XML 57 R7.htm IDEA: XBRL DOCUMENT v3.24.1.u1Close
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities:    
Net income $ 783 $ 674
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 381 260
Stock-based compensation 57 40
Deferred taxes (50) (83)
Loss on investments 3 0
Net losses from unconsolidated investees 42 35
Other 14 10
Changes in assets and liabilities:    
Customer accounts receivable (285) (484)
Other current and non-current assets (76) (88)
Section 31 fees payable (13) (105)
Deferred revenue 393 406
Other current and non-current liabilities (240) (12)
Total adjustments 226 (21)
Net cash provided by operating activities 1,009 653 Close
Investing activities:    
Capital expenditures (58) (21)
Capitalized software development costs (87) (64)
Purchases of invested margin deposits (536) (463)
Proceeds from sales of invested margin deposits 230 2,605
Proceeds from sale of Promissory Note 75 0
Purchases of restricted investments (64) 0
Proceeds from sales of restricted investments 702 0
Other (3) (12)
Net cash provided by investing activities 259 2,045 Close
Financing activities:    
Repayments of debt (600) (4)
Redemption of commercial paper, net (38) 0
Dividends to stockholders (258) (236)
Change in cash and cash equivalent margin deposits and guaranty funds liability (4,551) (42,059)
Payments relating to treasury shares received for restricted stock tax payments and stock option exercises (71) (49)
Other (4) (3)
Net cash used in financing activities (5,522) (42,351) Close
Effect of exchange rate changes on cash, cash equivalents, restricted cash and cash equivalents, and cash and cash equivalent margin deposits and guaranty funds (5) 1 Close
Net decrease in cash, cash equivalents, restricted cash and cash equivalents, and cash and cash equivalent margin deposits and guaranty funds (4,259) (39,652) Close
Cash, cash equivalents, restricted cash and cash equivalents, and cash and cash equivalent margin deposits and guaranty funds at beginning of period 80,750 150,343
Cash, cash equivalents, restricted cash and cash equivalents, and cash and cash equivalent margin deposits and guaranty funds at end of period 76,491 110,691
Supplemental cash flow disclosure:    
Cash paid for income taxes 142 149
Cash paid for interest 222 167
Reconciliation of the components of cash, cash equivalents, restricted cash and cash equivalents, and cash and cash equivalent margin deposits and guaranty funds to the consolidated balance sheets:    
Cash and cash equivalents 863 2,069
Short-term restricted cash and cash equivalents 1,227 6,145
Long-term restricted cash and cash equivalents 278 405
Cash and cash equivalent margin deposits and guaranty funds 74,123 102,072
Total $ 76,491 $ 110,691