Mastercard Inc Cash Flow
Concept
Operating Cash Flow
Net Income
Depreciation & Amortization
Stock based compensation
Other non cash items
Change in working capital
Investing Cash Flow
Capital Expenditures
Financing Cash Flow
Dividends Paid
Payout Ratio
Share Issuance / Repurchase
Debt Issued / Paid
Other Investing Activities
End Cash Position
Changes in Cash
Beginning Cash Position
Free Cash Flow
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
11,980M
11,195M
799M
460M
268M
-506M
-1,351M
371M
-9,488M
2,158M
19.27 %
-9,121M
0M
3,108M
10,465M
1,269M
9,196M
11,609M
11,195M
9,930M
750M
295M
1,775M
-904M
-1,470M
1,097M
-10,328M
1,903M
19.16 %
-8,753M
399M
962M
9,196M
-706M
9,902M
10,098M
9,463M
8,687M
726M
273M
762M
-916M
-55M
814M
-6,555M
1,741M
20.09 %
-5,904M
1,374M
-345M
9,902M
-2,517M
12,419M
8,649M
7,224M
6,411M
580M
254M
1,056M
-1,150M
29M
708M
-2,152M
1,605M
25.12 %
-4,473M
3,959M
3,926M
12,419M
3,450M
8,969M
6,516M
8,183M
8,118M
522M
250M
998M
-1,698M
999M
728M
-5,867M
1,345M
16.62 %
-6,497M
2,224M
-375M
8,969M
632M
8,337M
7,455M
6,223M
5,859M
459M
196M
1,266M
-1,313M
103M
504M
-4,966M
1,044M
17.86 %
-4,933M
991M
1,011M
8,337M
745M
7,592M
5,719M
5,555M
3,915M
437M
176M
1,227M
-286M
-35M
423M
-4,764M
942M
24.11 %
-3,762M
-64M
-53M
5,933M
-788M
6,721M
5,132M
4,484M
4,059M
373M
50M
889M
-867M
-752M
382M
-2,293M
837M
20.6 %
-3,511M
1,972M
2,055M
6,721M
974M
5,747M
4,102M
4,043M
3,808M
366M
22M
683M
-820M
210M
342M
-2,458M
727M
19.1 %
-3,518M
1,735M
1,787M
5,747M
610M
5,137M
3,701M
3,407M
3,617M
321M
-15M
743M
-1,168M
1,450M
334M
-2,339M
515M
14.24 %
-3,386M
1,530M
1,562M
5,137M
1,538M
3,599M
3,073M
4,135M
3,116M
258M
63M
67M
750M
299M
299M
-2,629M
255M
8.2 %
-2,443M
35M
69M
3,599M
1,547M
2,052M
3,836M
2,948M
2,758M
230M
42M
53M
-334M
-1,818M
218M
-1,798M
132M
4.57 %
-1,748M
0M
82M
2,052M
-1,682M
3,734M
2,730M
2,684M
1,904M
194M
80M
-26M
707M
-125M
177M
-1,215M
77M
4.05 %
-1,148M
-21M
12M
3,734M
667M
3,067M
2,507M
1,697M
1,847M
148M
63M
-170M
-439M
11M
151M
19M
79M
4.26 %
11M
0M
98M
3,067M
1,012M
2,055M
1,546M
1,378M
1,463M
141M
88M
23M
-674M
-516M
139M
-185M
79M
5.31 %
-5M
-149M
39M
2,055M
550M
1,505M
1,239M
413M
-254M
112M
61M
-96M
1,075M
0M
170M
-751M
79M
-30 %
-649M
0M
57M
1,505M
-154M
1,659M
243M
770M
1,086M
98M
-15M
-282M
-111M
0M
156M
-658M
74M
6.25 %
-601M
0M
15M
1,659M
474M
1,185M
613M
650M
50M
100M
10M
414M
