MasterCard 2010 Annual Report Download - page 89

Download and view the complete annual report

Please find page 89 of the 2010 MasterCard annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 162

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162

MASTERCARD INCORPORATED
CONSOLIDATED STATEMENT OF OPERATIONS
For the Years Ended December 31,
2010 2009 2008
(in millions, except per share data)
Revenues, net $5,539 $5,099 $4,992
Operating Expenses
General and administrative 1,852 1,935 1,996
Advertising and marketing 782 756 935
Litigation settlements 5 7 2,483
Depreciation and amortization 148 141 112
Total operating expenses 2,787 2,839 5,526
Operating income (loss) 2,752 2,260 (534)
Other Income (Expense)
Investment income, net 57 58 183
Interest expense (52) (115) (104)
Other income (expense), net — 15 72
Total other income (expense) 5 (42) 151
Income (loss) before income taxes 2,757 2,218 (383)
Income tax expense (benefit) 910 755 (129)
Net income (loss) 1,847 1,463 (254)
Income attributable to non-controlling interests (1) — —
Net Income (Loss) Attributable to MasterCard $1,846 $1,463 $ (254)
Basic Earnings (Loss) per Share (Note 3) $14.10 $11.19 $ (1.94)
Basic Weighted Average Shares Outstanding (Note 3) 131 130 130
Diluted Earnings (Loss) per Share (Note 3) $14.05 $11.16 $ (1.94)
Diluted Weighted Average Shares Outstanding (Note 3) 131 130 130
The accompanying notes are an integral part of these consolidated financial statements.
79