Mastercard was founded in 1966 and is headquartered in Purchase, US

President & Chief Executive Officer & Board of Directors

Chief Financial Officer

President of International Markets

Mastercard has offices in Purchase, Kansas City, Beijing, Budapest and in 72 other locations

Purchase, US (HQ)

2000 Purchase Street

Mastercard's revenue was reported to be $2.7 b in Q1, 2017

USD

## Revenue (Q1, 2017) | 2.7 b |

## Net income (Q1, 2017) | 1.1 b |

## EBIT (Q1, 2017) | 1.5 b |

## Market capitalization (22-Aug-2017) | 144.8 b |

## Cash (31-Mar-2017) | 6 b |

Mastercard's current market capitalization is $144.8 b.

- Source: Company Filings

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 8.3 b | 9.4 b | 9.7 b | 10.8 b |

## Revenue growth, % | 14% | 2% | 11% | |

## General and administrative expense | 3.7 b | |||

## Operating expense total | 3.7 b | |||

## EBIT | 4.5 b | 5.1 b | 5.1 b | 5.8 b |

## EBIT margin, % | 54% | 54% | 53% | 53% |

## Interest expense | 14 m | 48 m | 61 m | 95 m |

## Pre tax profit | 4.5 b | 5.1 b | 5 b | 5.6 b |

## Income tax expense | 1.4 b | 1.5 b | 1.2 b | 1.6 b |

## Net Income | 3.1 b | 3.6 b | 3.8 b | 4.1 b |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 2.4 b | 2.5 b | 2.4 b | 2.7 b | 2.9 b | 2.7 b | |||

## General and administrative expense | 810 m | 883 m | 868 m | 930 m | 933 m | 951 m | |||

## Operating expense total | 810 m | 883 m | 868 m | 930 m | 933 m | 951 m | |||

## EBIT | 1.3 b | 1.4 b | 1.3 b | 1.4 b | 1.7 b | 1.5 b | |||

## EBIT margin, % | 52% | 54% | 55% | 51% | 58% | 55% | |||

## Interest expense | 17 m | 15 m | 20 m | 22 m | 23 m | 39 m | |||

## Pre tax profit | 1.2 b | 1.4 b | 1.3 b | 1.4 b | 1.6 b | 1.5 b | |||

## Income tax expense | 320 m | 375 m | 378 m | 382 m | 449 m | 397 m | |||

## Net Income | 1.8 b | 2.8 b | 1 b | 1.9 b | 2.9 b | 959 m | 1.9 b | 3.1 b | 1.1 b |

- Source: Company Filings

USD | Y, 2009^{} | Y, 2010^{} | Y, 2011^{} | Y, 2012^{} | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|---|---|---|---|

## Cash | 2.1 b | 3.1 b | 3.7 b | 2.1 b | 3.6 b | 5.1 b | 5.7 b | 6.7 b |

## Accounts Receivable | 966 m | 1.1 b | 1.1 b | 1.4 b | ||||

## Inventories | 471 m | 741 m | 664 m | 850 m | ||||

## Current Assets | 11 b | 11 b | 11 b | 13.2 b | ||||

## PP&E | 526 m | 615 m | 675 m | 733 m | ||||

## Goodwill | 1.1 b | 1.5 b | 1.9 b | 1.8 b | ||||

## Total Assets | 14.2 b | 15.3 b | 16.3 b | 18.7 b | ||||

## Accounts Payable | 338 m | 419 m | 472 m | 609 m | ||||

## Total Debt | 1.5 b | 3.3 b | 5.2 b | |||||

## Current Liabilities | 6 b | 6.2 b | 6.3 b | 7.2 b | ||||

## Total Liabilities | 13 b | |||||||

## Additional Paid-in Capital | 3.8 b | 3.9 b | 4 b | 4.2 b | ||||

## Retained Earnings | 10.1 b | 13.2 b | 16.2 b | 19.4 b | ||||

## Total Equity | 7.5 b | 6.8 b | 6 b | 5.7 b | ||||

## Debt to Equity Ratio | 0.2 x | 0.5 x | 0.9 x | |||||

## Debt to Assets Ratio | 0.1 x | 0.2 x | 0.3 x | |||||

## Financial Leverage | 1.9 x | 2.2 x | 2.7 x | 3.3 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 2.9 b | 4.5 b | 4.2 b | 3.4 b | 3.9 b | 4.9 b | 5.2 b | 5.2 b | 6 b |

