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: 2009 | |||
Statement Of Cash Flows Indirect | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 18, 2010) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Operating Activities | |||
| Net income (loss) | $ 1,462,624 | (253,915) | 1,085,886 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 141,377 | 112,006 | 97,642 |
| Gain on sale of Redecard S.A. available-for-sale securities | 0 | (85,903) | (390,968) |
| Share based payments (Note 17) | 88,430 | 60,970 | 58,213 |
| Stock units withheld for taxes | (28,458) | (67,111) | (11,334) |
| Tax benefit for share based compensation | (39,025) | (47,803) | (15,430) |
| Impairment of assets | 16,430 | 12,515 | 8,719 |
| Accretion of imputed interest on litigation settlements | 86,342 | 77,202 | 38,046 |
| Deferred income taxes | 336,704 | (483,952) | (5,492) |
| Other | (12,121) | 14,645 | 15,121 |
| Changes in operating assets and liabilities: | |||
| Trading securities | 0 | 2,561 | 9,700 |
| Accounts receivable | 122,445 | (115,687) | (60,984) |
| Income taxes receivable | 190,000 | (198,308) | 0 |
| Settlement due from customers | 54,473 | 183,008 | (356,305) |
| Prepaid expenses | (112,655) | (100,853) | (48,257) |
| Obligations under litigation settlement | (938,685) | 1,254,660 | (110,525) |
| Accounts payable | 34,231 | 8,425 | (30,650) |
| Settlement due to customers | (65,628) | (52,852) | 276,144 |
| Accrued expenses | 82,076 | 51,345 | 183,699 |
| Net change in other assets and liabilities | (40,398) | 42,275 | 26,636 |
| Net cash provided by operating activities | 1,378,162 | 413,228 | 769,861 |
| Investing Activities | |||
| Purchases of property, plant and equipment | (56,563) | (75,626) | (81,587) |
| Capitalized software | (82,797) | (94,647) | (74,835) |
| Purchases of investment securities available-for-sale | (332,571) | (519,514) | (3,578,357) |
| Purchases of investment securities held-to-maturity | (300,000) | 0 | 0 |
| Proceeds from sales and maturities of investment securities available-for-sale | 134,177 | 976,743 | 4,042,011 |
| Acquisition of business, net of cash acquired | (2,913) | (81,731) | 0 |
| Investment in affiliates | (17,709) | 0 | 0 |
| Other investing activities | (5,804) | (3,574) | 7,909 |
| Net cash provided by (used in) investing activities | (664,180) | 201,651 | 315,141 |
| Financing Activities | |||
| Purchase of treasury stock | 0 | (649,468) | (600,532) |
| Payment of debt | (149,380) | (80,000) | 0 |
| Dividends paid | (78,685) | (79,259) | (74,002) |
| Exercise of stock options | 8,720 | 9,546 | 1,597 |
| Tax benefit for share based compensation | 39,025 | 47,803 | 15,430 |
| Redemption of non-controlling interest | (4,620) | 0 | 0 |
| Net cash used in financing activities | (184,940) | (751,378) | (657,507) |
| Effect of exchange rate changes on cash and cash equivalents | 21,237 | (17,636) | 46,720 |
| Net increase (decrease) in cash and cash equivalents | 550,279 | (154,135) | 474,215 |
| Cash and cash equivalents - beginning of period | 1,505,160 | 1,659,295 | |
| Cash and cash equivalents - end of period | 2,055,439 | 1,505,160 | 1,659,295 |
| External Links | |
| MASTERCARD INC (MA) Fiscal Year 2009 | |
| 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 |