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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating Activities      
Net income $ 3,808 $ 3,617 $ 3,116
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of customer and merchant incentives 764 691 603
Depreciation and amortization 366 321 258
Share-based payments 22 (15) 63
Deferred income taxes (16) (91) (119)
Other (81) 52 67
Changes in operating assets and liabilities:      
Accounts receivable (35) (164) (42)
Income taxes receivable (14) (8) 153
Settlement due from customers (98) 185 (194)
Prepaid expenses (802) (1,316) (598)
Accrued litigation and legal settlements (63) (115) 160
Accounts payable 49 61 (20)
Settlement due to customers (186) (165) 322
Accrued expenses 325 389 315
Net change in other assets and liabilities 4 (35) 51
Net cash provided by operating activities 4,043 3,407 4,135
Investing Activities      
Purchases of investment securities available-for-sale (974) (2,385) (2,526)
Purchases of other short-term investments held-to-maturity (918) 0 0
Proceeds from sales of investment securities available-for-sale 703 2,477 1,488
Proceeds from maturities of investment securities available-for-sale 542 1,358 1,321
Proceeds from maturities of investment securities held-to-maturity 857 0 36
Purchases of property, plant and equipment (177) (175) (155)
Capitalized software (165) (159) (144)
Acquisition of businesses, net of cash acquired (584) (525) 0
(Increase) decrease in restricted cash for litigation settlement (1) 183 3
Other investing activities 2 (84) (27)
Net cash (used in) provided by investing activities (715) 690 (4)
Financing Activities      
Purchases of treasury stock (3,518) (3,386) (2,443)
Proceeds from debt 1,735 1,530 35
Dividends paid (727) (515) (255)
Tax benefit for share-based payments 42 54 19
Cash proceeds from exercise of stock options 27 28 26
Other financing activities (17) (50) (11)
Net cash used in financing activities (2,458) (2,339) (2,629)
Effect of exchange rate changes on cash and cash equivalents (260) (220) 45
Net increase in cash and cash equivalents 610 1,538 1,547
Cash and cash equivalents - beginning of period 5,137 3,599 2,052
Cash and cash equivalents - end of period $ 5,747 $ 5,137 $ 3,599