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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 435.6 $ 432.7
Financial investments 80.2 91.7
Accounts receivable, net of $2.3 allowance for credit losses at March 31, 2023 and $2.2 at December 31, 2022 393.4 369.8
Margin deposits and clearing funds 1,452.8 543.0
Digital assets - safeguarded assets 42.0 22.9
Income taxes receivable 4.5 48.3
Other current assets 49.6 47.6
Total current assets 2,458.1 1,556.0
Investments 269.7 253.2
Land 2.3 2.3
Property and equipment, net 112.1 108.2
Operating lease right of use assets 110.1 111.7
Goodwill 3,128.4 3,122.8
Intangible assets, net 1,636.5 1,662.8
Other assets, net 186.3 181.9
Total assets 7,903.5 6,998.9
Current liabilities:    
Accounts payable and accrued liabilities 368.2 420.2
Section 31 fees payable 75.4 147.1
Deferred revenue 21.7 11.7
Margin deposits and clearing funds 1,452.8 543.0
Digital assets - safeguarded liabilities 42.0 22.9
Income taxes payable 19.4 3.5
Current portion of long-term debt 304.8 304.7
Current portion of contingent consideration liabilities 19.2 24.1
Total current liabilities 2,303.5 1,477.2
Long-term debt 1,437.8 1,437.3
Non-current unrecognized tax benefits 210.5 196.1
Deferred income taxes 211.4 222.9
Non-current operating lease liabilities 126.9 129.3
Non-current portion of contingent consideration liabilities 15.0 15.0
Other non-current liabilities 59.7 55.8
Total liabilities 4,364.8 3,533.6
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.01 par value: 20,000,000 shares authorized, no shares issued and outstanding at March 31, 2023 and December 31, 2022
Common stock, $0.01 par value: 325,000,000 shares authorized, 107,959,078 and 105,574,173 shares issued and outstanding, respectively at March 31, 2023 and 107,670,248 and 105,951,199 shares issued and outstanding, respectively at December 31, 2022 1.1 1.1
Common stock in treasury, at cost, 2,384,905 shares at March 31, 2023 and 1,719,049 shares at December 31, 2022 (213.7) (131.0)
Additional paid-in capital 1,472.3 1,455.1
Retained earnings 2,291.2 2,171.1
Accumulated other comprehensive loss, net (12.2) (31.0)
Total stockholders' equity 3,538.7 3,465.3
Total liabilities and stockholders' equity $ 7,903.5 $ 6,998.9