Visa Inc
NYSE:V
Cash Flow Statement
Cash Flow Statement
Visa Inc
Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Income |
5 422
|
5 557
|
5 438
|
5 600
|
5 552
|
5 889
|
6 328
|
6 700
|
6 857
|
5 572
|
5 991
|
6 120
|
4 843
|
6 490
|
6 699
|
7 151
|
9 326
|
9 596
|
10 301
|
10 756
|
11 128
|
11 900
|
12 080
|
12 375
|
12 482
|
11 754
|
10 866
|
10 720
|
10 662
|
10 864
|
12 311
|
13 144
|
13 765
|
14 601
|
14 957
|
15 177
|
15 787
|
16 532
|
17 273
|
17 984
|
18 390
|
|
Depreciation & Amortization |
421
|
429
|
435
|
448
|
466
|
487
|
494
|
494
|
490
|
480
|
502
|
528
|
538
|
550
|
556
|
555
|
577
|
597
|
613
|
627
|
634
|
647
|
656
|
679
|
711
|
743
|
767
|
782
|
791
|
798
|
804
|
805
|
811
|
837
|
861
|
890
|
917
|
922
|
943
|
963
|
978
|
|
Change in Deffered Taxes |
(428)
|
(393)
|
(580)
|
(502)
|
(32)
|
(26)
|
195
|
143
|
(7)
|
(604)
|
(764)
|
(732)
|
965
|
1 554
|
1 700
|
704
|
(945)
|
(1 148)
|
(1 277)
|
(219)
|
(76)
|
90
|
214
|
28
|
(79)
|
(136)
|
307
|
359
|
317
|
1 404
|
873
|
853
|
921
|
(311)
|
(336)
|
(453)
|
(511)
|
(386)
|
(483)
|
(292)
|
(397)
|
|
Stock-Based Compensation |
170
|
170
|
172
|
172
|
176
|
181
|
187
|
181
|
191
|
200
|
221
|
227
|
240
|
252
|
235
|
258
|
272
|
294
|
327
|
359
|
385
|
406
|
407
|
423
|
411
|
408
|
416
|
422
|
476
|
528
|
542
|
548
|
585
|
578
|
602
|
651
|
684
|
723
|
765
|
797
|
816
|
|
Other Non-Cash Items |
2 501
|
2 603
|
3 164
|
3 250
|
3 372
|
3 530
|
3 112
|
2 972
|
3 078
|
3 170
|
3 371
|
3 835
|
4 218
|
4 524
|
4 837
|
5 202
|
5 348
|
5 562
|
5 743
|
5 847
|
5 869
|
5 986
|
6 137
|
6 473
|
6 831
|
6 827
|
6 898
|
7 083
|
7 215
|
7 464
|
7 941
|
8 175
|
9 055
|
10 203
|
11 024
|
11 830
|
12 272
|
12 611
|
13 044
|
13 549
|
13 874
|
|
Cash Taxes Paid |
1 566
|
2 060
|
2 656
|
2 617
|
2 640
|
2 605
|
2 486
|
2 508
|
2 611
|
(1 449)
|
2 842
|
2 859
|
2 952
|
7 124
|
3 038
|
3 125
|
2 624
|
2 448
|
2 285
|
2 270
|
2 469
|
2 628
|
2 648
|
2 825
|
2 958
|
2 449
|
2 671
|
2 578
|
2 485
|
3 012
|
3 012
|
3 028
|
3 614
|
3 769
|
3 741
|
4 194
|
4 269
|
3 863
|
3 433
|
4 215
|
4 456
|
|
Cash Interest Paid |
32
|
61
|
62
|
63
|
61
|
87
|
81
|
0
|
0
|
258
|
244
|
488
|
488
|
489
|
489
|
486
|
521
|
510
|
545
|
538
|
538
|
538
|
537
|
537
|
537
|
537
|
537
|
584
|
608
|
617
|
643
|
606
|
607
|
608
|
607
|
607
|
596
|
627
|
617
|
586
|
585
|
|
Change in Working Capital |
(244)
|
(739)
|
(1 252)
|
(1 371)
|
(2 884)
|
(3 237)
|
(3 545)
|
(3 507)
|
(3 754)
|
(3 762)
|
(3 526)
|
(3 648)
|
(4 905)
|
(4 225)
|
(4 475)
|
(3 990)
|
(2 311)
|
(2 266)
|
(2 439)
|
(3 589)
|
(4 838)
|
(6 405)
|
(6 303)
|
(6 190)
|
(7 177)
|
(6 802)
|
(8 398)
|
(8 866)
|
(7 045)
|
(7 178)
|
(6 702)
|
(7 031)
|
(8 446)
|
(8 386)
|
(7 657)
|
(8 656)
|
(9 306)
|
(9 975)
|
(10 022)
|
(12 006)
|
(11 969)
|
|
Cash from Operating Activities |
7 672
N/A
|
7 457
