MasterCard 2014 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) 2014 2013 2012
Statement of Operations
Net Revenue $9,473 $8,346 $7,391
General and Administrative 3,184 2,649 2,429
Advertising and Marketing 862 841 775
Depreciation and Amortization 321 258 230
Provision for Litigation Settlement – 95 20
Total Operating Expenses 4,367 3,843 3,454
Operating Income 5,106 4,503 3,937
Total Other Income (Expense) (27) (3) (4)
Income before Income Taxes 5,079 4,500 3,933
Income Tax Expense 1,462 1,384 1,174
Net Income $3,617 $3,116 $2,759
Basic Earnings per Share $3.11 $2.57 $2.20
Diluted Earnings per Share $3.10 $2.56 $2.19
Balance Sheet Data (at period end)
Cash, Cash Equivalents and
Investment Securities — Current $6,375 $6,295 $5,003
Total Assets 15,329 14,242 12,462
Equity 6,824 7,495 6,929
Operating Data Growth (local currency)
Gross Dollar Volume1 13% 14% 15%
Cross-border Volume 16% 18% 16%
Processed Transactions2 12% 13% 25%
1 Gross Dollar Volume (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.
2 Data represents all transactions processed by MasterCard, including PIN-based debit transactions, regardless of brand.