10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
VISA INC. | |||
Ticker: V Fiscal Year: 2013 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending Sept 30, 2013 10-K (Filed: Nov 22, 2013) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 30, 2013 | Sept 30, 2012 | Sept 30, 2011 | |
| Operating Revenues | |||
| Service revenues | $ 5,352 | 4,872 | 4,261 |
| Data processing revenues | 4,642 | 3,975 | 3,478 |
| International transaction revenues | 3,389 | 3,025 | 2,674 |
| Other revenues | 716 | 704 | 655 |
| Client incentives | (2,321) | (2,155) | (1,880) |
| Total operating revenues | 11,778 | 10,421 | 9,188 |
| Operating Expenses | |||
| Personnel | 1,932 | 1,726 | 1,459 |
| Marketing | 876 | 873 | 870 |
| Network and processing | 468 | 414 | 357 |
| Professional fees | 412 | 385 | 337 |
| Depreciation and amortization | 397 | 333 | 288 |
| General and administrative | 451 | 451 | 414 |
| Litigation provision (Note 20) | 3 | 4,100 | 7 |
| Total operating expenses | 4,539 | 8,282 | 3,732 |
| Operating income | 7,239 | 2,139 | 5,456 |
| Non-operating income | 18 | 68 | 200 |
| Income before income taxes | 7,257 | 2,207 | 5,656 |
| Income tax provision | 2,277 | 65 | 2,010 |
| Net income including non-controlling interest | 4,980 | 2,142 | 3,646 |
| Loss attributable to non-controlling interest | 0 | 2 | 4 |
| Net income attributable to Visa Inc. | 4,980 | 2,144 [1] | 3,650 |
| Earnings Per Share [Abstract] | |||
| Class of Stock | |||
| Class A common stock | |||
| Net income attributable to Visa Inc. | 3,959 | 1,664 | 2,638 |
| Basic earnings per share (Note 15) | 7.61 | 3.17 | 5.18 |
| Basic weighted-average shares outstanding (Note 15) | 520 | 524 | 509 |
| Diluted earnings per share (Note 15) | 7.59 [2] | 3.16 | 5.16 |
| Diluted weighted-average shares outstanding (Note 15) | 656 | 678 | 707 [3] |
| Class B common stock | |||
| Net income attributable to Visa Inc. | 786 | 343 | 636 |
| Basic earnings per share (Note 15) | 3.20 | 1.40 | 2.59 |
| Basic weighted-average shares outstanding (Note 15) | 245 | 245 | 245 |
| Diluted earnings per share (Note 15) | 3.19 | 1.39 | 2.58 |
| Diluted weighted-average shares outstanding (Note 15) | 245 | 245 | 245 |
| Class C common stock | |||
| Net income attributable to Visa Inc. | 216 | 130 | 364 |
| Basic earnings per share (Note 15) | 7.61 | 3.17 | 5.18 |
| Basic weighted-average shares outstanding (Note 15) | 28 | 41 | 70 |
| Diluted earnings per share (Note 15) | 7.59 | 3.16 | 5.16 |
| Diluted weighted-average shares outstanding (Note 15) | 28 | 41 | 70 |
| [2] Net income attributable to Visa Inc. is allocated based on proportional ownership on an as-converted basis. The weighted-average numbers of shares of as-converted class B common stock used in the income allocation were 103 million, 108 million and 123 million for fiscal 2013, 2012 and 2011, respectively. | |||
| [3] Weighted-average diluted shares outstanding are calculated on an as-converted basis, and include incremental common stock equivalents, as calculated under the treasury stock method. The computation includes 2 million common stock equivalents for fiscal 2013 and 3 million for fiscal 2012 and fiscal 2011, because their effect would have been dilutive. The computation excludes less than 1 million of common stock equivalents for fiscal 2013 and 2012, and 2 million for fiscal 2011 because their effect would have | |||
| [1] Figures in the table may not recalculate exactly due to rounding. Earnings per share is calculated based on whole numbers, not the rounded numbers presented. | |||
| External Links | |
| VISA INC. (V) Fiscal Year 2013 | |
| 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 |