MA Stock Cash Flow Statements

Mastercard Quarterly Cash Flow Statements Chart

Quarterly

Annual

Stock-Based Compensation

Operating Cash Flow

Investing Cash Flow

Financing Cash Flow

Free Cash Flow

Capital Expenditure

Mastercard Quarterly Cash Flow Statements Table

Quarterly

Annual

Unit: USD	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30

operating activities
net income	3,701,000,000	3,280,000,000	3,342,000,000	3,263,000,000	3,258,000,000	3,011,000,000	2,791,000,000	3,198,000,000	2,845,000,000	2,361,000,000	2,525,000,000	2,499,000,000	2,275,000,000	2,631,000,000	2,379,000,000	2,414,000,000	2,066,000,000	1,828,000,000	1,785,000,000	1,513,000,000	1,420,000,000	1,693,000,000	2,100,000,000	2,108,000,000	2,048,000,000	1,862,000,000	899,000,000	1,899,000,000	1,569,000,000	1,492,000,000	227,000,000	1,430,000,000	1,177,000,000	1,081,000,000	933,000,000	1,184,000,000	983,000,000	959,000,000	890,000,000	977,000,000	921,000,000	1,020,000,000	801,000,000	1,015,000,000	931,000,000	870,000,000	623,000,000	879,000,000	848,000,000	766,000,000	605,000,000	772,000,000	700,000,000	681,000,000	18,000,000	716,000,000	608,000,000	562,000,000	415,000,000	519,000,000	458,000,000	455,000,000	294,395,000	452,140,000	348,879,000	367,210,000	239,442,000	-193,582,000	-746,653,000	446,878,000	304,233,000	314,462,000	252,285,000	214,906,000	40,902,000	193,004,000	-310,460,000	126,744,000	-52,908,000	-67,128,000	74,399,000	32,327,000	-425,391,000	-51,486,000	77,930,000
adjustments to reconcile net income to net cash from operating activities:
amortization of customer incentives	517,000,000	476,000,000	502,000,000	502,000,000	415,000,000	411,000,000
depreciation and amortization	281,000,000	275,000,000	231,000,000	225,000,000	225,000,000	216,000,000	205,000,000	211,000,000	192,000,000	191,000,000	184,000,000	185,000,000	189,000,000	192,000,000	189,000,000	188,000,000	186,000,000	163,000,000	150,000,000	141,000,000	145,000,000	144,000,000	146,000,000	137,000,000	122,000,000	117,000,000	113,000,000	111,000,000	115,000,000	120,000,000	116,000,000	118,000,000	111,000,000	92,000,000	92,000,000	93,000,000	93,000,000	95,000,000	93,000,000	94,000,000	92,000,000	87,000,000	84,000,000	83,000,000	81,000,000	73,000,000	71,000,000	64,000,000	61,000,000	62,000,000	62,000,000	58,000,000	56,000,000	54,000,000	52,000,000	51,000,000	49,000,000	42,000,000	42,000,000	36,000,000	35,000,000	35,000,000	38,427,000	36,242,000	35,721,000	30,987,000	30,050,000	28,742,000	27,950,000	25,264,000	26,152,000	22,274,000	25,028,000	24,188,000	24,730,000	25,139,000
(gains) losses on equity investments	-4,000,000	29,000,000	-40,000,000	62,000,000	13,000,000	-6,000,000	-34,000,000	6,000,000	-123,000,000	212,000,000	12,000,000	-60,000,000	117,000,000	76,000,000	-111,000,000	-197,000,000	-243,000,000	-94,000,000	-220,000,000	91,000,000	-75,000,000	174,000,000	-119,000,000	100,000,000
share-based compensation	179,000,000	129,000,000	108,000,000	155,000,000	155,000,000	108,000,000	86,000,000	131,000,000	135,000,000	108,000,000	22,000,000	98,000,000	101,000,000	74,000,000	32,000,000	89,000,000	87,000,000	65,000,000	52,000,000	75,000,000	75,000,000	52,000,000	43,000,000	77,000,000	73,000,000	57,000,000	43,000,000	55,000,000	55,000,000	43,000,000	39,000,000	49,000,000	49,000,000	39,000,000
deferred income taxes	44,000,000	37,000,000	-266,000,000	-168,000,000	-96,000,000	3,000,000	3,000,000	-263,000,000	153,000,000	-129,000,000	-62,000,000	-123,000,000	-146,000,000	-320,000,000	-20,000,000	-34,000,000	-48,000,000	33,000,000	66,000,000	-22,000,000	3,000,000	26,000,000	-21,000,000	-51,000,000	27,000,000	38,000,000	-35,000,000	-102,000,000	-61,000,000	-46,000,000	142,000,000	-33,000,000	-31,000,000	8,000,000	-19,000,000	7,000,000	12,000,000	-20,000,000	-34,000,000	17,000,000	-36,000,000	37,000,000	-11,000,000	-3,000,000	-10,000,000	-67,000,000	-85,000,000	-2,000,000	-27,000,000	-5,000,000	281,000,000	15,000,000	-41,000,000	-14,000,000	-311,000,000	42,000,000	39,000,000	55,000,000	90,000,000	48,000,000	61,000,000	49,000,000	132,406,000	120,094,000	43,893,000	40,311,000	47,502,000	42,473,000	-541,945,000	-31,982,000	2,678,000	-6,613,000	-21,001,000	19,444,000	13,305,000	26,332,000	-14,093,000	6,723,000	1,126,000	-25,833,000	-2,821,000	-4,790,000	-207,222,000	-183,000
other	22,000,000	38,000,000	74,000,000	37,000,000	48,000,000	32,000,000	-66,000,000	51,000,000	35,000,000	2,000,000	4,000,000	22,000,000	13,000,000	5,000,000	2,000,000	2,000,000	21,000,000	11,000,000	-1,000,000	47,000,000	-52,000,000	20,000,000	3,000,000	9,000,000	6,000,000	6,000,000	20,000,000	6,000,000	4,000,000	1,000,000	37,000,000	-13,000,000	26,000,000	9,000,000	53,000,000	4,000,000	-13,000,000	-15,000,000	-114,000,000	56,000,000	14,000,000	-37,000,000	28,000,000	2,000,000	20,000,000	2,000,000	19,000,000	19,000,000	13,000,000	16,000,000	18,000,000	11,000,000	15,000,000	9,000,000	12,000,000	-6,000,000	6,000,000	2,000,000	-4,000,000	1,000,000	2,000,000	3,000,000	923,000	-12,284,000	1,558,000	-2,318,000	5,163,000	4,274,000	2,658,000	2,550,000	6,266,000	4,235,000	2,224,000	2,396,000	2,306,000	2,903,000	2,387,000	2,150,000	1,943,000	1,400,000	4,200,000	80,000	70,000
changes in operating assets and liabilities:
accounts receivable	-99,000,000	-118,000,000	87,000,000	333,000,000	-15,000,000	-219,000,000	-62,000,000	-216,000,000	-230,000,000	-38,000,000	-155,000,000	-69,000,000	-391,000,000	134,000,000	-163,000,000	-76,000,000	-88,000,000	-70,000,000	-198,000,000	-187,000,000	302,000,000	-3,000,000	32,000,000	49,000,000	-7,000,000	-320,000,000	0	-122,000,000	-115,000,000	-80,000,000	-124,000,000	-135,000,000	-66,000,000	-120,000,000	-148,000,000	-90,000,000	-13,000,000	-87,000,000	-8,000,000	24,000,000	-21,000,000	-30,000,000	-68,000,000	25,000,000	-106,000,000	-15,000,000	25,000,000	-31,000,000	-11,000,000	-25,000,000	-9,000,000	-61,000,000	-58,000,000	7,000,000	-62,000,000	-78,000,000	-20,000,000	-2,000,000	-62,000,000	-41,000,000	-31,000,000	19,000,000	-39,919,000	51,981,000	8,866,000	101,517,000	-39,836,000	-60,042,000	-32,178,000	16,369,000	7,671,000	-45,514,000	-27,178,000	4,037,000	-3,009,000	-33,021,000	-83,393,000	25,995,000	20,748,000
