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: 2020 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending Sept 30, 2020 10-K (Filed: Nov 19, 2020) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 30, 2020 | Sept 30, 2019 | Sept 30, 2018 | |
| Net revenues | $ 21,846 | 22,977 | 20,609 |
| Operating Expenses | |||
| Personnel | 3,785 | 3,444 | 3,170 |
| Marketing | 971 | 1,105 | 988 |
| Network and processing | 727 | 721 | 686 |
| Professional fees | 408 | 454 | 446 |
| Depreciation and amortization | 767 | 656 | 613 |
| General and administrative | 1,096 | 1,196 | 1,145 |
| Litigation provision | 11 | 400 | 607 |
| Total operating expenses | 7,765 | 7,976 | 7,655 |
| Operating income | 14,081 | 15,001 | 12,954 |
| Non-operating Income (Expense) | |||
| Interest expense, net | (516) | (533) | (612) |
| Investment income and other | 225 | 416 | 464 |
| Total non-operating income (expense) | (291) | (117) | (148) |
| Income before income taxes | 13,790 | 14,884 | 12,806 |
| Income tax provision | 2,924 | 2,804 | 2,505 |
| Net income | 10,866 | 12,080 | 10,301 |
| Earnings Per Share [Abstract] | |||
| Class of Stock | |||
| Class A common stock | |||
| Basic earnings per share (in dollars per share) | 4.90 | 5.32 | 4.43 |
| Basic weighted-average shares outstanding (in shares) | 1,697 | 1,742 | 1,792 |
| Diluted earnings per share (in dollars per share) | 4.89 | 5.32 | 4.42 |
| Diluted weighted-average shares outstanding (in shares) | 2,223 | 2,272 | 2,329 |
| Class B common stock | |||
| Basic earnings per share (in dollars per share) | 7.94 | 8.68 | 7.28 |
| Basic weighted-average shares outstanding (in shares) | 245 | 245 | 245 |
| Diluted earnings per share (in dollars per share) | 7.93 | 8.66 | 7.27 |
| Diluted weighted-average shares outstanding (in shares) | 245 | 245 | 245 |
| Class C common stock | |||
| Basic earnings per share (in dollars per share) | 19.58 | 21.30 | 17.72 |
| Basic weighted-average shares outstanding (in shares) | 11 | 12 | 12 |
| Diluted earnings per share (in dollars per share) | 19.56 | 21.26 | 17.69 |
| Diluted weighted-average shares outstanding (in shares) | 11 | 12 | 12 |
| External Links | |
| VISA INC. (V) Fiscal Year 2020 | |
| 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 |