Intercontinental exchange, inc. (ICE)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11
Operating activities:
Net income

1,960

2,020

2,554

1,457

1,295

1,016

270

562

522

Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

-

-

-

-

-

11

-50

0

-

Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest

-

-

-

-

-

1,005

320

562

-

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

662

586

535

610

374

333

156

131

132

Deferred revenue amortization

-

-

-

-

-

-

-

-

-2

Stock-based compensation

139

130

135

124

111

97

64

52

53

Deferred taxes

-33

27

-654

120

-108

21

-35

-24

-3

Cetip realized investment gain, net

0

0

-114

0

0

-55

-7

-

-

Impairment loss on Cetip investment

-

-

-

-

-

-

190

0

0

Trayport gain, net

0

0

110

0

0

-

-

0

0

Gain on acquisition of remaining MERS interest

0

110

0

0

-

-

-

-

-

Amortization of fair market value premium on NYSE Notes

-

-

-

-

-23

-

-

0

-

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

4

Other

40

24

22

6

17

46

-51

4

-8

Changes in assets and liabilities:
Customer accounts receivable

30

44

135

65

45

43

35

-10

22

Other current and non-current assets

17

45

24

-7

5

-22

-7

-2

9

Section 31 fees payable

-34

33

2

-14

21

-52

-32

0

43

Deferred revenue

-18

1

8

28

27

58

-31

-4

-

Other current and non-current liabilities

2

25

-86

-140

-277

19

2

8

-5

Total adjustments

699

513

-469

692

16

458

394

171

191

Net cash provided by operating activities

2,659

2,533

2,085

2,149

1,311

1,463

714

733

713

Investing activities:
Capital expenditures

153

134

220

250

190

172

134

32

57

Capitalized software development costs

152

146

137

115

87

78

45

36

30

Proceeds from sale of Cetip, net

0

0

438

0

0

-

-

-

-

Cash paid for acquisitions, net of cash received for divestiture

352

1,246

423

425

3,751

577

2,241

18

10

Purchases of investments

-

-

-

-

-

161

75

32

2

Return of capital from equity method investment

60

0

0

-

-

-

-

-

-

Cash received from divestitures

0

0

761

0

0

-

-

-

-

Purchases of cost and equity method investments

-

-

-

-

60

1,304

42

0

514

Purchases of equity investments

0

306

327

70

-

2,274

0

0

4

Proceeds from investments, net

9

77

0

0

-

-

-

-

-

Proceeds from term deposits

-

-

-

-

1,089

54

16

0

2

Other

6

0

0

-

5

0

0

-

-

Net cash used in investing activities

-594

-1,755

92

-860

-3,004

36

-2,521

-118

-615

Financing activities:
Proceeds from debt facilities, net

10

2,213

984

0

2,472

0

2,753

295

1,301

Repayments of debt facilities

0

600

850

0

1,028

377

2,464

50

992

Proceeds from (Repayments of) Commercial Paper

360

-283

-409

-949

1,686

-175

1,080

-

-

Repurchases of common stock

1,460

1,198

949

50

660

645

0

53

175

Payments of Ordinary Dividends, Common Stock

621

555

476

409

331

299

75

0

0

Issuance costs for debt facilities

-

-

-

-

-

-

-

-

16

Payments relating to treasury shares received for restricted stock tax payments and stock option exercises

65

80

88

54

45

45

77

19

15

Prepayment related to early payoff of debt

-

-

-

-

-

-

-

0

0

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

4

Proceeds from exercise of common stock options

-

-

-

-

-

-

13

7

9

Acquisition of non-controlling interest and redeemable non-controlling interest

0

35

174

0

0

-

12

12

11

Proceeds from issuance of redeemable non-controlling interest

0

71

0

0

-

-

-

-

-

Purchase of subsidiary shares from non-controlling interest

-

-

-

-

128

129

40

4

0

Other

23

4

-9

0

10

-3

-59

8

-

Net cash used in financing activities

-1,753

-463

-1,971

-1,462

1,976

-1,673

1,119

172

105

Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents

4

-11

12

-24

-14

-21

18

2

-2

Cash Provided by (Used in) Operating Activities, Discontinued Operations

-

-

-

-

-

51

21

0

-

Cash Provided by (Used in) Investing Activities, Discontinued Operations

-

-

-

-

-

-504

-2

0

-

Cash Provided by (Used in) Financing Activities, Discontinued Operations

-

-

-

-

-

339

0

0

-

Net increase (decrease) in cash, cash equivalents, and restricted cash and cash equivalents

316

304

218

-197

269

-309

-651

789

201

Supplemental cash flow disclosure:
Cash paid for income taxes

557

533

594

460

542

338

198

232

194

Cash paid for interest

280

202

171

170

123

140

32

29

17

Common stock and vested stock options issued for acquisitions

-

-

-

-

2,197

0

8,347

0

13

Treasury stock retirement

-

-

-

1,512

0

0

741

0

0