Stock Analysis on Net

Visa Inc. (NYSE:V)

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

Adjustments to Financial Statements

Microsoft Excel

Adjustments to Total Assets

Visa Inc., adjusted total assets

US$ in millions

Microsoft Excel
Sep 30, 2022 Sep 30, 2021 Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017
As Reported
Total assets 85,501 82,896 80,919 72,574 69,225 67,977
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)1 701 667 561
Less: Net deferred tax assets (reflected in Other assets)2 87 80 63 24 14 81
After Adjustment
Adjusted total assets 85,414 82,816 80,856 73,251 69,878 68,457

Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30).

1 Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

2 Net deferred tax assets (reflected in Other assets). See details »


Adjustments to Total Liabilities

Visa Inc., adjusted total liabilities

US$ in millions

Microsoft Excel
Sep 30, 2022 Sep 30, 2021 Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017
As Reported
Total liabilities 49,920 45,307 44,709 37,890 35,219 35,217
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)1 701 667 561
Less: Deferred tax liabilities2 5,332 6,128 5,237 4,807 4,618 5,980
After Adjustment
Adjusted total liabilities 44,588 39,179 39,472 33,784 31,268 29,798

Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Deferred tax liabilities. See details »


Adjustments to Stockholders’ Equity

Visa Inc., adjusted equity

US$ in millions

Microsoft Excel
Sep 30, 2022 Sep 30, 2021 Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017
As Reported
Equity 35,581 37,589 36,210 34,684 34,006 32,760
Adjustments
Less: Net deferred tax assets (liabilities)1 (5,245) (6,048) (5,174) (4,783) (4,604) (5,899)
After Adjustment
Adjusted equity 40,826 43,637 41,384 39,467 38,610 38,659

Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30).

1 Net deferred tax assets (liabilities). See details »


Adjustments to Capitalization Table

Visa Inc., adjusted capitalization table

US$ in millions

Microsoft Excel
Sep 30, 2022 Sep 30, 2021 Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017
As Reported
Current maturities of debt 2,250 999 2,999 1,749
Long-term debt, excluding current maturities 20,200 19,978 21,071 16,729 16,630 16,618
Total reported debt 22,450 20,977 24,070 16,729 16,630 18,367
Equity 35,581 37,589 36,210 34,684 34,006 32,760
Total reported capital 58,031 58,566 60,280 51,413 50,636 51,127
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)1 701 667 561
Add: Current portion of operating lease liabilities (included in Accrued liabilities)2 98 103 97
Add: Long-term portion of operating lease liabilities (included in Other liabilities)3 422 471 473
Adjusted total debt 22,970 21,551 24,640 17,430 17,297 18,928
Adjustments to Equity
Less: Net deferred tax assets (liabilities)4 (5,245) (6,048) (5,174) (4,783) (4,604) (5,899)
Adjusted equity 40,826 43,637 41,384 39,467 38,610 38,659
After Adjustment
Adjusted total capital 63,796 65,188 66,024 56,897 55,907 57,587

Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Current portion of operating lease liabilities (included in Accrued liabilities). See details »

3 Long-term portion of operating lease liabilities (included in Other liabilities). See details »

4 Net deferred tax assets (liabilities). See details »


Adjustments to Reported Income

Visa Inc., adjusted net income

US$ in millions

Microsoft Excel
12 months ended: Sep 30, 2022 Sep 30, 2021 Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017
As Reported
Net income 14,957 12,311 10,866 12,080 10,301 6,699
Adjustments
Add: Deferred income tax expense (benefit)1 (336) 871 307 214 (1,287) 1,698
Add: Other comprehensive income (loss), net of tax (2,805) 82 1,029 (1,204) (331) 1,336
After Adjustment
Adjusted net income 11,816 13,264 12,202 11,090 8,683 9,733

Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30).

1 Deferred income tax expense (benefit). See details »