10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MASTERCARD INC | |||
Ticker: MA Fiscal Year: 2022 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 14, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Operating Activities | |||
| Net income | $ 9,930 | 8,687 | 6,411 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Amortization of customer and merchant incentives | 1,586 | 1,371 | 1,072 |
| Depreciation and amortization | 750 | 726 | 580 |
| (Gains) losses on equity investments, net | 145 | (645) | (30) |
| Share-based compensation | 295 | 273 | 254 |
| Deferred income taxes | (651) | (69) | 73 |
| Other | 44 | 36 | 14 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (481) | (397) | (86) |
| Income taxes receivable | 12 | (87) | (2) |
| Settlement assets | 48 | 390 | 1,288 |
| Prepaid expenses | (2,175) | (2,087) | (1,552) |
| Accrued litigation and legal settlements | 240 | (1) | (73) |
| Restricted security deposits held for customers | (305) | 177 | 326 |
| Accounts payable | 190 | 100 | 26 |
| Settlement obligations | 201 | (568) | (1,242) |
| Accrued expenses | 1,188 | 1,355 | (114) |
| Long-term taxes payable | (121) | (52) | (37) |
| Net change in other assets and liabilities | 299 | 254 | 316 |
| Net cash provided by operating activities | 11,195 | 9,463 | 7,224 |
| Investing Activities | |||
| Purchases of investment securities available-for-sale | (267) | (389) | (220) |
| Purchases of investments held-to-maturity | (239) | (294) | (198) |
| Proceeds from sales of investment securities available-for-sale | 54 | 83 | 361 |
| Proceeds from maturities of investment securities available-for-sale | 211 | 291 | 140 |
| Proceeds from maturities of investments held-to-maturity | 265 | 296 | 121 |
| Purchases of property and equipment | (442) | (407) | (339) |
| Capitalized software | (655) | (407) | (369) |
| Purchases of equity investments | (88) | (228) | (214) |
| Proceeds from sales of equity investments | 7 | 186 | 0 |
| Acquisition of businesses, net of cash acquired | (313) | (4,436) | (989) |
| Settlement of interest rate derivative contracts | 0 | 0 | (175) |
| Other investing activities | (3) | 33 | 3 |
| Net cash used in investing activities | (1,470) | (5,272) | (1,879) |
| Financing Activities | |||
| Purchases of treasury stock | (8,753) | (5,904) | (4,473) |
| Dividends paid | (1,903) | (1,741) | (1,605) |
| Proceeds from debt, net | 1,123 | 2,024 | 3,959 |
| Payment of debt | (724) | (650) | 0 |
| Acquisition of redeemable non-controlling interests | (4) | 0 | (49) |
| Acquisition of non-controlling interest | 0 | (133) | 0 |
| Contingent consideration paid | 0 | (64) | 0 |
| Tax withholdings related to share-based payments | (141) | (133) | (150) |
| Cash proceeds from exercise of stock options | 90 | 61 | 97 |
| Other financing activities | (16) | (15) | 69 |
| Net cash used in financing activities | (10,328) | (6,555) | (2,152) |
| Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents | (103) | (153) | 257 |
| Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents | (706) | (2,517) | 3,450 |
| Cash, cash equivalents, restricted cash and restricted cash equivalents - beginning of period | 9,902 | 12,419 | |
| Cash, cash equivalents, restricted cash and restricted cash equivalents - end of period | 9,196 | 9,902 | 12,419 |
| External Links | |
| MASTERCARD INC (MA) Fiscal Year 2022 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |