VISA INC. V Balance Sheet

Visa inc. (V)

Balance Sheet / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Sep'08
Assets
Cash and cash equivalents
9,740	8,768	7,838	7,912	7,648	8,289	8,162	8,505	8,142	8,138	9,874	7,437	6,427	5,824	5,619	5,887	15,943	12,837	3,518	2,147	2,039	2,085	1,971	2,058	1,820	2,121	2,186	1,453	1,377	1,334	2,074	1,558	2,042	1,942	2,127	3,600	3,512	3,684	3,867	5,205	4,560	4,160	4,617	4,200	4,979
Restricted cash equivalents—U.S. litigation escrow (Note 4 and Note 5)
1,264	1,634	1,205	902	899	1,496	1,491	1,487	884	883	1,031	1,030	1,029	1,028	1,027	1,027	1,061	1,061	1,072	1,143	1,178	1,398	1,498	1,105	1,105	49	49	49	49	49	4,432	4,282	4,282	4,352	2,857	2,927	2,997	2,666	1,866	1,865	1,365	1,365	1,365	1,141	1,298
Investment securities (Note 6)
2,411	3,902	4,236	3,265	3,876	3,461	3,547	3,302	3,483	3,307	3,482	2,674	1,417	3,615	3,248	2,796	3,885	8,428	2,431	2,504	2,496	2,417	1,910	1,920	1,592	1,880	1,994	1,822	1,270	1,377	677	682	849	734	1,214	155	131	132	124	29	22	25	56	47	355
Trading
-	-	-	-	-	-	-	94	94	106	82	80	78	82	71	69	69	80	66	71	71	78	69	86	82	89	75	73	72	74	66	63	66	65	57	65	66	69	60	56	63	68	59	83	0
Income tax receivable (Note 19)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26	33	20	142	600	1,163	1,341	179	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Settlement receivable
1,432	3,273	3,048	1,689	1,574	3,123	1,582	1,615	2,501	1,618	1,422	1,419	3,350	1,333	1,467	1,499	414	443	408	704	679	500	786	775	752	888	799	459	488	859	454	443	508	509	412	405	397	506	402	416	666	736	605	998	1,131
Accounts receivable
1,516	1,661	1,542	1,531	1,404	1,405	1,208	1,220	1,259	1,281	1,132	1,105	1,081	1,120	1,041	1,066	944	922	847	892	896	900	822	824	832	840	761	779	802	801	723	793	655	629	560	551	538	527	476	501	502	536	444	419	342
Customer collateral (Note 4 and Note 9)
1,698	1,698	1,648	1,668	1,735	1,330	1,324	1,346	1,250	1,155	1,106	1,075	1,043	1,006	1,001	1,032	1,050	1,041	1,023	1,068	1,079	1,041	961	936	923	886	866	817	846	819	823	886	898	908	931	897	870	883	899	869	842	815	812	739	679
Current portion of client incentives
957	803	741	690	589	547	340	377	331	295	344	308	292	265	284	291	291	414	303	248	243	200	210	221	255	235	282	240	215	168	209	224	233	206	278	195	152	164	175	177	212	241	214	217	256
Deferred tax assets (Note 19)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	834	838	927	1,028	830	850	466	481	429	421	389	2,027	1,645	430	461	489	507	497	545	623	448	470	595	703	484	944
Prepaid expenses and other current assets
889	580	712	648	765	456	562	545	592	504	550	590	788	416	555	707	646	247	353	457	586	318	307	244	263	291	187	220	211	176	122	323	332	172	265	214	446	179	242	284	413	212	366	1,234	1,190
Total current assets
19,907	22,319	20,970	18,305	18,490	20,107	18,216	18,491	18,536	17,287	19,023	15,718	15,505	14,689	14,313	14,374	24,303	25,473	10,021	10,068	10,105	9,864	9,562	9,025	8,507	7,765	7,822	6,941	6,914	7,387	11,786	10,899	10,295	9,978	9,190	9,516	9,606	9,355	8,734	9,850	9,115	8,753	9,241	9,562	11,174
Investment securities (Note 6)
1,064	1,719	2,157	2,918	3,506	4,132	4,082	2,835	2,602	2,674	1,926	2,117	2,882	3,802	3,931	3,762	3,577	3,487	3,384	3,300	2,779	3,028	3,015	2,798	3,066	3,040	2,760	3,189	2,974	3,401	3,283	2,923	1,696	899	711	7	7	13	24	128	154	159	168	181	244
