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Condensed Consolidated Statement of Cash Flows (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows — operating activities:    
Net income $ 338.2 $ 268.6
Depreciation and amortization 97.5 100.4
Net gains on investments (198.2) (136.5)
Gain on sale of properties (0.8) (5.4)
Amortization of share based compensation 15.6 13.9
Equity in earnings of unconsolidated affiliates (25.2) (18.9)
Dividends from unconsolidated affiliates 1.6 129.8
Gain on contract to repurchase common stock (18.1) 0
Deferred income taxes (7.0) (4.8)
Changes in accounts receivable (10.0) 34.9
Changes in other assets 8.4 (7.1)
Changes in accounts payable and accrued liabilities (17.8) (21.6)
Changes in income taxes payable 27.0 (7.3)
Changes in deferred revenues and gains (3.4) (6.1)
Changes in accrued compensation and benefits 0.9 (10.6)
Other, net 15.1 4.6
Net cash provided from operating activities 223.8 333.9
Cash flows — investing activities:    
Capital expenditures (85.6) (75.1)
Investments in securities (56.7) (77.6)
Proceeds from sales/maturities of investments 292.8 300.0
Net decrease in restricted cash and cash equivalents held to satisfy client funds obligations 15.5 137.3
Proceeds from sale of properties 32.3 13.4
Other, net 9.2 (11.3)
Net cash provided from investing activities 207.5 286.7
Cash flows — financing activities:    
Proceeds from issuance of common stock 10.3 21.8
Principal payments on debt (131.8) (124.5)
Repurchases of senior convertible debentures 0 122.8
Net borrowings on revolving credit facilities 61.1 37.4
Net decrease in client funds obligations (15.5) (148.5)
Common stock repurchased (298.2) (205.1)
Payment of cash dividends (36.3) (39.2)
Excess tax benefits from share based compensation 4.5 2.1
Other, net (0.4) (0.2)
Net cash used for financing activities (406.3) (579.0)
Net increase in cash and cash equivalents 25.0 41.6
Cash and cash equivalents, beginning of period 62.5 88.3
Cash and cash equivalents, end of period $ 87.5 $ 129.9