XML 22 R8.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities      
Net income $ 3,226.2 $ 2,691.0 $ 2,636.9
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock-based compensation 82.9 84.3 75.2
Amortization of purchased intangibles 226.6 227.7 237.6
Depreciation and amortization 126.0 134.9 147.8
Gain on sale of building 0.0 0.0 30.4
Gain on joint venture 0.0 0.0 400.7
Net realized and unrealized (gains)/losses on investments (72.1) (4.8) (117.0)
Deferred income taxes (75.0) (23.2) 34.8
Change in assets and liabilities:      
Accounts receivable (51.5) (51.1) (45.7)
Other current assets (637.8) (76.5) (55.4)
Other assets 92.0 87.0 61.3
Accounts payable (30.8) 72.5 (18.6)
Income tax payable (77.1) (147.8) (120.5)
Other current liabilities 642.7 88.1 61.9
Other liabilities (32.7) (67.4) (44.8)
Other 34.4 41.3 (20.0)
Net Cash Provided by Operating Activities 3,453.8 3,056.0 2,402.4
Cash Flows from Investing Activities      
Proceeds from maturities and sales of available-for-sale marketable securities 5.9 6.3 9.4
Purchases of available-for-sale marketable securities 4.1 4.4 7.8
Purchases of property, net (76.4) (89.7) (127.2)
Investments in business ventures 2.4 3.1 4.5
Proceeds from sale of business ventures 97.9 11.1 101.4
Payment for acquisition of subsidiary's interests from the non-controlling interest 0.0 0.0 52.9
Proceeds from the sale of building property 0.0 0.0 39.3
Net cash proceeds from OSTTRA joint venture transaction 0.0 0.0 100.7
Investment in S&P Dow Jones Indices LLC 0.0 410.0 0.0
Net Cash Used in Investing Activities 20.9 (489.8) 58.4
Cash Flows from Financing Activities      
Proceeds from debt, net of issuance costs 0.0 741.0 0.0
Repayment of other borrowings, including call premiums (16.4) (756.2) 0.0
Proceeds from preferred stock offering 0.0 0.0 965.0
Cash dividends (3,235.5) (2,633.5) (2,189.3)
Change in performance bond and guaranty fund contributions (45,056.7) (22,700.3) 71,167.8
Employee taxes paid on restricted stock vesting (21.4) (24.8) (31.7)
Other (9.3) (7.9) (3.1)
Net Cash Provided by (Used in) Financing Activities (48,339.3) (25,381.7) 69,908.7
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (44,864.6) (22,815.5) 72,369.5
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning Balance 137,974.3 160,789.8 88,420.3
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Ending Balance 93,109.7 137,974.3 160,789.8
Supplemental Disclosure of Cash Flow Information      
Cash and cash equivalents 2,912.0 2,720.1 2,834.9
Short-term restricted cash (within other current assets) 5.2 4.9 4.8
Long-term restricted cash (within other assets) 0.0 0.1 0.5
Restricted cash and restricted cash equivalents (performance bonds and guaranty fund contributions) 90,192.5 135,249.2 157,949.6
Income taxes paid 1,109.4 973.4 755.0
Interest paid 129.9 133.2 133.3
Dividends declared $ 1,910.0 $ 1,635.7 $ 1,183.8