Nasdaq, Inc. NDAQ Cash Flow

Nasdaq, inc. (NDAQ)

CashFlow / Quarterly

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	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net income
203,000	203,000	150,000	174,000	247,000	-44,000	163,000	162,000	177,000	246,000	169,000	146,000	168,000	-227,000	131,000	70,000	132,000	148,000	138,000	132,000	9,000	86,000	122,000	102,000	103,000	141,000	113,000	88,000	42,000	85,000	88,000	92,000	84,000	81,000	108,000	91,000	103,000	135,000	100,000	94,000	60,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
48,000	47,000	47,000	48,000	48,000	51,000	53,000	53,000	53,000	48,000	48,000	47,000	45,000	45,000	46,000	41,000	38,000	36,000	35,000	33,000	34,000	33,000	35,000	34,000	35,000	34,000	33,000	28,000	27,000	27,000	26,000	25,000	26,000	28,000	28,000	26,000	27,000	28,000	25,000	25,000	25,000
Share-based compensation
17,000	22,000	21,000	20,000	16,000	18,000	18,000	18,000	15,000	18,000	18,000	19,000	15,000	31,000	20,000	19,000	16,000	19,000	17,000	18,000	14,000	17,000	15,000	16,000	14,000	15,000	14,000	9,000	9,000	12,000	12,000	12,000	10,000	10,000	9,000	10,000	7,000	8,000	8,000	9,000	8,000
Deferred income taxes
-1,000	56,000	-20,000	15,000	-16,000	313,000	24,000	-27,000	-9,000	11,000	-12,000	-21,000	29,000	-127,000	-3,000	-9,000	2,000	47,000	3,000	-9,000	-55,000	13,000	2,000	-11,000	-10,000	43,000	13,000	-5,000	-23,000	36,000	16,000	-28,000	-8,000	22,000	3,000	-10,000	-11,000	-30,000	0	4,000	-9,000
Excess tax benefits related to share-based payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,000	3,000	2,000	10,000	-1,000	3,000	3,000	5,000	-2,000	11,000	2,000	-	-	0	1,000	4,000	0	3,000	3,000	1,000	-1,000	1,000	1,000
Provision for bad debts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	-	1,000	2,000	2,000	1,000	2,000	0	1,000	1,000	2,000	1,000	1,000
Extinguishment of debt
-36,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash restructuring charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	0	6,000	128,000	-	-	-	-	-	-	0	1,000	1,000	3,000	8,000	4,000	-	-	-	-	-	-	-	-
Net gain on divestiture of business
0	0	0	0	27,000	0	-8,000	41,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset impairment charge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,000	0	0	10,000	0	0	28,000	12,000	-	-	-	-	1,000	2,000	0	3,000
Non-cash merger and strategic initiatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2,000	18,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charges related to debt refinancing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	37,000
Net income from unconsolidated investees
17,000	13,000	16,000	10,000	45,000	5,000	6,000	5,000	2,000	5,000	4,000	2,000	4,000	-4,000	3,000	1,000	2,000	1,000	1,000	1,000	14,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	0	1,000	1,000	1,000	2,000	2,000	-	-	-	1,000
Accretion of debt discounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	0	1,000	1,000	4,000	4,000	4,000	3,000	4,000	3,000	4,000
Other reconciling items included in net income
1,000	-1,000	-3,000	-15,000	0	-5,000	-1,000	-6,000	-3,000	-7,000	3,000	-14,000	-7,000	-12,000	-1,000	0	-4,000	2,000	0	-6,000	-3,000	-10,000	0	-14,000	-4,000	2,000	-10,000	0	-1,000	-15,000	4,000	-4,000	-1,000	-	-	-	-	-8,000	9,000	-4,000	1,000
Net change in operating assets and liabilities, net of effects of divestiture and acquisitions:
Receivables, net
