Nasdaq, Inc. NDAQ Cash Flow

Nasdaq, inc. (NDAQ)

CashFlow / TTM

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
730,000	774,000	527,000	540,000	528,000	458,000	748,000	754,000	738,000	729,000	256,000	218,000	142,000	106,000	481,000	488,000	550,000	427,000	365,000	349,000	319,000	413,000	468,000	459,000	445,000	384,000	328,000	303,000	307,000	349,000	345,000	365,000	364,000	383,000	437,000	429,000	432,000	389,000	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
190,000	190,000	194,000	200,000	205,000	210,000	207,000	202,000	196,000	188,000	185,000	183,000	177,000	170,000	161,000	150,000	142,000	138,000	135,000	135,000	136,000	137,000	138,000	136,000	130,000	122,000	115,000	108,000	105,000	104,000	105,000	107,000	108,000	109,000	109,000	106,000	105,000	103,000	0	0	0
Share-based compensation
80,000	79,000	75,000	72,000	70,000	69,000	69,000	69,000	70,000	70,000	83,000	85,000	85,000	86,000	74,000	71,000	70,000	68,000	66,000	64,000	62,000	62,000	60,000	59,000	52,000	47,000	44,000	42,000	45,000	46,000	44,000	41,000	39,000	36,000	34,000	33,000	32,000	33,000	0	0	0
Deferred income taxes
50,000	35,000	292,000	336,000	294,000	301,000	-1,000	-37,000	-31,000	7,000	-131,000	-122,000	-110,000	-137,000	37,000	43,000	43,000	-14,000	-48,000	-49,000	-51,000	-6,000	24,000	35,000	41,000	28,000	21,000	24,000	1,000	16,000	2,000	-11,000	7,000	4,000	-48,000	-51,000	-37,000	-35,000	0	0	0
Excess tax benefits related to share-based payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26,000	14,000	14,000	15,000	10,000	9,000	17,000	16,000	0	0	0	-	-	5,000	8,000	10,000	7,000	6,000	4,000	2,000	0	0	0
Provision for bad debts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	6,000	7,000	5,000	4,000	4,000	4,000	5,000	5,000	0	0	0
Extinguishment of debt
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash restructuring charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	136,000	0	0	0	-	-	-	-	-	-	5,000	13,000	16,000	0	0	0	-	-	-	-	-	-	-	-
Net gain on divestiture of business
0	27,000	27,000	19,000	60,000	33,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset impairment charge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,000	10,000	10,000	38,000	40,000	0	0	0	-	-	-	-	6,000	0	0	0
Non-cash merger and strategic initiatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charges related to debt refinancing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Net income from unconsolidated investees
56,000	84,000	76,000	66,000	61,000	18,000	18,000	16,000	13,000	15,000	6,000	5,000	4,000	2,000	7,000	5,000	5,000	17,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,000	3,000	5,000	6,000	0	0	0	-	-	-	0
Accretion of debt discounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,000	6,000	10,000	13,000	15,000	15,000	14,000	14,000	0	0	0
Other reconciling items included in net income
-18,000	-19,000	-23,000	-21,000	-12,000	-15,000	-17,000	-13,000	-21,000	-25,000	-30,000	-34,000	-20,000	-17,000	-3,000	-2,000	-8,000	-7,000	-19,000	-19,000	-27,000	-28,000	-16,000	-26,000	-12,000	-9,000	-26,000	-12,000	-16,000	-16,000	0	0	0	-	-	-	-	-2,000	0	0	0
Net change in operating assets and liabilities, net of effects of divestiture and acquisitions:
Receivables, net
166,000	42,000	31,000	3,000	-42,000	35,000	30,000	24,000	87,000	-11,000	-50,000	-62,000	-49,000	-73,000	-12,000	5,000	-14,000	-55,000	-73,000	-48,000	-62,000	16,000	12,000	43,000	111,000	55,000	40,000	17,000	-4,000	30,000	-7,000	3,000	5,000	11,000	31,000	-33,000	-59,000	-5,000	0	0	0
Other assets
-184,000	173,000	145,000	266,000	396,000	40,000	429,000	58,000	-45,000	30,000	-326,000	-1,000	57,000	52,000	0	0	0	-	-	61,000	50,000	84,000	15,000	-59,000	2,000	-8,000	-12,000	-28,000	-87,000	-71,000	-71,000	14,000	-55,000	-69,000	-77,000	-41,000	8,000	85,000	0	0	0
Accounts payable and accrued expenses
-55,000	-49,000	-9,000	-15,000	2,000	33,000	12,000	33,000	41,000	-12,000	-10,000	-34,000	3,000	5,000	-20,000	-30,000	-60,000	-38,000	-17,000	-7,000	-3,000	-40,000	-71,000	-68,000	6,000	51,000	104,000	92,000	64,000	1,000	-42,000	-30,000	-4,000	24,000	40,000	1,000	-21,000	4,000	0	0	0
Section 31 fees payable to SEC
92,000	23,000	13,000	-55,000	-59,000	-19,000	-10,000	56,000	47,000	20,000	5,000	9,000	-4,000	5,000	-4,000	8,000	-2,000	-26,000	-1,000	-7,000	8,000	42,000	7,000	9,000	3,000	-15,000	-5,000	-11,000	2,000	-9,000	-6,000	9,000	-1,000	24,000	0	0	0	-	-	-	0
