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Western Union Co (WU) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2017

SEC Filings

Western Union Co

CIK: 1365135 Ticker: WU




wulogoa12.jpg
Exhibit 99.1
 
 
 
 
Contacts:
Media
  
Investors
Jennifer Pakradooni
  
Mike Salop
720-332-0516
  
720-332-8276
jennifer.pakradooni@westernunion.com
  
mike.salop@westernunion.com

   
WESTERN UNION REPORTS FOURTH QUARTER
AND FULL YEAR RESULTS

Solid fourth quarter business performance with strong digital growth
Revenue increases 5%; Net income impacted by U.S. tax reform and goodwill impairment
Company expects solid business performance in 2018; Quarterly dividend increased 9%

_________________________________________________________


Englewood, Colo., February 13, 2018
- The Western Union Company (NYSE: WU) today reported financial results for the 2017 fourth quarter and full year, and provided its financial outlook for 2018.

In the fourth quarter, the Company generated revenue of $1.4 billion, which increased 5% compared to the prior year, or 4% on a constant currency basis. Improved trends in the Company’s consumer money transfer business and continued strong growth in the bill payments businesses drove the revenue growth.

GAAP earnings per share in the quarter was negatively impacted by United States tax reform legislation enacted in December 2017 (the “Tax Act”) and a non-cash goodwill impairment charge related to the Business Solutions reporting unit. GAAP earnings / (loss) per share of ($2.44) compared to ($0.73) in the prior year period, while adjusted earnings per share of $0.41 compared to $0.47 in the same period last year.

“Our consumer money transfer revenue growth accelerated in the fourth quarter, and our business continued to demonstrate resilience,” said president and chief executive officer Hikmet Ersek. “Solid business performance was again led by our digital channel, as westernunion.com money transfer delivered a 22% revenue increase and represented 10% of our total consumer-to-consumer business in the quarter.”



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The following information was filed by Western Union Co (WU) on Tuesday, February 13, 2018 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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Inside Western Union Co's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Schedule I - Condensed Financial Information Of The Registrant
Schedule I - Condensed Financial Information Of The Registrant - Condensed Balance Sheets (details)
Schedule I - Condensed Financial Information Of The Registrant - Condensed Statements Of Cash Flow (details)
Schedule I - Condensed Financial Information Of The Registrant - Condensed Statements Of Income/(loss) And Comprehensive Income/(loss) (details)
Schedule I - Condensed Financial Information Of The Registrant - Narrative (details)
Consolidated Balance Sheets
Consolidated Balance Sheets (parentheticals)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income/(loss)
Consolidated Statements Of Income/(loss)
Consolidated Statements Of Stockholders' Equity/(deficit)
Borrowings
Borrowings (tables)
Borrowings - Maturity Schedule Of Borrowings (details)
Borrowings - Narrative (details)
Borrowings - Outstanding Borrowings (details)
Business And Basis Of Presentation
Business And Basis Of Presentation - Narrative (details)
Business Transformation And Productivity And Cost-savings Initiatives Expenses
Business Transformation And Productivity And Cost-savings Initiatives Expenses (tables)
Business Transformation And Productivity And Cost-savings Initiatives Expenses - Business Transformation Expenses By Reportable Segment (details)
Business Transformation And Productivity And Cost-savings Initiatives Expenses - Costs Related To Business Transformation Accruals (details)
Business Transformation And Productivity And Cost-savings Initiatives Expenses - Narrative (details)
Business Transformation And Productivity And Cost-savings Initiatives Expenses - Related Expenses (details)
Commitments And Contingencies
Commitments And Contingencies - Narrative (details)
Derivatives
Derivatives (tables)
Derivatives - Fair Value Of Derivatives (details)
Derivatives - Foreign Currency Forward Contracts (details)
Derivatives - Gross And Net Fair Value Of Derivative Assets And Liabilities (details)
Derivatives - Narrative (details)
Derivatives - Net Gains/(losses) From Hedging Activities (details)
Employee Benefit Plans
Employee Benefit Plans - Narrative (details)
Fair Value Measurements
Fair Value Measurements (tables)
Fair Value Measurements - Fair Value Of Assets And Liabilities (details)
Fair Value Measurements - Narrative (details)
Goodwill
Goodwill (tables)
Goodwill - Accumulated Impairment Losses (details)
Goodwill - Changes To Goodwill (details)
Goodwill - Narrative (details)
Income Taxes
Income Taxes (tables)
Income Taxes - Components Of Pre-tax Income (details)
Income Taxes - Current And Deferred Components Of Provision For Income Taxes (details)
Income Taxes - Deferred Taxes (details)
Income Taxes - Effective Tax Rates (details)
Income Taxes - Narrative (details)
Income Taxes - Provision For Income Taxes (details)
Income Taxes - Reconciliation Of Unrecognized Tax Benefits (details)
Investment Securities
Investment Securities (tables)
Investment Securities - Components Of Securities (details)
Investment Securities - Maturity Schedule Of Settlement-related Debt Securities (details)
Investment Securities - Narrative (details)
Operating Lease Commitments
Operating Lease Commitments (tables)
Operating Lease Commitments - Summary (details)
Other Assets And Other Liabilities
Other Assets And Other Liabilities (tables)
Other Assets And Other Liabilities - Summary (details)
Quarterly Financial Information (unaudited)
Quarterly Financial Information (unaudited) (tables)
Quarterly Financial Information (unaudited) - Summarized Quarterly Results (details)
Related Party Transactions
Related Party Transactions - Narrative (details)
Segments
Segments (tables)
Segments - Information On Principal Geographic Areas (details)
Segments - Narrative (details)
Segments - Reportable Segments Results (details)
Stock Compensation Plans
Stock Compensation Plans (tables)
Stock Compensation Plans - Activity Of Restricted Stock Units And Preformance-based Restricted Stock Units (details)
Stock Compensation Plans - Assumptions For The Black-scholes Option Pricing Model (details)
Stock Compensation Plans - Impact On Earnings (details)
Stock Compensation Plans - Narrative (details)
Stock Compensation Plans - Stock Option Activity (details)
Stockholders' Equity/(deficit)
Stockholders' Equity/(deficit) (tables)
Stockholders' Equity/(deficit) - Cash Dividends Paid (details)
Stockholders' Equity/(deficit) - Components Of Accumulated Other Comprehensive Loss (details)
Stockholders' Equity/(deficit) - Narrative (details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (tables)
Summary Of Significant Accounting Policies - Components Of Other Intangible Assets (details)
Summary Of Significant Accounting Policies - Derivatives (details)
Summary Of Significant Accounting Policies - Diluted Weighted-average Shares Outstanding (details)
Summary Of Significant Accounting Policies - Narrative (details)
Summary Of Significant Accounting Policies - Property And Equipment (details)
Summary Of Significant Accounting Policies - Settlement Assets And Obligations (details)
Ticker: WU
CIK: 1365135
Form Type: 10-K Annual Report
Accession Number: 0001365135-18-000013
Submitted to the SEC: Thu Feb 22 2018 4:09:08 PM EST
Accepted by the SEC: Thu Feb 22 2018
Period: Sunday, December 31, 2017
Industry: Business Services

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