## Accounts Receivable | 1.1 b | 1.1 b | 1.1 b | 1.1 b | 1.1 b | 1.2 b | 1.2 b | 1.3 b | 1.6 b |

## Current Assets | 10.6 b | 11 b | 10.3 b | 10.2 b | 9.6 b | 10.6 b | 11 b | 11.8 b | 12.9 b |

## Goodwill | 1.5 b | 1.5 b | 1.5 b | 1.9 b | 1.9 b | 1.9 b | 1.8 b | 1.8 b | 1.8 b |

## Total Assets | 14.4 b | 14.7 b | 14.6 b | 15.3 b | 14.6 b | 15.9 b | 16.3 b | 17.3 b | 18.6 b |

## Accounts Payable | 420 m | 319 m | 406 m | 481 m | 381 m | 409 m | 452 m | 437 m | 680 m |

## Current Liabilities | 5.8 b | 5.8 b | 5.9 b | 6.5 b | 5.9 b | 6.4 b | 6.5 b | 7.1 b | 7.1 b |

## Additional Paid-in Capital | 3.8 b | 3.8 b | 3.9 b | 3.9 b | 4 b | 4 b | 4.1 b | 4.1 b | 4.2 b |

## Retained Earnings | 11.7 b | 12.6 b | 14 b | 14.7 b | 15.5 b | 17 b | 17.7 b | 18.7 b | 20.3 b |

## Total Equity | 6.3 b | 6.5 b | 6.3 b | 6.4 b | 6.3 b | 5.5 b | 5.8 b | 6.2 b | 5.6 b |

## Financial Leverage | 2.3 x | 2.2 x | 2.3 x | 2.4 x | 2.3 x | 2.9 x | 2.8 x | 2.8 x | 3.3 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 3.1 b | 3.6 b | 3.8 b | 4.1 b |

## Depreciation and Amortization | 373 m | |||

## Accounts Receivable | (42 m) | (164 m) | (35 m) | (338 m) |

## Accounts Payable | (20 m) | 61 m | 49 m | 145 m |

## Cash From Operating Activities | 4.1 b | 3.4 b | 4 b | 4.5 b |

## Purchases of PP&E | (155 m) | (175 m) | (177 m) | (215 m) |

## Cash From Investing Activities | (4 m) | 690 m | (715 m) | (1.2 b) |

## Dividends Paid | (255 m) | (515 m) | (727 m) | (837 m) |

## Cash From Financing Activities | (2.6 b) | (2.3 b) | (2.5 b) | (2.3 b) |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 1.8 b | 2.8 b | 1 b | 1.9 b | 2.9 b | 959 m | 1.9 b | 3.1 b | 1.1 b |

## Depreciation and Amortization | 154 m | 237 m | 87 m | 179 m | 273 m | 95 m | 188 m | 281 m | 92 m |

## Accounts Receivable | (121 m) | (96 m) | (30 m) | (51 m) | (27 m) | (87 m) | (100 m) | (190 m) | (120 m) |

## Accounts Payable | 29 m | (39 m) | 1 m | 37 m | (31 m) | (75 m) | (18 m) | (33 m) | 57 m |

## Cash From Operating Activities | 1.3 b | 2.7 b | 911 m | 1.7 b | 3 b | 1 b | 2.1 b | 3.5 b | 745 m |

## Purchases of PP&E | (39 m) | (97 m) | (31 m) | (56 m) | (125 m) | (37 m) | (101 m) | (156 m) | (64 m) |

## Cash From Investing Activities | (432 m) | 448 m | (519 m) | (1.2 b) | (853 m) | (385 m) | (495 m) | (1.1 b) | (246 m) |

## Dividends Paid | (260 m) | (388 m) | (184 m) | (367 m) | (548 m) | (212 m) | (421 m) | (630 m) | (238 m) |

## Cash From Financing Activities | (1.6 b) | (2.1 b) | (1.1 b) | (2.1 b) | (3.2 b) | (1.5 b) | (2.2 b) | (3 b) | (1.2 b) |

Y, 2017 | |
---|---|

## Financial Leverage | 3.3 x |

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