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FIRST DATA CORP filed this Form 8-K on 07/30/2018
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First Data Reports Second Quarter 2018 Financial Results and
Raises Full Year Revenue Guidance

Total segment revenue of $2,234 million, up 11% reported(a), up 9% on a comparable accounting basis(b), up 6% on an organic constant currency basis(c) 
Consolidated revenue of $2,448 million, impacted by the adoption of ASC 606
Net income attributable to First Data diluted EPS of $0.36
Adjusted diluted EPS of $0.39
Total segment EBITDA of $864 million, up 10% reported(a), up 10% on a comparable accounting basis(b), up 8% on an organic constant currency basis(c) 
Cash flow from operations of $604 million; free cash flow of $378 million
Total borrowings declined $395 million; net debt declined $344 million in quarter
Raising full year 2018 guidance for segment revenue growth
Signed agreement to divest businesses in Greece and Central/Eastern Europe for €375 million

NEW YORK, July 30, 2018 - First Data Corporation (NYSE: FDC), a global leader in commerce-enabling technology, today reported financial results for the second quarter ended June 30, 2018.

“We delivered another strong quarter of financial results, driven by solid contributions from each of our business segments. Our continued investment in technology aimed at helping our customers grow with cutting-edge solutions continues to pay off, resulting in excellent performance in several businesses,” said First Data Chairman and CEO Frank Bisignano. “Looking ahead, First Data is positioned to build on our first half momentum with continued strong performance in the second half of the year and beyond, supported by our market-leading products and services, strong positioning in key global markets, and commitment to driving value through strategic capital allocation,” Bisignano added.

Total segment revenue was $2,234 million for the quarter, up 11% versus the prior year period on a reported basis(a), up 9% on a comparable accounting basis(b), or up 6% on an organic

GAAP growth rate -- Consolidated revenue, segment revenue and segment EBITDA reflect New Reporting Standards, including the modified retrospective application of ASC 606 (the New Revenue Standard). See Form 8-K filed on April 16, 2018, for full description of the New Reporting Standards and their impact on 2017 results.
Non-GAAP growth rate -- Growth rate adjusted to retrospectively apply ASC 606 to the prior year period, providing a consistent basis of accounting to both periods.
Non-GAAP growth rate -- Organic constant currency growth (“Organic CC growth”) is defined as reported growth adjusted for the following: (1) excludes the impacts of year-over-year currency rate changes in the current period; (2) excludes the results of significant divestitures in the prior year period; (3) includes the results of significant acquisitions in the prior year period; and (4) is adjusted to retrospectively apply ASC 606 to the prior year period.