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: 2016 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 15, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Operating Activities | |||
| Net income | $ 4,059 | 3,808 | 3,617 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Amortization of customer and merchant incentives | 860 | 764 | 691 |
| Depreciation and amortization | 373 | 366 | 321 |
| Share-based payments | 50 | 22 | (15) |
| Deferred income taxes | (20) | (16) | (91) |
| Other | 29 | (81) | 52 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (338) | (35) | (164) |
| Income taxes receivable | (1) | (14) | (8) |
| Settlement due from customers | (10) | (98) | 185 |
| Prepaid expenses | (1,073) | (802) | (1,316) |
| Accrued litigation and legal settlements | 17 | (63) | (115) |
| Accounts payable | 145 | 49 | 61 |
| Settlement due to customers | 66 | (186) | (165) |
| Accrued expenses | 520 | 325 | 389 |
| Net change in other assets and liabilities | (193) | 4 | (35) |
| Net cash provided by operating activities | 4,484 | 4,043 | 3,407 |
| Investing Activities | |||
| Purchases of investment securities available-for-sale | (957) | (974) | (2,385) |
| Purchases of investments held-to-maturity | (867) | (918) | 0 |
| Proceeds from sales of investment securities available-for-sale | 277 | 703 | 2,477 |
| Proceeds from maturities of investment securities available-for-sale | 339 | 542 | 1,358 |
| Proceeds from maturities of investments held-to-maturity | 456 | 857 | 0 |
| Purchases of property, plant and equipment | (215) | (177) | (175) |
| Capitalized software | (167) | (165) | (159) |
| Acquisition of businesses, net of cash acquired | 0 | (584) | (525) |
| (Increase) decrease in restricted cash for litigation settlement | (2) | (1) | 183 |
| Other investing activities | (31) | 2 | (84) |
| Net cash (used in) provided by investing activities | (1,167) | (715) | 690 |
| Financing Activities | |||
| Purchases of treasury stock | (3,511) | (3,518) | (3,386) |
| Proceeds from debt | 1,972 | 1,735 | 1,530 |
| Dividends paid | (837) | (727) | (515) |
| Tax benefit for share-based payments | 48 | 42 | 54 |
| Cash proceeds from exercise of stock options | 37 | 27 | 28 |
| Other financing activities | (2) | (17) | (50) |
| Net cash used in financing activities | (2,293) | (2,458) | (2,339) |
| Effect of exchange rate changes on cash and cash equivalents | (50) | (260) | (220) |
| Net increase in cash and cash equivalents | 974 | 610 | 1,538 |
| Cash and cash equivalents - beginning of period | 5,747 | 5,137 | |
| Cash and cash equivalents - end of period | 6,721 | 5,747 | 5,137 |
| External Links | |
| MASTERCARD INC (MA) Fiscal Year 2016 | |
| 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 |