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: 2011 | |||
Consolidated Statement of Operations | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 16, 2012) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Revenues, net | $ 6,714 | 5,539 | 5,099 |
| Operating Expenses | |||
| General and administrative | 2,196 | 1,857 | 1,942 |
| Advertising and marketing | 841 | 782 | 756 |
| Provision for litigation settlement | 770 | 0 | 0 |
| Depreciation and amortization | 194 | 148 | 141 |
| Total operating expenses | 4,001 | 2,787 | 2,839 |
| Operating income | 2,713 | 2,752 | 2,260 |
| Other Income (Expense) | |||
| Investment income | 52 | 57 | 58 |
| Interest expense | (25) | (52) | (115) |
| Other income (expense), net | (6) | 0 | (15) |
| Total other income (expense) | 33 | 5 | (42) |
| Income before income taxes | 2,746 | 2,757 | 2,218 |
| Income tax expense | 842 | 910 | 755 |
| Net income | 1,904 | 1,847 | 1,463 |
| Loss (income) attributable to non-controlling interests | 2 | (1) | 0 |
| Net income attributable to MasterCard | 1,906 | 1,846 | 1,463 |
| Basic Earnings per Share | 14.90 | 14.10 | 11.19 |
| Basic Weighted Average Shares Outstanding | 128 | 131 | 130 |
| Diluted Earnings per Share | 14.85 | 14.05 | 11.16 |
| Diluted Weighted Average Shares Outstanding | 128 [1] | 131 | 130 |
| [1] For the years presented, the calculation of diluted EPS excluded a minimal amount of antidilutive share-based payment awards. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MASTERCARD INC | |||
Ticker: MA Fiscal Year: 2011 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 16, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Net Income | $ 1,904 | 1,847 | 1,463 |
| Other comprehensive (loss) income: | |||
| Foreign currency translation adjustments | (75) | (107) | 37 |
| Defined benefit pension and postretirement plans | (31) | 5 | 45 |
| Income tax effect | 11 | (2) | (17) |
| Net of Tax | (20) | 3 | 28 |
| Investment securities available for sale | (11) | 17 | 33 |
| Income tax effect | 4 | (6) | (12) |
| Net of Tax | (7) | 11 | 21 |
| Reclassification adjustment for investment securities available-for-sale | 8 | (9) | (2) |
| Income tax effect | (3) | 3 | 1 |
| Net of Tax | 5 | (6) | (1) |
| Other comprehensive (loss) income, net of tax | (97) | (99) | 85 |
| Comprehensive Income | 1,807 | 1,748 | 1,548 |
| Loss (income) attributable to non-controlling interests | 2 | (1) | 0 |
| Comprehensive Income Attributable to MasterCard | 1,809 | 1,747 | 1,548 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MASTERCARD INC | |||
Ticker: MA Fiscal Year: 2011 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 16, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Operating Activities | |||
| Net income | $ 1,904 | 1,847 | 1,463 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 194 | 148 | 141 |
| Share based payments | 80 | 63 | 88 |
| Stock units withheld for taxes | (33) | (126) | (28) |
| Tax benefit for share based compensation | (12) | (85) | (39) |
| Accretion of imputed interest on litigation settlements | 5 | 35 | 86 |
| Deferred income taxes | (175) | 248 | 337 |
| Other | 14 | 6 | 5 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (162) | (115) | 122 |
| Income taxes receivable | 0 | (50) | 190 |
| Settlement due from customers | (114) | (61) | 54 |
| Prepaid expenses | 27 | (48) | (113) |
| Obligations under litigation settlements | (303) | (603) | (939) |
| Accrued litigation | 770 | 0 | 0 |
| Accounts payable | 67 | (19) | 34 |
| Settlement due to customers | 74 | 186 | (66) |
| Accrued expenses | 296 | 265 | 82 |
| Net change in other assets and liabilities | 52 | 6 | (39) |
| Net cash provided by operating activities | 2,684 | 1,697 | 1,378 |
| Investing Activities | |||
| Acquisition of business, net of cash acquired | (460) | (498) | (3) |
| Purchases of property, plant and equipment | (77) | (61) | (57) |
| Capitalized software | (100) | (90) | (83) |
