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: 2022 | |||
Consolidated Statement of Operations | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 14, 2023) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Net revenue | $ 22,237 | 18,884 | 15,301 |
| Operating Expenses: | |||
| General and administrative | 8,078 | 7,087 | 5,910 |
| Advertising and marketing | 789 | 895 | 657 |
| Depreciation and amortization | 750 | 726 | 580 |
| Provision for litigation | 356 | 94 | 73 |
| Total operating expenses | 9,973 | 8,802 | 7,220 |
| Operating income | 12,264 | 10,082 | 8,081 |
| Other Income (Expense): | |||
| Investment income | 61 | 11 | 24 |
| Gains (losses) on equity investments, net | (145) | 645 | 30 |
| Interest expense | (471) | (431) | (380) |
| Other income (expense), net | 23 | 0 | 5 |
| Total other income (expense) | (532) | 225 | (321) |
| Income before income taxes | 11,732 | 10,307 | 7,760 |
| Income tax expense | 1,802 | 1,620 | 1,349 |
| Net Income | 9,930 | 8,687 | 6,411 |
| Basic Earnings per Share (in dollars per share) | 10.26 | 8.79 | 6.40 |
| Basic weighted-average shares outstanding (in shares) | 968 | 988 | 1,002 |
| Diluted Earnings per Share (in dollars per share) | 10.22 | 8.76 | 6.37 |
| Diluted weighted-average shares outstanding (in shares) | 971 | 992 | 1,006 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MASTERCARD INC | |||
Ticker: MA Fiscal Year: 2022 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 14, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Net Income | $ 9,930 | 8,687 | 6,411 |
| Other comprehensive income (loss): | |||
| Foreign currency translation adjustments | (712) | (442) | 345 |
| Income tax effect | 37 | 55 | (59) |
| Foreign currency translation adjustments, net of income tax effect | (675) | (387) | 286 |
| Translation adjustments on net investment hedges | 353 | 269 | (177) |
| Income tax effect | (78) | (60) | 40 |
| Translation adjustments on net investment hedges, net of income tax effect | 275 | 209 | (137) |
| Cash flow hedges | 1 | 6 | (189) |
| Income tax effect | 0 | (1) | 42 |
| Reclassification adjustment for cash flow hedges | (10) | 5 | 4 |
| Income tax effect | 2 | (1) | (1) |
| Cash flow hedges, net of income tax effect | (7) | 9 | (144) |
| Defined benefit pension and other postretirement plans | (45) | 57 | (12) |
| Income tax effect | 14 | (14) | 2 |
| Reclassification adjustment for defined benefit pension and other postretirement plans | (1) | (2) | (1) |
| Income tax effect | 0 | 0 | 0 |
| Defined benefit pension and other postretirement plans, net of income tax effect | (32) | 41 | (11) |
| Investment securities available-for-sale | (6) | (1) | (1) |
| Income tax effect | 1 | 0 | 0 |
| Investment securities available-for-sale, net of income tax effect | (5) | (1) | (1) |
| Other comprehensive income (loss), net of income tax effect | (444) | (129) | (7) |
| Comprehensive Income | 9,486 | 8,558 | 6,404 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MASTERCARD INC | |||
Ticker: MA Fiscal Year: 2022 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 14, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Operating Activities | |||
| Net income | $ 9,930 | 8,687 | 6,411 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Amortization of customer and merchant incentives | 1,586 | 1,371 | 1,072 |
| Depreciation and amortization | 750 | 726 | 580 |
| (Gains) losses on equity investments, net | 145 | (645) | (30) |
| Share-based compensation | 295 | 273 | 254 |
| Deferred income taxes | (651) | (69) | 73 |
| Other | 44 | 36 | 14 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (481) | (397) | (86) |
| Income taxes receivable | 12 | (87) | (2) |
| Settlement assets | 48 | 390 | 1,288 |
| Prepaid expenses | (2,175) | (2,087) | (1,552) |
| Accrued litigation and legal settlements | 240 | (1) | (73) |
| Restricted security deposits held for customers | (305) | 177 | 326 |
| Accounts payable | 190 | 100 | 26 |
| Settlement obligations | 201 | (568) | (1,242) |
| Accrued expenses | 1,188 | 1,355 | (114) |
| Long-term taxes payable | (121) | (52) | (37) |
| Net change in other assets and liabilities | 299 | 254 | 316 |
| Net cash provided by operating activities | 11,195 | 9,463 | 7,224 |
| Investing Activities | |||
