Cash flow Visa, Inc.

Equities

V

US92826C8394

Internet Services

Market Closed - Nyse Other stock markets 16:00:02 2024-09-17 EDT			5-day change	1st Jan Change
291.56 ^USD	+0.37%		+2.18%	+11.99%

09-16	JPMorgan, Citi Among Big International Banks to Join Central Bank Digital Currency Trial	MT
09-11	Transcript : Visa Inc. Presents at Goldman Sachs Communacopia + Technology Conference 2024, Sep-11-2024 10:10 AM

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Published financial data: VISA, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2019	2020	2021	2022	2023
Revenues	22.98B	21.85B	24.1B	29.31B	32.65B
Other Revenues, Total	-	-	-	-	-
Total Revenues	22.98B	21.85B	24.1B	29.31B	32.65B
Cost of Goods Sold, Total	721M	727M	730M	743M	736M
Gross Profit	22.26B	21.12B	23.38B	28.57B	31.92B
Selling General & Admin Expenses, Total	6.16B	6.23B	6.57B	7.95B	9.05B
Depreciation & Amortization - (IS)	656M	767M	804M	861M	943M
Other Operating Expenses, Total	6.82B	6.99B	7.37B	8.81B	9.99B
Operating Income	15.44B	14.12B	16B	19.76B	21.93B
Interest Expense, Total	-533M	-516M	-513M	-538M	-644M
Interest And Investment Income	247M	80M	-	69M	745M
Net Interest Expenses	-286M	-436M	-513M	-469M	101M
Other Non Operating Income (Expenses)	-	-8M	-19M	34M	18M
EBT, Excl. Unusual Items	15.15B	13.68B	15.47B	19.32B	22.05B
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Investments	132M	120M	747M	-296M	-82M
Legal Settlements	-400M	-11M	-3M	-868M	-927M
Other Unusual Items	-	-	-152M	-25M	-
EBT, Incl. Unusual Items	14.88B	13.79B	16.06B	18.14B	21.04B
Income Tax Expense	2.8B	2.92B	3.75B	3.18B	3.76B
Earnings From Continuing Operations	12.08B	10.87B	12.31B	14.96B	17.27B
Net Income to Company	12.08B	10.87B	12.31B	14.96B	17.27B
Net Income - (IS)	12.08B	10.87B	12.31B	14.96B	17.27B
Preferred Dividend and Other Adjustments	430M	391M	303M	327M	284M
Net Income to Common Incl Extra Items	11.65B	10.48B	12.01B	14.63B	16.99B
Net Income to Common Excl. Extra Items	11.65B	10.48B	12.01B	14.63B	16.99B
Per Share Items
Net EPS - Basic	5.33	4.9	5.64	7.02	8.3
Basic EPS - Continuing Operations	5.33	4.9	5.64	7.02	8.3
Basic Weighted Average Shares Outstanding	2.19B	2.14B	2.13B	2.08B	2.05B
Net EPS - Diluted	5.32	4.89	5.63	7	8.28
Diluted EPS - Continuing Operations	5.32	4.89	5.63	7	8.28
Diluted Weighted Average Shares Outstanding	2.27B	2.22B	2.19B	2.14B	2.08B
Normalized Basic EPS	4.33	4	4.54	5.79	6.73
Normalized Diluted EPS	4.17	3.85	4.42	5.65	6.61
Dividend Per Share	1.05	1.22	1.34	1.58	1.87
Payout Ratio	18.78	24.52	22.73	21.41	21.72
American Depositary Receipts Ratio (ADR)	0.05	0.05	0.05	0.05	0.05
Supplemental Items
EBITDA	15.74B	14.89B	16.81B	20.62B	22.87B
EBITA	15.5B	14.2B	16.09B	19.85B	22B
EBIT	15.44B	14.12B	16B	19.76B	21.93B
EBITDAR	16.02B	15.01B	16.92B	20.74B	23B
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	18.84	21.2	23.36	17.53	17.89
Current Domestic Taxes	1.75B	1.87B	2.01B	2.27B	2.92B
Current Foreign Taxes	843M	743M	869M	1.24B	1.32B
Total Current Taxes	2.59B	2.62B	2.88B	3.52B	4.25B
Deferred Domestic Taxes	212M	51M	-85M	-308M	-340M
Deferred Foreign Taxes	2M	256M	956M	-28M	-143M
Total Deferred Taxes	214M	307M	871M	-336M	-483M
Normalized Net Income	9.47B	8.55B	9.67B	12.08B	13.78B
Interest on Long-Term Debt	533M	516M	513M	538M	644M
Non-Cash Pension Expense	-37M	-33M	-44M	-54M	-
Supplemental Operating Expense Items
Marketing Expenses	1.1B	971M	1.14B	1.34B	1.34B
Selling and Marketing Expenses	1.1B	971M	1.14B	1.34B	1.34B
General and Administrative Expenses	1.65B	1.5B	1.24B	1.7B	1.88B
Research And Development Expense From Footnotes	357M	-	-	-	-
Net Rental Expense, Total	286M	114M	111M	117M	129M
Imputed Operating Lease Interest Expense	73.11M	22.75M	19.72M	22.46M	29.81M
Imputed Operating Lease Depreciation	213M	91.25M	91.28M	94.54M	99.19M
Stock-Based Comp., SG&A Exp. (Total)	388M	393M	518M	571M	734M
Stock-Based Comp., Other (Total)	19M	23M	24M	31M	31M
Total Stock-Based Compensation	407M	416M	542M	602M	765M

