Mastercard Incorporated MA Cash Flow

Mastercard incorporated (MA)

CashFlow / TTM

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
7,949	8,118	6,917	6,708	6,229	5,859	5,187	4,718	4,326	3,915	4,621	4,375	4,181	4,059	4,016	3,809	3,747	3,808	3,719	3,757	3,767	3,617	3,439	3,303	3,220	3,116	3,098	2,991	2,843	2,759	2,174	2,118	2,026	1,906	2,301	2,104	1,954	1,847	1,726	1,660	1,551	1,463	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of customer and merchant incentives
1,033	1,141	1,228	1,280	1,293	1,235	1,125	1,083	1,022	1,001	992	960	922	860	833	802	784	764	738	724	711	691	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
549	522	489	463	456	459	462	469	465	437	413	388	370	373	374	375	374	366	357	346	335	321	308	289	269	258	249	243	238	230	220	213	206	194	184	169	155	148	144	144	145	141	0	0	0
(Gains) losses on equity investments, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation
245	250	250	228	210	196	192	186	180	176	176	163	156	149	231	219	207	122	29	8	6	-15	-7	18	12	63	48	29	30	0	-39	-31	-33	35	67	68	62	63	68	78	89	88	0	0	0
Stock units withheld for taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Tax benefit for share-based payments
-	-	-	-	-	-	-	-	-	-	-	-	-	48	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11	6	1	85	92	102	122	39	0	0	0
Deferred income taxes
-19	-7	-21	-72	-160	-244	-67	2	32	86	-75	-35	8	-20	-35	-25	-73	-16	7	-13	13	-91	-165	-164	-181	-119	247	264	250	241	-351	-324	-244	-175	226	232	254	248	291	363	346	337	0	0	0
Impairment of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Accretion of imputed interest on litigation settlements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	42	57	71	86	0	0	0
Other
-43	-24	-41	-38	-31	-31	-48	-29	-51	-59	-75	-92	-53	-29	138	86	59	81	-61	-7	-13	-52	-43	-60	-53	-67	-66	-58	-60	-52	-10	7	3	17	25	22	44	41	27	12	10	5	0	0	0
Changes in operating assets and liabilities:
Accounts receivable
-71	246	278	449	557	317	441	454	405	445	469	424	371	338	198	84	92	35	95	94	179	164	71	127	32	42	76	106	153	121	174	191	153	162	162	125	136	115	93	0	-39	-122	0	0	0
Income taxes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-46	-	79	71	71	8	17	5	-4	-153	-26	-4	36	185	0	0	0	-	-	-	-	-	-	-	-	-190	0	0	0
Settlement due from customers
-361	444	1,288	17	-104	1,078	137	262	445	281	62	262	71	10	229	-267	-79	98	-177	106	-206	-185	-84	637	756	194	479	-157	24	500	311	369	279	114	119	18	-32	61	-1	-162	-152	-54	0	0	0
Prepaid expenses
1,495	1,661	2,035	1,941	1,930	1,769	1,290	1,265	1,078	1,402	1,541	1,531	1,553	1,073	916	802	925	802	1,410	1,395	1,193	1,316	1,164	929	771	598	495	545	527	573	134	40	86	-27	-37	53	-8	48	101	111	90	113	0	0	0
Accrued litigation and legal settlements
-725	-662	30	-3	759	869	202	204	86	-12	-7	-75	24	17	9	93	-17	-63	-78	-77	-128	-115	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	329	4	2	0	0	0	0
Restricted security deposits held for customers
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted security deposits held for customers
-	-	-	-	-	-6	8	-1	-28	94	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued litigation and legal settlements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Accounts payable
-122	-42	109	82	141	101	161	180	171	290	263	187	277	145	47	-6	-27	49	69	69	108	61	17	106	27	-20	-42	-72	-7	-2	39	6	-29	67	18	53	25	-19	-32	-9	-5	34	0	0	0
Settlement due to customers
-87	477	958	100	-88	849	154	126	455	394	-51	275	-17	66	177	-497	-385	-186	-233	186	48	-165	72	683	690	322	334	-215	13	348	298	313	245	74	131	21	-52	186	30	-96	-119	-66	0	0	0
Accrued expenses
518	657	244	345	6	439	670	674	529	589	653	516	503	520	571	445	566	325	330	478	146	389	166	193	374	315	301	184	190	221	262	330	429	296	400	290	267	265	109	57	83	82	0	0	0
Net change in other assets and liabilities
-134	-133	59	-5	-41	261	296	289	125	-27	179	141	229	187	99	10	-73	10	-137	-23	32	35	3	-27	-22	-51	-70	-47	-41	-3	-58	-9	1	-52	-6	-63	-45	-6	42	88	-2	39	0	0	0
Net cash provided by operating activities
8,730	8,183	6,535	6,547	6,500	6,223	6,714	6,136	5,972	5,664	4,935	4,570	4,306	4,637	4,640	4,488	4,248	4,101	3,729	3,842	3,750	3,407	3,881	3,818	3,831	4,135	3,802	3,494	3,393	2,948	2,866	2,859	2,756	2,684	2,570	2,152	1,957	1,697	1,311	1,038	1,057	1,378	0	0	0
Investing Activities
Purchases of investment securities available-for-sale
412	643	896	981	1,497	1,300	1,136	1,097	617	714	737	718	716	957	863	746	729	974	1,270	1,701	2,457	2,385	2,567	2,688	2,211	2,526	2,794	3,238	3,517	2,981	2,834	1,914	1,282	899	399	300	311	329	346	337	351	333	0	0	0
Purchases of investments held-to-maturity