-3%
|
7 205
-3%
|
7 425
+3%
|
6 474
-13%
|
6 643
+3%
|
6 584
-1%
|
6 802
+3%
|
6 664
-2%
|
4 856
-27%
|
5 574
+15%
|
6 103
+9%
|
5 659
-7%
|
8 893
+57%
|
9 317
+5%
|
9 622
+3%
|
11 995
+25%
|
12 341
+3%
|
12 941
+5%
|
13 422
+4%
|
12 717
-5%
|
12 218
-4%
|
12 784
+5%
|
13 365
+5%
|
12 768
-4%
|
12 386
-3%
|
10 440
-16%
|
10 078
-3%
|
11 940
+18%
|
13 352
+12%
|
15 227
+14%
|
15 946
+5%
|
16 106
+1%
|
16 944
+5%
|
18 849
+11%
|
18 788
0%
|
19 159
+2%
|
19 704
+3%
|
20 755
+5%
|
20 198
-3%
|
20 876
+3%
|
|
Investing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Capital Expenditures |
(477)
|
(464)
|
(553)
|
(537)
|
(538)
|
(503)
|
(414)
|
(436)
|
(462)
|
(520)
|
(523)
|
(568)
|
(590)
|
(653)
|
(707)
|
(677)
|
(744)
|
(718)
|
(718)
|
(734)
|
(677)
|
(702)
|
(756)
|
(790)
|
(850)
|
(817)
|
(736)
|
(705)
|
(647)
|
(665)
|
(705)
|
(718)
|
(827)
|
(883)
|
(970)
|
(1 046)
|
(989)
|
(1 049)
|
(1 059)
|
(1 077)
|
(1 148)
|
|
Other Items |
(344)
|
212
|
(388)
|
(764)
|
(854)
|
(1 272)
|
(1 021)
|
(6 557)
|
(2 262)
|
(9 798)
|
(10 393)
|
(4 571)
|
(6 212)
|
1 483
|
1 442
|
1 122
|
(1 926)
|
(1 439)
|
(2 366)
|
(1 713)
|
(1 666)
|
(664)
|
165
|
831
|
3 096
|
2 121
|
2 163
|
2 209
|
1 107
|
1 330
|
553
|
(620)
|
(3 131)
|
(5 210)
|
(3 318)
|
(3 205)
|
(1 802)
|
338
|
(947)
|
(2 308)
|
(3 088)
|
|
Cash from Investing Activities |
(821)
N/A
|
(252)
+69%
|
(941)
-273%
|
(1 301)
-38%
|
(1 392)
-7%
|
(1 775)
-28%
|
(1 435)
+19%
|
(6 993)
-387%
|
(2 724)
+61%
|
(10 318)
-279%
|
(10 916)
-6%
|
(5 139)
+53%
|
(6 802)
-32%
|
830
N/A
|
735
-11%
|
445
-39%
|
(2 670)
N/A
|
(2 157)
+19%
|
(3 084)
-43%
|
(2 447)
+21%
|
(2 343)
+4%
|
(1 366)
+42%
|
(591)
+57%
|
41
N/A
|
2 246
+5 378%
|
1 304
-42%
|
1 427
+9%
|
1 504
+5%
|
460
-69%
|
665
+45%
|
(152)
N/A
|
(1 338)
-780%
|
(3 958)
-196%
|
(6 093)
-54%
|
(4 288)
+30%
|
(4 251)
+1%
|
(2 791)
+34%
|
(711)
+75%
|
(2 006)
-182%
|
(3 385)
-69%
|
(4 236)
-25%
|
|
Financing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Issuance of Common Stock |
(4 420)
|
(4 582)
|
(4 027)
|
(3 747)
|
(3 684)
|
(3 588)
|
(2 828)
|
(4 041)
|
(4 735)
|
(5 387)
|
(7 062)
|
(6 913)
|
(6 728)
|
(6 703)
|
(6 742)
|
(6 630)
|
(7 107)
|
(7 169)
|
(7 028)
|
(7 648)
|
(7 523)
|
(7 912)
|
(8 445)
|
(8 415)
|
(9 597)
|
(8 522)
|
(7 924)
|
(7 344)
|
(5 931)
|
(7 041)
|
(8 468)
|
(10 778)
|
(12 007)
|
(12 254)
|
(11 393)
|
(10 407)
|
(9 644)
|
(10 221)
|
(11 841)
|
(12 258)
|
(12 805)
|
|
Net Issuance of Debt |
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
15 971
|
15 971
|
15 971
|
15 971
|
566
|
0
|
0
|
2 488
|
172
|
738
|
738
|
(1 750)
|
0
|
0
|
0
|
0
|
0
|
1 001
|
3 985
|
7 212
|
4 212
|
3 211
|
227
|
(3 000)
|
0
|
300
|
3 218
|
2 218
|
(32)
|
(332)
|
(3 250)
|
(2 250)
|
0
|
0
|
|
Cash Paid for Dividends |
(934)
|
(969)
|
(1 006)
|
(1 049)
|
(1 090)
|
(1 133)
