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: 2014 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending Sept 30, 2014 10-K (Filed: Nov 21, 2014) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 30, 2014 | Sept 30, 2013 | Sept 30, 2012 | |
| Operating Revenues | |||
| Service revenues | $ 5,797 | 5,352 | 4,872 |
| Data processing revenues | 5,167 | 4,642 | 3,975 |
| International transaction revenues | 3,560 | 3,389 | 3,025 |
| Other revenues | 770 | 716 | 704 |
| Client incentives | (2,592) | (2,321) | (2,155) |
| Total operating revenues | 12,702 | 11,778 | 10,421 |
| Operating Expenses | |||
| Personnel | 1,875 | 1,932 | 1,726 |
| Marketing | 900 | 876 | 873 |
| Network and processing | 507 | 468 | 414 |
| Professional fees | 328 | 412 | 385 |
| Depreciation and amortization | 435 | 397 | 333 |
| General and administrative | 507 | 451 | 451 |
| Litigation provision (Note 20) | 453 | 3 | 4,100 |
| Total operating expenses | 5,005 | 4,539 | 8,282 |
| Operating income | 7,697 | 7,239 | 2,139 |
| Non-operating income | 27 | 18 | 68 |
| Income before income taxes | 7,724 | 7,257 | 2,207 |
| Income tax provision (Note 19) | 2,286 | 2,277 | 65 |
| Net income including non-controlling interest | 5,438 | 4,980 | 2,142 |
| Loss attributable to non-controlling interest | 0 | 0 | 2 |
| Net income attributable to Visa Inc. | 5,438 | 4,980 [1] | 2,144 |
| Earnings Per Share [Abstract] | |||
| Class of Stock | |||
| Class A common stock | |||
| Net income attributable to Visa Inc. | 4,307 | 3,959 | 1,664 |
| Basic earnings per share (Note 15) | 8.65 | 7.61 | 3.17 |
| Basic weighted-average shares outstanding (Note 15) | 498 | 520 | 524 |
| Diluted earnings per share (Note 15) | 8.62 | 7.59 | 3.16 |
| Diluted weighted-average shares outstanding (Note 15) | 631 | 656 [2] | 678 |
| Class B common stock | |||
| Net income attributable to Visa Inc. | 892 | 786 | 343 |
| Basic earnings per share (Note 15) | 3.63 | 3.20 | 1.40 |
| Basic weighted-average shares outstanding (Note 15) | 245 | 245 | 245 |
| Diluted earnings per share (Note 15) | 3.62 | 3.19 | 1.39 |
| Diluted weighted-average shares outstanding (Note 15) | 245 | 245 | 245 |
| Class C common stock | |||
| Net income attributable to Visa Inc. | 222 | 216 | 130 |
| Basic earnings per share (Note 15) | 8.65 | 7.61 | 3.17 [3] |
| Basic weighted-average shares outstanding (Note 15) | 26 | 28 | 41 |
| Diluted earnings per share (Note 15) | 8.62 | 7.59 | 3.16 |
| Diluted weighted-average shares outstanding (Note 15) | 26 | 28 | 41 |
| [1] Figures in the table may not recalculate exactly due to rounding. Earnings per share is calculated based on unrounded numbers. | |||
| [2] 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 2014 and 2013, and 3 million for fiscal 2012, because their effect would have been dilutive. The computation excludes less than 1 million of common stock equivalents for fiscal 2014, 2013 and 2012 because their effect would have been anti-dilutive. | |||
| [3] 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 for fiscal 2014 and 2013, and 108 million for fiscal 2012. | |||
| External Links | |
| VISA INC. (V) Fiscal Year 2014 | |
| 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 |