| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||||
Net income | |||||||||||
774,000 | 458,000 | 729,000 | 106,000 | 427,000 | 413,000 | 384,000 | 349,000 | 383,000 | 389,000 | 263,000 | 315,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
190,000 | 210,000 | 188,000 | 170,000 | 138,000 | 137,000 | 122,000 | 104,000 | 109,000 | 103,000 | 104,000 | 93,000 |
Share-based compensation | |||||||||||
79,000 | 69,000 | 70,000 | 86,000 | 68,000 | 62,000 | 47,000 | 46,000 | 36,000 | 33,000 | 35,000 | 26,000 |
Deferred income taxes | |||||||||||
35,000 | 301,000 | 7,000 | -137,000 | -14,000 | -6,000 | 28,000 | 16,000 | 4,000 | -35,000 | -10,000 | -107,000 |
Excess tax benefits related to share-based payments | |||||||||||
- | - | - | - | - | 15,000 | 16,000 | 7,000 | 10,000 | 2,000 | 4,000 | 5,000 |
Provision for bad debts | |||||||||||
- | - | - | - | - | - | - | - | 4,000 | 5,000 | 1,000 | 4,000 |
Extinguishment of debt | |||||||||||
- | - | - | - | - | - | - | - | - | - | 4,000 | - |
Reversal of certain Swedish tax benefits | |||||||||||
0 | 41,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Non-cash restructuring charges | |||||||||||
25,000 | 0 | 0 | - | 136,000 | 0 | 1,000 | 16,000 | - | - | - | - |
Net gain on divestiture of business | |||||||||||
27,000 | 33,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Gain on sale of investment security | |||||||||||
0 | 118,000 | 0 | 0 | - | - | 30,000 | - | - | - | - | - |
Debt conversion expense | |||||||||||
- | - | - | - | - | - | - | - | - | - | 25,000 | - |
Asset impairment charge | |||||||||||
- | - | - | 578,000 | 0 | 49,000 | 14,000 | 40,000 | 25,000 | 6,000 | 13,000 | 42,000 |
Write-off of the remaining unamortized balance of debt issuance costs | |||||||||||
- | - | - | - | - | - | - | - | 31,000 | 37,000 | - | - |
Non-cash merger and strategic initiatives | |||||||||||
- | - | - | - | - | 20,000 | - | - | - | - | - | - |
Loss on divestiture of business | |||||||||||
- | - | - | - | - | - | - | -14,000 | - | -11,000 | - | - |
Loss on sale of investment security | |||||||||||
- | - | - | - | - | - | - | - | - | - | -5,000 | - |
Gain on sales of businesses | |||||||||||
- | - | - | - | - | - | - | - | - | - | 12,000 | - |
Net income from unconsolidated investees | |||||||||||
84,000 | 18,000 | 15,000 | 2,000 | 17,000 | 0 | -2,000 | - | 2,000 | 2,000 | -107,000 | 27,000 |
Amortization of debt issuance costs | |||||||||||
- | - | - | - | - | - | - | - | 6,000 | 6,000 | 11,000 | - |
Loss on foreign currency contracts, net | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -58,000 |
Accretion of debt discounts | |||||||||||
- | - | - | - | - | - | - | - | 13,000 | 14,000 | 13,000 | 11,000 |
Other reconciling items included in net income | |||||||||||
-19,000 | -15,000 | -25,000 | -17,000 | -7,000 | -28,000 | -9,000 | -16,000 | 10,000 | -2,000 | 2,000 | 2,000 |
Net change in operating assets and liabilities, net of effects of divestiture and acquisitions: | |||||||||||
Receivables, net | |||||||||||
42,000 | 35,000 | -11,000 | -73,000 | -55,000 | 16,000 | 55,000 | 30,000 | 11,000 | -5,000 | -33,000 | -31,000 |
Other assets | |||||||||||
173,000 | 40,000 | 30,000 | 52,000 | 41,000 | 84,000 | -8,000 | -71,000 | -69,000 | 85,000 | -119,000 | 181,000 |
Accounts payable and accrued expenses | |||||||||||
-49,000 | 33,000 | -12,000 | 5,000 | -38,000 | -40,000 | 51,000 | 1,000 | 24,000 | 4,000 | -125,000 | 20,000 |
Section 31 fees payable to SEC | |||||||||||
