MasterCard 2008 Annual Report Download - page 2

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Summary Consolidated Financial and Other Data*
All fi gures throughout report in U.S. dollars
(1) As more fully described in Note 1 (Summary of Significant Accounting Policies) to the Company’s consolidated financial statements
included in its Form 10-K for the year ended December 31, 2008, these amounts will be revised in accordance with the adoption of Financial
Accounting Standards Board (“FASB”) Staff Position Emerging Issues Task Force 03-6-1 on January 1, 2009.
(2) In 2007, we updated GDV to exclude commercial funds transfers in China, which are generally transactions that facilitate the transfer of
funds between bank branches but do not involve traditional cash withdrawals or balance transfers. Data for 2006 has been restated to be
consistent with this approach.
(3) The data above represents all transactions processed by MasterCard, including PIN-based online debit transactions.
(4) In 2008, we updated our processed transactions numbers to apply reversals and include certain cash transactions. Prior period numbers
have been restated to be consistent with this revised methodology. Revenue has not been impacted by these changes.
*Note that figures in this table may not sum due to rounding.
Years Ended December 31 (in millions except per-share and operating data) 2008 2007 2006
Statement of Operations
Revenue $ 4,992 $ 4,068 $ 3,326
General and Administrative 1,914 1,758 1,505
Advertising and Marketing 1,018 1,080 1,052
Litigation Settlements 2,483 3 25
Charitable Contributions to The MasterCard Foundation — 20 415
Depreciation and Amortization 112 98 100
Total Operating Expenses 5,526 2,959 3,097
Operating Income (loss) (535) 1,108 229
Total Other Income 151 563 65
Income (loss) before Income Tax Expense (benefi t) (383) 1,671 294
Net Income (loss) $ (254) $ 1,086 $ 50
Net Income (loss) per Share (basic) $ (1.95)1 $ 8.051 $ 0.37
Weighted Average Shares Outstanding (basic) 130 135 135
Net Income (loss) per Share (diluted) $ (1.95)1 $ 8.001 $ 0.37
Weighted Average Shares Outstanding (diluted) 130 136 136
Balance Sheet Data (at period end)
Cash and Cash Equivalents $ 1,505 $ 1,659 $ 1,185
Investment Securities — Current 588 1,311 1,299
Total Assets 6,476 6,260 5,082
Long-Term Debt 19 150 230
Obligations Under Litigation Settlements, Long-Term 1,023 297 360
Total Stockholders’ Equity 1,927 3,027 2,364
Operating Data
Gross Dollar Volume (in billions) $ 2,533 $ 2,272 $ 1,9192
Processed Transactions (in millions)3 20,966 18,7524 16,1414