Mastercard (MA) FY2012 results: revenue $7.4 billion, up 10.1% on the year
Mastercard Inc. (MA) reported revenue of $7.4 billion for fiscal 2012, the year ended 31 December 2012, up 10.1% on the year before. Net income was $2.8 billion, up 44.8%, and diluted earnings per share $2.19. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2013.
Revenue
$7.4 billion
+10.1% on the year
FY2007FY2012
Operating margin
53.3%
40.4% a year earlier
FY2007FY2012
Net income
$2.8 billion
+44.8% on the year
FY2007FY2012
Diluted EPS
$2.19
+47.7% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
7,391
6,714
5,539
+10.1%
Operating income
3,937
2,713
2,752
+45.1%
Operating margin
53.3%
40.4%
49.7%
Interest expense
20.0
25.0
52.0
-20.0%
Pre-tax income
3,932
2,746
2,757
+43.2%
Income tax
1,174
842
910
+39.4%
Effective tax rate
29.9%
30.7%
33.0%
Net income
2,759
1,906
1,846
+44.8%
Net margin
37.3%
28.4%
33.3%
Diluted EPS
$2.19
$1.49
$1.41
+47.7%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
2,948
2,684
1,697
+9.8%
Capital expenditure
96.0
77.0
61.0
+24.7%
Free cash flow
2,852
2,607
1,636
+9.4%
Free cash flow margin
38.6%
38.8%
29.5%
Cash from investing
-2,839
-748
-641
Cash from financing
-1,798
-1,215
19.0
Depreciation and amortisation
230
194
148
+18.6%
Share-based compensation
0.0
35.0
63.0
Buybacks
1,748
1,148
0.0
+52.3%
Dividends paid
132
77.0
79.0
+71.4%
Dividend per share
$0.12
$0.06
$0.06
+100.0%
Diluted shares, weighted
1,260m
1,280m
1,310m
-1.6%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
6,917
5,868
5,205
+17.9%
Non-controlling interest
12.0
9.0
11.0
+33.3%
Debt
0.0
0.0
20.0
Other liabilities
5,533
4,816
3,601
+14.9%
Total liabilities and equity
12,462
10,693
8,837
+16.5%
Fixed assets
472
449
439
+5.1%
Goodwill
1,092
1,014
677
+7.7%
Intangible assets
672
665
530
+1.1%
Investments
2,983
1,285
937
+132.1%
Cash and equivalents
2,052
3,734
3,067
-45.0%
Receivables
925
808
650
+14.5%
Other assets
4,266
2,738
2,537
+55.8%
Total assets
12,462
10,693
8,837
+16.5%
10-K for the year ended 31 December 2012, filed 14 February 2013: the filing.