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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2019
Net cash provided by operating activities      
Net Income $ 2,094.6 $ 787.1 $ 1,205.5
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock-based compensation 171.9 122.3 111.5
Amortization of deferred sales commissions 78.2 80.3 85.8
Depreciation and other amortization 78.6 74.5 78.7
Amortization of intangible assets 232.0 54.0 14.7
Impairments of intangible assets and goodwill 0.0 55.4 13.3
Net (gains) losses on investments (75.5) 15.5 9.7
Losses (income) from investments in equity method investees (154.3) 98.1 10.4
Net (gains) losses on investments of consolidated investment products (316.4) 36.8 26.3
Net purchase of investments by consolidated investment products (781.0) (682.8) (1,451.8)
Deferred income taxes 3.7 (7.1) (1.3)
Other 16.0 (28.7) 17.2
Changes in operating assets and liabilities:      
Decrease (increase) in receivables and other assets (182.5) 134.7 (63.5)
Decrease in investments, net 12.8 537.3 142.4
Increase (decrease) in accrued compensation and benefits 114.8 (10.5) 89.4
Decrease in commissions payable (8.2) (33.8) (43.9)
Decrease in income taxes payable (12.5) (123.0) (210.1)
Increase (decrease) in accounts payable, accrued expenses and other liabilities (89.1) (97.4) 126.0
Increase in accounts payable and accrued expenses of consolidated investment products 62.3 70.6 108.2
Net cash provided by operating activities 1,245.4 1,083.3 268.5
Net cash used in investing activities      
Purchase of investments (770.4) (481.4) (401.9)
Liquidation of investments 594.0 880.0 343.2
Purchase of investments by consolidated collateralized loan obligations (3,654.7) (1,530.3) (469.6)
Liquidation of investments by consolidated collateralized loan obligations 1,624.2 448.3 88.6
Decrease (increase) in loan receivables, net 42.7 (40.6) 0.0
Additions of property and equipment, net (79.3) (103.7) (233.7)
Acquisitions, net of cash acquired (9.0) (3,821.4) (493.5)
Payments of contingent consideration asset 20.3 0.0 0.0
Net (deconsolidation) consolidation of investment products (383.7) 587.2 (108.5)
Net cash used in investing activities (2,615.9) (4,061.9) (1,275.4)
Net cash provided by financing activities      
Issuance of common stock 22.3 20.6 23.3
Dividends paid on common stock (559.7) (533.2) (518.6)
Repurchase of common stock (208.2) (218.2) (754.5)
Proceeds from issuance of debt 1,193.9 0.0 0.0
Payment of debt issuance costs (11.8) 0.0 0.0
Payments on debt (750.0) 0.0 0.0
Proceeds from loan 0.0 0.2 1.7
Payments on loan 0.0 (0.4) (1.5)
Proceeds from debt of consolidated investment products 2,937.9 1,390.7 681.1
Payments on debt by consolidated investment products (1,315.7) (334.2) (221.4)
Payments on contingent consideration liabilities 0.0 (0.6) (20.4)
Noncontrolling interests 721.4 409.5 1,150.2
Net cash provided by financing activities 2,030.1 734.4 339.9
Effect of exchange rate changes on cash and cash equivalents (2.2) 27.4 (37.0)
Increase (decrease) in cash and cash equivalents 657.4 (2,216.8) (704.0)
Cash and cash equivalents, beginning of year 3,989.8 6,206.6 6,910.6
Cash and Cash Equivalents, End of Year 4,647.2 3,989.8 6,206.6
Supplemental Disclosure of Cash Flow Information      
Cash paid for income taxes 498.0 359.4 520.8
Cash paid for interest 116.6 18.9 27.4
Cash paid for interest by consolidated investment products $ 102.8 $ 65.6 $ 2.3