MA FY 2012 Earnings Report — Mastercard Incorporated Revenue & Financial Results | Market Cap Arena

Mastercard IncorporatedMA

FY 2012 Earnings

Reported February 14, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$7.4B	—	$6.7B	—	10.1%
Op. Income	$3.9B	—	$2.7B	—	45.1%
Gross Margin	78.8%	—	78.4%	—	0.5pp
Net Margin	37.3%	—	28.4%	—	8.9pp
EPS (Diluted)	$2.19	—	$1.48	—	48.0%
Free Cash Flow	$2.7B	—	$2.5B	—	8.9%

Revenue Flow

Item	Amount
REVENUE	$7.4B
Cost of Revenue	$1.6B
GROSS PROFIT	$5.8B
R&D Expenses	$0
Selling & Marketing	$775M
General & Administrative	$837M
SG&A Expenses	$1.6B
Other Expenses	$277M
Operating Expenses	$1.9B
Cost & Expenses	$3.5B
OPERATING INCOME	$3.9B
Interest Income	$36M
Interest Expense	$20M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$3.9B
Income Tax Expense	$1.2B
Net Income from Continuing Ops	$2.8B
Net Income from Discontinued Ops	$0
Other Adjustments	-$1M
NET INCOME	$2.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.8B
D&A	$230M
EBIT	$4.0B
EBITDA	$4.2B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$7.4B
Cost of Revenue	$1.6B
GROSS PROFIT	$5.8B
R&D Expenses	$0
Selling & Marketing	$775M
General & Administrative	$837M
SG&A Expenses	$1.6B
Other Expenses	$277M
Operating Expenses	$1.9B
Cost & Expenses	$3.5B
OPERATING INCOME	$3.9B
Interest Income	$36M
Interest Expense	$20M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$3.9B
Income Tax Expense	$1.2B
Net Income from Continuing Ops	$2.8B
Net Income from Discontinued Ops	$0
Other Adjustments	-$1M
NET INCOME	$2.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.8B
D&A	$230M
EBIT	$4.0B
EBITDA	$4.2B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$2.8B
Depreciation & Amortization	$230M
Stock-Based Compensation	$42M
Deferred Income Tax	$199M
Other Non-Cash Items	$53M
Change in Working Capital	-$334M
OPERATING CASH FLOW	$2.9B
Capital Expenditure	-$218M
Acquisitions (Net)	-$70M
Purchases of Investments	-$3.1B
Sales/Maturities of Investments	$1.3B
Other Investing Activities	-$733M
NET CASH FROM INVESTING	-$2.8B
Net Debt Issuance	$0
Common Stock Repurchased	-$1.7B
Common Dividends Paid	-$132M
Other Financing Activities	$82M
NET CASH FROM FINANCING	-$1.8B
FREE CASH FLOW	$2.7B
Net Change in Cash	-$1.7B

Balance Sheet

Item	Amount
Cash & Equivalents	$2.1B
Short-Term Investments	$3.0B
Net Receivables	$2.0B
Inventory	$0
Other Current Assets	$1.6B
TOTAL CURRENT ASSETS	$9.4B
PP&E (Net)	$472M
Goodwill	$1.1B
Intangible Assets	$672M
Long-Term Investments	$281M
Tax Assets	$0
Other Non-Current Assets	-$2.5B
TOTAL NON-CURRENT ASSETS	$2.5B
TOTAL ASSETS	$12.5B
Account Payables	$357M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.0B
TOTAL CURRENT LIABILITIES	$4.9B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$0
TOTAL LIABILITIES	$5.5B
Common Stock	$0
Additional Paid-In Capital	$3.6B
Retained Earnings	$7.4B
Treasury Stock	-$4.1B
Accum. Other Comp. Income	$0
Other Equity	-$437M
TOTAL STOCKHOLDERS' EQUITY	$6.9B
Minority Interest	$12M
TOTAL EQUITY	$6.9B
TOTAL LIABILITIES & EQUITY	$0
Total Debt	$0
Net Debt	$0