Fiscal Period: September	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	7.84B	16.29B	16.49B	15.69B	16.29B
Short Term Investments	4.24B	3.75B	2.02B	2.83B	3.84B
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	12.07B	20.04B	18.51B	18.52B	20.13B
Accounts Receivable, Total	4.59B	2.88B	3.73B	3.95B	4.47B
Other Receivables	-	93M	83M	190M	206M
Total Receivables	4.59B	2.98B	3.81B	4.14B	4.68B
Prepaid Expenses	491M	436M	604M	1.48B	1.28B
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	1.35B	1.03B	1.05B	2.35B	2.7B
Other Current Assets, Total	2.47B	3.16B	3.63B	3.71B	4.74B
Total Current Assets	20.97B	27.64B	27.61B	30.2B	33.53B
Gross Property Plant And Equipment	3.13B	3.24B	3.87B	4.07B	4.07B
Accumulated Depreciation	-1.58B	-1.72B	-1.76B	-1.96B	-1.96B
Net Property Plant And Equipment	1.55B	1.51B	2.11B	2.11B	2.12B
Long-term Investments	2.16B	231M	1.84B	2.14B	1.92B
Goodwill	15.66B	15.91B	15.96B	17.79B	18B
Other Intangibles, Total	27.92B	29.03B	28.78B	26.66B	27.9B
Deferred Tax Assets Long-Term	24M	63M	80M	87M	126M
Other Long-Term Assets, Total	4.29B	6.52B	6.51B	6.52B	6.91B
Total Assets	72.57B	80.92B	82.9B	85.5B	90.5B
Liabilities
Accounts Payable, Total	156M	174M	266M	340M	375M
Accrued Expenses, Total	2.03B	2.32B	3.06B	4.18B	4.74B
Current Portion of Long-Term Debt	-	3B	999M	2.25B	-
Current Portion of Leases	-	108M	103M	98M	106M
Current Income Taxes Payable	327M	134M	325M	365M	1.5B
Unearned Revenue Current, Total	-	-	-	-	-
Other Current Liabilities	10.9B	8.78B	10.98B	13.62B	16.38B
Total Current Liabilities	13.42B	14.51B	15.74B	20.85B	23.1B
Long-Term Debt	16.73B	21.07B	19.98B	20.52B	20.78B
Long-Term Leases	-	462M	471M	422M	412M
Pension & Other Post Retirement Benefits	-	-	-	-	-
Deferred Tax Liability Non Current	4.81B	5.24B	6.13B	5.33B	5.11B
Other Non Current Liabilities	2.94B	3.43B	2.99B	2.79B	2.36B
Total Liabilities	37.89B	44.71B	45.31B	49.92B	51.77B
Preferred Stock Convertible	5.46B	5.09B	3.08B	2.32B	1.7B
Total Preferred Equity	5.46B	5.09B	3.08B	2.32B	1.7B
Common Stock, Total	-	-	-	19.54B	20.45B
Additional Paid In Capital	16.54B	16.72B	18.86B	-	-
Retained Earnings	13.5B	14.09B	15.35B	16.12B	18.04B
Treasury Stock	-	-	-	-	-
Comprehensive Income and Other	-821M	315M	303M	-2.4B	-1.46B
Total Common Equity	29.22B	31.12B	34.51B	33.26B	37.04B
Total Equity	34.68B	36.21B	37.59B	35.58B	38.73B
Total Liabilities And Equity	72.57B	80.92B	82.9B	85.5B	90.5B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2B	1.98B	1.96B	1.91B	1.86B
ECS Total Common Shares Outstanding	2.01B	1.97B	1.96B	1.92B	1.88B
Book Value / Share	14.56	15.78	17.59	17.32	19.71
Tangible Book Value	-14.36B	-13.82B	-10.23B	-11.19B	-8.86B
Tangible Book Value Per Share	-7.15	-7.01	-5.22	-5.83	-4.72
Total Debt	16.73B	24.64B	21.55B	23.29B	21.3B
Net Debt	4.66B	4.6B	3.04B	4.77B	1.17B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-133M	-184M	-439M	-346M	-390M
Debt Equivalent Oper. Leases	2.29B	912M	888M	936M	1.03B
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	71M	71M	72M	72M	71M
Buildings, Total	965M	1.01B	1.01B	1B	1.02B
Machinery, Total	1.91B	2B	2.05B	2.23B	2.15B
Full Time Employees	19.5K	20.5K	21.5K	26.5K	28.8K

