Segment Information (Tables)

3 Months Ended

Mar. 31, 2013

The operating results for the three months ended March 31, 2013 for each segment follow (in millions):


Three Months Ended March 31, 2013	FS			AS			PS&E			Sum of segments
Revenue	$	600		$	345		$	50		$	995
Internal Adjusted EBITDA		130			105			14			249
Internal Adjusted EBITDA margin		21.6	%		30.5	%		29.1	%		25.1	%

Year to year revenue change		(3	)%		(3	)%		(1	)%		(3	)%
Year to year Internal Adjusted EBITDA change		3	%		(6	)%		(12	)%		(2	)%

Year to year revenue change at constant currency		(3	)%		(3	)%		(1	)%		(3	)%
Year to year Internal Adjusted EBITDA change at constant currency		2	%		(6	)%		(12	)%		(3	)%

The operating results for the three months ended March 31, 2012 for each segment follow (in millions):


Three Months Ended March 31, 2012	FS			AS			PS&E			Sum of segments
Revenue	$	618		$	355		$	51		$	1,024
Internal Adjusted EBITDA		126			113			16			255
Internal Adjusted EBITDA margin		20.4	%		31.7	%		32.7	%		24.9	%

Reconciliation of Segment Internal Adjusted EBITDA to Income Loss from Continuing Operations Before Income Taxes

Reconciliation of Segment Internal Adjusted EBITDA to income (loss) from continuing operations before income taxes:


	2013
Internal Adjusted EBITDA (sum of segments)	$	249
Corporate		(13	)
Depreciation ⁽¹⁾		(73	)
Amortization of acquisition-related intangible assets		(87	)
Severance and facility closure costs		(3	)
Stock compensation expense		(11	)
Management fees		(2	)
Other costs (included in operating income)		(4	)
Interest expense, net		(108	)
Loss on extinguishment of debt		(5	)
Other income (expense)		1

Income (loss) from continuing operations before income tax	$	(56	)

Reconciliation of Internal Adjusted EBITDA to income (loss) from continuing operations before income taxes:


	2012
Internal Adjusted EBITDA (sum of segments)	$	255
Corporate		(14	)
Depreciation⁽¹⁾		(71	)
Amortization of acquisition-related intangible assets		(101	)
Severance and facility closure costs		(2	)
Stock compensation expense		(11	)
Management fees		(2	)
Other costs (included in operating income)		(2	)
Interest expense, net		(122	)
Loss on extinguishment of debt		(15	)
Other income (expense)		2

Income (loss) from continuing operations before income tax	$	(83	)

Depreciation and Amortization and Capital Expenditures by Segment

Depreciation and amortization and capital expenditures by segment follow (in millions):


Three Months Ended March 31, 2013	FS		AS		PS&E		Sum of segments		Corporate		Total
Capital expenditures	$	21	$	23	$	2	$	46	$	—	$	46
Depreciation⁽¹⁾		22		49		2		73		—		73
Amortization of acquisition-related intangible assets		44		39		4		87		—		87

Depreciation and amortization and capital expenditures by segment follow (in millions):


Three Months Ended March 31, 2012	FS		AS		PS&E		Sum of segments		Corporate		Total
Capital expenditures	$	20	$	38	$	2	$	60	$	—	$	60
Depreciation⁽¹⁾		21		48		2		71		—		71
Amortization of acquisition-related intangible assets		53		43		5		101		—		101

⁽¹⁾ Includes amortization of capitalized software.

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total profit or loss from reportable segments, to the entity's consolidated income before income taxes, extraordinary items, and discontinued operations.

+ References+ Details

SUNGARD DATA SYSTEMS INC 10-Q