10-K.Info (Beta Test)
Courtesy of Short Sands, LLC
10-K.Info (Beta Test)
Courtesy of Short Sands, LLC

VISA INC.

Ticker: V   Fiscal Year: 2014

CONSOLIDATED STATEMENTS OF CASH FLOWS

Period Ending Sept 30, 2014 10-K (Filed: Nov 21, 2014)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Sept 30, 2014Sept 30, 2013Sept 30, 2012
Operating Activities
Net income including non-controlling interest
$
5,438
4,9802,142
Adjustments to reconcile net income including non-controlling interest to net cash provided by (used in) operating activities:
Amortization of client incentives2,5922,3212,155
Share-based compensation172179147
Excess tax benefit for share-based compensation(90)(74)(71)
Depreciation and amortization of property, equipment, technology and intangible assets435397333
Deferred income taxes(580)1,527(1,690)
Litigation provision (Note 20)45334,101
Other3750(8)
Change in operating assets and liabilities:
Income tax receivable5137(67)
Settlement receivable13(345)(42)
Accounts receivable(53)(38)(161)
Client incentives(2,395)(2,336)(1,757)
Other assets(430)(543)41
Accounts payable(56)40(17)
Settlement payable107506270
Accrued and other liabilities513702(227)
Accrued litigation (Note 20)998(4,384)(140)
Net cash provided by operating activities7,2053,0225,009
 
Investing Activities
Purchases of property, equipment, technology and intangible assets(553)(471)(376)
Proceeds from disposal of property, equipment and technology002
Investment securities, available-for-sale:
Purchases(2,572)(3,164)(4,140)
Proceeds from maturities and sales2,3422,4402,093
Acquisitions, net of cash received(149)0(3)
Purchases of / contributions to other investments(9)(3)(12)
Proceeds / distributions from other investments03422
Net cash used in investing activities(941)(1,164)(2,414)
 
Financing Activities
Repurchase of class A common stock (Note 14)(4,118)(5,365)(710)
Dividends paid (Note 14)(1,006)(864)(595)
Deposits into litigation escrow accountretrospective responsibility plan (Note 3)(450)0(1,715)
(Return to) payments from litigation escrow accountretrospective responsibility plan (Note 3)(999)4,383140
Cash proceeds from exercise of stock options91108174
Restricted stock and performance-based shares settled in cash for taxes(86)(64)0
Excess tax benefit for share-based compensation907471
Payments for earn-out related to PlaySpan acquisition0(12)(14)
Principal payments on capital lease obligations0(6)(6)
Net cash used in financing activities(6,478)(1,746)(2,655)
 
Effect of exchange rate changes on cash and cash equivalents(1)07
(Decrease) increase in cash and cash equivalents(215)112(53)
 
Cash and cash equivalents at beginning of year2,1862,074
Cash and cash equivalents at end of year1,9712,1862,074
 
Supplemental Disclosure
Income taxes paid, net of refunds2,6565952,057
Non-cash accruals related to purchases of property, equipment, technology and intangible assets624667
External Links 
VISA INC. (V) Fiscal Year 2014
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