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: 2014 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 13, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Operating Activities | |||
| Net income | $ 3,617 | 3,116 | 2,759 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Amortization of customer and merchant incentives | 691 | 603 | 519 |
| Depreciation and amortization | 321 | 258 | 230 |
| Share-based payments | (15) | 63 | 0 |
| Deferred income taxes | (91) | (119) | 241 |
| Other | 52 | 67 | 52 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (164) | (42) | (121) |
| Income taxes receivable | (8) | 153 | (185) |
| Settlement due from customers | 185 | (194) | (500) |
| Prepaid expenses | (1,316) | (598) | (573) |
| Accrued litigation and legal settlements | (115) | 160 | (44) |
| Accounts payable | 61 | (20) | (2) |
| Settlement due to customers | (165) | 322 | 348 |
| Accrued expenses | 389 | 315 | 221 |
| Net change in other assets and liabilities | (35) | 51 | 3 |
| Net cash provided by operating activities | 3,407 | 4,135 | 2,948 |
| Investing Activities | |||
| Purchases of investment securities available-for-sale | (2,385) | (2,526) | (2,981) |
| Acquisition of businesses, net of cash acquired | (525) | 0 | (70) |
| Purchases of property, plant and equipment | (175) | (155) | (96) |
| Capitalized software | (159) | (144) | (122) |
| Proceeds from sales of investment securities available-for-sale | 2,477 | 1,488 | 390 |
| Proceeds from maturities of investment securities available-for-sale | 1,358 | 1,321 | 891 |
| Decrease (increase) in restricted cash for litigation settlement | 183 | 3 | (726) |
| Proceeds from maturities of investment securities held-to-maturity | 0 | 36 | 0 |
| Other investing activities | (84) | (27) | (125) |
| Net cash provided by (used in) investing activities | 690 | (4) | (2,839) |
| Financing Activities | |||
| Purchases of treasury stock | (3,386) | (2,443) | (1,748) |
| Proceeds from debt | 1,530 | 35 | 0 |
| Dividends paid | (515) | (255) | (132) |
| Tax benefit for share-based payments | 54 | 19 | 47 |
| Cash proceeds from exercise of stock options | 28 | 26 | 31 |
| Other financing activities | (50) | (11) | 4 |
| Net cash used in financing activities | (2,339) | (2,629) | (1,798) |
| Effect of exchange rate changes on cash and cash equivalents | (220) | 45 | 7 |
| Net increase (decrease) in cash and cash equivalents | 1,538 | 1,547 | (1,682) |
| Cash and cash equivalents - beginning of period | 3,599 | 2,052 | 3,734 |
| Cash and cash equivalents - end of period | 5,137 | 3,599 | 2,052 |
| External Links | |
| MASTERCARD INC (MA) Fiscal Year 2014 | |
| 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 |