v3.21.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2019
Operating Activities      
Net income $ 12,311 $ 10,866 $ 12,080
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Client incentives 8,367 6,664 6,173
Share-based compensation 542 416 407
Depreciation and amortization of property, equipment, technology and intangible assets 804 767 656
Deferred income taxes 873 307 214
VE territory covered losses incurred (147) (37) (172)
(Gains) losses on equity investments, net (712) (101) (131)
Other (109) (44) (140)
Change in operating assets and liabilities:      
Settlement receivable (468) 1,858 (1,533)
Accounts receivable (343) (43) (333)
Client incentives (7,510) (8,081) (6,430)
Other assets (147) (402) (310)
Accounts payable 88 21 (24)
Settlement payable 679 (2,384) 1,931
Accrued and other liabilities 929 923 627
Accrued litigation 70 (290) (231)
Net cash provided by (used in) operating activities 15,227 10,440 12,784
Investing Activities      
Purchases of property, equipment and technology (705) (736) (756)
Investment securities:      
Purchases (5,111) (2,075) (2,653)
Proceeds from maturities and sales 5,701 4,510 3,996
Acquisitions, net of cash and restricted cash acquired (75) (77) (699)
Purchases of / contributions to other investments (71) (267) (501)
Other investing activities 109 72 22
Net cash provided by (used in) investing activities (152) 1,427 (591)
Financing Activities      
Repurchase of class A common stock (8,676) (8,114) (8,607)
Repayments of debt (3,000) 0 0
Dividends paid (2,798) (2,664) (2,269)
Proceeds from issuance of senior notes 0 7,212 0
Payment of deferred purchase consideration related to the Visa Europe acquisition 0 0 (1,236)
Cash proceeds from issuance of class A common stock under employee equity plans 208 190 162
Restricted stock and performance-based shares settled in cash for taxes (144) (160) (111)
Payments to settle derivative instruments 0 (333) 0
Other financing activities 0 (99) 0
Net cash provided by (used in) financing activities (14,410) (3,968) (12,061)
Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents (37) 440 (277)
Increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents 628 8,339 (145)
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of year 19,171 10,832 10,977
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of year 19,799 19,171 10,832
Supplemental Disclosure      
Cash paid for income taxes, net 3,012 2,671 2,648
Interest payments on debt 643 537 537
Accruals related to purchases of property, equipment and technology $ 41 $ 38 $ 95