Intercontinental Exchange Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	3,315	2,754	2,368	1,446	4,058
Depreciation & Amortization	1,192	1,210	924	784	796
Other Amortization	368	324	284	247	213
Loss (Gain) From Sale of Assets	-	-	-	-	-1,419
Asset Writedown & Restructuring Costs	-	3	7	-	-
Loss (Gain) From Sale of Investments	-55	1	4	-41	-1,261
Loss (Gain) on Equity Investments	-79	62	122	1,340	42
Stock-Based Compensation	238	231	257	155	188
Other Operating Activities	187	-39	-36	-500	593
Change in Accounts Receivable	-62	-149	-71	20	-5
Change in Unearned Revenue	-44	27	-16	-27	34
Change in Other Net Operating Assets	-398	185	-301	130	-116
Operating Cash Flow	4,662	4,609	3,542	3,554	3,123
Operating Cash Flow Growth	1.15%	30.12%	-0.34%	13.80%	8.40%
Capital Expenditures	-373	-406	-190	-225	-179
Cash Acquisitions	-19	-38	-10,198	-59	-66
Sale (Purchase) of Intangibles	-418	-346	-299	-257	-273
Investment in Securities	-1,029	-29	179	670	1,121
Other Investing Activities	-2,410	-102	1,711	548	-1,389
Investing Cash Flow	-4,249	-921	-8,797	677	-786
Short-Term Debt Issued	506	-	1,954	-	-
Long-Term Debt Issued	1,234	739	2,400	7,891	-
Total Debt Issued	1,740	739	4,354	7,891	-
Short-Term Debt Repaid	-	-1,424	-	-1,012	-1,393
Long-Term Debt Repaid	-2,500	-1,600	-2,286	-2,705	-1,246
Total Debt Repaid	-2,500	-3,024	-2,286	-3,717	-2,639
Net Debt Issued (Repaid)	-760	-2,285	2,068	4,174	-2,639
Repurchase of Common Stock	-1,397	-81	-78	-705	-320
Common Dividends Paid	-1,105	-1,039	-955	-853	-747
Other Financing Activities	-3,072	3,484	-65,380	-4,457	65,732
Financing Cash Flow	-6,334	79	-64,345	-1,841	62,026
Foreign Exchange Rate Adjustments	32	-14	7	-23	-6
Net Cash Flow	-5,889	3,753	-69,593	2,367	64,357
Free Cash Flow	4,289	4,203	3,352	3,329	2,944
Free Cash Flow Growth	2.05%	25.39%	0.69%	13.08%	10.10%
Free Cash Flow Margin	43.19%	45.30%	41.96%	45.65%	41.20%
Free Cash Flow Per Share	7.46	7.30	5.93	5.93	5.21
Cash Interest Paid	764	870	727	550	406
Cash Income Tax Paid	1,068	957	909	882	1,057
Levered Free Cash Flow	3,485	2,910	7,536	-1,507	1,953
Unlevered Free Cash Flow	3,987	3,479	8,041	-1,122	2,217
Change in Working Capital	-504	63	-388	123	-87

Source: S&P Global Market Intelligence. Standard template. Financial Sources.