Mastercard Incorporated (MA) FY2024 Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-07-01 to 2024-09-30

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Mastercard Incorporated cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $3,263,000,000.00Accrued expenses → Operating adjustments reconciliation: $1,086,000,000.00Settlement obligations → Operating adjustments reconciliation: $532,000,000.00Amortization of customer incentives → Operating adjustments reconciliation: $502,000,000.00Accounts receivable → Operating adjustments reconciliation: $333,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $225,000,000.00Share-based compensation → Operating adjustments reconciliation: $155,000,000.00Accrued litigation and legal settlements → Operating adjustments reconciliation: $138,000,000.00Restricted security deposits held for customers → Operating adjustments reconciliation: $96,000,000.00Net change in other assets and liabilities → Operating adjustments reconciliation: $80,000,000.00(Gains) losses on equity investments, net → Operating adjustments reconciliation: $62,000,000.00Accounts payable → Operating adjustments reconciliation: $50,000,000.00Other → Operating adjustments reconciliation: $37,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $1,873,000,000.00Operating adjustments reconciliation → Prepaid expenses: $796,000,000.00Operating adjustments reconciliation → Settlement assets: $459,000,000.00Operating adjustments reconciliation → Deferred income taxes: $168,000,000.00Proceeds from sales of investment securities available-for-sale → investing reconciliation: $113,000,000.00Proceeds from maturities of investment securities available-for-sale → investing reconciliation: $65,000,000.00Proceeds from maturities of investments held-to-maturity → investing reconciliation: $57,000,000.00Other investing activities → investing reconciliation: $1,000,000.00investing reconciliation → Purchases of investment securities available-for-sale: $195,000,000.00investing reconciliation → Capitalized software: $163,000,000.00investing reconciliation → Purchases of property and equipment: $107,000,000.00investing reconciliation → Purchases of investments held-to-maturity: $17,000,000.00investing reconciliation → Purchases of equity investments: $10,000,000.00Net cash used in financing activities → financing reconciliation: $857,000,000.00Proceeds from debt, net → financing reconciliation: $2,977,000,000.00Cash proceeds from exercise of stock options → financing reconciliation: $48,000,000.00financing reconciliation → Purchases of treasury stock: $2,934,000,000.00financing reconciliation → Dividends paid: $611,000,000.00financing reconciliation → Payment of debt: $336,000,000.00financing reconciliation → Tax withholdings related to share-based payments: $1,000,000.00Net cash used in investing activities → investing reconciliation: $256,000,000.00Exchange-rate effect → Cash sources and uses: $142,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $8,802,000,000.00Net cash from operating activities → Cash sources and uses: $5,136,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $12,967,000,000.00Cash sources and uses → Net cash used in investing activities: $256,000,000.00Cash sources and uses → Net cash used in financing activities: $857,000,000.00Net income: $3,263,000,000.00Net income+$3.26 BAmortization of customer incentives: $502,000,000.00Customer incentive amort.+$502.00 MDepreciation and amortization: $225,000,000.00D&A and accretion+$225.00 M(Gains) losses on equity investments, net: $62,000,000.00Realized equity gain & loss+$62.00 MShare-based compensation: $155,000,000.00Stock-based compensation+$155.00 MDeferred income taxes: -$168,000,000.00Deferred income taxes−$168.00 MOther: $37,000,000.00Other non-cash items+$37.00 MAccounts receivable: $333,000,000.00Accounts receivable+$333.00 MSettlement assets: -$459,000,000.00Settlement assets−$459.00 MPrepaid expenses: -$796,000,000.00Prepaid expenses−$796.00 MAccrued litigation and legal settlements: $138,000,000.00Accrued litigation & settlements+$138.00 MRestricted security deposits held for customers: $96,000,000.00Deferred revenue+$96.00 MAccounts payable: $50,000,000.00Accounts payable+$50.00 MSettlement obligations: $532,000,000.00Settlement obligations+$532.00 MAccrued expenses: $1,086,000,000.00Accrued liabilities+$1.09 BNet change in other assets and liabilities: $80,000,000.00Other working capital, net+$80.00 MNet cash from operating activities: $5,136,000,000.00Operating cash+$5.14 BOperating adjustments reconciliation: $3,296,000,000.00Purchases of treasury stock: -$2,934,000,000.00Common stock repurchases−$2.93 BDividends paid: -$611,000,000.00Dividends paid−$611.00 MProceeds from debt, net: $2,977,000,000.00Debt issued+$2.98 BPayment of debt: -$336,000,000.00Debt repaid−$336.00 MTax withholdings related to share-based payments: -$1,000,000.00Stock-award tax withholding−$1.00 MCash proceeds from exercise of stock options: $48,000,000.00Stock option exercises+$48.00 MNet cash used in financing activities: -$857,000,000.00. Cash required to fund net payments.Financing cash−$857.00 Mfinancing reconciliation: $3,882,000,000.00Proceeds from maturities of investment securities available-for-sale: $65,000,000.00AFS securities maturities+$65.00 MProceeds from maturities of investments held-to-maturity: $57,000,000.00HTM securities maturities+$57.00 MProceeds from sales of investment securities available-for-sale: $113,000,000.00AFS securities sales+$113.00 MPurchases of investments held-to-maturity: -$17,000,000.00HTM investment purchases−$17.00 MPurchases of property and equipment: -$107,000,000.00PP&E purchases−$107.00 MPurchases of investment securities available-for-sale: -$195,000,000.00AFS securities purchases−$195.00 MOther investing activities: $1,000,000.00Other investing, net+$1.00 MProceeds from sales of equity investments: $0.00Capitalized software: -$163,000,000.00Software purchases−$163.00 MPurchases of equity investments: -$10,000,000.00Purchases of equity investments−$10.00 MNet cash used in investing activities: -$256,000,000.00. Cash required to fund net payments.Investing cash−$256.00 Minvesting reconciliation: $492,000,000.00Cash sources and uses: $14,080,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $8,802,000,000.00Beginning cash$8.80 BEnding cash: Cash, cash equivalents, and restricted cash: $12,967,000,000.00Ending cash$12.97 BExchange-rate effect: $142,000,000.00FX effect+$142.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$5.03 BOperating cash − cash spent on PP&ECash flow / Net income1.57×Operating cash flow ÷ net incomeNet cash change+$4.17 BEnding cash − beginning cash
Chart details

