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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating activities      
Consolidated net income $ 374.2 $ 369.9 $ 141.1
Adjustments to reconcile consolidated net income to net cash flows from operating activities:      
Depreciation and amortization 189.9 190.4 184.9
Deferred income taxes (42.2) (34.8) (32.4)
Stock-based compensation expense 56.4 54.7 52.8
Provision for credit losses 5.1 8.1 5.3
Equity in investments of unconsolidated entities 3.3 17.4 7.4
Gain on equity method transaction 0.0 0.0 (49.6)
Gain on sale of business 0.0 (45.3) 0.0
Gain on sale of customer assets (22.7) (64.0) 0.0
Other, net 3.2 (2.4) 21.2
Changes in operating assets and liabilities:      
Accounts receivable (26.0) (30.3) (38.2)
Accounts payable and accrued liabilities 1.1 9.6 (1.5)
Accrued compensation and deferred commissions 37.7 76.9 14.9
Income taxes (8.0) 23.1 (7.8)
Deferred revenue 25.7 30.1 50.9
Other assets and liabilities (1.6) (16.6) 9.8
Cash provided by operating activities 589.7 591.6 316.4
Investing activities      
Purchases of investment securities (22.2) (16.0) (15.7)
Proceeds from maturities and sales of investment securities 45.5 27.1 31.1
Capital expenditures (147.1) (142.7) (119.1)
Acquisitions, net of cash acquired (39.0) 0.0 (0.8)
Proceeds from sale of business 0.0 52.4 0.0
Proceeds from sale of customer assets 22.7 65.0 0.0
Proceeds from sale of equity method investments, net 0.0 0.0 26.2
Purchases of investments in unconsolidated entities (4.1) (7.3) (3.7)
Other, net 4.9 0.2 0.1
Cash used for investing activities (139.3) (21.3) (81.9)
Financing activities      
Common shares repurchased (787.0) (11.6) (1.4)
Dividends paid (76.9) (69.3) (63.9)
Proceeds from revolving credit facility 800.0 90.0 260.0
Repayment of revolving credit facility (450.0) (105.0) (365.0)
Proceeds from term facility 375.0 0.0 0.0
Repayment of term facility 350.0 259.4 32.5
Employee taxes withheld for stock awards (22.8) (29.1) (30.2)
Payment of acquisition-related earn-outs 0.0 0.0 (45.5)
Other, net (3.0) 0.0 0.1
Cash used for financing activities (514.7) (384.4) (278.4)
Effect of exchange rate changes on cash and cash equivalents 36.1 (21.1) 5.2
Net increase (decrease) in cash and cash equivalents (28.2) 164.8 (38.7)
Cash and cash equivalents—beginning of period 502.7 337.9 376.6
Cash and cash equivalents—end of period 474.5 502.7 337.9
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 171.8 115.6 73.2
Cash paid for interest $ 37.3 $ 47.4 $ 58.4