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: 2021 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 11, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Operating Activities | |||
| Net income | $ 8,687 | 6,411 | 8,118 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Amortization of customer and merchant incentives | 1,371 | 1,072 | 1,141 |
| Depreciation and amortization | 726 | 580 | 522 |
| (Gains) losses on equity investments, net | (645) | (30) | (167) |
| Share-based compensation | 273 | 254 | 250 |
| Deferred income taxes | (69) | 73 | (7) |
| Other | 36 | 14 | 24 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (397) | (86) | (246) |
| Income taxes receivable | (87) | (2) | (202) |
| Settlement assets | 390 | 1,288 | (444) |
| Prepaid expenses | (2,087) | (1,552) | (1,661) |
| Accrued litigation and legal settlements | (1) | (73) | (662) |
| Restricted security deposits held for customers | 177 | 326 | 290 |
| Accounts payable | 100 | 26 | (42) |
| Settlement obligations | (568) | (1,242) | 477 |
| Accrued expenses | 1,355 | (114) | 657 |
| Long-term taxes payable | (52) | (37) | 2 |
| Net change in other assets and liabilities | 254 | 316 | 133 |
| Net cash provided by operating activities | 9,463 | 7,224 | 8,183 |
| Investing Activities | |||
| Purchases of investment securities available-for-sale | (389) | (220) | (643) |
| Purchases of investments held-to-maturity | (294) | (198) | (215) |
| Proceeds from sales of investment securities available-for-sale | 83 | 361 | 1,098 |
| Proceeds from maturities of investment securities available-for-sale | 291 | 140 | 376 |
| Proceeds from maturities of investments held-to-maturity | 296 | 121 | 383 |
| Purchases of property and equipment | (407) | (339) | (422) |
| Capitalized software | (407) | (369) | (306) |
| Purchases of equity investments | (228) | (214) | (467) |
| Proceeds from sales of equity investments | 186 | 0 | 0 |
| Acquisition of businesses, net of cash acquired | (4,436) | (989) | (1,440) |
| Settlement of interest rate derivative contracts | 0 | (175) | 0 |
| Other investing activities | 33 | 3 | (4) |
| Net cash used in investing activities | (5,272) | (1,879) | (1,640) |
| Financing Activities | |||
| Purchases of treasury stock | (5,904) | (4,473) | (6,497) |
| Dividends paid | (1,741) | (1,605) | (1,345) |
| Proceeds from debt, net | 2,024 | 3,959 | 2,724 |
| Payment of debt | (650) | 0 | (500) |
| Acquisition of redeemable non-controlling interests | 0 | (49) | 0 |
| Acquisition of non-controlling interest | (133) | 0 | 0 |
| Contingent consideration paid | (64) | 0 | (199) |
| Tax withholdings related to share-based payments | (133) | (150) | (161) |
| Cash proceeds from exercise of stock options | 61 | 97 | 126 |
| Other financing activities | (15) | 69 | (15) |
| Net cash used in financing activities | (6,555) | (2,152) | (5,867) |
| Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents | (153) | 257 | (44) |
| Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents | (2,517) | 3,450 | 632 |
| Cash, cash equivalents, restricted cash and restricted cash equivalents - beginning of period | 12,419 | 8,969 | |
| Cash, cash equivalents, restricted cash and restricted cash equivalents - end of period | 9,902 | 12,419 | 8,969 |
| External Links | |
| MASTERCARD INC (MA) Fiscal Year 2021 | |
| 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 |