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: 2010 | |||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 24, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Operating Activities | |||
| Net income (loss) | $ 1,847 | 1,463 | (254) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 148 | 141 | 112 |
| Gain on sale of Redecard S.A. available-for-sale securities | (86) | ||
| Share based payments | 63 | 88 | 61 |
| Stock units withheld for taxes | (126) | (28) | (67) |
| Tax benefit for share based compensation | (85) | (39) | (48) |
| Impairment of assets | 4 | 16 | 13 |
| Accretion of imputed interest on litigation settlements | 35 | 86 | 77 |
| Deferred income taxes | 248 | 337 | (484) |
| Other | 2 | (11) | 15 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (115) | 122 | (116) |
| Income taxes receivable | (50) | 190 | (198) |
| Settlement due from customers | (61) | 54 | 183 |
| Prepaid expenses | (48) | (113) | (101) |
| Obligations under litigation settlements | (603) | (939) | 1,255 |
| Accounts payable | (19) | 34 | 8 |
| Settlement due to customers | 186 | (66) | (53) |
| Accrued expenses | 265 | 82 | 51 |
| Net change in other assets and liabilities | 6 | (39) | 45 |
| Net cash provided by operating activities | 1,697 | 1,378 | 413 |
| Investing Activities | |||
| Acquisition of business, net of cash acquired | (498) | (3) | (82) |
| Purchases of property, plant and equipment | (61) | (57) | (76) |
| Capitalized software | (90) | (83) | (95) |
| Purchases of investment securities available-for-sale | (329) | (333) | (520) |
| Purchases of investment securities held-to-maturity | (300) | ||
| Proceeds from sales of investment securities, available-for-sale | 297 | 98 | 965 |
| Proceeds from maturities of available-for-sale securities | 110 | 36 | 12 |
| Investment in nonmarketable equity investments | (67) | (18) | |
| Other investing activities | (3) | (4) | (2) |
| Net cash (used in) provided by investing activities | (641) | (664) | 202 |
| Financing Activities | |||
| Tax benefit for share based compensation | 85 | 39 | 48 |
| Exercise of stock options | 11 | 9 | 9 |
| Dividends paid | (79) | (79) | (79) |
| Investment in (redemption of) non-controlling interest | 2 | (5) | |
| Purchase of treasury stock | (649) | ||
| Payment of debt | (149) | (80) | |
| Net cash provided by (used in) financing activities | 19 | (185) | (751) |
| Effect of exchange rate changes on cash and cash equivalents | (63) | 21 | (18) |
| Net increase (decrease) in cash and cash equivalents | 1,012 | 550 | (154) |
| Cash and cash equivalents-beginning of period | 2,055 | 1,505 | |
| Cash and cash equivalents-end of period | 3,067 | 2,055 | 1,505 |
| External Links | |
| MASTERCARD INC (MA) Fiscal Year 2010 | |
| 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 |