Balance Sheet MasterCard, Inc.

Equities

MA

US57636Q1040

Internet Services

Market Closed - Nyse Other stock markets 16:00:02 2024-09-13 EDT			5-day change	1st Jan Change
493.36 ^USD	+0.25%		+3.62%	+15.67%

09-13	BMO Capital Raises Price Target on Mastercard to $550 From $520	MT
09-12	Financials Up Amid Deal Intrigue, Rate Bets -- Financials Roundup	DJ

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Published financial data: MASTERCARD, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	16.88B	15.3B	18.88B	22.24B	25.1B
Total Revenues	16.88B	15.3B	18.88B	22.24B	25.1B
Gross Profit	16.88B	15.3B	18.88B	22.24B	25.1B
Selling General & Admin Expenses, Total	6.69B	6.56B	7.89B	8.86B	9.75B
Depreciation & Amortization - (IS)	522M	580M	726M	750M	799M
Other Operating Expenses, Total	7.22B	7.14B	8.62B	9.61B	10.55B
Operating Income	9.67B	8.16B	10.27B	12.62B	14.55B
Interest Expense, Total	-224M	-380M	-431M	-471M	-575M
Interest And Investment Income	97M	24M	11M	61M	274M
Net Interest Expenses	-127M	-356M	-420M	-410M	-301M
Other Non Operating Income (Expenses)	24M	-3M	-10M	19M	-6M
EBT, Excl. Unusual Items	9.56B	7.8B	9.84B	12.23B	14.24B
Gain (Loss) On Sale Of Investments	167M	30M	645M	-145M	-61M
Legal Settlements	-	-73M	-94M	-356M	-539M
Other Unusual Items	-	-	-82M	-	-
EBT, Incl. Unusual Items	9.73B	7.76B	10.31B	11.73B	13.64B
Income Tax Expense	1.61B	1.35B	1.62B	1.8B	2.44B
Earnings From Continuing Operations	8.12B	6.41B	8.69B	9.93B	11.2B
Net Income to Company	8.12B	6.41B	8.69B	9.93B	11.2B
Net Income - (IS)	8.12B	6.41B	8.69B	9.93B	11.2B
Net Income to Common Incl Extra Items	8.12B	6.41B	8.69B	9.93B	11.2B
Net Income to Common Excl. Extra Items	8.12B	6.41B	8.69B	9.93B	11.2B
Per Share Items
Net EPS - Basic	7.98	6.4	8.79	10.26	11.86
Basic EPS - Continuing Operations	7.98	6.4	8.79	10.26	11.86
Basic Weighted Average Shares Outstanding	1.02B	1B	988M	968M	944M
Net EPS - Diluted	7.94	6.37	8.76	10.22	11.83
Diluted EPS - Continuing Operations	7.94	6.37	8.76	10.22	11.83
Diluted Weighted Average Shares Outstanding	1.02B	1.01B	992M	971M	946M
Normalized Basic EPS	5.88	4.87	6.22	7.9	9.43
Normalized Diluted EPS	5.85	4.85	6.2	7.87	9.41
Dividend Per Share	1.39	1.64	1.81	2.04	2.37
Payout Ratio	16.57	25.04	20.04	19.16	19.28
American Depositary Receipts Ratio (ADR)	0.03	0.03	0.03	0.03	0.03
Supplemental Items
EBITDA	10.19B	8.74B	10.99B	13.37B	15.34B
EBITA	9.95B	8.46B	10.69B	13.04B	15B
EBIT	9.67B	8.16B	10.27B	12.62B	14.55B
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	16.58	17.38	15.72	15.36	17.92
Current Domestic Taxes	723M	495M	714M	1.16B	1.12B
Current Foreign Taxes	897M	781M	976M	1.3B	1.56B
Total Current Taxes	1.62B	1.28B	1.69B	2.45B	2.68B
Deferred Domestic Taxes	40M	115M	-35M	-701M	-198M
Deferred Foreign Taxes	-47M	-42M	-35M	50M	-39M
Total Deferred Taxes	-7M	73M	-70M	-651M	-237M
Normalized Net Income	5.98B	4.88B	6.15B	7.65B	8.9B
Non-Cash Pension Expense	-4M	-9M	-11M	-5M	0
Supplemental Operating Expense Items
Advertising Expense	934M	657M	895M	789M	825M
Selling and Marketing Expenses	934M	657M	895M	789M	825M
General and Administrative Expenses	5.76B	5.91B	7B	8.08B	8.93B
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	250M	254M	273M	295M	460M
Total Stock-Based Compensation	250M	254M	273M	295M	460M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	6.99B	10.11B	7.42B	7.01B	8.59B
Short Term Investments	688M	483M	473M	400M	592M
