Mastercard Incorporated MA Cash Flow

Mastercard incorporated (MA)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Operating Activities
Net income
1,693,000	2,100,000	2,108,000	2,048,000	1,862,000	899,000	1,899,000	1,569,000	1,492,000	227,000	1,430,000	1,177,000	1,081,000	933,000	1,184,000	983,000	959,000	890,000	977,000	921,000	1,020,000	801,000	1,015,000	931,000	870,000	623,000	879,000	848,000	766,000	605,000	772,000	700,000	682,000	20,000	716,000	608,000	562,000	415,000	519,000	458,000	455,000	294,000	453,000	349,000	367,000
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of customer and merchant incentives
237,000	263,000	255,000	278,000	345,000	350,000	307,000	291,000	287,000	240,000	265,000	230,000	266,000	231,000	233,000	192,000	204,000	204,000	202,000	174,000	184,000	178,000	188,000	161,000	164,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
144,000	146,000	137,000	122,000	117,000	113,000	111,000	115,000	120,000	116,000	118,000	111,000	92,000	92,000	93,000	93,000	95,000	93,000	94,000	92,000	87,000	84,000	83,000	81,000	73,000	71,000	64,000	61,000	62,000	62,000	58,000	56,000	54,000	52,000	51,000	49,000	42,000	42,000	36,000	35,000	35,000	38,000	36,000	36,000	31,000
(Gains) losses on equity investments, net
-174,000	-	-	-	-5,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation
52,000	43,000	77,000	73,000	57,000	43,000	55,000	55,000	43,000	39,000	49,000	49,000	39,000	39,000	36,000	42,000	32,000	121,000	24,000	30,000	-53,000	28,000	3,000	28,000	-74,000	36,000	28,000	22,000	-23,000	21,000	9,000	23,000	-53,000	-18,000	17,000	21,000	15,000	14,000	18,000	15,000	16,000	19,000	28,000	26,000	15,000
Stock units withheld for taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-246,000	122,000	-	-1,000	-20,000	-7,000
Tax benefit for share-based payments
-	-	-	-	-	-	-	-	-	-	-	-	-	4,000	11,000	11,000	22,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	3,000	7,000	0	-4,000	-2,000	91,000	7,000	6,000	18,000	8,000
Deferred income taxes
26,000	-21,000	-51,000	27,000	38,000	-35,000	-102,000	-61,000	-46,000	142,000	-33,000	-31,000	8,000	-19,000	7,000	12,000	-20,000	-34,000	17,000	-36,000	37,000	-11,000	-3,000	-10,000	-67,000	-85,000	-2,000	-27,000	-5,000	281,000	15,000	-41,000	-14,000	-311,000	42,000	39,000	55,000	90,000	48,000	61,000	49,000	133,000	120,000	44,000	40,000
Impairment of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	0	15,000
Accretion of imputed interest on litigation settlements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,000	10,000	11,000	13,000	23,000	24,000	26,000
Other
-20,000	-3,000	-9,000	-11,000	-1,000	-20,000	-6,000	-4,000	-1,000	-37,000	13,000	-26,000	-9,000	-53,000	-4,000	13,000	15,000	114,000	-56,000	-14,000	37,000	-28,000	-2,000	-20,000	-2,000	-19,000	-19,000	-13,000	-16,000	-18,000	-11,000	-15,000	-8,000	24,000	6,000	-19,000	6,000	32,000	3,000	3,000	3,000	18,000	-12,000	1,000	-2,000
Changes in operating assets and liabilities:
Accounts receivable
3,000	-32,000	-49,000	7,000	320,000	0	122,000	115,000	80,000	124,000	135,000	66,000	120,000	148,000	90,000	13,000	87,000	8,000	-24,000	21,000	30,000	68,000	-25,000	106,000	15,000	-25,000	31,000	11,000	25,000	9,000	61,000	58,000	-7,000	62,000	78,000	20,000	2,000	62,000	41,000	31,000	-19,000	40,000	-52,000	-8,000	-102,000
Income taxes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,000	-	20,000	0	63,000	-4,000	12,000	0	0	5,000	0	-9,000	-149,000	132,000	22,000	31,000	0	-	-	-	-	-	-	-	-	0	0	0	-190,000
Settlement due from customers
