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: 2017 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending Sept 30, 2017 10-K (Filed: Nov 17, 2017) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 30, 2017 | Sept 30, 2016 | Sept 30, 2015 | |
| Operating Revenues | |||
| Service revenues | $ 7,975 | 6,747 | 6,302 |
| Data processing revenues | 7,786 | 6,272 | 5,552 |
| International transaction revenues | 6,321 | 4,649 | 4,064 |
| Other revenues | 841 | 823 | 823 |
| Client incentives | (4,565) | (3,409) | (2,861) |
| Net operating revenues | 18,358 | 15,082 | 13,880 |
| Operating Expenses | |||
| Personnel | 2,628 | 2,226 | 2,079 |
| Marketing | 922 | 869 | 872 |
| Network and processing | 620 | 538 | 474 |
| Professional fees | 409 | 389 | 336 |
| Depreciation and amortization | 556 | 502 | 494 |
| General and administrative | 1,060 | 796 | 547 |
| Litigation provision (Note 19) | 19 | 2 | 14 |
| Visa Europe Framework Agreement loss | 0 | 1,877 | 0 |
| Total operating expenses | 6,214 | 7,199 | 4,816 |
| Operating income | 12,144 | 7,883 | 9,064 |
| Non-operating (Expense) Income | |||
| Interest expense | (563) | (427) | (3) |
| Other (Note 4 and Note 11) | 113 | 556 | (66) |
| Total non-operating (expense) income | (450) | 129 | (69) |
| Income before income taxes | 11,694 | 8,012 [1] | 8,995 |
| Income tax provision (Note 18) | 4,995 | 2,021 | 2,667 |
| Net income | 6,699 | 5,991 | 6,328 |
| Earnings Per Share [Abstract] | |||
| Class of Stock | |||
| Class A common stock | |||
| Basic earnings per share (Note 15) | 2.80 | 2.49 | 2.58 |
| Basic weighted-average shares outstanding (Note 15) | 1,845 | 1,906 | 1,954 |
| Diluted earnings per share (Note 15) | 2.80 | 2.48 | 2.58 |
| Diluted weighted-average shares outstanding (Note 15) | 2,395 | 2,414 | 2,457 |
| Class B common stock | |||
| Basic earnings per share (Note 15) | 4.62 | 4.10 | 4.26 |
| Basic weighted-average shares outstanding (Note 15) | 245 | 245 | 245 |
| Diluted earnings per share (Note 15) | 4.61 | 4.09 | 4.25 |
| Diluted weighted-average shares outstanding (Note 15) | 245 | 245 | 245 [2] |
| Class C common stock | |||
| Basic earnings per share (Note 15) | 11.21 | 9.94 | 10.33 |
| Basic weighted-average shares outstanding (Note 15) | 14 | 19 | 22 |
| Diluted earnings per share (Note 15) | 11.19 | 9.93 | 10.30 |
| Diluted weighted-average shares outstanding (Note 15) | 14 | 19 | 22 |
| [1] See Note 2Visa Europe. | |||
| [2] Figures in the table may not recalculate exactly due to rounding. Earnings per share is calculated based on unrounded numbers. The number of shares and per share amounts for the prior periods presented have been retroactively adjusted to reflect the four-for-one stock split effected in the second quarter of fiscal 2015. See Note 13Stockholders' Equity. | Weighted-average diluted shares outstanding are calculated on an as-converted basis, and include incremental common stock equivalents, as calculated under | |||
| External Links | |
| VISA INC. (V) Fiscal Year 2017 | |
| 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 |