MasterCard 2010 Annual Report Download - page 88
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MASTERCARD INCORPORATED
CONSOLIDATED BALANCE SHEET
December 31,
2010
December 31,
2009
(in millions, except share data)
ASSETS
Cash and cash equivalents $ 3,067 $ 2,055
Investment securities available-for-sale, at fair value 831 824
Investment securities held-to-maturity 300 —
Accounts receivable 650 536
Settlement due from customers 497 459
Restricted security deposits held for customers 493 446
Prepaid expenses 315 313
Deferred income taxes 216 244
Other current assets 85 126
Total Current Assets 6,454 5,003
Property, plant and equipment, at cost, net of accumulated depreciation 439 449
Deferred income taxes 5 264
Goodwill 677 309
Other intangible assets, net of accumulated amortization 530 415
Auction rate securities available-for-sale, at fair value 106 180
Investment securities held-to-maturity 36 338
Prepaid expenses 365 328
Other assets 225 184
Total Assets $ 8,837 $ 7,470
LIABILITIES AND EQUITY
Accounts payable $ 272 $ 290
Settlement due to customers 636 478
Restricted security deposits held for customers 493 446
Obligations under litigation settlements 298 607
Accrued expenses 1,315 1,225
Other current liabilities 129 121
Total Current Liabilities 3,143 3,167
Deferred income taxes 74 80
Obligations under litigation settlements 4 263
Long-term debt —22
Other liabilities 400 426
Total Liabilities 3,621 3,958
Commitments and Contingencies (Notes 19, 20 and 22)
Stockholders’ Equity
Class A common stock, $.0001 par value; authorized 3,000,000,000 shares, 129,436,818 and
116,534,029 shares issued and 122,696,228 and 109,793,439 outstanding, respectively — —
Class B common stock, $.0001 par value; authorized 1,200,000,000 shares, 8,202,380 and
19,977,657 issued and outstanding, respectively — —
Class M common stock, $.0001 par value; authorized 0 and 1,000,000 shares, 0 and 1,812 shares
issued and outstanding, respectively — —
Additional paid-in-capital 3,445 3,412
Class A treasury stock, at cost, 6,740,590 shares, respectively (1,250) (1,250)
Retained earnings 2,915 1,148
Accumulated other comprehensive income:
Cumulative foreign currency translation adjustments 105 212
Defined benefit pension and other postretirement plans, net of tax (12) (15)
Investment securities available-for-sale, net of tax 2 (3)
Total accumulated other comprehensive income 95 194
Total Stockholders’ Equity 5,205 3,504
Non-controlling interests 11 8
Total Equity 5,216 3,512
Total Liabilities and Equity $ 8,837 $ 7,470
The accompanying notes are an integral part of these consolidated financial statements.
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