Intercontinental Exchange Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	3,162	2,754	2,368	1,446	4,058	2,089
Depreciation & Amortization	1,236	1,210	924	784	796	561
Other Amortization	324	324	284	247	213	179
Loss (Gain) From Sale of Assets	-	-	-	-	-1,419	-
Asset Writedown & Restructuring Costs	-	3	7	-	-	11
Loss (Gain) From Sale of Investments	-35	1	4	-41	-1,261	-55
Loss (Gain) on Equity Investments	-76	62	122	1,340	42	-71
Stock-Based Compensation	229	231	257	155	188	139
Other Operating Activities	248	-39	-36	-500	593	157
Change in Accounts Receivable	9	-149	-71	20	-5	-149
Change in Unearned Revenue	-28	27	-16	-27	34	2
Change in Other Net Operating Assets	-176	185	-301	130	-116	18
Operating Cash Flow	4,893	4,609	3,542	3,554	3,123	2,881
Operating Cash Flow Growth	20.16%	30.12%	-0.34%	13.80%	8.40%	8.35%
Capital Expenditures	-401	-406	-190	-225	-179	-207
Cash Acquisitions	-49	-38	-10,198	-59	-66	-9,446
Sale (Purchase) of Intangibles	-400	-346	-299	-257	-273	-203
Investment in Securities	-20	-29	175	670	1,121	4
Other Investing Activities	-1,217	-102	1,715	548	-1,389	-509
Investing Cash Flow	-2,087	-921	-8,797	677	-786	-10,361
Short-Term Debt Issued	-	-	1,954	-	-	1,094
Long-Term Debt Issued	-	739	2,400	7,891	-	9,606
Total Debt Issued	-	739	4,354	7,891	-	10,700
Short-Term Debt Repaid	-	-1,424	-	-1,012	-1,393	-
Long-Term Debt Repaid	-	-1,600	-2,286	-2,705	-1,246	-2,004
Total Debt Repaid	-2,203	-3,024	-2,286	-3,717	-2,639	-2,004
Net Debt Issued (Repaid)	-2,203	-2,285	2,068	4,174	-2,639	8,696
Repurchase of Common Stock	-1,001	-81	-78	-705	-320	-1,321
Common Dividends Paid	-1,090	-1,039	-955	-853	-747	-669
Other Financing Activities	6,158	3,484	-65,380	-4,457	65,732	19,294
Financing Cash Flow	1,864	79	-64,345	-1,841	62,026	26,000
Foreign Exchange Rate Adjustments	9	-14	7	-23	-6	8
Net Cash Flow	4,679	3,753	-69,593	2,367	64,357	18,528
Free Cash Flow	4,492	4,203	3,352	3,329	2,944	2,674
Free Cash Flow Growth	19.02%	25.39%	0.69%	13.08%	10.10%	6.70%
Free Cash Flow Margin	46.07%	45.30%	41.96%	45.65%	41.20%	44.30%
Free Cash Flow Per Share	7.80	7.30	5.93	5.93	5.21	4.82
Cash Interest Paid	794	870	727	550	406	298
Cash Income Tax Paid	1,050	957	909	882	1,057	642
Levered Free Cash Flow	3,630	2,924	7,551	-1,507	1,953	2,042
Unlevered Free Cash Flow	4,138	3,493	8,056	-1,122	2,217	2,265
Change in Working Capital	-195	63	-388	123	-87	-129

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