Visa 2012 Annual Report Download - page 60

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Table of Contents
VISA INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
See accompanying notes, which are an integral part of these consolidated financial statements.
58
For the Years Ended
September 30,
2012
2011
2010
(in millions, except per share data)
Operating Revenues
Service revenues
$
4,872
$
4,261
$
3,497
Data processing revenues
3,975
3,478
3,125
International transaction revenues
3,025
2,674
2,290
Other revenues
704
655
713
Client incentives
(2,155
)
(1,880
)
(1,560
)
Total operating revenues
10,421
9,188
8,065
Operating Expenses
Personnel
1,726
1,459
1,222
Network and processing
414
357
425
Marketing
873
870
964
Professional fees
385
337
286
Depreciation and amortization
333
288
265
General and administrative
451
414
359
Litigation provision (Note 21)
4,100
7
(45
)
Total operating expenses
8,282
3,732
3,476
Operating income
2,139
5,456
4,589
Other Income (Expense)
Interest income (expense)
29
(32
)
(72
)
Investment income (Note 4)
36
108
49
Other
3
124
72
Total other income
68
200
49
Income before income taxes
2,207
5,656
4,638
Income tax provision
65
2,010
1,674
Net income including non-controlling interest
2,142
3,646
2,964
Loss attributable to non-controlling interest
2
4
2
Net income attributable to Visa Inc.
$
2,144
$
3,650
$
2,966