Visa 2014 Annual Report Download - page 81
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VISA INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
For the Years Ended
September 30,
2014 2013 2012
(in millions, except per share data)
Operating Revenues
Service revenues ........................................ $ 5,797 $ 5,352 $ 4,872
Data processing revenues ................................ 5,167 4,642 3,975
International transaction revenues .......................... 3,560 3,389 3,025
Other revenues ......................................... 770 716 704
Client incentives ......................................... (2,592) (2,321) (2,155)
Total operating revenues .............................. 12,702 11,778 10,421
Operating Expenses
Personnel .............................................. 1,875 1,932 1,726
Marketing .............................................. 900 876 873
Network and processing .................................. 507 468 414
Professional fees ........................................ 328 412 385
Depreciation and amortization ............................. 435 397 333
General and administrative ................................ 507 451 451
Litigation provision (Note 20) .............................. 453 3 4,100
Total operating expenses ............................. 5,005 4,539 8,282
Operating income ....................................... 7,697 7,239 2,139
Non-operating income .................................... 27 18 68
Income before income taxes ............................... 7,724 7,257 2,207
Income tax provision (Note 19) ............................. 2,286 2,277 65
Net income including non-controlling interest ................. 5,438 4,980 2,142
Loss attributable to non-controlling interest ................... ——2
Net income attributable to Visa Inc. ......................... $ 5,438 $ 4,980 $ 2,144
See accompanying notes, which are an integral part of these consolidated financial statements.
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