Visa 2010 Annual Report Download - page 72
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Table of Contents
VISA INC.
CONSOLIDATED STATEMENTS OF CHANGES IN 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
Non-
Controlling
Interests
Total
Equity
(Deficit)
(in millions, except per share data)
Balance as of September 30, 2007(2) — — — — — $ — $ — $ (501) $ — $ 38 $ (463)
Tax adjustment as a result of adoption of FASB
ASC 740 8 8
Net income attributable to Visa Inc. 804 804
Other comprehensive loss, net of tax (70) (70)
Comprehensive income including non-
controlling interest 734
Elimination of non-controlling interests as part
of reorganization (38) (38)
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 16) (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 16) (35) (1,508) (1,508)
Class C (series II) common stock to
temporary equity (Note 16) (80) (1,104) (21) (1,125)
Proceeds from issuance of class A common
stock, net of offering expenses of $586 (Note
16) 447 19,064 19,064
Issuance of restricted share awards 1 — —
Redemption of class B and class C common
stock (Note 16) (155) (160) (13,446) (13,446)
Accretion of class C (series II) common stock (19) (19)
Share-based compensation (Note 18) 80 80
Cash dividends declared and paid, 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 8 8
Special IPO dividends received from cost-
method investees (Note 16) (1) 39 (35) 4
Balance as of September 30, 2008 448 245 124 — 28 $ 21,060 $ (35) $ 186 $ (70) $ — $ 21,141
Net income attributable to Visa Inc. 2,353 2,353
Loss attributable to non-controlling interest (1) (1)
Other comprehensive loss, net of tax (118) (118)
Comprehensive income including non-
controlling interest 2,234
Issuance of restricted share awards 1 — —
Conversion of class C (series III) and class C
(series IV) into class C (series I) common
stock (Note 16) 28 (28) —
See accompanying notes, which are an integral part of these consolidated financial statements.
71