| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Dec'15 | Sep'15 | Jun'15 | Mar'15 | Dec'14 | Sep'14 | Jun'14 | Mar'14 | Dec'13 | Sep'13 | Jun'13 | Mar'13 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating activities: | ||||||||||||||||||||||||||||
Net income | ||||||||||||||||||||||||||||
658,000 | 453,000 | 537,000 | 478,000 | 492,000 | 619,000 | 465,000 | 462,000 | 474,000 | 1,239,000 | 377,000 | 427,000 | 511,000 | 367,000 | 350,000 | 363,000 | 377,000 | 373,000 | 310,000 | 289,000 | 323,000 | 294,000 | 213,000 | 235,000 | 274,000 | -170,000 | 145,000 | 158,000 | 137,000 |
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | -10,000 | 8,000 | 13,000 | -50,000 | 0 | 0 | 0 |
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest | ||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 294,000 | 223,000 | 227,000 | 261,000 | -120,000 | 145,000 | 158,000 | 137,000 |
Net income | ||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | - |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||||||||||||||||||
Depreciation and amortization | ||||||||||||||||||||||||||||
157,000 | 189,000 | 158,000 | 157,000 | 158,000 | 157,000 | 148,000 | 143,000 | 138,000 | 131,000 | 128,000 | 142,000 | 134,000 | 140,000 | 181,000 | 146,000 | 143,000 | 98,000 | 94,000 | 93,000 | 89,000 | 89,000 | 83,000 | 81,000 | 80,000 | 56,000 | 35,000 | 33,000 | 32,000 |
Stock-based compensation | ||||||||||||||||||||||||||||
41,000 | 39,000 | 36,000 | 35,000 | 29,000 | 37,000 | 32,000 | 32,000 | 29,000 | 33,000 | 34,000 | 34,000 | 34,000 | 34,000 | 30,000 | 31,000 | 29,000 | 32,000 | 32,000 | 23,000 | 24,000 | 24,000 | 24,000 | 29,000 | 20,000 | 22,000 | 12,000 | 15,000 | 15,000 |
Deferred taxes | ||||||||||||||||||||||||||||
-3,000 | 19,000 | -10,000 | -14,000 | -28,000 | 29,000 | 5,000 | -1,000 | -6,000 | -712,000 | 69,000 | -39,000 | 28,000 | 100,000 | -29,000 | 19,000 | 30,000 | -45,000 | -25,000 | -14,000 | -24,000 | 78,000 | -29,000 | -13,000 | -15,000 | -1,000 | -15,000 | -10,000 | -9,000 |
Cetip realized investment gain, net | ||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | 62,000 | -176,000 | 0 | 0 | 0 | 0 | 23,000 | 0 | -11,000 | -12,000 | - | - | - | - | - | - | - | - |
Amortization of fair market value premium on NYSE Notes | ||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -14,000 | -14,000 | - | - | - | - |
Excess tax benefits from stock-based compensation | ||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,000 | 2,000 | 3,000 |
Other | ||||||||||||||||||||||||||||
11,000 | 6,000 | 8,000 | 5,000 | 21,000 | 13,000 | 7,000 | 5,000 | -1,000 | 9,000 | 6,000 | 6,000 | 1,000 | 8,000 | 2,000 | -1,000 | -3,000 | 1,000 | -1,000 | 2,000 | 15,000 | 22,000 | 5,000 | 9,000 | 10,000 | -47,000 | -2,000 | -1,000 | -1,000 |
Changes in assets and liabilities: | ||||||||||||||||||||||||||||
Customer accounts receivable | ||||||||||||||||||||||||||||
600,000 | -67,000 | 1,000 | -131,000 | 227,000 | -75,000 | -29,000 | -111,000 | 259,000 | -18,000 | -17,000 | -70,000 | 240,000 | -23,000 | -69,000 | -72,000 | 229,000 | -17,000 | -29,000 | -31,000 | 122,000 | -78,000 | 14,000 | 58,000 | 49,000 | -13,000 | -9,000 | -3,000 | 60,000 |
