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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 763.2 $ 543.2
Financial investments 39.4 57.5
Accounts receivable, net of $7.0 allowance for credit losses at September 30, 2024 and $4.5 at December 31, 2023 376.2 337.3
Margin deposits, clearing funds, and interoperability funds 2,039.0 848.8
Digital assets - safeguarded assets 0.0 51.3
Income taxes receivable 47.1 74.5
Other current assets 53.1 66.7
Total current assets 3,318.0 1,979.3
Investments 358.1 345.3
Property and equipment, net 108.7 109.2
Property held for sale 0.0 8.7
Operating lease right of use assets 130.7 136.6
Goodwill 3,150.5 3,140.6
Intangible assets, net 1,424.7 1,561.5
Other assets, net 220.8 206.3
Total assets 8,711.5 7,487.5
Current liabilities:    
Accounts payable and accrued liabilities 304.7 412.7
Section 31 fees payable 40.1 51.9
Deferred revenue 6.0 5.9
Margin deposits, clearing funds, and interoperability funds 2,039.0 848.8
Digital assets - safeguarded liabilities 0.0 51.3
Income taxes payable 0.0 1.0
Current portion of contingent consideration liabilities 0.0 11.8
Total current liabilities 2,389.8 1,383.4
Long-term debt 1,440.6 1,439.2
Non-current unrecognized tax benefits 286.9 243.8
Deferred income taxes 196.9 217.8
Non-current operating lease liabilities 143.9 150.8
Other non-current liabilities 45.1 67.5
Total liabilities 4,503.2 3,502.5
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value: 20,000,000 shares authorized, no shares issued and outstanding at September 30, 2024 and December 31, 2023 0.0 0.0
Common stock, $0.01 par value: 325,000,000 shares authorized, 106,009,818 and 104,677,388 shares issued and outstanding, respectively at September 30, 2024 and 105,556,817 and 105,527,815 shares issued and outstanding, respectively at December 31, 2023 1.1 1.1
Common stock in treasury, at cost, 1,332,430 shares at September 30, 2024 and 29,002 shares at December 31, 2023 (242.9) (10.5)
Additional paid-in capital 1,521.7 1,478.6
Retained earnings 2,910.6 2,525.2
Accumulated other comprehensive income (loss), net 17.8 (9.4)
Total stockholders’ equity 4,208.3 3,985.0
Total liabilities and stockholders’ equity $ 8,711.5 $ 7,487.5