| Years Ended December 31 (in millions except per-share and operating data) | 2007 | 2006 | 2005 |
|---|---|---|---|
| Statement of Operations Data | |||
| Revenue | $ 4,068 | $ 3,326 | $ 2,938 |
| General and Administrative | 1,758 | 1,505 | 1,352 |
| Advertising and Marketing | 1,080 | 1,052 | 1,008 |
| Litigation Settlements | 3 | 25 | 75 |
| Charitable Contributions to The MasterCard Foundation | 20 | 415 | — |
| Depreciation and Amortization | 98 | 100 | 110 |
| Total Operating Expenses | 2,959 | 3,097 | 2,545 |
| Operating Income | 1,108 | 229 | 393 |
| Total Other Income (expense) | 563 | 65 | 14 |
| Income before Income Tax Expense | 1,671 | 294 | 407 |
| Net Income | $ 1,086 | $ 50 | $ 267 |
| Net Income per Share (basic)1 | $ 8.05 | $ 0.37 | $ 1.98 |
| Weighted Average Shares Outstanding (basic)1 | 135 | 135 | 135 |
| Net Income per Share (diluted)1 | $ 8.00 | $ 0.37 | $ 1.98 |
| Weighted Average Shares Outstanding (diluted)1 | 136 | 136 | 135 |
| Balance Sheet Data (at period end) | |||
| Cash and Cash Equivalents | $ 1,659 | $ 1,185 | $ 545 |
| Investment Securities — Current | 1,311 | 1,299 | 737 |
| Total Assets | 6,260 | 5,082 | 3,701 |
| Long-Term Debt | 150 | 230 | 230 |
| Obligations under U.S. Merchant Lawsuit and Other Litigation Settlements (long-term) | 297 | 360 | 416 |
| Total Stockholders' Equity | 3,027 | 2,364 | 1,169 |
| Operating Data | |||
| Gross Dollar Volume (in billions)2 | $ 2,276 | $ 1,922 | $ 1,655 |
| Processed Transactions (in millions)3 | 18,748 | 16,137 | 13,733 |
(1) In connection with our ownership and governance transactions in 2006, 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) In 2007, we updated gross dollar volume (GDV) to exclude commercial funds transfers in China, which are generally transactions that facilitate the transfer of funds between bank branches but do not involve traditional cash withdrawals or balance transfers. Data for 2006 and 2005 have been restated to be consistent with this approach.
(3) The data set forth for processed transactions represents all transactions processed by MasterCard, including PIN-based online debit transactions. In 2006, we updated our transaction detail to remove certain online debit transactions that did not result in a flow of funds, for example, balance inquiry or failed transactions. Management determined that it would be more appropriate to exclude such transactions from the processed transactions calculation. The processed transactions in 2005 have been restated to be consistent with the calculation of processed transactions in 2006. Revenue has not been impacted by this change.
*Note that figures in this table may not sum due to rounding.
