Fiscal First Quarter 2024 Financial Results
Free Cash Flow
Cash, cash equivalents and investment securities were $21.4 billion as of December 31, 2023.
(in millions)
Calculation of Free Cash Flow
Net cash provided by operating activities
Less: capital expenditures
Free cash flow(1)
(1) Free Cash Flow is cash provided by operating activities adjusted to reflect capital investments made in the business.
(in millions)
Returns to Shareholders
Share repurchases (²)
Dividends
Q1 2024
$3,614
(267)
$3,347
Q1 2024
$3,359
$1,060
(2) Share repurchases include applicable taxes.
Note: Management believes that this presentation is useful to measure Visa's generation of cash available to first re-invest in the business, and then return excess cash to shareholders through share repurchases and cash dividends.
Fiscal First Quarter 2024 Financial Results
Ⓒ2024 Visa. All rights reserved.
VISA
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