Visa 2007 Annual Report Download - page 111
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Table of Contents
VISA U.S.A. INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
September 30,
2007
September 30,
2006
(in thousands)
Assets
Cash and cash equivalents $ 275,379 $ 270,124
Investment securities, available-for-sale 747,080 660,451
Accounts receivable 245,215 216,585
Settlement receivable 9,501 41,450
Current portion of volume and support incentives 96,147 107,593
Current portion of deferred tax assets 795,013 149,671
Prepaid and other current assets 338,604 148,057
Total current assets 2,506,939 1,593,931
Investment securities, available-for-sale 737,498 515,290
Volume and support incentives 44,279 43,071
Investment in Visa International 226,524 186,353
Facilities, equipment and software, net 313,092 280,899
Deferred tax assets 470,626 237,533
Other assets 91,159 106,841
Total assets $ 4,390,117 $ 2,963,918
Liabilities
Accounts payable $ 98,586 $ 119,075
Settlement payable 49,882 88,767
Accrued compensation and benefits 244,314 179,557
Volume and support incentives 187,693 215,590
Current portion of member deposits 3,320 134,070
Accrued liabilities 420,739 407,480
Current portion of long-term debt 41,280 32,339
Current portion of accrued litigation 2,236,275 216,085
Total current liabilities 3,282,089 1,392,963
Member deposits — 3,320
Other liabilities 125,028 122,083
Long-term debt — 41,280
Accrued litigation 1,445,717 783,618
Total liabilities 4,852,834 2,343,264
Minority interest 38,610 37,840
Commitments and contingencies (Note 19)
Equity
Accumulated net (loss) income (Note 12) (500,999) 583,772
Accumulated other comprehensive loss (Note 12) (328) (958)
Total (deficit) equity (501,327) 582,814
Total liabilities, minority interest and equity $ 4,390,117 $ 2,963,918
See accompanying notes, which are an integral part of these consolidated financial statements.
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