MasterCard 2013 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) 2013 2012 2011
Statement of Operations
Net Revenue $8,346 $7,391 $6,714
General and Administrative 2,649 2,429 2,196
Advertising and Marketing 841 775 841
Depreciation and Amortization 258 230 194
Provision for Litigation Settlement 95 20 770
Total Operating Expenses 3,843 3,454 4,001
Operating Income 4,503 3,937 2,713
Total Other Income (Expense) (3) (4) 35
Income before Income Taxes 4,500 3,933 2,748
Income Tax Expense 1,384 1,174 842
Net Income $3,116 $2,759 $1,906
Basic Earnings per Share1 $2.57 $2.20 $1.49
Diluted Earnings per Share1 $2.56 $2.19 $1.48
Balance Sheet Data (at period end)
Cash, Cash Equivalents and
Investment Securities — Current $6,295 $5,003 $4,949
Total Assets 14,242 12,462 10,693
Equity 7,495 6,929 5,877
Operating Data
Gross Dollar Volume (in billions)2 $4,103 $3,650 $3,251
Processed Transactions (in millions)3 38,635 34,156 27,265
1 The per share amounts have been retroactively restated to reflect the ten-for-one stock split of MasterCard’s Class A and Class B
common shares, which was effected in the form of a common stock dividend distributed on January 21, 2014.
2 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, of which revisions and amendments may be material.
3 Data represents all transactions processed by MasterCard, including PIN-based debit transactions, regardless of brand.