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As a leader in electronic commerce and payment services, First Data serves appFirst Data Corp. (NYSE: FDC), with global headquarters in Denver, helps power the global economy.roximately 3 million merchant locations, 1,400 card issuers and millions of consumers, making it easy, fast and secure for people and businesses to buy goods and services using virtually any form of payment. With 29,000 employees worldwide, the company provides credit, debit, smart card and stored-value card issuing and merchant transaction processing services; Internet commerce solutions; money transfer services; money orders; and check processing and verification services throughout the United States. First Data also offers a variety of payment services in the United Kingdom, Australia, Canada, Japan, Mexico, Spain, the Netherlands, the Middle East and Germany. Its Western Union and Orlandi Valuta money transfer networks include a total of approximately 159,000 Agent locations in more than 195 countries and territories 

http://www.firstdata.com

First Data Reports Fourth Quarter and Full Year 2016 Financial Results
13 Feb 2017

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 such as debt extinguishment charges, stock-based compensation, amortization of acquisition intangibles, restructuring costs and other items, was $365 million (or $0.39 per diluted share), up $94 million or 35% versus the prior year period, primarily driven by lower interest expense.

Total segment earnings before interest, taxes, depreciation, and amortization (total segment EBITDA) in the fourth quarter 2016 was $771 million, up 1% versus the prior year period, or up 4% excluding impacts from currency and the Australian ATM divestiture, driven by revenue growth and expense management. Total segment EBITDA margin improved 50 basis points to 42.1% in the quarter.

“First Data delivered a full-year profit, generating a nearly $2 billion improvement from our 2015 net income. We’re proud of that turnaround, but we’re intensely focused on the hard work still ahead," said First Data Chairman and CEO Frank Bisignano. “Throughout this year and beyond, our team is aligned to deliver solid earnings growth, disciplined expense management, strong cash generation, and continued organic deleveraging, all while strengthening service and driving innovation to serve and expand our client base," Bisignano added.


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