (details)
Investment In Affiliates - Schedule Of Estimated Future Amortization Expense For Intangible Assets (details)
Investment In Affiliates - Summary Of Financial Information Related To The Balance Sheet (details)
Investment In Affiliates - Summary Of Unaudited Financial Information Related To The Income Statement (details)
Net Loss Per Share
Net Loss Per Share (details)
Net Loss Per Share (tables)
Quarterly Financial Results (unaudited)
Quarterly Financial Results (unaudited) (details)
Quarterly Financial Results (unaudited) (tables)
Related Party Transactions
Related Party Transactions (details)
Restructuring
Restructuring (tables)
Restructuring - Narrative (details)
Restructuring - Summary Of Net Pretax Benefits (charges), Incurred By Segment (details)
Restructuring - Summary Of Utilization Of Restructuring Accruals (details)
Segment Information
Segment Information (tables)
Segment Information - Narrative (details)
Segment Information - Schedule Of Information Concerning Principal Geographic Areas (details)
Segment Information - Schedule Of Operating Segment Results (details)
Segment Information - Schedule Of Reconciliation Of Reportable Segment Amounts To The Consolidated Balances (details)
Segment Information - Schedule Of Reconciliation Of Reportable Segment Depreciation And Amortization Amounts To The Consolidated Balances (details)
Settlement Assets And Obligations
Settlement Assets And Obligations (details)
Settlement Assets And Obligations (tables)
Stock Compensation Plans
Stock Compensation Plans (tables)
Stock Compensation Plans - Narratives (details)
Stock Compensation Plans - Schedule Of Stock-based Compensation Expense (details)
Stock Compensation Plans - Schedule Of Weighted-average Assumptions For Estimating Fair Value Of Stock Options Granted (details)
Stock Compensation Plans - Summary Of Restricted Stock Award And Restricted Stock Unit Activity (details)
Stock Compensation Plans - Summary Of Stock Option Activity (details)
Stockholders' Equity And Redeemable Noncontrolling Interest
Stockholders' Equity And Redeemable Noncontrolling Interest (tables)
Stockholders' Equity And Redeemable Noncontrolling Interest - Narrative (details)
Stockholders' Equity And Redeemable Noncontrolling Interest - Redeemable Noncontrolling Interest Activity (details)
Stockholders' Equity And Redeemable Noncontrolling Interest - Schedule Of Other Comprehensive Income (details)
Summary Of Accounting Policies - Assets And Liabilities Measured At Fair Value On A Non-recurring Basis (details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (tables)
Summary Of Significant Accounting Policies - Business Description (details)
Summary Of Significant Accounting Policies - Goodwill And Other Intangibles (details)
Summary Of Significant Accounting Policies - Property And Equipment (details)
Summary Of Significant Accounting Policies - Reserve For Merchant Credit Losses And Check Guarantees (details)
Summary Of Significant Accounting Policies - Schedule Of Accrued Warranty And Recovery Balances (details)
Summary Of Significant Accounting Policies - Schedule Of Amounts Associated With Amortization Of Initial Payments For New Contracts And Equity Method Investments (details)
Summary Of Significant Accounting Policies - Schedule Of Amounts Associated With Processing Services Revenue (details)
Summary Of Significant Accounting Policies - Schedule Of Amounts Charged To Expense For The Depreciation And Amortization Of Property And Equipment, Including Equipment Under Capital Lease (details)
Summary Or Significant Accounting Policies - Revenue Recognition (details)
Supplemental Financial Information
Supplemental Financial Information (tables)
Supplemental Financial Information - Schedule Of Supplemental Consolidated Balance Sheet Information (details)
Supplemental Financial Information - Schedule Of The Components Of Other Income (expense) (details)
Supplemental Guarantor Condensed Consolidating Financial Statements
Supplemental Guarantor Condensed Consolidating Financial Statements (tables)
Supplemental Guarantor Condensed Consolidating Financial Statements - Narratives (details)
Supplemental Guarantor Condensed Consolidating Financial Statements - Schedule Of Financial Position (details)
Supplemental Guarantor Condensed Consolidating Financial Statements - Schedule Of The Cash Flows (details)
Supplemental Guarantor Condensed Consolidating Financial Statements - Schedule Of The Results Of Operations (details)
Ticker: FDC
CIK: 883980
Form Type: 10-K Annual Report
Accession Number: 0001628280-16-011729
Submitted to the SEC: Thu Feb 25 2016 5:33:37 PM EST
Accepted by the SEC: Thu Feb 25 2016
Period: Thursday, December 31, 2015
Industry: Business Services

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