settlement assets	-294,000,000	-296,000,000	150,000,000	-459,000,000	133,000,000	-417,000,000	-111,000,000	259,000,000	-143,000,000	35,000,000	-250,000,000	43,000,000	37,000,000	218,000,000
prepaid expenses	-780,000,000	-1,458,000,000	-449,000,000	-796,000,000	-490,000,000	-1,490,000,000	-601,000,000	-551,000,000	-525,000,000	-761,000,000	-703,000,000	-439,000,000	-592,000,000	-441,000,000	-345,000,000	-747,000,000	-433,000,000	-562,000,000	-261,000,000	-612,000,000	-348,000,000	-331,000,000	-221,000,000	-425,000,000	-518,000,000	-497,000,000	-595,000,000	-331,000,000	-468,000,000	-375,000,000	-116,000,000	-306,000,000	-320,000,000	-660,000,000	-255,000,000	-296,000,000	-342,000,000	-180,000,000	-98,000,000	-182,000,000	-465,000,000	-57,000,000	-1,160,000,000	6,000,000	-119,000,000	-43,000,000	-26,000,000	68,000,000	-105,000,000	-7,000,000	41,000,000	18,000,000	-87,000,000	-53,000,000	-12,000,000	112,000,000	-133,000,000	60,000,000	-2,000,000	22,000,000	-72,000,000	4,000,000	-54,323,000	11,565,000			40,658,000	-64,332,000	-13,268,000	-28,280,000	12,798,000	3,990,000	-4,953,000	-31,694,000	24,477,000	32,441,000	9,782,000	-24,077,000
accrued litigation and legal settlements	-38,000,000	119,000,000	264,000,000	138,000,000	-70,000,000	-127,000,000	246,000,000	-601,000,000	-29,000,000	9,000,000	-9,000,000	164,000,000	128,000,000	-43,000,000	3,000,000	-67,000,000	65,000,000	-2,000,000	43,000,000	-55,000,000	1,000,000	-62,000,000	-25,000,000	4,000,000	-642,000,000	1,000,000	667,000,000	-29,000,000	120,000,000	111,000,000	-1,000,000	-28,000,000	1,000,000	13,000,000	5,000,000	-95,000,000	101,000,000	6,000,000	-3,000,000	-11,000,000	-9,000,000	-40,000,000	-18,000,000	-10,000,000	-60,000,000	-27,000,000
restricted security deposits held for customers	99,000,000	26,000,000	6,000,000	96,000,000	-89,000,000	16,000,000	37,000,000	85,000,000	115,000,000	40,000,000	37,000,000	-90,000,000	-108,000,000	-144,000,000	41,000,000	26,000,000	47,000,000	63,000,000	128,000,000	20,000,000	30,000,000	148,000,000	197,000,000	112,000,000	16,000,000	-35,000,000	45,000,000	42,000,000	48,000,000	-141,000,000
accounts payable	-248,000,000	80,000,000	16,000,000	50,000,000	30,000,000	-21,000,000	220,000,000	-32,000,000	-103,000,000	-184,000,000	281,000,000	19,000,000	-54,000,000	-56,000,000	174,000,000	18,000,000	-77,000,000	-15,000,000	171,000,000	-63,000,000	20,000,000	-102,000,000	-6,000,000	69,000,000	-83,000,000	-22,000,000	145,000,000	42,000,000	-24,000,000	-62,000,000	205,000,000	61,000,000	-33,000,000	57,000,000	178,000,000	-15,000,000	57,000,000	-75,000,000	80,000,000	-68,000,000	36,000,000	1,000,000	100,000,000	-68,000,000	75,000,000	-46,000,000	56,000,000	21,000,000	-4,000,000	-93,000,000	34,000,000	-9,000,000	61,000,000	-88,000,000	75,000,000	-42,000,000	26,000,000	8,000,000	26,000,000	-7,000,000	-2,000,000	-36,000,000	13,372,000	15,629,000	2,309,000	2,921,000	40,296,000	-31,599,000	-10,318,000	10,046,000	5,459,000	7,205,000	4,768,000	-48,082,000	83,687,000	-10,123,000	28,524,000	-12,706,000	3,376,000
settlement obligations	232,000,000	124,000,000	191,000,000	532,000,000	-231,000,000	430,000,000	401,000,000	-150,000,000	272,000,000	-241,000,000	55,000,000	385,000,000	127,000,000	-366,000,000
accrued expenses	581,000,000	-784,000,000	916,000,000	1,086,000,000	31,000,000	-446,000,000	528,000,000	750,000,000	-201,000,000	-506,000,000	550,000,000	920,000,000	464,000,000	-746,000,000	663,000,000	665,000,000	190,000,000	-163,000,000	285,000,000	456,000,000	-233,000,000	-622,000,000	391,000,000	279,000,000	470,000,000	-483,000,000	-22,000,000	380,000,000	221,000,000	-140,000,000	209,000,000	384,000,000	-14,000,000	10,000,000	273,000,000			27,000,000	324,000,000	121,000,000	94,000,000	-214,000,000	329,000,000	269,000,000	-238,000,000	29,000,000	106,000,000	296,000,000	-57,000,000	-30,000,000	92,000,000	179,000,000	-51,000,000	1,000,000	133,000,000	247,000,000	48,000,000	-132,000,000	237,000,000	137,000,000	25,000,000	-134,000,000	56,729,000	83,895,000	47,997,000	-106,545,000	-5,097,000	196,990,000	-149,082,000	-5,994,000	104,072,000	66,120,000	84,952,000	-78,428,000	85,833,000	86,640,000	58,110,000	-143,724,000	95,563,000
net change in other assets and liabilities	410,000,000	423,000,000	30,000,000	80,000,000	-179,000,000	171,000,000	361,000,000	-59,000,000	-99,000,000	442,000,000	329,000,000	-83,000,000	-85,000,000	138,000,000	153,000,000	-86,000,000	169,000,000	18,000,000	-46,000,000	-36,000,000	180,000,000	218,000,000	116,000,000	-75,000,000	-125,000,000	217,000,000	-76,000,000	-11,000,000	-218,000,000	44,000,000	-121,000,000	-4,000,000	61,000,000	71,000,000	-319,000,000	30,000,000	-13,000,000	109,000,000	-215,000,000	123,000,000	70,000,000	26,000,000	-141,000,000	24,000,000	32,000,000	50,000,000	25,000,000	39,000,000	10,000,000	52,000,000	-4,000,000	16,000,000	4,000,000	14,000,000	24,000,000	-33,000,000	-6,000,000	67,000,000	-22,000,000	24,000,000	-24,000,000	28,000,000	-91,878,000	-30,790,000	55,102,000	27,168,000	27,073,000	-34,490,000	53,434,000	30,167,000	-695,000	30,891,000	-1,014,000	11,975,000	23,820,000	12,566,000	-1,371,000	10,189,000	-30,134,000
net cash from operating activities	4,603,000,000	2,380,000,000	4,834,000,000	5,136,000,000	3,138,000,000	1,672,000,000	4,130,000,000	3,233,000,000	2,698,000,000	1,919,000,000	3,100,000,000	3,856,000,000	2,457,000,000	1,782,000,000	3,189,000,000	2,543,000,000	2,268,000,000	1,463,000,000	2,253,000,000	1,654,000,000	1,458,000,000	1,859,000,000	2,980,000,000	2,355,000,000	1,536,000,000	1,312,000,000	1,332,000,000	2,367,000,000	1,489,000,000	1,035,000,000	1,761,000,000	1,755,000,000	1,294,000,000	745,000,000	992,000,000	1,425,000,000	1,059,000,000	1,008,000,000	1,039,000,000	1,272,000,000	821,000,000	911,000,000	725,000,000	1,385,000,000	729,000,000	568,000,000	1,199,000,000	1,322,000,000	742,000,000	872,000,000	866,000,000	1,014,000,000	641,000,000	427,000,000	784,000,000	1,007,000,000	538,000,000	355,000,000	670,000,000	589,000,000	343,000,000	95,000,000	284,245,000	315,834,000	362,000,000	416,083,000	-517,356,000	387,785,000	318,887,000	223,912,000	52,198,000	271,502,000	375,187,000	70,974,000	203,378,000	263,202,000	142,945,000	40,636,000	-75,579,000	79,000	143,096,000	196,191,000	-148,921,000	131,336,000	43,255,000
