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: 2019 | |||
Consolidated Statement of Operations | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 14, 2020) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Net revenue | $ 16,883 | 14,950 | 12,497 |
| Operating Expenses | |||
| General and administrative | 5,763 | 5,174 | 4,653 |
| Advertising and marketing | 934 | 907 | 771 |
| Depreciation and amortization | 522 | 459 | 436 |
| Provision for litigation | 0 | 1,128 | 15 |
| Total operating expenses | 7,219 | 7,668 | 5,875 |
| Operating income | 9,664 | 7,282 | 6,622 |
| Other Income (Expense) | |||
| Investment income | 97 | 122 | 56 |
| Gains (losses) on equity investments, net | 167 | 0 | 0 |
| Interest expense | (224) | (186) | (154) |
| Other income (expense), net | 27 | (14) | (2) |
| Total other income (expense) | 67 | (78) | (100) |
| Income before income taxes | 9,731 | 7,204 | 6,522 |
| Income tax expense | 1,613 | 1,345 | 2,607 |
| Net Income | 8,118 | 5,859 | 3,915 |
| Basic Earnings per Share | 7.98 | 5.63 | 3.67 |
| Basic weighted-average shares outstanding | 1,017 | 1,041 | 1,067 |
| Diluted Earnings per Share | 7.94 | 5.60 | 3.65 |
| Diluted weighted-average shares outstanding | 1,022 | 1,047 | 1,072 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MASTERCARD INC | |||
Ticker: MA Fiscal Year: 2019 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 14, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Net Income | $ 8,118 | 5,859 | 3,915 |
| Other comprehensive income (loss): | |||
| Foreign currency translation adjustments | 10 | (319) | 565 |
| Income tax effect | 13 | 40 | 2 |
| Foreign currency translation adjustments, net of income tax effect | 23 | (279) | 567 |
| Translation adjustments on net investment hedge | 36 | 96 | (236) |
| Income tax effect | (8) | (21) | 83 |
| Translation adjustments on net investment hedge, net of income tax effect | 28 | 75 | (153) |
| Cash flow hedges | 14 | 0 | 0 |
| Income tax effect | (3) | 0 | 0 |
| Cash flow hedges, net of income tax effect | 11 | 0 | 0 |
| Defined benefit pension and other postretirement plans | (22) | (18) | 15 |
| Income tax effect | 3 | 3 | (1) |
| Defined benefit pension and other postretirement plans, net of income tax effect | (19) | (15) | 14 |
| Investment securities available-for-sale | 3 | (3) | (3) |
| Income tax effect | (1) | 1 | 2 |
| Investment securities available-for-sale, net of income tax effect | 2 | (2) | (1) |
| Other comprehensive income (loss), net of income tax effect | 45 | (221) | 427 |
| Comprehensive Income | 8,163 | 5,638 | 4,342 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MASTERCARD INC | |||
Ticker: MA Fiscal Year: 2019 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 14, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Operating Activities | |||
| Net income | $ 8,118 | 5,859 | 3,915 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Amortization of customer and merchant incentives | 1,141 | 1,235 | 1,001 |
| Depreciation and amortization | 522 | 459 | 437 |
| (Gains) losses on equity investments, net | (167) | 0 | 0 |
| Share-based compensation | 250 | 196 | 176 |
| Deferred income taxes | (7) | (244) | 86 |
| Venezuela charge | 0 | 0 | 167 |
| Other | 24 | 31 | 59 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (246) | (317) | (445) |
| Income taxes receivable | (202) | (120) | (8) |
| Settlement due from customers | (444) | (1,078) | (281) |
| Prepaid expenses | (1,661) | (1,769) | (1,402) |
| Accrued litigation and legal settlements | (662) | 869 | (12) |
| Restricted security deposits held for customers | 290 | (6) | 94 |
| Accounts payable | (42) | 101 | 290 |
| Settlement due to customers | 477 | 849 | 394 |
| Accrued expenses | 657 | 439 | 589 |
| Long-term taxes payable | 2 | (20) | 577 |
| Net change in other assets and liabilities | 133 | (261) | 27 |
| Net cash provided by operating activities | 8,183 | 6,223 | 5,664 |
