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: 2017 | |||
Consolidated Statement of Operations | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 14, 2018) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Net Revenue | $ 12,497 | 10,776 | 9,667 |
| Operating Expenses | |||
| General and administrative | 4,526 | 3,714 | 3,341 |
| Advertising and marketing | 898 | 811 | 821 |
| Depreciation and amortization | 436 | 373 | 366 |
| Provision for litigation settlements | 15 | 117 | 61 |
| Total operating expenses | 5,875 | 5,015 | 4,589 |
| Operating income | 6,622 | 5,761 | 5,078 |
| Other Income (Expense) | |||
| Investment income | 56 | 43 | 25 |
| Interest expense | (154) | (95) | (61) |
| Other income (expense), net | (2) | (63) | (84) |
| Total other income (expense) | (100) | (115) | (120) |
| Income before income taxes | 6,522 | 5,646 | 4,958 |
| Income tax expense | 2,607 | 1,587 | 1,150 |
| Net Income | 3,915 | 4,059 | 3,808 |
| Basic Earnings per Share | 3.67 | 3.70 | 3.36 |
| Basic Weighted-Average Shares Outstanding | 1,067 | 1,098 | 1,134 |
| Diluted Earnings per Share | 3.65 | 3.69 | 3.35 |
| Diluted Weighted-Average Shares Outstanding | 1,072 | 1,101 | 1,137 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MASTERCARD INC | |||
Ticker: MA Fiscal Year: 2017 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 14, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Net Income | $ 3,915 | 4,059 | 3,808 |
| Other comprehensive income (loss): | |||
| Foreign currency translation adjustments | 565 | (275) | (460) |
| Income tax effect | 2 | (11) | 27 |
| Foreign currency translation adjustments, net of income tax effect | 567 | (286) | (433) |
| Translation adjustments on net investment hedge | (236) | 60 | (40) |
| Income tax effect | 83 | (22) | 14 |
| Translation adjustments on net investment hedge, net of income tax effect | (153) | 38 | (26) |
| Defined benefit pension and other postretirement plans | 17 | (1) | (19) |
| Income tax effect | (2) | 0 | 7 |
| Defined benefit pension and other postretirement plans, net of income tax effect | 15 | (1) | (12) |
| Reclassification adjustment for defined benefit pension and other postretirement plans | (2) | (1) | 80 |
| Income tax effect | 1 | 0 | (29) |
| Reclassification adjustment for defined benefit pension and other postretirement plans, net of income tax effect | (1) | (1) | 51 |
| Investment securities available-for-sale | (3) | 3 | (11) |
| Income tax effect | 2 | (1) | 0 |
| Investment securities available-for-sale, net of income tax effect | (1) | 2 | (11) |
| Reclassification adjustment for investment securities available-for-sale | 0 | 0 | 15 |
| Income tax effect | 0 | 0 | 0 |
| Reclassification adjustment for investment securities available-for-sale, net of income tax effect | 0 | 0 | 15 |
| Other comprehensive income (loss), net of income tax effect | 427 | (248) | (416) |
| Comprehensive Income | 4,342 | 3,811 | 3,392 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MASTERCARD INC | |||
Ticker: MA Fiscal Year: 2017 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 14, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Operating Activities | |||
| Net income | $ 3,915 | 4,059 | 3,808 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Amortization of customer and merchant incentives | 1,001 | 860 | 764 |
| Depreciation and amortization | 437 | 373 | 366 |
| Share-based compensation | 176 | 149 | 122 |
| Tax benefit for share-based payments | 0 | (48) | (42) |
| Deferred income taxes | 86 | (20) | (16) |
| Venezuela charge | 167 | 0 | 0 |
| Other | 59 | 29 | (81) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (445) | (338) | (35) |
| Settlement due from customers | (281) | (10) | (98) |
| Prepaid expenses | (1,402) | (1,073) | (802) |
| Accrued litigation and legal settlements | (15) | 17 | (63) |
| Accounts payable | 290 | 145 | 49 |
| Settlement due to customers | 394 | 66 | (186) |
