First Data Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, total revenues were $3,150 million against $2,943 million a year ago. Operating profit was $500 million against $480 million a year ago. Income before income taxes and equity earnings in affiliates was $284 million against $213 million a year ago. Net income attributable to First Data Corporation was $948 million against $192 million a year ago. Net income per diluted share was $1.00 against $0.21 per basic and diluted share a year ago. Net cash provided by operating activities was $465 million against $451 million a year ago. Adjusted net income was $416 million against $365 million a year ago. Adjusted net income per diluted share was $0.44 against $0.39 a year ago. Capital expenditures were $128 million against $126 million a year ago. Total segment EBITDA was $848 million, up 10%, or up 8% on an organic constant currency basis.

For the year, total revenues were $12,052 million against $11,584 million a year ago. Operating profit was $1,714 million against $1,602 million a year ago. Income before income taxes and equity earnings in affiliates was $713 million against $481 million a year ago. Net income attributable to First Data Corporation was $1,465 million against $420 million a year ago. Net income per diluted share was $1.56 against $0.46 a year ago. Net cash provided by operating activities was $2,047 million against $2,111 million a year ago. Adjusted net income was $1,425 million against $1,220 million a year ago. Adjusted net income per diluted share was $1.52 against $1.32 a year ago. Capital expenditures were $518 million against $477 million a year ago. Net debt as at December 31, 2017 was $18,621 million against $18,176 million a year ago. Total segment EBITDA was $3,072 million, up 6% on both a reported and organic constant currency basis.

For the year 2018, the company expects total segment revenue in the range of 5% to 7% (range includes a net benefit attributable to the full year impact of previously announced major acquisitions and dispositions of approximately 2 percentage points); Consolidated revenue of 4%-6%; Total segment EBITDA in the range of 7% to 9% (range includes a net benefit attributable to the full year impact of previously announced major acquisitions and dispositions of approximately 1.5 percentage points); EPS attributable to FDC in the range of $0.80-$0.85; adjusted diluted EPS in the range of $1.35 to $1.40; effective tax rate in the range of 27% to 29%; and free cash flow of $1.4 billion+. Cash provided by operating activities for the period expects at $2.1 billion+.