Accrued personnel costs
17,000	-9,000	1,000	12,000	17,000	37,000	19,000	-7,000	-2,000	-41,000	-47,000	-7,000	18,000	27,000	43,000	25,000	11,000	33,000	18,000	5,000	-13,000	-4,000	0	0	0	-	-	8,000	1,000	-27,000	-28,000	-18,000	-15,000	10,000	6,000	4,000	1,000	2,000	0	0	0
Deferred revenue
3,000	-15,000	-15,000	-12,000	-15,000	7,000	27,000	18,000	27,000	-29,000	-103,000	-102,000	-70,000	-75,000	0	4,000	-23,000	-49,000	-6,000	23,000	57,000	64,000	21,000	19,000	-10,000	-33,000	-19,000	-28,000	-17,000	5,000	3,000	-4,000	5,000	-14,000	-15,000	-5,000	5,000	14,000	0	0	0
Other current liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Other liabilities
-142,000	217,000	255,000	270,000	488,000	120,000	98,000	46,000	-12,000	-14,000	-64,000	-31,000	-62,000	-25,000	-16,000	23,000	53,000	48,000	16,000	-18,000	-25,000	-18,000	22,000	9,000	33,000	18,000	-28,000	-40,000	-40,000	-17,000	-27,000	3,000	-20,000	-22,000	-36,000	19,000	28,000	-12,000	0	0	0
Net assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
1,006,000	963,000	984,000	897,000	990,000	1,028,000	968,000	1,049,000	1,040,000	909,000	893,000	861,000	765,000	776,000	747,000	750,000	751,000	727,000	697,000	655,000	680,000	632,000	644,000	702,000	608,000	574,000	569,000	525,000	629,000	588,000	589,000	557,000	606,000	669,000	619,000	647,000	627,000	440,000	0	0	0
Cash flows from investing activities:
Purchases of securities
570,000	579,000	493,000	482,000	449,000	421,000	413,000	408,000	372,000	392,000	383,000	457,000	417,000	468,000	457,000	401,000	430,000	346,000	309,000	272,000	247,000	283,000	376,000	451,000	421,000	437,000	425,000	324,000	395,000	301,000	280,000	349,000	437,000	533,000	478,000	416,000	232,000	237,000	0	0	0
Proceeds from sales and redemptions of securities
519,000	543,000	472,000	525,000	431,000	374,000	421,000	381,000	385,000	424,000	417,000	418,000	437,000	411,000	0	0	0	-	-	-	-	281,000	342,000	402,000	427,000	452,000	419,000	374,000	393,000	372,000	424,000	451,000	498,000	501,000	520,000	470,000	287,000	350,000	0	0	0
Proceeds from divestiture of business
24,000	132,000	108,000	100,000	394,000	286,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Sale of Short-term Investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of available-for-sale investment securities
-	-	-	-	-	-	-	-	-	-	0	0	25,000	-	19,000	19,000	31,000	38,000	29,000	30,000	27,000	20,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturities of available-for-sale investment securities
-	-	-	-	-	-	-	-	-	-	0	0	18,000	-	19,000	33,000	33,000	29,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital contribution in equity method investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of businesses, net of cash and cash equivalents acquired
170,000	206,000	268,000	268,000	268,000	75,000	0	0	0	-	-	-	-	1,466,000	1,460,000	1,460,000	213,000	226,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property and equipment
133,000	127,000	127,000	129,000	115,000	111,000	114,000	125,000	124,000	144,000	151,000	147,000	147,000	134,000	127,000	125,000	132,000	133,000	138,000	133,000	133,000	140,000	128,000	136,000	126,000	115,000	104,000	91,000	91,000	87,000	100,000	105,000	94,000	88,000	61,000	46,000	41,000	42,000	0	0	0
Other investing activities
1,000	14,000	34,000	33,000	32,000	26,000	0	0	0	-	-	-	-	-	11,000	14,000	14,000	10,000	9,000	6,000	9,000	10,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-320,000	-240,000	-162,000	-118,000	130,000	196,000	-590,000	-635,000	-890,000	-890,000	-139,000	-188,000	-1,371,000	-1,657,000	-1,644,000	-1,590,000	-403,000	-435,000	-441,000	-479,000	-435,000	-155,000	-128,000	-168,000	-1,248,000	-1,216,000	-1,285,000	-1,256,000	-205,000	-128,000	-77,000	-84,000	-59,000	-146,000	-135,000	-180,000	-175,000	-118,000	0	0	0
Cash flows from financing activities:
Proceeds from (repayments of) commercial paper, net
-191,000	116,000	229,000	199,000	78,000	-205,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of commercial paper, net
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of debt obligations
1,371,000	1,215,000	1,215,000	1,215,000	515,000	115,000	140,000	153,000	823,000	708,000	721,000	793,000	601,000	1,156,000	1,311,000	1,311,000	899,000	369,000	299,000	307,000	849,000	970,000	945,000	1,020,000	424,000	289,000	202,000	46,000	45,000	145,000	512,000	950,000	1,024,000	948,000	975,000	595,000	551,000	2,216,000	0	0	0
