Cash flow Statement (Quarterly, GAAP
in millions $) |
(Dec 31 2023) 12 Months |
(Sep 30 2023) 9 Months |
(Jun 30 2023) 6 Months |
(Mar 31 2023) 3 Months |
(Dec 31 2022) 12 Months |
Income |
145.97 |
184.43 |
96.87 |
49.50 |
803.59 |
Depreciation & amortization |
145.39 |
128.66 |
93.57 |
34.21 |
176.25 |
Amortization of Other Assets |
- |
- |
- |
- |
- |
Extraordinary Item, Gain (Loss), Insurance Assets, Accretion Expense
|
- |
- |
- |
- |
- |
Asset Impairment Charges |
- |
- |
- |
- |
- |
Provision for Loan, Lease, and Other Losses |
- |
- |
- |
- |
- |
Inventories Decrease /-Increase |
- |
- |
- |
- |
- |
R & D, Environmental and Other Expense |
- |
- |
- |
- |
- |
Gain (Loss) on Disposition of Assets |
- |
- |
- |
- |
- |
Share-based Compensation |
16.48 |
11.98 |
7.81 |
3.84 |
14.18 |
Income (Loss) from Equity Method Investments |
- |
- |
- |
- |
- |
Gains (Losses) on Extinguishment of Debt |
- |
- |
- |
- |
- |
Student Loan Discount Accretion |
-22.53 |
-15.41 |
-7.68 |
-27.96 |
-19.55 |
Derivative Market Value Adjustment |
- |
- |
- |
- |
- |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net |
32.27 |
35.41 |
37.41 |
-239.13 |
-186.14 |
Gain On Sale Of Financing Receivables |
- |
- |
- |
- |
- |
Gain Loss On Repurchase Of Debt Instrument |
- |
- |
- |
- |
- |
Depreciation And Amortization Including Loan Premiums Discount And Deferred Origination Costs |
- |
- |
- |
- |
- |
Proceeds To Terminate Andor Amend Derivative Instruments |
- |
- |
- |
- |
- |
Payments To Terminate Andor Amend Derivative Instruments |
- |
- |
- |
- |
- |
Proceeds Payments To Terminate And Or Amend Derivative Instruments |
- |
- |
- |
- |
- |
Gain Loss On Investments And Notes Receivable |
67.94 |
47.26 |
24.34 |
13.61 |
3.21 |
Increase Decrease In Operating Lease Right Of Use Asset |
3.86 |
2.39 |
1.25 |
4.48 |
2.74 |
Tangible Asset Impairment Charges |
-3.91 |
-2.57 |
-1.28 |
-4.23 |
-2.86 |
Debt Securities Available For Sale Realized Gain Loss |
- |
- |
- |
- |
- |
Income taxes |
-51.96 |
-24.71 |
-16.14 |
-13.75 |
34.64 |
Gain (Loss) on Sales of Loans, Net |
-39.67 |
-32.69 |
-27.32 |
-11.81 |
-2.90 |
Accounts Receivable |
45.86 |
70.35 |
54.26 |
60.31 |
-64.86 |
Increase (Decrease) in Payables to Customers |
- |
- |
- |
- |
-17.67 |
Increase (Decrease) in Interest Payable, Net |
-0.66 |
0.34 |
-0.12 |
-1.68 |
31.48 |
Deferred Revenue and Customer Advances and Deposits |
- |
- |
- |
- |
- |
Increase (Decrease) in Financial Instruments Used in Operating Activities |
- |
- |
- |
- |
- |
Other Working Capital |
89.43 |
26.20 |
-20.40 |
-13.49 |
28.73 |
Other Noncash Income (Expense) |
- |
- |
- |
- |
0.72 |
Other net |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Other Operating Activities |
-81.20 |
-88.99 |
-56.62 |
-38.34 |
-44.40 |
Discontinued operations |
- |
- |
- |
- |
- |
Net Cash flow from
Operating Activities |
432.98 |
353.21 |
198.98 |
122.85 |
684.06 |
Capital Expenditures |
-74.05 |
-52.60 |
-37.25 |
-24.43 |
-59.42 |
Sale of Capital Items |
- |
- |
- |
- |
- |
Short-term Investments Proceeds |
967.70 |
778.99 |
579.04 |
492.17 |
514.62 |
Short-term Investments Acq. |
-593.95 |
-522.13 |
-299.36 |
-242.37 |
-1,029.68 |
Real Estate Investments |
- |
- |
- |
- |
- |
Purchases Of Student Loans From Related Party |
- |
- |
- |