capex	-209,000,000	-357,000,000	-250,000,000	-270,000,000	-296,000,000	-378,000,000	-269,000,000	-234,000,000	-233,000,000	-352,000,000	-339,000,000	-277,000,000	-187,000,000	-294,000,000	-228,000,000	-249,000,000	-193,000,000	-144,000,000	-151,000,000	-165,000,000	-183,000,000	-209,000,000	-185,000,000	-219,000,000	-182,000,000	-142,000,000	-123,000,000	-130,000,000	-125,000,000	-126,000,000	-122,000,000	-133,000,000	-74,000,000	-94,000,000	-102,000,000	-99,000,000	-106,000,000	-75,000,000	-93,000,000	-106,000,000	-86,000,000	-57,000,000	-162,000,000	-70,000,000	-53,000,000	-49,000,000	-146,000,000	-50,000,000	-61,000,000	-42,000,000	-54,000,000	-57,000,000	-56,000,000	-51,000,000	-61,000,000	-44,000,000	-47,000,000	-25,000,000	-46,000,000	-40,000,000	-45,000,000	-20,000,000	-42,929,000	-33,817,000	-34,720,000	-27,894,000	-47,756,000	-54,772,000	-36,019,000	-31,726,000	-44,761,000	-36,978,000	-38,580,000	-36,103,000	-31,531,000	-31,381,000	-19,079,000	-12,477,000	-24,539,000	-34,657,000	-21,116,000	-35,112,000	-52,585,000	-36,441,000	-11,474,000
free cash flows	4,394,000,000	2,023,000,000	4,584,000,000	4,866,000,000	2,842,000,000	1,294,000,000	3,861,000,000	2,999,000,000	2,465,000,000	1,567,000,000	2,761,000,000	3,579,000,000	2,270,000,000	1,488,000,000	2,961,000,000	2,294,000,000	2,075,000,000	1,319,000,000	2,102,000,000	1,489,000,000	1,275,000,000	1,650,000,000	2,795,000,000	2,136,000,000	1,354,000,000	1,170,000,000	1,209,000,000	2,237,000,000	1,364,000,000	909,000,000	1,639,000,000	1,622,000,000	1,220,000,000	651,000,000	890,000,000	1,326,000,000	953,000,000	933,000,000	946,000,000	1,166,000,000	735,000,000	854,000,000	563,000,000	1,315,000,000	676,000,000	519,000,000	1,053,000,000	1,272,000,000	681,000,000	830,000,000	812,000,000	957,000,000	585,000,000	376,000,000	723,000,000	963,000,000	491,000,000	330,000,000	624,000,000	549,000,000	298,000,000	75,000,000	241,316,000	282,017,000	327,280,000	388,189,000	-565,112,000	333,013,000	282,868,000	192,186,000	7,437,000	234,524,000	336,607,000	34,871,000	171,847,000	231,821,000	123,866,000	28,159,000	-100,118,000	-34,578,000	121,980,000	161,079,000	-201,506,000	94,895,000	31,781,000
investing activities
purchases of investment securities available-for-sale	-128,000,000	-119,000,000	-94,000,000	-195,000,000	-124,000,000	-95,000,000	-56,000,000	-87,000,000	-107,000,000	-50,000,000	-75,000,000	-68,000,000	-66,000,000	-58,000,000	-63,000,000	-65,000,000	-106,000,000	-155,000,000	-59,000,000	-83,000,000	-4,000,000	-74,000,000	-94,000,000	-163,000,000	-81,000,000	-305,000,000	-347,000,000	-248,000,000	-597,000,000	-108,000,000	-183,000,000	-209,000,000	-117,000,000	-205,000,000	-206,000,000	-190,000,000	-115,000,000	-446,000,000	-112,000,000	-73,000,000	334,000,000	-1,123,000,000	-408,000,000	-504,000,000	-854,000,000	-619,000,000	-590,000,000	-625,000,000	-377,000,000	-934,000,000	-858,000,000	-1,069,000,000	-656,000,000	-398,000,000	-711,000,000	-149,000,000	-24,000,000	-15,000,000	-211,000,000	-50,000,000	-35,000,000	-33,000,000	-227,951,000	-40,195,000	-49,091,000	-15,334,000	-23,908,000	-72,867,000	-37,691,000	-385,048,000	-828,944,000	-825,389,000	-901,694,000	-1,022,330,000	-1,289,433,000	-1,018,876,000	-767,180,000	-739,626,000	-661,759,000	-66,601,000	-72,661,000	-58,078,000	-51,717,000	-63,201,000	-37,824,000
purchases of investments held-to-maturity	-14,000,000	-8,000,000	-10,000,000	-17,000,000	-15,000,000	-66,000,000	-20,000,000	-296,000,000	-5,000,000	-26,000,000	-65,000,000	-35,000,000	-102,000,000	-37,000,000	-122,000,000	1,000,000	-135,000,000	-38,000,000	-72,000,000	-44,000,000	-37,000,000	-45,000,000	-48,000,000	-43,000,000	-25,000,000	-99,000,000	-109,000,000	-158,000,000	-119,000,000	-123,000,000	-220,000,000	-411,000,000	-137,000,000	-377,000,000	-138,000,000	-590,000,000
proceeds from sales of investment securities available-for-sale	77,000,000	49,000,000	28,000,000	113,000,000	36,000,000	22,000,000	15,000,000	27,000,000	41,000,000	4,000,000	26,000,000	14,000,000	6,000,000	8,000,000	-119,000,000	62,000,000	68,000,000	72,000,000	12,000,000	93,000,000	77,000,000	179,000,000	95,000,000	68,000,000	459,000,000	476,000,000	113,000,000	79,000,000	214,000,000	198,000,000	151,000,000	48,000,000	16,000,000	89,000,000	113,000,000	57,000,000	38,000,000	69,000,000	37,000,000	-50,000,000	200,000,000	516,000,000	1,033,000,000	1,018,000,000	85,000,000	341,000,000	139,000,000	494,000,000	279,000,000	576,000,000	195,000,000	91,000,000	61,000,000	43,000,000	114,000,000	341,000,000	20,000,000	10,000,000																						56,906,000	59,917,000	57,292,000	58,463,000	41,278,000	42,052,000
proceeds from maturities of investment securities available-for-sale	49,000,000	76,000,000	58,000,000	65,000,000	72,000,000	67,000,000	36,000,000	53,000,000	51,000,000	51,000,000	55,000,000	43,000,000	43,000,000	70,000,000	196,000,000	26,000,000	46,000,000	23,000,000	13,000,000	27,000,000	36,000,000	64,000,000	71,000,000	86,000,000	80,000,000	139,000,000	88,000,000	120,000,000	63,000,000	108,000,000	129,000,000	123,000,000	97,000,000	151,000,000	92,000,000	85,000,000	107,000,000	55,000,000	66,000,000	154,000,000	156,000,000	166,000,000	36,000,000	435,000,000	462,000,000	425,000,000	362,000,000	315,000,000	387,000,000	257,000,000	315,000,000	190,000,000	275,000,000	111,000,000	27,000,000	8,000,000	13,000,000	15,000,000
proceeds from maturities of investments held-to-maturity	11,000,000	16,000,000	15,000,000	57,000,000	22,000,000	284,000,000	41,000,000	25,000,000	67,000,000	24,000,000	71,000,000	34,000,000	117,000,000	43,000,000	140,000,000	0	77,000,000	79,000,000	37,000,000	0	19,000,000	65,000,000	49,000,000	97,000,000	82,000,000	155,000,000	167,000,000	116,000,000	216,000,000	430,000,000	148,000,000	411,000,000	141,000,000	320,000,000	216,000,000	110,000,000
