1、MASTERCARD ANNUAL REPORT 2016AnnualReport 2016Summary Consolidated Financial And Other Data For the Years Ended December 31 (in$millions,except per share)2016 2015 2014Statement of Operations Net Revenue$10,776$9,667$9,441 Operating Expenses:General and Administrative 3,714 3,341 3,152 Advertising a
2、nd Marketing 811 821 862 Depreciation and Amortization 373 366 321 Provision for Litigation Settlements 117 61 -Total Operating Expenses 5,015 4,589 4,335 Operating Income 5,761 5,078 5,106 Total Other Expense (115)(120)(27)Income before Income Taxes 5,646 4,958 5,079 Income Tax Expense 1,587 1,150
3、1,462 Net Income$4,059$3,808$3,617Basic Earnings per Share$3.70$3.36$3.11 Diluted Earnings per Share$3.69$3.35$3.10 Balance Sheet Data(at period end)Cash,Cash Equivalents and Investment Securities Current$8,335$6,738$6,375 Total Assets 18,675 16,250 15,329 Equity 5,684 6,062 6,824 Operating Data Gro
4、wth(local currency)Gross Dollar Volume 1 9%13%13%Gross Dollar Volume as adjusted for EU Regulation 1,2 11%13%14%Cross-border Volume 12%16%16%Switched Transactions 3 16%12%12%1 Gross Dollar Volume(GDV)generated by Maestro and Cirrus cards is not included.The data for GDV is provided by Mastercard cus
5、tomers and includes information with respect to Mastercard-branded transactions that are not processed?by Mastercards customers subsequent to the date of its release,of which revisions and amendments may be material.?UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington,D.C.20549Form 10-K ANNUAL
6、 REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended December 31,2016 OrTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from to Commission file number:001-32877Mastercard Incorporated(E