10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MASTERCARD INC | |||
Ticker: MA Fiscal Year: 2009 | |||
Statement Of Income Alternative | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 18, 2010) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Revenues, net | $ 5,098,684 | 4,991,600 | 4,067,599 |
| Operating Expenses | |||
| General and administrative | 1,934,974 | 1,996,512 | 1,856,920 |
| Advertising and marketing | 755,480 | 934,742 | 1,001,525 |
| Litigation settlements | 6,745 | 2,482,845 | 3,400 |
| Depreciation and amortization | 141,377 | 112,006 | 97,642 |
| Total operating expenses | 2,838,576 | 5,526,105 | 2,959,487 |
| Operating income (loss) | 2,260,108 | (534,505) | 1,108,112 |
| Other Income (Expense) | |||
| Investment income, net | 57,698 | 182,907 | 530,400 |
| Interest expense | (115,109) | (103,600) | (57,277) |
| Other income (expense), net | 15,354 | 71,985 | 90,197 |
| Total other income (expense) | (42,057) | 151,292 | 563,320 |
| Income (loss) before income taxes | 2,218,051 | (383,213) | 1,671,432 |
| Income tax expense (benefit) | 755,427 | (129,298) | 585,546 |
| Net income (loss) | 1,462,624 | (253,915) | 1,085,886 |
| Income attributable to non-controlling interests | (92) | 0 | 0 |
| Net Income (Loss) Attributable to MasterCard | 1,462,532 | (253,915) | 1,085,886 |
| Basic Earnings (Loss) per Share (Note 2) | 11.19 | (1.94) | 7.98 |
| Basic Weighted Average Shares Outstanding (Note 2) | 129,838 | 130,148 | 134,887 |
| Diluted Earnings (Loss) per Share (Note 2) | 11.16 | (1.94) | 7.96 |
| Diluted Weighted Average Shares Outstanding (Note 2) | 130,232 | 130,148 | 135,153 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MASTERCARD INC | |||
Ticker: MA Fiscal Year: 2009 | |||
Statement Of Cash Flows Indirect | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 18, 2010) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Operating Activities | |||
| Net income (loss) | $ 1,462,624 | (253,915) | 1,085,886 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 141,377 | 112,006 | 97,642 |
| Gain on sale of Redecard S.A. available-for-sale securities | 0 | (85,903) | (390,968) |
| Share based payments (Note 17) | 88,430 | 60,970 | 58,213 |
| Stock units withheld for taxes | (28,458) | (67,111) | (11,334) |
| Tax benefit for share based compensation | (39,025) | (47,803) | (15,430) |
| Impairment of assets | 16,430 | 12,515 | 8,719 |
| Accretion of imputed interest on litigation settlements | 86,342 | 77,202 | 38,046 |
| Deferred income taxes | 336,704 | (483,952) | (5,492) |
| Other | (12,121) | 14,645 | 15,121 |
| Changes in operating assets and liabilities: | |||
| Trading securities | 0 | 2,561 | 9,700 |
| Accounts receivable | 122,445 | (115,687) | (60,984) |
| Income taxes receivable | 190,000 | (198,308) | 0 |
| Settlement due from customers | 54,473 | 183,008 | (356,305) |
| Prepaid expenses | (112,655) | (100,853) | (48,257) |
| Obligations under litigation settlement | (938,685) | 1,254,660 | (110,525) |
| Accounts payable | 34,231 | 8,425 | (30,650) |
| Settlement due to customers | (65,628) | (52,852) | 276,144 |
| Accrued expenses | 82,076 | 51,345 | 183,699 |
| Net change in other assets and liabilities | (40,398) | 42,275 | 26,636 |
| Net cash provided by operating activities | 1,378,162 | 413,228 | 769,861 |
| Investing Activities | |||
| Purchases of property, plant and equipment | (56,563) | (75,626) | (81,587) |
| Capitalized software | (82,797) | (94,647) | (74,835) |
| Purchases of investment securities available-for-sale | (332,571) | (519,514) | (3,578,357) |
| Purchases of investment securities held-to-maturity | (300,000) | 0 | 0 |
| Proceeds from sales and maturities of investment securities available-for-sale | 134,177 | 976,743 | 4,042,011 |
| Acquisition of business, net of cash acquired | (2,913) | (81,731) | 0 |
| Investment in affiliates | (17,709) | 0 | 0 |
| Other investing activities | (5,804) | (3,574) | 7,909 |
| Net cash provided by (used in) investing activities | (664,180) | 201,651 | 315,141 |
| Financing Activities | |||
