Visa 2012 Annual Report Download - page 68

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Table of Contents
VISA INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS—(Continued)
See accompanying notes, which are an integral part of these consolidated financial statements.
65
For the Years Ended
September 30,
2012
2011
2010
(in millions)
Financing Activities
Repurchase of class A common stock (Note 15)
(710
)
(2,024
)
(1,000
)
Dividends paid (Note 15)
(595
)
(423
)
(368
)
Deposits into litigation escrow account—retrospective responsibility plan (Note 3)
(1,715
)
(1,200
)
(500
)
Payments from litigation escrow account—retrospective responsibility plan (Note 3)
140
280
280
Cash proceeds from exercise of stock options
174
99
56
Excess tax benefit for share-based compensation
71
18
14
Principal payments on capital lease obligations
(6
)
(10
)
(12
)
Payments for earn-out related to PlaySpan acquisition
(14
)
—
—
Principal payments on debt
—
(
44
)
(12
)
Net cash used in financing activities
(2,655
)
(3,304
)
(1,542
)
Effect of exchange rate changes on cash and cash equivalents
7
(9
)
5
Decrease in cash and cash equivalents
(53
)
(1,740
)
(750
)
Cash and cash equivalents at beginning of year
2,127
3,867
4,617
Cash and cash equivalents at end of year
$
2,074
$
2,127
$
3,867
Supplemental Disclosure of Cash Flow Information
Income taxes paid, net of refunds
$
2,057
$
1,731
$
1,291
Amounts included in accounts payable and accrued and other liabilities related to purchases
of property, equipment, technology and intangible assets
$
67
$
36
$
31
Interest payments on debt
$
—
$
3
$
4