Stock Analysis on Net
Stock Analysis on Net

Mastercard Inc. (NYSE:MA)

$22.49

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

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

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Mastercard Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Accounts payable
Settlement obligations
Restricted security deposits held for customers
Accrued litigation
Customer and merchant incentives
Personnel costs
Income and other taxes
Other
Accrued expenses
Short-term debt
Other current liabilities
Current liabilities
Long-term debt, excluding current portion
Deferred income taxes
Other liabilities
Noncurrent liabilities
Total liabilities
Redeemable non-controlling interests
Class A common stock, $0.0001 par value
Class B common stock, $0.0001 par value
Additional paid-in-capital
Class A treasury stock, at cost
Retained earnings
Accumulated other comprehensive loss
Total Mastercard Incorporated stockholders’ equity
Non-controlling interests
Total equity
Total liabilities, redeemable non-controlling interests and equity

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).

Accounts payable
Accounts payable as a percentage of total liabilities, redeemable non-controlling interests, and equity decreased steadily from 2.16% in 2018 to 1.57% in 2020, before increasing again to 2.39% by 2022, indicating some variability with a recent upward trend.
Settlement obligations
Settlement obligations exhibited a pronounced decline from 8.81% in 2018 to 2.42% in 2021, then a minor recovery to 2.87% in 2022. This suggests a significant reduction in settlement-related liabilities over the period with a slight increase in the most recent year.
Restricted security deposits held for customers
The proportion of restricted security deposits held for customers rose gradually from 4.34% in 2018 to 5.05% in 2020, slightly declining to 4.05% by 2022, indicating moderate stability in this liability component with a minor recent decrease.
Accrued litigation
Accrued litigation decreased sharply from 6.4% in 2018 to 2.23% in 2021, followed by a modest increase to 2.83% in 2022. This pattern reflects a strong initial reduction in litigation-related liabilities and a slight resurgence recently.
Customer and merchant incentives
Customer and merchant incentives remained relatively stable around 13% from 2018 to 2019, dropped to 11.9% in 2020, and then increased consistently to 14.46% in 2022. This shows growth in incentives provision, especially after 2020.
Personnel costs
Personnel costs as a percentage of the total steadily declined from 2.99% in 2018 to 2.16% in 2020, then rose again to 3.41% by 2022, indicating fluctuations with a notable increase in recent years.
Income and other taxes
Income and other taxes increased from 0.64% in 2018 to 1.14% in 2019, decreased to 0.62% in 2020, and remained relatively stable around 0.7-0.9% afterwards, showing variability but overall moderate proportions.
Other (unspecified liabilities)
This category declined from 2.29% in 2018 to 1.48% in 2020 and then stabilized around 1.55% through 2022, indicating a reduction in these miscellaneous liabilities during the observed period.
Accrued expenses
Accrued expenses declined steadily from 19.09% in 2018 to 16.17% in 2020 but increased thereafter to 20.15% in 2022. This suggests an initial reduction followed by increased accruals in the latter period.
Short-term debt
Short-term debt showed inconsistency with missing data in 2019, a decrease to 0.71% in 2022 after hovering around 2% in other years, reflecting an overall downward trend in short-term borrowings toward the end of the period.
Other current liabilities
Other current liabilities remained relatively stable between 3.17% and 3.82% across the years, indicating consistency in this component.
Current liabilities
Current liabilities decreased substantially from 46.63% in 2018 to 34.94% in 2021, rebounding slightly to 36.59% in 2022, demonstrating efforts to reduce short-term obligations with a minor recent increase.
Long-term debt, excluding current portion
Long-term debt increased markedly from 23.47% in 2018 to 35.8% in 2020, remaining elevated around 35% through 2022, showing a shift toward greater reliance on long-term liabilities.
Deferred income taxes
Deferred income taxes were low and steady near 0.26-0.29% in early years but rose significantly to just over 1% in 2021 and 2022, indicating increased deferred tax liabilities in recent years.
Other liabilities
Other liabilities increased from 7.55% in 2018 to 10.42% in 2022, suggesting growth in various non-specified liabilities over the period.
Noncurrent liabilities
Noncurrent liabilities grew significantly from 31.29% in 2018 to 46.94% in 2022, reflecting increased long-term obligations within the company’s capital structure.
Total liabilities
Total liabilities slightly increased from 77.92% in 2018 to 83.53% in 2022, indicating a greater proportion of funding coming from liabilities relative to equity and redeemable non-controlling interests.
Redeemable non-controlling interests
Redeemable non-controlling interests declined steadily from 0.29% to 0.05%, showing a diminishing share of this equity component.
Additional paid-in-capital
Additional paid-in-capital as a percentage of total funding declined consistently from 18.42% in 2018 to 13.68% in 2022, indicating a gradual decrease in capital contributed by shareholders beyond par value.
Class A treasury stock, at cost
Class A treasury stock showed an increasing negative balance, from -103.58% in 2018 to -132.62% in 2022, reflecting a growing repurchase of shares reducing equity proportion accordingly.
Retained earnings
Retained earnings increased markedly from 109.75% in 2018 to 138.43% in 2022, indicating strong accumulated profits contributing positively to equity.
Accumulated other comprehensive loss
Accumulated other comprehensive loss decreased from -2.89% to -3.24% over the period, reflecting increasing unrealized losses affecting equity.
Total Mastercard Incorporated stockholders’ equity
Equity attributable to Mastercard Incorporated stockholders declined from 21.7% in 2018 to 16.26% in 2022, showing a reduced proportion of equity financing relative to total capital.
Non-controlling interests
Non-controlling interests remained very low and variable, between 0.08% and 0.29%, implying minimal influence on overall equity structure.
Total equity
Total equity decreased progressively from 21.79% in 2018 to 16.41% in 2022, showing a clear trend of diminished equity funding alongside rising liabilities.
Total liabilities, redeemable non-controlling interests and equity
The total remains constant at 100% as expected, serving as the base reference for the proportional analysis of individual components.