MasterCard 2008 Annual Report Download - page 90

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MASTERCARD INCORPORATED
CONSOLIDATED STATEMENTS OF OPERATIONS
For the Years Ended December 31,
2008 2007 2006
(In thousands, except per share data)
Revenues, net ............................................. $4,991,600 $4,067,599 $3,326,074
Operating Expenses
General and administrative .................................... 1,913,679 1,758,388 1,505,185
Advertising and marketing .................................... 1,017,575 1,080,057 1,051,870
Litigation settlements ........................................ 2,482,845 3,400 24,957
Charitable contributions to the MasterCard Foundation .............. — 20,000 414,785
Depreciation and amortization ................................. 112,006 97,642 99,782
Total operating expenses .................................. 5,526,105 2,959,487 3,096,579
Operating income (loss) ...................................... (534,505) 1,108,112 229,495
Other Income (Expense)
Investment income, net ....................................... 182,907 530,400 124,994
Interest expense ............................................. (103,600) (57,277) (61,151)
Other income (expense), net ................................... 71,985 90,197 834
Total other income (expense) .............................. 151,292 563,320 64,677
Income (loss) before income taxes .............................. (383,213) 1,671,432 294,172
Income tax expense (benefit) .................................. (129,298) 585,546 243,982
Net Income (Loss) .......................................... $ (253,915) $1,085,886 $ 50,190
Basic Net Income (Loss) per Share (Note 2) ..................... $ (1.95) $ 8.05 $ 0.37
Basic Weighted Average Shares Outstanding (Note 2) ............ 130,148 134,887 135,411
Diluted Net Income (Loss) per Share (Note 2) ................... $ (1.95) $ 8.00 $ 0.37
Diluted Weighted Average Shares Outstanding (Note 2) .......... 130,148 135,695 135,779
The accompanying notes are an integral part of these consolidated financial statements.
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