XML 57 R7.htm IDEA: XBRL DOCUMENT v3.24.2.u1Close
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities:    
Net income $ 1,422 $ 1,489
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 762 527
Stock-based compensation 114 85
Deferred taxes (116) (239)
Loss on investments 3 0
Net losses from unconsolidated investees 45 65
Other 31 26
Changes in assets and liabilities:    
Customer accounts receivable (193) (181)
Other current and non-current assets (51) (66)
Section 31 fees payable 124 (50)
Deferred revenue 296 279
Other current and non-current liabilities (232) (130)
Total adjustments 783 316
Net cash provided by operating activities 2,205 1,805 Close
Investing activities:    
Capital expenditures (133) (61)
Capitalized software development costs (177) (142)
Purchases of invested margin deposits (858) (771)
Proceeds from sales of invested margin deposits 990 3,078
Cash paid for acquisitions, net of cash acquired (8) (5)
Proceeds from sale of Promissory Note 75 0
Purchases of equity and equity method investments (18) (6)
Purchases of restricted investments (655) (949)
Proceeds from sales of restricted investments 856 0
Net cash provided by investing activities 72 1,144 Close
Financing activities:    
Proceeds from debt issuances 739 0
Repayments of debt (1,600) (4)
Proceeds from commercial paper, net 33 0
Capital contributions from non-controlling interests 0 9
Dividends paid to stockholders (519) (472)
Change in cash and cash equivalent margin deposits and guaranty funds liability 1,017 (57,380)
Payments relating to treasury shares received for restricted stock tax payments and stock option exercises (73) (50)
Other 17 11
Net cash used in financing activities (386) (57,886) 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) 6 Close
Net increase/(decrease) in cash, cash equivalents, restricted cash and cash equivalents, and cash and cash equivalent margin deposits and guaranty funds 1,886 (54,931) 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 82,636 95,412
Supplemental cash flow disclosure:    
Cash paid for income taxes 516 536
Cash paid for interest 450 341
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 885 2,877
Short-term restricted cash and cash equivalents 1,252 5,413
Long-term restricted cash and cash equivalents 370 205
Cash and cash equivalent margin deposits and guaranty funds 80,129 86,917
Total $ 82,636 $ 95,412