161	215	276	391	485	509	620	873	891	1,145	1,063	1,242	1,184	867	779	313	978	918	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of investment securities available-for-sale
801	1,098	1,116	1,127	882	604	642	611	413	304	266	275	297	277	201	94	688	703	1,699	2,767	2,220	2,477	1,583	1,059	1,253	1,488	1,544	1,141	923	390	309	559	518	485	574	271	287	297	121	104	106	98	0	0	0
Proceeds from maturities of investment securities available-for-sale
301	376	393	427	410	379	420	423	457	500	463	425	435	339	313	382	431	542	512	793	1,099	1,358	1,684	1,564	1,489	1,321	1,274	1,149	1,037	891	603	421	159	63	60	78	114	110	109	87	46	36	0	0	0
Proceeds from maturities of investments held-to-maturity
293	383	501	520	654	929	910	1,205	1,130	1,020	1,088	787	696	456	521	987	937	857	0	0	0	-	-	-	-	36	36	36	36	0	-1	-1	150	300	0	0	0	-	-	-	-	-	-	-	-
Purchases of property and equipment
470	422	381	332	331	330	341	358	318	300	273	228	242	215	208	222	183	177	203	192	181	175	187	146	160	155	93	104	104	96	94	82	79	77	75	71	68	61	57	57	48	57	0	0	0
Capitalized software
325	306	285	245	189	174	162	148	137	123	130	141	159	167	165	158	177	165	208	183	161	159	131	152	146	144	114	110	105	122	131	130	124	100	87	87	88	90	92	85	84	83	0	0	0
Purchases of equity investments
602	467	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	91	91	81	74	63	66	66	67	14	3	1	18	0	0	0
Payments for Hedge, Investing Activities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of businesses, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	584	773	768	391	525	336	341	146	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
(Increase) decrease in restricted cash for litigation settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-183	-188	-184	-184	-3	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investing activities
170	4	1	0	13	14	57	34	6	1	-45	-21	-3	-2	-4	4	0	1	74	71	88	84	25	34	30	27	143	130	127	125	0	0	0	-	-	-	-	-	-	-	-	4	0	0	0
Net cash (used in) provided by investing activities
-2,360	-1,640	-1,449	-1,054	-660	-506	-395	-542	-1,291	-1,781	-1,661	-1,913	-901	-1,163	-987	12	-581	-715	-611	-100	41	690	209	-554	233	-4	-992	-2,031	-2,644	-2,839	-2,305	-1,224	-1,185	-748	-113	-835	-483	-641	-1,107	-596	-637	-664	0	0	0
Financing Activities
Investment in (redemption of) non-controlling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Purchases of treasury stock
6,056	6,497	6,391	5,793	5,405	4,933	5,076	4,750	4,152	3,762	3,832	3,585	3,116	3,511	3,203	3,542	3,928	3,518	2,880	2,354	2,664	3,386	3,982	3,923	3,346	2,443	2,305	2,176	2,266	1,748	1,165	1,026	742	1,148	0	0	0	-	-	-	-	-	-	-	-
Dividends paid
1,408	1,345	1,271	1,196	1,121	1,044	1,018	993	967	942	916	890	863	837	809	781	755	727	675	622	568	515	461	405	349	255	220	185	150	132	113	95	76	77	78	79	79	79	79	79	79	79	0	0	0
Proceeds from debt, net
6,683	2,724	1,980	1,980	0	991	991	991	991	0	0	0	0	-	-	-	-	-	-	-	-	1,530	1,522	1,522	1,522	35	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-149	0	0	0
Tax benefit for share-based payments
-	-	-	-	-	-	-	-	-	-	-	-	-	48	46	41	37	42	41	46	43	54	49	41	43	19	24	34	28	47	47	35	38	12	11	6	1	85	92	102	122	39	0	0	0
Tax withholdings related to share-based payments
176	161	162	127	119	80	80	74	78	47	46	45	47	51	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Cash proceeds from exercise of stock options
103	126	119	128	118	104	101	88	78	57	54	57	52	37	33	22	21	27	30	33	30	28	27	26	29	26	25	29	22	31	32	29	31	19	16	10	7	11	13	16	14	9	0	0	0
Other financing activities
9	-15	6	-3	3	-4	-21	10	0	-6	9	-10	-10	-2	-12	-11	-13	-17	-19	-16	-44	-50	-42	-54	-24	-11	-8	1	5	4	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-1,544	-5,867	-6,418	-5,710	-6,524	-4,966	-5,103	-4,728	-4,192	-4,764	-2,819	-2,550	-1,986	-2,344	-2,319	-2,646	-3,011	-2,516	-3,460	-2,870	-3,160	-2,339	-2,887	-2,793	-2,125	-2,629	-2,484	-2,297	-2,361	-1,798	-1,195	-1,054	-770	-1,215	-1,188	-1,123	-723	19	26	39	57	-185	0	0	0
Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents
-78	-44	-174	-106	-155	-6	71	151	260	200	85	22	-84	-50	-6	-39	31	-260	-243	-389	-443	-220	-154	59	96	45	42	29	-88	7	-74	-192	-71	-54	5	247	84	-63	-67	-206	-36	21	0	0	0
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents
4,748	632	-1,506	-323	-839	745	1,287	1,017	749	-681	540	129	1,335	1,080	1,328	1,815	687	610	-585	483	188	1,538	1,049	530	2,035	1,547	368	-805	-1,700	-1,682	-708	389	730	667	1,274	441	835	1,012	163	275	441	550	0	0	0
Non-Cash Investing and Financing Activities
Fair value of assets acquired, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair value of liabilities assumed related to acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-