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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 659.4 $ 341.9
Financial investments 48.7 37.1
Accounts receivable, net of $0.9 allowance for credit losses at March 31, 2022 and $1.0 at December 31, 2021 380.3 326.9
Margin deposits and clearing funds 1,810.3 745.9
Income taxes receivable   42.7
Other current assets 36.5 36.8
Total current assets 2,935.2 1,531.3
Investments 244.5 245.8
Land 2.3 2.3
Property and equipment, net 106.7 105.2
Operating lease right of use assets 122.5 110.1
Goodwill 3,018.1 3,025.4
Intangible assets, net 1,628.6 1,668.6
Other assets, net 140.2 125.8
Total assets 8,198.1 6,814.5
Current liabilities:    
Accounts payable and accrued liabilities 387.1 295.4
Section 31 fees payable 36.2 40.8
Deferred revenue 26.4 15.2
Margin deposits and clearing funds 1,810.3 745.9
Income taxes payable 32.5 8.2
Current portion of contingent consideration liabilities 48.6 63.8
Total current liabilities 2,341.1 1,169.3
Long-term debt 1,593.6 1,299.3
Unrecognized tax benefits 163.0 197.9
Deferred income taxes 352.4 372.7
Non-current operating lease liabilities 141.3 129.2
Contingent consideration liabilities 4.7 6.7
Other non-current liabilities 34.7 34.6
Total liabilities 4,630.8 3,209.7
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.01 par value: 20,000,000 shares authorized, no shares issued and outstanding at March 31, 2022 and December 31, 2021
Common stock, $0.01 par value: 325,000,000 shares authorized, 108,369,053 and 106,188,570 shares issued and outstanding, respectively at March 31, 2022 and 108,159,319 and 106,646,498 shares issued and outstanding, respectively at December 31, 2021 1.1 1.1
Common stock in treasury, at cost, 2,180,483 shares at March 31, 2022 and 1,512,821 shares at December 31, 2021 (185.2) (106.8)
Additional paid-in capital 1,518.6 1,509.4
Retained earnings 2,203.7 2,145.5
Accumulated other comprehensive income, net 29.1 55.6
Total stockholders' equity 3,567.3 3,604.8
Total liabilities and stockholders' equity $ 8,198.1 $ 6,814.5