Other current and non-current assets | ||||||||||||||||||||||||||||
35,000 | 39,000 | -19,000 | 12,000 | -15,000 | 21,000 | -15,000 | 7,000 | 32,000 | -5,000 | -8,000 | 34,000 | 3,000 | -15,000 | -13,000 | 8,000 | 13,000 | -15,000 | -5,000 | -1,000 | 26,000 | 53,000 | -29,000 | -57,000 | 11,000 | -17,000 | -1,000 | 11,000 | 0 |
Section 31 fees payable | ||||||||||||||||||||||||||||
27,000 | 36,000 | -133,000 | 98,000 | -35,000 | 150,000 | -197,000 | 88,000 | -8,000 | 101,000 | -150,000 | 91,000 | -40,000 | 69,000 | -162,000 | 98,000 | -19,000 | 127,000 | -137,000 | 76,000 | -45,000 | 4,000 | -125,000 | 82,000 | -13,000 | - | - | - | 28,000 |
Deferred revenue | ||||||||||||||||||||||||||||
372,000 | -132,000 | -115,000 | -118,000 | 347,000 | -123,000 | -125,000 | -94,000 | 343,000 | -121,000 | -111,000 | -87,000 | 327,000 | -116,000 | -113,000 | -81,000 | 338,000 | -104,000 | -106,000 | -75,000 | 312,000 | -79,000 | -89,000 | -67,000 | 293,000 | -27,000 | -29,000 | 11,000 | 14,000 |
Accrued salaries and benefits | ||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 32,000 | 16,000 | -35,000 |
Other current and non-current liabilities | ||||||||||||||||||||||||||||
-86,000 | 83,000 | 17,000 | -22,000 | -76,000 | 64,000 | 134,000 | -66,000 | -107,000 | 104,000 | -55,000 | -172,000 | 37,000 | -11,000 | 68,000 | -135,000 | -62,000 | -49,000 | -83,000 | -106,000 | -39,000 | 37,000 | 3,000 | -16,000 | -5,000 | -20,000 | -54,000 | 46,000 | 30,000 |
Total adjustments | ||||||||||||||||||||||||||||
-138,000 | 324,000 | -37,000 | 250,000 | 162,000 | 179,000 | 34,000 | 201,000 | 99,000 | -564,000 | -66,000 | 61,000 | 100,000 | 274,000 | 55,000 | 143,000 | 220,000 | 48,000 | -190,000 | 16,000 | 142,000 | 247,000 | -137,000 | 72,000 | 276,000 | 379,671 | 1,329 | 0 | 13,000 |
Net cash provided by operating activities | ||||||||||||||||||||||||||||
520,000 | 777,000 | 500,000 | 728,000 | 654,000 | 798,000 | 499,000 | 663,000 | 573,000 | 675,000 | 311,000 | 488,000 | 611,000 | 641,000 | 405,000 | 506,000 | 597,000 | 421,000 | 120,000 | 305,000 | 465,000 | 541,000 | 86,000 | 299,000 | 537,000 | 562,671 | 1,329 | 0 | 150,000 |
Investing activities: | ||||||||||||||||||||||||||||
Capital expenditures | ||||||||||||||||||||||||||||
15,000 | 66,000 | 30,000 | 31,000 | 26,000 | 85,000 | 16,000 | 19,000 | 14,000 | 84,000 | 55,000 | 49,000 | 32,000 | 84,000 | 70,000 | 65,000 | 31,000 | 65,000 | 33,000 | 53,000 | 39,000 | 67,000 | 47,000 | 33,000 | 25,000 | 58,000 | 44,000 | 17,000 | 15,000 |
Capitalized software development costs | ||||||||||||||||||||||||||||
44,000 | 36,000 | 39,000 | 38,000 | 39,000 | 34,000 | 37,000 | 38,000 | 37,000 | 33,000 | 35,000 | 35,000 | 34,000 | 27,000 | 27,000 | 36,000 | 25,000 | 20,000 | 23,000 | 23,000 | 21,000 | 22,000 | 16,000 | 20,000 | 20,000 | 17,000 | 10,000 | 9,000 | 9,000 |
Cash paid for acquisitions, net of cash received for divestiture | ||||||||||||||||||||||||||||
249,000 | 0 | 0 | 333,000 | 19,000 | 95,000 | 746,000 | 5,000 | 400,000 | 414,000 | -1,000 | -12,000 | 22,000 | - | - | - | 0 | - | - | - | - | 427,000 | 0 | 8,000 | 142,000 | 2,192,000 | 0 | 5,000 | 44,000 |
