Visa Inc.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $6.70B | $5.99B | $6.33B | $5.44B | $4.98B | $2.14B | $3.65B | $2.97B |
| Depreciation & Amortization | $556.0M | $502.0M | $494.0M | $435.0M | $397.0M | $333.0M | $288.0M | $265.0M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $56.0M | $50.0M | $63.0M | $66.0M | $69.0M | $68.0M | $63.0M | $10.0M |
| Stock-Based Compensation | $235.0M | $221.0M | $187.0M | $172.0M | $179.0M | $147.0M | $154.0M | $131.0M |
| Net Cash from Operating Activities | $9.32B | $5.57B | $6.58B | $7.21B | $3.02B | $5.01B | $3.87B | $2.69B |
| Investing Activities | ||||||||
| Capital Expenditures | $707.0M | $523.0M | $414.0M | $553.0M | $471.0M | $376.0M | $353.0M | $241.0M |
| Business Acquisitions | $302.0M | $9.08B | $93.0M | $149.0M | $0 | $3.0M | $268.0M | $1.81B |
| Net Cash from Investing Activities | $735.0M | $-10.92B | $-1.44B | $-941.0M | $-1.16B | $-2.41B | $-2.30B | $-1.90B |
| Financing Activities | ||||||||
| Dividends Paid | $1.58B | $1.35B | $1.18B | $1.01B | $864.0M | $595.0M | $423.0M | $368.0M |
| Stock Repurchases | $6.89B | — | $2.91B | $4.12B | $5.37B | $710.0M | $2.02B | $1.00B |
| Net Cash from Financing Activities | $-5.92B | $7.48B | $-3.60B | $-6.48B | $-1.75B | $-2.66B | $-3.30B | $-1.54B |
| Net Change in Cash | $4.26B | $2.10B | $1.55B | $-215.0M | $112.0M | $-53.0M | $-1.74B | $-750.0M |
| Free Cash Flow | $8.61B | $5.05B | $6.17B | $6.65B | $2.55B | $4.63B | $3.52B | $2.45B |