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: 2020 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 12, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Operating Activities | |||
| Net income | $ 6,411 | 8,118 | 5,859 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Amortization of customer and merchant incentives | 1,072 | 1,141 | 1,235 |
| Depreciation and amortization | 580 | 522 | 459 |
| (Gains) losses on equity investments, net | (30) | (167) | 0 |
| Share-based compensation | 254 | 250 | 196 |
| Deferred income taxes | 73 | (7) | (244) |
| Other | 14 | 24 | 31 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (86) | (246) | (317) |
| Income taxes receivable | (2) | (202) | (120) |
| Settlement due from customers | 1,288 | (444) | (1,078) |
| Prepaid expenses | (1,552) | (1,661) | (1,769) |
| Accrued litigation and legal settlements | (73) | (662) | 869 |
| Restricted security deposits held for customers | 326 | 290 | (6) |
| Accounts payable | 26 | (42) | 101 |
| Settlement due to customers | (1,242) | 477 | 849 |
| Accrued expenses | (114) | 657 | 439 |
| Long-term taxes payable | (37) | 2 | (20) |
| Net change in other assets and liabilities | 316 | 133 | (261) |
| Net cash provided by operating activities | 7,224 | 8,183 | 6,223 |
| Investing Activities | |||
| Purchases of investment securities available-for-sale | (220) | (643) | (1,300) |
| Purchases of investments held-to-maturity | (198) | (215) | (509) |
| Proceeds from sales of investment securities available-for-sale | 361 | 1,098 | 604 |
| Proceeds from maturities of investment securities available-for-sale | 140 | 376 | 379 |
| Proceeds from maturities of investments held-to-maturity | 121 | 383 | 929 |
| Purchases of property and equipment | (339) | (422) | (330) |
| Capitalized software | (369) | (306) | (174) |
| Purchases of equity investments | (214) | (467) | (91) |
| Acquisition of businesses, net of cash acquired | (989) | (1,440) | 0 |
| Settlement of interest rate derivative contracts | (175) | 0 | 0 |
| Other investing activities | 3 | (4) | (14) |
| Net cash used in investing activities | (1,879) | (1,640) | (506) |
| Financing Activities | |||
| Purchases of treasury stock | (4,473) | (6,497) | (4,933) |
| Dividends paid | (1,605) | (1,345) | (1,044) |
| Proceeds from debt, net | 3,959 | 2,724 | 991 |
| Payment of debt | 0 | (500) | 0 |
| Acquisition of redeemable non-controlling interests | (49) | 0 | 0 |
| Contingent consideration paid | 0 | (199) | 0 |
| Tax withholdings related to share-based payments | (150) | (161) | (80) |
| Cash proceeds from exercise of stock options | 97 | 126 | 104 |
| Other financing activities | 69 | (15) | (4) |
| Net cash used in financing activities | (2,152) | (5,867) | (4,966) |
| Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents | 257 | (44) | (6) |
| Net increase in cash, cash equivalents, restricted cash and restricted cash equivalents | 3,450 | 632 | 745 |
| Cash, cash equivalents, restricted cash and restricted cash equivalents - beginning of period | 8,969 | 8,337 | |
| Cash, cash equivalents, restricted cash and restricted cash equivalents - end of period | 12,419 | 8,969 | 8,337 |
| External Links | |
| MASTERCARD INC (MA) Fiscal Year 2020 | |
| 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 |