| Years Ended December 31 (in millions except per-share and operating data) | 2006 | 2005 | 2004 |
|---|---|---|---|
| Statement of Operations Data | |||
| Revenue | $ 3,326 | $ 2,938 | $ 2,593 |
| General and Administrative | 1,505 | 1,352 | 1,186 |
| Advertising and Marketing | 1,052 | 1,008 | 916 |
| Litigation Settlements | 25 | 75 | 22 |
| Charitable Contributions to The MasterCard Foundation | 415 | — | — |
| Depreciation and Amortization | 100 | 110 | 122 |
| Total Operating Expenses | 3,097 | 2,545 | 2,246 |
| Operating Income | 229 | 393 | 347 |
| Total Other Income (loss) | 65 | 14 | (23) |
| Income before Income Tax Expense | 294 | 407 | 324 |
| Net Income | $ 50 | $ 267 | $ 238 |
| Net Income per Share (basic)1 | $ 0.37 | $ 1.98 | $ 1.76 |
| Weighted Average Shares Outstanding (basic)1 | 135 | 135 | 135 |
| Net Income per Share (diluted)1 | $ 0.37 | $ 1.98 | $ 1.76 |
| Weighted Average Shares Outstanding (diluted)1 | 136 | 135 | 135 |
| Balance Sheet Data (at period end) | |||
| Cash and Cash Equivalents | $ 1,185 | $ 545 | $ 329 |
| Investment Securities — Current | 1,299 | 737 | 809 |
| Total Assets | 5,082 | 3,701 | 3,265 |
| Long-Term Debt | 230 | 230 | 230 |
| Obligations under U.S. Merchant Lawsuit and Other Litigation Settlements — Current | 360 | 416 | 469 |
| Total Stockholders' Equity | 2,364 | 1,169 | 975 |
| Operating Data | |||
| Gross Dollar Volume (in billions) | $ 1,956 | $ 1,690 | $ 1,478 |
| Processed Transactions (in millions)2 | 16,137 | 13,733 | 12,152 |
(1) As more fully described in Note 2 to the Consolidated Financial Statements included in Item 8 in MasterCard Incorporated's 2006 Form 10-K, in connection with the ownership and governance transactions, we reclassified all of our approximately 100 outstanding shares of existing Class A redeemable common stock so that our previous stockholders received 1.35 shares of our Class B common stock for each share of Class A redeemable common stock that they held prior to the reclassification and a single share of our Class M common stock. Accordingly, shares and per-share data were retroactively restated in the financial statements subsequent to the reclassification to reflect the reclassification as if it were effective at the start of the first period being presented in the financial statements.
(2) The data set forth for processed transactions represents all transactions processed by MasterCard, including PIN-based online debit transactions. Prior to 2005, processed transactions reported by MasterCard included certain MasterCard-branded (excluding Maestro and Cirrus) transactions for which we received transaction details from our customers but which were not processed by our systems. In the first quarter of 2006, we updated our transaction detail to remove online balance inquiry transactions, as well as online transactions that were declined for various reasons. Management determined that it would be more appropriate to exclude such transactions from the processed transactions calculation. The processed transactions for the years ended December 31, 2005 and 2004, have been restated to be consistent with the calculation of processed transactions in 2006. Revenue has not been impacted by this change.
