10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
VISA INC. | |||
Ticker: V Fiscal Year: 2021 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Sept 30, 2021 10-K (Filed: Nov 18, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 30, 2021 | Sept 30, 2020 | Sept 30, 2019 | |
| Operating Activities | |||
| Net income | $ 12,311 | 10,866 | 12,080 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
| Client incentives | 8,367 | 6,664 | 6,173 |
| Share-based compensation | 542 | 416 | 407 |
| Depreciation and amortization of property, equipment, technology and intangible assets | 804 | 767 | 656 |
| Deferred income taxes | 873 | 307 | 214 |
| VE territory covered losses incurred | (147) | (37) | (172) |
| (Gains) losses on equity investments, net | (712) | (101) | (131) |
| Other | (109) | (44) | (140) |
| Change in operating assets and liabilities: | |||
| Settlement receivable | (468) | 1,858 | (1,533) |
| Accounts receivable | (343) | (43) | (333) |
| Client incentives | (7,510) | (8,081) | (6,430) |
| Other assets | (147) | (402) | (310) |
| Accounts payable | 88 | 21 | (24) |
| Settlement payable | 679 | (2,384) | 1,931 |
| Accrued and other liabilities | 929 | 923 | 627 |
| Accrued litigation | 70 | (290) | (231) |
| Net cash provided by (used in) operating activities | 15,227 | 10,440 | 12,784 |
| Investing Activities | |||
| Purchases of property, equipment and technology | (705) | (736) | (756) |
| Investment securities: | |||
| Purchases | (5,111) | (2,075) | (2,653) |
| Proceeds from maturities and sales | 5,701 | 4,510 | 3,996 |
| Acquisitions, net of cash and restricted cash acquired | (75) | (77) | (699) |
| Purchases of / contributions to other investments | (71) | (267) | (501) |
| Other investing activities | 109 | 72 | 22 |
| Net cash provided by (used in) investing activities | (152) | 1,427 | (591) |
| Financing Activities | |||
| Repurchase of class A common stock | (8,676) | (8,114) | (8,607) |
| Repayments of debt | (3,000) | 0 | 0 |
| Dividends paid | (2,798) | (2,664) | (2,269) |
| Proceeds from issuance of senior notes | 0 | 7,212 | 0 |
| Payment of deferred purchase consideration related to the Visa Europe acquisition | 0 | 0 | (1,236) |
| Cash proceeds from issuance of class A common stock under employee equity plans | 208 | 190 | 162 |
| Restricted stock and performance-based shares settled in cash for taxes | (144) | (160) | (111) |
| Payments to settle derivative instruments | 0 | (333) | 0 |
| Other financing activities | 0 | (99) | 0 |
| Net cash provided by (used in) financing activities | (14,410) | (3,968) | (12,061) |
| Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents | (37) | 440 | (277) |
| Increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents | 628 | 8,339 | (145) |
| Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of year | 19,171 | 10,832 | |
| Cash, cash equivalents, restricted cash and restricted cash equivalents at end of year | 19,799 | 19,171 | 10,832 |
| Supplemental Disclosure | |||
| Cash paid for income taxes, net | 3,012 | 2,671 | 2,648 |
| Interest payments on debt | 643 | 537 | 537 |
| Accruals related to purchases of property, equipment and technology | 41 | 38 | 95 |
| External Links | |
| VISA INC. (V) 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 |