-1,831,000	273,000	1,074,000	123,000	-1,026,000	1,117,000	-197,000	2,000	156,000	176,000	-72,000	185,000	-8,000	-43,000	128,000	-6,000	-69,000	176,000	-368,000	182,000	108,000	-99,000	-85,000	-130,000	129,000	2,000	636,000	-11,000	-433,000	287,000	0	170,000	43,000	98,000	58,000	80,000	-122,000	103,000	-43,000	30,000	-29,000	41,000	-204,000	40,000	69,000
Prepaid expenses
331,000	221,000	425,000	518,000	497,000	595,000	331,000	507,000	336,000	116,000	306,000	320,000	660,000	255,000	296,000	342,000	180,000	98,000	182,000	465,000	57,000	706,000	167,000	263,000	180,000	554,000	-68,000	105,000	7,000	451,000	-18,000	87,000	53,000	12,000	-112,000	133,000	-60,000	2,000	-22,000	72,000	-4,000	55,000	-12,000	51,000	19,000
Accrued litigation and legal settlements
-62,000	-25,000	4,000	-642,000	1,000	667,000	-29,000	120,000	111,000	0	-27,000	2,000	13,000	5,000	-95,000	101,000	6,000	-3,000	-11,000	-9,000	-40,000	-18,000	-10,000	-60,000	-27,000	-	-	-	-	-	-	-	-	-	-	-	-	455,000	-155,000	-150,000	-150,000	784,000	-480,000	-152,000	-152,000
Restricted security deposits held for customers
148,000	-	-	-	-35,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted security deposits held for customers
-	-	-	-	-	45,000	42,000	48,000	-141,000	59,000	33,000	21,000	-19,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued litigation and legal settlements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-2,000	-150,000	-150,000	-	-	-	-	-	-	-	-
Accounts payable
-102,000	-6,000	69,000	-83,000	-22,000	145,000	42,000	-24,000	-62,000	205,000	61,000	-33,000	57,000	178,000	-15,000	57,000	-75,000	80,000	-68,000	36,000	1,000	100,000	-68,000	75,000	-46,000	56,000	21,000	-4,000	-93,000	34,000	-9,000	61,000	-88,000	75,000	-42,000	26,000	8,000	26,000	-7,000	-2,000	-36,000	13,000	16,000	2,000	3,000
Settlement due to customers
-1,564,000	554,000	781,000	142,000	-1,000,000	1,035,000	-77,000	-46,000	-63,000	340,000	-105,000	283,000	-124,000	-105,000	221,000	-9,000	-41,000	6,000	-453,000	103,000	158,000	-41,000	-34,000	-35,000	-55,000	196,000	577,000	-28,000	-423,000	208,000	28,000	200,000	-88,000	158,000	43,000	132,000	-259,000	215,000	-67,000	59,000	-21,000	59,000	-193,000	36,000	32,000
Accrued expenses
-622,000	391,000	279,000	470,000	-483,000	-22,000	380,000	131,000	-50,000	209,000	384,000	-14,000	10,000	273,000	247,000	-27,000	27,000	324,000	121,000	94,000	-214,000	329,000	269,000	-238,000	29,000	106,000	296,000	-57,000	-30,000	92,000	179,000	-51,000	1,000	133,000	247,000	48,000	-132,000	237,000	137,000	25,000	-134,000	81,000	85,000	51,000	-135,000
Net change in other assets and liabilities
-218,000	-116,000	75,000	125,000	-217,000	76,000	11,000	89,000	85,000	111,000	4,000	-75,000	-67,000	317,000	-34,000	13,000	-109,000	229,000	-123,000	-70,000	-26,000	82,000	-9,000	-15,000	-23,000	50,000	-39,000	-10,000	-52,000	31,000	-16,000	-4,000	-14,000	-24,000	33,000	6,000	-67,000	22,000	-24,000	24,000	-28,000	70,000	22,000	-66,000	13,000
Net cash provided by operating activities
1,859,000	2,980,000	2,355,000	1,536,000	1,312,000	1,332,000	2,367,000	1,489,000	1,035,000	1,823,000	1,789,000	1,325,000	727,000	1,094,000	1,424,000	1,061,000	1,058,000	1,097,000	1,272,000	821,000	911,000	725,000	1,385,000	729,000	568,000	1,199,000	1,322,000	742,000	872,000	866,000	1,014,000	641,000	427,000	784,000	1,007,000	538,000	355,000	670,000	589,000	343,000	95,000	284,000	316,000	362,000	416,000
Investing Activities
Purchases of investment securities available-for-sale
74,000	94,000	163,000	81,000	305,000	347,000	248,000	597,000	108,000	183,000	209,000	117,000	205,000	206,000	190,000	115,000	446,000	112,000	73,000	98,000	691,000	408,000	504,000	854,000	619,000	590,000	625,000	377,000	934,000	858,000	1,069,000	656,000	398,000	711,000	149,000	24,000	15,000	211,000	50,000	35,000	33,000	228,000	41,000	49,000	15,000
