Nasdaq, Inc. (NDAQ) FY2024 YTD Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-01-01 to 2024-09-30

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Nasdaq, Inc. cash flow reconciliation, Jan 1, 2024 through Sep 30, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $760,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $460,000,000.00Share-based compensation → Operating adjustments reconciliation: $105,000,000.00Other liabilities → Operating adjustments reconciliation: $50,000,000.00Other reconciling items included in net income → Operating adjustments reconciliation: $39,000,000.00Non-cash restructuring charges → Operating adjustments reconciliation: $33,000,000.00Adenza purchase accounting adjustment → Operating adjustments reconciliation: $32,000,000.00Accrued personnel costs → Operating adjustments reconciliation: $11,000,000.00Deferred revenue → Operating adjustments reconciliation: $8,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $474,000,000.00Operating adjustments reconciliation → Receivables, net: $99,000,000.00Operating adjustments reconciliation → Deferred income taxes: $62,000,000.00Operating adjustments reconciliation → Accounts payable and accrued expenses: $43,000,000.00Operating adjustments reconciliation → Other assets: $43,000,000.00Operating adjustments reconciliation → Section 31 fees payable to SEC: $10,000,000.00Operating adjustments reconciliation → Net (income) loss from unconsolidated investees: $7,000,000.00Investments related to default funds and margin deposits, net → investing reconciliation: $237,000,000.00Proceeds from sales and redemptions of securities → investing reconciliation: $141,000,000.00investing reconciliation → Net cash from investing activities: $55,000,000.00investing reconciliation → Purchases of securities: $152,000,000.00investing reconciliation → Purchases of property and equipment: $147,000,000.00investing reconciliation → Other investing activities: $24,000,000.00Net cash used in financing activities → financing reconciliation: $2,537,000,000.00Proceeds received from employee stock activity and other issuances → financing reconciliation: $21,000,000.00financing reconciliation → Default funds and margin deposits: $1,320,000,000.00financing reconciliation → Dividends paid: $403,000,000.00financing reconciliation → Repayments of term loan: $340,000,000.00financing reconciliation → Repayments of commercial paper, net: $291,000,000.00financing reconciliation → Repurchases of common stock: $145,000,000.00financing reconciliation → Payments related to employee shares withheld for taxes: $56,000,000.00financing reconciliation → Other financing activities: $3,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $7,118,000,000.00Net cash from operating activities → Cash sources and uses: $1,234,000,000.00Net cash from investing activities → Cash sources and uses: $55,000,000.00Cash sources and uses → Exchange-rate effect: $75,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $5,795,000,000.00Cash sources and uses → Net cash used in financing activities: $2,537,000,000.00Accrued personnel costs: $11,000,000.00Accrued compensation+$11.00 MShare-based compensation: $105,000,000.00Stock-based compensation+$105.00 MNet (income) loss from unconsolidated investees: -$7,000,000.00Equity-method results−$7.00 MOther reconciling items included in net income: $39,000,000.00Other non-cash items+$39.00 MNet income: $760,000,000.00Net income+$760.00 MSection 31 fees payable to SEC: -$10,000,000.00Section 31 fees payable to SEC−$10.00 MDepreciation and amortization: $460,000,000.00Depreciation & amortization+$460.00 MOperating lease asset impairments: $0.00Non-cash restructuring charges: $33,000,000.00Restructuring & impairment+$33.00 MReceivables, net: -$99,000,000.00Receivables, net−$99.00 MOther liabilities: $50,000,000.00Other operating liabilities+$50.00 MExtinguishment of debt and bridge fees: $0.00Deferred revenue: $8,000,000.00Deferred revenue+$8.00 MDeferred income taxes: -$62,000,000.00Deferred income taxes−$62.00 MAccounts payable and accrued expenses: -$43,000,000.00Payables & accrued liabilities−$43.00 MOther assets: -$43,000,000.00Other operating assets−$43.00 MAdenza purchase accounting adjustment: $32,000,000.00Adenza purchase accounting adjustment+$32.00 MNet cash from operating activities: $1,234,000,000.00Operating cash+$1.23 BOperating adjustments reconciliation: $738,000,000.00Repayments of term loan: -$340,000,000.00Short-term debt repaid−$340.00 MProceeds received from employee stock activity and other issuances: $21,000,000.00Common stock issued+$21.00 MRepayments of commercial paper, net: -$291,000,000.00Commercial paper, net−$291.00 MDefault funds and margin deposits: -$1,320,000,000.00Default funds & margin deposits−$1.32 BProceeds from issuances of debt, net of issuance costs: $0.00Payment of debt extinguishment cost and bridge fees: $0.00Repurchases of common stock: -$145,000,000.00Common stock repurchases−$145.00 MDividends paid: -$403,000,000.00Dividends paid−$403.00 MPayments related to employee shares withheld for taxes: -$56,000,000.00Payments related to employee shares withheld fortaxes−$56.00 MOther financing activities: -$3,000,000.00Other financing, net−$3.00 MNet cash used in financing activities: -$2,537,000,000.00. Cash required to fund net payments.Financing cash−$2.54 Bfinancing reconciliation: $2,558,000,000.00Proceeds from sales and redemptions of securities: $141,000,000.00Short-term investment proceeds+$141.00 MPurchases of property and equipment: -$147,000,000.00PP&E purchases−$147.00 MPurchases of securities: -$152,000,000.00Short-term investment purchases−$152.00 MOther investing activities: -$24,000,000.00Other investing, net−$24.00 MInvestments related to default funds and margin deposits, net: $237,000,000.00Default fund investments, net+$237.00 MNet cash from investing activities: $55,000,000.00Investing cash+$55.00 Minvesting reconciliation: $378,000,000.00Cash sources and uses: $8,407,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $7,118,000,000.00Beginning cash$7.12 BEnding cash: Cash, cash equivalents, and restricted cash: $5,795,000,000.00Ending cash$5.80 BExchange-rate effect: -$75,000,000.00FX effect−$75.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$1.09 BOperating cash − cash spent on PP&ECash flow / Net income1.62×Operating cash flow ÷ net incomeNet cash change−$1.32 BEnding cash − beginning cash
Chart details