44M
0M
94M
638M
12M
25 %
-1,800M
0M
1,800M
1,185M
640M
545M
556M
273M
267M
110M
0M
12M
-62M
0M
82M
0M
0M
0 %
0M
0M
-34M
545M
216M
329M
191M
344M
238M
123M
0M
12M
-70M
0M
78M
0M
0M
0 %
0M
0M
-275M
329M
81M
248M
266M
190M
-386M
120M
0M
6M
692M
0M
143M
0M
0M
-0 %
0M
0M
-162M
374M
38M
336M
47M
306M
116M
91M
0M
9M
86M
0M
101M
-35M
0M
0 %
0M
0M
-311M
336M
160M
176M
204M
196M
142M
70M
0M
15M
-27M
0M
108M
5M
0M
0 %
0M
0M
5M
176M
-17M
193M
89M
Concept
Operating Cash Flow
Net Income
Depreciation & Amortization
Stock based compensation
Other non cash items
Change in working capital
Investing Cash Flow
Capital Expenditures
Financing Cash Flow
Dividends Paid
Payout Ratio
Share Issuance / Repurchase
Debt Issued / Paid
Other Investing Activities
End Cash Position
Changes in Cash
Beginning Cash Position
Free Cash Flow
4Q2023
3Q2023
2Q2023
1Q2023
4Q2022
3Q2022
2Q2022
1Q2022
4Q2021
3Q2021
2Q2021
1Q2021
4Q2020
3Q2020
2Q2020
1Q2020
4Q2019
3Q2019
2Q2019
1Q2019
4Q2018
3Q2018
2Q2018
1Q2018
4Q2017
3Q2017
2Q2017
1Q2017
4Q2016
3Q2016
2Q2016
1Q2016
4Q2015
3Q2015
2Q2015
1Q2015
4Q2014
3Q2014
2Q2014
1Q2014
4Q2013
3Q2013
2Q2013
1Q2013
4Q2012
3Q2012
2Q2012
1Q2012
4Q2011
3Q2011
2Q2011
1Q2011
4Q2010
3Q2010
2Q2010
1Q2010
4Q2009
3Q2009
2Q2009
1Q2009
4Q2008
3Q2008
2Q2008
1Q2008
4Q2007
3Q2007
2Q2007
1Q2007
4Q2006
3Q2006
2Q2006
1Q2006
4Q2005
3Q2005
2Q2005
1Q2005
4Q2004
3Q2004
2Q2004
1Q2004
4Q2003
3Q2003
2Q2003
1Q2003
4Q2002
3Q2002
4,130M
2,791M
205M
86M
1,218M
-173M
-214M
77M
-2,350M
534M
19.19 %
-1,840M
0M
24M
10,465M
1,723M
8,742M
4,053M
3,233M
3,198M
211M
131M
471M
-515M
-522M
234M
-2,404M
538M
16.81 %
-1,906M
4M
40M
8,742M
221M
8,521M
2,999M
2,698M
2,845M
192M
135M
316M
-943M
-218M
233M
-2,779M
541M
19 %
-2,416M
61M
178M
8,521M
-279M
8,800M
2,465M
1,919M
2,361M
191M
108M
592M
-1,204M
47M
352M
-1,955M
545M
23.08 %
-2,878M
1,489M
1,415M
8,800M
-396M
9,196M
1,567M
3,100M
2,525M
184M
22M
405M
26M
-350M
339M
-3,614M
473M
18.7 %
-2,414M
-728M
-93M
9,196M
-580M
9,776M
2,761M
3,856M
2,499M
185M
98M
347M
850M
-30M
277M
-1,739M
474M
18.99 %
-1,551M
284M
561M
9,776M
1,624M
8,152M
3,579M
2,457M
2,275M
189M
101M
512M
-474M
4M
187M
-2,821M
477M
20.94 %
-2,380M
284M
36M
8,152M
-1,063M
9,215M
2,270M
1,782M
2,631M
192M
74M
511M
-1,306M
26M
294M
-2,154M
479M
18.28 %
-2,408M
843M
733M
9,215M
-687M
9,902M
1,488M
3,189M
2,379M
189M
32M
267M
342M
-16M
228M
-1,617M
434M
18.26 %
-1,276M
