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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 386 $ 403
Restricted cash 78 15
Financial investments, at fair value 220 245
Receivables, net 467 429
Default funds and margin deposits 3,633 3,301
Other current assets 163 167
Total current assets 4,947 4,560
Property and equipment, net 376 362
Deferred tax assets 617 717
Goodwill 6,070 6,027
Intangible assets, net 2,082 2,094
Other non-current assets 398 390
Total assets 14,490 14,150
Current liabilities:    
Accounts payable and accrued expenses 187 175
Section 31 fees payable to SEC 81 108
Accrued personnel costs 110 207
Deferred revenue 322 162
Other current liabilities 174 129
Default funds and margin deposits 3,633 3,301
Current portion of debt obligations 379 0
Total current liabilities 4,886 4,082
Debt obligations 3,242 3,603
Deferred tax liabilities 702 720
Non-current deferred revenue 164 171
Other non-current liabilities 144 144
Total liabilities 9,138 8,720
Commitments and contingencies
Nasdaq stockholders’ equity:    
Common stock, $0.01 par value, 300,000,000 shares authorized, shares issued: 169,760,142 at March 31, 2017 and 170,501,186 at December 31, 2016; shares outstanding: 165,168,584, at March 31, 2017 and 166,579,468 at December 31, 2016 2 2
Additional paid-in capital 2,963 3,104
Common stock in treasury, at cost: 4,591,558, shares at March 31, 2017 and 3,921,718 shares at December 31, 2016 (221) (176)
Accumulated other comprehensive loss (987) (979)
Retained earnings 3,595 3,479
Total Nasdaq stockholders’ equity 5,352 5,430
Total liabilities and equity $ 14,490 $ 14,150