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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows from Operating Activities    
Net Income $ 883.8 $ 711.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 20.2 20.0
Amortization of purchased intangibles 56.8 58.4
Depreciation and amortization 31.9 33.5
Net realized and unrealized (gains) losses on investments (74.8) (3.5)
Deferred income taxes (8.7) (5.1)
Change in:    
Accounts receivable (241.2) (174.0)
Other current assets 54.7 (69.7)
Other assets 19.4 19.0
Accounts payable (24.2) 32.0
Income taxes payable 282.5 165.9
Other current liabilities (106.7) 6.3
Other liabilities (7.2) (14.7)
Other 15.9 20.0
Net Cash Provided by (Used in) Operating Activities 902.4 799.1
Cash Flows from Investing Activities    
Proceeds from maturities of available-for-sale marketable securities 0.7 2.7
Purchases of available-for-sale marketable securities (0.3) (2.2)
Purchases of property, net (15.2) (23.4)
Investments in privately-held equity investments 2.4 0.0
Net Cash Used in Investing Activities (17.2) (22.9)
Cash Flows from Financing Activities    
Proceeds from debt, net of issuance costs 0.0 742.7
Repayment of debt, including call premium 0.0 756.1
Cash dividends (2,035.6) (1,543.5)
Change in performance bond and guaranty fund contributions (7,158.5) 9,787.1
Employee taxes paid on restricted stock vesting (0.3) (4.3)
Other (4.1) (4.3)
Net Cash (Used in) Provided by Financing Activities (9,198.5) 8,221.6
Net change in cash, cash equivalents and restricted cash (8,313.3) 8,997.8
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, beginning balance 137,974.3 160,789.9
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, ending balance 129,661.0 169,787.7
Cash and cash equivalents 1,565.2 2,045.7
Short-term restricted cash 5.1 4.8
Long-term restricted cash 0.0 0.5
Restricted cash and restricted cash equivalents (performance bonds and guaranty fund contributions) 128,090.7 167,736.7
Income taxes paid 30.9 44.6
Interest paid 41.1 43.4
Accrued proceeds from sale of investments $ 97.9 $ 0.0