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: 2010 | |||
CONSOLIDATED STATEMENT OF OPERATIONS | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 24, 2011) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Revenues, net | $ 5,539 | 5,099 | 4,992 |
| Operating Expenses | |||
| General and administrative | 1,852 | 1,935 | 1,996 |
| Advertising and marketing | 782 | 756 | 935 |
| Litigation settlements | 5 | 7 | 2,483 |
| Depreciation and amortization | 148 | 141 | 112 |
| Total operating expenses | 2,787 | 2,839 | 5,526 |
| Operating income (loss) | 2,752 | 2,260 | (534) |
| Other Income (Expense) | |||
| Investment income, net | 57 | 58 | 183 |
| Interest expense | (52) | (115) | (104) |
| Other income (expense), net | 15 | 72 | |
| Total other income (expense) | 5 | (42) | 151 |
| Income (loss) before income taxes | 2,757 | 2,218 | (383) |
| Income tax expense (benefit) | 910 | 755 | (129) |
| Net income (loss) | 1,847 | 1,463 | (254) |
| Income attributable to non-controlling interests | (1) | ||
| Net Income (Loss) Attributable to MasterCard | 1,846 | 1,463 | (254) |
| Basic Earnings (Loss) per Share (Note 3) | 14.10 | 11.19 | (1.94) |
| Basic Weighted Average Shares Outstanding (Note 3) | 131 | 130 | 130 |
| Diluted Earnings (Loss) per Share (Note 3) | 14.05 | 11.16 | (1.94) |
| Diluted Weighted Average Shares Outstanding (Note 3) | 131 | 130 | 130 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MASTERCARD INC | |||
Ticker: MA Fiscal Year: 2010 | |||
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS) | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 24, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Net income (loss) | $ 1,847 | 1,463 | (254) |
| Other comprehensive income (loss): | |||
| Foreign currency translation adjustments | (107) | 37 | (41) |
| Defined benefit pension and postretirement plans | 5 | 45 | (63) |
| Income tax effect | (2) | (17) | 23 |
| Defined benefit pension and postretirement plans | 3 | 28 | (40) |
| Investment securities available-for-sale | 17 | 33 | (52) |
| Income tax effect | (6) | (12) | 18 |
| Investment securities available-for-sale | 11 | 21 | (34) |
| Reclassification adjustment for investment securities available-for-sale | (9) | (2) | (84) |
| Income tax effect | 3 | 1 | 30 |
| Reclassification adjustment for investment securities available-for-sale | (6) | (1) | (54) |
| Other comprehensive income (loss), net of tax | (99) | 85 | (169) |
| Comprehensive Income (Loss) | 1,748 | 1,548 | (423) |
| Income attributable to non-controlling interests | (1) | ||
| Comprehensive Income Attributable to MasterCard | 1,747 | 1,548 | (423) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MASTERCARD INC | |||
Ticker: MA Fiscal Year: 2010 | |||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 24, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Operating Activities | |||
| Net income (loss) | $ 1,847 | 1,463 | (254) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 148 | 141 | 112 |
| Gain on sale of Redecard S.A. available-for-sale securities | (86) | ||
| Share based payments | 63 | 88 | 61 |
| Stock units withheld for taxes | (126) | (28) | (67) |
| Tax benefit for share based compensation | (85) | (39) | (48) |
| Impairment of assets | 4 | 16 | 13 |
| Accretion of imputed interest on litigation settlements | 35 | 86 | 77 |
| Deferred income taxes | 248 | 337 | (484) |
| Other | 2 | (11) | 15 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (115) | 122 | (116) |
| Income taxes receivable | (50) | 190 | (198) |
| Settlement due from customers | (61) | 54 | 183 |
| Prepaid expenses | (48) | (113) | (101) |
| Obligations under litigation settlements | (603) | (939) | 1,255 |
| Accounts payable | (19) | 34 | 8 |
| Settlement due to customers | 186 | (66) | (53) |
| Accrued expenses | 265 | 82 | 51 |
| Net change in other assets and liabilities | 6 | (39) | 45 |
| Net cash provided by operating activities | 1,697 | 1,378 | 413 |
| Investing Activities | |||
| Acquisition of business, net of cash acquired | (498) | (3) | (82) |