92M
69M
9,902M
1,061M
8,841M
2,961M
2,543M
2,414M
188M
89M
149M
-263M
117M
249M
-2,137M
434M
18.03 %
-1,561M
92M
-142M
8,841M
218M
8,623M
2,294M
2,268M
2,066M
186M
87M
91M
-114M
-95M
193M
-2,195M
434M
21.15 %
-1,711M
92M
-50M
8,623M
-992M
9,615M
2,075M
1,463M
1,828M
163M
65M
255M
-881M
-19M
144M
-606M
439M
24.04 %
-1,356M
1,282M
1,189M
9,615M
-2,804M
12,419M
1,319M
2,253M
1,785M
150M
52M
102M
98M
-69M
151M
-1,375M
399M
22.47 %
-1,030M
1,282M
45M
12,419M
15M
12,404M
2,102M
1,654M
1,513M
141M
75M
419M
-472M
-7M
165M
-2,468M
402M
26.49 %
-2,060M
1,282M
-6M
12,404M
-898M
13,302M
1,489M
1,458M
1,420M
145M
75M
104M
-289M
91M
183M
-409M
401M
28.37 %
34M
1,282M
-8M
13,302M
969M
12,333M
1,275M
1,859M
1,693M
144M
52M
431M
-487M
14M
209M
2,100M
403M
23.81 %
-1,383M
3,959M
3,886M
12,333M
3,364M
8,969M
1,650M
2,980M
2,100M
146M
43M
147M
565M
73M
185M
-582M
333M
15.94 %
-994M
744M
1,256M
8,969M
1,997M
6,972M
2,795M
2,355M
2,108M
137M
77M
364M
-280M
45M
219M
-2,125M
335M
15.94 %
-1,762M
744M
-28M
6,972M
-473M
7,445M
2,136M
1,536M
2,048M
122M
73M
136M
-870M
515M
182M
-937M
337M
16.5 %
-1,917M
1,480M
1,317M
7,445M
-140M
7,585M
1,354M
1,312M
1,862M
117M
57M
351M
-1,113M
366M
142M
-2,223M
340M
18.33 %
-1,824M
1,480M
-59M
7,585M
-752M
8,337M
1,170M
1,332M
899M
113M
43M
370M
-58M
-88M
123M
-1,133M
259M
28.74 %
-888M
1,480M
2M
8,337M
-141M
8,478M
1,209M
2,367M
1,899M
111M
55M
313M
91M
-91M
130M
-1,417M
260M
13.74 %
-1,164M
1,480M
7M
8,478M
710M
7,768M
2,237M
1,489M
1,569M
115M
55M
295M
-484M
-223M
125M
-1,751M
262M
16.67 %
-1,529M
0M
40M
7,768M
-656M
8,424M
1,364M
1,035M
1,492M
120M
43M
288M
-862M
505M
126M
-665M
263M
17.73 %
-1,352M
991M
950M
8,424M
832M
7,592M
909M
1,761M
227M
116M
39M
444M
793M
25M
122M
-1,270M
233M
104.76 %
-1,031M
-64M
-15M
5,933M
374M
5,559M
1,639M
1,755M
1,430M
118M
49M
252M
-61M
-38M
133M
-1,042M
235M
16.42 %
-838M
991M
31M
5,559M
382M
5,177M
1,622M
1,294M
1,177M
111M
49M
256M
-268M
-121M
74M
-1,215M
236M
20.18 %
-931M
-64M
-48M
5,177M
-829M
6,006M
1,220M
745M
1,081M
92M
39M
275M
-750M
-22M
94M
-1,237M
238M
22 %
-962M
-64M
-37M
6,006M
-715M
6,721M
651M
992M
933M
92M
35M
284M
-333M
77M
102M
675M
207M
22.09 %
-1,101M
1,972M
3,887M
6,721M
1,516M
5,205M
890M
1,425M
1,184M
93M
26M
237M
-122M
-528M
99M
-774M
209M
17.59 %
-591M
-64M
26M
5,205M
29M
5,176M
1,326M
1,059M
983M
93M
29M
179M
-237M
1M
106M
-649M
209M
21.35 %
-462M
