MasterCard 2011 Annual Report Download - page 84
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MASTERCARD INCORPORATED
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
Total
Retained
Earnings
(Accumulated
Deficit)
Accumulated
Other
Comprehensive
(Loss) Income, Net
of Tax
Common Stock Additional
Paid-In
Capital
Class A
Treasury
Stock
Non-
Controlling
InterestsClass A Class B
(in millions, except per share data)
Balance at December 31, 2008 ...... $1,932 $ (236) $109 $— $— $3,304 $(1,250) $ 5
Redemption of non-controlling
interest .................... (5) — — — — — — (5)
Investment in majority owned
entity ..................... 8 — — — — — — 8
Net income .................. 1,463 1,463 — — — — — —
Other comprehensive income, net
oftax ..................... 85 — 85 — — — — —
Cash dividends declared on
Class A and Class B common
stock, $0.60 per share ........ (79) (79) — — — — — —
Share based payments .......... 88 — — — — 88 — —
Stock units withheld for taxes .... (28) — — — — (28) — —
Tax benefit for share based
compensation .............. 39 — — — — 39 — —
Conversion of Class B to Class A
common stock .............. — — — — — — — —
Exercise of stock options ....... 9 — — — — 9 — —
Balance at December 31, 2009 ...... 3,512 1,148 194 — — 3,412 (1,250) 8
Investment in majority owned
entity ..................... 2 — — — — — — 2
Net income .................. 1,847 1,846 — — — — — 1
Other comprehensive loss, net of
tax ....................... (99) — (99) — — — — —
Cash dividends declared on
Class A and Class B common
stock, $0.60 per share ........ (79) (79) — — — — — —
Share based payments .......... 63 — — — — 63 — —
Stock units withheld for taxes .... (126) — — — — (126) — —
Tax benefit for share based
compensation .............. 85 — — — — 85 — —
Conversion of Class B to Class A
common stock .............. — — — — — — — —
Exercise of stock options ....... 11 — — — — 11 — —
Balance at December 31, 2010 ...... 5,216 2,915 95 — — 3,445 (1,250) 11
Net income (loss) ............. 1,904 1,906 — — — — — (2)
Other comprehensive loss, net of
tax ....................... (97) — (97) — — — — —
Cash dividends declared on
Class A and Class B common
stock, $0.60 per share ........ (76) (76) — — — — — —
Purchases of treasury stock ...... (1,148) — — — — — (1,148) —
Issuance of treasury stock for
share based compensation ..... — — — — — (4) 4 —
Share based payments .......... 80 — — — — 80 — —
Stock units withheld for taxes .... (33) — — — — (33) — —
Tax benefit for share based
compensation .............. 12 — — — — 12 — —
Conversion of Class B to Class A
common stock .............. — — — — — — — —
Exercise of stock options ....... 19 — — — — 19 — —
Balance at December 31, 2011 ...... $5,877 $4,745 $ (2) $— $— $3,519 $(2,394) $ 9
The accompanying notes are an integral part of these consolidated financial statements.
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