XML 18 R8.htm IDEA: XBRL DOCUMENT v3.25.3
Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash Flows from Operating Activities    
Net Income $ 2,889.3 $ 2,651.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 65.9 62.4
Amortization of purchased intangibles 167.5 166.4
Depreciation and amortization 81.0 87.0
Net realized and unrealized (gains) losses on investments (3.0) (11.7)
Deferred income taxes (27.4) (21.9)
Change in:    
Accounts receivable (69.9) (95.2)
Other current assets (21.9) 598.7
Other assets 81.4 38.1
Accounts payable (5.0) 39.3
Income taxes payable 27.6 (128.0)
Other current liabilities (9.3) (691.4)
Other liabilities (7.6) (17.0)
Other (25.4) (5.3)
Net Cash Provided by (Used in) Operating Activities 3,143.2 2,672.6
Cash Flows from Investing Activities    
Proceeds from sales of investments 0.0 13.5
Proceeds from maturities of available-for-sale marketable securities 6.2 4.9
Purchases of available-for-sale marketable securities (4.9) (4.3)
Purchases of property, net (51.0) (67.8)
Investments in privately-held equity investments (3.4) (3.6)
Net Cash Used in Investing Activities (53.1) (57.3)
Cash Flows from Financing Activities    
Proceeds from debt, net of issuance costs 740.6 0.0
Repayment of debt (750.0) 0.0
Cash dividends (3,478.0) (3,165.4)
Repurchase of Class A common stock, including costs (8.2) 0.0
Change in performance bond and guaranty fund contributions 50,145.7 9,264.5
Employee taxes paid on restricted stock vesting (31.0) (29.5)
Other (8.8) (9.0)
Net Cash Provided by Financing Activities 46,610.3 6,060.6
Net change in cash, cash equivalents and restricted cash 49,700.4 8,675.9
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, beginning balance 101,794.1 93,109.7
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, ending balance 151,494.5 101,785.6
Cash and cash equivalents 2,446.8 2,322.1
Short-term restricted cash 6.5 6.5
Long-term restricted cash 0.0  
Restricted cash and restricted cash equivalents (performance bonds and guaranty fund contributions) 149,041.2 99,457.0
Income taxes paid 855.2 938.6
Interest paid $ 111.7 $ 106.0