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
Quarterly Data

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

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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
Accounts payable
Settlement obligations
Restricted security deposits held for customers
Accrued litigation
Accrued expenses
Short-term debt
Other current liabilities
Current liabilities
Long-term debt
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-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).

Current Liabilities

Current liabilities as a percentage of total liabilities, redeemable non-controlling interests, and equity fluctuated over the observed periods but generally demonstrate a decline from above 40% in the 2018 and early 2019 quarters to around 30% in 2020. Subsequently, there is a gradual increase through 2021 and 2022, peaking close to 36% by late 2022, then slightly decreasing in the first quarter of 2023.

Within current liabilities, accrued expenses represent a significant portion, although they showed a decrease from approximately 19–20% in 2018 and early 2019 to around 14–16% through mid-2020, then demonstrate a consistent rise, reaching over 20% by late 2022 before slightly retreating.

Settlement obligations exhibit considerable volatility, peaking notably in late 2018 and late 2019 near 9%, but dropping sharply thereafter, stabilizing around 2–3% in the recent quarters.

Accounts payable remain relatively stable, fluctuating between roughly 1% and 2.5%, with a minor uptick in late 2022.

Noncurrent Liabilities

Noncurrent liabilities show an increasing trend overall, moving from about 31% in late 2018 to over 50% by early 2023. This growth is primarily attributable to the rise in long-term debt, which increased markedly around 2020 from about 25–29% range to over 35%, nearing 40% again by early 2023.

Other liabilities, a component of noncurrent liabilities, demonstrate a steady increase from about 7.2% in early 2018 to more than 10% by early 2023, indicating growing obligations in this category.

Deferred income taxes remain relatively flat and minimal, hovering near or just above 1% in recent periods following a prior range below 0.5%.

Equity

Total equity as a percentage of total liabilities, redeemable non-controlling interests, and equity shows a downward trajectory from about 25% in early 2018 to near 14% by the first quarter of 2023, indicating a relative decrease in equity financing.

This decline coincides with substantial negative values in Class A treasury stock, which deepen steadily from approximately -96% in early 2018 to around -139% by early 2023, reflecting increases in treasury stock holdings or buybacks.

Retained earnings consistently increase, rising from about 104% to 142% over the observed period, indicating accumulated profits are growing despite decreasing total equity percentages.

Additional paid-in capital declines moderately from 19% to roughly 14%, contributing to the overall equity reduction.

Accumulated other comprehensive loss generally remains a small negative but shows some volatility, widening from approximately -1.6% to around -4.3% at times before narrowing slightly again.

Overall Capital Structure

The total liabilities to total liabilities, redeemable non-controlling interests, and equity increased from roughly 75% up to more than 86%, reflecting a shift toward greater use of liabilities relative to equity.

The relative stability of redeemable non-controlling interests and non-controlling interests percentages suggests minimal changes in external minority ownership interests.

Additional Observations

Short-term debt appears sporadically reported, mostly around 2% or below, with a sharp decline to below 1% during 2022 and 2023.

Other current liabilities remain consistently between approximately 3.5% to 6.8%, with minor fluctuations but no clear trend.