Visa 2014 Annual Report Download - page 79
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VISA INC.
CONSOLIDATED BALANCE SHEETS
September 30, September 30,
2014 2013
(in millions, except par value data)
Assets
Cash and cash equivalents .................................. $ 1,971 $ 2,186
Restricted cash—litigation escrow (Note 3) ..................... 1,498 49
Investment securities (Note 4):
Trading ............................................... 69 75
Available-for-sale ....................................... 1,910 1,994
Income tax receivable (Note 19) .............................. 91 142
Settlement receivable ....................................... 786 799
Accounts receivable ........................................ 822 761
Customer collateral (Note 11) ................................ 961 866
Current portion of client incentives ............................ 210 282
Deferred tax assets (Note 19) ................................ 1,028 481
Prepaid expenses and other current assets (Note 5) .............. 216 187
Total current assets ................................. 9,562 7,822
Investment securities, available-for-sale (Note 4) ................ 3,015 2,760
Client incentives ........................................... 81 89
Property, equipment and technology, net (Note 6) ................ 1,892 1,732
Other assets (Note 5) ....................................... 855 521
Intangible assets, net (Note 7) ................................ 11,411 11,351
Goodwill (Note 7) .......................................... 11,753 11,681
Total assets ....................................... $ 38,569 $ 35,956
Liabilities
Accounts payable .......................................... $ 147 $ 184
Settlement payable ......................................... 1,332 1,225
Customer collateral (Note 11) ................................ 961 866
Accrued compensation and benefits ........................... 450 523
Client incentives ........................................... 1,036 919
Accrued liabilities (Note 8) ................................... 624 613
Accrued litigation (Note 20) .................................. 1,456 5
Total current liabilities ............................... 6,006 4,335
Deferred tax liabilities (Note 19) .............................. 4,145 4,149
Other liabilities (Note 8) ..................................... 1,005 602
Total liabilities ..................................... 11,156 9,086
Commitments and contingencies (Note 17)
See accompanying notes, which are an integral part of these consolidated financial statements.
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