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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,047.2 $ 920.3
Financial investments 105.9 110.3
Accounts receivable, net of $7.5 allowance for credit losses at March 31, 2025 and $6.6 at December 31, 2024 493.0 444.6
Margin deposits, clearing funds, and interoperability funds 1,623.0 845.5
Income taxes receivable 1.4 73.8
Other current assets 91.4 84.6
Total current assets 3,361.9 2,479.1
Investments 383.3 383.7
Property and equipment, net 119.1 118.0
Operating lease right of use assets 125.8 124.5
Goodwill 3,132.0 3,124.2
Intangible assets, net 1,367.8 1,376.9
Other assets, net 177.4 182.7
Total assets 8,667.3 7,789.1
Current liabilities:    
Accounts payable and accrued liabilities 298.9 359.7
Section 31 fees payable 154.8 182.0
Deferred revenue 13.4 6.4
Margin deposits, clearing funds, and interoperability funds 1,623.0 845.5
Income taxes payable 7.8 1.6
Total current liabilities 2,097.9 1,395.2
Long-term debt 1,441.5 1,441.0
Non-current unrecognized tax benefits 324.2 305.0
Deferred income taxes 182.8 186.8
Non-current operating lease liabilities 138.0 138.4
Other non-current liabilities 30.8 43.1
Total liabilities 4,215.2 3,509.5
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value: 20,000,000 shares authorized, no shares issued and outstanding at March 31, 2025 and December 31, 2024 0.0 0.0
Common stock, $0.01 par value: 325,000,000 shares authorized, 104,999,329 and 104,738,813 shares issued and outstanding, respectively at March 31, 2025 and 104,693,373 and 104,686,478 shares issued and outstanding, respectively at December 31, 2024 1.0 1.0
Common stock in treasury, at cost, 260,516 shares at March 31, 2025 and 6,895 shares at December 31, 2024 (54.3) (1.4)
Additional paid-in capital 1,530.1 1,512.5
Retained earnings 3,000.1 2,815.9
Accumulated other comprehensive loss, net (24.8) (48.4)
Total stockholders’ equity 4,452.1 4,279.6
Total liabilities and stockholders’ equity $ 8,667.3 $ 7,789.1