MasterCard 2010 Annual Report Download - page 148
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MASTERCARD INCORPORATED
SUMMARY OF QUARTERLY DATA (Unaudited)
(In thousands, except per share data)
2010 Quarter Ended
2010 TotalMarch 31 June 30 September 30 December 31 1
(in millions, except per share amounts)
Revenues, net $1,308 $1,365 $1,428 $1,438 $5,539
Operating income 700 717 766 569 2,752
Net income attributable to MasterCard 455 458 518 415 1,846
Basic earnings per share $ 3.47 $ 3.50 $ 3.96 $ 3.17 $14.10
Weighted average shares outstanding (basic) 130 131 131 131 131
Diluted earnings per share $ 3.46 $ 3.49 $ 3.94 $ 3.16 $14.05
Weighted average shares outstanding (diluted) 131 131 131 131 131
2009 Quarter Ended
March 31 June 30 September 30 December 31 12009 Total
(in millions, except per share amounts)
Revenues, net $1,156 $1,280 $1,364 $1,299 $5,099
Operating income 561 557 673 469 2,260
Net income attributable to MasterCard 367 349 452 295 1,463
Basic earnings per share $ 2.81 $ 2.67 $ 3.46 $ 2.25 $11.19
Weighted average shares outstanding (basic) 130 130 130 130 130
Diluted earnings per share $ 2.80 $ 2.67 $ 3.45 $ 2.24 $11.16
Weighted average shares outstanding (diluted) 130 130 130 130 130
1Portions of our business can be seasonal. Our gross revenue has historically reflected progressively
increased card purchasing volume throughout the year, particularly in the fourth quarter during the holiday
shopping period. Similarly, customer and merchant incentives, which are recorded as contra-revenue, and
advertising and marketing expenses have historically increased in the fourth quarter, generally causing our
profitability to decline.
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