MasterCard 2005 Annual Report Download - page 4

2
Y
ears Ended December 31 (in thousands except per-share and operatin
g
data)
200
5
2004 20
0
3
Statement of Operations Data
Re
v
e
n
ue
$
2,937,628
$
2,593,330
$
2,230,85
1
G
eneral and Administrative 1
,
351
,
08
2
1
,
1
8
5
,83
7 1
,098,
55
2
A
d
vertising an
d
Mar
k
et Deve
l
opment 1,008,268 915,851 851,15
0
U
.S. Merchant Lawsuit and Other Le
g
al Settlements
7
5
,
15
8
2
1,
6
5
3
7
63
,4
60
D
e
p
reciation an
d
Amortization 109,936 123
,
317 119
,
55
1
Operatin
g
Income (loss)
393,
1
8
4 346,672 (601,862)
Other Income
(
expense
)
14
,
154
(
22,972
)
(
9,658
)
I
ncome (loss) be
f
ore cumulative e
ff
ect o
f
accountin
g
chan
g
e
266,
71
9
238,060
(
390,742
)
N
et Income
(
loss
)
266,719 238,060
(
385,793
)
N
et Income
(
loss
)
Per Share before cumulative effect of
accounting change
(
basic and diluted
)
1
2.67 2.38
(
3.91
)
N
et Income
(
loss
)
Per Share
(
basic and diluted
)
1
2.
6
7 2.38
(
3.86
)
Pro Forma Net Income Per Share (basic and diluted
)
2
1.
98
1.76 (2.86)
Balance Sheet Data (at period end)
C
ash and Cash Equivalents
$
545
,
273 $ 328,996 $ 248,119
I
nv
est
m
e
n
t
Secu
ri
t
i
es
—
Cu
rr
e
n
t
7
36,619 808
,
893 662
,
39
1
T
otal Assets
3,
7
00,
544 3,264,670 2,900,90
5
L
ong-Term Debt 229,489
229,
5
69
229,
57
4
O
bl
i
g
ations un
d
er U.S. Merc
h
ant Lawsuit an
d
Other Legal Settlements, Long-Term
4
15,620 4
68,
547 51
6,686
S
toc
kh
o
ld
ers’/Mem
b
ers’ Equit
y
1,1
69
,14
8
974,952 698,72
1
Operating Data
G
ross Dollar Volume
(
in billions
)
3
$
1
,
661
$
1,467
$
1,28
1
Processed Transactions
(
in millions
)
4
1
3,
7
33
1
2
,15
2
9
,
9
4
3
(1) Prior to the initial public offering, we will reclassify all of our approximately 100,000 outstanding shares of existing common stock so that
our existing stockholders will receive 1.35 shares of our Class B common stock for each share of common stock that they held prior to the
r
eclassification and a single share of our Class M common stock. Accordingly, shares and per-share data will be retroactively restated in the
financial statements subsequent to the reclassification to reflect the reclassification as if it were effective at the start of the first period being
p
resented in the financial statements.
(2) Pro
f
orma amounts
g
ive e
ff
ect to the reclassi
f
ication described above as i
f
it were in place
f
or the earliest
f
iscal
y
ear.
(3) Gross Dollar Volume (GDV) represents the aggregate dollar amount o
f
purchases made and cash disbursements obtained with MasterCard-
branded cards and includes the impact o
f
balance trans
f
ers and convenience checks. PIN-based online debit transactions and other branded
t
ransactions are not included. The data set
f
orth
f
or GDV is derived
f
rom in
f
ormation provided by MasterCard members and includes in
f
ormation
with respect to MasterCard-branded transactions that are not processed by MasterCard and
f
or which MasterCard does not earn signi
f
icant
r
evenues. All data is subject to revision and amendment by MasterCard members subsequent to the date o
f
its release, which revisions or
amendments may be material
.
(4) The data set forth for processed transactions represents all transactions processed by MasterCard, including PIN-based online debit transactions.
S
ummary Conso
l
i
d
ate
d
Financia
l
an
d
Ot
h
er Data
All
f
ig
ures t
h
rou
gh
out report in U.S.
d
o
ll
ars