Visa 2015 Annual Report Download - page 83
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VISA INC.
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY—(Continued)
Common Stock Additional
Paid-In Capital
Accumulated
Income
Accumulated
Other
Comprehensive
(Loss) Income
Total
EquityClass A Class B Class C
(in millions, except per share data)
Balance as of September 30, 2013 ......................... 2,031 245 27 $ 18,875 $ 7,974 $ 21 $ 26,870
Net income .............................................. 5,438 5,438
Other comprehensive loss, net of tax ......................... (38) (38)
Comprehensive income .................................... 5,400
Conversion of class C common stock upon sale into public
market ................................................ 19 (5) —
Issuance and vesting of restricted stock and performance-based
shares ................................................ 4 —
Share-based compensation, net of forfeitures (Note 16) ......... (1)(1) 172 172
Restricted stock and performance-based shares settled in cash for
taxes ................................................. (1) (86) (86)
Excess tax benefit for share-based compensation .............. 90 90
Cash proceeds from issuance of common stock under employee
equity plans ............................................ 5 91 91
Cash dividends declared and paid, at a quarterly amount of $0.10
per as-converted share .................................. (1,006) (1,006)
Repurchase of class A common stock (Note 14) ................ (79) (843) (3,275) (4,118)
Balance as of September 30, 2014 ......................... 1,978 245 22 $ 18,299 $ 9,131 $ (17) $ 27,413
(1) Decrease in Class A common stock relates to forfeitures of restricted stock awards.
See accompanying notes, which are an integral part of these consolidated financial statements.
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