| Purchases of investment securities available-for-sale | (267) | (389) | (220) |
| Purchases of investments held-to-maturity | (239) | (294) | (198) |
| Proceeds from sales of investment securities available-for-sale | 54 | 83 | 361 |
| Proceeds from maturities of investment securities available-for-sale | 211 | 291 | 140 |
| Proceeds from maturities of investments held-to-maturity | 265 | 296 | 121 |
| Purchases of property and equipment | (442) | (407) | (339) |
| Capitalized software | (655) | (407) | (369) |
| Purchases of equity investments | (88) | (228) | (214) |
| Proceeds from sales of equity investments | 7 | 186 | 0 |
| Acquisition of businesses, net of cash acquired | (313) | (4,436) | (989) |
| Settlement of interest rate derivative contracts | 0 | 0 | (175) |
| Other investing activities | (3) | 33 | 3 |
| Net cash used in investing activities | (1,470) | (5,272) | (1,879) |
| Financing Activities | |||
| Purchases of treasury stock | (8,753) | (5,904) | (4,473) |
| Dividends paid | (1,903) | (1,741) | (1,605) |
| Proceeds from debt, net | 1,123 | 2,024 | 3,959 |
| Payment of debt | (724) | (650) | 0 |
| Acquisition of redeemable non-controlling interests | (4) | 0 | (49) |
| Acquisition of non-controlling interest | 0 | (133) | 0 |
| Contingent consideration paid | 0 | (64) | 0 |
| Tax withholdings related to share-based payments | (141) | (133) | (150) |
| Cash proceeds from exercise of stock options | 90 | 61 | 97 |
| Other financing activities | (16) | (15) | 69 |
| Net cash used in financing activities | (10,328) | (6,555) | (2,152) |
| Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents | (103) | (153) | 257 |
| Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents | (706) | (2,517) | 3,450 |
| Cash, cash equivalents, restricted cash and restricted cash equivalents - beginning of period | 9,902 | 12,419 | |
| Cash, cash equivalents, restricted cash and restricted cash equivalents - end of period | 9,196 | 9,902 | 12,419 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MASTERCARD INC | ||
Ticker: MA Fiscal Year: 2022 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2022 10-K (Filed: Feb 14, 2023) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2022 | Dec 31, 2021 | |
| Assets | ||
| Cash and cash equivalents | $ 7,008 | 7,421 |
| Restricted cash for litigation settlement | 589 | 586 |
| Investments | 400 | 473 |
| Accounts receivable | 3,425 | 3,006 |
| Settlement assets | 1,270 | 1,319 |
| Restricted security deposits held for customers | 1,568 | 1,873 |
| Prepaid expenses and other current assets | 2,346 | 2,271 |
| Total current assets | 16,606 | 16,949 |
| Property, equipment and right-of-use assets, net | 2,006 | 1,907 |
| Deferred income taxes | 1,151 | 486 |
| Goodwill | 7,522 | 7,662 |
| Other intangible assets, net | 3,859 | 3,671 |
| Other assets | 7,580 | 6,994 |
| Total Assets | 38,724 | 37,669 |
| Liabilities, Redeemable Non-controlling Interests and Equity | ||
| Accounts payable | 926 | 738 |
| Settlement obligations | 1,111 | 913 |
| Restricted security deposits held for customers | 1,568 | 1,873 |
| Accrued litigation | 1,094 | 840 |
| Accrued expenses | 7,801 | 6,642 |
| Short-term debt | 274 | 792 |
| Other current liabilities | 1,397 | 1,364 |
| Total current liabilities | 14,171 | 13,162 |
| Long-term debt | 13,749 | 13,109 |
| Deferred income taxes | 393 | 395 |
| Other liabilities | 4,034 | 3,591 |
| Total Liabilities | 32,347 | 30,257 |
| Commitments and Contingencies | ||
| Redeemable non-controlling interests | 21 | 29 |
| Stockholders Equity | ||
| Additional paid-in-capital | 5,298 | 5,061 |
| Class A treasury stock, at cost, 451 and 425 shares, respectively | (51,354) | (42,588) |
| Retained earnings | 53,607 | 45,648 |
| Accumulated other comprehensive income (loss) | (1,253) | (809) |
| Mastercard Incorporated Stockholders' Equity | 6,298 | 7,312 |
| Non-controlling interests | 58 | 71 |
| Total Equity | 6,356 | 7,383 |
| Total Liabilities, Redeemable Non-controlling Interests and Equity | 38,724 | 37,669 |
| Class of Stock | ||
| Class A Common Stock | ||
| Common stock value | 0 | 0 |
| Class B Common Stock | ||
| Common stock value | 0 | 0 |
| External Links | |
| MASTERCARD INC (MA) Fiscal Year 2022 | |
| 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 |