| Accrued expenses | 589 | 520 | 325 |
| Long-term taxes payable | 577 | 0 | 0 |
| Net change in other assets and liabilities | 7 | (194) | (10) |
| Net cash provided by operating activities | 5,555 | 4,535 | 4,101 |
| Investing Activities | |||
| Purchases of investment securities available-for-sale | (714) | (957) | (974) |
| Purchases of investments held-to-maturity | (1,145) | (867) | (918) |
| Proceeds from sales of investment securities available-for-sale | 304 | 277 | 703 |
| Proceeds from maturities of investment securities available-for-sale | 500 | 339 | 542 |
| Proceeds from maturities of investments held-to-maturity | 1,020 | 456 | 857 |
| Purchases of property, plant and equipment | (300) | (215) | (177) |
| Capitalized software | (123) | (167) | (165) |
| Acquisition of businesses, net of cash acquired | (1,175) | 0 | (584) |
| Investment in nonmarketable equity investments | (147) | (31) | 2 |
| Other investing activities | 1 | (2) | (1) |
| Net cash used in investing activities | (1,779) | (1,167) | (715) |
| Financing Activities | |||
| Purchases of treasury stock | (3,762) | (3,511) | (3,518) |
| Proceeds from debt | 0 | 1,972 | 1,735 |
| Payment of debt | (64) | 0 | 0 |
| Dividends paid | (942) | (837) | (727) |
| Tax benefit for share-based payments | 0 | 48 | 42 |
| Tax withholdings related to share-based payments | (47) | (51) | (58) |
| Cash proceeds from exercise of stock options | 57 | 37 | 27 |
| Other financing activities | (6) | (2) | (17) |
| Net cash used in financing activities | (4,764) | (2,344) | (2,516) |
| Effect of exchange rate changes on cash and cash equivalents | 200 | (50) | (260) |
| Net (decrease) increase in cash and cash equivalents | (788) | 974 | 610 |
| Cash and cash equivalents - beginning of period | 6,721 | 5,747 | |
| Cash and cash equivalents - end of period | 5,933 | 6,721 | 5,747 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MASTERCARD INC | ||
Ticker: MA Fiscal Year: 2017 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2017 10-K (Filed: Feb 14, 2018) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2017 | Dec 31, 2016 | |
| ASSETS | ||
| Cash and cash equivalents | $ 5,933 | 6,721 |
| Restricted cash for litigation settlement | 546 | 543 |
| Investments | 1,849 | 1,614 |
| Accounts receivable | 1,969 | 1,416 |
| Settlement due from customers | 1,375 | 1,093 |
| Restricted security deposits held for customers | 1,085 | 991 |
| Prepaid expenses and other current assets | 1,040 | 850 |
| Total Current Assets | 13,797 | 13,228 |
| Property, plant and equipment, net | 829 | 733 |
| Deferred income taxes | 250 | 307 |
| Goodwill | 3,035 | 1,756 |
| Other intangible assets, net | 1,120 | 722 |
| Other assets | 2,298 | 1,929 |
| Total Assets | 21,329 | 18,675 |
| LIABILITIES, REDEEMABLE NON-CONTROLLING INTERESTS AND EQUITY | ||
| Accounts payable | 933 | 609 |
| Settlement due to customers | 1,343 | 946 |
| Restricted security deposits held for customers | 1,085 | 991 |
| Accrued litigation | 709 | 722 |
| Accrued expenses | 3,931 | 3,318 |
| Other current liabilities | 792 | 620 |
| Total Current Liabilities | 8,793 | 7,206 |
| Long-term debt | 5,424 | 5,180 |
| Deferred income taxes | 106 | 81 |
| Other liabilities | 1,438 | 524 |
| Total Liabilities | 15,761 | 12,991 |
| Commitments and Contingencies | ||
| Redeemable non-controlling interests | 71 | 0 |
| Stockholders Equity | ||
| Additional paid-in-capital | 4,365 | 4,183 |
| Class A treasury stock, at cost, 342 and 312 shares, respectively | (20,764) | (17,021) |
| Retained earnings | 22,364 | 19,418 |
| Accumulated other comprehensive income (loss) | (497) | (924) |
| Total Stockholders Equity | 5,468 | 5,656 |
| Non-controlling interests | 29 | 28 |
| Total Equity | 5,497 | 5,684 |
| Total Liabilities, Redeemable Non-controlling Interests and Equity | 21,329 | 18,675 |
| 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 2017 | |
| 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 |