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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating activities      
Net income $ 1,295 $ 1,016 $ 270
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 0 (11) 50
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest 1,295 1,005 320
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 374 333 156
Stock-based compensation 111 97 64
Deferred taxes (108) 21 (35)
Impairment loss on Cetip investment 0 0 190
Amortization of Debt Discount (Premium) (23) (55) (7)
Other (17) (46) 51
Changes in assets and liabilities:      
Customer accounts receivable (45) (43) (35)
Prepaid expenses and other current assets (5) 22 7
Accounts payable, accrued salaries and benefits, deferred revenue and other accrued liabilities (277) 19 2
Total adjustments 16 458 394
Net cash provided by operating activities 1,311 1,463 714
Increase (Decrease) in Section 31 Fees Payable (21) 52 32
Increase (Decrease) in Deferred Revenue 27 58 (31)
Investing activities      
Capital expenditures (190) (172) (134)
Capitalized software development costs (87) (78) (45)
Cash paid for acquisitions, net of cash acquired (3,751) (577) (2,241)
Payments to Acquire Equity Method Investments (60) 0 0
Purchases of cost and equity method investments 0 2,274 0
Proceeds from sales of available-for-sale investments 1,089 54 16
Purchases of available-for-sale investments (5) (1,304) (42)
Increase in restricted cash (294) (161) (75)
Net cash used in investing activities (3,298) 36 (2,521)
Financing activities      
Proceeds from debt facilities 2,472 0 2,753
Repayments of debt (1,028) (377) (2,464)
Proceeds from (Repayments of) Commercial Paper 1,686 (175) 1,080
Dividends to shareholders (331) (299) (75)
Payments relating to treasury shares received for restricted stock tax payments and stock option exercises (45) (45) (77)
Repurchases of common stock (660) (645) 0
Proceeds from exercise of common stock options 19 13 13
Distributions of profits to non-controlling interest (27) (33) (12)
Purchase of subsidiary shares from non-controlling interest (128) (129) (40)
Proceeds from (Payments for) Other Financing Activities 18 17 (59)
Net cash provided by financing activities 1,976 (1,673) 1,119
Cash Provided by (Used in) Operating Activities, Discontinued Operations 0 51 21
Cash Provided by (Used in) Investing Activities, Discontinued Operations 0 (504) (2)
Cash Provided by (Used in) Financing Activities, Discontinued Operations 0 339 0
Effect of exchange rate changes on cash and cash equivalents (14) (21) 18
Net increase in cash and cash equivalents (25) (309) (651)
Cash and cash equivalents, beginning of the year 652 961 1,612
Cash and cash equivalents, end of the year 627 652 961
Supplemental cash flow disclosure      
Cash paid for income taxes 542 338 198
Cash paid for interest 123 140 32
Supplemental noncash investing and financing activities      
Common stock and vested stock options issued for acquisitions 2,197 0 8,347
Treasury stock retirement $ 0 $ 0 $ 741