- |
- |
Business And Asset Acquisitions Net Of Cash Acquired Including Contingency Payments |
- |
- |
- |
- |
- |
Proceeds From Sale Of Student Loans To Related Party |
- |
- |
- |
- |
- |
Proceeds From Investments And Other Receivables |
- |
- |
- |
- |
- |
Payments To Acquire Other Investments And Issuance Of Notes Receivable |
-179.63 |
-140.13 |
-70.51 |
-192.77 |
-147.40 |
Increase (Decrease) in Restricted Cash and Investments |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Loans |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Deposits |
- |
- |
- |
- |
- |
Proceeds from Sale of Other Investments |
- |
29.77 |
14.40 |
11.11 |
65.37 |
Payments for (Proceeds from) Federal Reserve and Federal Home Loan Bank |
- |
- |
- |
- |
- |
Acquisition Net of Cash Acquired |
- |
- |
- |
- |
-34.04 |
Payments to Fund Long-term Loans to Related Parties |
-467.55 |
-467.55 |
-467.52 |
- |
-8.31 |
Proceeds from Divestiture of Businesses |
- |
- |
- |
- |
- |
Accounts payable |
- |
- |
- |
- |
- |
Receivables |
2,409.55 |
1,719.64 |
1,241.15 |
557.95 |
3,086.83 |
Payments for (Proceeds from) Other Investing Activities |
- |
- |
- |
- |
- |
Other Net |
41.31 |
0.00 |
- |
- |
- |
Discontinued operations |
- |
- |
- |
- |
- |
Net Cash flow from
Investing Activities |
1,938.08 |
1,306.48 |
890.33 |
723.93 |
2,272.03 |
Short-term debt Net |
- |
- |
- |
- |
- |
Other borrowing transactions |
-5.74 |
-2.23 |
-2.21 |
-0.17 |
-3.80 |
Long-term debt - borrowings |
761.18 |
756.27 |
806.15 |
204.88 |
1,301.55 |
Long-term debt - repayments |
-3,606.16 |
-2,996.92 |
-2,417.62 |
-1,415.42 |
-4,339.16 |
Federal Home Loan Bank and Federal Funds |
- |
- |
- |
- |
- |
Issuances/ -repurchases
of Comm. Stock |
-26.25 |
-3.00 |
-2.88 |
-2.91 |
-96.05 |
Partnership and Parent Transactions |
- |
- |
- |
- |
- |
Issuances/ -repurchases
of Pref. Stock |
88.39 |
32.58 |
14.02 |
1.20 |
55.78 |
Increase (Decrease) in Deposits |
52.28 |
26.73 |
39.72 |
-15.56 |
347.01 |
Other financing activities net |
- |
- |
- |
- |
- |
Other net |
-190.26 |
-114.39 |
-64.95 |
-38.58 |
-89.78 |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders |
- |
- |
- |
- |
- |
Payments Received On Employee Stock Notes Receivable |
- |
- |
- |
- |
- |
Consideration Received For Beneficial Interest Obtained For Transferring Financial Asset |
63.88 |
53.90 |
34.54 |
8.34 |
3.66 |
Noncash Distributions To Noncontrolling Interest Holders |
50.51 |
11.05 |
4.04 |
31.72 |
14.46 |
Increase Decrease In Due To Customers |
-6.42 |
-48.73 |
-67.64 |
- |
- |
Payments of Ordinary Dividends, Noncontrolling Interest |
-4.66 |
-2.52 |
-1.92 |
-0.99 |
-3.55 |
Dividends paid |
-39.42 |
-29.05 |
-19.35 |
-9.65 |
-36.61 |
Net Cash flow from
Financing Activities |
-2,703.20 |
-2,224.55 |
-1,632.82 |
-1,306.26 |
-2,792.50 |
Effect of exchange rate on cash flow |
0.02 |
-0.21 |
-0.08 |
-0.09 |
-0.16 |
Discontinued operations |
- |
- |
- |
- |
- |
Free
Cash Flow |
358.92 |
300.61 |
161.73 |
98.42 |
624.64 |
Total Cash Flow |
-332.13 |
-565.07 |
-543.59 |
-459.57 |
163.43 |
Cash & cash equiv. at beg.
of the Year |
- |
- |
- |
- |
118.15 |
Cash & cash equivalents at
end of period |
- |
- |
- |
- |
- |
Cash Interests paid |
- |
- |
- |
- |
- |
Cash Income taxes paid |
47.59 |
45.44 |
43.51 |
0.96 |
57.71 |