v3.26.1
CONDENSED COMBINED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating Activities:    
Net income $ 108 $ 123
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 7 7
Amortization of intangibles 148 148
Provision for losses on accounts receivable 2 2
Deferred income taxes (38) (43)
Stock-based compensation 9 9
Restructuring charges (1) 0
Changes in operating assets and liabilities, net:    
Accounts receivable (16) (4)
Due from related parties (8) 2
Prepaid and other current assets (15) (4)
Accounts payable and accrued expenses (26) (25)
Due to related parties (19) 12
Unearned revenue 25 20
Other current liabilities 11 0
Net change in other assets and liabilities 2 (14)
Cash provided by operating activities 189 233
Investing Activities:    
Capital expenditures (12) (8)
Purchases of equity investments (3) (3)
Cash used for investing activities (15) (11)
Financing Activities:    
Proceeds from issuance of Senior Notes 1,986 0
Net transfers to Parent (2,011) (190)
Payments related to loan from related parties 0 (18)
Contingent consideration payments 0 (2)
Cash used for financing activities (25) (210)
Effect of exchange rate changes on cash (1) 1
Net change in cash and cash equivalents 148 13
Cash and cash equivalents at beginning of period 38 27
Cash and cash equivalents at end of period 186 40
Supplemental non-cash disclosures:    
Consolidation of Canada Carfax Loan 230 0
Accrued debt issuance costs $ 5 $ 0

Source

10-Q XBRL Zip