Purchases of investments held-to-maturity
45,000	48,000	43,000	25,000	99,000	109,000	158,000	119,000	123,000	220,000	411,000	137,000	377,000	138,000	590,000	79,000	60,000	50,000	124,000	744,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of investment securities available-for-sale
179,000	95,000	68,000	459,000	476,000	113,000	79,000	214,000	198,000	151,000	48,000	16,000	89,000	113,000	57,000	38,000	69,000	37,000	-50,000	632,000	84,000	1,033,000	1,018,000	85,000	341,000	139,000	494,000	279,000	576,000	195,000	91,000	61,000	43,000	114,000	341,000	20,000	10,000	203,000	38,000	36,000	20,000	27,000	21,000	38,000	12,000
Proceeds from maturities of investment securities available-for-sale
64,000	71,000	86,000	80,000	139,000	88,000	120,000	63,000	108,000	129,000	123,000	97,000	151,000	92,000	85,000	107,000	55,000	66,000	154,000	156,000	166,000	36,000	435,000	462,000	425,000	362,000	315,000	387,000	257,000	315,000	190,000	275,000	111,000	27,000	8,000	13,000	15,000	24,000	26,000	49,000	11,000	23,000	4,000	8,000	1,000
Proceeds from maturities of investments held-to-maturity
65,000	49,000	97,000	82,000	155,000	167,000	116,000	216,000	430,000	148,000	411,000	141,000	320,000	216,000	110,000	50,000	80,000	281,000	576,000	0	0	-	-	-	-	0	0	0	36,000	0	0	0	0	-1,000	0	151,000	150,000	-	-	-	-	-	-	-	-
Purchases of property and equipment
131,000	116,000	132,000	91,000	83,000	75,000	83,000	90,000	82,000	86,000	100,000	50,000	64,000	59,000	55,000	64,000	37,000	52,000	69,000	25,000	31,000	78,000	58,000	14,000	25,000	90,000	17,000	28,000	20,000	28,000	28,000	28,000	12,000	26,000	16,000	25,000	10,000	24,000	12,000	22,000	3,000	20,000	12,000	13,000	12,000
Capitalized software
78,000	69,000	87,000	91,000	59,000	48,000	47,000	35,000	44,000	36,000	33,000	24,000	30,000	43,000	44,000	42,000	38,000	41,000	37,000	61,000	26,000	84,000	12,000	39,000	24,000	56,000	33,000	33,000	22,000	26,000	29,000	28,000	39,000	35,000	28,000	22,000	15,000	22,000	28,000	23,000	17,000	24,000	21,000	22,000	16,000
Purchases of equity investments
135,000	76,000	5,000	386,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,000	12,000	7,000	66,000	6,000	2,000	0	55,000	9,000	2,000	1,000	2,000	-2,000	0	18,000
Payments for Hedge, Investing Activities
175,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of businesses, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	572,000	12,000	189,000	-5,000	195,000	146,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,000
(Increase) decrease in restricted cash for litigation settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	-1,000	0	-183,000	-4,000	3,000	0	-2,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investing activities
177,000	2,000	0	-9,000	11,000	-1,000	-1,000	4,000	12,000	42,000	-24,000	-24,000	7,000	-4,000	0	-6,000	8,000	-6,000	8,000	-10,000	9,000	67,000	5,000	7,000	5,000	8,000	14,000	3,000	2,000	124,000	1,000	0	0	-	-	-	-	-	-	-	-	0	2,000	3,000	-1,000
Net cash (used in) provided by investing activities
-507,000	-460,000	-626,000	-767,000	213,000	-269,000	-231,000	-373,000	367,000	-158,000	-378,000	-1,122,000	-123,000	-38,000	-630,000	-110,000	-385,000	138,000	369,000	-703,000	-519,000	242,000	880,000	-562,000	130,000	-239,000	117,000	225,000	-107,000	-1,227,000	-922,000	-388,000	-302,000	-693,000	159,000	-349,000	135,000	-58,000	-563,000	3,000	-23,000	-524,000	-52,000	-38,000	-50,000
Financing Activities
Investment in (redemption of) non-controlling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	5,000
Purchases of treasury stock
