v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities:    
Net income $ 558.0 $ 464.7
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:    
Amortization and depreciation 65.4 81.6
Impairment of leased assets 3.6 0.0
Common share-based compensation expense 65.3 38.9
Other (gains)/losses, net (105.0) (33.1)
Other (gains)/losses of CIP, net 165.3 (10.8)
Equity in earnings of unconsolidated affiliates (69.1) (44.6)
Distributions from equity method investees 8.5 1.5
Changes in operating assets and liabilities:    
(Purchase)/sale of investments by CIP, net (75.5) 39.4
(Purchase)/sale of investments, net 101.8 84.5
(Increase)/decrease in receivables and other assets (57.1) (26.1)
Increase/(decrease) in payables and other liabilities 285.6 (132.7)
Net cash provided by/(used in) operating activities 946.8 463.3
Investing activities:    
Purchase of property, equipment and software (44.7) (40.9)
Purchase of investments by CIP (3,195.7) (1,914.1)
Sale of investments by CIP 1,777.0 1,537.0
Purchase of investments (49.4) (23.9)
Sale of investments 0.0 0.1
Capital distribution from equity method investees 11.9 74.4
Proceeds from sale of management agreements 62.3 0.0
Net cash inflows/(outflows) upon consolidation/deconsolidation of CIP (0.1) 0.0
Net cash provided by/(used in) investing activities (1,438.7) (367.4)
Financing activities:    
Purchases of treasury shares (119.6) (68.6)
Repurchase of preferred shares 0.0 (1,150.0)
Dividends paid - preferred (75.2) (115.8)
Dividends paid - common (192.1) (187.7)
Third-party capital invested into CIP 383.9 107.3
Third-party capital distributed by CIP (71.3) (133.4)
Borrowings of debt of CIP 1,997.9 2,054.0
Repayments of debt of CIP (1,571.2) (1,694.0)
Borrowings of Revolving Credit Agreement 2,491.9 1,684.5
Repayments of Revolving Credit Agreement (2,193.6) (1,684.5)
Net proceeds from Term Loan Agreements 0.0 992.7
Repayment of debts (500.0) 0.0
Net cash provided by/(used in) financing activities 150.7 (195.5)
Increase/(decrease) in cash and cash equivalents (341.2) (99.6)
Supplemental Cash Flow Information [Abstract]    
Foreign exchange movement on cash and cash equivalents (16.2) 59.4
Foreign exchange movement on cash and cash equivalents of CIP (12.1) 36.1
Cash and cash equivalents, beginning of period 1,979.8 1,496.0
Cash and cash equivalents, end of period 1,610.3 1,491.9
Cash and cash equivalents 915.4 922.7
Cash and cash equivalents of CIP 694.9 569.2
Total cash and cash equivalents per condensed consolidated statement of cash flows $ 1,610.3 $ 1,491.9