purchases of property and equipment	-40,000,000	-159,000,000	-95,000,000	-107,000,000	-115,000,000	-157,000,000	-77,000,000	-104,000,000	-80,000,000	-110,000,000	-130,000,000	-111,000,000	-55,000,000	-146,000,000	-122,000,000	-139,000,000	-81,000,000	-65,000,000	-59,000,000	-79,000,000	-70,000,000	-131,000,000	-116,000,000	-132,000,000	-91,000,000	-83,000,000
capitalized software	-169,000,000	-198,000,000	-155,000,000	-163,000,000	-181,000,000	-221,000,000	-192,000,000	-130,000,000	-153,000,000	-242,000,000	-209,000,000	-166,000,000	-132,000,000	-148,000,000	-106,000,000	-110,000,000	-112,000,000	-79,000,000	-92,000,000	-86,000,000	-113,000,000	-78,000,000	-69,000,000	-87,000,000	-91,000,000	-59,000,000	-48,000,000	-47,000,000	-35,000,000	-44,000,000	-36,000,000	-33,000,000	-24,000,000	-30,000,000	-43,000,000	-44,000,000	-42,000,000	-38,000,000	-41,000,000	-37,000,000	-61,000,000	-26,000,000	-84,000,000	-12,000,000	-39,000,000	-24,000,000	-56,000,000	-33,000,000	-33,000,000	-22,000,000	-26,000,000	-29,000,000	-28,000,000	-39,000,000	-35,000,000	-28,000,000	-22,000,000	-15,000,000	-22,000,000	-28,000,000	-23,000,000	-17,000,000	-23,685,000	-21,526,000	-21,624,000	-15,962,000	-23,380,000	-32,483,000	-19,505,000	-19,279,000	-22,513,000	-18,581,000	-14,493,000	-19,248,000	-8,926,000	-8,452,000	-9,034,000	-6,852,000	-8,277,000	-17,429,000	-12,622,000	-20,628,000	-16,538,000	-14,500,000	-11,474,000
other investing activities	-13,000,000	3,000,000	-2,000,000	1,000,000			67,000,000	-2,000,000	-1,000,000	-70,000,000	3,000,000	-1,000,000	-10,000,000	5,000,000	45,000,000	-3,000,000	-18,000,000	9,000,000			171,000,000	-177,000,000	-2,000,000	0	9,000,000	-11,000,000	1,000,000	1,000,000	-4,000,000	-12,000,000	-7,000,000	0	138,000,000	-130,000,000	-17,000,000	-3,000,000	-3,000,000	-8,000,000	9,000,000	-8,000,000	10,000,000	-9,000,000	-67,000,000	-5,000,000	-7,000,000	-5,000,000	1,000,000	-11,000,000	1,000,000	2,000,000	-6,000,000				5,000,000				-2,000,000				-1,116,000	-5,995,000	-386,000	1,693,000	-1,351,000	-2,932,000	2,819,000	-2,110,000	-642,000	3,546,000	3,928,000	1,077,000	513,000	522,000	-1,366,000	-37,000	-1,901,000	-1,061,000	-201,000	863,000	-1,335,000	0	386,000
net cash from investing activities	-227,000,000	-340,000,000	-2,678,000,000	-256,000,000	-294,000,000	-174,000,000	-214,000,000	-522,000,000	-218,000,000	-397,000,000	-350,000,000	-308,000,000	-525,000,000	-287,000,000	-438,000,000	-132,000,000	-1,142,000,000	-3,560,000,000	-1,054,000,000	-199,000,000	-119,000,000	-507,000,000	-460,000,000	-626,000,000	-767,000,000	213,000,000	-269,000,000	-231,000,000	-373,000,000	367,000,000	-123,000,000	-402,000,000	-1,008,000,000	-246,000,000	-42,000,000	-630,000,000	-110,000,000	-385,000,000	138,000,000	369,000,000	-703,000,000	-519,000,000	242,000,000	880,000,000	-562,000,000	130,000,000	-239,000,000	117,000,000	225,000,000	-107,000,000	-1,227,000,000	-922,000,000	-388,000,000	-302,000,000	-693,000,000	159,000,000			-58,000,000	-563,000,000	3,000,000	-23,000,000	-523,764,000	-52,696,000	-38,190,000	-49,530,000	-29,990,000	-16,200,000	25,805,000	222,036,000	239,322,000	172,546,000	-52,620,000	-44,107,000	-436,704,000	-56,525,000	-85,005,000	-97,992,000	93,056,000	-45,413,000	-34,061,000	-35,035,000	-47,174,000	-65,936,000	-57,527,000
financing activities
purchases of treasury stock	-2,289,000,000	-2,549,000,000	-3,470,000,000	-2,934,000,000	-2,639,000,000	-1,992,000,000	-1,832,000,000	-1,906,000,000	-2,416,000,000	-2,878,000,000	-2,414,000,000	-1,551,000,000	-2,380,000,000	-2,408,000,000	-1,276,000,000	-1,561,000,000	-1,711,000,000	-1,356,000,000	-1,030,000,000	-2,060,000,000	0	-1,383,000,000	-994,000,000	-1,762,000,000	-1,917,000,000	-1,824,000,000	-888,000,000	-1,164,000,000	-1,529,000,000	-1,352,000,000	-1,031,000,000	-838,000,000	-931,000,000	-962,000,000	-1,101,000,000	-591,000,000	-462,000,000	-1,357,000,000	-793,000,000	-930,000,000	-848,000,000	-947,000,000	-155,000,000	-404,000,000	-1,158,000,000	-1,669,000,000	-751,000,000	-345,000,000	-581,000,000	-766,000,000	-613,000,000	-216,000,000	-671,000,000	-248,000,000	-30,000,000	-77,000,000	-387,000,000	-654,000,000
dividends paid	-691,000,000	-694,000,000	-606,000,000	-611,000,000	-615,000,000	-616,000,000	-534,000,000	-538,000,000	-541,000,000	-545,000,000	-473,000,000	-474,000,000	-477,000,000	-479,000,000	-434,000,000	-434,000,000	-434,000,000	-439,000,000	-399,000,000	-402,000,000	-401,000,000	-403,000,000	-333,000,000	-335,000,000	-337,000,000	-340,000,000	-259,000,000	-260,000,000	-262,000,000	-263,000,000	-233,000,000	-235,000,000	-236,000,000	-238,000,000	-207,000,000	-209,000,000	-209,000,000	-212,000,000	-179,000,000	-181,000,000	-183,000,000	-184,000,000	-127,000,000	-128,000,000	-129,000,000	-131,000,000	-73,000,000	-72,000,000	-73,000,000	-37,000,000	-38,000,000	-37,000,000	-38,000,000	-19,000,000	-19,000,000	-19,000,000	-19,000,000	-20,000,000	-20,000,000	-20,000,000	-19,000,000	-20,000,000	-19,666,000	-19,660,000	-19,683,000	-19,676,000	-19,683,000	-19,698,000	-19,840,000	-20,038,000	-20,197,000	-20,706,000	-20,942,000	-12,157,000
proceeds from debt	0	1,242,000,000	0	2,977,000,000			0	4,000,000	61,000,000	1,489,000,000	-4,000,000	284,000,000	0	843,000,000	742,000,000	0	0	1,282,000,000	0	0	0	3,959,000,000	744,000,000	0			0	0	0	991,000,000													43,000,000	0	0	1,487,000,000
payment of debt	0	-750,000,000	0	-336,000,000																			0	0							0	0																							0	0							0	0	0	-149,380,000	0	0
tax withholdings related to share-based payments	-2,000,000	-277,000,000	-3,000,000	-1,000,000	-4,000,000	-170,000,000	-8,000,000	-2,000,000	-3,000,000	-76,000,000	-4,000,000	-1,000,000	-4,000,000	-132,000,000	-3,000,000	-5,000,000	-4,000,000	-121,000,000	-5,000,000	-4,000,000	-10,000,000	-131,000,000	0	-41,000,000	-4,000,000	-116,000,000	-1,000,000	-6,000,000	4,000,000	-77,000,000	-1,000,000	0	0	-46,000,000
cash proceeds from employee stock plans	76,000,000	41,000,000
