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: 2018 | |||
Consolidated Statement of Operations | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 13, 2019) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Net revenue | $ 14,950 | 12,497 | 10,776 |
| Operating Expenses | |||
| General and administrative | 5,174 | 4,653 | 3,827 |
| Advertising and marketing | 907 | 771 | 698 |
| Depreciation and amortization | 459 | 436 | 373 |
| Provision for litigation | 1,128 | 15 | 117 |
| Total operating expenses | 7,668 | 5,875 | 5,015 |
| Operating income | 7,282 | 6,622 | 5,761 |
| Other Income (Expense) | |||
| Investment income | 122 | 56 | 43 |
| Interest expense | (186) | (154) | (95) |
| Other income (expense), net | (14) | (2) | (63) |
| Total other income (expense) | (78) | (100) | (115) |
| Income before income taxes | 7,204 | 6,522 | 5,646 |
| Income tax expense | 1,345 | 2,607 | 1,587 |
| Net Income | 5,859 | 3,915 | 4,059 |
| Basic Earnings per Share | 5.63 | 3.67 | 3.70 |
| Basic weighted-average shares outstanding | 1,041 | 1,067 | 1,098 |
| Diluted Earnings per Share | 5.60 | 3.65 | 3.69 |
| Diluted weighted-average shares outstanding | 1,047 | 1,072 | 1,101 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MASTERCARD INC | |||
Ticker: MA Fiscal Year: 2018 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 13, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Net Income | $ 5,859 | 3,915 | 4,059 |
| Other comprehensive income (loss): | |||
| Foreign currency translation adjustments | (319) | 565 | (275) |
| Income tax effect | 40 | 2 | (11) |
| Foreign currency translation adjustments, net of income tax effect | (279) | 567 | (286) |
| Translation adjustments on net investment hedge | 96 | (236) | 60 |
| Income tax effect | (21) | 83 | (22) |
| Translation adjustments on net investment hedge, net of income tax effect | 75 | (153) | 38 |
| Defined benefit pension and other postretirement plans | (18) | 15 | (2) |
| Income tax effect | 3 | (1) | 0 |
| Defined benefit pension and other postretirement plans, net of income tax effect | (15) | 14 | (2) |
| Investment securities available-for-sale | (3) | (3) | 3 |
| Income tax effect | 1 | 2 | (1) |
| Investment securities available-for-sale, net of income tax effect | (2) | (1) | 2 |
| Other comprehensive income (loss), net of income tax effect | (221) | 427 | (248) |
| Comprehensive Income | 5,638 | 4,342 | 3,811 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MASTERCARD INC | |||
Ticker: MA Fiscal Year: 2018 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 13, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Operating Activities | |||
| Net income | $ 5,859 | 3,915 | 4,059 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Amortization of customer and merchant incentives | 1,235 | 1,001 | 860 |
| Depreciation and amortization | 459 | 437 | 373 |
| Share-based compensation | 196 | 176 | 149 |
| Tax benefit for share-based payments | 0 | 0 | (48) |
| Deferred income taxes | (244) | 86 | (20) |
| Venezuela charge | 0 | 167 | 0 |
| Other | 31 | 59 | 29 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (317) | (445) | (338) |
| Income taxes receivable | (120) | (8) | (1) |
| Settlement due from customers | (1,078) | (281) | (10) |
| Prepaid expenses | (1,769) | (1,402) | (1,073) |
| Accrued litigation and legal settlements | 869 | (12) | 17 |
| Restricted security deposits held for customers | (6) | 94 | 96 |
| Accounts payable | 101 | 290 | 145 |
| Settlement due to customers | 849 | 394 | 66 |
| Accrued expenses | 439 | 589 | 520 |
| Long-term taxes payable | (20) | 577 | 0 |
| Net change in other assets and liabilities | (261) | 27 | (187) |
| Net cash provided by operating activities | 6,223 | 5,664 | 4,637 |
| Investing Activities | |||
| Purchases of investment securities available-for-sale | (1,300) | (714) | (957) |
