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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities:      
Net income $ 925.5 $ 1,969.4 $ 807.5
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:      
Amortization and depreciation 195.3 205.3 203.5
Common share-based compensation expense 106.2 140.1 188.5
Other (gains)/losses, net 139.5 (120.5) (44.9)
Other (gains)/losses of CIP, net 126.9 (390.0) (32.1)
Equity in earnings of unconsolidated affiliates (106.1) (152.3) (72.7)
Distributions from equity method investees 74.2 48.2 33.9
Changes in operating assets and liabilities:      
(Purchase)/sale of investments by CIP, net (359.2) (421.6) (48.2)
(Purchase)/sale of investments, net (27.6) 93.8 263.1
(Increase)/decrease in receivables 912.8 5,581.2 3,744.4
Increase/(decrease) in payables (1,284.3) (5,875.5) (3,812.7)
Net cash provided by/(used in) operating activities 703.2 1,078.1 1,230.3
Investing activities:      
Purchase of property, equipment and software (192.9) (108.8) (115.0)
Purchase of investments by CIP (2,717.2) (5,981.8) (4,548.6)
Sale of investments by CIP 2,638.4 5,281.5 3,782.3
Purchase of investments (217.8) (191.1) (153.6)
Sale of investments 97.9 129.2 143.2
Capital distribution from equity method investees 32.6 44.9 26.6
Net cash inflows/(outflows) upon consolidation/deconsolidation of CIP (16.6) (21.8) 5.5
Net cash provided by/(used in) investing activities (375.6) (847.9) (859.6)
Financing activities:      
Purchases of treasury shares (244.7) (60.9) (47.1)
Dividends paid - preferred (236.8) (236.8) (236.8)
Dividends paid - common (334.8) (307.7) (357.4)
Third-party capital invested into CIP 709.2 628.9 185.8
Third-party capital distributed by CIP (284.8) (395.5) (236.4)
Borrowings of debt of CIP 30.1 3,411.9 1,268.0
Repayments of debt of CIP (5.1) (2,497.3) (791.1)
Repayment of senior notes (600.0) 0.0 0.0
Settlement of forward contracts on treasury shares 0.0 (309.4) (190.6)
Collateral received/(posted), net 0.0 (104.1) 142.0
Payment of contingent consideration 0.0 (11.8) (22.3)
Net cash provided by/(used in) financing activities (966.9) 117.3 (285.9)
Increase/(decrease) in cash and cash equivalents (639.3) 347.5 84.8
Foreign exchange movement on cash and cash equivalents (68.6) (32.2) 27.5
Foreign exchange movement on cash and cash equivalents of CIP (5.1) (7.5) 25.8
Cash, cash equivalents and restricted cash 1,434.1 2,147.1 [1] 1,839.3 [1]
Cash and cash equivalents 1,234.7 1,896.4 1,408.4
Restricted cash [1] 0.0 0.0 129.2
Cash and cash equivalents of CIP 199.4 250.7 301.7
Supplemental Cash Flow Information:      
Interest paid (67.4) (85.7) (93.1)
Interest received 8.7 0.7 2.7
Taxes paid $ (301.4) $ (431.7) $ (223.8)
[1] (1) Restricted cash of $129.2 million as of December 31, 2020 is recorded in Other assets on the Consolidated Balance Sheets.