23,000 | -19,000 | 20,000 | 5,000 | -26,000 | 42,000 | -15,000 | -9,000 | 24,000 | -55,000 | 88,000 | -54,000 |
Accrued personnel costs | |||||||||||
-9,000 | 37,000 | -41,000 | 27,000 | 33,000 | -4,000 | 39,000 | -27,000 | 10,000 | 2,000 | -41,000 | 21,000 |
Deferred revenue | |||||||||||
-15,000 | 7,000 | -29,000 | -75,000 | -49,000 | 64,000 | -33,000 | 5,000 | -14,000 | 14,000 | 4,000 | -42,000 |
Other current liabilities | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -9,000 |
Other liabilities | |||||||||||
217,000 | 120,000 | -14,000 | -25,000 | 48,000 | -18,000 | 18,000 | -17,000 | -22,000 | -12,000 | -41,000 | 18,000 |
Net assets held for sale | |||||||||||
- | - | - | - | 0 | - | - | - | - | - | - | - |
Net cash provided by operating activities | |||||||||||
963,000 | 1,028,000 | 909,000 | 776,000 | 727,000 | 632,000 | 574,000 | 588,000 | 669,000 | 440,000 | 582,000 | 216,000 |
Cash flows from investing activities: | |||||||||||
Purchases of securities | |||||||||||
579,000 | 421,000 | 392,000 | 468,000 | 346,000 | 283,000 | 437,000 | 301,000 | 533,000 | 237,000 | 607,000 | 164,000 |
Proceeds from sales and redemptions of securities | |||||||||||
543,000 | 374,000 | 424,000 | 411,000 | 319,000 | 281,000 | 452,000 | 372,000 | 501,000 | 350,000 | 542,000 | - |
Proceeds from divestiture of business | |||||||||||
132,000 | 286,000 | 0 | 0 | - | - | - | - | - | - | 14,000 | - |
Proceeds from Sale and Maturity of Debt and Equity Securities, FV-NI, Held-for-investment | |||||||||||
11,000 | 169,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Purchase of equity method investment | |||||||||||
- | - | - | - | - | - | - | - | - | - | 16,000 | - |
Purchases of available-for-sale investment securities | |||||||||||
- | - | - | - | 38,000 | 20,000 | - | - | - | - | - | - |
Proceeds from maturities of available-for-sale investment securities | |||||||||||
- | - | - | - | 29,000 | 17,000 | 48,000 | - | - | - | 25,000 | 15,000 |
Capital contribution in equity method investment | |||||||||||
- | - | - | - | 30,000 | 0 | 43,000 | - | - | - | - | - |
Purchase of equity and cost method investments | |||||||||||
- | - | - | - | 30,000 | - | - | - | - | - | - | - |
Proceeds from sales of equity method investments | |||||||||||
- | - | - | - | - | - | - | - | - | 1,000 | 54,000 | - |
Purchases of foreign currency contracts | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 13,000 |
Settlement of foreign currency contracts | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 67,000 |
Acquisition of businesses, net of cash and cash equivalents acquired | |||||||||||
206,000 | 75,000 | 776,000 | 1,466,000 | 226,000 | 0 | 1,121,000 | 112,000 | 26,000 | 190,000 | 6,000 | 2,999,000 |
Purchases of property and equipment | |||||||||||
127,000 | 111,000 | 144,000 | 134,000 | 133,000 | 140,000 | 115,000 | 87,000 | 88,000 | 42,000 | 59,000 | 55,000 |
Other investing activities | |||||||||||
14,000 | 26,000 | 2,000 | - | 10,000 | 10,000 | - | - | - | - | - | - |
Net cash used in investing activities | |||||||||||
-240,000 | 196,000 | -890,000 | -1,657,000 | -435,000 | -155,000 | -1,216,000 | -128,000 | -146,000 | -118,000 | -53,000 | -3,149,000 |
Cash flows from financing activities: | |||||||||||
Proceeds from (repayments of) commercial paper, net | |||||||||||
116,000 | -205,000 | 480,000 | 0 | 0 | - | - | - | - | - | - | - |
Repayments of debt obligations | |||||||||||
1,215,000 | 115,000 | 708,000 | 1,156,000 | 369,000 | 970,000 | 289,000 | 145,000 | 948,000 | 2,216,000 | 340,000 | 428,000 |
