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: 2013 | |||
Consolidated Statement of Operations | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 14, 2014) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Net Revenue | $ 8,346 | 7,391 | 6,714 |
| Operating Expenses | |||
| General and administrative | 2,649 | 2,429 | 2,196 |
| Advertising and marketing | 841 | 775 | 841 |
| Depreciation and amortization | 258 | 230 | 194 |
| Provision for litigation settlement | 95 | 20 | 770 |
| Total operating expenses | 3,843 | 3,454 | 4,001 |
| Operating income | 4,503 | 3,937 | 2,713 |
| Other Income (Expense) | |||
| Investment income | 38 | 37 | 52 |
| Interest expense | (14) | (20) | (25) |
| Other income (expense), net | (27) | (21) | 8 |
| Total other income (expense) | (3) | (4) | 35 |
| Income before income taxes | 4,500 | 3,933 | 2,748 |
| Income tax expense | 1,384 | 1,174 | 842 |
| Net Income | 3,116 | 2,759 | 1,906 |
| Basic Earnings per Share | 2.57 | 2.20 | 1.49 |
| Basic Weighted-Average Shares Outstanding | 1,211 | 1,253 | 1,279 [1] |
| Diluted Earnings per Share | 2.56 | 2.19 [1] | 1.48 |
| Diluted Weighted-Average Shares Outstanding | 1,215 | 1,258 | 1,284 [2] |
| [1] The number of shares and per share amounts have been retroactively restated to reflect the ten-for-one stock split of the Company's Class A and Class B common shares, which was effected in the form of a common stock dividend distributed on January 21, 2014. | |||
| [2] 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: 2013 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 14, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Net Income | $ 3,116 | 2,759 | 1,906 |
| Other comprehensive income (loss): | |||
| Foreign currency translation adjustments | 113 | 63 | (75) |
| Defined benefit pension and postretirement plans | 13 | (8) | (31) |
| Income tax effect | (5) | 3 | 11 |
| Defined benefit pension and other postretirement plans, net of income tax effect | 8 | (5) | (20) |
| Investment securities available-for-sale | (3) | 9 | (11) |
| Income tax effect | 2 | (3) | 4 |
| Investment securities available-for-sale, net of income tax effect | (1) | 6 | (7) |
| Reclassification adjustment for investment securities available-for-sale | (5) | (2) | 8 |
| Income tax effect | 2 | 1 | (3) |
| Reclassification adjustment for investment securities available-for-sale, net of income tax effect | (3) | (1) | 5 |
| Other comprehensive income (loss), net of tax | 117 | 63 | (97) |
| Comprehensive Income | 3,233 | 2,822 | 1,809 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MASTERCARD INC | |||
Ticker: MA Fiscal Year: 2013 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 14, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Operating Activities | |||
| Net income | $ 3,116 | 2,759 | 1,906 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 258 | 230 | 194 |
| Share-based payments | 63 | 0 | 35 |
| Deferred income taxes | (119) | 241 | (175) |
| Other | 67 | 52 | 17 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (42) | (121) | (162) |
| Income taxes receivable | 153 | (185) | 0 |
| Settlement due from customers | (194) | (500) | (114) |
| Prepaid expenses | (70) | (81) | 27 |
| Accrued litigation and legal settlements | 160 | (44) | 467 |
| Accounts payable | (20) | (2) | 67 |
| Settlement due to customers | 322 | 348 | 74 |
| Accrued expenses | 315 | 221 | 296 |
| Net change in other assets and liabilities | 126 | 30 | 52 |
| Net cash provided by operating activities | 4,135 | 2,948 | 2,684 |
| Investing Activities | |||
| Purchases of investment securities available-for-sale | (2,526) | (2,981) | (899) |
| Proceeds from sales of investment securities available-for-sale | 1,488 | 390 | 485 |
| Proceeds from maturities of investment securities available-for-sale | 1,321 | 891 | 63 |
| Purchases of property, plant and equipment | (155) | (96) | (77) |
| Capitalized software | (144) | (122) | (100) |
| Proceeds from maturities of investment securities held-to-maturity | 36 | 0 | 300 |
| Investment in nonmarketable equity investments | (20) | (118) | (74) |
| Decrease (increase) in restricted cash for litigation settlement | 3 | (726) | 0 |
| Acquisition of businesses, net of cash acquired | 0 | (70) | (460) |
| Other investing activities | (7) | (7) | 14 |
| Net cash used in investing activities | (4) | (2,839) | (748) |
| Financing Activities | |||
| Purchases of treasury stock | (2,443) | (1,748) | (1,148) |
| Dividends paid | (255) | (132) | (77) |
| Proceeds from debt | 35 | 0 | 0 |
| Cash proceeds from exercise of stock options | 26 | 31 | 19 |
| Tax benefit for share-based compensation | 19 | 47 | 12 |
| Other financing activities | (11) | 4 | (21) |
| Net cash used in financing activities | (2,629) | (1,798) | (1,215) |
| Effect of exchange rate changes on cash and cash equivalents | 45 | 7 | (54) |
| Net increase (decrease) in cash and cash equivalents | 1,547 | (1,682) | 667 |
| Cash and cash equivalents - beginning of period | 2,052 | 3,734 | |
| Cash and cash equivalents - end of period | 3,599 | 2,052 | 3,734 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MASTERCARD INC | ||
Ticker: MA Fiscal Year: 2013 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2013 10-K (Filed: Feb 14, 2014) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2013 | Dec 31, 2012 | |
| ASSETS | ||
| Cash and cash equivalents | $ 3,599 | 2,052 |
| Restricted cash for litigation settlement | 723 | 726 |
| Investment securities available-for-sale, at fair value | 2,696 | 2,951 |
| Accounts receivable | 966 | 925 |
| Settlement due from customers | 1,351 | 1,117 |
| Restricted security deposits held for customers | 911 | 777 |
| Prepaid expenses and other current assets | 471 | 681 |
| Deferred income taxes | 233 | 128 |
| Total Current Assets | 10,950 | 9,357 |
| Property, plant and equipment, net | 526 | 472 |
| Deferred income taxes | 70 | 60 |
| Goodwill | 1,122 | 1,092 |
| Other intangible assets, net | 672 | 672 |
| Other assets | 902 | 809 |
| Total Assets | 14,242 | 12,462 |
| LIABILITIES AND EQUITY | ||
| Accounts payable | 338 | 357 |
| Settlement due to customers | 1,433 | 1,064 |
| Restricted security deposits held for customers | 911 | 777 |
| Accrued litigation | 886 | 726 |
| Accrued expenses | 2,101 | 1,748 |
| Other current liabilities | 363 | 234 |
| Total Current Liabilities | 6,032 | 4,906 |
| Deferred income taxes | 117 | 104 |
| Other liabilities | 598 | 523 |
| Total Liabilities | 6,747 | 5,533 |
| Commitments and Contingencies | ||
| Stockholders' Equity | ||
| Additional paid-in-capital | 3,762 | 3,641 |
| Class A treasury stock, at cost, 192,702,740 and 151,998,280 shares, respectively | (6,577) | (4,139) |
| Retained earnings | 10,121 | 7,354 |
| Accumulated other comprehensive income | 178 | 61 |
| Total Stockholders' Equity | 7,484 | 6,917 |
| Non-controlling interests | 11 | 12 |
| Total Equity | 7,495 | 6,929 |
| Total Liabilities and Equity | 14,242 | 12,462 |
| 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 2013 | |
| 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 |