Visa 2010 Annual Report Download - page 73
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Table of Contents
VISA INC.
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY—(Continued)
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)
Conversion of class C common stock upon sale
into public market (Note 16) 21 (21) —
Share-based compensation (Note 18) 115 115
Excess tax benefit for share-based compensation 7 7
Cash proceeds from exercise of stock options 32 32
Restricted stock instruments settled in cash for
taxes (22) (22)
Accretion of class C (series II) common stock (2) (2)
Cash dividends declared and paid, at a quarterly
amount of $0.105 per as-converted share (318) (318)
Gain upon issuance of equity interest in joint
venture (Note 1) 6 6
Retirement of treasury stock (39) 34 (5)
Special IPO dividends received from cost-method
investees (Note 16) 1 (1) —
Investment in partially-owned consolidated
subsidiary 5 5
Balance as of September 30, 2009 470 245 131 — — $ 21,160 $ (2) $ 2,219 $ (188) $ 4 $ 23,193
Net income attributable to Visa Inc. 2,966 2,966
Loss attributable to non-controlling interest (2) (2)
Other comprehensive income, net of tax 37 37
Comprehensive income including non-controlling
interest 3,001
Issuance of restricted share awards 1 —
Conversion of class C common stock upon sale
into public market (Note 16) 34 (34) —
Share-based compensation (Note 18) 131 131
Excess tax benefit for share-based compensation 14 14
Cash proceeds from exercise of stock options 1 56 56
Restricted stock instruments settled in cash for
taxes (14) (14)
Cash dividends declared and paid, at a quarterly
amount of $0.125 per as-converted share
(Note 16) (368) (368)
Retirement of treasury stock (2) 2 —
Repurchase of class A common stock (Note 16) (13) (551) (449) (1,000)
Special IPO dividends received from cost-method
investees (Note 16) 1 1
Investment in partially-owned consolidated
subsidiary (1) 1 —
Balance as of September 30, 2010 493 245 97 — — $ 20,794 $ — $ 4,368 $ (151) $ 3 $ 25,014
(1) Shares of class C (series I) common stock were designated as class C common stock with no series designation upon October 2008 redemption.
(2) Historical balances for periods prior to October 1, 2007 represent balances for Visa U.S.A., the accounting acquirer in the October 2007 reorganization.
See accompanying notes, which are an integral part of these consolidated financial statements.
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