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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income $ 298 $ 203
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 63 48
Share-based compensation 19 17
Deferred income taxes 20 (1)
Extinguishment of debt 0 36
Net income from unconsolidated investees (57) (17)
Other reconciling items included in net income 3 (1)
Net change in operating assets and liabilities, net of effects of acquisitions:    
Receivables, net 6 (174)
Other assets (94) 69
Accounts payable and accrued expenses 12 28
Section 31 fees payable to SEC (93) 29
Accrued personnel costs (52) (53)
Deferred revenue 255 204
Other liabilities 14 (8)
Net cash provided by operating activities 394 380
Cash flows from investing activities:    
Purchases of securities (60) (92)
Proceeds from sales and redemptions of securities 28 114
Acquisition of businesses, net of cash and cash equivalents acquired (2,430) (157)
Purchases of property and equipment (42) (26)
Other investing activities (1) 7
Net cash used in investing activities (2,505) (154)
Cash flows from financing activities:    
Proceeds from (repayments of) commercial paper, net 435 (42)
Repayments of borrowings under our credit commitment and debt obligations (100) (671)
Payment of debt extinguishment cost 0 (36)
Proceeds from issuances of long-term debt, net of issuance costs and utilization of credit commitment 100 1,443
Repurchases of common stock (162) (122)
Dividends paid (81) (78)
Payments related to employee shares withheld for taxes (39) (28)
Other financing activities (1) 2
Net cash provided by financing activities 152 468
Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents (11) (12)
Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents (1,970) 682
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period 2,782 362
Cash and cash equivalents and restricted cash and cash equivalents at end of period 812 1,044
Cash paid for:    
Interest 19 33
Income taxes, net of refund $ 45 $ 41