other financing activities									1,000,000	2,000,000	-4,000,000	-6,000,000	0	-6,000,000	-2,000,000	-15,000,000	-3,000,000	5,000,000	50,000,000	24,000,000	-32,000,000	27,000,000	-18,000,000	-3,000,000	3,000,000	3,000,000	3,000,000	-12,000,000	9,000,000	-4,000,000	-14,000,000	19,000,000	-1,000,000	-10,000,000	1,000,000	0	-1,000,000	-2,000,000	-9,000,000	1,000,000	-3,000,000	-6,000,000	-11,000,000	4,000,000	-31,000,000	-12,000,000	-3,000,000			1,000,000
net cash from financing activities	-3,006,000,000	-2,987,000,000	-4,041,000,000	-857,000,000	-3,257,000,000	-2,681,000,000	-2,350,000,000	-2,404,000,000	-2,779,000,000	-1,955,000,000	-3,614,000,000	-1,739,000,000	-2,821,000,000	-2,154,000,000	-1,617,000,000	-2,137,000,000	-2,195,000,000	-606,000,000	-1,375,000,000	-2,468,000,000	-409,000,000	2,100,000,000	-582,000,000	-2,125,000,000	-937,000,000	-2,223,000,000	-1,133,000,000	-1,417,000,000	-1,751,000,000	-665,000,000	-1,270,000,000	-1,042,000,000	-1,215,000,000	-1,237,000,000	675,000,000	-774,000,000	-649,000,000	-1,545,000,000	758,000,000	-1,100,000,000	-1,016,000,000	-1,100,000,000	-244,000,000	-510,000,000	-1,306,000,000	-279,000,000	-792,000,000	-416,000,000	-638,000,000	-783,000,000	-647,000,000	-229,000,000	-702,000,000	-220,000,000	-44,000,000	-88,000,000	-418,000,000	-665,000,000	-17,000,000	-23,000,000	-18,000,000	77,000,000	-9,961,000	-9,436,000	-260,000	-165,283,000	-20,570,000	-9,947,000	-449,043,000	-271,818,000	-335,219,000	-297,006,000	-16,886,000	-8,396,000	-12,373,000	0								-172,000	-25,191,000
effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents	220,000,000	121,000,000	-274,000,000	142,000,000	28,000,000	-95,000,000	157,000,000	-86,000,000	20,000,000	37,000,000	284,000,000	-185,000,000	-174,000,000	-28,000,000	-73,000,000	-56,000,000	77,000,000	-101,000,000	191,000,000	115,000,000	39,000,000	-88,000,000	59,000,000	-77,000,000	28,000,000	-54,000,000	-71,000,000	-9,000,000	-21,000,000	95,000,000
net increase in cash, cash equivalents, restricted cash and restricted cash equivalents			-2,159,000,000												1,061,000,000	218,000,000	-992,000,000	-2,804,000,000	15,000,000	-898,000,000	969,000,000	3,364,000,000	1,997,000,000	-473,000,000	-140,000,000	-752,000,000	-141,000,000	710,000,000
cash, cash equivalents, restricted cash and restricted cash equivalents - beginning of period	0	10,808,000,000	0	0	0	10,465,000,000	0	0	0	9,196,000,000	0	0	0	9,902,000,000	0	0	0	12,419,000,000	0	0	0	8,969,000,000	0	0	0	8,337,000,000	0	0	0	7,592,000,000
cash, cash equivalents, restricted cash and restricted cash equivalents - end of period	1,590,000,000	9,982,000,000	-2,159,000,000	4,165,000,000	-385,000,000	9,187,000,000	1,723,000,000	221,000,000	-279,000,000	8,800,000,000	-580,000,000	1,624,000,000	-1,063,000,000	9,215,000,000	1,061,000,000	218,000,000	-992,000,000	9,615,000,000	15,000,000	-898,000,000	969,000,000	12,333,000,000	1,997,000,000	-473,000,000	-140,000,000	7,585,000,000	-141,000,000	710,000,000	-656,000,000	8,424,000,000
net decrease in cash, cash equivalents, restricted cash and restricted cash equivalents		-826,000,000			-385,000,000	-1,278,000,000		221,000,000	-279,000,000	-396,000,000		1,624,000,000	-1,063,000,000	-687,000,000
income taxes receivable																																		-5,000,000	-5,000,000			-3,000,000	69,000,000	-20,000,000	0	-63,000,000	4,000,000				-5,000,000	0	9,000,000	149,000,000	-132,000,000	-22,000,000							-34,000,000	-2,000,000			0	0	0	190,000,000	58,161,000
long-term taxes payable
purchases of equity investments			-14,000,000	-10,000,000	-10,000,000	-8,000,000	-28,000,000	-8,000,000	-31,000,000	-22,000,000	-26,000,000	-19,000,000	-19,000,000	-24,000,000	-49,000,000	-92,000,000	-45,000,000	-42,000,000	-31,000,000	-33,000,000	-15,000,000	-135,000,000	-76,000,000	-5,000,000
proceeds from sales of equity investments			102,000,000	0			0	0	0	44,000,000	0	1,000,000			1,000,000
acquisition of businesses, net of cash acquired											0	0			-239,000,000	3,000,000	-836,000,000	-3,364,000,000	-806,000,000	0			-270,000,000	-447,000,000							0	-224,000,000							0	0	-572,000,000	-12,000,000	-189,000,000	5,000,000	-195,000,000	-146,000,000					0
the accompanying notes are an integral part of these consolidated financial statements.
cash proceeds from exercise of stock options				48,000,000	18,000,000	97,000,000	24,000,000	41,000,000	119,000,000	53,000,000	13,000,000	9,000,000	40,000,000	28,000,000	6,000,000	11,000,000	21,000,000	23,000,000	9,000,000	23,000,000	34,000,000	31,000,000	19,000,000	16,000,000	37,000,000	54,000,000	12,000,000	25,000,000	27,000,000	40,000,000	9,000,000	12,000,000	17,000,000	19,000,000	6,000,000	15,000,000	12,000,000	4,000,000	2,000,000	4,000,000	11,000,000	10,000,000	5,000,000	7,000,000	8,000,000	8,000,000	4,000,000	6,000,000	11,000,000	5,000,000	3,000,000	10,000,000	4,000,000	14,000,000	4,000,000	7,000,000	6,000,000	2,000,000		1,000,000	3,000,000	6,000,000			1,838,000	431,000	211,000	4,679,000	2,985,000	1,671,000	514,000	0
acquisition of redeemable non-controlling interests																			0
acquisition of non-controlling interest															0
contingent consideration paid															0	0							0	0
amortization of customer and merchant incentives								414,000,000	404,000,000	378,000,000	389,000,000	385,000,000	382,000,000	430,000,000	376,000,000	344,000,000	313,000,000	338,000,000	323,000,000	281,000,000	231,000,000	237,000,000	263,000,000	255,000,000	278,000,000	345,000,000	350,000,000	307,000,000	291,000,000	287,000,000	240,000,000	265,000,000	230,000,000	266,000,000	231,000,000	233,000,000	192,000,000	204,000,000	204,000,000	202,000,000	174,000,000	184,000,000
settlement of interest rate derivative contracts																			0	0	0	-175,000,000
settlement due from customers																76,000,000	741,000,000	28,000,000	-330,000,000	405,000,000	-618,000,000	1,831,000,000	-273,000,000	-1,074,000,000	-123,000,000	1,026,000,000	-1,117,000,000	197,000,000	-2,000,000	-156,000,000	-176,000,000	72,000,000	-185,000,000	8,000,000	43,000,000	-128,000,000	6,000,000	69,000,000	-176,000,000	368,000,000	-182,000,000	-108,000,000	99,000,000	85,000,000	130,000,000	-129,000,000	-2,000,000	-636,000,000	11,000,000	433,000,000	-287,000,000	0	-170,000,000	-43,000,000	-98,000,000	-58,000,000	-80,000,000	122,000,000	-103,000,000	43,000,000	-30,000,000	29,000,000	-40,191,000	203,490,000	-39,388,000	-69,438,000	108,133,000	83,047,000	12,689,000	-20,861,000
