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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Activities    
Net income $ 9,553 $ 8,436
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Client incentives 6,605 5,691
Share-based compensation 451 400
Depreciation and amortization 496 461
Deferred income taxes (68) (154)
VE territory covered losses incurred (60) (15)
(Gains) losses on equity investments, net 26 196
Other 58 (22)
Change in operating assets and liabilities:    
Settlement receivable (1,335) 147
Accounts receivable 34 (67)
Client incentives (7,088) (5,521)
Other assets (258) (77)
Accounts payable (25) (48)
Settlement payable 1,143 (493)
Accrued and other liabilities (1,479) (1,047)
Accrued litigation 99 144
Net cash provided by (used in) operating activities 8,152 8,031
Investing Activities    
Purchases of property, equipment and technology (548) (459)
Investment securities:    
Purchases (3,686) (2,487)
Proceeds from maturities and sales 2,145 1,760
Acquisitions, net of cash and restricted cash acquired (915) 0
Purchases of other investments (14) (70)
Settlement of derivative instruments 0 402
Other investing activities (47) 19
Net cash provided by (used in) investing activities (3,065) (835)
Financing Activities    
Repurchase of class A common stock (6,338) (5,309)
Repayments of debt 0 (2,250)
Dividends paid (2,120) (1,886)
Cash proceeds from issuance of class A common stock under equity plans 183 118
Restricted stock and performance-based shares settled in cash for taxes (181) (118)
Other financing activities 203 172
Net cash provided by (used in) financing activities (8,253) (9,273)
Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents 124 828
Increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents (3,042) (1,249)
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period 21,990 20,377
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period 18,948 19,128
Supplemental Disclosure    
Cash paid for income taxes, net 3,658 2,635
Interest payments on debt 261 293
Accruals related to purchases of property, equipment and technology $ 99 $ 148