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: 2011 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 16, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Operating Activities | |||
| Net income | $ 1,904 | 1,847 | 1,463 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 194 | 148 | 141 |
| Share based payments | 80 | 63 | 88 |
| Stock units withheld for taxes | (33) | (126) | (28) |
| Tax benefit for share based compensation | (12) | (85) | (39) |
| Accretion of imputed interest on litigation settlements | 5 | 35 | 86 |
| Deferred income taxes | (175) | 248 | 337 |
| Other | 14 | 6 | 5 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (162) | (115) | 122 |
| Income taxes receivable | 0 | (50) | 190 |
| Settlement due from customers | (114) | (61) | 54 |
| Prepaid expenses | 27 | (48) | (113) |
| Obligations under litigation settlements | (303) | (603) | (939) |
| Accrued litigation | 770 | 0 | 0 |
| Accounts payable | 67 | (19) | 34 |
| Settlement due to customers | 74 | 186 | (66) |
| Accrued expenses | 296 | 265 | 82 |
| Net change in other assets and liabilities | 52 | 6 | (39) |
| Net cash provided by operating activities | 2,684 | 1,697 | 1,378 |
| Investing Activities | |||
| Acquisition of business, net of cash acquired | (460) | (498) | (3) |
| Purchases of property, plant and equipment | (77) | (61) | (57) |
| Capitalized software | (100) | (90) | (83) |
| Purchases of investment securities available-for-sale | (899) | (329) | (333) |
| Purchases of investment securities held-to-maturity | 0 | 0 | (300) |
| Proceeds from sales of investment securities available-for-sale | 485 | 297 | 98 |
| Proceeds from maturities of investment securities available-for-sale | 63 | 110 | 36 |
| Proceeds from maturities of investment securities held-to-maturity | 300 | 0 | 0 |
| Investment in nonmarketable equity investments | (74) | (67) | (18) |
| Other investing activities | 14 | (3) | (4) |
| Net cash used in investing activities | (748) | (641) | (664) |
| Financing Activities | |||
| Purchases of treasury stock | (1,148) | 0 | 0 |
| Payment of debt | (21) | 0 | (149) |
| Dividends paid | (77) | (79) | (79) |
| Tax benefit for share based compensation | 12 | 85 | 39 |
| Investment in (redemption of) non-controlling interest | 0 | 2 | (5) |
| Cash proceeds from exercise of stock options | 19 | 11 | 9 |
| Net cash (used in) provided by financing activities | (1,215) | 19 | (185) |
| Effect of exchange rate changes on cash and cash equivalents | (54) | (63) | 21 |
| Net increase in cash and cash equivalents | 667 | 1,012 | 550 |
| Cash and cash equivalents - beginning of period | 3,067 | 2,055 | |
| Cash and cash equivalents - end of period | 3,734 | 3,067 | 2,055 |
| External Links | |
| MASTERCARD INC (MA) Fiscal Year 2011 | |
| 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 |