Name: Visa Inc. (NYSE:V) | 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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Visa Inc., consolidated balance sheet: assets

US$ in millions

	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019	Sep 30, 2018	Sep 30, 2017
Cash and cash equivalents	15,689)	16,487)	16,289)	7,838)	8,162)	9,874)
Restricted cash equivalents, U.S. litigation escrow	1,449)	894)	901)	1,205)	1,491)	1,031)
Investment securities	2,833)	2,025)	3,752)	4,236)	3,547)	3,564)
Settlement receivable	1,932)	1,758)	1,264)	3,048)	1,582)	1,422)
Accounts receivable	2,020)	1,968)	1,618)	1,542)	1,208)	1,132)
Customer collateral	2,342)	2,260)	1,850)	1,648)	1,324)	1,106)
Current portion of client incentives	1,272)	1,359)	1,214)	741)	340)	344)
Prepaid expenses and other current assets	2,668)	856)	757)	712)	562)	550)
Current assets	30,205)	27,607)	27,645)	20,970)	18,216)	19,023)
Investment securities	2,136)	1,705)	231)	2,157)	4,082)	1,926)
Client incentives	3,348)	3,245)	3,175)	2,084)	538)	591)
Property, equipment and technology, net	3,223)	2,715)	2,737)	2,695)	2,472)	2,253)
Goodwill	17,787)	15,958)	15,910)	15,656)	15,194)	15,110)
Intangible assets, net	25,065)	27,664)	27,808)	26,780)	27,558)	27,848)
Other assets	3,737)	4,002)	3,413)	2,232)	1,165)	1,226)
Non-current asset	55,296)	55,289)	53,274)	51,604)	51,009)	48,954)
Total assets	85,501)	82,896)	80,919)	72,574)	69,225)	67,977)

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).

Total assets exhibited a consistent upward trajectory over the six-year period, growing from 67,977 million US dollars in 2017 to 85,501 million US dollars by 2022. This expansion is characterized by a simultaneous increase in both current and non-current asset bases, reflecting a broadening of the company's overall financial scale.

Liquidity and Current Asset Trends: Current assets increased from 19,023 million US dollars in 2017 to 30,205 million US dollars in 2022. A significant inflection point occurred in 2020, where cash and cash equivalents more than doubled from 7,838 million US dollars in 2019 to 16,289 million US dollars. This liquidity position remained elevated through 2022. Additionally, accounts receivable and customer collateral showed steady year-over-year growth, suggesting an increase in transactional volume and related credit exposure.
Intangible and Long-Term Asset Composition: Non-current assets grew from 48,954 million US dollars in 2017 to 55,296 million US dollars in 2022. The asset structure is heavily weighted toward intangible assets and goodwill. While intangible assets, net, remained relatively stable before declining to 25,065 million US dollars in 2022, goodwill saw a notable increase to 17,787 million US dollars in the final year of the period. Property, equipment, and technology, net, also trended upward, reaching 3,223 million US dollars in 2022, indicating continued investment in physical and technological infrastructure.
Client Incentives and Operational Obligations: A marked increase is observed in client incentives across both current and non-current categories. Combined client incentives rose from 935 million US dollars in 2017 to 4,620 million US dollars in 2022. The non-current portion experienced the most aggressive growth, expanding from 591 million US dollars to 3,348 million US dollars, which points to a strategic increase in long-term investment to secure or expand client relationships.
Risk and Contingency Assets: Restricted cash equivalents related to U.S. litigation escrow showed volatility, fluctuating between a low of 894 million US dollars in 2021 and a high of 1,491 million US dollars in 2018. The balance rose again to 1,449 million US dollars by 2022, reflecting the ongoing nature of legal contingencies and the associated requirement to maintain restricted funds.

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