Mastercard Incorporated (MA)

Mastercard Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Net Income	11,195	9,930	8,687	6,411	8,118
Depreciation & Amortization	799	750	726	580	522
Share-Based Compensation	460	295	273	254	250
Other Operating Activities	-474	220	-223	-21	-707
Operating Cash Flow	11,980	11,195	9,463	7,224	8,183
Operating Cash Flow Growth	7.01%	18.30%	30.99%	-11.72%	31.50%
Capital Expenditures	-1,088	-1,097	-814	-708	-728
Acquisitions	0	-313	-4,436	-989	-1,440
Change in Investments	-257	-57	-55	-10	532
Other Investing Activities	-6	-3	33	-172	-4
Investing Cash Flow	-1,351	-1,470	-5,272	-1,879	-1,640
Dividends Paid	-2,158	-1,903	-1,741	-1,605	-1,345
Share Issuance / Repurchase	-8,795	-8,663	-5,843	-4,376	-6,371
Debt Issued / Paid	1,554	399	1,374	3,959	2,224
Other Financing Activities	-89	-161	-345	-130	-375
Financing Cash Flow	-9,488	-10,328	-6,555	-2,152	-5,867
Exchange Rate Effect	128	-103	-153	257	-44
Net Cash Flow	1,269	-706	-2,517	3,450	632
Free Cash Flow	10,892	10,098	8,649	6,516	7,455
Free Cash Flow Growth	7.86%	16.75%	32.73%	-12.60%	30.35%
Free Cash Flow Margin	43.40%	45.41%	45.80%	42.59%	44.16%
Free Cash Flow Per Share	11.54	10.43	8.75	6.50	7.33

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).