Payment of debt extinguishment cost
47,000	11,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from utilization of credit commitment
0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuances of long-term debt, net of issuance costs
1,324,000	680,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuances of senior unsecured notes and term loan facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	731,000	-	-5,000	-147,000	316,000	241,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	2,409,000	0	0	0
Proceeds from issuances of senior unsecured notes and term loan facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchases of common stock
322,000	200,000	200,000	104,000	295,000	394,000	422,000	387,000	146,000	203,000	175,000	211,000	227,000	100,000	167,000	367,000	376,000	377,000	0	0	0	-	-	-	-	10,000	60,000	110,000	235,000	275,000	0	0	0	-	-	-	751,000	797,000	0	0	0
Dividends paid
310,000	305,000	300,000	295,000	290,000	280,000	271,000	262,000	253,000	243,000	233,000	222,000	212,000	200,000	188,000	175,000	165,000	149,000	133,000	119,000	101,000	98,000	95,000	91,000	88,000	87,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Proceeds received from employee stock activity and other issuances
-	-	-	-	-	-	-	-	-	53,000	44,000	56,000	54,000	54,000	52,000	40,000	24,000	29,000	29,000	39,000	39,000	40,000	0	0	0	-	-	-	-	-	-	4,000	6,000	10,000	10,000	10,000	10,000	6,000	0	0	0
Payments related to employee shares withheld for taxes
37,000	39,000	37,000	37,000	38,000	50,000	50,000	65,000	66,000	71,000	72,000	57,000	78,000	65,000	64,000	64,000	44,000	34,000	36,000	35,000	34,000	31,000	31,000	31,000	32,000	12,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds of customer funds
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds From Stock Options Exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits related to share-based payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26,000	14,000	14,000	15,000	10,000	9,000	17,000	16,000	0	0	0	-	-	5,000	8,000	10,000	7,000	6,000	4,000	2,000	0	0	0
Proceeds of customer funds
0	-	-	-	0	-	-	-	-63,000	-	0	2,000	63,000	-38,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other financing activities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-167,000	-937,000	-850,000	-765,000	-992,000	-1,027,000	-541,000	-424,000	-198,000	-53,000	-487,000	-668,000	728,000	948,000	838,000	840,000	-376,000	-400,000	-266,000	-175,000	-303,000	-460,000	-524,000	-603,000	429,000	547,000	580,000	615,000	-355,000	-479,000	-623,000	-546,000	-457,000	-325,000	-270,000	-433,000	-554,000	-595,000	0	0	0
Effect of exchange rate changes on cash and cash equivalents and restricted cash
-14,000	-10,000	-15,000	-7,000	-18,000	-10,000	-12,000	-8,000	13,000	15,000	8,000	3,000	-10,000	-6,000	-4,000	-7,000	3,000	-11,000	0	0	0	-	-	-	4,000	-4,000	-2,000	4,000	-3,000	10,000	6,000	-14,000	-4,000	-7,000	-7,000	18,000	6,000	-6,000	0	0	0
Net increase (decrease) in cash and cash equivalents and restricted cash
505,000	-224,000	-43,000	7,000	110,000	187,000	-175,000	-18,000	-35,000	-19,000	275,000	8,000	112,000	61,000	-63,000	-7,000	-25,000	-119,000	-31,000	-25,000	-91,000	-6,000	-14,000	-65,000	-207,000	-99,000	-138,000	-112,000	66,000	-9,000	-105,000	-87,000	86,000	191,000	207,000	52,000	-96,000	-279,000	0	0	0
Supplemental Disclosure Cash Flow Information
Cash paid for:
Interest
130,000	120,000	124,000	144,000	138,000	148,000	136,000	121,000	133,000	129,000	137,000	149,000	120,000	119,000	108,000	105,000	104,000	103,000	102,000	103,000	105,000	114,000	105,000	115,000	78,000	79,000	79,000	80,000	79,000	80,000	83,000	90,000	91,000	86,000	85,000	74,000	82,000	53,000	0	0	0
Income taxes, net of refund
224,000	205,000	215,000	251,000	216,000	221,000	223,000	194,000	155,000	154,000	150,000	123,000	182,000	191,000	223,000	218,000	219,000	202,000	189,000	198,000	197,000	190,000	199,000	160,000	157,000	157,000	166,000	198,000	166,000	177,000	156,000	171,000	125,000	129,000	124,000	86,000	160,000	148,000	0	0	0
Non-cash investing activities:
Cost method investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	75,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-