Visa 2009 Annual Report Download - page 61

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Table of Contents
VISA INC.
CONSOLIDATED BALANCE SHEETS
September 30,
2009
September 30,
2008
(in millions)
Assets
Cash and cash equivalents $ 4,617 $ 4,979
Restricted cash—litigation escrow (Note 4) 1,365 1,298
Investment securities
Trading (Note 5) 59 —
Available-for-sale (Note 5) 56 355
Settlement receivable 605 1,131
Accounts receivable 444 342
Customer collateral (Note 12) 812 679
Current portion of volume and support incentives 214 256
Current portion of deferred tax assets (Note 20) 703 944
Prepaid expenses and other current assets (Note 6) 366 1,190
Total current assets 9,241 11,174
Restricted cash—litigation escrow (Note 4) 350 630
Investment securities, available-for-sale (Note 5) 168 244
Volume and support incentives 102 123
Property, equipment and technology, net (Note 7) 1,204 1,080
Other assets (Note 6) 125 634
Intangible assets 10,883 10,883
Goodwill 10,208 10,213
Total assets $ 32,281 $ 34,981
Liabilities
Accounts payable $ 156 $ 159
Settlement payable 634 1,095
Customer collateral (Note 12) 812 679
Accrued compensation and benefits 396 420
Volume and support incentives 284 249
Accrued liabilities (Note 9) 754 306
Current portion of long-term debt (Note 10) 12 51
Current portion of accrued litigation (Note 21) 1,394 2,698
Redeemable class C (series III) common stock, no shares and 35 shares issued and outstanding, respectively (Note 15) — 1,508
Total current liabilities 4,442 7,165
Long-term debt (Note 10) 44 55
Accrued litigation (Note 21) 323 1,060
Deferred tax liabilities (Note 20) 3,807 3,811
Other liabilities (Note 9) 472 613
Total liabilities 9,088 12,704
See accompanying notes, which are an integral part of these consolidated financial statements.
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