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August 02, 2015 12:34 PM ET

IT Services

Company Overview of First Data Corporation

Company Overview

First Data Corporation provides electronic commerce and payment solutions for merchants, financial institutions, and card issuers worldwide. The company’s Merchant Solutions segment offers merchant acquiring services that facilitate the merchants’ ability to accept credit, debit, stored-value, and loyalty cards; and processing services comprising authorization, transaction capture, settlement, chargeback handling, and Internet-based transaction processing. It also provides prepaid stored-value card issuance and processing services for retailers and others; program management and processing services for association-branded, bank-issued, open loop, stored-value, reloadable, and one time prepai...

5565 Glenridge Connector, NE

Suite 2000

Atlanta, GA 30342

United States

Founded in 1989

22,310 Employees

Phone:

404-890-2000

Key Executives for First Data Corporation

Chairman and Chief Executive Officer
Age: 56
President and President of First Data Holdings Inc
Age: 55
Executive Vice President and Director of Finance
Age: 58
Chief Operations Officer and Executive Vice President
Age: 53
President of Retail & Alliance Services
Age: 52
Compensation as of Fiscal Year 2015.

First Data Corporation Key Developments

First Data Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

First Data Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenues of $2,872 million compared with $2,837 million for the same period a year ago. Operating profit was $409 million compared with $382 million for the same period a year ago. Loss before income taxes and equity earnings in affiliates was $20 compared with income before income taxes and equity earnings in affiliates $5 million for the same period a year ago. Net loss attributable to company was $26 million compared with $34 million for the same period a year ago. Adjusted EBITDA was $702 million compared with $681 million for the same period a year ago. Net cash provided by operating activities was $555 million compared with $427 million for the same period a year ago. Adjusted net income was $150 million compared with $87 million for the same period a year ago. The company generated $316 million of free cash flow for the quarter, an improvement of $100 million over the same period in the prior year. A reduction in cash interest payments made up a significant portion of the year-over-year increase along with higher adjusted EBITDA. Partially offsetting these increases were capital expenditures, which grew $11 million as it continued to strengthen cyber security and infrastructure. For the six months, the company reported revenues of $5,567 million compared with $5,477 million for the same period a year ago. Operating profit was $669 million compared with $667 million for the same period a year ago. Loss before income taxes and equity earnings in affiliates was $131 million compared with $173 million for the same period a year ago. Net loss attributable to company was $138 million compared with $235 million for the same period a year ago. Adjusted EBITDA was $1,265 million compared with $1,295 million for the same period a year ago. Net cash provided by operating activities was $453 million compared with $383 million for the same period a year ago.

First Data Corporation to Report Q2, 2015 Results on Jul 29, 2015

First Data Corporation announced that they will report Q2, 2015 results at 5:00 PM, US Eastern Standard Time on Jul 29, 2015

First Data Corporation, Q2 2015 Earnings Call, Jul 29, 2015

First Data Corporation, Q2 2015 Earnings Call, Jul 29, 2015

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