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: 2019 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending Sept 30, 2019 10-K (Filed: Nov 14, 2019) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 30, 2019 | Sept 30, 2018 | Sept 30, 2017 | |
| Net revenues | $ 22,977 | 20,609 | 18,358 |
| Operating Expenses | |||
| Personnel | 3,444 | 3,170 | 2,628 |
| Marketing | 1,105 | 988 | 922 |
| Network and processing | 721 | 686 | 620 |
| Professional fees | 454 | 446 | 409 |
| Depreciation and amortization | 656 | 613 | 556 |
| General and administrative | 1,196 | 1,145 | 1,060 |
| Litigation provision (Note 20) | 400 | 607 | 19 |
| Total operating expenses | 7,976 | 7,655 | 6,214 |
| Operating income | 15,001 | 12,954 | 12,144 |
| Non-operating Income (Expense) | |||
| Interest expense, net | (533) | (612) | (563) |
| Investment income and other | 416 | 464 | 113 |
| Total non-operating income (expense) | (117) | (148) | (450) |
| Income before income taxes | 14,884 | 12,806 | 11,694 |
| Income tax provision (Note 19) | 2,804 | 2,505 | 4,995 |
| Net income | 12,080 | 10,301 | 6,699 |
| Earnings Per Share [Abstract] | |||
| Class of Stock | |||
| Class A common stock | |||
| Basic earnings per share (Note 15) (in dollars per share) | 5.32 | 4.43 | 2.80 |
| Basic weighted-average shares outstanding (Note 15) (in shares) | 1,742 | 1,792 | 1,845 |
| Diluted earnings per share (Note 15) (in dollars per share) | 5.32 | 4.42 | 2.80 |
| Diluted weighted-average shares outstanding (Note 15) (in shares) | 2,272 | 2,329 | 2,395 |
| Class B common stock | |||
| Basic earnings per share (Note 15) (in dollars per share) | 8.68 | 7.28 | 4.62 |
| Basic weighted-average shares outstanding (Note 15) (in shares) | 245 | 245 | 245 |
| Diluted earnings per share (Note 15) (in dollars per share) | 8.66 | 7.27 | 4.61 |
| Diluted weighted-average shares outstanding (Note 15) (in shares) | 245 | 245 | 245 |
| Class C common stock | |||
| Basic earnings per share (Note 15) (in dollars per share) | 21.30 | 17.72 | 11.21 |
| Basic weighted-average shares outstanding (Note 15) (in shares) | 12 | 12 | 14 |
| Diluted earnings per share (Note 15) (in dollars per share) | 21.26 | 17.69 | 11.19 |
| Diluted weighted-average shares outstanding (Note 15) (in shares) | 12 | 12 | 14 |
| External Links | |
| VISA INC. (V) Fiscal Year 2019 | |
| 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 |