Fiscal Period: September	2019	2020	2021	2022	2023
Net Income	12.08B	10.87B	12.31B	14.96B	17.27B
Depreciation & Amortization - CF	239M	687M	721M	771M	867M
Amortization of Goodwill and Intangible Assets - (CF)	60M	80M	83M	90M	76M
Depreciation & Amortization, Total	299M	767M	804M	861M	943M
Amortization of Deferred Charges, Total - (CF)	357M	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-712M	264M	104M
Stock-Based Compensation (CF)	407M	416M	542M	602M	765M
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	5.94B	6.79B	8.98B	9.82B	11.69B
Change In Accounts Receivable	-333M	-43M	-343M	-97M	-250M
Change In Accounts Payable	-24M	21M	88M	67M	34M
Change In Income Taxes	-	-	-	-	-
Change in Other Net Operating Assets	-5.95B	-8.38B	-6.45B	-7.63B	-9.81B
Cash from Operations	12.78B	10.44B	15.23B	18.85B	20.76B
Capital Expenditure	-756M	-736M	-705M	-970M	-1.06B
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-699M	-77M	-75M	-1.95B	-
Investment in Marketable and Equity Securities, Total	854M	2.17B	519M	-1.5B	-1.32B
Other Investing Activities, Total	10M	72M	109M	128M	377M
Cash from Investing	-591M	1.43B	-152M	-4.29B	-2.01B
Long-Term Debt Issued, Total	-	7.21B	-	3.22B	-
Total Debt Issued	-	7.21B	-	3.22B	-
Long-Term Debt Repaid, Total	-	-	-3B	-1B	-2.25B
Total Debt Repaid	-	-	-3B	-1B	-2.25B
Issuance of Common Stock	162M	190M	208M	196M	260M
Repurchase of Common Stock	-8.72B	-8.27B	-8.82B	-11.71B	-12.23B
Common Dividends Paid	-2.27B	-2.66B	-2.8B	-3.2B	-3.75B
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-2.27B	-2.66B	-2.8B	-3.2B	-3.75B
Other Financing Activities, Total	-1.24B	-432M	-	-198M	200M
Cash from Financing	-12.06B	-3.97B	-14.41B	-12.7B	-17.77B
Foreign Exchange Rate Adjustments	-277M	440M	-37M	-1.29B	636M
Net Change in Cash	-145M	8.34B	628M	578M	1.61B
Supplemental Items
Cash Interest Paid	537M	537M	643M	607M	617M
Cash Income Tax Paid (Refund)	2.65B	2.67B	3.01B	3.74B	3.43B
Levered Free Cash Flow	9.34B	8.23B	12.05B	13.79B	16.72B
Unlevered Free Cash Flow	9.68B	8.56B	12.37B	14.12B	17.12B
Change In Net Working Capital	279M	720M	-1.73B	-1.28B	-2.77B
Net Debt Issued / Repaid	-	7.21B	-3B	2.22B	-2.25B

Fiscal Period: September	2019	2020	2021	2022	2023
Profitability
Return on Assets	13.61	11.5	12.21	14.67	15.57
Return on Total Capital	18.91	15.73	16.67	20.93	23.05
Return On Equity %	35.17	30.65	33.36	40.88	46.49
Return on Common Equity	40.34	34.72	36.59	43.18	48.34
Margin Analysis
Gross Profit Margin %	96.86	96.67	96.97	97.46	97.75
SG&A Margin	26.82	28.5	27.25	27.11	27.71
EBITDA Margin %	68.49	68.17	69.72	70.35	70.04
EBITA Margin %	67.45	65.02	66.73	67.72	67.38
EBIT Margin %	67.19	64.66	66.39	67.42	67.15
Income From Continuing Operations Margin %	52.57	49.74	51.07	51.03	52.9
Net Income Margin %	52.57	49.74	51.07	51.03	52.9
Net Avail. For Common Margin %	50.7	47.95	49.82	49.91	52.03
Normalized Net Income Margin	41.22	39.14	40.11	41.21	42.2
Levered Free Cash Flow Margin	40.67	37.68	50.01	47.04	51.2
Unlevered Free Cash Flow Margin	42.11	39.16	51.34	48.18	52.43
Asset Turnover
Asset Turnover	0.32	0.28	0.29	0.35	0.37
Fixed Assets Turnover	15.27	14.24	11.67	13.88	15.45
Receivables Turnover (Average Receivables)	6.23	5.85	7.3	7.63	7.75
Short Term Liquidity
Current Ratio	1.56	1.91	1.75	1.45	1.45
Quick Ratio	1.24	1.59	1.42	1.09	1.07
Operating Cash Flow to Current Liabilities