MasterCard 2009 Annual Report Download - page 85

MASTERCARD INCORPORATED
CONSOLIDATED BALANCE SHEETS
December 31, 2009 December 31, 2008
(In thousands, except share data)
ASSETS
Cash and cash equivalents ..................................................... $2,055,439 $ 1,505,160
Investment securities, at fair value:
Available-for-sale ........................................................ 824,345 588,095
Municipal bonds held-to-maturity ............................................... — 154,000
Accounts receivable .......................................................... 536,472 639,482
Income taxes receivable ....................................................... — 198,308
Settlement due from customers .................................................. 459,173 513,191
Restricted security deposits held for customers ..................................... 445,989 183,245
Prepaid expenses ............................................................. 313,253 213,612
Deferred income taxes ........................................................ 243,561 283,795
Other current assets ........................................................... 124,915 32,619
Total Current Assets ..................................................... 5,003,147 4,311,507
Property, plant and equipment, at cost (less accumulated depreciation of $303,759 and
$278,269) ................................................................ 448,994 306,798
Deferred income taxes ........................................................ 264,237 567,567
Goodwill ................................................................... 309,228 297,993
Other intangible assets (less accumulated amortization of $422,338 and $377,570) ......... 414,704 394,282
Auction rate securities available-for-sale, at fair value ................................ 179,987 191,760
Investment securities held-to-maturity ............................................ 337,797 37,450
Prepaid expenses ............................................................. 327,884 302,095
Other assets ................................................................. 184,301 66,397
Total Assets ............................................................ $7,470,279 $ 6,475,849
LIABILITIES AND EQUITY
Accounts payable ............................................................ $ 290,414 $ 253,276
Settlement due to customers .................................................... 477,576 541,303
Restricted security deposits held for customers ..................................... 445,989 183,245
Obligations under litigation settlements (Note 19) ................................... 606,485 713,035
Accrued expenses ............................................................ 1,224,991 1,032,061
Short-term debt .............................................................. — 149,380
Other current liabilities ........................................................ 121,676 118,151
Total Current Liabilities ................................................. 3,167,131 2,990,451
Deferred income taxes ........................................................ 79,728 74,518
Obligations under litigation settlements (Note 19) ................................... 263,236 1,023,263
Long-term debt .............................................................. 21,598 19,387
Other liabilities .............................................................. 426,719 436,255
Total Liabilities ......................................................... 3,958,412 4,543,874
Commitments (Notes 18, 19 and 21)
Stockholders’ Equity
Class A common stock, $.0001 par value; authorized 3,000,000,000 shares, 116,534,029 and
105,126,588 shares issued and 109,793,439 and 98,385,998 outstanding, respectively .... 11 10
Class B common stock, $.0001 par value; authorized 1,200,000,000 shares, 19,977,657 and
30,848,778 shares issued and outstanding, respectively ............................. 3 4
Class M common stock, $.0001 par value; authorized 1,000,000 shares, 1,812 and 1,728
shares issued and outstanding, respectively ...................................... — —
Additional paid-in-capital ...................................................... 3,412,354 3,304,604
Class A treasury stock, at cost, 6,740,590 shares, respectively ......................... (1,250,000) (1,250,000)
Retained earnings (accumulated deficit) ........................................... 1,147,714 (236,100)
Accumulated other comprehensive income:
Cumulative foreign currency translation adjustments ............................ 211,860 175,040
Defined benefit pension and other postretirement plans, net of tax .................. (14,740) (43,207)
Investment securities available-for-sale, net of tax ............................... (3,442) (22,996)
Total accumulated other comprehensive income .................................... 193,678 108,837
Total Stockholders’ Equity ............................................... 3,503,760 1,927,355
Non-controlling interests ...................................................... 8,107 4,620
Total Equity ................................................................ 3,511,867 1,931,975
Total Liabilities and Equity ................................................... $7,470,279 $ 6,475,849
The accompanying notes are an integral part of these consolidated financial statements.
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