MasterCard 2012 Annual Report Download - page 2

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SUMMARY CONSOLIDATED FINANCIAL AND OTHER DATA
For the Years Ended December 31
(in millions except per share and operating data) 2012 2011 2010
Statement of Operations
Revenues, Net $7,391 $6,714 $5,539
General and Administrative 2,429 2,196 1,857
Advertising and Marketing 775 841 782
Provision for Litigation Settlement 20 770 -
Depreciation and Amortization 230 194 148
Total Operating Expenses 3,454 4,001 2,787
Operating Income 3,937 2,713 2,752
Total Other Income (Expense) (5) 33 5
Income before Income Taxes 3,932 2,746 2,757
Income Tax Expense 1,174 842 910
Loss (Income) Attributable to Non-Controlling Interests 1 2 (1)
Net Income Attributable to MasterCard $2,759 $1,906 $1,846
Basic Earnings per Share $22.02 $14.90 $14.10
Diluted Earnings per Share $21.94 $14.85 $14.05
Balance Sheet Data (at period end)
Cash, Cash Equivalents and
Investment Securities — Current $5,003 $4,949 $4,198
Total Assets 12,462 10,693 8,837
Obligations Under Litigation Settlements 5 4 302
Equity 6,929 5,877 5,216
Operating Data
Gross Dollar Volume (in billions)1 $3,647 $3,252 $2,723
Processed Transactions (in millions)2 34,156 27,265 23,052
1 GDV generated by Maestro and Cirrus cards is not included. The data for GDV is provided by MasterCard customers and includes
information with respect to MasterCard-branded transactions that are not processed by MasterCard and for which MasterCard does
not earn significant revenues. All data is subject to revision and amendment by MasterCard’s customers subsequent to the date of
its release, which revisions and amendments may be material.
2 Data represents all transactions processed by MasterCard, including PIN-based online debit transactions, regardless of brand.