Visa Inc. (V) financial statements (2020 and earlier)

Company profile

Business Address P.O. BOX 8999
SAN FRANCISCO, CA 94128-8999
State of Incorp. DE
Fiscal Year End September 30
SIC 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,76812,6668,16213,4388,9386,0153,950
Cash and cash equivalents8,7687,8388,1629,8745,6193,5181,971
Short-term investments 4,828 3,5643,3192,4971,979
Restricted cash and investments  1,4911,0311,0271,0721,498
Receivables1,6611,6721,2901,2801,273924913
Prepaid expense    151137103
Derivative instruments and hedges, assets    507640
Other current assets    1226373
Other undisclosed current assets11,8906,6327,2733,2742,7522,6052,985
Total current assets:22,31920,97018,21619,02314,31310,8929,562
Noncurrent Assets
Nontrade receivables     627597
Property, plant and equipment2,7392,6952,4722,2532,1501,8881,892
Long-term investments and receivables1,7192,157 1,9263,9313,3843,015
Long-term investments1,7192,157 1,9263,9313,3843,015
Intangible assets, net (including goodwill)42,90442,43642,75242,95842,30023,18623,164
Goodwill15,76715,65615,19415,11015,06611,82511,753
Intangible assets, net (excluding goodwill)27,13726,78027,55827,84827,23411,36111,411
Prepaid expense     5751
Other noncurrent assets2,6192,2321,1651,226893776855
Defined benefit plan, assets for plan benefits 36164
Other undisclosed noncurrent assets2,4812,0844,620591448(610)(731)
Total noncurrent assets:52,46251,60451,00948,95449,72229,34429,007
TOTAL ASSETS:74,78172,57469,22567,97764,03540,23638,569
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,7052,9042,5012,0652,0041,5731,294
Accounts payable133156183179203127147
Accrued liabilities2,0451,6251,1601,1291,128868624
Employee-related liabilities527796901757673503450
Taxes payable 327257  7573
Debt3,000  1,749   
Estimated litigation liability1,629      
Deferred tax liabilities   19 
Other undisclosed current liabilities10,24510,5118,8046,1806,0423,7824,712
Total current liabilities:17,57913,41511,3059,9948,0465,3746,006
Noncurrent Liabilities
Long-term debt and lease obligation13,688      
Long-term debt, excluding current maturities13,688      
Liabilities, other than long-term debt8,24410,2465,0661,3211,1625,8406,055
Accounts payable and accrued liabilities 2,5002,400  820913
Deferred tax liabilities, net   4,1234,137
Deferred income tax liabilities4,8104,807
Other liabilities3,4342,9392,6661,3211,1628971,005
Other undisclosed noncurrent liabilities 14,22918,84823,90221,915(820)(905)
Total noncurrent liabilities:21,93224,47523,91425,22323,0775,0205,150
Total liabilities:39,51137,89035,21935,21731,12310,39411,156
Stockholders' equity
Stockholders' equity attributable to parent29,98329,39328,54327,28627,22929,84227,413
Treasury stock, value    (170)  
Additional paid in capital16,42416,54116,67816,90017,39518,07318,299
Accumulated other comprehensive income (loss)(340)(650)547878(458)(74)(17)
Retained earnings13,89913,50211,3189,50810,46211,8439,131
Other undisclosed stockholders' equity5,2875,2915,4635,4745,683  
Total stockholders' equity:35,27034,68434,00632,76032,91229,84227,413
TOTAL LIABILITIES AND EQUITY:74,78172,57469,22567,97764,03540,23638,569

Income statement (P&L) ($ in millions)

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
Revenues23,52522,97720,60918,35815,08213,88012,702
Cost of revenue(5,210)(5,019)(4,909)(3,676)(5,032)(2,903)(3,163)
Gross profit:18,31517,95815,70014,68210,05010,9779,539
Operating expenses(3,015)(2,957)(2,746)(2,538)(2,167)(1,913)(1,842)
Operating income:15,30015,00112,95412,1447,8839,0647,697
Nonoperating income (expense)(72)(117)(148)(450)129(69)27
Investment income, nonoperating     4240
Other nonoperating income427416464113556  
Income from continuing operations before income taxes:15,22814,88412,80611,6948,0128,9957,724
Income tax expense(2,853)(2,804)(2,505)(4,995)(2,021)(2,667)(2,286)
Net income available to common stockholders, diluted:12,37512,08010,3016,6995,9916,3285,438

Comprehensive Income ($ in millions)

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
Net income:12,37512,08010,3016,6995,9916,3285,438
Other comprehensive income (loss)(590)(1,204)(331)1,336(384)(57)(38)
Comprehensive income, net of tax, attributable to parent:11,78510,8769,9708,0355,6076,2715,400

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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