|
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
|
6 Months Ended |
|
Mar. 31, 2015
|
Mar. 31, 2014
|
| Operating Activities |
|
|
| Net income |
$ 3,119 |
$ 3,005 |
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Amortization of client incentives |
1,389 |
1,186 |
| Share-based compensation |
93 |
89 |
| Excess tax benefit for share-based compensation |
(70) |
(68) |
| Depreciation and amortization of property, equipment, technology and intangible assets |
245 |
214 |
| Deferred income taxes |
173 |
(375) |
| Other |
15 |
12 |
| Change in operating assets and liabilities: |
|
|
| Settlement receivable |
107 |
47 |
| Accounts receivable |
(74) |
(71) |
| Client incentives |
(1,479) |
(1,251) |
| Other assets |
(467) |
(350) |
| Accounts payable |
(44) |
(68) |
| Settlement payable |
(206) |
(126) |
| Accrued and other liabilities |
262 |
171 |
| Accrued litigation (Note 12) |
(324) |
1,055 |
| Net cash provided by operating activities |
2,739 |
3,470 |
| Investing Activities |
|
|
| Purchases of property, equipment, technology and intangible assets |
(202) |
(217) |
| Proceeds from Sale of Property, Plant, and Equipment |
10 |
|
| Investment securities, available-for-sale: |
|
|
| Purchases |
(1,267) |
(1,292) |
| Proceeds from sales and maturities |
895 |
1,406 |
| Purchases of / contributions to other investments |
(2) |
(3) |
| Proceeds from Sale of Other Investments |
9 |
|
| Net cash used in investing activities |
(557) |
(106) |
| Financing Activities |
|
|
| Repurchase of class A common stock (Note 8) |
(1,855) |
(2,210) |
| Dividends paid (Note 8) |
(591) |
(507) |
| Payments from (return to) litigation escrow account—retrospective responsibility plan (Note 2 and Note 12) |
321 |
(1,056) |
| Cash proceeds from exercise of stock options |
46 |
58 |
| Restricted stock and performance-based shares settled in cash for taxes |
(106) |
(83) |
| Excess tax benefit for share-based compensation |
70 |
68 |
| Net cash used in financing activities |
(2,115) |
(3,730) |
| Effect of exchange rate changes on cash and cash equivalents |
1 |
0 |
| Increase (decrease) in cash and cash equivalents |
68 |
(366) |
| Cash and cash equivalents at beginning of year |
1,971 |
2,186 |
| Cash and cash equivalents at end of period |
2,039 |
1,820 |
| Supplemental Disclosure |
|
|
| Income taxes paid, net of refunds |
1,376 |
1,392 |
| Accruals related to purchases of property, equipment, technology and intangible assets |
$ 26 |
$ 27 |