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: 2012 | |||
Consolidated Statement of Operations | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 14, 2013) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Revenues, net | $ 7,391 | 6,714 | 5,539 |
| Operating Expenses | |||
| General and administrative | 2,429 | 2,196 | 1,857 |
| Advertising and marketing | 775 | 841 | 782 |
| Provision for litigation settlement | 20 | 770 | 0 |
| Depreciation and amortization | 230 | 194 | 148 |
| Total operating expenses | 3,454 | 4,001 | 2,787 |
| Operating income | 3,937 | 2,713 | 2,752 |
| Other Income (Expense) | |||
| Investment income | 37 | 52 | 57 |
| Interest expense | (20) | (25) | (52) |
| Other income (expense), net | (22) | 6 | 0 |
| Total other income (expense) | (5) | 33 | 5 |
| Total income before income taxes | 3,932 | 2,746 | 2,757 |
| Income tax expense | 1,174 | 842 | 910 |
| Net income | 2,758 | 1,904 | 1,847 |
| Loss (income) attributable to non-controlling interests | 1 | 2 | (1) |
| Net Income Attributable to MasterCard | 2,759 | 1,906 | 1,846 |
| Basic Earnings per Share | 22.02 | 14.90 | 14.10 |
| Basic Weighted-Average Shares Outstanding | 125 | 128 | 131 |
| Diluted Earnings per Share | 21.94 | 14.85 | 14.05 |
| Diluted Weighted-Average Shares Outstanding | 126 | 128 [1] | 131 |
| [1] For the years presented, the calculation of diluted EPS excluded a minimal amount of anti-dilutive share-based payment awards. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MASTERCARD INC | |||
Ticker: MA Fiscal Year: 2012 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 14, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Net Income | $ 2,758 | 1,904 | 1,847 |
| Other comprehensive income (loss): | |||
| Foreign currency translation adjustments | 63 | (75) | (107) |
| Defined benefit pension and postretirement plans | (8) | (31) | 5 |
| Income tax effect | 3 | 11 | (2) |
| Net of Tax | (5) | (20) | 3 |
| Investment securities available-for-sale | 9 | (11) | 17 |
| Income tax effect | (3) | 4 | (6) |
| Net of Tax | 6 | (7) | 11 |
| Reclassification adjustment for investment securities available-for-sale | (2) | 8 | (9) |
| Income tax effect | 1 | (3) | 3 |
| Net of Tax | (1) | 5 | (6) |
| Other comprehensive income (loss), net of tax | 63 | (97) | (99) |
| Comprehensive Income | 2,821 | 1,807 | 1,748 |
| Loss (income) attributable to non-controlling interests | 1 | 2 | (1) |
| Comprehensive Income Attributable to MasterCard | 2,822 | 1,809 | 1,747 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MASTERCARD INC | |||
Ticker: MA Fiscal Year: 2012 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 14, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Operating Activities | |||
| Net income | $ 2,758 | 1,904 | 1,847 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 230 | 194 | 148 |
| Share based payments | 89 | 80 | 63 |
| Stock units withheld for taxes | (42) | (33) | (126) |
| Tax benefit for share based compensation | (47) | (12) | (85) |
| Deferred income taxes | 241 | (175) | 248 |
| Other | 53 | 19 | 41 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (121) | (162) | (115) |
| Income taxes receivable | (185) | 0 | (50) |
| Settlement due from customers | (500) | (114) | (61) |
| Prepaid expenses | (81) | 27 | (48) |
| Obligations under litigation settlements | 0 | (303) | (603) |
| Accrued litigation | (44) | 770 | 0 |
| Accounts payable | (2) | 67 | (19) |
| Settlement due to customers | 348 | 74 | 186 |
| Accrued expenses | 221 | 296 | 265 |
| Net change in other assets and liabilities | 30 | 52 | 6 |