Mastercard Incorporated cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024

Cash flows for Jul 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jun 30, 2024. Ending cash: Sep 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Jun 30, 2024
8,802,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
5,136,000,000 US dollars. Net cash provided.
Net income
3,263,000,000 US dollars
Amortization of customer incentives
502,000,000 US dollars
Depreciation and amortization
225,000,000 US dollars
(Gains) losses on equity investments, net
62,000,000 US dollars
Share-based compensation
155,000,000 US dollars
Deferred income taxes
negative 168,000,000 US dollars
Other
37,000,000 US dollars
Accounts receivable
333,000,000 US dollars
Settlement assets
negative 459,000,000 US dollars
Prepaid expenses
negative 796,000,000 US dollars
Accrued litigation and legal settlements
138,000,000 US dollars
Restricted security deposits held for customers
96,000,000 US dollars
Accounts payable
50,000,000 US dollars
Settlement obligations
532,000,000 US dollars
Accrued expenses
1,086,000,000 US dollars
Net change in other assets and liabilities
80,000,000 US dollars
Investing activities
negative 256,000,000 US dollars. Net cash used.
Proceeds from maturities of investment securities available-for-sale
65,000,000 US dollars
Proceeds from maturities of investments held-to-maturity
57,000,000 US dollars
Proceeds from sales of investment securities available-for-sale
113,000,000 US dollars
Purchases of investments held-to-maturity
negative 17,000,000 US dollars
Purchases of property and equipment
negative 107,000,000 US dollars
Purchases of investment securities available-for-sale
negative 195,000,000 US dollars
Other investing activities
1,000,000 US dollars
Proceeds from sales of equity investments
0 US dollars
Capitalized software
negative 163,000,000 US dollars
Purchases of equity investments
negative 10,000,000 US dollars
Financing activities
negative 857,000,000 US dollars. Net cash used.
Purchases of treasury stock
negative 2,934,000,000 US dollars
Dividends paid
negative 611,000,000 US dollars
Proceeds from debt, net
2,977,000,000 US dollars
Payment of debt
negative 336,000,000 US dollars
Tax withholdings related to share-based payments
negative 1,000,000 US dollars
Cash proceeds from exercise of stock options
48,000,000 US dollars
Operating adjustment reconciliation
3,296,000,000 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
3,882,000,000 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
492,000,000 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
142,000,000 US dollars
Ending cash on Sep 30, 2024
12,967,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
14,080,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
4,165,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.57×. 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
5,136,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
107,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
5,029,000,000 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 $1.87B 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: 5,136,000,000 US dollars minus 107,000,000 US dollars equals 5,029,000,000 US dollars.
Mastercard Incorporated (MA) FY2024 Q3 Statement of Cash Flows Sankey chart
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