MA FY 2021 Earnings Report — Mastercard Incorporated Revenue & Financial Results | Market Cap Arena

Mastercard IncorporatedMA

FY 2021 Earnings

Reported February 11, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$18.9B	—	$15.3B	—	23.4%
Op. Income	$10.1B	—	$8.1B	—	24.8%
Gross Margin	76.2%	—	75.2%	—	1.0pp
Net Margin	46.0%	—	41.9%	—	4.1pp
EPS (Diluted)	$8.76	—	$6.37	—	37.5%
Free Cash Flow	$8.6B	—	$6.5B	—	32.7%

Revenue Flow

Item	Amount
REVENUE	$18.9B
Cost of Revenue	$4.5B
GROSS PROFIT	$14.4B
R&D Expenses	$0
Selling & Marketing	$895M
General & Administrative	$2.5B
SG&A Expenses	$3.4B
Other Expenses	$871M
Operating Expenses	$4.3B
Cost & Expenses	$8.8B
OPERATING INCOME	$10.1B
Interest Income	$0
Interest Expense	$431M
Other Income/Expenses	$225M
INCOME BEFORE TAX	$10.3B
Income Tax Expense	$1.6B
Net Income from Continuing Ops	$8.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$8.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$8.7B
D&A	$726M
EBIT	$10.7B
EBITDA	$11.5B
EPS	$9
EPS Diluted	$9

Income Statement

Item	Amount
REVENUE	$18.9B
Cost of Revenue	$4.5B
GROSS PROFIT	$14.4B
R&D Expenses	$0
Selling & Marketing	$895M
General & Administrative	$2.5B
SG&A Expenses	$3.4B
Other Expenses	$871M
Operating Expenses	$4.3B
Cost & Expenses	$8.8B
OPERATING INCOME	$10.1B
Interest Income	$0
Interest Expense	$431M
Other Income/Expenses	$225M
INCOME BEFORE TAX	$10.3B
Income Tax Expense	$1.6B
Net Income from Continuing Ops	$8.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$8.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$8.7B
D&A	$726M
EBIT	$10.7B
EBITDA	$11.5B
EPS	$9
EPS Diluted	$9

Cash Flow Statement

Item	Amount
Net Income	$8.7B
Depreciation & Amortization	$726M
Stock-Based Compensation	$273M
Deferred Income Tax	-$69M
Other Non-Cash Items	$762M
Change in Working Capital	-$916M
OPERATING CASH FLOW	$9.5B
Capital Expenditure	-$814M
Acquisitions (Net)	-$4.4B
Purchases of Investments	-$911M
Sales/Maturities of Investments	$856M
Other Investing Activities	$33M
NET CASH FROM INVESTING	-$5.3B
Net Debt Issuance	$1.4B
Common Stock Repurchased	-$5.9B
Common Dividends Paid	-$1.7B
Other Financing Activities	-$345M
NET CASH FROM FINANCING	-$6.6B
FREE CASH FLOW	$8.6B
Net Change in Cash	-$2.5B

Balance Sheet

Item	Amount
Cash & Equivalents	$7.4B
Short-Term Investments	$473M
Net Receivables	$3.0B
Inventory	$0
Other Current Assets	$6.0B
TOTAL CURRENT ASSETS	$16.9B
PP&E (Net)	$1.9B
Goodwill	$7.7B
Intangible Assets	$3.7B
Long-Term Investments	$1.8B
Tax Assets	$486M
Other Non-Current Assets	$5.2B
TOTAL NON-CURRENT ASSETS	$20.7B
TOTAL ASSETS	$37.7B
Account Payables	$738M
Short-Term Debt	$792M
Deferred Revenue	$0
Other Current Liabilities	$4.2B
TOTAL CURRENT LIABILITIES	$13.2B
Long-Term Debt	$13.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$395M
Other Non-Current Liabilities	$3.6B
TOTAL NON-CURRENT LIABILITIES	$17.1B
TOTAL LIABILITIES	$30.3B
Common Stock	$0
Additional Paid-In Capital	$5.1B
Retained Earnings	$45.6B
Treasury Stock	-$42.6B
Accum. Other Comp. Income	-$809M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.3B
Minority Interest	$100M
TOTAL EQUITY	$7.4B
TOTAL LIABILITIES & EQUITY	$37.7B
Total Debt	$13.9B
Net Debt	$6.5B