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inancial measures "Adjusted EBITDA," "Adjusted Net Income," and "Covenant EBITDA." Adjusted 0' ITDA represents: Net income or loss attributable to First Data, plus • Interest expense, net; • Income tax (benefit) expense; • Depreciation and amortization; • Stock-based compensation; and • Other adj

cal tools and should not be considered in isolation. or as a substitute for analysis of our results as reported under GAAP. Management believes that Adjusted EBITDA and Adjusted Net Income are helpful in highlighting trends because they exclude the results of decisions that are outside the control of operating m

N-I/A •fable of Contents In 2014, we generated $11.2 billion of revenue, $1.4 billion of operating profit, and had a net loss attributable to First Data of $458 million, reflecting an increase of 3%, 28% and 52% (decrease of loss), respectively, over 2013. For the same period, we generated segment r

oss), respectively, over 2013. For the same period, we generated segment revenues (which exclude reimbursable foes and other items) of $6.9 billion, Adjusted EBITDA of $2.7 billion, and Adjusted Net Income of $488 million, reflecting an increase of 3%, 9% and 232%. respectively, over 2013. For additional informa

elsewhere in this prospectus. EBITDA, a measure used by management to measure operating performance, is defined as net income (loss) attributable to First Data before interest expense, net, income tax (benefit) expense, and depreciation and amortization. EBITDA is not a recognized term under GAAP and does

y depending on long-term strategic decisions regarding capital structure. the tax jurisdictions in which companies operate and capital investments. Adjusted EBITDA is defined as EBITDA further adjusted to exclude certain items and other adjustments and is used by management as a measure of operating performance

S-I/A Table of Contents BUSINESS Our Company First Data sits at the center of global electronic commenx. We believe we offer our clients the most complete array of integrated solutions in the industry, co

oss), respectively, over 2013. For the same period, we generated segment revenues (which exclude reimbursable fees and other items) of $6.9 billion, Adjusted EBITDA of $2.7 billion, and Adjusted Net Income of $488 million, reflecting an increase of 3%, 9% and 232%. respectively, over 2013. For additional infomla