MA FY 2020 Earnings Report — Mastercard Incorporated Revenue & Financial Results | Market Cap Arena

Mastercard IncorporatedMA

FY 2020 Earnings

Reported February 12, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$15.3B	—	$16.9B	—	-9.4%
Op. Income	$8.1B	—	$9.7B	—	-16.4%
Gross Margin	75.2%	—	79.0%	—	-3.8pp
Net Margin	41.9%	—	48.1%	—	-6.2pp
EPS (Diluted)	$6.37	—	$7.94	—	-19.8%
Free Cash Flow	$6.5B	—	$7.5B	—	-12.6%

Revenue Flow

Item	Amount
REVENUE	$15.3B
Cost of Revenue	$3.8B
GROSS PROFIT	$11.5B
R&D Expenses	$0
Selling & Marketing	$657M
General & Administrative	$2.1B
SG&A Expenses	$2.8B
Other Expenses	$662M
Operating Expenses	$3.4B
Cost & Expenses	$7.2B
OPERATING INCOME	$8.1B
Interest Income	$0
Interest Expense	$380M
Other Income/Expenses	-$321M
INCOME BEFORE TAX	$7.8B
Income Tax Expense	$1.3B
Net Income from Continuing Ops	$6.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6.4B
D&A	$580M
EBIT	$8.1B
EBITDA	$8.7B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$15.3B
Cost of Revenue	$3.8B
GROSS PROFIT	$11.5B
R&D Expenses	$0
Selling & Marketing	$657M
General & Administrative	$2.1B
SG&A Expenses	$2.8B
Other Expenses	$662M
Operating Expenses	$3.4B
Cost & Expenses	$7.2B
OPERATING INCOME	$8.1B
Interest Income	$0
Interest Expense	$380M
Other Income/Expenses	-$321M
INCOME BEFORE TAX	$7.8B
Income Tax Expense	$1.3B
Net Income from Continuing Ops	$6.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6.4B
D&A	$580M
EBIT	$8.1B
EBITDA	$8.7B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$6.4B
Depreciation & Amortization	$580M
Stock-Based Compensation	$254M
Deferred Income Tax	$73M
Other Non-Cash Items	$1.1B
Change in Working Capital	-$1.1B
OPERATING CASH FLOW	$7.2B
Capital Expenditure	-$708M
Acquisitions (Net)	-$989M
Purchases of Investments	-$807M
Sales/Maturities of Investments	$622M
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$1.9B
Net Debt Issuance	$4.0B
Common Stock Repurchased	-$4.5B
Common Dividends Paid	-$1.6B
Other Financing Activities	$117M
NET CASH FROM FINANCING	-$2.2B
FREE CASH FLOW	$6.5B
Net Change in Cash	$3.5B

Balance Sheet

Item	Amount
Cash & Equivalents	$10.1B
Short-Term Investments	$483M
Net Receivables	$4.4B
Inventory	$0
Other Current Assets	$4.1B
TOTAL CURRENT ASSETS	$19.1B
PP&E (Net)	$1.9B
Goodwill	$5.0B
Intangible Assets	$1.8B
Long-Term Investments	$1.2B
Tax Assets	$491M
Other Non-Current Assets	$4.2B
TOTAL NON-CURRENT ASSETS	$14.5B
TOTAL ASSETS	$33.6B
Account Payables	$527M
Short-Term Debt	$649M
Deferred Revenue	$0
Other Current Liabilities	$4.4B
TOTAL CURRENT LIABILITIES	$11.8B
Long-Term Debt	$12.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$86M
Other Non-Current Liabilities	$3.1B
TOTAL NON-CURRENT LIABILITIES	$15.2B
TOTAL LIABILITIES	$27.1B
Common Stock	$0
Additional Paid-In Capital	$5.0B
Retained Earnings	$38.7B
Treasury Stock	-$36.7B
Accum. Other Comp. Income	-$680M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.4B
Minority Interest	$126M
TOTAL EQUITY	$6.5B
TOTAL LIABILITIES & EQUITY	$33.6B
Total Debt	$12.7B
Net Debt	$2.6B