174,000	35,000	-13,000	-30,000	50,000	24,000	-41,000	-75,000	127,000	19,000	-47,000	-12,000	29,000	-20,000	-59,000	1,000	5,000	41,000	-42,000	-18,000	-36,000	23,000	-17,000	-32,000	42,000	19,000	14,000	36,000	-14,000	4,000	-9,000	15,000	20,000	-33,000	1,000	17,000	26,000	-13,000	-63,000	-9,000	80,000
Other assets
-69,000	45,000	-58,000	-102,000	288,000	17,000	63,000	28,000	-68,000	406,000	-308,000	-75,000	7,000	50,000	17,000	-17,000	2,000	-	-	4,000	-17,000	64,000	10,000	-7,000	17,000	-5,000	-64,000	54,000	7,000	-9,000	-80,000	-5,000	23,000	-9,000	5,000	-74,000	9,000	-17,000	41,000	-25,000	86,000
Accounts payable and accrued expenses
28,000	-13,000	1,000	-71,000	34,000	27,000	-5,000	-54,000	65,000	6,000	16,000	-46,000	12,000	8,000	-8,000	-9,000	14,000	-17,000	-18,000	-39,000	36,000	4,000	-8,000	-35,000	-1,000	-27,000	-5,000	39,000	44,000	26,000	-17,000	11,000	-19,000	-17,000	-5,000	37,000	9,000	-1,000	-44,000	15,000	34,000
Section 31 fees payable to SEC
29,000	98,000	-136,000	101,000	-40,000	88,000	-204,000	97,000	0	97,000	-138,000	88,000	-27,000	82,000	-134,000	75,000	-18,000	73,000	-122,000	65,000	-42,000	98,000	-128,000	80,000	-8,000	63,000	-126,000	74,000	-26,000	73,000	-132,000	87,000	-37,000	76,000	-117,000	77,000	-12,000	-	-	-	-80,000
Accrued personnel costs
-53,000	49,000	20,000	1,000	-79,000	59,000	31,000	6,000	-59,000	41,000	5,000	11,000	-98,000	35,000	45,000	36,000	-89,000	51,000	27,000	22,000	-67,000	36,000	14,000	4,000	-58,000	-	-	22,000	-52,000	28,000	10,000	15,000	-80,000	27,000	20,000	18,000	-55,000	23,000	18,000	15,000	-54,000
Deferred revenue
204,000	-67,000	-60,000	-74,000	186,000	-67,000	-57,000	-77,000	208,000	-47,000	-66,000	-68,000	152,000	-121,000	-65,000	-36,000	147,000	-46,000	-61,000	-63,000	121,000	-3,000	-32,000	-29,000	128,000	-46,000	-34,000	-58,000	105,000	-32,000	-43,000	-47,000	127,000	-34,000	-50,000	-38,000	108,000	-35,000	-40,000	-28,000	117,000
Other current liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,000
Other liabilities
-8,000	36,000	-5,000	-165,000	351,000	74,000	10,000	53,000	-17,000	52,000	-42,000	-5,000	-19,000	2,000	-9,000	-36,000	18,000	11,000	30,000	-6,000	13,000	-21,000	-4,000	-13,000	20,000	19,000	-17,000	11,000	5,000	-27,000	-29,000	11,000	28,000	-37,000	1,000	-12,000	26,000	-51,000	56,000	-3,000	-14,000
Net assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
380,000	339,000	101,000	186,000	337,000	360,000	14,000	279,000	375,000	300,000	95,000	270,000	244,000	284,000	63,000	174,000	255,000	255,000	66,000	175,000	231,000	225,000	24,000	200,000	183,000	237,000	82,000	106,000	149,000	232,000	38,000	210,000	108,000	233,000	6,000	259,000	171,000	183,000	34,000	239,000	-16,000
Cash flows from investing activities:
Purchases of securities
92,000	195,000	73,000	210,000	101,000	109,000	62,000	177,000	73,000	101,000	57,000	141,000	93,000	92,000	131,000	101,000	144,000	81,000	75,000	130,000	60,000	44,000	38,000	105,000	96,000	137,000	113,000	75,000	112,000	125,000	12,000	146,000	18,000	104,000	81,000	234,000	114,000	49,000	19,000	50,000	119,000
Proceeds from sales and redemptions of securities
114,000	114,000	120,000	171,000	138,000	43,000	173,000	77,000	81,000	90,000	133,000	81,000	120,000	83,000	134,000	100,000	94,000	-	-	-	-	35,000	46,000	107,000	93,000	96,000	106,000	132,000	118,000	63,000	61,000	151,000	97,000	115,000	88,000	198,000	100,000	134,000	38,000	15,000	163,000
