2013 Q2 Form 10-Q Financial Statement
#000119312513323138 Filed on August 07, 2013
Income Statement
| Concept | 2013 Q2 |
|---|---|
| Revenue | $372.0M |
| YoY Change | 5.92% |
| Cost Of Revenue | |
| YoY Change | |
| Gross Profit | |
| YoY Change | |
| Gross Profit Margin | |
| Selling, General & Admin | $9.000M |
| YoY Change | -90.95% |
| % of Gross Profit | |
| Research & Development | |
| YoY Change | |
| % of Gross Profit | |
| Depreciation & Amortization | $33.00M |
| YoY Change | 2.8% |
| % of Gross Profit | |
| Operating Expenses | $147.0M |
| YoY Change | 11.7% |
| Operating Profit | $225.0M |
| YoY Change | 4.65% |
| Interest Expense | $10.00M |
| YoY Change | -208.7% |
| % of Operating Profit | 4.44% |
| Other Income/Expense, Net | -$8.000M |
| YoY Change | -2766.67% |
| Pretax Income | $217.0M |
| YoY Change | 5.03% |
| Income Tax | $59.00M |
| % Of Pretax Income | 27.19% |
| Net Earnings | $154.0M |
| YoY Change | 7.69% |
| Net Earnings / Revenue | 41.4% |
| Basic Earnings Per Share | $2.110M |
| Diluted Earnings Per Share | $2.090M |
| COMMON SHARES | |
| Basic Shares Outstanding | 73.00M shares |
| Diluted Shares Outstanding | 73.00M shares |
Balance Sheet
| Concept | 2013 Q2 |
|---|---|
| SHORT-TERM ASSETS | |
| Cash & Short-Term Investments | $1.494B |
| YoY Change | 38.08% |
| Cash & Equivalents | $1.457B |
| Short-Term Investments | $37.00M |
| Other Short-Term Assets | $35.51B |
| YoY Change | 2.02% |
| Inventory | |
| Prepaid Expenses | |
| Receivables | $186.0M |
| Other Receivables | $0.00 |
| Total Short-Term Assets | $10.00 |
| YoY Change | -100.0% |
| LONG-TERM ASSETS | |
| Property, Plant & Equipment | $165.0M |
| YoY Change | 19.57% |
| Goodwill | |
| YoY Change | |
| Intangibles | |
| YoY Change | |
| Long-Term Investments | $330.0M |
| YoY Change | -13.39% |
| Other Assets | $197.0M |
| YoY Change | -0.51% |
| Total Long-Term Assets | $0.00 |
| YoY Change | -100.0% |
| TOTAL ASSETS | |
| Total Short-Term Assets | $10.00 |
| Total Long-Term Assets | $0.00 |
| Total Assets | $10.00 |
| YoY Change | -100.0% |
| SHORT-TERM LIABILITIES | |
| YoY Change | |
| Accounts Payable | $109.0M |
| YoY Change | 47.3% |
| Accrued Expenses | $36.00M |
| YoY Change | -5.26% |
| Deferred Revenue | |
| YoY Change | |
| Short-Term Debt | $0.00 |
| YoY Change | |
| Long-Term Debt Due | $49.00M |
| YoY Change | -2.0% |
| Total Short-Term Liabilities | |
| YoY Change | |
| LONG-TERM LIABILITIES | |
| Long-Term Debt | $754.0M |
| YoY Change | -7.26% |
| Other Long-Term Liabilities | $116.0M |
| YoY Change | 6.42% |
| Total Long-Term Liabilities | $870.0M |
| YoY Change | -5.64% |
| TOTAL LIABILITIES | |
| Total Short-Term Liabilities | |
| Total Long-Term Liabilities | $870.0M |
| Total Liabilities | |
| YoY Change | |
| SHAREHOLDERS EQUITY | |
| Retained Earnings | |
| YoY Change | |
| Common Stock | $1.00 |
| YoY Change | |
| Preferred Stock | |
| YoY Change | |
| Treasury Stock (at cost) | |
| YoY Change | |
| Treasury Stock Shares | |
| Shareholders Equity | $10.00 |
| YoY Change | |
| Total Liabilities & Shareholders Equity | $10.00 |
| YoY Change | -100.0% |
Cashflow Statement
| Concept | 2013 Q2 |
|---|---|
| OPERATING ACTIVITIES | |
| Net Income | $154.0M |
| YoY Change | 7.69% |
| Depreciation, Depletion And Amortization | $33.00M |
| YoY Change | 2.8% |
| Cash From Operating Activities | $231.5M |
| YoY Change | 28.61% |
| INVESTING ACTIVITIES | |
| Capital Expenditures | -$25.40M |
| YoY Change | 42.7% |
| Acquisitions | |
| YoY Change | |
| Other Investing Activities | -$40.30M |
| YoY Change | 45.49% |
| Cash From Investing Activities | -$65.70M |
| YoY Change | 44.4% |
| FINANCING ACTIVITIES | |
| Cash Dividend Paid | |
| YoY Change | |
| Common Stock Issuance & Retirement, Net | |
| YoY Change | |
| Debt Paid & Issued, Net | |
| YoY Change | |
| Cash From Financing Activities | -101.3M |
