Significant Noncash Transactions Dividends Financing Additional Cash Flow Information Off-Balance Sheet Financing 23 (1) Fair value at December 31, 2010 of redemption value of put option. Refer to Note 13 in the consolidated financial statements for further information on TSYS’ long-term debt and financing arrangements. In December 2007, TSYS entered into a credit agreement with Bank of America N.A., Royal Bank of Scotland plc, and other lenders which provides for a $252.0 million five year unsecured revolving credit facility and a $168.0 million unsecured term loan. The proceeds from the credit facility will be used for working capital and other corporate purposes, including to finance the repurchase by TSYS of its capital stock. As of December 31, 2010, the Company has not drawn on the $252.0 million credit facility. On October 30, 2008, the Company’s International Services seg- ment obtained a credit agreement from a third-party to borrow up to approximately ¥2.0 billion, or $21 million, in a Yen-denomi- nated three-year loan to finance activities in Japan. The rate is the London Interbank Offered Rate (LIBOR) plus 80 basis points. The Company initially made a draw of ¥1.5 billion, or approximately $15.1 million. In January 2009, the Company made an additional draw down of ¥250 million, or approximately $2.8 million. In April 2009, the Company made an additional draw down of ¥250 million, or approximately $2.5 million. On October 31, 2008, the Company repaid its International Services’ loan of £33.0 million, or approximately $54.1 million, which it obtained in August 2007. In April 2009, the Company repaid its International Services’ loan of £1.3 million, or approximately $1.8 million, which it obtained in May 2008. In December 2010, TSYS obtained a $39.8 million note payable from a third-party vendor related to financing the purchase of distributed systems software. TSYS uses various operating leases in its normal course of busi- ness. These “off-balance sheet” arrangements obligate TSYS to make payments for computer equipment, software and facilities. These computer and software lease commitments may be replaced with new lease commitments due to new technology. Management expects that, as these leases expire, they will be evaluated and renewed or replaced by similar leases based on need. The following table summarizes future contractual cash obliga- tions, including lease payments and software arrangements, as of December 31, 2010, for the next five years and thereafter: Refer to Notes 16 and 23 in the consolidated financial statements for more information on share-based compensation and signifi- cant noncash transactions. During 2010, 2009 and 2008, the Company issued 197,000, 514,000 and 698,000 shares of common stock, respectively, to certain key employees and non-management members of its Board of Directors under nonvested shares for services to be provided in the future by such individuals. The market value of the common stock at the date of issuance is amortized as compen- sation expense over the vesting period of the awards. During 2008, TSYS purchased 2.0 million shares of TSYS common stock through open market transactions for an aggregate pur- chase price of $35.7 million, or an average per share price of $18.13. The plan expired in April 2010. On April 20, 2006, TSYS announced that its board had approved a stock repurchase plan to purchase up to 2 million shares, which represented slightly more than five percent of the shares of TSYS stock held by shareholders other than Synovus, which plan was extended by the TSYS Board until April 2010 and the number of shares was increased to 10 million. The shares may be purchased from time to time over a two year period and will depend on various factors including price, market conditions, acquisitions and the general financial position of TSYS. Repurchased shares will be used for general corporate purposes. Dividends on common stock of $55.1 million were paid in 2010, compared to $55.2 million and $55.4 million in 2009 and 2008, respectively. The Company paid an annual dividend of $0.28 per share in 2010, 2009 and 2008, respectively. (in millions) Total 1 Year or Less 2-3 Years 4-5 Years After 5 Years Contractual Cash Obligations Payments Due By Period Operating leases . . $334 98 158 67 11 Debt obligations . . 234 39 195 — — Redeemable noncontrolling interests(1) . . . . . 146 — — 146 — Capital lease obligations . . . . . 44 13 20 11 — Total contractual cash obligations . . . . . $758 150 373 224 11