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: 2020 | |||
Consolidated Statement of Operations | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 12, 2021) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Net revenue | $ 15,301 | 16,883 | 14,950 |
| Operating Expenses | |||
| General and administrative | 5,910 | 5,763 | 5,174 |
| Advertising and marketing | 657 | 934 | 907 |
| Depreciation and amortization | 580 | 522 | 459 |
| Provision for litigation | 73 | 0 | 1,128 |
| Total operating expenses | 7,220 | 7,219 | 7,668 |
| Operating income | 8,081 | 9,664 | 7,282 |
| Other Income (Expense) | |||
| Investment income | 24 | 97 | 122 |
| Gains (losses) on equity investments, net | 30 | 167 | 0 |
| Interest expense | (380) | (224) | (186) |
| Other income (expense), net | 5 | 27 | (14) |
| Total other income (expense) | (321) | 67 | (78) |
| Income before income taxes | 7,760 | 9,731 | 7,204 |
| Income tax expense | 1,349 | 1,613 | 1,345 |
| Net Income | 6,411 | 8,118 | 5,859 |
| Basic Earnings per Share | 6.40 | 7.98 | 5.63 |
| Basic weighted-average shares outstanding | 1,002 | 1,017 | 1,041 |
| Diluted Earnings per Share | 6.37 | 7.94 | 5.60 |
| Diluted weighted-average shares outstanding | 1,006 | 1,022 | 1,047 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MASTERCARD INC | |||
Ticker: MA Fiscal Year: 2020 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 12, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Net Income | $ 6,411 | 8,118 | 5,859 |
| Other comprehensive income (loss): | |||
| Foreign currency translation adjustments | 345 | 10 | (319) |
| Income tax effect | (59) | 13 | 40 |
| Foreign currency translation adjustments, net of income tax effect | 286 | 23 | (279) |
| Translation adjustments on net investment hedge | (177) | 36 | 96 |
| Income tax effect | 40 | (8) | (21) |
| Translation adjustments on net investment hedge, net of income tax effect | (137) | 28 | 75 |
| Cash flow hedges | (189) | 14 | 0 |
| Income tax effect | 42 | (3) | 0 |
| Reclassification adjustment for cash flow hedges | 4 | 0 | 0 |
| Income tax effect | (1) | 0 | 0 |
| Cash flow hedges, net of income tax effect | (144) | 11 | 0 |
| Defined benefit pension and other postretirement plans | (12) | (21) | (16) |
| Income tax effect | 2 | 3 | 3 |
| Reclassification adjustment for defined benefit pension and other postretirement plans | (1) | (1) | (2) |
| Income tax effect | 0 | 0 | 0 |
| Defined benefit pension and other postretirement plans, net of income tax effect | (11) | (19) | (15) |
| Investment securities available-for-sale | (1) | 3 | (3) |
| Income tax effect | 0 | (1) | 1 |
| Investment securities available-for-sale, net of income tax effect | (1) | 2 | (2) |
| Other comprehensive income (loss), net of income tax effect | (7) | 45 | (221) |
| Comprehensive Income | 6,404 | 8,163 | 5,638 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MASTERCARD INC | |||
Ticker: MA Fiscal Year: 2020 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 12, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Operating Activities | |||
| Net income | $ 6,411 | 8,118 | 5,859 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Amortization of customer and merchant incentives | 1,072 | 1,141 | 1,235 |
| Depreciation and amortization | 580 | 522 | 459 |
| (Gains) losses on equity investments, net | (30) | (167) | 0 |
| Share-based compensation | 254 | 250 | 196 |
| Deferred income taxes | 73 | (7) | (244) |
| Other | 14 | 24 | 31 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (86) | (246) | (317) |
| Income taxes receivable | (2) | (202) | (120) |
| Settlement due from customers | 1,288 | (444) | (1,078) |
| Prepaid expenses | (1,552) | (1,661) | (1,769) |
| Accrued litigation and legal settlements | (73) | (662) | 869 |
| Restricted security deposits held for customers | 326 | 290 | (6) |
| Accounts payable | 26 | (42) | 101 |
| Settlement due to customers | (1,242) | 477 | 849 |
| Accrued expenses | (114) | 657 | 439 |
| Long-term taxes payable | (37) | 2 | (20) |
| Net change in other assets and liabilities | 316 | 133 | (261) |
| Net cash provided by operating activities | 7,224 | 8,183 | 6,223 |
