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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating Activities      
Net income $ 4,059 $ 3,808 $ 3,617
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of customer and merchant incentives 860 764 691
Depreciation and amortization 373 366 321
Share-based payments 50 22 (15)
Deferred income taxes (20) (16) (91)
Other 29 (81) 52
Changes in operating assets and liabilities:      
Accounts receivable (338) (35) (164)
Income taxes receivable (1) (14) (8)
Settlement due from customers (10) (98) 185
Prepaid expenses (1,073) (802) (1,316)
Accrued litigation and legal settlements 17 (63) (115)
Accounts payable 145 49 61
Settlement due to customers 66 (186) (165)
Accrued expenses 520 325 389
Net change in other assets and liabilities (193) 4 (35)
Net cash provided by operating activities 4,484 4,043 3,407
Investing Activities      
Purchases of investment securities available-for-sale (957) (974) (2,385)
Purchases of investments held-to-maturity (867) (918) 0
Proceeds from sales of investment securities available-for-sale 277 703 2,477
Proceeds from maturities of investment securities available-for-sale 339 542 1,358
Proceeds from maturities of investments held-to-maturity 456 857 0
Purchases of property, plant and equipment (215) (177) (175)
Capitalized software (167) (165) (159)
Acquisition of businesses, net of cash acquired 0 (584) (525)
(Increase) decrease in restricted cash for litigation settlement (2) (1) 183
Other investing activities (31) 2 (84)
Net cash (used in) provided by investing activities (1,167) (715) 690
Financing Activities      
Purchases of treasury stock (3,511) (3,518) (3,386)
Proceeds from debt 1,972 1,735 1,530
Dividends paid (837) (727) (515)
Tax benefit for share-based payments 48 42 54
Cash proceeds from exercise of stock options 37 27 28
Other financing activities (2) (17) (50)
Net cash used in financing activities (2,293) (2,458) (2,339)
Effect of exchange rate changes on cash and cash equivalents (50) (260) (220)
Net increase in cash and cash equivalents 974 610 1,538
Cash and cash equivalents - beginning of period 5,747 5,137 3,599
Cash and cash equivalents - end of period $ 6,721 $ 5,747 $ 5,137