0M
22M
5,176M
282M
4,894M
953M
1,008M
959M
95M
-40M
189M
-175M
-302M
75M
-1,545M
212M
22.09 %
-1,357M
0M
24M
4,894M
-853M
5,747M
933M
1,039M
890M
93M
21M
90M
-21M
222M
93M
758M
179M
20.25 %
-793M
1,735M
3,413M
5,747M
1,870M
3,877M
946M
1,272M
977M
94M
24M
258M
-98M
483M
106M
-1,100M
181M
18.6 %
-930M
0M
11M
3,877M
516M
3,361M
1,166M
821M
921M
92M
30M
188M
-374M
-54M
86M
-1,016M
183M
19.75 %
-848M
0M
15M
3,361M
-846M
4,207M
735M
911M
1,020M
87M
-53M
147M
-327M
-441M
57M
-1,100M
184M
17.98 %
-947M
0M
31M
4,207M
-930M
5,137M
854M
725M
801M
84M
28M
719M
-896M
661M
162M
-244M
127M
15.94 %
-155M
43M
30M
5,137M
675M
4,462M
563M
1,385M
1,015M
83M
3M
2M
285M
949M
70M
-510M
128M
12.64 %
-404M
0M
22M
4,462M
1,584M
2,878M
1,315M
729M
931M
81M
28M
20M
-321M
-307M
53M
-1,306M
129M
13.75 %
-1,158M
0M
-19M
2,878M
-1,141M
4,019M
676M
568M
870M
73M
-74M
2M
-236M
147M
49M
-279M
131M
15.07 %
-1,669M
1,487M
1,521M
4,019M
420M
3,599M
519M
1,199M
623M
71M
36M
19M
535M
-97M
146M
-792M
73M
11.76 %
-751M
35M
19M
3,599M
186M
3,413M
1,053M
1,322M
879M
64M
28M
19M
334M
178M
50M
-416M
72M
8.22 %
-345M
0M
1M
3,413M
1,065M
2,348M
1,272M
742M
848M
61M
22M
13M
-175M
285M
61M
-638M
73M
8.57 %
-581M
0M
16M
2,348M
364M
1,984M
681M
872M
766M
62M
-23M
16M
56M
-67M
42M
-783M
37M
4.84 %
-766M
0M
20M
1,984M
-68M
2,052M
830M
866M
605M
62M
-24M
105M
-121M
-1,567M
54M
-647M
38M
6.25 %
-613M
0M
1M
2,052M
-993M
3,045M
812M
1,014M
772M
58M
25M
-5M
149M
0M
57M
-229M
37M
4.84 %
-216M
0M
24M
3,045M
-108M
3,153M
957M
641M
700M
56M
23M
15M
-112M
0M
56M
-702M
38M
5.36 %
-671M
0M
7M
3,153M
-531M
3,684M
585M
427M
681M
54M
18M
-62M
-250M
-251M
51M
-220M
19M
1.85 %
-248M
0M
47M
3,684M
-50M
3,734M
376M
784M
18M
52M
27M
11M
987M
-637M
61M
-44M
19M
100 %
-30M
0M
1M
3,734M
-19M
3,753M
723M
1,007M
716M
51M
17M
-8M
189M
194M
44M
-88M
19M
1.79 %
-77M
0M
8M
3,753M
989M
2,764M
963M
538M
608M
49M
21M
4M
-183M
158M
47M
-418M
19M
2.13 %
-387M
-21M
-12M
2,764M
-190M
2,954M
491M
355M
562M
42M
15M
-33M
-286M
160M
25M
-665M
20M
4.65 %
-654M
0M
9M
2,954M
-113M
3,067M
330M
670M
415M
42M
14M
2M
107M
-39M
46M
-17M
20M
6.25 %
1M
0M
3M
3,067M
588M
2,479M
624M
589M
519M
36M
18M
14M
-46M
5M
40M
-23M
20M
5 %
1M
0M
-3M
2,479M
156M
2,323M
549M
343M
458M
35M
15M
13M
-239M
48M
45M
-18M
19M
2.86 %
3M
0M
1M
2,323M
204M
2,119M
298M
95M
455M
35M
16M
-199M
-261M
-3M
20M
77M
20M
5.71 %
6M
0M
97M
2,119M
64M
2,055M
