Nasdaq, Inc. (NDAQ)

Nasdaq Cash Flow Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	1,117	1,059	1,125	1,187	933
Depreciation & Amortization	613	323	258	278	202
Loss (Gain) From Sale of Assets	-	-	-	-84	-
Asset Writedown & Restructuring Costs	37	25	-	-	-
Loss (Gain) on Equity Investments	-16	7	-31	-52	-70
Stock-Based Compensation	141	122	106	90	87
Other Operating Activities	1	121	80	133	109
Change in Accounts Receivable	-193	3	-101	-6	-167
Change in Accounts Payable	-60	149	19	-17	5
Change in Unearned Revenue	67	88	16	106	15
Change in Other Net Operating Assets	232	-201	234	-552	138
Operating Cash Flow	1,939	1,696	1,706	1,083	1,252
Operating Cash Flow Growth	14.33%	-0.59%	57.53%	-13.50%	30.01%
Capital Expenditures	-207	-158	-152	-163	-188
Cash Acquisitions	-	-5,766	-41	-2,430	-157
Divestitures	-	-	-	190	-
Investment in Securities	-7	7	-2	-31	141
Other Investing Activities	-739	-77	244	-219	82
Investing Cash Flow	-953	-5,994	49	-2,653	-122
Short-Term Debt Issued	-	-	238	420	-
Long-Term Debt Issued	-	5,608	541	826	3,807
Total Debt Issued	-	5,608	779	1,246	3,807
Short-Term Debt Repaid	-291	-371	-	-	-391
Long-Term Debt Repaid	-521	-260	-1,097	-804	-1,468
Total Debt Repaid	-812	-631	-1,097	-804	-1,859
Net Debt Issued (Repaid)	-812	4,977	-318	442	1,948
Issuance of Common Stock	-	-	-	26	50
Repurchase of Common Stock	-205	-341	-711	-1,004	-262
Common Dividends Paid	-541	-441	-383	-350	-320
Other Financing Activities	-1,003	25	2,448	2,304	494
Financing Cash Flow	-2,561	4,220	1,036	1,418	1,910
Foreign Exchange Rate Adjustments	-537	202	-1,293	-331	353
Net Cash Flow	-2,112	124	1,498	-483	3,393
Free Cash Flow	1,732	1,538	1,554	920	1,064
Free Cash Flow Growth	12.61%	-1.03%	68.91%	-13.53%	27.27%
Free Cash Flow Margin	23.41%	25.36%	24.96%	15.63%	18.92%
Free Cash Flow Per Share	2.99	3.02	3.12	1.82	2.13
Cash Interest Paid	405	177	116	118	97
Cash Income Tax Paid	358	254	274	501	290
Levered Free Cash Flow	1,759	1,274	1,392	991.25	922.5
Unlevered Free Cash Flow	2,018	1,451	1,473	1,069	985.63
Change in Working Capital	46	39	168	-469	-9

Updated Oct 21, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q