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Alliance Data Systems Corp – ‘10-K’ for 12/31/10 – ‘XML.R9’

On:  Monday, 2/28/11, at 8:49am ET   ·   For:  12/31/10   ·   Accession #:  1140361-11-12449   ·   File #:  1-15749

Previous ‘10-K’:  ‘10-K’ on 3/1/10 for 12/31/09   ·   Next:  ‘10-K’ on 2/27/12 for 12/31/11   ·   Latest:  ‘10-K’ on 2/20/24 for 12/31/23   ·   5 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/28/11  Alliance Data Systems Corp        10-K       12/31/10   63:12M                                    Broadridge Fin’l So… Inc

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Alliance Data Systems Corporation 10-K 12-31-2010   HTML   2.09M 
 2: EX-10.10    Material Contract                                   HTML     57K 
 5: EX-10.108   Material Contract                                   HTML     38K 
 6: EX-10.110   Material Contract                                   HTML     32K 
 7: EX-10.118   Material Contract                                   HTML     70K 
 8: EX-10.120   Material Contract                                   HTML     32K 
 9: EX-10.122   Material Contract                                   HTML     32K 
10: EX-10.127   Material Contract                                   HTML     28K 
11: EX-10.128   Material Contract                                   HTML     30K 
12: EX-10.134   Material Contract                                   HTML     31K 
13: EX-10.150   Material Contract                                   HTML     26K 
14: EX-10.156   Material Contract                                   HTML     23K 
15: EX-10.159   Material Contract                                   HTML     22K 
16: EX-10.161   Material Contract                                   HTML     22K 
 3: EX-10.26    Material Contract                                   HTML     21K 
 4: EX-10.59    Material Contract                                   HTML     21K 
18: EX-21       Subsidiaries List                                   HTML     37K 
19: EX-23.1     Consent of Experts or Counsel                       HTML     19K 
17: EX-12.1     Statement re: Computation of Ratios                 HTML     37K 
20: EX-31.1     Certification -- §302 - SOA'02                      HTML     24K 
21: EX-31.2     Certification -- §302 - SOA'02                      HTML     24K 
22: EX-32.1     Certification -- §906 - SOA'02                      HTML     21K 
23: EX-32.2     Certification -- §906 - SOA'02                      HTML     21K 
53: XML         IDEA XML File -- Definitions and References          XML    126K 
59: XML         IDEA XML File -- Filing Summary                      XML     80K 
57: XML.R1      Document And Entity Information                      XML    198K 
58: XML.R2      Consolidated Statements of Income                    XML    507K 
40: XML.R3      Consolidated Balance Sheets                          XML    496K 
45: XML.R4      Consolidated Balance Sheets Parenthetical            XML     90K 
51: XML.R5      Consolidated Statements of Stockholders' Equity      XML    913K 
50: XML.R6      Consolidated Statements of Stockholders' Equity      XML     66K 
                Parenthetical                                                    
62: XML.R7      Consolidated Statements of Cash Flows                XML    776K 
35: XML.R8      Description of Business and Basis of Presentation    XML     47K 
49: XML.R9      Change in Accounting Principle                       XML     46K 
33: XML.R10     Summary of Significant Accounting Policies           XML    127K 
32: XML.R11     Acquisitions                                         XML     73K 
39: XML.R12     Discontinued Operations                              XML     75K 
55: XML.R13     Credit Card Receivables                              XML    220K 
41: XML.R14     Redemption Settlement Assets                         XML    138K 
42: XML.R15     Property and Equipment                               XML     61K 
47: XML.R16     Intangible Assets and Goodwill                       XML    163K 
63: XML.R17     Accrued Expenses                                     XML     52K 
37: XML.R18     Debt                                                 XML    232K 
30: XML.R19     Deferred Revenue                                     XML     87K 
44: XML.R20     Commitments and Contingencies                        XML     73K 
54: XML.R21     Stockholders' Equity                                 XML    159K 
36: XML.R22     Employee Benefit Plans                               XML     54K 
52: XML.R23     Comprehensive Income                                 XML     75K 
43: XML.R24     Income Taxes                                         XML    186K 
61: XML.R25     Financial Instruments                                XML    234K 
56: XML.R26     Parent-Only Financial Statements                     XML    161K 
46: XML.R27     Segment Information                                  XML    205K 
48: XML.R28     Non-Cash Financing and Investing Activities          XML     46K 
31: XML.R29     Quarterly Results of Operations (Unaudited)          XML    143K 
34: XML.R30     Consolidated Valuations and Qualifying Accounts      XML     75K 
60: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS   1.75M 
24: EX-101.INS  XBRL Instance -- ads-20101231                        XML   2.20M 
26: EX-101.CAL  XBRL Calculations -- ads-20101231_cal                XML    202K 
27: EX-101.DEF  XBRL Definitions -- ads-20101231_def                 XML     76K 
28: EX-101.LAB  XBRL Labels -- ads-20101231_lab                      XML    713K 
29: EX-101.PRE  XBRL Presentations -- ads-20101231_pre               XML    372K 
25: EX-101.SCH  XBRL Schema -- ads-20101231                          XSD     91K 
38: ZIP         XBRL Zipped Folder -- 0001140361-11-012449-xbrl      Zip    152K