| Investing Activities | |||
| Purchases of investment securities available-for-sale | (220) | (643) | (1,300) |
| Purchases of investments held-to-maturity | (198) | (215) | (509) |
| Proceeds from sales of investment securities available-for-sale | 361 | 1,098 | 604 |
| Proceeds from maturities of investment securities available-for-sale | 140 | 376 | 379 |
| Proceeds from maturities of investments held-to-maturity | 121 | 383 | 929 |
| Purchases of property and equipment | (339) | (422) | (330) |
| Capitalized software | (369) | (306) | (174) |
| Purchases of equity investments | (214) | (467) | (91) |
| Acquisition of businesses, net of cash acquired | (989) | (1,440) | 0 |
| Settlement of interest rate derivative contracts | (175) | 0 | 0 |
| Other investing activities | 3 | (4) | (14) |
| Net cash used in investing activities | (1,879) | (1,640) | (506) |
| Financing Activities | |||
| Purchases of treasury stock | (4,473) | (6,497) | (4,933) |
| Dividends paid | (1,605) | (1,345) | (1,044) |
| Proceeds from debt, net | 3,959 | 2,724 | 991 |
| Payment of debt | 0 | (500) | 0 |
| Acquisition of redeemable non-controlling interests | (49) | 0 | 0 |
| Contingent consideration paid | 0 | (199) | 0 |
| Tax withholdings related to share-based payments | (150) | (161) | (80) |
| Cash proceeds from exercise of stock options | 97 | 126 | 104 |
| Other financing activities | 69 | (15) | (4) |
| Net cash used in financing activities | (2,152) | (5,867) | (4,966) |
| Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents | 257 | (44) | (6) |
| Net increase in cash, cash equivalents, restricted cash and restricted cash equivalents | 3,450 | 632 | 745 |
| Cash, cash equivalents, restricted cash and restricted cash equivalents - beginning of period | 8,969 | 8,337 | |
| Cash, cash equivalents, restricted cash and restricted cash equivalents - end of period | 12,419 | 8,969 | 8,337 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MASTERCARD INC | ||
Ticker: MA Fiscal Year: 2020 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2020 10-K (Filed: Feb 12, 2021) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2020 | Dec 31, 2019 | |
| Assets | ||
| Cash and cash equivalents | $ 10,113 | 6,988 |
| Restricted cash for litigation settlement | 586 | 584 |
| Investments | 483 | 688 |
| Accounts receivable | 2,646 | 2,514 |
| Settlement due from customers | 1,706 | 2,995 |
| Restricted security deposits held for customers | 1,696 | 1,370 |
| Prepaid expenses and other current assets | 1,883 | 1,763 |
| Total current assets | 19,113 | 16,902 |
| Property, equipment and right-of-use assets, net | 1,902 | 1,828 |
| Deferred income taxes | 491 | 543 |
| Goodwill | 4,960 | 4,021 |
| Other intangible assets, net | 1,753 | 1,417 |
| Other assets | 5,365 | 4,525 |
| Total Assets | 33,584 | 29,236 |
| Liabilities, Redeemable Non-controlling Interests and Equity | ||
| Accounts payable | 527 | 489 |
| Settlement due to customers | 1,475 | 2,714 |
| Restricted security deposits held for customers | 1,696 | 1,370 |
| Accrued litigation | 842 | 914 |
| Accrued expenses | 5,430 | 5,489 |
| Current portion of long-term debt | 649 | 0 |
| Other current liabilities | 1,228 | 928 |
| Total current liabilities | 11,847 | 11,904 |
| Long-term debt | 12,023 | 8,527 |
| Deferred income taxes | 86 | 85 |
| Other liabilities | 3,111 | 2,729 |
| Total Liabilities | 27,067 | 23,245 |
| Commitments and Contingencies | ||
| Redeemable non-controlling interests | 29 | 74 |
| Stockholders Equity | ||
| Additional paid-in-capital | 4,982 | 4,787 |
| Class A treasury stock, at cost, 409 and 395 shares, respectively | (36,658) | (32,205) |
| Retained earnings | 38,747 | 33,984 |
| Accumulated other comprehensive income (loss) | (680) | (673) |
| Mastercard Incorporated Stockholders' Equity | 6,391 | 5,893 |
| Non-controlling interests | 97 | 24 |
| Total Equity | 6,488 | 5,917 |
| Total Liabilities, Redeemable Non-controlling Interests and Equity | 33,584 | 29,236 |
| 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 2020 | |
| 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 |