75M
284M
294M
38M
19M
8M
-208M
0M
43M
-10M
20M
8.7 %
-5M
0M
11M
2,055M
-261M
2,316M
241M
316M
452M
36M
29M
3M
-324M
0M
34M
-9M
20M
5.71 %
0M
0M
10M
2,316M
268M
2,048M
282M
362M
349M
36M
26M
-11M
-82M
0M
35M
0M
20M
7.41 %
0M
0M
19M
2,048M
370M
1,678M
327M
416M
367M
31M
15M
23M
-60M
0M
28M
-165M
20M
7.14 %
-5M
0M
8M
1,678M
173M
1,505M
388M
-517M
239M
30M
-48M
101M
-888M
0M
48M
-21M
20M
11.11 %
649M
0M
-1M
1,505M
-566M
2,071M
-565M
388M
-194M
29M
4M
43M
463M
0M
55M
-10M
20M
-13.33 %
0M
0M
5M
2,071M
302M
1,769M
333M
319M
-747M
28M
3M
24M
1,553M
0M
36M
-449M
20M
-3.51 %
-355M
0M
3M
1,769M
-103M
1,873M
283M
224M
447M
25M
-41M
-123M
-53M
0M
32M
-272M
20M
5.88 %
-294M
0M
41M
1,873M
213M
1,659M
192M
52M
304M
26M
-15M
-229M
-36M
0M
45M
-335M
20M
8.7 %
-323M
0M
8M
1,659M
-28M
1,687M
7M
272M
314M
22M
-103M
21M
23M
0M
37M
-297M
21M
8.7 %
0M
0M
-276M
1,687M
167M
1,520M
235M
375M
252M
25M
2M
16M
100M
0M
39M
-17M
21M
11.11 %
0M
0M
4M
1,520M
311M
1,210M
337M
71M
215M
24M
8,425M
-8,415M
-198M
0M
36M
-8M
12M
6.25 %
0M
0M
4M
1,210M
25M
1,185M
35M
203M
41M
25M
2M
6M
116M
0M
32M
-12M
12M
33.33 %
0M
0M
-2,450M
1,185M
-236M
1,421M
172M
263M
193M
25M
-392M
401M
10M
0M
31M
650M
0M
0 %
0M
0M
-57M
1,421M
211M
1,210M
232M
143M
-310M
25M
0M
403M
39M
0M
26M
650M
0M
-0 %
0M
0M
650M
1,210M
715M
495M
117M
41M
127M
25M
0M
3M
-121M
0M
6M
0M
0M
0 %
0M
0M
-98M
495M
-50M
545M
35M
-76M
67M
27M
0M
-20M
-150M
0M
16M
0M
0M
0 %
0M
0M
93M
545M
14M
531M
-92M
151M
67M
26M
0M
97M
4M
0M
9M
-71M
0M
0 %
0M
0M
71M
531M
11M
520M
142M
212M
67M
29M
0M
4M
131M
0M
13M
55M
0M
0 %
0M
0M
109M
520M
160M
360M
199M
-14M
67M
28M
0M
-200M
85M
0M
6M
16M
0M
0 %
0M
0M
32M
360M
31M
329M
-20M
50M
60M
31M
0M
-13M
-73M
0M
17M
-8M
0M
0 %
0M
0M
-8M
598M
19M
579M
33M
149M
60M
29M
0M
-44M
110M
0M
8M
8M
0M
0 %
0M
0M
8M
437M
-5M
442M
142M
132M
60M
31M
0M
-14M
64M
0M
5M
0M
0M
0 %
0M
0M
-111M
367M
22M
345M
127M
13M
60M
32M
0M
-167M
79M
0M
1M
0M
0M
0 %
0M
0M
35M
293M
45M
248M
12M
0M
-67M
31M
0M
1M
61M
0M
35M
0M
0M
-0 %
0M
0M
-45M
374M
-40M
415M
-35M
143M
74M
28M
0M
4M
39M
0M
21M
0M
0M
0 %
0M
0M
-34M
415M
110M
305M
122M
196M
32M
31M
0M
0M
138M
0M
35M
0M
0M
0 %
0M
0M
-35M
305M
164M
141M
161M
-149M
-425M
30M
0M
0M
454M
0M
53M
0M
0M
-0 %
0M
0M
-47M
141M
-195M
336M
-202M
131M
-51M
28M
0M
7M
149M
0M
36M
0M
0M
-0 %
0M
0M
0M
336M
67M
270M
95M
43M
78M
28M
0M
6M
-69M
0M
26M
-25M
0M
0 %
0M
0M
-25M
270M
-39M
309M
17M