Intercontinental Exchange Inc
For the period ended Dec 31, 2024. Filed Feb 6, 2025.
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FY2024 · Filed Feb 6, 2025
ICE$176.36+1.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Operating activities: | |||
| Net income | $2,802 | $2,438 | $1,498 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 1,537 | 1,215 | 1,031 |
| Stock-based compensation | 231 | 257 | 155 |
| Deferred taxes | (142) | (329) | (593) |
| Fair value loss on Promissory Note | — | 160 | — |
| (Gain)/loss on investments | 1 | 4 | (41) |
| Net losses from and impairment of unconsolidated investees | 62 | 122 | 1,340 |
| Other | 55 | 63 | 41 |
| Changes in assets and liabilities: | |||
| Customer accounts receivable | (149) | (71) | 20 |
| Other current and non-current assets | (106) | (41) | (196) |
| Section 31 fees payable | 237 | (144) | 166 |
| Deferred revenue | 27 | (16) | (27) |
| Other current and non-current liabilities | 54 | (116) | 160 |
| Total adjustments | 1,807 | 1,104 | 2,056 |
| Net cash provided by operating activities | 4,609 | 3,542 | 3,554 |
| Investing activities: | |||
| Capital expenditures | (406) | (190) | (225) |
| Capitalized software development costs | (346) | (299) | (257) |
| Cash paid for acquisitions, net of cash acquired | (38) | (10,198) | (59) |
| Proceeds from sale of Promissory Note | 75 | — | — |
| Purchases of invested margin deposits | (1,391) | (1,588) | (6,935) |
| Proceeds from sales of invested margin deposits | 1,097 | 3,974 | 7,483 |
| Purchases of equity and equity method investments | (29) | (8) | (73) |
| Proceeds from the sale of equity investments | — | 187 | 741 |
| Purchases of restricted investments | (752) | (1,312) | — |
| Proceeds from sales of restricted investments | 855 | 641 | — |
| Proceeds from/(purchases of) other investments, net | — | (4) | 2 |
| Other investing activities | 14 | — | — |
| Net cash provided by/(used in) investing activities | (921) | (8,797) | 677 |
| Financing activities: | |||
| Proceeds from debt issuances | 739 | 2,400 | 7,891 |
| Repayments of debt | (1,600) | (2,286) | (2,705) |
| (Redemption of)/proceeds from commercial paper, net | (1,424) | 1,954 | (1,012) |
| Repurchases of common stock | — | — | (632) |
| Dividends paid to stockholders | (1,039) | (955) | (853) |
| Change in cash and cash equivalent margin deposits and guaranty funds liability | 3,463 | (65,396) | (4,493) |
| Payments relating to treasury shares received for restricted stock tax payments and stock option exercises | (81) | (78) | (73) |
| Other financing activities | 21 | 16 | 36 |
| Net cash provided by/(used in) financing activities | 79 | (64,345) | (1,841) |
| Effect of exchange rate changes on cash, cash equivalents, restricted cash and cash equivalents, and cash and cash equivalent margin deposits and guaranty funds | (14) | 7 | (23) |
| Net increase/(decrease) in cash, cash equivalents, restricted cash and cash equivalents, and cash and cash equivalent margin deposits and guaranty funds | 3,753 | (69,593) | 2,367 |
| Cash, cash equivalents, restricted cash and cash equivalents, and cash and cash equivalent margin deposits and guaranty funds at beginning of period | 80,750 | 150,343 | 147,976 |
| Cash, cash equivalents, restricted cash and cash equivalents, and cash and cash equivalent margin deposits and guaranty funds at end of period | $84,503 | $80,750 | $150,343 |
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Supplemental cash flow disclosure: | |||
| Cash paid for income taxes | $957 | $909 | $882 |
| Cash paid for interest | $870 | $727 | $550 |
| As of December 31, | |||
| Reconciliation of the components of cash, cash equivalents, restricted cash and cash equivalents, and cash and cash equivalent margin deposits and guaranty funds to the consolidated balance sheets: | 2024 | 2023 | 2022 |
| Cash and cash equivalents | $844 | $899 | $1,799 |
| Short-term restricted cash and cash equivalents | 1,142 | 531 | 6,149 |
| Long-term restricted cash and cash equivalents | 368 | 340 | 405 |
| Cash and cash equivalent margin deposits and guaranty funds | 82,149 | 78,980 | 141,990 |
| Total | $84,503 | $80,750 | $150,343 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.