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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows — operating activities:    
Net income $ 110.2 $ 215.3
Net Income (Loss) Attributable to Parent 111.1 215.3
Less: Income from discontinued operations 37.2 26.7
Income from continuing operations 73.0 188.6
Depreciation and amortization 46.3 43.1
Net gains on investments (2.8) (160.6)
Gain on sale of properties 0.0 3.1
Amortization of share-based compensation 13.3 12.1
Equity in earnings of unconsolidated affiliates (16.9) (27.4)
Cash dividends from unconsolidated affiliates 0.2 3.2
Deferred income taxes (1.4) (10.8)
Changes in accounts receivable (12.4) (9.2)
Changes in other assets 4.9 (3.8)
Changes in accounts payable and accrued liabilities 7.6 (2.9)
Changes in income taxes payable (27.9) (9.9)
Changes in deferred revenues and gains (3.9) (1.0)
Changes in accrued compensation and benefits (40.7) (35.4)
Other, net 5.4 (5.5)
Net cash provided from (used for) continuing operating activities 34.9 (15.0)
Net cash provided from discontinued operating activities 33.9 40.3
Net cash provided from operating activities 68.8 25.3
Cash flows — investing activities:    
Cash paid for capital expenditures (30.2) (46.6)
Investments in securities (138.7) (43.6)
Proceeds from (advances to) unconsolidated affiliates (12.3) 10.5
Proceeds from sales/maturities of investments 199.8 234.9
Net change in funds held to satisfy client funds obligations 193.0 141.6
Proceeds from sale of properties 5.7 4.6
Acquisition of businesses, net of cash and cash equivalents acquired (93.5) (8.5)
Proceeds from sale of business, net of cash and cash equivalents sold 9.5 7.9
Other, net 1.0 0.0
Net cash provided from continuing investing activities 134.3 300.8
Net cash provided from (used for) discontinued investing activities 7.3 (12.9)
Net cash provided from investing activities 141.6 287.9
Cash flows — financing activities:    
Proceeds from issuance of common stock 2.3 7.4
Principal payments on debt (3.4) (3.2)
Net borrowings (repayments) on revolving credit facilities 3.9 (30.4)
Net borrowings (repayments) on accounts receivable securitization program 150.0 (15.0)
Net change in client funds obligations (193.0) (141.6)
Common stock repurchased (163.9) (154.7)
Payment of cash dividends (22.1) (22.1)
Excess tax benefits from share-based compensation 3.7 3.9
Receipt of third party capital in investment fund 6.3 0.0
Other, net 0.0 (0.2)
Net cash used for continuing financing activities (216.2) (355.9)
Net cash used for discontinued financing activities 0.0 (6.0)
Net cash used for financing activities (216.2) (361.9)
Net decrease in cash and cash equivalents, including cash within assets held for sale (5.8) (48.7)
Cash and cash equivalents, beginning of period 89.6 151.7
Cash and cash equivalents, end of period 83.8 103.0
Less: cash and cash equivalents held for sale 11.1 9.7
Cash and cash equivalents of continuing operations, end of period $ 72.7 $ 93.3