# Mastercard Incorporated (MA) FY2024 Annual Statement of Cash Flows

- Company: Mastercard Incorporated (MA)
- Period: 2024-01-01 to 2024-12-31
- Filing: FY2024 10-K, filed 2025-02-12, accession number 0001141391-25-000011
- Page: https://plicit.ai/financials/ma/fy2024-annual-cash-flow
- Chart image: https://plicit.ai/charts/ma-fy2024-annual-cash-flow-sankey.png

## Chart details

Cash flows for Jan 1, 2024 through Dec 31, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2023. Ending cash: Dec 31, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

- **Beginning cash on Dec 31, 2023**: 10,465,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- **Operating activities**: 14,780,000,000 US dollars. Net cash provided.
- **Deferred income taxes**: negative 527,000,000 US dollars
- **Long-term taxes payable**: negative 163,000,000 US dollars
- **Settlement obligations**: 922,000,000 US dollars
- **Income taxes receivable**: negative 165,000,000 US dollars
- **Amortization of customer incentives**: 1,830,000,000 US dollars
- **Depreciation and amortization**: 897,000,000 US dollars
- **Prepaid expenses**: negative 3,225,000,000 US dollars
- **Accounts payable**: 75,000,000 US dollars
- **(Gains) losses on equity investments, net**: 29,000,000 US dollars
- **Settlement assets**: negative 593,000,000 US dollars
- **Net Income**: 12,874,000,000 US dollars
- **Accrued expenses**: 1,587,000,000 US dollars
- **Net change in other assets and liabilities**: 102,000,000 US dollars
- **Accrued litigation and legal settlements**: 205,000,000 US dollars
- **Restricted security deposits held for customers**: 29,000,000 US dollars
- **Accounts receivable**: 186,000,000 US dollars
- **Share-based compensation**: 526,000,000 US dollars
- **Other**: 191,000,000 US dollars
- **Investing activities**: negative 3,402,000,000 US dollars. Net cash used.
- **Proceeds from maturities of investments held-to-maturity**: 378,000,000 US dollars
- **Proceeds from sales of investment securities available-for-sale**: 199,000,000 US dollars
- **Proceeds from maturities of investment securities available-for-sale**: 262,000,000 US dollars
- **Other investing activities**: negative 3,000,000 US dollars
- **Acquisition of businesses, net of cash acquired**: negative 2,511,000,000 US dollars
- **Purchases of equity investments**: negative 42,000,000 US dollars
- **Purchases of investment securities available-for-sale**: negative 508,000,000 US dollars
- **Purchases of investments held-to-maturity**: negative 108,000,000 US dollars
- **Capitalized software**: negative 720,000,000 US dollars
- **Proceeds from sales of equity investments**: 125,000,000 US dollars
- **Purchases of property and equipment**: negative 474,000,000 US dollars
- **Financing activities**: negative 10,836,000,000 US dollars. Net cash used.
- **Purchases of treasury stock**: negative 11,035,000,000 US dollars
- **Dividends paid**: negative 2,448,000,000 US dollars
- **Other financing activities**: negative 23,000,000 US dollars
- **Cash proceeds from employee stock plans**: 224,000,000 US dollars
- **Tax withholdings related to share-based payments**: negative 178,000,000 US dollars
- **Payment of debt**: negative 1,336,000,000 US dollars
- **Proceeds from debt, net**: 3,960,000,000 US dollars
- **Operating adjustment reconciliation**: 6,579,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- **financing gross reconciliation**: 15,020,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- **investing gross reconciliation**: 4,366,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- **Exchange-rate effect**: negative 199,000,000 US dollars
- **Ending cash on Dec 31, 2024**: 10,808,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- **Cash sources and uses**: 25,245,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- **Net cash change**: 343,000,000 US dollars. Ending cash minus beginning cash.
- **Cash flow / Net income**: 1.15×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
- **Operating cash flow**: 14,780,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
- **Cash purchases of property, plant and equipment**: 474,000,000 US dollars. These cash purchases are already included in investing activities above.
- **Free cash flow**: 14,306,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

### Chart connections

- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $1.91B after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 14,780,000,000 US dollars minus 474,000,000 US dollars equals 14,306,000,000 US dollars.