Total Cash And Short Term Investments	7.68B	10.6B	7.89B	7.41B	9.18B
Accounts Receivable, Total	5.51B	4.35B	3.01B	3.42B	4.19B
Total Receivables	5.51B	4.35B	3.01B	3.42B	4.19B
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	584M	586M	586M	589M	-
Other Current Assets, Total	3.13B	3.58B	5.46B	5.18B	5.59B
Total Current Assets	16.9B	19.11B	16.95B	16.61B	18.96B
Gross Property Plant And Equipment	2.93B	3.29B	3.52B	3.91B	4.3B
Accumulated Depreciation	-1.1B	-1.39B	-1.61B	-1.9B	-2.24B
Net Property Plant And Equipment	1.83B	1.9B	1.91B	2.01B	2.06B
Long-term Investments	914M	1.17B	1.83B	1.73B	1.73B
Goodwill	4.02B	4.96B	7.66B	7.52B	7.66B
Other Intangibles, Total	1.42B	1.75B	3.67B	3.86B	4.09B
Accounts Receivable Long-Term	-	-	-	-	387M
Deferred Tax Assets Long-Term	543M	491M	486M	1.15B	1.36B
Deferred Charges Long-Term	2.84B	3.22B	3.8B	4.58B	5.17B
Other Long-Term Assets, Total	773M	973M	1.36B	1.27B	1.04B
Total Assets	29.24B	33.58B	37.67B	38.72B	42.45B
Liabilities
Accounts Payable, Total	489M	527M	738M	926M	834M
Accrued Expenses, Total	5.16B	5.23B	6.31B	7.52B	8.03B
Short-term Borrowings	-	-	-	-	338M
Current Portion of Long-Term Debt	-	649M	792M	274M	999M
Current Portion of Leases	106M	125M	127M	140M	142M
Current Income Taxes Payable	332M	208M	337M	279M	486M
Unearned Revenue Current, Total	238M	355M	482M	434M	459M
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	5.58B	4.76B	4.38B	4.59B	4.97B
Total Current Liabilities	11.9B	11.85B	13.16B	14.17B	16.26B
Long-Term Debt	8.53B	12.02B	13.11B	13.75B	14.34B
Long-Term Leases	656M	726M	645M	630M	633M
Unearned Revenue Non Current	106M	143M	180M	248M	318M
Pension & Other Post Retirement Benefits	74M	81M	72M	46M	52M
Deferred Tax Liability Non Current	85M	86M	395M	393M	369M
Other Non Current Liabilities	1.89B	2.16B	2.69B	3.11B	3.47B
Total Liabilities	23.24B	27.07B	30.26B	32.35B	35.45B
Additional Paid In Capital	4.79B	4.98B	5.06B	5.3B	5.89B
Retained Earnings	33.98B	38.75B	45.65B	53.61B	62.56B
Treasury Stock	-32.2B	-36.66B	-42.59B	-51.35B	-60.43B
Comprehensive Income and Other	-673M	-680M	-809M	-1.25B	-1.1B
Total Common Equity	5.89B	6.39B	7.31B	6.3B	6.93B
Minority Interest	98M	126M	100M	79M	68M
Total Equity	5.99B	6.52B	7.41B	6.38B	7B
Total Liabilities And Equity	29.24B	33.58B	37.67B	38.72B	42.45B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.01B	993M	977M	953M	933M
ECS Total Common Shares Outstanding	1.01B	995M	980M	956M	934M
Book Value / Share	5.85	6.42	7.46	6.59	7.41
Tangible Book Value	455M	-322M	-4.02B	-5.08B	-4.82B
Tangible Book Value Per Share	0.45	-0.32	-4.1	-5.32	-5.15
Total Debt	9.29B	13.52B	14.67B	14.79B	16.46B
Net Debt	1.61B	2.45B	6.15B	6.99B	6.77B
Debt Equivalent of Unfunded Proj. Benefit Obligation	13M	-13M	-92M	-38M	-29M
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	98M	126M	100M	79M	68M
Equity Method Investments, Total	-	539M	255M	244M	215M
Account Code - Inventory Valuation	3	3	3	3	3
Buildings, Total	505M	522M	615M	652M	678M
Machinery, Total	1.31B	1.42B	1.55B	1.81B	2.03B
Full Time Employees	18.6K	21K	24K	29.9K	33.4K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	8.12B	6.41B	8.69B	9.93B	11.2B
Depreciation & Amortization - CF	336M	400M	424M	473M	483M
Amortization of Goodwill and Intangible Assets - (CF)	285M	303M	424M	414M	457M
Depreciation & Amortization, Total	621M	703M	848M	887M	940M
Amortization of Deferred Charges, Total - (CF)	1.14B	1.07B	1.37B	1.59B	1.62B
