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.

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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

US$ in millions

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
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).

Accounts payable
Accounts payable exhibited fluctuations over the periods, beginning at 370 million USD in March 2018, rising to a peak of 738 million USD in December 2021 before declining somewhat to 735 million USD by March 2023. There is a notable increase in the last three quarters, reaching the highest values in the reported timeframe.
Settlement obligations
Settlement obligations showed significant volatility, initially ranging between approximately 1,150 million to 2,700 million USD. They surged notably in December 2018 at 2,189 million USD and peaked at 2,714 million USD in December 2019, followed by declines and later fluctuations, ending lower at 870 million USD in March 2023.
Restricted security deposits held for customers
This item showed a steady upward trend from 965 million USD in March 2018 to a peak of 1,873 million USD in December 2021, followed by a gradual decline through 2022 and early 2023, settling at 1,608 million USD in March 2023.
Accrued litigation
Accrued litigation amounts were variable, with a significant increase in December 2018 reaching 1,591 million USD. After this peak, the values fluctuated within the 790 to 1,100 million USD range, showing a slight upward trajectory in the last quarters, ending at 1,107 million USD in March 2023.
Accrued expenses
Accrued expenses displayed an overall increasing trend from 4,501 million USD in March 2018 to 7,801 million USD in December 2022, with some short-term fluctuations. The item showed a minor decrease to 7,310 million USD in the latest quarter but generally reflected growth consistent with expanding operations or obligations.
Short-term debt
Short-term debt data were sporadic, starting to be reported in September 2018 at 500 million USD, maintaining stability around this value until a sharp increase occurred in December 2021 at 792 million USD and later periods with the highest point of 957 million USD in December 2022. A sharp decrease followed in March 2023 to 276 million USD.
Other current liabilities
Other current liabilities exhibited moderate growth, beginning at 1,004 million USD in March 2018 and increasing to 1,745 million USD by March 2023. Periodic fluctuations were observed but a general upward trajectory is clear.
Current liabilities
Current liabilities increased from 8,948 million USD in March 2018 to a peak of 14,171 million USD in December 2022. There was a slight dip to 13,651 million USD in March 2023 after consistent growth, indicating an overall rise in short-term obligations.
Long-term debt
Long-term debt remained relatively stable around 5,800 million USD through 2018 and early 2019, before a substantial rise began in 2020 reaching 13,221 million USD by March 2021 and continuing to rise steadily to 15,292 million USD by March 2023. This reflects an increased reliance on long-term borrowing or bond issuance.
Deferred income taxes
Deferred income taxes remained mostly steady between 50 and 100 million USD until a sharp increase to around 390 million USD starting in March 2021, maintaining this elevated level subsequently with minor fluctuations.
Other liabilities
Other liabilities generally increased over time from 1,661 million USD in March 2018 to 4,197 million USD in March 2023, reflecting a consistent upward trend with no significant dips.
Noncurrent liabilities
Noncurrent liabilities showed substantial growth, rising from 8,194 million USD in March 2018 to 19,878 million USD by March 2023, consistent with increases in long-term debt and other noncurrent items. This category experienced the largest absolute increase among liabilities.
Total liabilities
Total liabilities demonstrated steady growth from 17,142 million USD in March 2018 to 33,529 million USD in March 2023. The growth was largely driven by increases in both current liabilities and noncurrent liabilities, reflecting higher overall debt and obligations.
Redeemable non-controlling interests
Redeemable non-controlling interests remained relatively stable at around 70 million USD with minor declines, reaching 21 million USD in March 2023, indicating a marginal reduction in the redeemable non-controlling stake.
Additional paid-in capital
Additional paid-in capital steadily increased from 4,367 million USD in March 2018 to 5,376 million USD in March 2023, indicating continuous equity infusion or retained equity-related increases.
Class A treasury stock, at cost
Class A treasury stock showed a persistent increase in negative value, moving from -22,143 million USD in March 2018 to a more negative balance of -54,241 million USD by March 2023. This reflects ongoing stock repurchases or treasury stock accumulation over time.
Retained earnings
Retained earnings exhibited a continuous upward trend, rising from 23,852 million USD in March 2018 to 55,424 million USD in March 2023. This steady growth indicates sustained profitability and reinvestment over the periods.
Accumulated other comprehensive loss
Accumulated other comprehensive loss fluctuated but generally increased in magnitude (more negative) from -373 million USD in March 2018 to -1,229 million USD in March 2023, indicating unfavorable changes in items such as foreign currency translation or unrealized losses on investments.
Total Mastercard Incorporated stockholders’ equity
Stockholders’ equity fluctuated within the range of approximately 5,000 to 7,300 million USD over the period, peaking in December 2021 at 7,312 million USD before declining to 5,330 million USD by March 2023. The decline in the final year is notable, despite prior growth.
Non-controlling interests
Non-controlling interests remained low and relatively stable, fluctuating between 21 and 98 million USD without a clear trend, ending at 56 million USD in March 2023.
Total equity
Total equity followed the stockholders’ equity pattern, increasing until late 2021 and then decreasing somewhat through 2022 and early 2023, finishing at 5,386 million USD in March 2023.
Total liabilities, redeemable non-controlling interests and equity
This total grew consistently from 22,944 million USD in March 2018 to nearly 38,936 million USD in March 2023, reflecting overall expansion in the company’s balance sheet, driven by both liabilities and equity components.