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: 2015 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 12, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Operating Activities | |||
| Net income | $ 3,808 | 3,617 | 3,116 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Amortization of customer and merchant incentives | 764 | 691 | 603 |
| Depreciation and amortization | 366 | 321 | 258 |
| Share-based payments | 22 | (15) | 63 |
| Deferred income taxes | (16) | (91) | (119) |
| Other | (81) | 52 | 67 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (35) | (164) | (42) |
| Income taxes receivable | (14) | (8) | 153 |
| Settlement due from customers | (98) | 185 | (194) |
| Prepaid expenses | (802) | (1,316) | (598) |
| Accrued litigation and legal settlements | (63) | (115) | 160 |
| Accounts payable | 49 | 61 | (20) |
| Settlement due to customers | (186) | (165) | 322 |
| Accrued expenses | 325 | 389 | 315 |
| Net change in other assets and liabilities | 4 | (35) | 51 |
| Net cash provided by operating activities | 4,043 | 3,407 | 4,135 |
| Investing Activities | |||
| Purchases of investment securities available-for-sale | (974) | (2,385) | (2,526) |
| Purchases of other short-term investments held-to-maturity | (918) | 0 | 0 |
| Proceeds from sales of investment securities available-for-sale | 703 | 2,477 | 1,488 |
| Proceeds from maturities of investment securities available-for-sale | 542 | 1,358 | 1,321 |
| Proceeds from maturities of investment securities held-to-maturity | 857 | 0 | 36 |
| Purchases of property, plant and equipment | (177) | (175) | (155) |
| Capitalized software | (165) | (159) | (144) |
| Acquisition of businesses, net of cash acquired | (584) | (525) | 0 |
| (Increase) decrease in restricted cash for litigation settlement | (1) | 183 | 3 |
| Other investing activities | 2 | (84) | (27) |
| Net cash (used in) provided by investing activities | (715) | 690 | (4) |
| Financing Activities | |||
| Purchases of treasury stock | (3,518) | (3,386) | (2,443) |
| Proceeds from debt | 1,735 | 1,530 | 35 |
| Dividends paid | (727) | (515) | (255) |
| Tax benefit for share-based payments | 42 | 54 | 19 |
| Cash proceeds from exercise of stock options | 27 | 28 | 26 |
| Other financing activities | (17) | (50) | (11) |
| Net cash used in financing activities | (2,458) | (2,339) | (2,629) |
| Effect of exchange rate changes on cash and cash equivalents | (260) | (220) | 45 |
| Net increase in cash and cash equivalents | 610 | 1,538 | 1,547 |
| Cash and cash equivalents - beginning of period | 5,137 | 3,599 | |
| Cash and cash equivalents - end of period | 5,747 | 5,137 | 3,599 |
| External Links | |
| MASTERCARD INC (MA) Fiscal Year 2015 | |
| 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 |