| Purchases of property, plant and equipment | (61) | (57) | (76) |
| Capitalized software | (90) | (83) | (95) |
| Purchases of investment securities available-for-sale | (329) | (333) | (520) |
| Purchases of investment securities held-to-maturity | (300) | ||
| Proceeds from sales of investment securities, available-for-sale | 297 | 98 | 965 |
| Proceeds from maturities of available-for-sale securities | 110 | 36 | 12 |
| Investment in nonmarketable equity investments | (67) | (18) | |
| Other investing activities | (3) | (4) | (2) |
| Net cash (used in) provided by investing activities | (641) | (664) | 202 |
| Financing Activities | |||
| Tax benefit for share based compensation | 85 | 39 | 48 |
| Exercise of stock options | 11 | 9 | 9 |
| Dividends paid | (79) | (79) | (79) |
| Investment in (redemption of) non-controlling interest | 2 | (5) | |
| Purchase of treasury stock | (649) | ||
| Payment of debt | (149) | (80) | |
| Net cash provided by (used in) financing activities | 19 | (185) | (751) |
| Effect of exchange rate changes on cash and cash equivalents | (63) | 21 | (18) |
| Net increase (decrease) in cash and cash equivalents | 1,012 | 550 | (154) |
| Cash and cash equivalents-beginning of period | 2,055 | 1,505 | |
| Cash and cash equivalents-end of period | 3,067 | 2,055 | 1,505 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MASTERCARD INC | ||
Ticker: MA Fiscal Year: 2010 | ||
CONSOLIDATED BALANCE SHEET | ||
Period Ending Dec 31, 2010 10-K (Filed: Feb 24, 2011) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2010 | Dec 31, 2009 | |
| ASSETS | ||
| Cash and cash equivalents | $ 3,067 | 2,055 |
| Investment securities available-for-sale, at fair value | 831 | 824 |
| Investment securities held-to-maturity | 300 | |
| Accounts receivable | 650 | 536 |
| Settlement due from customers | 497 | 459 |
| Restricted security deposits held for customers | 493 | 446 |
| Prepaid expenses | 315 | 313 |
| Deferred income taxes | 216 | 244 |
| Other current assets | 85 | 126 |
| Total Current Assets | 6,454 | 5,003 |
| Property, plant and equipment, at cost, net of accumulated depreciation | 439 | 449 |
| Deferred income taxes | 5 | 264 |
| Goodwill | 677 | 309 |
| Other intangible assets, net of accumulated amortization | 530 | 415 |
| Auction rate securities available-for-sale, at fair value | 106 | 180 |
| Investment securities held-to-maturity | 36 | 338 |
| Prepaid expenses | 365 | 328 |
| Other assets | 225 | 184 |
| Total Assets | 8,837 | 7,470 |
| LIABILITIES AND EQUITY | ||
| Accounts payable | 272 | 290 |
| Settlement due to customers | 636 | 478 |
| Restricted security deposits held for customers | 493 | 446 |
| Obligations under litigation settlements | 298 | 607 |
| Accrued expenses | 1,315 | 1,225 |
| Other current liabilities | 129 | 121 |
| Total Current Liabilities | 3,143 | 3,167 |
| Deferred income taxes | 74 | 80 |
| Obligations under litigation settlements | 4 | 263 |
| Long-term debt | 22 | |
| Other liabilities | 400 | 426 |
| Total Liabilities | 3,621 | 3,958 |
| Commitments and Contingencies (Notes 19, 20 and 22) | ||
| Stockholders' Equity | ||
| Additional paid-in-capital | 3,445 | 3,412 |
| Class A treasury stock, at cost, 6,740,590 shares, respectively | (1,250) | (1,250) |
| Retained earnings | 2,915 | 1,148 |
| Accumulated other comprehensive income: | ||
| Cumulative foreign currency translation adjustments | 105 | 212 |
| Defined benefit pension and other postretirement plans, net of tax | (12) | (15) |
| Investment securities available-for-sale, net of tax | 2 | (3) |
| Total accumulated other comprehensive income | 95 | 194 |
| Total Stockholders' Equity | 5,205 | 3,504 |
| Non-controlling interests | 11 | 8 |
| Total Equity | 5,216 | 3,512 |
| Total Liabilities and Equity | 8,837 | 7,470 |
| Class of Stock | ||
| Class A Common Stock | ||
| Common stock value | ||
| Class B Common Stock | ||
| Common stock value | ||
| Class M Common Stock | ||
| Common stock value | ||
| External Links | |
| MASTERCARD INC (MA) Fiscal Year 2010 | |
| 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 |