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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities:    
Net Income (Loss) From Continuing Operations $ (17) $ (121)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 30 26
Intangible asset amortization 71 71
Noncash lease expense 2 3
Financing fee and premium amortization 0 (1)
Share-based compensation expense 6 28
(Gain) loss from change in fair value of financial instruments (8) 21
(Gain) Loss from change in fair value of tax receivable agreement 9 55
Deferred tax expense (benefit) (4) (26)
Changes in operating assets and liabilities:    
Accounts receivable 33 42
Accounts payable and accrued liabilities (60) (47)
Other assets and liabilities 11 41
Cash provided by operating activities - continuing operations 73 92
Cash provided by operating activities - discontinued operations 0 8
Net cash provided by operating activities 73 100
Investing activities:    
Capital expenditures (29) (31)
Cash provided by (used in) investing activities - continuing operations (29) (31)
Cash used in investing activities - discontinued operations 0 (5)
Net cash provided by (used in) investing activities (29) (36)
Financing activities:    
Dividend payments (21) 0
Net increase (decrease) in fiduciary liabilities (12) 16
Repayments to banks (5) (6)
Principal payments on finance lease obligations (5) (9)
Payments on tax receivable agreements (100) (62)
Tax payment for shares/units withheld in lieu of taxes (11) (57)
Repurchase of shares (20) 0
Other financing activities (2) 0
Cash used for financing activities - continuing operations (176) (118)
Cash provided by (used in) financing activities - discontinued operations 0 44
Net Cash provided by (used in) financing activities (176) (74)
Effect of exchange rate changes on cash, cash equivalents and restricted cash - discontinued operations 0 (2)
Net increase (decrease) in cash, cash equivalents and restricted cash (132) (12)
Cash, cash equivalents and restricted cash balances from:    
Continuing operations - beginning of year 582 558
Discontinued operations - beginning of year 0 1,201
Less discontinued operations - end of period 0 1,241
Continuing operations - end of period 450 506
Reconciliation of cash, cash equivalents, and restricted cash to the Condensed Consolidated Balance Sheets    
Cash and cash equivalents 223 256
Restricted cash included in fiduciary assets 227 250
Total cash, cash equivalents and restricted cash 450 506
Supplemental disclosure of non-cash investing and financing activities:    
Fixed asset additions acquired through finance leases 6 51
Right of use asset additions acquired through operating leases $ 1 $ 4