Visa 2014 Annual Report Download - page 146
Download and view the complete annual report
Please find page 146 of the 2014 Visa annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136 -
137 -
138 -
139 -
140 -
141 -
142 -
143 -
144 -
145 -
146 -
147 -
148 -
149 -
150 -
151 -
152 -
153 -
154 -
155 -
156 -
157
-
158
-
159
-
160
-
161
 |
 |
Selected Quarterly Financial Data (Unaudited)
The following tables show selected quarterly operating results for each quarter and full year of
fiscal 2014 and 2013 for the Company:
Quarter Ended (unaudited) Fiscal Year
Visa Inc.
Sep. 30,
2014 (1)
Jun. 30,
2014
Mar. 31,
2014
Dec. 31,
2013 2014 Total
(in millions, except per share data)
Operating revenues ................... $ 3,229 $ 3,155 $ 3,163 $ 3,155 $12,702
Operating income .................... $ 1,552 $ 2,020 $ 2,048 $ 2,077 $ 7,697
Net income attributable to Visa Inc. ..... $ 1,073 $ 1,360 $ 1,598 $ 1,407 $ 5,438
Basic earnings per share
Class A common stock ................. $ 1.73 $ 2.17 $ 2.53 $ 2.21 $ 8.65
Class B common stock ................. $ 0.73 $ 0.91 $ 1.06 $ 0.93 $ 3.63
Class C common stock ................. $ 1.73 $ 2.17 $ 2.53 $ 2.21 $ 8.65
Diluted earnings per share
Class A common stock ................. $ 1.72 $ 2.17 $ 2.52 $ 2.20 $ 8.62
Class B common stock ................. $ 0.72 $ 0.91 $ 1.06 $ 0.93 $ 3.62
Class C common stock ................. $ 1.72 $ 2.17 $ 2.52 $ 2.20 $ 8.62
Quarter Ended (unaudited) Fiscal Year
Visa Inc.
Sep. 30,
2013
Jun. 30,
2013
Mar. 31,
2013
Dec. 31,
2012 2013 Total
(in millions, except per share data)
Operating revenues ................... $ 2,973 $ 3,001 $ 2,958 $ 2,846 $11,778
Operating income .................... $ 1,751 $ 1,828 $ 1,860 $ 1,800 $ 7,239
Net income attributable to Visa Inc. ..... $ 1,192 $ 1,225 $ 1,270 $ 1,293 $ 4,980
Basic earnings per share
Class A common stock ................. $ 1.86 $ 1.89 $ 1.93 $ 1.94 $ 7.61
Class B common stock ................. $ 0.78 $ 0.79 $ 0.81 $ 0.82 $ 3.20
Class C common stock ................. $ 1.86 $ 1.89 $ 1.93 $ 1.94 $ 7.61
Diluted earnings per share
Class A common stock ................. $ 1.85 $ 1.88 $ 1.92 $ 1.93 $ 7.59
Class B common stock ................. $ 0.78 $ 0.79 $ 0.81 $ 0.81 $ 3.19
Class C common stock ................. $ 1.85 $ 1.88 $ 1.92 $ 1.93 $ 7.59
(1) During the fourth quarter of fiscal 2014, we recorded a litigation provision of $450 million and
related tax benefits associated with the interchange multidistrict litigation, which is covered by the
retrospective responsibility plan. Monetary liabilities from settlements of, or judgments in, the
covered litigation will be paid from the litigation escrow account. See Note 3—Retrospective
Responsibility Plan and Note 20—Legal Matters to our consolidated financial statements.
132