|
(1 177)
|
(1 220)
|
(1 262)
|
(1 303)
|
(1 350)
|
(1 409)
|
(1 469)
|
(1 528)
|
(1 579)
|
(1 638)
|
(1 732)
|
(1 825)
|
(1 918)
|
(2 032)
|
(2 111)
|
(2 189)
|
(2 269)
|
(2 368)
|
(2 467)
|
(2 565)
|
(2 664)
|
(2 696)
|
(2 729)
|
(2 764)
|
(2 798)
|
(2 904)
|
(3 005)
|
(3 105)
|
(3 203)
|
(3 339)
|
(3 478)
|
(3 617)
|
(3 751)
|
(3 866)
|
(3 985)
|
|
Other |
(1 053)
|
(1 049)
|
(1 445)
|
(1 364)
|
(89)
|
(58)
|
402
|
233
|
(10)
|
(17)
|
(82)
|
(31)
|
(21)
|
(64)
|
(91)
|
(119)
|
37
|
(108)
|
(94)
|
(107)
|
(259)
|
(1 346)
|
(1 347)
|
(1 393)
|
(1 399)
|
(281)
|
(592)
|
(579)
|
(577)
|
(458)
|
(144)
|
(123)
|
(120)
|
(134)
|
(318)
|
(298)
|
(148)
|
(144)
|
70
|
320
|
38
|
|
Cash from Financing Activities |
(6 408)
N/A
|
(6 600)
-3%
|
(6 478)
+2%
|
(6 160)
+5%
|
(4 863)
+21%
|
(4 779)
+2%
|
(3 603)
+25%
|
10 943
N/A
|
9 964
-9%
|
9 264
-7%
|
7 477
-19%
|
(7 787)
N/A
|
(8 218)
-6%
|
(8 295)
-1%
|
(5 924)
+29%
|
(8 215)
-39%
|
(8 064)
+2%
|
(8 364)
-4%
|
(10 790)
-29%
|
(9 787)
+9%
|
(9 893)
-1%
|
(11 447)
-16%
|
(12 061)
-5%
|
(12 176)
-1%
|
(12 462)
-2%
|
(7 383)
+41%
|
(3 968)
+46%
|
(6 407)
-61%
|
(6 026)
+6%
|
(10 036)
-67%
|
(14 410)
-44%
|
(13 805)
+4%
|
(14 832)
-7%
|
(12 275)
+17%
|
(12 696)
-3%
|
(14 076)
-11%
|
(13 602)
+3%
|
(17 232)
-27%
|
(17 772)
-3%
|
(15 804)
+11%
|
(16 752)
-6%
|
|
Change in Cash | ||||||||||||||||||||||||||||||||||||||||||
Effect of Foreign Exchange Rates |
0
|
0
|
(1)
|
0
|
0
|
0
|
1
|
0
|
0
|
(62)
|
(34)
|
(190)
|
(155)
|
122
|
236
|
472
|
563
|
53
|
(101)
|
(249)
|
(478)
|
(74)
|
(277)
|
(82)
|
(18)
|
(42)
|
440
|
617
|
368
|
359
|
(37)
|
(535)
|
(358)
|
(854)
|
(1 287)
|
(401)
|
(154)
|
282
|
636
|
244
|
(68)
|
|
Net Change in Cash |
443
N/A
|
605
+37%
|
(215)
N/A
|
(36)
+83%
|
219
N/A
|
89
-59%
|
1 547
+1 638%
|
10 752
+595%
|
13 904
+29%
|
3 740
-73%
|
2 101
-44%
|
(7 013)
N/A
|
(9 516)
-36%
|
1 550
N/A
|
4 364
+182%
|
2 324
-47%
|
1 824
-22%
|
1 873
+3%
|
(1 034)
N/A
|
939
N/A
|
3
-100%
|
(669)
N/A
|
(145)
+78%
|
1 148
N/A
|
2 534
+121%
|
6 265
+147%
|
8 339
+33%
|
5 792
-31%
|
6 742
+16%
|
4 340
-36%
|
628
-86%
|
268
-57%
|
(3 042)
N/A
|
(2 278)
+25%
|
578
N/A
|
60
-90%
|
2 612
+4 253%
|
2 043
-22%
|
1 613
-21%
|
1 253
-22%
|
(180)
N/A
|
|
Free Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Free Cash Flow |
7 195
N/A
|
6 993
-3%
|
6 652
-5%
|
6 888
+4%
|
5 936
-14%
|
6 140
+3%
|
6 170
+0%
|
6 366
+3%
|
6 202
-3%
|
4 336
-30%
|
5 051
+16%
|
5 535
+10%
|
5 069
-8%
|
8 240
+63%
|
8 610
+4%
|
8 945
+4%
|
11 251
+26%
|
11 623
+3%
|
12 223
+5%
|
12 688
+4%
|
12 040
-5%
|
11 516
-4%
|
12 028
+4%
|
12 575
+5%
|
11 918
-5%
|
11 569
-3%
|
9 704
-16%
|
9 373
-3%
|
11 293
+20%
|
12 687
+12%
|
14 522
+14%
|
15 228
+5%
|
15 279
+0%
|
16 061
+5%
|
17 879
+11%
|
17 742
-1%
|
18 170
+2%
|
18 655
+3%
|
19 696
+6%
|
19 121
-3%
|
19 728
+3%
|