| Investing Activities | |||
| Purchases of investment securities available-for-sale | (643) | (1,300) | (714) |
| Purchases of investments held-to-maturity | (215) | (509) | (1,145) |
| Proceeds from sales of investment securities available-for-sale | 1,098 | 604 | 304 |
| Proceeds from maturities of investment securities available-for-sale | 376 | 379 | 500 |
| Proceeds from maturities of investments held-to-maturity | 383 | 929 | 1,020 |
| Purchases of property and equipment | (422) | (330) | (300) |
| Capitalized software | (306) | (174) | (123) |
| Purchases of equity investments | (467) | (91) | (147) |
| Acquisition of businesses, net of cash acquired | (1,440) | 0 | (1,175) |
| Other investing activities | (4) | (14) | (1) |
| Net cash used in investing activities | (1,640) | (506) | (1,781) |
| Financing Activities | |||
| Purchases of treasury stock | (6,497) | (4,933) | (3,762) |
| Dividends paid | (1,345) | (1,044) | (942) |
| Proceeds from debt | 2,724 | 991 | 0 |
| Payment of debt | (500) | 0 | (64) |
| Contingent consideration paid | (199) | 0 | 0 |
| Tax withholdings related to share-based payments | (161) | (80) | (47) |
| Cash proceeds from exercise of stock options | 126 | 104 | 57 |
| Other financing activities | (15) | (4) | (6) |
| Net cash used in financing activities | (5,867) | (4,966) | (4,764) |
| Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents | (44) | (6) | 200 |
| Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents | 632 | 745 | (681) |
| Cash, cash equivalents, restricted cash and restricted cash equivalents - beginning of period | 8,337 | 7,592 | |
| Cash, cash equivalents, restricted cash and restricted cash equivalents - end of period | 8,969 | 8,337 | 7,592 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MASTERCARD INC | ||
Ticker: MA Fiscal Year: 2019 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2019 10-K (Filed: Feb 14, 2020) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2019 | Dec 31, 2018 | |
| Assets | ||
| Cash and cash equivalents | $ 6,988 | 6,682 |
| Restricted cash for litigation settlement | 584 | 553 |
| Investments | 688 | 1,696 |
| Accounts receivable | 2,514 | 2,276 |
| Settlement due from customers | 2,995 | 2,452 |
| Restricted security deposits held for customers | 1,370 | 1,080 |
| Prepaid expenses and other current assets | 1,763 | 1,432 |
| Total current assets | 16,902 | 16,171 |
| Property, equipment and right-of-use assets, net | 1,828 | 921 |
| Deferred income taxes | 543 | 570 |
| Goodwill | 4,021 | 2,904 |
| Other intangible assets, net | 1,417 | 991 |
| Other assets | 4,525 | 3,303 |
| Total Assets | 29,236 | 24,860 |
| Liabilities, Redeemable Non-controlling Interests and Equity | ||
| Accounts payable | 489 | 537 |
| Settlement due to customers | 2,714 | 2,189 |
| Restricted security deposits held for customers | 1,370 | 1,080 |
| Accrued litigation | 914 | 1,591 |
| Accrued expenses | 5,489 | 4,747 |
| Current portion of long-term debt | 0 | 500 |
| Other current liabilities | 928 | 949 |
| Total current liabilities | 11,904 | 11,593 |
| Long-term debt | 8,527 | 5,834 |
| Deferred income taxes | 85 | 67 |
| Other liabilities | 2,729 | 1,877 |
| Total Liabilities | 23,245 | 19,371 |
| Commitments and Contingencies | ||
| Redeemable non-controlling interests | 74 | 71 |
| Stockholders Equity | ||
| Additional paid-in-capital | 4,787 | 4,580 |
| Class A treasury stock, at cost, 395 and 368 shares, respectively | (32,205) | (25,750) |
| Retained earnings | 33,984 | 27,283 |
| Accumulated other comprehensive income (loss) | (673) | (718) |
| Mastercard Incorporated Stockholders' Equity | 5,893 | 5,395 |
| Non-controlling interests | 24 | 23 |
| Total Equity | 5,917 | 5,418 |
| Total Liabilities, Redeemable Non-controlling Interests and Equity | 29,236 | 24,860 |
| 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 2019 | |
| 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 |