Visa 2011 Annual Report Download - page 69
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Table of Contents
VISA INC.
CONSOLIDATED BALANCE SHEETS
September 30,
2011
September 30,
2010
(in millions, except par value data)
Assets
Cash and cash equivalents $ 2,127 $ 3,867
Restricted cash—litigation escrow (Note 3) 2,857 1,866
Investment securities (Note 4)
Trading 57 60
Available-for-sale 1,214 124
Settlement receivable 412 402
Accounts receivable 560 476
Customer collateral (Note 12) 931 899
Current portion of client incentives 278 175
Current portion of deferred tax assets (Note 20) 489 623
Prepaid expenses and other current assets (Note 6) 265 242
Total current assets 9,190 8,734
Restricted cash—litigation escrow (Note 3) — 70
Investment securities, available-for-sale (Note 4) 711 24
Client incentives 85 101
Property, equipment and technology, net (Note 7) 1,541 1,357
Other assets (Note 6) 129 197
Intangible assets, net (Note 8) 11,436 11,478
Goodwill 11,668 11,447
Total assets $ 34,760 $ 33,408
Liabilities
Accounts payable $ 169 $ 137
Settlement payable 449 406
Customer collateral (Note 12) 931 899
Accrued compensation and benefits 387 370
Client incentives 528 418
Accrued liabilities (Note 9) 562 625
Current portion of long-term debt (Note 10) — 12
Current portion of accrued litigation (Note 21) 425 631
Total current liabilities 3,451 3,498
Long-term debt (Note 10) — 32
Accrued litigation (Note 21) — 66
Deferred tax liabilities (Note 20) 4,205 4,181
Other liabilities (Note 9) 667 617
Total liabilities 8,323 8,394
Commitments and contingencies (Note 18)
See accompanying notes, which are an integral part of these consolidated financial statements.
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