Summary
This filing is an amendment (10-K/A) to Mastercard Inc.'s 2010 Annual Report, primarily addressing the re-filing of specific exhibits (10.33 and 10.34) related to litigation settlements. It does not introduce new financial data or events occurring after the original filing date of February 24, 2011. Investors should note that the core financial performance and strategic information for the fiscal year ended December 31, 2010, are contained within the original 10-K filing and not this amendment. The amendment's purpose is administrative, to comply with SEC comments regarding confidential treatment requests for certain settlement agreements. These agreements, dated February 7, 2011, pertain to interchange and judgment sharing with Visa and customer banks. While the amendment itself doesn't provide operational insights, understanding these settlement agreements may be relevant for assessing long-term legal and financial contingencies, though their impact is primarily reflected in prior periods' financial statements.
Financial Highlights
53 data points| Revenue | $5.54B |
| Operating Expenses | $2.79B |
| Operating Income | $2.75B |
| Interest Expense | $52.00M |
| Net Income | $1.85B |
| EPS (Basic) | $1.41 |
| EPS (Diluted) | $1.41 |
| Shares Outstanding (Basic) | 1.31B |
| Shares Outstanding (Diluted) | 1.31B |
Key Highlights
- 1This document is an Amendment No. 1 to the 10-K filing for the fiscal year ended December 31, 2010.
- 2The amendment's sole purpose is to re-file Exhibits 10.33 and 10.34 due to SEC comments on confidential treatment requests.
- 3Exhibits 10.33 and 10.34 concern Omnibus Agreements Regarding Interchange Litigation Judgment Sharing and Settlement Sharing, and a MasterCard Settlement and Judgment Sharing Agreement, both dated February 7, 2011.
- 4The amendment does not introduce new financial results or events occurring after the original filing date of February 24, 2011.
- 5Mastercard Inc. is a large accelerated filer, indicating significant public float and market capitalization.
- 6The filing confirms the aggregate market value of Class A common stock held by non-affiliates as approximately $23.7 billion as of June 30, 2010.
- 7Key executive employment agreements and various compensation plans are listed as incorporated exhibits, providing insight into management structure and incentives.