| YoY Change | 409.05% |
| NET CHANGE | |
| Cash From Operating Activities | 231.5M |
| Cash From Investing Activities | -65.70M |
| Cash From Financing Activities | -101.3M |
| Net Change In Cash | 64.50M |
| YoY Change | -43.72% |
| FREE CASH FLOW | |
| Cash From Operating Activities | $231.5M |
| Capital Expenditures | -$25.40M |
| Free Cash Flow | $256.9M |
| YoY Change | 29.88% |
Facts In Submission
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|---|---|---|---|---|
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IntercontinentalExchange Group, Inc. | ||
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2013 | ||
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10-Q | ||
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2013-06-30 | ||
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0001571949 | ||
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--12-31 | ||
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Q2 | ||
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<div> <p style="TEXT-TRANSFORM: none; MARGIN-TOP: 12px; TEXT-INDENT: 0px; LETTER-SPACING: normal; FONT: medium 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0px; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-stroke-width: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><font style="FONT-FAMILY: 'Times New Roman'" size="2"><b>1.      Organization</b></font></b></font></p> <p style="TEXT-TRANSFORM: none; MARGIN-TOP: 2px; TEXT-INDENT: 4%; LETTER-SPACING: normal; FONT: medium 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0px; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-stroke-width: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2"><font style="FONT-FAMILY: 'Times New Roman'" size="2">IntercontinentalExchange Group, Inc. (“ICE Group” or the “Company”), is a Delaware corporation and a direct, wholly-owned subsidiary of IntercontinentalExchange, Inc. (“ICE”), also a Delaware corporation. ICE Group was organized on March 6, 2013, for the purpose of effecting ICE’s acquisition of NYSE Euronext (“the acquisition”), as described in the joint proxy statement/prospectus of ICE Group filed with the SEC on April 30, 2013 (File No. 333-187402) (the “Proxy Statement”) and discussed below. Upon the completion of the acquisition, ICE and NYSE Euronext will each become wholly-owned subsidiaries of ICE Group and ICE Group, as the successor to ICE, will be a publicly traded holding company. Following the acquisition, ICE and NYSE Euronext stockholders will be the holders of shares of ICE Group common stock.</font></font></p> <p style="TEXT-TRANSFORM: none; MARGIN-TOP: 12px; TEXT-INDENT: 4%; LETTER-SPACING: normal; FONT: medium 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0px; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-stroke-width: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2"><font style="FONT-FAMILY: 'Times New Roman'" size="2">ICE Group currently has two subsidiaries; Braves Merger Sub, Inc. and Baseball Merger Sub, LLC. Braves Merger Sub, Inc. is a Delaware corporation formed on March 6, 2013 for the sole purpose of effecting the acquisition, and a direct, wholly-owned subsidiary of ICE Group. Upon the completion of the acquisition, Braves Merger Sub, Inc. will cease to exist. Baseball Merger Sub, LLC is a Delaware limited liability company formed on December 12, 2012 for the sole purpose of effecting the acquisition, and is a direct, wholly-owned subsidiary of ICE Group. Upon the completion of the acquisition, NYSE Euronext will merge with and into Baseball Merger Sub, LLC, and Baseball Merger Sub, LLC will continue to exist as a direct, wholly-owned subsidiary of ICE Group. However, if the acquisition is restructured such that Baseball Merger Sub, LLC will merge with and into NYSE Euronext, NYSE Euronext will become a direct, wholly-owned subsidiary of ICE Group.