Mastercard Inc
For the period ended Dec 31, 2023. Filed Feb 13, 2024.
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FY2023 · Filed Feb 13, 2024
MA$658.84+0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statement of Operations
PART II
| Consolidated Statement of Operations | |||
|---|---|---|---|
| For the Years Ended December 31, | |||
| 2023 | 2022 | 2021 | |
| (in millions, except per share data) | |||
| Net Revenue | $25,098 | $22,237 | $18,884 |
| Operating Expenses: | |||
| General and administrative | 8,927 | 8,078 | 7,087 |
| Advertising and marketing | 825 | 789 | 895 |
| Depreciation and amortization | 799 | 750 | 726 |
| Provision for litigation | 539 | 356 | 94 |
| Total operating expenses | 11,090 | 9,973 | 8,802 |
| Operating income | 14,008 | 12,264 | 10,082 |
| Other Income (Expense): | |||
| Investment income | 274 | 61 | 11 |
| Gains (losses) on equity investments, net | (61) | (145) | 645 |
| Interest expense | (575) | (471) | (431) |
| Other income (expense), net | (7) | 23 | — |
| Total other income (expense) | (369) | (532) | 225 |
| Income before income taxes | 13,639 | 11,732 | 10,307 |
| Income tax expense | 2,444 | 1,802 | 1,620 |
| Net Income | $11,195 | $9,930 | $8,687 |
| Basic Earnings per Share | $11.86 | $10.26 | $8.79 |
| Basic weighted-average shares outstanding | 944 | 968 | 988 |
| Diluted Earnings per Share | $11.83 | $10.22 | $8.76 |
| Diluted weighted-average shares outstanding | 946 | 971 | 992 |
| The accompanying notes are an integral part of these consolidated financial statements. | |||
MASTERCARD 2023 FORM 10-K 68
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