Stock Analysis on Net
AI Tokens
Stock Analysis on Net

Mastercard Inc. (NYSE:MA)

This company has been moved to the archive! The financial data has not been updated since April 27, 2023.

Common-Size Balance Sheet: Assets
Quarterly Data

Mastercard Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Cash and cash equivalents 16.86 18.10 20.29 16.34 18.51 19.70 18.09 17.81 20.82 30.11 32.36 34.67 33.30 23.90 19.63 23.01 24.90 26.88 29.44 27.64 30.03
Restricted cash for litigation settlement 1.53 1.52 1.56 1.61 1.57 1.56 1.65 1.68 1.68 1.74 1.85 1.83 1.92 2.00 2.56 2.68 2.81 2.22 2.36 2.44 2.39
Investments 1.03 1.03 1.10 1.21 1.21 1.26 1.44 1.56 1.41 1.44 1.27 1.21 1.56 2.35 2.89 3.27 5.60 6.82 6.95 6.83 6.01
Accounts receivable 9.02 8.84 8.42 8.76 7.77 7.98 7.96 7.94 7.61 7.88 7.46 6.68 7.96 8.60 9.62 10.54 10.96 9.16 9.76 9.63 9.25
Settlement assets 3.17 3.28 2.71 2.93 2.96 3.50 2.43 2.68 4.82 5.08 4.35 5.55 3.80 10.24 10.48 6.26 6.06 9.86 5.72 6.82 6.67
Restricted security deposits held for customers 4.13 4.05 4.07 4.47 4.66 4.97 5.17 5.17 5.05 5.05 4.96 4.82 4.95 4.69 4.51 4.29 4.44 4.34 4.43 4.41 4.21
Prepaid expenses and other current assets 6.42 6.06 6.58 6.65 6.24 6.03 6.68 6.35 5.74 5.61 6.20 5.57 5.64 6.03 7.44 7.22 6.43 5.76 5.89 5.89 5.55
Current assets 42.17% 42.88% 44.73% 41.98% 42.93% 44.99% 43.44% 43.19% 47.14% 56.91% 58.46% 60.33% 59.13% 57.81% 57.15% 57.28% 61.21% 65.05% 64.54% 63.66% 64.10%
Property, equipment and right-of-use assets, net of accumulated depreciation and amortization 5.15 5.18 5.19 5.38 5.27 5.06 5.25 5.27 5.32 5.66 5.97 5.83 6.20 6.25 5.74 5.45 5.55 3.70 3.75 3.83 3.66
Deferred income taxes 3.25 2.97 2.84 2.54 2.14 1.29 1.33 1.30 1.32 1.46 1.92 1.78 1.79 1.86 1.99 1.93 2.14 2.29 2.15 1.76 1.53
Goodwill 19.46 19.42 19.08 20.75 20.52 20.34 21.38 21.94 20.26 14.77 13.16 12.70 13.28 13.75 14.33 14.25 12.52 11.68 12.64 13.23 13.53
Other intangible assets, net of accumulated amortization 10.34 9.97 9.52 10.15 9.89 9.75 10.06 10.35 9.54 5.22 4.77 4.61 4.72 4.85 5.04 4.98 4.36 3.99 4.38 4.64 4.87
Other assets 19.62 19.57 18.64 19.20 19.26 18.57 18.55 17.95 16.42 15.97 15.72 14.75 14.87 15.48 15.74 16.11 14.23 13.29 12.53 12.88 12.32
Noncurrent assets 57.83% 57.12% 55.27% 58.02% 57.07% 55.01% 56.56% 56.81% 52.86% 43.09% 41.54% 39.67% 40.87% 42.19% 42.85% 42.72% 38.79% 34.95% 35.46% 36.34% 35.90%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

The balance sheet structure exhibits a significant strategic shift over the analyzed period, characterized by a transition from a current-asset-heavy composition to one dominated by non-current assets. Current assets decreased from approximately 64% of total assets in early 2018 to 42% by March 2023, while non-current assets rose from approximately 36% to nearly 58% over the same timeframe.

Liquidity and Short-Term Asset Trends
Cash and cash equivalents displayed notable volatility, peaking between 30% and 35% during 2020, which suggests a strategic accumulation of liquidity during that period. However, a subsequent decline occurred, with levels stabilizing between 16% and 20% from 2021 through early 2023. Investments saw a consistent and sharp contraction, falling from a range of 6% to 7% in 2018 to approximately 1% by 2023.
Settlement assets experienced a downward trend, peaking at 10.48% in September 2019 before descending to approximately 3% by March 2023. Accounts receivable remained relatively stable throughout the period, generally fluctuating between 7% and 11% of total assets.
Intangible Assets and Strategic Growth
A substantial increase in non-current assets is primarily driven by goodwill and intangible assets. Goodwill remained steady around 12% to 14% until March 2021, at which point it jumped to over 20%, remaining at that elevated level through March 2023. Similarly, other intangible assets shifted from a baseline of 4% to 5% to approximately 10% starting in early 2021. This pattern indicates significant capital allocation toward acquisitions or strategic intellectual property during the 2021 fiscal year.
Long-Term Operational Assets
Other non-current assets showed a steady upward trajectory, increasing from 12.32% in March 2018 to 19.62% by March 2023. Property, equipment, and right-of-use assets also saw a moderate increase, moving from roughly 3.7% to 5.2%. Deferred income taxes remained a small portion of the asset base but showed a gradual increase toward the end of the period, reaching 3.25% by March 2023.

AI Ask an analyst for more

My previous chats

Add tokens

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.

How can I help you?