First Data Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported total revenues of $2,448 million compared to $3,025 million a year ago. Operating profit was $538 million compared to $467 million a year ago. Income before income taxes and equity earnings in affiliates was $305 million compared to $214 million a year ago. Net income was $305 million compared to $243 million a year ago. Net income attributable to the company was $341 million or $0.36 per basic and diluted share compared to $185 million or $0.20 per basic and diluted share a year ago. Net cash provided by operating activities was $604 million compared to $580 million a year ago. Adjusted net income was $371 million or $0.39 per diluted share compared to $374 million or $0.40 per diluted share a year ago. The increase was primarily driven by improved operating results and lower interest expense.

For the six months, the company reported total revenues of $4,730 million compared to $5,826 million a year ago. Operating profit was $886 million compared to $793 million a year ago. Income before income taxes and equity earnings in affiliates was $417 million compared to $250 million a year ago. Net income was $536 million compared to $322 million a year ago. Net income attributable to the company was $442 million or $0.47 per basic and diluted share compared to $221 million or $0.24 per diluted share a year ago. Net cash provided by operating activities was $1,138 million compared to $1,001 million a year ago. Adjusted net income was $650 million or $0.68 per diluted share compared to $632 million or $0.68 per diluted share a year ago. Capital expenditures were $290 million compared to $232 million a year ago. Free cash flow was $746 million compared to $709 million a year ago. As at June 30, 2018, the company's net debt was $18,038,000.

For the full year 2018, Total segment revenue growth expected 7% to 8%, compared to previously disclosed guidance of 6% to 7%. Both ranges include a net benefit attributable to the full year impact of closed major acquisitions and dispositions of approximately 2 percentage points. Segment EBITDA growth, adjusted EPS, and free cash flow guidance remains unchanged from previously disclosed guidance. The company expected full year 2018 free cash flow to be in excess of $1.4 billion. Total segment EBITDA (at constant currency) to be 8%-10%. Adjusted Net Income to be $1.42-$1.47.