(Gain) Loss From Sale Of Asset	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-167M	-30M	-645M	145M	61M
Stock-Based Compensation (CF)	250M	254M	273M	295M	460M
Other Operating Activities, Total	-82M	-36M	-155M	-744M	-355M
Change In Accounts Receivable	-690M	1.2B	-7M	-433M	-506M
Change In Accounts Payable	-42M	26M	100M	190M	-99M
Change In Income Taxes	-200M	-39M	-139M	-109M	-300M
Change in Other Net Operating Assets	-766M	-2.34B	-870M	-552M	-1.04B
Cash from Operations	8.18B	7.22B	9.46B	11.2B	11.98B
Capital Expenditure	-422M	-339M	-407M	-442M	-371M
Cash Acquisitions	-1.44B	-989M	-4.44B	-313M	-
Sale (Purchase) of Intangible assets	-306M	-369M	-407M	-655M	-717M
Investment in Marketable and Equity Securities, Total	532M	-10M	-55M	-57M	-257M
Other Investing Activities, Total	-4M	-172M	33M	-3M	-6M
Cash from Investing	-1.64B	-1.88B	-5.27B	-1.47B	-1.35B
Long-Term Debt Issued, Total	2.72B	3.96B	2.02B	1.12B	1.55B
Total Debt Issued	2.72B	3.96B	2.02B	1.12B	1.55B
Long-Term Debt Repaid, Total	-500M	-	-650M	-724M	-
Total Debt Repaid	-500M	-	-650M	-724M	-
Issuance of Common Stock	126M	97M	61M	90M	237M
Repurchase of Common Stock	-6.66B	-4.62B	-6.04B	-8.89B	-9.12B
Common Dividends Paid	-1.34B	-1.6B	-1.74B	-1.9B	-2.16B
Common & Preferred Stock Dividends Paid	-1.34B	-1.6B	-1.74B	-1.9B	-2.16B
Other Financing Activities, Total	-214M	20M	-212M	-20M	-
Cash from Financing	-5.87B	-2.15B	-6.56B	-10.33B	-9.49B
Foreign Exchange Rate Adjustments	-44M	257M	-153M	-103M	128M
Net Change in Cash	632M	3.45B	-2.52B	-706M	1.27B
Supplemental Items
Cash Interest Paid	199M	311M	399M	414M	477M
Cash Income Tax Paid (Refund)	1.64B	1.35B	1.82B	2.51B	2.75B
Levered Free Cash Flow	6.46B	6.17B	8.46B	10.64B	11.11B
Unlevered Free Cash Flow	6.6B	6.41B	8.73B	10.93B	11.47B
Change In Net Working Capital	728M	16M	-632M	-1.37B	-445M
Net Debt Issued / Repaid	2.22B	3.96B	1.37B	399M	1.55B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	22.34	16.24	18.01	20.66	22.4
Return on Total Capital	44.58	28.89	30.47	36.48	40.75
Return On Equity %	141.43	102.51	124.73	144.03	167.41
Return on Common Equity	143.83	104.38	126.79	145.92	169.27
Margin Analysis
Gross Profit Margin %	100	100	100	100	100
SG&A Margin	39.65	42.87	41.78	39.86	38.86
EBITDA Margin %	60.35	57.13	58.22	60.14	61.14
EBITA Margin %	58.95	55.32	56.62	58.63	59.78
EBIT Margin %	57.26	53.34	54.37	56.77	57.96
Income From Continuing Operations Margin %	48.08	41.9	46	44.66	44.61
Net Income Margin %	48.08	41.9	46	44.66	44.61
Net Avail. For Common Margin %	48.08	41.9	46	44.66	44.61
Normalized Net Income Margin	35.41	31.87	32.56	34.38	35.46
Levered Free Cash Flow Margin	38.25	40.32	44.79	47.84	44.27
Unlevered Free Cash Flow Margin	39.08	41.87	46.22	49.16	45.7
Asset Turnover
Asset Turnover	0.62	0.49	0.53	0.58	0.62
Fixed Assets Turnover	12.28	8.2	9.92	11.37	12.34
Receivables Turnover (Average Receivables)	3.3	3.1	6.68	6.92	6.49
Short Term Liquidity
Current Ratio	1.42	1.61	1.29	1.17	1.17
Quick Ratio	1.11	1.26	0.83	0.76	0.82
Operating Cash Flow to Current Liabilities	0.69	0.61	0.72	0.79	0.74
Days Sales Outstanding (Average Receivables)	110.66	117.94	54.62	52.78	56.25
Long Term Solvency
Total Debt/Equity	155.05	207.5	197.96	231.97	235.19
Total Debt / Total Capital	60.79	67.48	66.44	69.88	70.17
LT Debt/Equity	153.28	195.63	185.56	225.48	214.05
Long-Term Debt / Total Capital	60.1	63.62