Visa 2008 Annual Report Download - page 100
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Table of Contents
VISA INC.
CONSOLIDATED BALANCE SHEETS
September 30,
2008
September 30,
2007(1)
(in millions, except share data)
Assets
Cash and cash equivalents $ 4,979 $ 275
Restricted cash—litigation escrow 1,298 —
Investment securities, available-for-sale 355 747
Settlement receivable 1,131 10
Accounts receivable 342 245
Customer collateral 679 68
Current portion of volume and support incentives 256 96
Current portion of deferred tax assets 944 795
Prepaid expenses and other current assets 1,190 271
Total current assets 11,174 2,507
Restricted cash—litigation escrow 630 —
Investment securities, available-for-sale 244 737
Volume and support incentives 123 44
Investment in Visa International — 227
Property, equipment and technology, net 1,080 313
Deferred tax assets — 471
Other assets 634 91
Intangible assets 10,883 —
Goodwill 10,213 —
Total assets $ 34,981 $ 4,390
Liabilities
Accounts payable $ 159 $ 99
Settlement payable 1,095 50
Customer collateral 679 68
Accrued compensation and benefits 420 244
Volume and support incentives 249 188
Accrued liabilities 306 356
Current portion of long-term debt 51 41
Current portion of accrued litigation 2,698 2,236
Redeemable class C (series III) common stock, 35,263,585 shares outstanding at September 30, 2008 1,508 —
Total current liabilities 7,165 3,282
Long-term debt 55 —
Accrued litigation 1,060 1,446
Deferred tax liabilities 3,811 —
Other liabilities 613 125
Total liabilities 12,704 4,853
(1) Historical balances for periods prior to October 1, 2007 represent balances for Visa U.S.A. Inc., deemed the accounting acquirer in the business combination.
See accompanying notes, which are an integral part of these consolidated financial statements.
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