Expanding the Client Network
1.
2.
Cash Flow and Capital Management
QUARTERLY OVERVIEW
• Total cash and investments of $325 million
•
•
•
Trailing 12-month capital expenditures of $46 million to
support investment in trading system enhancements
Trailing 12-month free cash flow of $274 million
$75 million in capital returned to investors in 2Q22 through
share repurchases and dividends
• No outstanding debt on borrowing facilities
• Board of directors declared a regular quarterly cash dividend
of $0.70 per share
TTM FREE CASH FLOW¹ AND CAPITAL
EXPENDITURES
TTM Free Cash Flow (in $ millions)
Q2 TTM FCF²
5-Year CAGR
11%
I TTM Free Cash Flow
TTM Capital Expenditures
350
1002
300
250
200
150
100
50
1Q19
2Q19
3Q19
4Q19
1Q20
2Q20
3Q20
TTM QUARTERLY DIVIDENDS
80
80
60
40
20
TTM Capital Expenditures (in $ millions)
110
100
90
80
TTM Quarterly Dividends (in $ millions)
1Q19
2Q19
3Q19
4Q19
1Q20
2Q20
3Q20
4Q20
4Q20
1Q21
1Q21
2Q21
2Q21
3Q21
3Q21
4Q21
1Q22
2Q22
70
60
50
40
See second quarter 2022 earnings release and the Investor Relations section of the Company's website for a reconciliation of net cash provided by operating activities to free cash flow.
5-year compound annual growth rate "CAGR" calculated on a trailing twelve months basis.View entire presentation