| Purchases of investment securities available-for-sale | (899) | (329) | (333) |
| Purchases of investment securities held-to-maturity | 0 | 0 | (300) |
| Proceeds from sales of investment securities available-for-sale | 485 | 297 | 98 |
| Proceeds from maturities of investment securities available-for-sale | 63 | 110 | 36 |
| Proceeds from maturities of investment securities held-to-maturity | 300 | 0 | 0 |
| Investment in nonmarketable equity investments | (74) | (67) | (18) |
| Other investing activities | 14 | (3) | (4) |
| Net cash used in investing activities | (748) | (641) | (664) |
| Financing Activities | |||
| Purchases of treasury stock | (1,148) | 0 | 0 |
| Payment of debt | (21) | 0 | (149) |
| Dividends paid | (77) | (79) | (79) |
| Tax benefit for share based compensation | 12 | 85 | 39 |
| Investment in (redemption of) non-controlling interest | 0 | 2 | (5) |
| Cash proceeds from exercise of stock options | 19 | 11 | 9 |
| Net cash (used in) provided by financing activities | (1,215) | 19 | (185) |
| Effect of exchange rate changes on cash and cash equivalents | (54) | (63) | 21 |
| Net increase in cash and cash equivalents | 667 | 1,012 | 550 |
| Cash and cash equivalents - beginning of period | 3,067 | 2,055 | |
| Cash and cash equivalents - end of period | 3,734 | 3,067 | 2,055 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MASTERCARD INC | ||
Ticker: MA Fiscal Year: 2011 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2011 10-K (Filed: Feb 16, 2012) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2011 | Dec 31, 2010 | |
| ASSETS | ||
| Cash and cash equivalents | $ 3,734 | 3,067 |
| Investment securities available-for-sale, at fair value | 1,215 | 831 |
| Investment securities held-to-maturity | 0 | 300 |
| Accounts receivable | 808 | 650 |
| Settlement due from customers | 601 | 497 |
| Restricted security deposits held for customers | 636 | 493 |
| Prepaid expenses and other current assets | 404 | 400 |
| Deferred income taxes | 343 | 216 |
| Total Current Assets | 7,741 | 6,454 |
| Property, plant and equipment, at cost, net of accumulated depreciation | 449 | 439 |
| Deferred income taxes | 88 | 5 |
| Goodwill | 1,014 | 677 |
| Other intangible assets, net of accumulated amortization | 665 | 530 |
| Auction rate securities available-for-sale, at fair value | 70 | 106 |
| Investment securities held-to-maturity | 36 | 36 |
| Other assets | 630 | 590 |
| Total Assets | 10,693 | 8,837 |
| LIABILITIES AND EQUITY | ||
| Accounts payable | 360 | 272 |
| Settlement due to customers | 699 | 636 |
| Restricted security deposits held for customers | 636 | 493 |
| Obligations under litigation settlements | 4 | 298 |
| Accrued litigation | 770 | 0 |
| Accrued expenses | 1,610 | 1,315 |
| Other current liabilities | 138 | 129 |
| Total Current Liabilities | 4,217 | 3,143 |
| Deferred income taxes | 113 | 74 |
| Other liabilities | 486 | 404 |
| Total Liabilities | 4,816 | 3,621 |
| Commitments and Contingencies | ||
| Stockholders' Equity | ||
| Additional paid-in-capital | 3,519 | 3,445 |
| Class A treasury stock, at cost, 11,153,333 and 6,740,590 shares, respectively | (2,394) | (1,250) |
| Retained earnings | 4,745 | 2,915 |
| Accumulated other comprehensive (loss) income: | ||
| Cumulative foreign currency translation adjustments | 30 | 105 |
| Defined benefit pension and other postretirement plans, net of tax | (32) | (12) |
| Investment securities available-for-sale, net of tax | 0 | 2 |
| Total accumulated other comprehensive (loss) income | (2) | 95 |
| Total Stockholders' Equity | 5,868 | 5,205 |
| Non-controlling interests | 9 | 11 |
| Total Equity | 5,877 | 5,216 |
| Total Liabilities and Equity | 10,693 | 8,837 |
| Class of Stock | ||
| Class A Common Stock | ||
| Common stock value | 0 | 0 |
| Class B Common Stock | ||
| Common stock value | 0 | 0 |
| External Links | |
| MASTERCARD INC (MA) Fiscal Year 2011 | |
| 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 |