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: 2016 | |||
Consolidated Statement of Operations | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 15, 2017) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Net Revenue | $ 10,776 | 9,667 | 9,441 |
| Operating Expenses | |||
| General and administrative | 3,714 | 3,341 | 3,152 |
| Advertising and marketing | 811 | 821 | 862 |
| Depreciation and amortization | 373 | 366 | 321 |
| Provision for litigation settlements | 117 | 61 | 0 |
| Total operating expenses | 5,015 | 4,589 | 4,335 |
| Operating income | 5,761 | 5,078 | 5,106 |
| Other Income (Expense) | |||
| Investment income | 43 | 25 | 28 |
| Interest expense | (95) | (61) | (48) |
| Other income (expense), net | (63) | (84) | (7) |
| Total other income (expense) | (115) | (120) | (27) |
| Income before income taxes | 5,646 | 4,958 | 5,079 |
| Income tax expense | 1,587 | 1,150 | 1,462 |
| Net Income | 4,059 | 3,808 | 3,617 |
| Basic Earnings per Share | 3.70 | 3.36 | 3.11 |
| Basic Weighted-Average Shares Outstanding | 1,098 | 1,134 | 1,165 |
| Diluted Earnings per Share | 3.69 | 3.35 | 3.10 |
| Diluted Weighted-Average Shares Outstanding | 1,101 | 1,137 | 1,169 [1] |
| [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: 2016 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 15, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Net Income | $ 4,059 | 3,808 | 3,617 |
| Other comprehensive income (loss): | |||
| Foreign currency translation adjustments | (275) | (460) | (436) |
| Income tax effect | (11) | 27 | 0 |
| Foreign currency translation adjustments, net of income tax effect | (286) | (433) | (436) |
| Translation adjustments on net investment hedge | 60 | (40) | 0 |
| Income tax effect | (22) | 14 | 0 |
| Translation adjustments on net investment hedge, net of income tax effect | 38 | (26) | 0 |
| Defined benefit pension and other postretirement plans | (1) | (19) | (3) |
| Income tax effect | 0 | 7 | 2 |
| Defined benefit pension and other postretirement plans, net of income tax effect | (1) | (12) | (1) |
| Reclassification adjustment for defined benefit pension and other postretirement plans | (1) | 80 | 7 |
| Income tax effect | 0 | (29) | (3) |
| Reclassification adjustment for defined benefit pension and other postretirement plans, net of income tax effect | (1) | 51 | 4 |
| Investment securities available-for-sale | 3 | (11) | (5) |
| Income tax effect | (1) | 0 | 1 |
| Investment securities available-for-sale, net of income tax effect | 2 | (11) | (4) |
| Reclassification adjustment for investment securities available-for-sale | 0 | 15 | (1) |
| Income tax effect | 0 | 0 | 0 |
| Reclassification adjustment for investment securities available-for-sale, net of income tax effect | 0 | 15 | (1) |
| Other comprehensive income (loss), net of income tax effect | (248) | (416) | (438) |
| Comprehensive Income | 3,811 | 3,392 | 3,179 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MASTERCARD INC | |||
Ticker: MA Fiscal Year: 2016 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 15, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Operating Activities | |||
| Net income | $ 4,059 | 3,808 | 3,617 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Amortization of customer and merchant incentives | 860 | 764 | 691 |
| Depreciation and amortization | 373 | 366 | 321 |
| Share-based payments | 50 | 22 | (15) |
| Deferred income taxes | (20) | (16) | (91) |
| Other | 29 | (81) | 52 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (338) | (35) | (164) |
| Income taxes receivable | (1) | (14) | (8) |
| Settlement due from customers | (10) | (98) | 185 |
| Prepaid expenses | (1,073) | (802) | (1,316) |
| Accrued litigation and legal settlements | 17 | (63) | (115) |
| Accounts payable | 145 | 49 | 61 |
| Settlement due to customers | 66 | (186) | (165) |