Nasdaq, Inc. cash flow reconciliation, Jan 1, 2024 through Sep 30, 2024

Cash flows for Jan 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2023. Ending cash: Sep 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2023
7,118,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
1,234,000,000 US dollars. Net cash provided.
Accrued personnel costs
11,000,000 US dollars
Share-based compensation
105,000,000 US dollars
Net (income) loss from unconsolidated investees
negative 7,000,000 US dollars
Other reconciling items included in net income
39,000,000 US dollars
Net income
760,000,000 US dollars
Section 31 fees payable to SEC
negative 10,000,000 US dollars
Depreciation and amortization
460,000,000 US dollars
Operating lease asset impairments
0 US dollars
Non-cash restructuring charges
33,000,000 US dollars
Receivables, net
negative 99,000,000 US dollars
Other liabilities
50,000,000 US dollars
Extinguishment of debt and bridge fees
0 US dollars
Deferred revenue
8,000,000 US dollars
Deferred income taxes
negative 62,000,000 US dollars
Accounts payable and accrued expenses
negative 43,000,000 US dollars
Other assets
negative 43,000,000 US dollars
Adenza purchase accounting adjustment
32,000,000 US dollars
Investing activities
55,000,000 US dollars. Net cash provided.
Proceeds from sales and redemptions of securities
141,000,000 US dollars
Purchases of property and equipment
negative 147,000,000 US dollars
Purchases of securities
negative 152,000,000 US dollars
Other investing activities
negative 24,000,000 US dollars
Investments related to default funds and margin deposits, net
237,000,000 US dollars
Financing activities
negative 2,537,000,000 US dollars. Net cash used.
Repayments of term loan
negative 340,000,000 US dollars
Proceeds received from employee stock activity and other issuances
21,000,000 US dollars
Repayments of commercial paper, net
negative 291,000,000 US dollars
Default funds and margin deposits
negative 1,320,000,000 US dollars
Proceeds from issuances of debt, net of issuance costs
0 US dollars
Payment of debt extinguishment cost and bridge fees
0 US dollars
Repurchases of common stock
negative 145,000,000 US dollars
Dividends paid
negative 403,000,000 US dollars
Payments related to employee shares withheld for taxes
negative 56,000,000 US dollars
Other financing activities
negative 3,000,000 US dollars
Operating adjustment reconciliation
738,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
2,558,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
378,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 75,000,000 US dollars
Ending cash on Sep 30, 2024
5,795,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
8,407,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 1,323,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.62×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
1,234,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
147,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
1,087,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $474.00M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 1,234,000,000 US dollars minus 147,000,000 US dollars equals 1,087,000,000 US dollars.
Nasdaq, Inc. (NDAQ) FY2024 YTD Q3 Statement of Cash Flows Sankey chart
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