‘XML.R9’   —   Change in Accounting Principle

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<div><!--StartFragment--><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2. CHANGE IN ACCOUNTING PRINCIPLE</font></div><div style="TEXT-INDENT: 0pt; DISPLAY: block"><br /></div><div style="TEXT-INDENT: 27pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In June 2009, the Financial Accounting Standards Board (“FASB”) issued guidance codified in Accounting Standards Codification (“ASC”) 860, “Transfers and Servicing,” and ASC 810, “Consolidation.” related to accounting for transfers of financial assets and the consolidation of variable interest entities (“VIEs”). ASC 860 removed the concept of qualifying special purpose entity (“QSPE”) and eliminated the consolidation exemption that was then available for QSPEs. ASC 810 requires an initial evaluation as well as an ongoing assessment of the Company's involvement in the activities of World Financial Network Credit Card Master Trust (“Master Trust”), World Financial Network Credit Card Master Note Trust (“Master Trust I”), World Financial Network Credit Card Master Note Trust II (“Master Trust II”) and World Financial Network Credit Card Master Trust III (“Master Trust III”) (collectively, the “WFN Trusts”), and World Financial Capital Credit Card Master Note Trust (the “WFC Trust”) and the Company's rights or obligations to receive benefits or absorb losses of these credit card securitization trusts that could be potentially significant in order to determine whether those VIEs are required to be consolidated on the balance sheets of World Financial Network National Bank (“WFNNB”),World Financial Capital Bank (“WFCB”) or their affiliates, including ADSC.</font></div><div style="TEXT-INDENT: 0pt; DISPLAY: block"><br /></div><div style="TEXT-INDENT: 27pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">On January 1, 2010, the Company adopted ASC 860 and ASC 810 on a prospective basis, resulting in the consolidation of the WFN Trusts and the WFC Trust. Based on the carrying amounts of the WFN Trusts' and the WFC Trust's assets and liabilities as prescribed by ASC 810, the Company recorded an increase in assets of approximately $3.4 billion, including $0.5 billion to loan loss reserves, an increase in liabilities of approximately $3.7 billion and a $0.4 billion decrease in stockholders' equity.</font></div><div style="TEXT-INDENT: 0pt; DISPLAY: block"><br /></div><div style="TEXT-INDENT: 27pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">After adoption, the Company's consolidated statements of income no longer reflect securitization income, but instead reflect finance charges and certain other income associated with the securitized credit card receivables. Net charge-offs associated with credit card receivables impact the Company's provision for loan loss reflected in the Company's total operating expenses. Interest expense associated with debt issued from the WFN Trusts and the WFC Trust to third-party investors is reported in securitization funding costs. Additionally, the Company no longer records initial gains on new securitization activity since securitized credit card loans no longer receive sale accounting treatment, nor are there any gains or losses on the revaluation of the interest-only strip receivable, as that asset is not recognized in a transaction accounted for as a secured borrowing. Since the Company's securitization transactions are accounted for under the new accounting rules as secured borrowings rather than asset sales, the cash flows from these transactions are presented as cash flows from financing activities rather than cash flows from operating or investing activities.</font></div><div style="TEXT-INDENT: 0pt; DISPLAY: block"><br /></div><div style="TEXT-INDENT: 27pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The assets of the consolidated VIEs include certain credit card receivables, which are restricted to settle the obligations of those entities and are not expected to be available to the Company or its creditors. The liabilities of the consolidated VIEs include asset-backed secured borrowings and other liabilities for which creditors or beneficial interest holders do not have recourse to the general credit of the Company.</font></div><div style="TEXT-INDENT: 0pt; DISPLAY: block"><br /></div><!--EndFragment--></div>
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5 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/20/24  Bread Financial Holdings, Inc.    10-K       12/31/23  128:15M
 2/28/23  Bread Financial Holdings, Inc.    10-K       12/31/22  135:20M
 2/25/22  Bread Financial Holdings, Inc.    10-K       12/31/21  110:23M
 2/26/21  Bread Financial Holdings, Inc.    10-K       12/31/20  135:28M
 5/04/11  SEC                               UPLOAD9/21/17    1:54K  Bread Financial Holdings, Inc.
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Filing Submission 0001140361-11-012449   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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