| Purchases of investments held-to-maturity | (509) | (1,145) | (867) |
| Proceeds from sales of investment securities available-for-sale | 604 | 304 | 277 |
| Proceeds from maturities of investment securities available-for-sale | 379 | 500 | 339 |
| Proceeds from maturities of investments held-to-maturity | 929 | 1,020 | 456 |
| Purchases of property, plant and equipment | (330) | (300) | (215) |
| Capitalized software | (174) | (123) | (167) |
| Acquisition of businesses, net of cash acquired | 0 | (1,175) | 0 |
| Investment in nonmarketable equity investments | (91) | (147) | (31) |
| Other investing activities | (14) | (1) | 2 |
| Net cash used in investing activities | (506) | (1,781) | (1,163) |
| Financing Activities | |||
| Purchases of treasury stock | (4,933) | (3,762) | (3,511) |
| Proceeds from debt | 991 | 0 | 1,972 |
| Payment of debt | 0 | (64) | 0 |
| Dividends paid | (1,044) | (942) | (837) |
| Tax benefit for share-based payments | 0 | 0 | 48 |
| Tax withholdings related to share-based payments | (80) | (47) | (51) |
| Cash proceeds from exercise of stock options | 104 | 57 | 37 |
| Other financing activities | (4) | (6) | (2) |
| Net cash used in financing activities | (4,966) | (4,764) | (2,344) |
| Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents | (6) | 200 | (50) |
| Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents | 745 | (681) | 1,080 |
| Cash, cash equivalents, restricted cash and restricted cash equivalents - beginning of period | 7,592 | 8,273 | |
| Cash, cash equivalents, restricted cash and restricted cash equivalents - end of period | 8,337 | 7,592 | 8,273 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MASTERCARD INC | ||
Ticker: MA Fiscal Year: 2018 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2018 10-K (Filed: Feb 13, 2019) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2018 | Dec 31, 2017 | |
| ASSETS | ||
| Cash and cash equivalents | $ 6,682 | 5,933 |
| Restricted cash for litigation settlement | 553 | 546 |
| Investments | 1,696 | 1,849 |
| Accounts receivable | 2,276 | 1,969 |
| Settlement due from customers | 2,452 | 1,375 |
| Restricted security deposits held for customers | 1,080 | 1,085 |
| Prepaid expenses and other current assets | 1,432 | 1,040 |
| Total Current Assets | 16,171 | 13,797 |
| Property, plant and equipment, net | 921 | 829 |
| Deferred income taxes | 570 | 250 |
| Goodwill | 2,904 | 3,035 |
| Other intangible assets, net | 991 | 1,120 |
| Other assets | 3,303 | 2,298 |
| Total Assets | 24,860 | 21,329 |
| LIABILITIES, REDEEMABLE NON-CONTROLLING INTERESTS AND EQUITY | ||
| Accounts payable | 537 | 933 |
| Settlement due to customers | 2,189 | 1,343 |
| Restricted security deposits held for customers | 1,080 | 1,085 |
| Accrued litigation | 1,591 | 709 |
| Accrued expenses | 4,747 | 3,931 |
| Current portion of long-term debt | 500 | 0 |
| Other current liabilities | 949 | 792 |
| Total Current Liabilities | 11,593 | 8,793 |
| Long-term debt | 5,834 | 5,424 |
| Deferred income taxes | 67 | 106 |
| Other liabilities | 1,877 | 1,438 |
| Total Liabilities | 19,371 | 15,761 |
| Commitments and Contingencies | ||
| Redeemable non-controlling interests | 71 | 71 |
| Stockholders Equity | ||
| Additional paid-in-capital | 4,580 | 4,365 |
| Class A treasury stock, at cost, 368 and 342 shares, respectively | (25,750) | (20,764) |
| Retained earnings | 27,283 | 22,364 |
| Accumulated other comprehensive income (loss) | (718) | (497) |
| Total Stockholders Equity | 5,395 | 5,468 |
| Non-controlling interests | 23 | 29 |
| Total Equity | 5,418 | 5,497 |
| Total Liabilities, Redeemable Non-controlling Interests and Equity | 24,860 | 21,329 |
| 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 2018 | |
| 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 |