v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net loss $ (355.5) $ (246.8)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 6.1 6.7
Equity in losses (earnings) of unconsolidated affiliates 97.6 (3.0)
Distributions from investments in unconsolidated affiliates 3.1 1.1
Recognized losses and asset impairments, net 69.0 141.7
Lease asset amortization 6.8 6.7
Stock-based compensation expense 14.9 11.3
Net loss from discontinued operations - see Note J 87.3 22.8
Changes in assets and liabilities:    
Other assets 2.9 5.9
Lease liabilities (7.7) (7.5)
Accounts payable, accrued liabilities, deferred revenue and other liabilities 20.3 (5.0)
Income taxes 42.7 19.9
Net cash used in operating activities (12.5) (46.2)
Cash flows from investing activities:    
Proceeds from sales of Dayforce shares 0.0 208.0
Additions to property and equipment and other intangible assets (3.9) (2.9)
Proceeds from sales of property and equipment 1.7 3.4
Proceeds from sale of investments in unconsolidated affiliates 103.1 100.9
Additional investments in unconsolidated affiliates (30.1) (33.9)
Purchases of other long-term investments (7.0) (38.1)
Distributions from investments in unconsolidated affiliates 7.5 8.4
Purchases of short-term investment securities 0.0 (64.6)
Proceeds from sale and maturity of short-term investment securities 6.2 71.3
Net cash provided by investing activities 77.5 252.5
Cash flows from financing activities:    
Borrowings 0.6 0.4
Debt service payments (0.7) (27.7)
Other activity in non-controlling interests 0.2 0.0
Payment for vested shares withheld for taxes and in treasury (1.6) (0.6)
Dividends paid (15.4) (7.5)
Treasury stock repurchases (112.9) (231.4)
Net cash used in financing activities (129.8) (266.8)
Net decrease in cash and cash equivalents (64.8) (60.5)
Cash and cash equivalents at beginning of period 131.5 106.2
Cash and cash equivalents at end of period $ 66.7 $ 45.7