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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net income $ 245.6 $ 283.7
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 18.2 18.7
Amortization 63.9 74.0
Other non-cash items, net 84.0 50.4
Increase/(decrease) in cash, excluding the effects of acquisitions, resulting from changes in:    
Other assets (23.4) (72.9)
Accounts payable and accrued liabilities (30.4) (75.3)
Income taxes payable (218.1) (208.8)
Other liabilities 8.1 (9.6)
Net cash provided by operating activities 147.9 60.2
Cash flows from investing activities    
Payments for capitalized contract costs (4.2) (5.2)
Payments for internal use software (38.3) (43.2)
Purchases of property and equipment (10.9) (16.1)
Purchases of settlement investments (189.1) (251.6)
Proceeds from the sale of settlement investments 47.4 171.8
Maturities of settlement investments 42.0 96.9
Other investing activities (24.3) (21.0)
Net cash used in investing activities (177.4) (68.4)
Cash flows from financing activities    
Cash dividends and dividend equivalents paid (Note 9) (159.1) (162.3)
Common stock repurchased (Note 9) (156.2) (180.8)
Net proceeds from commercial paper 255.0 129.9
Net proceeds from credit facility borrowings 38.5  
Principal payments on borrowings (500.0)  
Net change in settlement obligations (151.0) (78.5)
Other financing activities (0.1) (0.9)
Net cash used in financing activities (672.9) (292.6)
Net change in cash and cash equivalents, including settlement, and restricted cash (702.4) (300.8)
Cash and cash equivalents, including settlement, and restricted cash at beginning of period 2,106.9 1,786.2
Cash and cash equivalents, including settlement, and restricted cash at end of period 1,404.5 1,485.4
Reconciliation of balance sheet cash and cash equivalents to cash flows:    
Cash and cash equivalents on balance sheet 1,019.6 1,033.0
Settlement cash and cash equivalents (Note 8) 380.9 434.7
Restricted cash in Other assets 4.0 17.7
Cash and cash equivalents, including settlement, and restricted cash 1,404.5 1,485.4
Supplemental cash flow information:    
Interest paid 67.7 55.6
Income taxes paid $ 265.5 $ 262.7