Restricted cash-litigation escrow (Note 3)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	70	140	210	280	350	420	630
Client incentives
3,110	2,481	2,084	1,854	1,664	1,264	538	545	566	557	591	553	486	484	448	537	540	128	110	94	89	87	81	84	89	98	89	85	100	40	58	97	98	106	85	109	115	114	101	110	129	109	102	118	123
Property, equipment and technology, net
2,776	2,739	2,695	2,549	2,456	2,437	2,472	2,387	2,366	2,238	2,253	2,202	2,133	2,201	2,150	2,136	1,883	1,884	1,888	1,847	1,843	1,861	1,892	1,772	1,760	1,746	1,732	1,689	1,674	1,641	1,634	1,581	1,540	1,542	1,541	1,510	1,453	1,380	1,357	1,185	1,183	1,203	1,204	1,170	1,080
Goodwill
15,755	15,767	15,656	15,313	15,088	15,149	15,194	15,204	15,372	15,162	15,110	15,009	14,825	14,892	15,066	15,044	11,836	11,825	11,825	11,825	11,753	11,753	11,753	11,741	11,681	11,681	11,681	11,681	11,681	11,681	11,681	11,681	11,668	11,668	11,668	11,668	11,588	11,447	11,447	10,208	10,208	10,208	10,208	10,213	10,213
Intangible assets, net
27,011	27,137	26,780	27,272	26,966	27,301	27,558	27,628	28,537	28,109	27,848	27,322	26,416	26,381	27,234	27,078	11,335	11,348	11,361	11,375	11,379	11,395	11,411	11,427	11,317	11,334	11,351	11,368	11,385	11,403	11,420	11,437	11,437	11,454	11,436	11,453	11,464	11,463	11,478	10,883	10,883	10,883	10,883	10,883	10,883
Other assets
3,197	2,619	2,232	2,038	1,695	1,265	1,165	1,085	1,063	1,127	1,226	1,079	980	921	893	936	852	832	778	920	887	896	855	828	843	584	521	332	331	306	151	123	112	121	129	184	189	217	197	192	186	120	125	77	634
Total assets
72,820	74,781	72,574	70,249	69,865	71,655	69,225	68,175	69,042	67,154	67,977	64,000	63,227	63,370	64,035	63,867	54,326	54,977	39,367	39,429	38,835	38,884	38,569	37,675	37,263	36,248	35,956	35,285	35,059	35,859	40,013	38,741	36,846	35,768	34,760	34,447	34,422	33,989	33,408	32,696	32,068	31,715	32,281	32,624	34,981
Liabilities
Accounts payable
161	133	156	150	119	124	183	145	136	108	179	130	120	118	203	115	90	118	127	89	81	135	147	101	114	101	184	131	118	114	152	111	75	87	169	93	86	95	137	94	78	87	156	106	159
Settlement payable
1,869	4,277	3,990	2,420	2,081	3,890	2,168	2,310	3,052	2,302	2,003	2,075	2,879	2,059	2,084	1,999	723	744	780	1,237	1,126	855	1,332	1,307	1,099	1,246	1,225	817	722	1,072	719	747	702	426	449	465	325	430	406	446	618	629	634	979	1,095
Customer collateral (Note 4 and Note 9)
1,698	1,698	1,648	1,668	1,735	1,330	1,325	1,346	1,250	1,155	1,106	1,075	1,043	1,006	1,001	1,032	1,050	1,041	1,023	1,068	1,079	1,041	961	936	923	886	866	817	846	819	823	886	898	908	931	897	870	883	899	869	842	815	812	739	679
Accrued compensation and benefits
573	527	796	687	578	440	901	729	530	389	757	638	500	433	673	511	376	317	503	439	334	307	450	398	356	337	523	444	358	288	460	389	332	259	387	334	281	241	370	289	276	228	396	296	420
Client incentives
4,376	4,270	3,997	3,690	3,484	3,345	2,834	2,577	2,512	2,355	2,089	1,909	1,753	1,872	1,976	1,953	1,132	1,116	1,049	1,053	987	1,058	1,036	902	827	864	919	829	890	871	830	763	750	615	528	606	531	468	418	395	343	314	284	328	249
Accrued liabilities
1,998	2,045	1,625	1,358	1,207	1,487	1,160	1,099	1,241	1,224	1,129	940	1,167	1,546	1,128	1,195	741	1,009	849	806	701	1,049	624	610	582	947	613	628	599	578	584	574	544	886	562	611	780	920	625	707	698	883	754	587	306
