|
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (USD $) In Thousands, unless otherwise specified
|
Mar. 31, 2015
|
Dec. 31, 2014
|
| Current assets: |
|
|
| Cash and cash equivalents |
$ 239,538 |
$ 411,568 |
| Accounts receivable—net |
566,603 |
607,674 |
| Related party receivable |
6,654 |
6,164 |
| Settlement assets |
146,951 |
135,422 |
| Prepaid expenses |
28,068 |
26,906 |
| Other |
31,063 |
27,002 |
| Total current assets |
1,018,877 |
1,214,736 |
| Customer incentives |
39,124 |
39,210 |
| Property, equipment and software—net |
276,521 |
281,715 |
| Intangible assets—net |
987,585 |
1,034,692 |
| Goodwill |
3,293,687 |
3,291,366 |
| Deferred taxes |
426,847 |
429,623 |
| Other assets |
41,782 |
44,741 |
| Total assets |
6,084,423 |
6,336,083 |
| Current liabilities: |
|
|
| Accounts payable and accrued expenses |
253,185 |
299,771 |
| Related party payable |
2,684 |
2,035 |
| Settlement obligations |
488,128 |
501,042 |
| Current portion of note payable to related party |
10,353 |
10,353 |
| Current portion of note payable |
106,148 |
106,148 |
| Current portion of tax receivable agreement obligations to related parties |
33,650 |
22,789 |
| Current portion of tax receivable agreement obligations |
20,814 |
0 |
| Deferred income |
9,084 |
5,480 |
| Current maturities of capital lease obligations |
8,916 |
8,158 |
| Other |
9,181 |
7,557 |
| Total current liabilities |
942,143 |
963,333 |
| Long-term liabilities: |
|
|
| Note payable to related party |
188,933 |
191,521 |
| Note payable |
2,860,359 |
3,085,716 |
| Tax receivable agreement obligations to related parties |
563,607 |
597,273 |
| Tax receivable agreement obligations |
138,615 |
152,420 |
| Capital lease obligations |
12,533 |
14,779 |
| Deferred taxes |
31,980 |
24,380 |
| Other |
14,940 |
6,075 |
| Total long-term liabilities |
3,810,967 |
4,072,164 |
| Total liabilities |
4,753,110 |
5,035,497 |
| Commitments and contingencies (See Note 7 - Commitments, Contingencies and Guarantees) |
|
|
| Equity: |
|
|
| Preferred stock, $0.00001 par value; 10,000,000 shares authorized; no shares issued and outstanding |
0 |
0 |
| Paid-in capital |
658,684 |
629,353 |
| Retained earnings |
347,347 |
328,358 |
| Accumulated other comprehensive loss |
(8,763) |
(3,768) |
| Treasury stock, at cost; 2,569,125 shares at March 31, 2015 and 2,173,793 shares at December 31, 2014 |
(66,549) |
(50,931) |
| Total Vantiv, Inc. equity |
930,720 |
903,013 |
| Non-controlling interests |
400,593 |
397,573 |
| Total equity |
1,331,313 |
1,300,586 |
| Total liabilities and equity |
6,084,423 |
6,336,083 |
| Class A Common Stock |
|
|
| Equity: |
|
|
| Class A common stock, $0.00001 par value; 890,000,000 shares authorized; 145,954,701 shares outstanding at March 31, 2015; 145,455,008 shares outstanding at December 31, 2014, Class B common stock, no par value; 100,000,000 shares authorized; 43,042,826 shares issued and outstanding at March 31, 2015 and December 31, 2014 |
1 |
1 |
| Class B Common Stock |
|
|
| Equity: |
|
|
| Class A common stock, $0.00001 par value; 890,000,000 shares authorized; 145,954,701 shares outstanding at March 31, 2015; 145,455,008 shares outstanding at December 31, 2014, Class B common stock, no par value; 100,000,000 shares authorized; 43,042,826 shares issued and outstanding at March 31, 2015 and December 31, 2014 |
$ 0 |
$ 0 |