10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
VISA INC. | |||
Ticker: V Fiscal Year: 2015 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending Sept 30, 2015 10-K (Filed: Nov 20, 2015) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 30, 2015 | Sept 30, 2014 | Sept 30, 2013 | |
| Operating Revenues | |||
| Service revenues | $ 6,302 | 5,797 | 5,352 |
| Data processing revenues | 5,552 | 5,167 | 4,642 |
| International transaction revenues | 4,064 | 3,560 | 3,389 |
| Other revenues | 823 | 770 | 716 |
| Client incentives | (2,861) | (2,592) | (2,321) |
| Total operating revenues | 13,880 | 12,702 | 11,778 |
| Operating Expenses | |||
| Personnel | 2,079 | 1,875 | 1,932 |
| Marketing | 872 | 900 | 876 |
| Network and processing | 474 | 507 | 468 |
| Professional fees | 336 | 328 | 412 |
| Depreciation and amortization | 494 | 435 | 397 |
| General and administrative | 547 | 507 | 451 |
| Litigation provision (Note 20) | 14 | 453 | 3 |
| Total operating expenses | 4,816 | 5,005 | 4,539 |
| Operating income | 9,064 | 7,697 | 7,239 |
| Non-operating (expense) income | (69) | 27 | 18 |
| Income before income taxes | 8,995 | 7,724 | 7,257 |
| Income tax provision (Note 19) | 2,667 | 2,286 | 2,277 |
| Net income | 6,328 | 5,438 | 4,980 |
| Earnings Per Share [Abstract] | |||
| Class of Stock | |||
| Class A common stock | |||
| Basic earnings per share (Note 15) | 2.58 | 2.16 | 1.90 |
| Basic weighted-average shares outstanding (Note 15) | 1,954 | 1,993 | 2,080 |
| Diluted earnings per share (Note 15) | 2.58 | 2.16 | 1.90 |
| Diluted weighted-average shares outstanding (Note 15) | 2,457 [1] | 2,523 | 2,624 |
| Class B common stock | |||
| Basic earnings per share (Note 15) | 4.26 | 3.63 | 3.20 |
| Basic weighted-average shares outstanding (Note 15) | 245 | 245 | 245 [2] |
| Diluted earnings per share (Note 15) | 4.25 | 3.62 | 3.19 |
| Diluted weighted-average shares outstanding (Note 15) | 245 | 245 | 245 |
| Class C common stock | |||
| Basic earnings per share (Note 15) | 10.33 | 8.65 | 7.61 |
| Basic weighted-average shares outstanding (Note 15) | 22 | 26 | 28 |
| Diluted earnings per share (Note 15) | 10.30 | 8.62 | 7.59 |
| Diluted weighted-average shares outstanding (Note 15) | 22 | 26 | 28 |
| [2] The outstanding number of shares of class B and C common stock were not impacted by the stock split as these stockholders received an adjustment to their respective conversion ratios instead of stock dividends. See Note 14Stockholders' Equity. Weighted-average basic and diluted shares outstanding for class B and C common stock are calculated based on the common shares outstanding of each respective class rather than on an as-converted basis. | Figures in the table may not recalculate exactly due to roundin | |||
| [1] 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 6 million, 7 million and 8 million common stock equivalents for fiscal 2015, 2014 and 2013, respectively, because their effect would have been dilutive. The computation excludes 2 million of common stock equivalents for fiscal 2015, 2014 and 2013 because their effect would have been anti-dilutive. | |||
| External Links | |
| VISA INC. (V) Fiscal Year 2015 | |
| 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 |