Visa 2015 Annual Report Download - page 77
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VISA INC.
CONSOLIDATED BALANCE SHEETS
September 30,
2015
September 30,
2014
(in millions, except par value data)
Assets
Cash and cash equivalents .................................. $ 3,518 $ 1,971
Restricted cash—litigation escrow (Note 3) ..................... 1,072 1,498
Investment securities (Note 4):
Trading ............................................... 66 69
Available-for-sale ....................................... 2,431 1,910
Settlement receivable ....................................... 408 786
Accounts receivable ........................................ 847 822
Customer collateral (Note 11) ................................ 1,023 961
Current portion of client incentives ............................. 303 210
Deferred tax assets (Note 19) ................................ 871 1,028
Prepaid expenses and other current assets (Note 5) .............. 353 307
Total current assets ................................. 10,892 9,562
Investment securities, available-for-sale (Note 4) ................. 3,384 3,015
Client incentives ........................................... 110 81
Property, equipment and technology, net (Note 6) ................ 1,888 1,892
Other assets (Note 5) ....................................... 776 855
Intangible assets, net (Note 7) ................................ 11,361 11,411
Goodwill (Note 7) .......................................... 11,825 11,753
Total assets ....................................... $ 40,236 $ 38,569
Liabilities
Accounts payable .......................................... $ 127 $ 147
Settlement payable ......................................... 780 1,332
Customer collateral (Note 11) ................................ 1,023 961
Accrued compensation and benefits ........................... 503 450
Client incentives ........................................... 1,049 1,036
Accrued liabilities (Note 8) ................................... 868 624
Accrued litigation (Note 20) .................................. 1,024 1,456
Total current liabilities ............................... 5,374 6,006
Deferred tax liabilities (Note 19) ............................... 4,123 4,145
Other liabilities (Note 8) ..................................... 897 1,005
Total liabilities ...................................... 10,394 11,156
Commitments and contingencies (Note 17)
See accompanying notes, which are an integral part of these consolidated financial statements.
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