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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 413.6 $ 432.7
Financial investments 103.7 91.7
Accounts receivable, net of $3.5 allowance for credit losses at June 30, 2023 and $2.2 at December 31, 2022 363.6 369.8
Margin deposits and clearing funds 718.8 543.0
Digital assets - safeguarded assets 54.9 22.9
Income taxes receivable 38.0 48.3
Other current assets 51.7 47.6
Total current assets 1,744.3 1,556.0
Investments 294.2 253.2
Land 2.3 2.3
Property and equipment, net 115.8 108.2
Operating lease right of use assets 105.4 111.7
Goodwill 3,138.4 3,122.8
Intangible assets, net 1,614.4 1,662.8
Other assets, net 181.1 181.9
Total assets 7,195.9 6,998.9
Current liabilities:    
Accounts payable and accrued liabilities 391.4 420.2
Section 31 fees payable 109.8 147.1
Deferred revenue 14.4 11.7
Margin deposits and clearing funds 718.8 543.0
Digital assets - safeguarded liabilities 54.9 22.9
Income taxes payable   3.5
Current portion of long-term debt 164.9 304.7
Current portion of contingent consideration liabilities 13.9 24.1
Total current liabilities 1,468.1 1,477.2
Long-term debt 1,438.2 1,437.3
Non-current unrecognized tax benefits 223.7 196.1
Deferred income taxes 206.1 222.9
Non-current operating lease liabilities 123.5 129.3
Non-current portion of contingent consideration liabilities 15.2 15.0
Other non-current liabilities 56.7 55.8
Total liabilities 3,531.5 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 June 30, 2023 and December 31, 2022
Common stock, $0.01 par value: 325,000,000 shares authorized, 107,964,872 and 105,516,820 shares issued and outstanding, respectively at June 30, 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, 2,448,052 shares at June 30, 2023 and 1,719,049 shares at December 31, 2022 (222.1) (131.0)
Additional paid-in capital 1,482.0 1,455.1
Retained earnings 2,405.8 2,171.1
Accumulated other comprehensive loss, net (2.4) (31.0)
Total stockholders' equity 3,664.4 3,465.3
Total liabilities and stockholders' equity $ 7,195.9 $ 6,998.9