Deferred purchase consideration
-	-	-	0	1,262	1,284	1,300	1,300	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current maturities of debt (Note 8)
3,999	3,000	0	-	-	-	-	0	0	0	1,749	1,749	1,748	2,313	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13	12	12	12	12	12	12	12	52	51
Accrued litigation (Note 14)
1,268	1,629	1,203	856	914	1,489	1,434	1,428	830	830	982	995	996	994	981	978	1,013	1,012	1,024	1,097	1,135	1,353	1,456	1,060	1,060	4	5	5	6	5	4,386	4,384	286	356	425	512	580	630	631	670	670	669	1,394	1,348	2,698
Redeemable class C (series III) common stock, no shares and 35 shares issued and outstanding, respectively (Note 15)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,508
Total current liabilities
15,942	17,579	13,415	10,829	11,380	13,389	11,305	10,934	9,551	8,363	9,994	9,511	10,206	10,341	8,046	7,783	5,125	5,357	5,355	5,789	5,443	5,798	6,006	5,314	4,961	4,385	4,335	3,671	3,539	3,747	7,954	7,854	3,587	3,537	3,451	3,531	3,465	3,679	3,498	3,482	3,537	3,637	4,442	4,435	7,165
Long-term debt (Note 8)
13,893	13,688	16,729	16,694	16,630	16,633	16,630	16,627	16,624	16,621	16,618	14,142	14,140	14,138	15,882	15,879	15,876	15,877	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22	25	29	32	35	38	41	44	46	55
Deferred tax liabilities
4,796	4,810	4,807	4,930	4,911	4,835	4,618	4,802	5,110	5,107	5,980	5,888	5,731	4,822	4,808	4,977	3,256	3,344	3,273	4,134	4,131	4,139	4,145	4,170	4,146	4,160	4,149	4,043	4,046	4,057	4,058	3,944	3,941	4,212	4,205	4,254	4,205	4,186	4,181	3,798	3,808	3,806	3,807	3,653	3,811
Accrued litigation (Note 21)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	66	132	196	260	323	905	1,060
Deferred purchase consideration
-	-	-	-	-	-	-	0	1,367	1,330	1,304	1,258	1,180	1,164	1,225	1,209	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
3,604	3,434	2,939	2,801	2,669	2,703	2,666	2,494	2,287	2,332	1,321	1,257	1,187	1,179	1,162	1,192	938	923	897	879	1,024	1,005	1,005	905	861	689	602	568	579	467	371	785	797	718	667	588	573	551	617	569	502	494	472	786	613
Total liabilities
38,235	39,511	37,890	35,254	35,590	37,560	35,219	34,857	34,939	33,753	35,217	32,056	32,444	31,644	31,123	31,040	25,195	25,501	9,525	10,802	10,598	10,942	11,156	10,389	9,968	9,234	9,086	8,282	8,164	8,271	12,383	12,583	8,325	8,467	8,323	8,395	8,268	8,445	8,394	8,016	8,081	8,238	9,088	9,825	12,704
Commitments and contingencies (Note 17)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	-	0	-
Equity
Preferred stock
-	-	-	5,462	5,464	5,464	-	5,470	5,476	5,476	-	-	-	-	-	-	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Treasury stock (Note 13)
-	-	-	-	-	-	-	-	-	-	-	0	0	170	170	170	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right to recover for covered losses (Note 5)
184	175	171	169	163	92	7	5	6	5	52	8	77	128	34	25	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total temporary equity and minority interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	1,136
Additional paid-in capital
16,385	16,424	16,541	16,552	16,547	16,540	16,678	16,686	16,713	16,761	16,900	17,009	17,103	17,184	17,395	17,514	17,645	17,824	18,073	18,008	18,098	18,200	18,299	18,393	18,555	18,702	18,875	19,130	19,305	19,728	19,992	19,922	20,009	19,929	19,907	20,056	20,583	20,668	20,794	20,936	20,883	20,957	21,160	21,115	21,060