| Net cash provided by operating activities | 2,948 | 2,684 | 1,697 |
| Investing Activities | |||
| Increase in restricted cash for litigation settlement | (726) | 0 | 0 |
| Acquisition of businesses, net of cash acquired | (70) | (460) | (498) |
| Purchases of property, plant and equipment | (96) | (77) | (61) |
| Capitalized software | (122) | (100) | (90) |
| Purchases of investment securities available-for-sale | (2,981) | (899) | (329) |
| Proceeds from sales of investment securities available-for-sale | 390 | 485 | 297 |
| Proceeds from maturities of investment securities available-for-sale | 891 | 63 | 110 |
| Proceeds from maturities of investment securities held-to-maturity | 0 | 300 | 0 |
| Investment in nonmarketable equity investments | (118) | (74) | (67) |
| Other investing activities | (7) | 14 | (3) |
| Net cash used in investing activities | (2,839) | (748) | (641) |
| Financing Activities | |||
| Purchases of treasury stock | (1,748) | (1,148) | 0 |
| Dividends paid | (132) | (77) | (79) |
| Payment of debt | 0 | (21) | 0 |
| Tax benefit for share based compensation | 47 | 12 | 85 |
| Cash proceeds from exercise of stock options | 31 | 19 | 11 |
| Other financing activities | 4 | 0 | 2 |
| Net cash (used in) provided by financing activities | (1,798) | (1,215) | 19 |
| Effect of exchange rate changes on cash and cash equivalents | 7 | (54) | (63) |
| Net (decrease) increase in cash and cash equivalents | (1,682) | 667 | 1,012 |
| Cash and cash equivalents - beginning of period | 3,734 | 3,067 | |
| Cash and cash equivalents - end of period | 2,052 | 3,734 | 3,067 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MASTERCARD INC | ||
Ticker: MA Fiscal Year: 2012 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2012 10-K (Filed: Feb 14, 2013) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2012 | Dec 31, 2011 | |
| ASSETS | ||
| Cash and cash equivalents | $ 2,052 | 3,734 |
| Restricted cash for litigation settlement | 726 | 0 |
| Investment securities available-for-sale, at fair value | 2,951 | 1,215 |
| Accounts receivable | 925 | 808 |
| Settlement due from customers | 1,117 | 601 |
| Restricted security deposits held for customers | 777 | 636 |
| Prepaid expenses and other current assets | 681 | 404 |
| Deferred income taxes | 128 | 343 |
| Total Current Assets | 9,357 | 7,741 |
| Property, plant and equipment, at cost, net | 472 | 449 |
| Deferred income taxes | 60 | 88 |
| Goodwill | 1,092 | 1,014 |
| Other intangible assets, net | 672 | 665 |
| Other assets | 809 | 736 |
| Total Assets | 12,462 | 10,693 |
| LIABILITIES AND EQUITY | ||
| Accounts payable | 357 | 360 |
| Settlement due to customers | 1,064 | 699 |
| Restricted security deposits held for customers | 777 | 636 |
| Accrued litigation | 726 | 770 |
| Accrued expenses | 1,748 | 1,610 |
| Other current liabilities | 234 | 142 |
| Total Current Liabilities | 4,906 | 4,217 |
| Deferred income taxes | 104 | 113 |
| Other liabilities | 523 | 486 |
| Total Liabilities | 5,533 | 4,816 |
| Commitments and Contingencies | ||
| Stockholders' Equity | ||
| Additional paid-in-capital | 3,641 | 3,519 |
| Class A treasury stock, at cost, 15,199,828 and 11,153,333 shares, respectively | (4,139) | (2,394) |
| Retained earnings | 7,354 | 4,745 |
| Accumulated other comprehensive income (loss) | 61 | (2) |
| Total Stockholders' Equity | 6,917 | 5,868 |
| Non-controlling interests | 12 | 9 |
| Total Equity | 6,929 | 5,877 |
| Total Liabilities and Equity | 12,462 | 10,693 |
| 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 2012 | |
| 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 |