MasterCard 2012 Annual Report Download - page 77

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MASTERCARD INCORPORATED
CONSOLIDATED BALANCE SHEET
December 31,
2012 2011
(in millions, except share data)
ASSETS
Cash and cash equivalents ....................................................... $ 2,052 $ 3,734
Restricted cash for litigation settlement ............................................ 726 —
Investment securities available-for-sale, at fair value .................................. 2,951 1,215
Accounts receivable ........................................................... 925 808
Settlement due from customers ................................................... 1,117 601
Restricted security deposits held for customers ...................................... 777 636
Prepaid expenses and other current assets .......................................... 681 404
Deferred income taxes .......................................................... 128 343
Total Current Assets .......................................................... 9,357 7,741
Property, plant and equipment, at cost, net .......................................... 472 449
Deferred income taxes .......................................................... 60 88
Goodwill .................................................................... 1,092 1,014
Other intangible assets, net ...................................................... 672 665
Other assets .................................................................. 809 736
Total Assets .......................................................... $12,462 $10,693
LIABILITIES AND EQUITY
Accounts payable ............................................................. $ 357 $ 360
Settlement due to customers ..................................................... 1,064 699
Restricted security deposits held for customers ...................................... 777 636
Accrued litigation ............................................................. 726 770
Accrued expenses ............................................................. 1,748 1,610
Other current liabilities ......................................................... 234 142
Total Current Liabilities ....................................................... 4,906 4,217
Deferred income taxes .......................................................... 104 113
Other liabilities ............................................................... 523 486
Total Liabilities .............................................................. 5,533 4,816
Commitments and Contingencies
Stockholders’ Equity
Class A common stock, $0.0001 par value; authorized 3,000,000,000 shares,
133,604,903 and 132,771,392 shares issued and 118,405,075 and 121,618,059
outstanding, respectively .............................................. — —
Class B common stock, $0.0001 par value; authorized 1,200,000,000 shares,
4,838,840 and 5,245,676 issued and outstanding, respectively ................. — —
Additional paid-in-capital ............................................... 3,641 3,519
Class A treasury stock, at cost, 15,199,828 and 11,153,333 shares, respectively ..... (4,139) (2,394)
Retained earnings ...................................................... 7,354 4,745
Accumulated other comprehensive income (loss) ............................. 61 (2)
Total Stockholders’ Equity ............................................. 6,917 5,868
Non-controlling interests ................................................ 12 9
Total Equity ......................................................... 6,929 5,877
Total Liabilities and Equity ............................................ $12,462 $10,693
The accompanying notes are an integral part of these consolidated financial statements.
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