settlement due to customers																-72,000,000	-728,000,000	-178,000,000	345,000,000	-400,000,000	377,000,000	-1,564,000,000	554,000,000	781,000,000	142,000,000	-1,000,000,000	1,035,000,000	-77,000,000	-46,000,000	-63,000,000	340,000,000	-105,000,000	283,000,000	-124,000,000	-105,000,000	221,000,000	-9,000,000	-41,000,000	6,000,000	-453,000,000	103,000,000	158,000,000	-41,000,000	-34,000,000	-35,000,000	-55,000,000	196,000,000	577,000,000	-28,000,000	-423,000,000	208,000,000	28,000,000	200,000,000	-88,000,000	158,000,000	43,000,000	132,000,000	-259,000,000	215,000,000	-67,000,000	59,000,000	-21,000,000	58,936,000	-192,360,000	36,239,000	31,557,000	5,596,000	-80,025,000	67,958,000	-46,381,000
venezuela charge
tax benefit for share-based payments																																			4,000,000	11,000,000	11,000,000	22,000,000	2,000,000	6,000,000	7,000,000	27,000,000	1,000,000
purchases of property, plant and equipment																											-75,000,000	-83,000,000	-90,000,000	-82,000,000	-86,000,000	-100,000,000	-50,000,000	-64,000,000	-59,000,000	-55,000,000	-64,000,000	-37,000,000	-52,000,000	-69,000,000	-25,000,000	-31,000,000	-78,000,000	-58,000,000	-14,000,000	-25,000,000	-90,000,000	-17,000,000	-28,000,000	-20,000,000	-28,000,000	-28,000,000	-28,000,000	-12,000,000	-26,000,000	-16,000,000	-25,000,000	-10,000,000	-24,000,000	-12,000,000	-22,000,000	-3,000,000	-19,244,000	-12,291,000	-13,096,000	-11,932,000	-24,376,000	-22,289,000	-16,514,000	-12,447,000	-22,248,000	-18,397,000	-24,087,000	-16,855,000	-22,605,000	-22,929,000	-10,045,000	-5,625,000	-16,262,000	-17,228,000	-8,494,000	-14,484,000	-36,047,000	-21,941,000
investment in nonmarketable equity investments																											-59,000,000	-11,000,000			-19,000,000	-7,000,000															-8,000,000	-6,000,000	-4,000,000	-2,000,000	-93,000,000	-6,000,000	-12,000,000	-7,000,000	-66,000,000	-6,000,000			-55,000,000
net increase cash, cash equivalents, restricted cash and restricted cash equivalents																														832,000,000
effect of exchange rate changes on cash and cash equivalents																															6,000,000	71,000,000	100,000,000	23,000,000	-109,000,000	8,000,000	-18,000,000	69,000,000	-65,000,000	-25,000,000	52,000,000	-222,000,000	-48,000,000	-171,000,000	-2,000,000	1,000,000	18,000,000	42,000,000	35,000,000	-50,000,000	15,000,000	29,000,000	-82,000,000	45,000,000	-66,000,000	-89,000,000	39,000,000	62,000,000	-7,000,000	153,000,000	-124,000,000	-85,000,000	-11,472,000	14,495,000	46,452,000	-28,238,000	1,619,000	-59,392,000	1,012,000	39,125,000	15,571,000	20,058,000	4,823,000	6,268,000	9,640,000	4,606,000	7,151,000	6,875,000	-3,192,000	4,867,000	590,000	2,636,000	840,000
net increase in cash and cash equivalents																																							1,870,000,000			-930,000,000	675,000,000	1,584,000,000	-1,141,000,000	420,000,000	186,000,000	1,065,000,000			-993,000,000				-19,000,000	989,000,000	-190,000,000	-113,000,000	588,000,000	156,000,000	204,000,000	64,000,000	-260,952,000	268,197,000	370,002,000	173,032,000	-566,297,000	302,246,000	-103,339,000	213,255,000	-28,128,000	167,100,000	310,504,000	24,739,000	-236,059,000	211,283,000	715,064,000	-50,481,000	14,285,000	-40,467,000	109,625,000	163,792,000	-195,255,000	66,535,000	-39,463,000
cash and cash equivalents - beginning of period																															0	0	0	6,721,000,000	0	0	0	5,747,000,000	0	0	0	5,137,000,000	0	0	0	3,599,000,000	0	0	0	2,052,000,000	0	0	0	3,734,000,000	0	0	0	3,067,000,000		0	0	2,055,000,000		0
cash and cash equivalents - end of period																															374,000,000	382,000,000	-829,000,000	6,006,000,000	1,516,000,000	29,000,000	282,000,000	4,894,000,000	1,870,000,000	516,000,000	-846,000,000	4,207,000,000	675,000,000	1,584,000,000	-1,141,000,000	4,019,000,000	186,000,000	1,065,000,000	364,000,000	1,984,000,000	-993,000,000	-108,000,000	-531,000,000	3,684,000,000	-19,000,000	989,000,000	-190,000,000	2,954,000,000		156,000,000	204,000,000	2,119,000,000		268,197,000
net decrease in cash and cash equivalents																																382,000,000	-829,000,000	-715,000,000		29,000,000	282,000,000	-853,000,000												-68,000,000			-531,000,000	-50,000,000
share-based payments																																			35,000,000	26,000,000	29,000,000	-40,000,000	21,000,000	24,000,000	30,000,000	-53,000,000	28,000,000	3,000,000	28,000,000	-74,000,000	36,000,000	28,000,000	22,000,000	-23,000,000		25,000,000	23,000,000	18,000,000
increase in restricted cash for litigation settlement																																			0	0			0	0
non-cash investing and financing activities
fair value of assets acquired, net of cash acquired																																								0	612,000,000	13,000,000		2,000,000	326,000,000	246,000,000
fair value of liabilities assumed related to acquisitions																																								0				6,000,000	86,000,000	42,000,000
purchases of other short-term investments held-to-maturity																																						-60,000,000	-50,000,000	-124,000,000
proceeds from maturities of investment securities held-to-maturity																																						80,000,000	281,000,000								0	0	0	36,000,000					-1,000,000	0	151,000,000	150,000,000
decrease in restricted cash for litigation settlement																																													0	183,000,000
decrease (increase) in restricted cash for litigation settlement																																											-1,000,000
tax benefit for share-based compensation																																													4,000,000	38,000,000	-4,000,000	3,000,000	6,000,000	14,000,000		-13,000,000	0	-33,000,000
obligations under litigation settlements																																																				0			-1,000,000	-2,000,000	-150,000,000	-150,000,000		-155,000,000	-150,000,000	-150,000,000		-480,778,000
