Visa 2008 Annual Report Download - page 125

Table of Contents
VISA INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
September 30, 2008
(in millions, except as noted)
Pro Forma Results of Operations
The following Visa Inc. pro forma results of operations for fiscal 2007 have been prepared to give effect to the reorganization described above
assuming it occurred on October 1, 2006.
The pro forma results of operations are presented for illustrative purposes only and are not necessarily indicative of the results of operations that would
have been obtained had these events actually occurred on October 1, 2006, nor do they intend to be a projection of future results of operations. The pro forma
results of operations have been prepared by applying adjustments to the historical consolidated statements of operations of Visa U.S.A., Visa International and
Visa Canada for fiscal 2007.
(in millions except share and per share data) Fiscal 2007
Operating Revenues
Service fees $ 2,582
Data processing fees 1,659
International transaction fees 1,193
Other revenues 473
Volume and support incentives (714)
Total operating revenues 5,193
Operating Expenses
Personnel 1,159
Network, EDP and communications 308
Advertising, marketing and promotion 1,075
Professional and consulting fees 552
Depreciation and amortization 228
Administrative and other 334
Litigation provision 2,653
Total operating expenses 6,309
Operating loss (1,116)
Other Income (Expense)
Interest expense (96)
Investment income 197
Other 8
Total other income 109
Loss before income taxes (1,007)
Income tax benefit (146)
Net loss $ (861)
Basic and diluted net loss per share $ (1.11)
Shares used in basic and diluted net loss per share 775,080,512
124