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: 2017 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 14, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Operating Activities | |||
| Net income | $ 3,915 | 4,059 | 3,808 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Amortization of customer and merchant incentives | 1,001 | 860 | 764 |
| Depreciation and amortization | 437 | 373 | 366 |
| Share-based compensation | 176 | 149 | 122 |
| Tax benefit for share-based payments | 0 | (48) | (42) |
| Deferred income taxes | 86 | (20) | (16) |
| Venezuela charge | 167 | 0 | 0 |
| Other | 59 | 29 | (81) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (445) | (338) | (35) |
| Settlement due from customers | (281) | (10) | (98) |
| Prepaid expenses | (1,402) | (1,073) | (802) |
| Accrued litigation and legal settlements | (15) | 17 | (63) |
| Accounts payable | 290 | 145 | 49 |
| Settlement due to customers | 394 | 66 | (186) |
| Accrued expenses | 589 | 520 | 325 |
| Long-term taxes payable | 577 | 0 | 0 |
| Net change in other assets and liabilities | 7 | (194) | (10) |
| Net cash provided by operating activities | 5,555 | 4,535 | 4,101 |
| Investing Activities | |||
| Purchases of investment securities available-for-sale | (714) | (957) | (974) |
| Purchases of investments held-to-maturity | (1,145) | (867) | (918) |
| Proceeds from sales of investment securities available-for-sale | 304 | 277 | 703 |
| Proceeds from maturities of investment securities available-for-sale | 500 | 339 | 542 |
| Proceeds from maturities of investments held-to-maturity | 1,020 | 456 | 857 |
| Purchases of property, plant and equipment | (300) | (215) | (177) |
| Capitalized software | (123) | (167) | (165) |
| Acquisition of businesses, net of cash acquired | (1,175) | 0 | (584) |
| Investment in nonmarketable equity investments | (147) | (31) | 2 |
| Other investing activities | 1 | (2) | (1) |
| Net cash used in investing activities | (1,779) | (1,167) | (715) |
| Financing Activities | |||
| Purchases of treasury stock | (3,762) | (3,511) | (3,518) |
| Proceeds from debt | 0 | 1,972 | 1,735 |
| Payment of debt | (64) | 0 | 0 |
| Dividends paid | (942) | (837) | (727) |
| Tax benefit for share-based payments | 0 | 48 | 42 |
| Tax withholdings related to share-based payments | (47) | (51) | (58) |
| Cash proceeds from exercise of stock options | 57 | 37 | 27 |
| Other financing activities | (6) | (2) | (17) |
| Net cash used in financing activities | (4,764) | (2,344) | (2,516) |
| Effect of exchange rate changes on cash and cash equivalents | 200 | (50) | (260) |
| Net (decrease) increase in cash and cash equivalents | (788) | 974 | 610 |
| Cash and cash equivalents - beginning of period | 6,721 | 5,747 | |
| Cash and cash equivalents - end of period | 5,933 | 6,721 | 5,747 |
| External Links | |
| MASTERCARD INC (MA) Fiscal Year 2017 | |
| 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 |