Payment of debt extinguishment cost | |||||||||||
11,000 | 0 | 9,000 | 0 | 0 | - | - | - | - | - | - | - |
Proceeds from utilization of credit commitment | |||||||||||
- | - | - | 2,456,000 | 506,000 | - | - | - | - | - | - | - |
Proceeds from issuances of long-term debt, net of issuance costs | |||||||||||
680,000 | 0 | 648,000 | - | 0 | - | - | - | - | - | - | - |
Proceeds from issuance of term loan facility | |||||||||||
- | - | - | - | 0 | - | - | - | - | - | - | - |
Proceeds from issuances of senior unsecured notes and term loan facility | |||||||||||
- | - | - | - | - | 241,000 | 895,000 | - | 700,000 | 2,409,000 | - | 2,422,000 |
Proceeds from issuances of senior unsecured notes and term loan facility | |||||||||||
- | - | - | - | - | 494,000 | - | - | - | - | - | - |
Repurchases of common stock | |||||||||||
200,000 | 394,000 | 203,000 | 100,000 | 377,000 | 178,000 | 10,000 | 275,000 | 100,000 | 797,000 | - | - |
Dividends paid | |||||||||||
305,000 | 280,000 | 243,000 | 200,000 | 149,000 | 98,000 | 87,000 | 65,000 | - | - | - | - |
Purchases of noncontrolling interests | |||||||||||
- | - | - | - | - | - | - | - | - | - | 6,000 | - |
Proceeds from contributions of noncontrolling interests | |||||||||||
- | - | - | - | - | - | - | - | - | 3,000 | 7,000 | - |
Cash inducement payment | |||||||||||
- | - | - | - | - | - | - | - | - | - | 9,000 | - |
Net proceeds from exercise of warrants | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 22,000 |
Proceeds received from employee stock activity and other issuances | |||||||||||
37,000 | 17,000 | 53,000 | 54,000 | 29,000 | 40,000 | 35,000 | 6,000 | 10,000 | 6,000 | 8,000 | 8,000 |
Payments related to employee shares withheld for taxes | |||||||||||
39,000 | 50,000 | 71,000 | 65,000 | 34,000 | 31,000 | 12,000 | 3,000 | - | - | - | - |
Excess tax benefits related to share-based payments | |||||||||||
- | - | - | - | - | 15,000 | 16,000 | 7,000 | 10,000 | 2,000 | 4,000 | 5,000 |
Proceeds of customer funds | |||||||||||
- | - | - | -38,000 | 13,000 | 25,000 | - | - | - | - | - | - |
Other financing activities | |||||||||||
- | - | - | -3,000 | -19,000 | 2,000 | -1,000 | -4,000 | 3,000 | -2,000 | - | - |
Net cash provided by (used in) financing activities | |||||||||||
-937,000 | -1,027,000 | -53,000 | 948,000 | -400,000 | -460,000 | 547,000 | -479,000 | -325,000 | -595,000 | -336,000 | 2,029,000 |
Effect of exchange rate changes on cash and cash equivalents and restricted cash | |||||||||||
-10,000 | -10,000 | 15,000 | -6,000 | -11,000 | -23,000 | -4,000 | 10,000 | -7,000 | -6,000 | 27,000 | -47,000 |
Net increase (decrease) in cash and cash equivalents and restricted cash | |||||||||||
-224,000 | 187,000 | -19,000 | 61,000 | -119,000 | -6,000 | -99,000 | -9,000 | 191,000 | -279,000 | 220,000 | -951,000 |
Supplemental Disclosure Cash Flow Information | |||||||||||
Cash paid for: | |||||||||||
Interest | |||||||||||
120,000 | 148,000 | 129,000 | 119,000 | 103,000 | 114,000 | 79,000 | 80,000 | 86,000 | 53,000 | 71,000 | 67,000 |
Income taxes, net of refund | |||||||||||
205,000 | 221,000 | 154,000 | 191,000 | 202,000 | 190,000 | 157,000 | 177,000 | 129,000 | 148,000 | 153,000 | 266,000 |
Non-cash investing activities: | |||||||||||
Cost method investment | |||||||||||
- | - | - | - | - | 75,000 | - | 37,000 | - | - | - | - |
Acquisition of eSpeed contingent future issuance of Nasdaq common stock | |||||||||||
- | - | - | - | - | - | 484,000 | - | - | - | - | - |