Name: Mastercard Inc. (NYSE:MA) | Common-Size Assets
Creator: Stock Analysis on Net

Common-Size Balance Sheet: Assets

Mastercard Inc., common-size consolidated balance sheet: assets

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Cash and cash equivalents	18.10%	19.70%	30.11%	23.90%	26.88%
Restricted cash for litigation settlement	1.52%	1.56%	1.74%	2.00%	2.22%
Investments	1.03%	1.26%	1.44%	2.35%	6.82%
Accounts receivable	8.84%	7.98%	7.88%	8.60%	9.16%
Settlement assets	3.28%	3.50%	5.08%	10.24%	9.86%
Restricted security deposits held for customers	4.05%	4.97%	5.05%	4.69%	4.34%
Customer and merchant incentives	3.59%	3.52%	3.23%	2.98%	3.13%
Prepaid income taxes	0.09%	0.24%	0.23%	0.36%	0.21%
Other	2.38%	2.26%	2.14%	2.69%	2.43%
Prepaid expenses and other current assets	6.06%	6.03%	5.61%	6.03%	5.76%
Current assets	42.88%	44.99%	56.91%	57.81%	65.05%
Property and equipment, net	3.43%	3.28%	3.44%	3.82%	3.70%
Operating lease right-of-use assets, net	1.75%	1.78%	2.23%	2.43%	0.00%
Property, equipment and right-of-use assets, net	5.18%	5.06%	5.66%	6.25%	3.70%
Deferred income taxes	2.97%	1.29%	1.46%	1.86%	2.29%
Goodwill	19.42%	20.34%	14.77%	13.75%	11.68%
Other intangible assets, net	9.97%	9.75%	5.22%	4.85%	3.99%
Customer and merchant incentives	11.82%	10.08%	9.59%	9.71%	9.89%
Equity investments	4.47%	4.87%	3.49%	3.13%	1.36%
Income taxes receivable	1.63%	1.71%	1.65%	1.57%	1.20%
Other	1.65%	1.90%	1.25%	1.07%	0.84%
Other assets	19.57%	18.57%	15.97%	15.48%	13.29%
Noncurrent assets	57.12%	55.01%	43.09%	42.19%	34.95%
Total assets	100.00%	100.00%	100.00%	100.00%	100.00%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

The asset composition exhibits a significant structural shift over the analyzed five-year period, characterized by a transition from a liquidity-heavy profile to one dominated by noncurrent assets. Total current assets declined from 65.05% of total assets in 2018 to 42.88% in 2022, while noncurrent assets increased from 34.95% to 57.12% over the same duration.

Liquidity and Current Asset Trends: Cash and cash equivalents showed volatility, peaking at 30.11% in 2020 before declining to 18.10% by 2022. A consistent downward trend is observed in investments, which dropped from 6.82% in 2018 to 1.03% in 2022. Settlement assets also experienced a sharp reduction, falling from 9.86% in 2018 to 3.28% in 2022, contributing to the overall contraction of the current asset base.
Intangible Assets and Strategic Growth: There is a pronounced increase in the weight of intangible assets, suggesting an emphasis on acquisitions or strategic intellectual property investments. Goodwill expanded from 11.68% in 2018 to a peak of 20.34% in 2021, ending at 19.42% in 2022. Other intangible assets exhibited the most aggressive growth, increasing from 3.99% in 2018 to 9.97% in 2022.
Long-term Asset Allocation: Noncurrent assets grew steadily, driven not only by intangibles but also by equity investments, which rose from 1.36% in 2018 to 4.47% in 2022. Noncurrent customer and merchant incentives also saw a gradual increase, moving from 9.89% to 11.82% over the period. Property and equipment remained relatively stable, fluctuating minimally between 3.28% and 3.82%.
Operational Asset Stability: Accounts receivable remained remarkably stable throughout the period, fluctuating within a narrow range between 7.88% and 9.16%. Restricted security deposits held for customers also maintained a consistent presence, ranging from 4.05% to 5.05%, indicating a steady level of operational obligations relative to the total asset base.

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