Name: Mastercard Inc. (NYSE:MA) | Balance Sheet: Assets
Creator: Stock Analysis on Net

Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Assets: Selected Items

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Current Assets: Selected Items

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Mastercard Inc., consolidated balance sheet: assets

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Cash and cash equivalents	7,008)	7,421)	10,113)	6,988)	6,682)
Restricted cash for litigation settlement	589)	586)	586)	584)	553)
Investments	400)	473)	483)	688)	1,696)
Accounts receivable	3,425)	3,006)	2,646)	2,514)	2,276)
Settlement assets	1,270)	1,319)	1,706)	2,995)	2,452)
Restricted security deposits held for customers	1,568)	1,873)	1,696)	1,370)	1,080)
Customer and merchant incentives	1,392)	1,326)	1,086)	872)	778)
Prepaid income taxes	34)	92)	78)	105)	51)
Other	920)	853)	719)	786)	603)
Prepaid expenses and other current assets	2,346)	2,271)	1,883)	1,763)	1,432)
Current assets	16,606)	16,949)	19,113)	16,902)	16,171)
Property and equipment, net	1,327)	1,236)	1,154)	1,117)	921)
Operating lease right-of-use assets, net	679)	671)	748)	711)	—)
Property, equipment and right-of-use assets, net	2,006)	1,907)	1,902)	1,828)	921)
Deferred income taxes	1,151)	486)	491)	543)	570)
Goodwill	7,522)	7,662)	4,960)	4,021)	2,904)
Other intangible assets, net	3,859)	3,671)	1,753)	1,417)	991)
Customer and merchant incentives	4,578)	3,798)	3,220)	2,838)	2,458)
Equity investments	1,730)	1,834)	1,172)	914)	337)
Income taxes receivable	633)	645)	553)	460)	298)
Other	639)	717)	420)	313)	210)
Other assets	7,580)	6,994)	5,365)	4,525)	3,303)
Noncurrent assets	22,118)	20,720)	14,471)	12,334)	8,689)
Total assets	38,724)	37,669)	33,584)	29,236)	24,860)

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).

Total assets exhibited a consistent upward trajectory from 2018 to 2022, growing from US$ 24,860 million to US$ 38,724 million. This expansion is characterized by a significant shift in the asset composition, where growth in noncurrent assets substantially outpaced the growth of current assets over the five-year period.

Liquidity and Current Asset Trends: Current assets peaked in 2020 at US$ 19,113 million before stabilizing at US$ 16,606 million by 2022. A notable volatility in cash and cash equivalents is observed, with a peak of US$ 10,113 million in 2020 followed by a reduction to US$ 7,008 million in 2022. Conversely, accounts receivable demonstrated steady annual growth, increasing from US$ 2,276 million in 2018 to US$ 3,425 million in 2022, indicating an increase in credit extended or a shift in billing cycles.
Intangible Asset and Acquisition Growth: A substantial increase in noncurrent assets is evident, rising from US$ 8,689 million in 2018 to US$ 22,118 million in 2022. This trend is primarily driven by goodwill and other intangible assets. Goodwill grew from US$ 2,904 million to US$ 7,522 million, and other intangible assets increased from US$ 991 million to US$ 3,859 million. The scale of these increases suggests an aggressive period of acquisitions and strategic investments in intellectual property between 2018 and 2021.
Operational Incentives and Customer Assets: Customer and merchant incentives, both current and noncurrent, showed a consistent upward trend. Current incentives rose from US$ 778 million in 2018 to US$ 1,392 million in 2022, while noncurrent incentives grew from US$ 2,458 million to US$ 4,578 million over the same period. This suggests an increasing financial commitment to network expansion and the acquisition of new participants in the payment ecosystem.
Other Noncurrent Asset Observations: Deferred income taxes showed a marked spike in 2022, reaching US$ 1,151 million compared to US$ 486 million in 2021. Equity investments also saw growth from US$ 337 million in 2018 to US$ 1,730 million in 2022, although a slight decline occurred between 2021 and 2022.

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