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Table of Contents
Selected Quarterly Financial Data (Unaudited)
The following tables show selected quarterly operating results for each quarter and full year of fiscal 2012 and 2011 for the
Company:
112
Quarter Ended (unaudited)
Fiscal Year
Visa Inc. Sept. 30,
2012
(1)
June 30,
2012
(2)
Mar. 31,
2012
Dec.31,
2011
2012 Total
(in millions, except per share data)
Operating revenues
$
2,731
$
2,565
$
2,578
$
2,547
$
10,421
Operating income (loss)
1,522
(2,607
)
1,606
1,618
2,139
Net income (loss) attributable to Visa Inc.
1,662
(1,839
)
1,292
1,029
2,144
Basic earnings (loss) per share
Class A common stock
$
2.48
$
(2.74
)
$
1.92
$
1.50
$
3.17
Class B common stock
$
1.05
$
(1.16
)
$
0.82
$
0.73
$
1.40
Class C common stock
$
2.48
$
(2.74
)
$
1.92
$
1.50
$
3.17
Diluted earnings (loss) per share
Class A common stock
$
2.47
$
(2.74
)
$
1.91
$
1.49
$
3.16
Class B common stock
$
1.04
$
(1.16
)
$
0.81
$
0.73
$
1.39
Class C common stock
$
2.47
$
(2.74
)
$
1.91
$
1.49
$
3.16
Quarter Ended (unaudited)
Fiscal Year
Visa Inc. Sept. 30,
2011
June 30,
2011
Mar. 31,
2011
Dec. 31,
2010
2011 Total
(in millions, except per share data)
Operating revenues
$
2,383
$
2,322
$
2,245
$
2,238
$
9,188
Operating income
1,362
1,345
1,383
1,366
5,456
Net income attributable to Visa Inc.
880
1,005
881
884
3,650
Basic earnings per share
Class A common stock
$
1.28
$
1.43
$
1.24
$
1.23
$
5.18
Class B common stock
$
0.62
$
0.70
$
0.63
$
0.63
$
2.59
Class C common stock
$
1.28
$
1.43
$
1.24
$
1.23
$
5.18
Diluted earnings per share
Class A common stock
$
1.27
$
1.43
$
1.23
$
1.23
$
5.16
Class B common stock
$
0.62
$
0.70
$
0.63
$
0.63
$
2.58
Class C common stock
$
1.27
$
1.43
$
1.23
$
1.23
$
5.16
(1)
During the fourth quarter of fiscal 2012, we reversed all previously recorded tax reserves and accrued interest associated with
uncertainties related to the deductibility of covered litigation expense recorded in fiscal 2007 through the third quarter of fiscal
2012, which increased our quarterly net income by $627 million. See Overview in Item 7—Management's Discussion and
Analysis of Financial Condition and Results of Operations
of this report.
(2)
During the third quarter of fiscal 2012, we recorded a litigation provision of $4.1 billion and related tax benefits associated with
the interchange MDL, which is covered by the retrospective responsibility plan. Settlements of, or judgments in, covered
litigation will be paid from the litigation escrow account. See Note 3—Retrospective Responsibility Plan and Note 21—Legal
Matters to our consolidated financial statements.