1,383,000	994,000	1,762,000	1,917,000	1,824,000	888,000	1,164,000	1,529,000	1,352,000	1,031,000	838,000	931,000	962,000	1,101,000	591,000	462,000	1,357,000	793,000	930,000	848,000	947,000	155,000	404,000	1,158,000	1,669,000	751,000	345,000	581,000	766,000	613,000	216,000	671,000	248,000	30,000	77,000	387,000	654,000	-	-	-	-	-	-	-	-
Dividends paid
403,000	333,000	335,000	337,000	340,000	259,000	260,000	262,000	263,000	233,000	235,000	236,000	238,000	207,000	209,000	209,000	212,000	179,000	181,000	183,000	184,000	127,000	128,000	129,000	131,000	73,000	72,000	73,000	37,000	38,000	37,000	38,000	19,000	19,000	19,000	19,000	20,000	20,000	20,000	19,000	20,000	20,000	20,000	19,000	20,000
Proceeds from debt, net
3,959,000	744,000	0	1,980,000	0	0	0	0	991,000	0	0	0	0	-	-	-	-	-	-	-	-	43,000	0	0	1,487,000	35,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-149,000
Tax benefit for share-based payments
-	-	-	-	-	-	-	-	-	-	-	-	-	4,000	11,000	11,000	22,000	2,000	6,000	7,000	27,000	1,000	11,000	4,000	38,000	-4,000	3,000	6,000	14,000	1,000	13,000	0	33,000	1,000	1,000	3,000	7,000	0	-4,000	-2,000	91,000	7,000	6,000	18,000	8,000
Tax withholdings related to share-based payments
131,000	0	41,000	4,000	116,000	1,000	6,000	-4,000	77,000	1,000	0	0	46,000	0	-1,000	2,000	50,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	0	32,000	-	-	-	-	-	-	-	-
Cash proceeds from exercise of stock options
31,000	19,000	16,000	37,000	54,000	12,000	25,000	27,000	40,000	9,000	12,000	17,000	19,000	6,000	15,000	12,000	4,000	2,000	4,000	11,000	10,000	5,000	7,000	8,000	8,000	4,000	6,000	11,000	5,000	3,000	10,000	4,000	14,000	4,000	7,000	6,000	2,000	1,000	1,000	3,000	6,000	3,000	4,000	1,000	1,000
Other financing activities
27,000	-18,000	-3,000	3,000	3,000	3,000	-12,000	9,000	-4,000	-14,000	19,000	-1,000	-10,000	1,000	0	-1,000	-2,000	-9,000	1,000	-3,000	-6,000	-11,000	4,000	-31,000	-12,000	-3,000	-8,000	-1,000	1,000	0	1,000	3,000	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
2,100,000	-582,000	-2,125,000	-937,000	-2,223,000	-1,133,000	-1,417,000	-1,751,000	-665,000	-1,270,000	-1,042,000	-1,215,000	-1,237,000	675,000	-773,000	-651,000	-1,595,000	700,000	-1,100,000	-1,016,000	-1,100,000	-244,000	-510,000	-1,306,000	-279,000	-792,000	-416,000	-638,000	-783,000	-647,000	-229,000	-702,000	-220,000	-44,000	-88,000	-418,000	-665,000	-17,000	-23,000	-18,000	77,000	-10,000	-10,000	0	-165,000
Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents
-88,000	59,000	-77,000	28,000	-54,000	-71,000	-9,000	-21,000	95,000	6,000	71,000	88,000	35,000	-109,000	8,000	-18,000	69,000	-65,000	-25,000	52,000	-222,000	-48,000	-171,000	-2,000	1,000	18,000	42,000	35,000	-50,000	15,000	29,000	-82,000	45,000	-66,000	-89,000	39,000	62,000	-7,000	153,000	-124,000	-85,000	-11,000	14,000	46,000	-28,000
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents
3,364,000	1,997,000	-473,000	-140,000	-752,000	-141,000	710,000	-656,000	832,000	401,000	440,000	-924,000	-598,000	1,622,000	29,000	282,000	-853,000	1,870,000	516,000	-846,000	-930,000	675,000	1,584,000	-1,141,000	420,000	186,000	1,065,000	364,000	-68,000	-993,000	-108,000	-531,000	-50,000	-19,000	989,000	-190,000	-113,000	588,000	156,000	204,000	64,000	-261,000	268,000	370,000	173,000
Non-Cash Investing and Financing Activities
Fair value of assets acquired, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	612,000	13,000	-	2,000	326,000	246,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair value of liabilities assumed related to acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	41,000	0	-	6,000	86,000	42,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-