MasterCard 2011 Annual Report Download - page 81

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MASTERCARD INCORPORATED
CONSOLIDATED BALANCE SHEET
December 31,
2011 2010
(in millions, except share data)
ASSETS
Cash and cash equivalents ....................................................... $ 3,734 $ 3,067
Investment securities available-for-sale, at fair value .................................. 1,215 831
Investment securities held-to-maturity ............................................. — 300
Accounts receivable ........................................................... 808 650
Settlement due from customers ................................................... 601 497
Restricted security deposits held for customers ...................................... 636 493
Prepaid expenses and other current assets .......................................... 404 400
Deferred income taxes ......................................................... 343 216
Total Current Assets .......................................................... 7,741 6,454
Property, plant and equipment, at cost, net of accumulated depreciation ................... 449 439
Deferred income taxes ......................................................... 88 5
Goodwill .................................................................... 1,014 677
Other intangible assets, net of accumulated amortization ............................... 665 530
Auction rate securities available-for-sale, at fair value ................................. 70 106
Investment securities held-to-maturity ............................................. 36 36
Other assets .................................................................. 630 590
Total Assets ................................................................. $10,693 $ 8,837
LIABILITIES AND EQUITY
Accounts payable ............................................................. $ 360 $ 272
Settlement due to customers ..................................................... 699 636
Restricted security deposits held for customers ...................................... 636 493
Obligations under litigation settlements ............................................ 4 298
Accrued litigation ............................................................. 770 —
Accrued expenses ............................................................. 1,610 1,315
Other current liabilities ......................................................... 138 129
Total Current Liabilities ...................................................... 4,217 3,143
Deferred income taxes ......................................................... 113 74
Other liabilities ............................................................... 486 404
Total Liabilities .............................................................. 4,816 3,621
Commitments and Contingencies
Stockholders’ Equity
Class A common stock, $0.0001 par value; authorized 3,000,000,000 shares, 132,771,392 and
129,436,818 shares issued and 121,618,059 and 122,696,228 outstanding, respectively .... — —
Class B common stock, $0.0001 par value; authorized 1,200,000,000 shares, 5,245,676 and
8,202,380 issued and outstanding, respectively .................................... — —
Additional paid-in-capital ....................................................... 3,519 3,445
Class A treasury stock, at cost, 11,153,333 and 6,740,590 shares, respectively ............. (2,394) (1,250)
Retained earnings ............................................................. 4,745 2,915
Accumulated other comprehensive (loss) income:
Cumulative foreign currency translation adjustments ............................. 30 105
Defined benefit pension and other postretirement plans, net of tax ................... (32) (12)
Investment securities available-for-sale, net of tax ................................ — 2
Total accumulated other comprehensive (loss) income ................................ (2) 95
Total Stockholders’ Equity .................................................... 5,868 5,205
Non-controlling interests ........................................................ 9 11
Total Equity ................................................................. 5,877 5,216
Total Liabilities and Equity .................................................... $10,693 $ 8,837
The accompanying notes are an integral part of these consolidated financial statements.
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