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Cboe Global Markets Inc

For the period ended Dec 31, 2024. Filed Feb 21, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 21, 2025

CBOE$364.81+3.4%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Item 8. Consolidated Statements of Cash Flows

Consolidated Statements of Cash Flows

202420232022
Cash flows from operating activities:
Net income$764.9$761.4$235.0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization133.0158.0166.8
Impairment of intangible assets or goodwill81.0—460.9
Stock-based compensation expense41.841.330.7
Impairment of investments31.61.810.6
Provision for accounts receivable credit losses3.14.01.1
Amortization of debt issuance cost and debt discount2.32.62.4
Change in contingent consideration2.0(14.4)(5.2)
Equity earnings on investments(26.5)(36.9)(4.2)
Benefit for deferred income taxes(23.6)(15.2)(155.7)
Gain on investment——(7.5)
Gain from Cboe Digital non-recourse notes and warrants wind down(2.4)——
Other(3.7)(2.6)0.3
Changes in assets and liabilities:
Accounts receivable(124.3)39.4(49.8)
Restricted cash and cash equivalents and customer bank deposits (included in margin deposits, clearing funds, and interoperability funds)76.0282.6(217.5)
Income taxes receivable0.5(26.3)(5.4)
Other current assets(26.0)(17.4)(4.0)
Other assets17.3(26.7)(20.8)
Accounts payable and accrued liabilities(36.4)(19.1)38.8
Section 31 fees payable130.1(95.2)106.3
Deferred revenue0.5(5.8)(4.1)
Income taxes payable0.8(2.8)(3.8)
Unrecognized tax benefits61.247.789.1
Other liabilities(2.6)(0.8)(12.9)
Net cash provided by operating activities1,100.61,075.6651.1
Cash flows from investing activities:
Acquisitions, net of cash acquired——(708.3)
Contributions to investments(40.2)(57.1)(14.6)
Purchases of available-for-sale financial investments(115.6)(89.8)(104.7)
Proceeds from maturities of available-for-sale financial investments67.9135.751.2
Proceeds from sale of intangible assets0.10.8—
Proceeds from sale of property held for sale3.3——
Proceeds from sale property and equipment0.7——
Payments on notes receivable2.8——
Proceeds from investments——1.1
Proceeds from insurance0.10.3—
Purchases of property and equipment and leasehold improvements(60.9)(45.0)(59.8)
Net cash used in investing activities(141.8)(55.1)(835.1)
Cash flows from financing activities:
Proceeds from long-term debt——663.6
Principal payments of current portion of long-term debt—(305.0)(220.0)
Debt issuance costs——(4.9)
Cash dividends on common stock(249.4)(223.5)(209.4)
Repurchases of common stock from employee stock plans(29.5)(13.9)(8.9)
Shares issued under employee stock purchase plan8.6(16.7)(0.6)
Payments of contingent consideration related to acquisitions(13.9)(13.1)(38.7)
(Payments)/Proceeds related to Cboe Digital syndication(6.0)—1.5
Purchase of common stock(204.8)(83.9)(100.9)
Net cash (used in) provided by financing activities(495.0)(656.1)81.7
Effect of foreign currency exchange rates on cash, cash equivalents, and restricted cash and cash equivalents(95.1)52.8(10.0)
Increase (decrease) in cash, cash equivalents, and restricted cash and cash equivalents368.7417.2(112.3)
Cash, cash equivalents, and restricted cash and cash equivalents:
Beginning of period1,397.1979.91,092.2
End of period1,765.81,397.1979.9
Reconciliation of cash, cash equivalents, and restricted cash and cash equivalents:
Cash and cash equivalents$915.3$543.2$432.7
Restricted cash and cash equivalents (included in margin deposits, clearing funds, and interoperability funds)841.4834.8530.3
Restricted cash and cash equivalents (included in cash and cash equivalents)5.0——
Restricted cash and cash equivalents (included in other current assets)—5.14.2
Customer bank deposits (included in margin deposits, clearing funds, and interoperability funds)4.114.012.7
Total1,765.81,397.1979.9
Supplemental disclosure of cash transactions:
Cash paid for income taxes, net of refunds$362.4$286.4$271.1
Cash paid for interest100.156.751.0
Supplemental disclosure of noncash investing activities:
Accounts receivable acquired$—$—$4.4
Financial investments acquired——1.5
Other current assets acquired——1.6
Goodwill acquired——593.5
Intangible assets earned or acquired1.2—164.1
Property and equipment, net acquired——1.6
Data processing software and other assets acquired——2.0
Operating lease right of use asset acquired——1.2
Accounts payable and accrued liabilities assumed——(6.1)
Deferred revenue acquired——(0.6)
Operating lease liability - non-current acquired——(1.2)
Contingent consideration related to acquisitions——(10.1)
Note receivable from property held for sale6.4——
Deferred income taxes acquired——(22.6)
Other non-current liabilities acquired——(0.4)
Supplemental disclosure of noncash financing activities:
Paycheck Protection Program loan forgiveness$—$—$1.3
Excise tax on purchases of common stock1.3——
Cboe Digital investor member revenue asset16.2(3.2)(19.9)
Cboe Digital non-recourse notes and warrants(16.2)3.221.4
ContentsView on SEC.gov

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