Accumulated income
13,366	13,899	13,502	13,040	12,513	11,908	11,318	10,426	10,192	9,966	9,508	9,299	9,140	10,492	10,462	10,334	11,582	11,701	11,843	10,623	10,108	9,732	9,131	8,909	8,714	8,269	7,974	7,989	7,723	7,997	7,809	6,411	8,688	7,544	6,706	6,130	5,707	5,023	4,368	3,822	3,199	2,691	2,219	1,783	186
Accumulated other comprehensive income (loss), net:
Investment securities
6	4	6	6	1	-4	-17	110	93	61	73	58	45	32	36	30	40	23	5	5	6	11	31	58	77	70	59	26	35	34	3	1	5	1	0	-	1	2	3	4	9	10	10	-	1
Defined benefit pension and other postretirement plans
199	203	192	66	67	67	61	74	77	76	76	207	216	221	225	126	126	131	161	86	84	80	84	68	68	60	60	181	183	184	186	189	194	183	186	112	114	114	115	71	71	133	136	-	66
Derivative instruments
78	49	199	24	96	68	60	54	-51	-33	-36	-15	-6	27	-50	-42	-9	60	83	78	110	80	38	-5	18	34	23	40	16	14	13	25	17	18	18	-33	-38	-44	-40	-13	-39	-50	-58	-	0
Foreign currency translation adjustments
-329	-190	-663	146	-116	278	565	651	1,763	1,251	917	282	-803	-1,207	-219	-405	-1	-1	-1	-1	-1	-1	-2	-1	-1	-1	-1	-1	-1	-1	-1	-12	-4	-8	-8	9	12	6	1	-2	2	-2	-4	-	-5
Total accumulated other comprehensive income (loss), net
-444	-340	-650	110	-86	275	547	741	1,728	1,203	878	118	-980	-1,369	-458	-543	-96	-49	-74	-4	31	10	-17	-16	26	43	21	-116	-133	-137	-171	-175	-176	-172	-176	-136	-139	-150	-151	-82	-99	-175	-188	-102	-70
Total Visa Inc. stockholders' equity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26,050	26,151	25,541	25,011	24,676	23,983	23,472	23,189	22,794	21,141
Non-controlling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	3	3	3	4	4	5	4	5	0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
34,585	35,270	34,684	34,995	34,275	34,095	34,006	33,318	34,103	33,401	32,760	31,944	30,783	31,726	32,912	32,827	29,131	29,476	29,842	28,627	28,237	27,942	27,413	27,286	27,295	27,014	26,870	27,003	26,895	27,588	27,630	26,158	28,521	27,301	26,437	26,052	26,154	25,544	25,014	24,680	23,987	23,477	23,193	-	-
Total liabilities and equity
72,820	74,781	72,574	70,249	69,865	71,655	69,225	68,175	69,042	67,154	67,977	64,000	63,227	63,370	64,035	63,867	54,326	54,977	39,367	39,429	38,835	38,884	38,569	37,675	37,263	36,248	35,956	35,285	35,059	35,859	40,013	38,741	36,846	35,768	34,760	34,447	34,422	33,989	33,408	32,696	32,068	31,715	32,281	32,624	34,981
Series A convertible participating preferred stock
Preferred stock
0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series B Preferred Stock [Member]
Preferred stock
2,285	2,285	2,285	2,285	2,286	2,286	2,291	2,291	2,295	2,295	2,326	2,326	2,397	2,516	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series C Preferred Stock [Member]
Preferred stock
3,177	3,177	3,177	3,177	3,178	3,178	3,179	3,179	3,181	3,181	3,200	3,200	3,200	3,201	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Class A common stock
Common stock
0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Class B [Member]
Common stock
0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Class C common stock
Common stock
0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred Stock [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	5,464	5,464	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-