</font></font></p> <p style="TEXT-TRANSFORM: none; MARGIN-TOP: 12px; TEXT-INDENT: 4%; LETTER-SPACING: normal; FONT: medium 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0px; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-stroke-width: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2"><font style="FONT-FAMILY: 'Times New Roman'" size="2">ICE Group has not commenced operations, has no significant assets or liabilities, and has not carried on any activities other than those incidental to its formation and the matters contemplated by the acquisition. There is currently no established public trading market for shares of ICE Group common stock. However, upon completion of the acquisition, shares of ICE Group common stock will be traded on the New York Stock Exchange under the ticker symbol “ICE”.</font></font></p> <p style="TEXT-TRANSFORM: none; MARGIN-TOP: 12px; TEXT-INDENT: 4%; LETTER-SPACING: normal; FONT: medium 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0px; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-stroke-width: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2"><font style="FONT-FAMILY: 'Times New Roman'" size="2">ICE is a leading operator of regulated global markets and clearing houses, including futures exchanges, over-the counter markets, derivatives clearing houses and post-trade services. ICE operates these global marketplaces for trading and clearing of a broad array of energy, environmental and agricultural commodities, credit derivatives, equity index and currency contracts. NYSE Euronext is a leading operator of financial markets and provider of trading technologies. NYSE Euronext is a holding company that, through its subsidiaries, operates the following securities exchanges: the New York Stock Exchange, NYSE Arca, Inc. and NYSE MKT LLC in the United States and the European-based exchanges that comprise Euronext N.V. — the Paris, Amsterdam, Brussels and Lisbon stock exchanges, as well as the NYSE Liffe derivatives markets in London, Paris, Amsterdam, Brussels and Lisbon.</font></font></p> <p style="TEXT-TRANSFORM: none; MARGIN-TOP: 12px; TEXT-INDENT: 0px; LETTER-SPACING: normal; FONT: medium 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0px; COLOR: rgb(0,0,0); MARGIN-LEFT: 37px; WORD-SPACING: 0px; -webkit-text-stroke-width: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2"><font style="FONT-FAMILY: 'Times New Roman'" size="2"><b><i>NYSE Euronext Proposed Acquisition by ICE</i></b></font></font></p> <p style="TEXT-TRANSFORM: none; MARGIN-TOP: 12px; TEXT-INDENT: 4%; LETTER-SPACING: normal; FONT: medium 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0px; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-stroke-width: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2"><font style="FONT-FAMILY: 'Times New Roman'" size="2">In December 2012, ICE announced an agreement to acquire NYSE Euronext in a stock and cash transaction. Under the agreement, which was amended and restated in March 2013, ICE has agreed to acquire NYSE Euronext, subject to regulatory approvals and other closing conditions. Following successive acquisition transactions, ICE and NYSE Euronext will become wholly-owned subsidiaries of ICE Group. The transaction is currently valued at approximately $9.5 billion, based on the closing price of ICE’s stock on August 1, 2013. The final purchase price will be based on the actual market price per share of ICE’s stock on the closing date of the acquisition. The acquisition is expected to close during the second half of 2013, subject to final approval from the Euronext College of Regulators, the U.S. Securities and Exchange Commission and other national financial regulators, as well as customary closing conditions.</font></font></p> </div> | ||
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