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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 920.3 $ 543.2
Financial investments 110.3 57.5
Accounts receivable, net of $6.6 allowance for credit losses at December 31, 2024 and $4.5 at December 31, 2023 444.6 337.3
Margin deposits, clearing funds, and interoperability funds 845.5 848.8
Digital assets - safeguarded assets 0.0 51.3
Income taxes receivable 73.8 74.5
Other current assets 84.6 66.7
Total current assets 2,479.1 1,979.3
Investments 383.7 345.3
Property and equipment, net 118.0 109.2
Property held for sale 0.0 8.7
Operating lease right of use assets 124.5 136.6
Goodwill 3,124.2 3,140.6
Intangible assets, net 1,376.9 1,561.5
Other assets, net 182.7 206.3
Total assets 7,789.1 7,487.5
Current liabilities:    
Accounts payable and accrued liabilities 359.7 412.7
Section 31 fees payable 182.0 51.9
Deferred revenue 6.4 5.9
Margin deposits, clearing funds, and interoperability funds 845.5 848.8
Digital assets - safeguarded liabilities 0.0 51.3
Income taxes payable 1.6 1.0
Current portion of contingent consideration liabilities 0.0 11.8
Total current liabilities 1,395.2 1,383.4
Long-term debt 1,441.0 1,439.2
Non-current unrecognized tax benefits 305.0 243.8
Deferred income taxes 186.8 217.8
Non-current operating lease liabilities 138.4 150.8
Other non-current liabilities 43.1 67.5
Total liabilities 3,509.5 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 December 31, 2024 and December 31, 2023 0.0 0.0
Common stock, $0.01 par value: 325,000,000 shares authorized, 104,693,373 and 104,686,478 shares issued and outstanding, respectively at December 31, 2024 and 105,556,817 and 105,527,815 shares issued and outstanding, respectively at December 31, 2023 1.0 1.1
Common stock in treasury, at cost, 6,895 shares at December 31, 2024 and 29,002 shares at December 31, 2023 (1.4) (10.5)
Additional paid-in capital 1,512.5 1,478.6
Retained earnings 2,815.9 2,525.2
Accumulated other comprehensive loss, net (48.4) (9.4)
Total stockholders’ equity 4,279.6 3,985.0
Total liabilities and stockholders' equity $ 7,789.1 $ 7,487.5