| Accrued expenses | 520 | 325 | 389 |
| Net change in other assets and liabilities | (193) | 4 | (35) |
| Net cash provided by operating activities | 4,484 | 4,043 | 3,407 |
| Investing Activities | |||
| Purchases of investment securities available-for-sale | (957) | (974) | (2,385) |
| Purchases of investments held-to-maturity | (867) | (918) | 0 |
| Proceeds from sales of investment securities available-for-sale | 277 | 703 | 2,477 |
| Proceeds from maturities of investment securities available-for-sale | 339 | 542 | 1,358 |
| Proceeds from maturities of investments held-to-maturity | 456 | 857 | 0 |
| Purchases of property, plant and equipment | (215) | (177) | (175) |
| Capitalized software | (167) | (165) | (159) |
| Acquisition of businesses, net of cash acquired | 0 | (584) | (525) |
| (Increase) decrease in restricted cash for litigation settlement | (2) | (1) | 183 |
| Other investing activities | (31) | 2 | (84) |
| Net cash (used in) provided by investing activities | (1,167) | (715) | 690 |
| Financing Activities | |||
| Purchases of treasury stock | (3,511) | (3,518) | (3,386) |
| Proceeds from debt | 1,972 | 1,735 | 1,530 |
| Dividends paid | (837) | (727) | (515) |
| Tax benefit for share-based payments | 48 | 42 | 54 |
| Cash proceeds from exercise of stock options | 37 | 27 | 28 |
| Other financing activities | (2) | (17) | (50) |
| Net cash used in financing activities | (2,293) | (2,458) | (2,339) |
| Effect of exchange rate changes on cash and cash equivalents | (50) | (260) | (220) |
| Net increase in cash and cash equivalents | 974 | 610 | 1,538 |
| Cash and cash equivalents - beginning of period | 5,747 | 5,137 | |
| Cash and cash equivalents - end of period | 6,721 | 5,747 | 5,137 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MASTERCARD INC | ||
Ticker: MA Fiscal Year: 2016 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2016 10-K (Filed: Feb 15, 2017) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2016 | Dec 31, 2015 | |
| ASSETS | ||
| Cash and cash equivalents | $ 6,721 | 5,747 |
| Restricted cash for litigation settlement | 543 | 541 |
| Investments | 1,614 | 991 |
| Accounts receivable | 1,416 | 1,079 |
| Settlement due from customers | 1,093 | 1,068 |
| Restricted security deposits held for customers | 991 | 895 |
| Prepaid expenses and other current assets | 850 | 663 |
| Total Current Assets | 13,228 | 10,984 |
| Property, plant and equipment, net | 733 | 675 |
| Deferred income taxes | 307 | 317 |
| Goodwill | 1,756 | 1,891 |
| Other intangible assets, net | 722 | 803 |
| Other assets | 1,929 | 1,580 |
| Total Assets | 18,675 | 16,250 |
| LIABILITIES AND EQUITY | ||
| Accounts payable | 609 | 472 |
| Settlement due to customers | 946 | 866 |
| Restricted security deposits held for customers | 991 | 895 |
| Accrued litigation | 722 | 709 |
| Accrued expenses | 3,318 | 2,763 |
| Other current liabilities | 620 | 564 |
| Total Current Liabilities | 7,206 | 6,269 |
| Long-term debt | 5,180 | 3,268 |
| Deferred income taxes | 81 | 79 |
| Other liabilities | 524 | 572 |
| Total Liabilities | 12,991 | 10,188 |
| Commitments and Contingencies | ||
| Stockholders Equity | ||
| Additional paid-in-capital | 4,183 | 4,004 |
| Class A treasury stock, at cost, 312 and 275 shares, respectively | (17,021) | (13,522) |
| Retained earnings | 19,418 | 16,222 |
| Accumulated other comprehensive income (loss) | (924) | (676) |
| Total Stockholders Equity | 5,656 | 6,028 |
| Non-controlling interests | 28 | 34 |
| Total Equity | 5,684 | 6,062 |
| Total Liabilities and Equity | 18,675 | 16,250 |
| Class of Stock | ||
| Class A Common Stock | ||
| Common stock value | 0 | 0 |
| Total Equity | 0 | 0 |
| Class B Common Stock | ||
| Common stock value | 0 | 0 |
| Total Equity | 0 | 0 |
| External Links | |
| MASTERCARD INC (MA) Fiscal Year 2016 | |
| 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 |