MasterCard 2008 Annual Report Download - page 56

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Item 6. Selected Financial Data
The statement of operations data presented below for the years ended December 31, 2008, 2007 and 2006,
and the balance sheet data as of December 31, 2008 and 2007, were derived from the audited consolidated
financial statements of MasterCard Incorporated included in Item 8 in this Report. The statement of operations
data presented below for the years ended December 31, 2005 and 2004, and the balance sheet data as of
December 31, 2006, 2005 and 2004, were derived from audited consolidated financial statements not included in
this Report. The data set forth below should be read in conjunction with, and are qualified by reference to,
“Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our consolidated
financial statements and Notes thereto included in Item 8 in this Report.
Year Ended December 31,
2008 2007 2006 2005 2004
(In thousands, except per share data)
Statement of Operations Data:
Revenues, net .................... $4,991,600 $4,067,599 $3,326,074 $2,937,628 $2,593,330
Total operating expenses ............ 5,526,105 2,959,487 3,096,579 2,544,444 2,246,658
Operating income (loss) ............ (534,505) 1,108,112 229,495 393,184 346,672
Net income (loss) ................. (253,915) 1,085,886 50,190 266,719 238,060
Net income (loss) per share (basic) .... (1.95)28.0520.37 1.9811.761
Net income (loss) per share (diluted) . . (1.95)28.0020.37 1.9811.761
Balance Sheet Data:
Total assets ...................... $6,475,849 $6,260,041 $5,082,470 $3,700,544 $3,264,670
Long-term debt ................... 19,387 149,824 229,668 229,489 229,569
Obligations under litigation settlements,
long-term ...................... 1,023,263 297,201 359,640 415,620 468,547
Total stockholders’ equity ........... 1,927,355 3,027,307 2,364,359 1,169,148 974,952
Cash dividends declared per share .... 0.60 0.60 0.18 — —
1As more fully described in Note 14 (Stockholders’ Equity) to the consolidated financial statements included
in Item 8 of this Report, in connection with the ownership and governance transactions in May 2006, we
reclassified all of our 100,000 outstanding shares of existing Class A redeemable common stock so that our
previous stockholders received 1.35 shares of our Class B common stock for each share of Class A
redeemable common stock that they held prior to the reclassification and a single share of our Class M
common stock. Accordingly, 2005 and 2004 shares and per share data were 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 presented in the financial statements.
2As more fully described in Note 1 (Summary of Significant Accounting Policies) to the consolidated
financial statements included in Item 8 of this Report, these amounts will be revised in accordance with the
adoption of Financial Accounting Standards Board Staff Position Emerging Issues Task Force 03-6-1 on
January 1, 2009.
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