Proceeds from divestiture of business
0	24,000	0	0	108,000	0	-8,000	294,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Sale of Short-term Investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	119,000	88,000	29,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of available-for-sale investment securities
-	-	-	-	-	-	-	-	-	-	0	7,000	5,000	-	-1,000	3,000	5,000	12,000	-1,000	15,000	12,000	3,000	0	12,000	5,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturities of available-for-sale investment securities
-	-	-	-	-	-	-	-	-	-	24,000	0	6,000	-	12,000	0	7,000	0	26,000	0	3,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital contribution in equity method investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	30,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of businesses, net of cash and cash equivalents acquired
157,000	13,000	0	0	193,000	75,000	0	0	0	-	-	-	-	6,000	0	1,247,000	213,000	0	0	0	226,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property and equipment
26,000	39,000	25,000	43,000	20,000	39,000	27,000	29,000	16,000	42,000	38,000	28,000	36,000	49,000	34,000	28,000	23,000	42,000	32,000	35,000	24,000	47,000	27,000	35,000	31,000	35,000	35,000	25,000	20,000	24,000	22,000	25,000	16,000	37,000	27,000	14,000	10,000	10,000	12,000	9,000	11,000
Other investing activities
-7,000	0	1,000	7,000	6,000	20,000	0	6,000	0	-	-	-	-	-	0	0	10,000	1,000	3,000	0	6,000	0	0	3,000	7,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-154,000	-109,000	32,000	-89,000	-74,000	-31,000	76,000	159,000	-8,000	-817,000	31,000	-96,000	-8,000	-66,000	-18,000	-1,279,000	-294,000	-53,000	36,000	-92,000	-326,000	-59,000	-2,000	-48,000	-46,000	-32,000	-42,000	-1,128,000	-14,000	-101,000	-13,000	-77,000	63,000	-50,000	-20,000	-52,000	-24,000	-39,000	-65,000	-47,000	33,000
Cash flows from financing activities:
Proceeds from (repayments of) commercial paper, net
-42,000	-148,000	72,000	-73,000	265,000	-35,000	42,000	-194,000	-18,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of commercial paper, net
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of debt obligations
671,000	0	0	700,000	515,000	0	0	0	115,000	25,000	13,000	670,000	0	38,000	85,000	478,000	555,000	193,000	85,000	66,000	25,000	123,000	93,000	608,000	146,000	98,000	168,000	12,000	11,000	11,000	12,000	11,000	111,000	378,000	450,000	85,000	35,000	405,000	70,000	41,000	1,700,000
Payment of debt extinguishment cost
36,000	0	0	11,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from utilization of credit commitment
799,000	-	-	-	15,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuances of long-term debt, net of issuance costs
644,000	0	0	680,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuances of senior unsecured notes and term loan facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,233,000	325,000	-	235,000	31,000	100,000	-371,000	93,000	494,000	25,000	-	-	-	-	-	-	-	-	-	-	-	-	734,000	-1,000	-2,000	1,678,000
Proceeds from issuances of senior unsecured notes and term loan facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	399,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchases of common stock
122,000	0	150,000	50,000	0	0	54,000	241,000	99,000	28,000	19,000	0	156,000	0	55,000	16,000	29,000	67,000	255,000	25,000	30,000	-	-	-	-	0	0	0	10,000	50,000	50,000	125,000	50,000	-	-	-	0	497,000	100,000	154,000	46,000
Dividends paid
