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Condensed Consolidated Statements of Cash Flows
$ in Millions
 6 Months Ended
Jun. 30, 2022
USD ($)
Jun. 30, 2021
USD ($)
Cash flows from operating activities:    
Net (loss) income $ (74.9) $ 242.7
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 81.1 82.6
Amortization of debt issuance cost and debt discount 1.1 1.4
Provision for accounts receivable credit losses 0.3 0.5
(Benefit) provision for deferred income taxes (142.3) 5.9
Stock-based compensation expense 16.1 17.2
Loss on disposal of property and equipment 0.3  
Impairment charge of investment 10.6 0.6
Impairment charge of goodwill 460.1  
Equity loss in investments 3.5 0.4
Gain on investment (7.5)  
Changes in assets and liabilities:    
Accounts receivable (70.0) 4.2
Restricted cash and cash equivalents (included in margin deposits and clearing funds) 217.6 376.1
Customer bank deposits (included in margin deposits and clearing funds) (1.7)  
Income taxes receivable (8.5) 13.3
Digital assets - safeguarded assets (22.4)  
Other current assets (0.8) (21.7)
Other assets (13.3) (15.9)
Accounts payable and accrued liabilities 24.0 9.6
Digital assets - safeguarded liabilities 22.4  
Section 31 fees payable 75.5 (31.9)
Deferred revenue 6.8 7.0
Income taxes payable (7.1) 0.6
Unrecognized tax benefits 66.5 22.8
Other liabilities (12.0) 6.4
Net cash provided by operating activities 625.4 721.8
Cash flows from investing activities:    
Acquisitions, net of cash acquired (706.5)  
Proceeds from acquisition-related escrow   0.5
Purchases of available-for-sale financial investments (41.1) (92.6)
Proceeds from maturities of available-for-sale financial investments 8.6 67.6
Proceeds from Investments (1.1)  
Contributions to investments (12.8)  
Purchases of property and equipment and leasehold improvements (22.2) (21.3)
Net cash used in investing activities (772.9) (45.8)
Cash flows from financing activities:    
Proceeds from long-term debt 663.6 110.0
Principal payments of current portion of long-term debt   (20.0)
Debt issuance costs (4.9)  
Cash dividends on common stock (102.6) (90.3)
Repurchases of common stock from employee stock plans (8.6) (5.8)
Payments of contingent consideration related to acquisitions (25.9) (6.5)
Shares issued under employee stock purchase plan (0.2) (0.2)
Purchase of common stock (85.6) (81.3)
Net cash provided by (used in) financing activities 435.8 (94.1)
Effect of foreign currency exchange rates on cash, cash equivalents, and restricted cash and cash equivalents (15.8) (0.3)
Increase in cash, cash equivalents, and restricted cash and cash equivalents 272.5 581.6
Cash, cash equivalents, and restricted cash and cash equivalents: Beginning of period 1,092.2 1,057.5
Cash, cash equivalents, and restricted cash and cash equivalents: End of period 1,364.7 1,639.1
Supplemental disclosure of cash transactions:    
Cash paid for income taxes, net of refunds 134.4 95.1
Cash paid for interest 45.0 $ 21.1
Supplemental disclosure of noncash investing and financing activities:    
Accounts receivable acquired 4.4  
Financial investments acquired 1.5  
Other current assets acquired 1.6  
Goodwill acquired 529.5  
Intangible assets acquired 225.1  
Property and equipment, net acquired 1.6  
Data processing software and other assets acquired 2.0  
Operating lease right of use asset acquired 1.2  
Accounts payable and accrued expenses assumed (6.1)  
Deferred revenue acquired (0.6)  
Operating lease liability acquired (1.2)  
Contingent consideration related to acquisitions (54.3)  
Deferred income taxes acquired (40.3)  
Other non-current liabilities, net acquired (0.4)  
Paycheck Protection Program loan forgiveness $ 1.3