share based payments																																																							27,000,000	17,000,000	21,000,000	15,000,000	14,000,000	18,000,000	15,000,000	16,000,000	18,943,000	28,873,000	26,018,000	14,596,000	16,753,000	15,228,000	17,938,000	11,051,000	22,304,000	12,527,000			5,809,000
stock units withheld for taxes																																																			-1,000,000	-3,000,000	0	-38,000,000	0	-1,000,000	0	-32,000,000	-1,000,000	-1,000,000	-2,000,000	-122,000,000	-574,000
tax benefit for share based compensation																																																							-1,000,000	-1,000,000	-3,000,000	-7,000,000	0	4,000,000	2,000,000	-91,000,000	-6,776,000	-6,702,000	-17,585,000	-7,962,000	1,098,000	-5,072,000	-3,168,000	-40,661,000
accrued litigation
contribution by non-controlling interest																																																				1,000,000
acquisition of business, net of cash acquired																																																							0	0							0	0	0	-2,913,000
fair value of liabilities assumed related to an acquisition
accretion of imputed interest on litigation settlements																																																							0	0	1,000,000	4,000,000	6,000,000	8,000,000	10,000,000	11,000,000	13,769,000	22,596,000	24,365,000	25,612,000	29,712,000	31,366,000	8,142,000	7,982,000				9,229,000
purchases of investment securities held-to-maturity
investment in (redemption of) non-controlling interest
increase in restricted cash
net cash from in investing activities																																																										135,000,000
gain on sale of redecard s.a. available-for-sale securities																																																																			0	0	0	-85,903,000	-283,926,000
impairment of assets																																																											1,000,000	2,000,000			439,000	725,000	8,000	15,258,000											-560,000	988,000
obligations under litigation settlement
proceeds from sales of investment securities, available-for-sale																																																											203,000,000	38,000,000	36,000,000	20,000,000
proceeds from maturities of available-for-sale securities																																																											24,000,000
exercise of stock options																																																															2,929,000
purchase of treasury stock																																																																			0	0	-355,356,000	-294,112,000	-323,368,000
cash and cash equivalents—beginning of period																																																																										1,185,080,000		0
cash and cash equivalents—end of period																																																																										1,209,819,000		211,283,000
redemption of non-controlling interest																																																															0	0	0	-4,620,000
proceeds from maturities of available-for-sale investment securities
investment in affiliates																																																													-2,000,000	-1,000,000	-1,666,000	2,041,000	-295,000	-17,789,000																		659,000	674,000
proceeds from maturities of investment securities, available-for-sale																																																														11,000,000
trading securities																																																																			0	0	0	2,561,000	2,475,000	306,000	-292,000	7,211,000	6,397,000	-834,000	690,000	3,958,000	433,000
proceeds from sales and maturities of investment securities available-for-sale																																																																			124,756,000	114,371,000	96,696,000	640,920,000	1,113,669,000	1,031,367,000	883,726,000	1,013,249,000	883,747,000	993,210,000	702,620,000	654,148,000	781,255,000
other current assets																																																																12,896,000	9,132,000	-65,817,000	-9,622,000	-8,036,000	10,399,000	-12,122,000	-6,163,000	3,692,000	6,429,000	-11,496,000	-1,690,000	14,585,000	-13,991,000	8,909,000
proceeds from sales and maturities of investment securities, available-for-sale																																																																25,270,000	46,302,000	12,707,000
stock units settled in cash for taxes																																																																	-19,253,000	-7,253,000	-1,016,000	-5,000	-330,000	-65,760,000
prepaid expenses, current																																																																		4,076,000
prepaid expenses, non-current																																																																		-23,497,000	-6,749,000	5,228,000	-35,789,000	1,679,000					-26,302,000	-8,251,000	4,646,000	-648,000	-31,463,000
litigation settlement payments																																																																		-152,300,000
cash and cash equivalents — beginning of period																																																																		1,505,160,000		0	0	1,659,295,000		0						545,273,000			0	0	336,474,000
cash and cash equivalents — end of period																																																																		1,678,192,000		302,246,000	-103,339,000	1,872,550,000		167,100,000						494,792,000			109,625,000	163,792,000	141,219,000		-39,463,000
charitable contribution of common stock to the mastercard foundation																																																																											0	0
impairment of investments																																																																			1,915,000	1,700,000	1,591,000	7,309,000
litigation settlement accruals																																																																			-1,106,588,000	712,389,000			-100,000,000	-13,440,000
cash received from sale of common stock, net of issuance costs																																																																											0	0
cash payment for the redemption of common stock
non-cash financing activities:
dividends declaration																																																																						19,992,000				20,715,000
impairment of available-for-sale securities
accretion of imputed interest on litigation settlement																																																																							9,798,000	9,604,000
