XML 19 R8.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Operating Activities    
Net income $ 3,272 $ 2,977
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Client incentives (Note 2) 1,748 1,456
Share-based compensation (Note 11) 116 100
Depreciation and amortization of property, equipment, technology and intangible assets 182 159
Deferred income taxes (47) 139
VE territory covered losses incurred (Note 4) (4) (91)
Other (50) 9
Change in operating assets and liabilities:    
Settlement receivable (183) (1,551)
Accounts receivable (107) (200)
Client incentives (1,943) (1,361)
Other assets 123 (37)
Accounts payable (12) (46)
Settlement payable 218 1,739
Accrued and other liabilities 136 (54)
Accrued litigation (Note 13) 426 55
Net cash provided by (used in) operating activities 3,875 3,294
Investing Activities    
Purchases of property, equipment and technology (191) (157)
Investment securities:    
Purchases (400) (1,124)
Proceeds from maturities and sales 1,202 1,233
Acquisitions, net of cash acquired (77) 0
Purchases of / contributions to other investments (9) (22)
Proceeds / distributions from other investments 1 0
Other investing activities 36 0
Net cash provided by (used in) investing activities 562 (70)
Financing Activities    
Repurchase of class A common stock (Note 9) (2,370) (2,393)
Dividends paid (Note 9) (671) (572)
Cash proceeds from issuance of common stock under employee equity plans 55 48
Restricted stock and performance-based shares settled in cash for taxes (147) (101)
Net cash provided by (used in) financing activities (3,133) (3,018)
Effect of exchange rate changes on cash and cash equivalents 127 (68)
Increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents 1,431 138
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period (Note 3) 10,832 10,977
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period (Note 3) 12,263 11,115
Supplemental Disclosure    
Income taxes paid, net of refunds 345 168
Interest payments on debt 234 234
Accruals related to purchases of property, equipment and technology $ 66 $ 34