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Visa Inc. (NYSE:V)

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

Visa 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 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016
Cash and cash equivalents 15.96 15.62 18.35 16.45 15.03 17.97 19.89 21.81 20.57 18.69 20.13 17.84 13.38 11.72 10.80 11.26 10.95 11.57 11.79 12.48 11.79 12.12 14.53 11.62 10.16 9.19
Restricted cash equivalents, U.S. litigation escrow 1.86 2.00 1.69 1.74 1.08 1.40 1.08 1.08 1.11 1.11 1.11 1.47 1.74 2.19 1.66 1.28 1.29 2.09 2.15 2.18 1.28 1.31 1.52 1.61 1.63 1.62
Investment securities 3.17 3.26 3.31 3.87 1.50 1.47 2.44 1.46 2.57 3.74 4.64 3.52 3.31 5.22 5.84 4.65 5.55 4.83 5.12 4.98 5.18 5.08 5.24 4.30 2.36 5.83
Settlement receivable 2.24 2.49 2.26 2.18 1.99 2.18 2.12 2.01 1.79 1.98 1.56 2.71 1.97 4.38 4.20 2.40 2.25 4.36 2.29 2.37 3.62 2.41 2.09 2.22 5.30 2.10
Accounts receivable 2.45 2.47 2.36 2.37 2.61 2.65 2.37 2.24 2.23 2.17 2.00 1.87 2.08 2.22 2.12 2.18 2.01 1.96 1.75 1.79 1.82 1.91 1.67 1.73 1.71 1.77
Customer collateral 3.16 3.03 2.74 2.65 2.82 2.79 2.73 2.69 2.56 2.48 2.29 2.26 2.33 2.27 2.27 2.37 2.48 1.86 1.91 1.97 1.81 1.72 1.63 1.68 1.65 1.59
Current portion of client incentives 1.70 1.64 1.49 1.55 1.60 1.63 1.64 1.60 1.65 1.59 1.50 1.48 1.31 1.07 1.02 0.98 0.84 0.76 0.49 0.55 0.48 0.44 0.51 0.48 0.46 0.42
Prepaid expenses and other current assets 2.50 2.11 3.12 3.12 2.81 1.55 1.03 1.03 1.06 0.91 0.94 0.97 1.22 0.78 0.98 0.92 1.09 0.64 0.81 0.80 0.86 0.75 0.81 0.92 1.25 0.66
Current assets 33.03% 32.63% 35.33% 33.92% 29.45% 31.62% 33.30% 33.92% 33.54% 32.68% 34.16% 32.11% 27.34% 29.85% 28.89% 26.06% 26.47% 28.06% 26.31% 27.12% 26.85% 25.74% 27.98% 24.56% 24.52% 23.18%
Investment securities 3.27 3.20 2.50 2.62 2.81 2.55 2.06 1.34 0.14 0.20 0.29 0.70 1.46 2.30 2.97 4.15 5.02 5.77 5.90 4.16 3.77 3.98 2.83 3.31 4.56 6.00
Client incentives 4.31 4.28 3.92 3.89 3.98 4.02 3.91 3.89 4.06 3.97 3.92 4.07 4.27 3.32 2.87 2.64 2.38 1.76 0.78 0.80 0.82 0.83 0.87 0.86 0.77 0.76
Property, equipment and technology, net 3.87 3.79 3.77 3.68 3.81 3.55 3.28 3.27 3.35 3.37 3.38 3.53 3.81 3.66 3.71 3.63 3.52 3.40 3.57 3.50 3.43 3.33 3.31 3.44 3.37 3.47
Goodwill 20.84 21.11 20.80 21.05 22.18 20.21 19.25 19.38 19.93 20.04 19.66 20.28 21.64 21.08 21.57 21.80 21.60 21.14 21.95 22.30 22.26 22.58 22.23 23.45 23.45 23.50
Intangible assets, net 30.63 30.81 29.32 30.55 33.01 33.29 33.37 33.90 34.69 35.55 34.37 34.91 37.09 36.29 36.90 38.82 38.60 38.10 39.81 40.53 41.33 41.86 40.97 42.69 41.78 41.63
Other assets 4.05 4.18 4.37 4.29 4.76 4.77 4.83 4.29 4.30 4.19 4.22 4.41 4.39 3.50 3.08 2.90 2.43 1.77 1.68 1.59 1.54 1.68 1.80 1.69 1.55 1.45
Non-current asset 66.97% 67.37% 64.67% 66.08% 70.55% 68.38% 66.70% 66.08% 66.46% 67.32% 65.84% 67.89% 72.66% 70.15% 71.11% 73.94% 73.53% 71.94% 73.69% 72.88% 73.15% 74.26% 72.02% 75.44% 75.48% 76.82%
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% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-K (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-K (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-K (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-K (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-K (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-K (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31).

The asset composition reveals a structural transition from a heavy concentration in non-current intangible assets toward a more liquid profile with increased operational allocations. Total current assets expanded from 23.18% of total assets in December 2016 to 33.03% by March 2023, indicating a shift in the balance sheet's weighting toward shorter-term liquidity.

Liquidity and Cash Management
Cash and cash equivalents exhibited a significant upward trend, rising from 9.19% in late 2016 to a peak of 21.81% in June 2021. While this figure moderated to 15.96% by March 2023, the long-term trend shows a substantial increase in the proportion of highly liquid assets. Investment securities showed higher volatility, declining from 6.00% to a trough of 0.14% in March 2021 before recovering to 3.17% by the end of the period.
Intangible Assets and Goodwill
A consistent downward trend is observed in intangible assets, net, which decreased from 41.63% in December 2016 to 30.63% in March 2023. This represents the most significant change in the overall asset structure. Goodwill remained relatively stable but trended slightly lower, moving from 23.50% to 20.84% over the analyzed timeframe.
Operational Asset Trends
Client incentives, both current and non-current, showed a marked increase. Non-current client incentives grew from 0.76% to 4.31%, while the current portion rose from 0.42% to 1.70%, suggesting an increased strategic commitment to client acquisition or retention. Additionally, customer collateral saw a steady increase from 1.59% to 3.16%.
Total Asset Distribution
The proportion of non-current assets decreased from 76.82% in December 2016 to 66.97% in March 2023. This reduction is primarily attributable to the decline in the relative weight of intangible assets, offset slightly by increases in other non-current categories and the growth in current assets.

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