Purchases of investments | ||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | - | -93,000 | 72,000 | 3,000 | - | -3,000 | 23,000 | -34,000 | 56,000 | -6,000 | 51,000 | 60,000 | 6,000 | 23,000 | -2,000 | 48,000 |
Return of capital from equity method investment | ||||||||||||||||||||||||||||
0 | 16,000 | 0 | 0 | 44,000 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Purchases of cost and equity method investments | ||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6,000 | 5,000 | 0 | 37,000 | 0 |
Purchases of equity investments | ||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | 304,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Proceeds from investments, net | ||||||||||||||||||||||||||||
6,000 | - | - | 40,000 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Proceeds from term deposits | ||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 28,000 | 16,000 | 10,000 | 16,000 | 0 | 0 | 0 |
Other | ||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -55,000 | 0 | 0 | 60,000 | 0 | 0 | 0 | 0 | - | - | - | - |
Net cash used in investing activities | ||||||||||||||||||||||||||||
-302,000 | -82,000 | -110,000 | -362,000 | -40,000 | -138,000 | -799,000 | -63,000 | -755,000 | -115,000 | -91,000 | 342,000 | -44,000 | -554,000 | -4,000 | -243,000 | -59,000 | -3,850,000 | -53,000 | 985,000 | -86,000 | -453,000 | -1,162,000 | 1,894,000 | -243,000 | -2,405,000 | 0 | 0 | -116,000 |
Financing activities: | ||||||||||||||||||||||||||||
Repayments of debt facilities | ||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -391,000 | -322,000 | 929,000 | 161,000 | 2,122,000 | 12,000 | 108,000 | 222,000 |
Proceeds from (Repayments of) Commercial Paper | ||||||||||||||||||||||||||||
503,000 | -7,000 | 20,000 | 293,000 | 54,000 | -248,000 | -847,000 | 23,000 | 789,000 | 36,000 | 24,000 | -352,000 | -117,000 | -1,955,000 | 225,000 | 238,000 | 543,000 | 2,367,000 | 237,000 | -953,000 | 35,000 | - | - | - | - | - | - | - | - |
Repurchases of common stock | ||||||||||||||||||||||||||||
699,000 | 340,000 | 340,000 | 340,000 | 440,000 | 139,000 | 300,000 | 459,000 | 300,000 | 240,000 | 240,000 | 240,000 | 229,000 | 50,000 | 0 | 0 | 0 | 55,000 | 206,000 | 203,000 | 196,000 | 197,000 | 448,000 | 0 | 0 | - | - | - | - |
Payments of Ordinary Dividends, Common Stock | ||||||||||||||||||||||||||||
166,000 | 154,000 | 155,000 | 155,000 | 157,000 | 138,000 | 138,000 | 139,000 | 140,000 | 118,000 | 119,000 | 119,000 | 120,000 | 102,000 | 102,000 | 103,000 | 102,000 | 89,000 | 84,000 | 85,000 | 73,000 | 74,000 | 74,000 | 75,000 | 76,000 | 75,000 | 0 | 0 | 0 |
Proceeds from ICE to capitalize Company | ||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | - |
Payments relating to treasury shares received for restricted stock tax payments and stock option exercises | ||||||||||||||||||||||||||||
69,000 | 1,000 | 4,000 | 3,000 | 57,000 | 2,000 | 2,000 | 4,000 | 72,000 | 3,000 | 4,000 | 4,000 | 77,000 | 3,000 | 3,000 | 1,000 | 47,000 | 3,000 | 3,000 | 3,000 | 36,000 | 6,000 | 2,000 | 1,000 | 36,000 | 53,000 | 3,000 | 1,000 | 20,000 |