78,000	77,000	78,000	77,000	73,000	72,000	73,000	72,000	63,000	63,000	64,000	63,000	53,000	53,000	53,000	53,000	41,000	41,000	40,000	43,000	25,000	25,000	26,000	25,000	22,000	22,000	22,000	22,000	21,000	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000
Proceeds received from employee stock activity and other issuances
-	-	-	-	-	-	-	-	-	21,000	2,000	29,000	1,000	12,000	14,000	27,000	1,000	10,000	2,000	11,000	6,000	10,000	12,000	11,000	7,000	-	-	-	-	-	-	1,000	1,000	1,000	1,000	3,000	5,000	1,000	1,000	3,000	1,000
Payments related to employee shares withheld for taxes
28,000	8,000	1,000	0	30,000	6,000	1,000	1,000	42,000	6,000	16,000	2,000	47,000	7,000	1,000	23,000	34,000	6,000	1,000	3,000	24,000	8,000	0	2,000	21,000	8,000	0	3,000	1,000	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds of customer funds
0	-	-	-	36,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds From Stock Options Exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,000	9,000	6,000	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits related to share-based payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,000	3,000	2,000	10,000	-1,000	3,000	3,000	5,000	-2,000	11,000	2,000	-	-	0	1,000	4,000	0	3,000	3,000	1,000	-1,000	1,000	1,000
Proceeds of customer funds
0	-	-	-	36,000	-	-	-	0	-	-2,000	-61,000	63,000	0	0	0	-38,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other financing activities
2,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,000	0	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
468,000	-208,000	-156,000	-271,000	-302,000	-121,000	-71,000	-498,000	-337,000	365,000	46,000	-272,000	-192,000	-69,000	-135,000	1,124,000	28,000	-179,000	-133,000	-92,000	4,000	-45,000	-42,000	-220,000	-153,000	-109,000	-121,000	812,000	-35,000	-76,000	-86,000	-158,000	-159,000	-220,000	-9,000	-69,000	-27,000	-165,000	-172,000	-190,000	-68,000
Effect of exchange rate changes on cash and cash equivalents and restricted cash
-12,000	7,000	-7,000	-2,000	-8,000	2,000	1,000	-13,000	0	0	5,000	8,000	2,000	-7,000	0	-5,000	6,000	-5,000	-3,000	5,000	-8,000	-	-	-	2,000	2,000	2,000	-2,000	-6,000	4,000	8,000	-9,000	7,000	0	-12,000	1,000	4,000	0	13,000	-11,000	-8,000
Net increase (decrease) in cash and cash equivalents and restricted cash
682,000	29,000	-30,000	-176,000	-47,000	210,000	20,000	-73,000	30,000	-152,000	177,000	-90,000	46,000	142,000	-90,000	14,000	-5,000	18,000	-34,000	-4,000	-99,000	106,000	-28,000	-70,000	-14,000	98,000	-79,000	-212,000	94,000	59,000	-53,000	-34,000	19,000	-37,000	-35,000	139,000	124,000	-21,000	-190,000	-9,000	-59,000
Supplemental Disclosure Cash Flow Information
Cash paid for:
Interest
33,000	23,000	12,000	62,000	23,000	27,000	32,000	56,000	33,000	15,000	17,000	68,000	29,000	23,000	29,000	39,000	28,000	12,000	26,000	38,000	27,000	11,000	27,000	40,000	36,000	2,000	37,000	3,000	37,000	2,000	38,000	2,000	38,000	5,000	45,000	3,000	33,000	4,000	34,000	11,000	4,000
Income taxes, net of refund
41,000	16,000	60,000	107,000	22,000	26,000	96,000	72,000	27,000	28,000	67,000	33,000	26,000	24,000	40,000	92,000	35,000	56,000	35,000	93,000	18,000	43,000	44,000	92,000	11,000	52,000	5,000	89,000	11,000	61,000	37,000	57,000	22,000	40,000	52,000	11,000	26,000	35,000	14,000	85,000	14,000
Non-cash investing activities:
Cost method investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	75,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-