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Table of Contents
VISA INC.
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
Common Stock
Class A Class B Class C(1)
Class C
(series II)
Class C
(series III
and
series IV)
Additional
Paid
In Capital
Treasury
Stock
Accumulated
Income
(Deficit)
Accumulated
Other
Comprehensive
(Loss) Income
Total
Equity
(Deficit)
(in millions, except per share data)
Balance as of September 30, 2006(2) — — — — — $ — $ — $ 584 $ (1) $ 583
Net loss (1,076) (1,076)
Other comprehensive income, net of tax 3 3
Comprehensive loss (1,073)
Adjustment to initially apply FASB ASC 715, net of tax (9) (2) (11)
Balance as of September 30, 2007(2) — — — — — — $ — $ (501) $ — $ (501)
Tax adjustment as a result of adoption of FASB
ASC 740 8 8
Net income 804 804
Other comprehensive loss, net of tax (70) (70)
Comprehensive income 734
Issuance of regional classes of common stock 426 258 12,613 12,613
Issuance of class EU (series I and series III) common stock 63 3,068 3,068
Issuance of class EU
(series II) common stock 28 1,104 1,104
Conversion of regional common stock in the true-up (Note 15) (26) 27 1,150 1,150
Issuance of class C (series II) common stock 52 — —
Reclassification of common stock upon IPO:
Class C (series III) common stock to liabilities (Note 15) (35) (1,508) (1,508)
Class C (series II) common stock to temporary equity
(Note 15) (80) (1,104) (21) (1,125)
Proceeds from issuance of class A common stock, net of offering
expenses of $586 447 19,064 19,064
Issuance of restricted share awards 1 — —
Redemption of class B and class C common stock (155) (160) (13,446) (13,446)
Accretion of class C
(series II) common stock (Note 15) (19) (19)
Share-based compensation (Note 17) 80 80
Cash dividends declared, at a quarterly amount of $0.105 per as-
converted share (93) (93)
Impact of cash dividend declaration on class C (series II)
common stock (Note 15) 8 8
Special IPO dividends received from cost-method investees
(Note 15) (1) 39 (35) 4
Balance as of September 30, 2008 448 245 124 — 28 $ 21,060 $ (35) $ 186 $ (70) $ 21,141
64