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First Data Corp (FDC) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2016

First Data Corp

CIK: 883980 Ticker: FDC
EXHIBIT 99.1
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First Data Reports Fourth Quarter and Full Year 2016 Financial Results

Q4 consolidated revenue of $2.9 billion, down 1% or up 1% excluding impacts from currency; $11.6 billion for full year 2016, up 1% or up 2% excluding impacts from currency

Q4 total segment revenue of $1.8 billion, flat or up 3% excluding impacts from currency and Australian ATM divestiture; $7.1 billion for full year 2016, up 1% or up 4% excluding impacts from currency and Australian ATM divestiture

Q4 net income of $192 million, improved $1.4 billion, diluted EPS of $0.21; $420 million for full year 2016, improved $1.9 billion, diluted EPS of $0.46

Q4 adjusted net income of $365 million, up 35%; adjusted diluted EPS of $0.39; $1.2 billion for full year 2016, up 96%, adjusted diluted EPS of $1.32

Q4 total segment EBITDA of $771 million, up 1% or up 4% excluding impacts from currency and Australian ATM divestiture; $2.9 billion for full year 2016, up 6% or up 9% excluding impacts from currency and Australian ATM divestiture

Q4 cash flow from operations of $451 million, free cash flow of $270 million; Full year 2016 cash flow from operations of $2.1 billion, free cash flow of $1.2 billion

Refinanced $9.4 billion of debt in Q4 2016 and YTD 2017 helping further reduce interest costs

Full year 2016 total borrowings and net debt reduced $1.1 billion

NEW YORK, FEBRUARY 13, 2017 -
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, 2016. Consolidated revenue for the fourth quarter was $2.9 billion, down 1% versus the prior year period, or up 1% excluding currency impacts. Total segment revenue was $1.8 billion for the quarter, flat over the prior year period, or up 3% excluding the impacts from currency and divestiture of the Australian ATM business that occurred in the third quarter of 2016.

For the fourth quarter 2016, net income attributable to First Data was $192 million (or $0.21 per diluted share), which compares to a net loss of $1.2 billion in the prior year period. The prior year period included debt extinguishment charges and one-time IPO-triggered expenses totaling approximately $1.3 billion. Adjusted net income, which modifies net income for items

1

The following information was filed by First Data Corp (FDC) on Monday, February 13, 2017 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)
- Summary Of Stock Option Activity (details)
Acquisitions And Dispositions
Acquisitions And Dispositions - Acquisitions (details)
Acquisitions And Dispositions - Dispositions (details)
Borrowings
Borrowings (tables)
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 - 6.75% Senior Secured First Lien Notes (details)
Borrowings - 7.0% Senior Unsecured Notes Due 2023 (details)
Borrowings - 8.75% Senior Secured Second 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 March 2018 And September 2018 (details)
Borrowings - Senior Secured Term Loan Facility Due March 2021 And July 2022 (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 Financial Statements (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 Income (loss) Per Share
Net Income (loss) Per Share (details)
Net Income (loss) Per Share (tables)
Other Operating Expenses
Other Operating Expenses (tables)
Other Operating Expenses - Components Of Other Operating Expenses (details)
Other Operating Expenses - Pension Settlement Loss (details)
Other Operating Expenses - Restructuring (details)
Other Operating Expenses - Summary Of Net Pretax Benefits (charges), Incurred By Segment (details)
Other Operating Expenses - Summary Of Utilization Of Restructuring Accruals (details)
Related Party Transactions
Related Party Transactions (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)
Selected Quarterly Financial Results (unaudited)
Selected Quarterly Financial Results (unaudited) (details)
Selected Quarterly Financial Results (unaudited) (tables)
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)
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)
Subsequent Events
Subsequent Events (details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (tables)
Summary Of Significant Accounting Policies - Assets And Liabilities Measured At Fair Value On A Non-recurring Basis (details)
Summary Of Significant Accounting Policies - Business Description (details)
Summary Of Significant Accounting Policies - Cash And Cash Equivalents (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 - Reclassifications (details)
Summary Of Significant Accounting Policies - Reserve For Merchant Credit Losses And Check Guarantees (details)
Summary Of Significant Accounting Policies - Revenue Recognition (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)
Supplemental Financial Information
Supplemental Financial Information (tables)
Supplemental Financial Information - Narrative (details)
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: 0001628280-17-001722
Submitted to the SEC: Fri Feb 24 2017 4:26:33 PM EST
Accepted by the SEC: Fri Feb 24 2017
Period: Saturday, December 31, 2016
Industry: Business Services

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