Visa 2015 Annual Report Download - page 84
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VISA INC.
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY—(Continued)
Common Stock Additional
Paid-In Capital
Accumulated
Income
Accumulated
Other
Comprehensive
(Loss) Income
Total
EquityClass A Class B Class C
(in millions, except per share data)
Balance as of September 30, 2014 ......................... 1,978 245 22 $ 18,299 $ 9,131 $ (17) $ 27,413
Net income .............................................. 6,328 6,328
Other comprehensive income, net of tax ...................... (57) (57)
Comprehensive income .................................... 6,271
Conversion of class C common stock upon sale into public
market ................................................ 11 (2) —
Issuance and vesting of restricted stock and performance-based
shares ................................................ 4 —
Share-based compensation, net of forfeitures (Note 16) .......... (1)(1) 187 187
Restricted stock and performance-based shares settled in cash for
taxes .................................................. (1) (108) (108)
Excess tax benefit for share-based compensation .............. 84 84
Cash proceeds from issuance of common stock under employee
equity plans ............................................ 3 82 82
Cash dividends declared and paid, at a quarterly amount of $0.12
per as-converted share (Note 14) .......................... (1,177) (1,177)
Repurchase of class A common stock (Note 14) ................ (44) (471) (2,439) (2,910)
Balance as of September 30, 2015 ......................... 1,950 245 20 $ 18,073 $ 11,843 $ (74) $ 29,842
(1) Decrease in Class A common stock relates to forfeitures of restricted stock awards.
See accompanying notes, which are an integral part of these consolidated financial statements.
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