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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Net cash (used in) provided by operating activities    
Net Income $ 168.8 $ 544.8
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Stock-based compensation 69.5 59.4
Amortization of deferred sales commissions 12.4 18.4
Depreciation and other amortization 25.1 22.4
Amortization of intangible assets 83.2 58.3
Net gains on investments (45.5) (25.8)
Income from investments in equity method investees (33.2) (24.7)
Net losses (gains) on investments of consolidated investment products 72.3 (88.0)
Net purchase of investments by consolidated investment products (259.2) (67.9)
Deferred income taxes (122.5) (34.8)
Other 17.8 8.3
Changes in operating assets and liabilities:    
Decrease (increase) in receivables and other assets 14.6 (140.6)
Increase in investments, net (13.6) (44.6)
Decrease in accrued compensation and benefits (481.6) (273.1)
Increase in income taxes payable 158.8 174.5
Increase (decrease) in accounts payable, accrued expenses and other liabilities 59.8 (6.3)
Increase (decrease) in accounts payable and accrued expenses of consolidated investment products 17.0 (13.9)
Net cash (used in) provided by operating activities (256.3) 166.4
Net cash used in investing activities    
Purchase of investments (234.4) (321.7)
Liquidation of investments 217.6 388.8
Purchase of investments by consolidated collateralized loan obligations (822.5) (839.2)
Liquidation of investments by consolidated collateralized loan obligations 328.7 435.2
Additions of property and equipment, net (27.4) (16.7)
Acquisitions, net of cash acquired (493.7) (372.3)
Payments of contingent consideration asset 2.9 3.9
Net deconsolidation of investment products (13.8) (6.6)
Net cash used in investing activities (1,042.6) (728.6)
Net cash provided by financing activities    
Dividends paid on common stock (148.4) (143.1)
Repurchase of common stock (14.2) (21.7)
Proceeds from repurchase agreement 174.8 0.0
Proceeds from debt of consolidated investment products 955.3 1,727.6
Payments on debt of consolidated investment products (277.9) (1,228.1)
Payments on contingent consideration liabilities (2.0) (4.0)
Noncontrolling interests 271.3 136.6
Net cash provided by financing activities 958.9 467.3
Effect of exchange rate changes on cash and cash equivalents 59.7 (8.0)
Decrease in cash and cash equivalents (280.3) (102.9)
Cash and cash equivalents, beginning of period 4,782.5 4,647.2
Cash and Cash Equivalents, End of Period 4,502.2 4,544.3
Supplemental Disclosure of Cash Flow Information    
Cash paid for income taxes 13.2 17.6
Cash paid for interest 4.3 8.5
Cash paid for interest by consolidated investment products $ 50.5 $ 37.4