XML 18 R6.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities:    
Net income $ 821.1 $ 513.7
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:    
Amortization and depreciation 119.9 135.5
Common share-based compensation expense 59.8 90.5
Other (gains)/losses, net (31.6) (67.2)
Other (gains)/losses of CIP, net (27.7) 22.2
Equity in earnings of unconsolidated affiliates (79.4) (22.9)
Distributions from equity method investees 40.7 83.1
Changes in operating assets and liabilities:    
(Purchase)/sale of investments by CIP, net 57.0 17.2
(Purchase)/sale of investments, net 81.5 (80.3)
(Increase)/decrease in receivables and other assets (123.2) 365.3
Increase/(decrease) in payables and other liabilities 151.4 (184.0)
Net cash provided by/(used in) operating activities 1,069.5 873.1
Investing activities:    
Purchase of property, equipment and software (60.7) (76.1)
Purchase of investments by CIP (3,059.9) (3,089.6)
Sale of investments by CIP 2,470.3 3,310.1
Purchase of investments (30.0) (140.3)
Sale of investments 0.1 0.2
Capital distribution from equity method investees 59.7 122.1
Net cash inflows/(outflows) upon consolidation/deconsolidation of CIP (1.7) (41.1)
Net cash provided by/(used in) investing activities (622.2) 85.3
Financing activities:    
Purchases of treasury shares (97.8) (53.3)
Repurchase of preferred shares (1,150.0) 0.0
Dividends paid - preferred (160.2) (177.6)
Dividends paid - common (282.7) (278.7)
Third-party capital invested into CIP 176.9 125.5
Third-party capital distributed by CIP (157.2) (159.8)
Borrowings of debt of CIP 2,970.7 351.2
Repayments of debt of CIP (2,538.0) (476.4)
Borrowings of Revolving credit agreement 2,072.7 1,920.3
Repayments of Revolving credit agreement (2,072.7) (1,920.3)
Net proceeds from bank term loans 992.7 0.0
Repayment of debts (260.0) (600.0)
Net cash provided by/(used in) financing activities (505.6) (1,269.1)
Increase/(decrease) in cash and cash equivalents (58.3) (310.7)
Supplemental Cash Flow Information [Abstract]    
Foreign exchange movement on cash and cash equivalents 49.7 16.8
Foreign exchange movement on cash and cash equivalents of CIP 36.4 1.7
Cash and cash equivalents, beginning of period 1,496.0 1,931.6
Cash and cash equivalents, end of period 1,523.8 1,639.4
Cash and cash equivalents 973.1 1,044.9
Cash and cash equivalents of CIP 550.7 594.5
Total cash and cash equivalents per condensed consolidated statement of cash flows $ 1,523.8 $ 1,639.4