Excess tax benefits from stock-based compensation | ||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,000 | 2,000 | 3,000 |
Proceeds from exercise of common stock options | ||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5,000 | 3,000 | 2,000 | 3,000 | 0 | 6,000 | 4,000 |
Acquisition of non-controlling interest and redeemable non-controlling interest | ||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -24,000 | 7,000 | 2,000 | 15,000 | - | 12,000 | 10,000 | 9,000 | 0 | 6,000 | 0 | 6,000 |
Purchase of subsidiary shares from non-controlling interest | ||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 30,000 | 0 | 0 | 10,000 |
Other | ||||||||||||||||||||||||||||
20,000 | 1,000 | -1,000 | 19,000 | 4,000 | 12,000 | -9,000 | 8,000 | -7,000 | 8,000 | -9,000 | 0 | -8,000 | 2,000 | -5,000 | 8,000 | -5,000 | -20,000 | 6,000 | 7,000 | 17,000 | -15,000 | 5,000 | -7,000 | 14,000 | -55,000 | -2,000 | -1,000 | -1,000 |
Net cash used in financing activities | ||||||||||||||||||||||||||||
-411,000 | -502,000 | -469,000 | -186,000 | -596,000 | -444,000 | 282,000 | -571,000 | 270,000 | -437,000 | -213,000 | -770,000 | -551,000 | -96,000 | -335,000 | -334,000 | -697,000 | 3,668,000 | -57,000 | -1,367,000 | -268,000 | -55,000 | -333,000 | -1,019,000 | -266,000 | 1,372,328 | -1,329 | 0 | -252,000 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents | ||||||||||||||||||||||||||||
-9,000 | 6,000 | -3,000 | 0 | 1,000 | -6,000 | 0 | -7,000 | 2,000 | 3,000 | 4,000 | 4,000 | 1,000 | -19,000 | 2,000 | -7,000 | 0 | -5,000 | -1,000 | 3,000 | -11,000 | -19,000 | -6,000 | 5,000 | -1,000 | 20,000 | -1,000 | 2,000 | -3,000 |
Cash Provided by (Used in) Operating Activities, Discontinued Operations | ||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | -4,000 | 73,000 | -18,000 | - | - | - | - |
Net increase in cash and cash equivalents from discontinued operations | ||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 |
Cash Provided by (Used in) Investing Activities, Discontinued Operations | ||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | -498,000 | -6,000 | - | - | - | - |
Net increase (decrease) in cash, cash equivalents, and restricted cash and cash equivalents | ||||||||||||||||||||||||||||
-202,000 | 199,000 | -82,000 | 180,000 | 19,000 | 210,000 | -18,000 | 22,000 | 90,000 | 126,000 | 11,000 | 64,000 | 17,000 | -28,000 | 68,000 | -78,000 | -159,000 | 234,000 | 9,000 | -74,000 | 100,000 | 14,000 | -1,419,000 | 1,093,000 | 3,000 | -430,000 | 0 | 0 | -221,000 |
Supplemental cash flow disclosure: | ||||||||||||||||||||||||||||
Cash paid for income taxes | ||||||||||||||||||||||||||||
127,000 | 100,000 | 161,000 | 218,000 | 78,000 | 109,000 | 78,000 | 202,000 | 144,000 | 83,000 | 82,000 | 364,000 | 65,000 | 98,000 | 87,000 | 219,000 | 56,000 | 123,000 | 186,000 | 182,000 | 51,000 | 73,000 | 50,000 | 169,000 | 46,000 | 55,000 | 50,000 | 64,000 | 29,000 |
Cash paid for interest | ||||||||||||||||||||||||||||
69,000 | 66,000 | 69,000 | 66,000 | 79,000 | 66,000 | 32,000 | 77,000 | 27,000 | 72,000 | 12,000 | 80,000 | 7,000 | 78,000 | 4,000 | 81,000 | 7,000 | 32,000 | 0 | 89,000 | 2,000 | 33,000 | 6,000 | 96,000 | 5,000 | 15,000 | 4,000 | 11,000 | 2,000 |