settlement due from members																																																																							-346,806,000	-52,499,000	2,789,000	40,211,000	-64,964,000	6,253,000	-37,524,000	20,682,000	-30,057,000
settlement due to members																																																																							294,182,000	18,128,000	29,450,000	-65,616,000	75,849,000	-6,124,000	40,163,000	-20,149,000	25,210,000
cash payment for redemption of common stock																																																																											0	0
cash and cash equivalents—beginning of year
cash and cash equivalents—end of year
taxes related to share based payments																																																																								0
excess tax benefit on share based payments																																																																								-864,000
prepaid expenses, long-term																																																																								4,040,000	2,579,000	-25,971,000
share based compensation																																																																										8,425,000
taxes related to share based compensation																																																																										-6,000,000
excess tax benefit on share based compensation																																																																										-3,761,000
litigation settlement accruals, including accretion of imputed interest																																																																											-87,772,000	-84,427,000
stock-based compensation expense
depreciation																																																																														10,650,000	10,941,000	13,548,000	14,262,000	12,950,000	12,193,000	12,249,000
amortization																																																																														14,570,000	15,629,000	17,438,000	13,921,000	17,643,000	17,596,000	15,316,000
legal settlement accruals, including accretion of imputed interest																																																																														10,382,000	-60,880,000
balance at january 1, 2006																																																																														1,169,148,000
other comprehensive income, net of tax																																																																														11,815,000
balance at march 31, 2006																																																																														1,307,707,000
changes in operating assets and liabilities, net of effects from acquisitions:
prepaid expenses and other current assets
bank overdraft
supplemental cash flows:
cash paid for income taxes																																																																																	1,282,000	939,000	52,000
cash paid for interest																																																																																	5,748,000	2,668,000	5,695,000
balance at january 1, 2005
other comprehensive loss, net of tax
balance at june 30, 2005
balance at march 31, 2005
cash received from the acquisition of europay international s.a., net of acquisition related expenses
short-term borrowings, net of repayments
cash and cash equivalents — beginning of year																																																																																				0	0
cash and cash equivalents — end of year
changes in operating assets and liabilities, net of effects from the purchase of europay international s.a.:
short-term borrowings, net of
repayment of short-term borrowings
supplemental disclosures
non-cash activities:
common stock issued for acquisition of europay international s.a.
consolidation of variable interest entity:
municipal bonds held-to-maturity																																																																																	0	0	-154,000,000
long-term debt																																																																																	0	0	149,380,000
minority interest																																																																																	0	0	4,620,000
sale-leaseback transaction:
capital lease obligation																																																																																	0
bonds held-to-maturity																																																																																	0
software license fees accrued and capitalized																																																																																	159,000	-4,985,000	9,105,000
consolidation of special purpose entity:
supplemental disclosures:
non-cash investing and financing activities:
present value of obligations under u.s. merchant lawsuit																																																																																			721,000,000
impairment of goodwill and other intangible assets
write down and losses in investments in affiliates
proceeds from principal pay downs and maturities of investment securities available for sale
other intangible assets
(repayment) advance of short-term borrowings																																																																																				-172,000
supplemental schedule of noncash investing activities:
acquisition of europay international s.a.:
income taxes paid
interest paid
other adjustments to net income
changes in operating assets and liabilities, net of effects from the purchase of europay international sa:
cash received from the acquisition of europay international sa, net of expenses																																																																																					-36,504,000
acquisition of europay international sa:
net purchases of property, plant and equipment

We provide you with 20 years of cash flow statements for Mastercard stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as operating cash flows, cash levels, capital expenditures, profits, stock-based compensations and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Mastercard stock. Explore the full financial landscape of Mastercard stock with our expertly curated income statements.

The information provided in this report about Mastercard stock is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.