XML 45 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
3 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Net Income $ 596.0 $ 504.7
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of deferred sales commissions 34.2 32.9
Depreciation and other amortization 25.1 21.0
Stock-based compensation 30.9 27.6
Excess tax benefit from stock-based compensation (2.8) (5.7)
Gains on sale of assets (20.2) (20.6)
Income from investments in equity method investees (24.9) (21.8)
Net (gains) losses on other investments of consolidated sponsored investment products 16.2 (14.1)
Net (gains) losses of consolidated variable interest entities (6.6) 17.5
Other (2.2) 3.6
Changes in operating assets and liabilities:    
Increase in receivables, prepaid expenses and other (126.2) (56.1)
Increase in trading securities, net (36.8) (66.4)
Increase in trading securities of consolidated sponsored investment products, net (230.4) (10.5)
Decrease in accrued compensation and benefits (193.9) (162.7)
Increase (decrease) in commissions payable 16.4 (109.3)
Increase in income taxes payable 194.5 149.4
Increase (decrease) in other liabilities 55.4 (3.1)
Net cash provided by operating activities 324.7 286.4
Net cash provided by investing activities    
Purchase of investments (80.1) (78.4)
Liquidation of investments 194.1 237.5
Purchase of investments by consolidated sponsored investment products (95.2) (41.8)
Liquidation of investments by consolidated sponsored investment products 32.1 48.6
Purchase of investments by consolidated variable interest entities (45.0) (243.1)
Liquidation of investments by consolidated variable interest entities 128.0 140.6
Decrease (increase) in loans receivable, net 30.9 (24.9)
Additions of property and equipment, net (15.0) (12.3)
Acquisition of subsidiary, net of cash acquired 0 5.7
Increase (decrease) in cash from net consolidation (deconsolidation) of sponsored investment products (34.0) 2.6
Net cash provided by investing activities 115.8 34.5
Net cash provided by (used in) financing activities    
Increase in deposits 66.5 213.5
Issuance of common stock 7.2 11.4
Dividends paid on common stock (64.1) (757.9)
Repurchase of common stock (137.1) (98.0)
Excess tax benefit from stock-based compensation 2.8 5.7
Payments on debt 0 (479.4)
Proceeds from issuance of debt by consolidated sponsored investment products 190.3 133.5
Payments on debt by consolidated sponsored investment products (176.8) (146.7)
Payments on debt by consolidated variable interest entities (60.0) (40.4)
Payments on contingent consideration liability (2.7) 0
Noncontrolling interests 101.4 17.9
Net cash used in financing activities (72.5) (1,140.4)
Effect of exchange rate changes on cash and cash equivalents 8.6 10.8
Increase (decrease) in cash and cash equivalents 376.6 (808.7)
Cash and cash equivalents, beginning of period 6,323.1 6,051.4
Cash and Cash Equivalents, End of Period 6,699.7 5,242.7
Supplemental Disclosure of Non-Cash Activities    
Transfer of loans receivable, net to loans held for sale 189.2 0
Contingent consideration liability recognized due to acquisition 0 90.6
Increase in noncontrolling interests due to acquisition 0 38.2
Increase in noncontrolling interests due to net consolidation of sponsored investment products 0 4.1
Supplemental Disclosure of Cash Flow Information    
Cash paid for income taxes 68.0 61.6
Cash paid for interest 14.2 19.4
Cash paid for interest by consolidated sponsored investment products and consolidated variable interest entities $ 11.9 $ 11.4