| Purchase of treasury stock | 0 | (649,468) | (600,532) |
| Payment of debt | (149,380) | (80,000) | 0 |
| Dividends paid | (78,685) | (79,259) | (74,002) |
| Exercise of stock options | 8,720 | 9,546 | 1,597 |
| Tax benefit for share based compensation | 39,025 | 47,803 | 15,430 |
| Redemption of non-controlling interest | (4,620) | 0 | 0 |
| Net cash used in financing activities | (184,940) | (751,378) | (657,507) |
| Effect of exchange rate changes on cash and cash equivalents | 21,237 | (17,636) | 46,720 |
| Net increase (decrease) in cash and cash equivalents | 550,279 | (154,135) | 474,215 |
| Cash and cash equivalents - beginning of period | 1,505,160 | 1,659,295 | |
| Cash and cash equivalents - end of period | 2,055,439 | 1,505,160 | 1,659,295 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MASTERCARD INC | ||
Ticker: MA Fiscal Year: 2009 | ||
Statement Of Financial Position Classified | ||
Period Ending Dec 31, 2009 10-K (Filed: Feb 18, 2010) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2009 | Dec 31, 2008 | |
| ASSETS | ||
| Cash and cash equivalents | $ 2,055,439 | 1,505,160 |
| Investment securities, at fair value: | ||
| Available-for-sale | 824,345 | 588,095 |
| Municipal bonds held-to-maturity | 0 | 154,000 |
| Accounts receivable | 536,472 | 639,482 |
| Income taxes receivable | 0 | 198,308 |
| Settlement due from customers | 459,173 | 513,191 |
| Restricted security deposits held for customers | 445,989 | 183,245 |
| Prepaid expenses | 313,253 | 213,612 |
| Deferred income taxes | 243,561 | 283,795 |
| Other current assets | 124,915 | 32,619 |
| Total Current Assets | 5,003,147 | 4,311,507 |
| Property, plant and equipment, at cost (less accumulated depreciation of $303,759 and $278,269) | 448,994 | 306,798 |
| Deferred income taxes | 264,237 | 567,567 |
| Goodwill | 309,228 | 297,993 |
| Other intangible assets (less accumulated amortization of $422,338 and $377,570) | 414,704 | 394,282 |
| Auction rate securities available-for-sale, at fair value | 179,987 | 191,760 |
| Investment securities held-to-maturity | 337,797 | 37,450 |
| Prepaid expenses | 327,884 | 302,095 |
| Other assets | 184,301 | 66,397 |
| Total Assets | 7,470,279 | 6,475,849 |
| LIABILITIES AND EQUITY | ||
| Accounts payable | 290,414 | 253,276 |
| Settlement due to customers | 477,576 | 541,303 |
| Restricted security deposits held for customers | 445,989 | 183,245 |
| Obligations under litigation settlements (Note 19) | 606,485 | 713,035 |
| Accrued expenses | 1,224,991 | 1,032,061 |
| Short-term debt | 0 | 149,380 |
| Other current liabilities | 121,676 | 118,151 |
| Total Current Liabilities | 3,167,131 | 2,990,451 |
| Deferred income taxes | 79,728 | 74,518 |
| Obligations under litigation settlements (Note 19) | 263,236 | 1,023,263 |
| Long-term debt | 21,598 | 19,387 |
| Other liabilities | 426,719 | 436,255 |
| Total Liabilities | 3,958,412 | 4,543,874 |
| Commitments (Notes 18, 19 and 21) | ||
| Stockholders' Equity | ||
| Additional paid-in-capital | 3,412,354 | 3,304,604 |
| Class A treasury stock, at cost, 6,740,590 shares, respectively | (1,250,000) | (1,250,000) |
| Retained earnings (accumulated deficit) | 1,147,714 | (236,100) |
| Accumulated other comprehensive income: | ||
| Cumulative foreign currency translation adjustments | 211,860 | 175,040 |
| Defined benefit pension and other postretirement plans, net of tax | (14,740) | (43,207) |
| Investment securities available-for-sale, net of tax | (3,442) | (22,996) |
| Total accumulated other comprehensive income | 193,678 | 108,837 |
| Total Stockholders' Equity | 3,503,760 | 1,927,355 |
| Non-controlling interests | 8,107 | 4,620 |
| Total Equity | 3,511,867 | 1,931,975 |
| Total Liabilities and Equity | 7,470,279 | 6,475,849 |
| Class of Stock | ||
| Class A common stock | ||
| Common stock | 11 | 10 |
| Class B common stock | ||
| Common stock | 3 | 4 |
| Class M common stock | ||
| Common stock | 0 | 0 |
| External Links | |
| MASTERCARD INC (MA) Fiscal Year 2009 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |