Visa 2013 Annual Report Download - page 70
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VISA INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
For the Years Ended
September 30,
2013 2012 2011
(in millions, except per share data)
Operating Revenues
Service revenues ...................................... $ 5,352 $ 4,872 $ 4,261
Data processing revenues ............................... 4,642 3,975 3,478
International transaction revenues ........................ 3,389 3,025 2,674
Other revenues ....................................... 716 704 655
Client incentives ....................................... (2,321) (2,155) (1,880)
Total operating revenues ............................ 11,778 10,421 9,188
Operating Expenses
Personnel ............................................ 1,932 1,726 1,459
Marketing ............................................ 876 873 870
Network and processing ................................ 468 414 357
Professional fees ...................................... 412 385 337
Depreciation and amortization ........................... 397 333 288
General and administrative .............................. 451 451 414
Litigation provision (Note 20) ............................ 34,100 7
Total operating expenses ........................... 4,539 8,282 3,732
Operating income ...................................... 7,239 2,139 5,456
Non-operating income .................................. 18 68 200
Income before income taxes ............................. 7,257 2,207 5,656
Income tax provision ................................... 2,277 65 2,010
Net income including non-controlling interest ............... 4,980 2,142 3,646
Loss attributable to non-controlling interest ................. —24
Net income attributable to Visa Inc. ....................... $ 4,980 $ 2,144 $ 3,650
See accompanying notes, which are an integral part of these consolidated financial statements.
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