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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 263.3 $ 245.4
Financial investments 95.5 92.4
Accounts receivable, net of $0.6 allowance for credit losses at March 31, 2021 and $0.6 at December 31, 2020 374.8 337.3
Margin deposits and clearing funds 1,260.0 812.1
Income taxes receivable   53.1
Other current assets 39.5 26.5
Total current assets 2,033.1 1,566.8
Investments 40.7 42.7
Property and equipment, net 83.4 82.6
Property held for sale 13.0 13.0
Operating lease right of use assets 108.5 111.0
Goodwill 2,898.0 2,895.1
Intangible assets, net 1,698.1 1,729.0
Other assets, net 83.3 76.3
Total assets 6,958.1 6,516.5
Current liabilities:    
Accounts payable and accrued liabilities 247.5 250.0
Section 31 fees payable 92.2 152.9
Deferred revenue 21.2 10.2
Margin deposits and clearing funds 1,260.0 812.1
Income taxes payable 7.2 4.2
Current portion of long-term debt 49.0 68.7
Current portion of contingent consideration liabilities 17.0 15.2
Total current liabilities 1,694.1 1,313.3
Long-term debt 1,138.8 1,135.2
Unrecognized tax benefits 174.2 164.7
Deferred income taxes 372.0 377.6
Non-current operating lease liabilities 129.1 132.1
Contingent consideration liabilities 15.1 17.5
Other non-current liabilities 30.6 27.2
Total liabilities 3,553.9 3,167.6
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.01 par value: 20,000,000 shares authorized, no shares issued and outstanding at March 31, 2021 and December 31, 2020
Common stock, $0.01 par value: 325,000,000 shares authorized, 126,182,945 and 106,934,077 shares issued and outstanding, respectively at March 31, 2021 and 125,998,967 and 107,299,933 shares issued and outstanding, respectively at December 31, 2020 1.3 1.2
Common stock in treasury, at cost, 19,248,868 shares at March 31, 2021 and 18,699,034 shares at December 31, 2020 (1,303.7) (1,250.4)
Additional paid-in capital 2,725.1 2,713.3
Retained earnings 1,901.7 1,809.8
Accumulated other comprehensive income, net 79.8 75.0
Total stockholders' equity 3,404.2 3,348.9
Total liabilities and stockholders' equity $ 6,958.1 $ 6,516.5