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: 2022 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Sept 30, 2022 10-K (Filed: Nov 16, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 30, 2022 | Sept 30, 2021 | Sept 30, 2020 | |
| Operating Activities | |||
| Net income | $ 14,957 | 12,311 | 10,866 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
| Client incentives | 10,295 | 8,367 | 6,664 |
| Share-based compensation | 602 | 542 | 416 |
| Depreciation and amortization of property, equipment, technology and intangible assets | 861 | 804 | 767 |
| Deferred income taxes | (336) | 873 | 307 |
| VE territory covered losses incurred | (43) | (147) | (37) |
| (Gains) losses on equity investments, net | 264 | (712) | (101) |
| Other | (94) | (109) | (44) |
| Change in operating assets and liabilities: | |||
| Settlement receivable | (397) | (468) | 1,858 |
| Accounts receivable | (97) | (343) | (43) |
| Client incentives | (9,351) | (7,510) | (8,081) |
| Other assets | (666) | (147) | (402) |
| Accounts payable | 67 | 88 | 21 |
| Settlement payable | 1,256 | 679 | (2,384) |
| Accrued and other liabilities | 1,055 | 929 | 923 |
| Accrued litigation | 476 | 70 | (290) |
| Net cash provided by (used in) operating activities | 18,849 | 15,227 | 10,440 |
| Investing Activities | |||
| Purchases of property, equipment and technology | (970) | (705) | (736) |
| Investment securities: | |||
| Purchases | (5,997) | (5,111) | (2,075) |
| Proceeds from maturities and sales | 4,585 | 5,701 | 4,510 |
| Acquisitions, net of cash and restricted cash acquired | (1,948) | (75) | (77) |
| Purchases of other investments | (86) | (71) | (267) |
| Other investing activities | 128 | 109 | 72 |
| Net cash provided by (used in) investing activities | (4,288) | (152) | 1,427 |
| Financing Activities | |||
| Repurchase of class A common stock | (11,589) | (8,676) | (8,114) |
| Repayments of debt | (1,000) | (3,000) | 0 |
| Dividends paid | (3,203) | (2,798) | (2,664) |
| Proceeds from issuance of senior notes | 3,218 | 0 | 7,212 |
| Cash proceeds from issuance of class A common stock under equity plans | 196 | 208 | 190 |
| Restricted stock and performance-based shares settled in cash for taxes | (120) | (144) | (160) |
| Payments to settle derivative instruments | 0 | 0 | (333) |
| Other financing activities | (198) | 0 | (99) |
| Net cash provided by (used in) financing activities | (12,696) | (14,410) | (3,968) |
| Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents | (1,287) | (37) | 440 |
| Increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents | 578 | 628 | 8,339 |
| Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of year | 19,799 | 19,171 | |
| Cash, cash equivalents, restricted cash and restricted cash equivalents at end of year | 20,377 | 19,799 | 19,171 |
| Supplemental Disclosure | |||
| Cash paid for income taxes, net | 3,741 | 3,012 | 2,671 |
| Interest payments on debt | 607 | 643 | 537 |
| Accruals related to purchases of property, equipment and technology | 56 | 41 | 38 |
| External Links | |
| VISA INC. (V) Fiscal Year 2022 | |
| 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 |