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: 2019 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 14, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Operating Activities | |||
| Net income | $ 8,118 | 5,859 | 3,915 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Amortization of customer and merchant incentives | 1,141 | 1,235 | 1,001 |
| Depreciation and amortization | 522 | 459 | 437 |
| (Gains) losses on equity investments, net | (167) | 0 | 0 |
| Share-based compensation | 250 | 196 | 176 |
| Deferred income taxes | (7) | (244) | 86 |
| Venezuela charge | 0 | 0 | 167 |
| Other | 24 | 31 | 59 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (246) | (317) | (445) |
| Income taxes receivable | (202) | (120) | (8) |
| Settlement due from customers | (444) | (1,078) | (281) |
| Prepaid expenses | (1,661) | (1,769) | (1,402) |
| Accrued litigation and legal settlements | (662) | 869 | (12) |
| Restricted security deposits held for customers | 290 | (6) | 94 |
| Accounts payable | (42) | 101 | 290 |
| Settlement due to customers | 477 | 849 | 394 |
| Accrued expenses | 657 | 439 | 589 |
| Long-term taxes payable | 2 | (20) | 577 |
| Net change in other assets and liabilities | 133 | (261) | 27 |
| Net cash provided by operating activities | 8,183 | 6,223 | 5,664 |
| Investing Activities | |||
| Purchases of investment securities available-for-sale | (643) | (1,300) | (714) |
| Purchases of investments held-to-maturity | (215) | (509) | (1,145) |
| Proceeds from sales of investment securities available-for-sale | 1,098 | 604 | 304 |
| Proceeds from maturities of investment securities available-for-sale | 376 | 379 | 500 |
| Proceeds from maturities of investments held-to-maturity | 383 | 929 | 1,020 |
| Purchases of property and equipment | (422) | (330) | (300) |
| Capitalized software | (306) | (174) | (123) |
| Purchases of equity investments | (467) | (91) | (147) |
| Acquisition of businesses, net of cash acquired | (1,440) | 0 | (1,175) |
| Other investing activities | (4) | (14) | (1) |
| Net cash used in investing activities | (1,640) | (506) | (1,781) |
| Financing Activities | |||
| Purchases of treasury stock | (6,497) | (4,933) | (3,762) |
| Dividends paid | (1,345) | (1,044) | (942) |
| Proceeds from debt | 2,724 | 991 | 0 |
| Payment of debt | (500) | 0 | (64) |
| Contingent consideration paid | (199) | 0 | 0 |
| Tax withholdings related to share-based payments | (161) | (80) | (47) |
| Cash proceeds from exercise of stock options | 126 | 104 | 57 |
| Other financing activities | (15) | (4) | (6) |
| Net cash used in financing activities | (5,867) | (4,966) | (4,764) |
| Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents | (44) | (6) | 200 |
| Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents | 632 | 745 | (681) |
| Cash, cash equivalents, restricted cash and restricted cash equivalents - beginning of period | 8,337 | 7,592 | |
| Cash, cash equivalents, restricted cash and restricted cash equivalents - end of period | 8,969 | 8,337 | 7,592 |
| External Links | |
| MASTERCARD INC (MA) Fiscal Year 2019 | |
| 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 |