Nasdaq, Inc. NDAQ Income Statement

Nasdaq, inc. (NDAQ)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Revenues:
Listing Services
-	-	-	-	-	-	228	224	236	338	-	343
Total revenues
4,262	4,277	3,948	3,704	3,403	3,500	3,211	3,120	3,438	3,191	3,411	3,650
Transaction-based expenses:
Transaction rebates
-	-	-	1,092	983	1,065	1,002	1,104	1,344	1,312	1,475	1,744
Brokerage, clearance and exchange fees
-	-	-	336	330	368	314	342	404	363	483	446
Total cost of revenues
-	-	-	-	-	-	-	-	1,748	1,675	1,958	2,190
Revenues less transaction-based expenses
2,535	2,526	2,411	2,276	2,090	2,067	1,895	1,674	1,690	1,516	1,453	1,460
Operating expenses:
Compensation and benefits
707	712	670	665	590	588	539	454	458	412	408	401
Professional and contract services
127	144	153	153	148	157	151	107	91	72	76	72
Computer operations and data communications
133	127	125	111	107	92	82	60	65	58	58	54
Occupancy
97	95	94	86	85	110	98	93	91	88	81	65
General, administrative and other
125	120	82	73	65	89	80	58	83	93	59	62
Marketing and advertising
39	37	31	30	28	32	30	26	24	20	15	19
Depreciation and amortization
190	210	188	170	138	137	122	104	109	103	104	93
Regulatory
31	32	33	35	27	27	30	34	35	35	32	29
Merger and strategic initiatives
30	21	44	76	10	81	22	4	38	4	17	25
Restructuring charges
39	0	0	41	172	0	9	44	-	-	-	-
Voluntary accommodation program
-	-	-	-	-	-	44	-	-	-	-	-
Total operating expenses
1,518	1,498	1,420	1,440	1,370	1,313	1,207	984	994	885	850	820
Operating income
1,017	1,028	991	836	720	754	688	690	696	631	603	640
Interest income
10	10	7	5	4	6	9	10	11	9	13	35
Interest expense
124	150	143	135	111	117	111	97	119	102	102	97
Gain on sale of investment security
0	118	0	0	-	-	30	-	-	-	-	-
Net gain on divestiture of business
27	33	0	0	-	-	-	-14	-	-11	-	-
Other income
5	7	2	-	-	-	-	-	-	-	-	-
Asset Impairment Charges
-	-	-	578	0	49	14	40	18	-	-	42
Other investment income
-	-	-	3	0	0	-	-	1	-3	2	8
Net income from unconsolidated investees
84	18	15	2	17	0	-2	-1	2	2	-107	27
Loss on sale of investment security
-	-	-	-	-	-	-	-	-	-	-5	-
Gain on sales of businesses
-	-	-	-	-	-	-	-	-	-	12	-
Debt conversion expense
-	-	-	-	-	-	-	-	-	-	25	-
Income before income taxes
1,019	1,064	872	133	630	594	600	548	573	526	391	513
Gain (loss) on foreign currency contracts, net
-	-	-	-	-	-	-	-	-	-	-	-58
Income tax provision
245	606	143	27	203	181	216	199	190	137	128	198
Net income
-	-	-	-	427	413	384	349	383	389	263	315
Net loss attributable to noncontrolling interests
-	-	-	-	-1	-1	-1	-3	-4	-6	-3	1
Net income attributable to Nasdaq
774	458	729	106	428	414	385	352	387	395	266	314
Per share information:
Basic earnings per share (in dollars per share)
4.69	2.77	4.38	0.64	2.56	2.45	2.30	2.09	2.20	1.94	1.30	1.65
Diluted earnings per share (in dollars per share)
4.63	2.73	4.30	0.63	2.50	2.39	2.25	2.04	2.15	1.91	1.25	1.55
Cash dividends declared per common share (in dollars per share)
1.85	1.70	1.46	1.21	0.90	0.58	0.52	0.39	-	-	-	-
Other Revenues
Total revenues
10	97	236	-	-	-	-	-	-	-	-	-
Revenues less transaction-based expenses
10	97	236	-	-	-	-	-	-	-	-	-
Market Services [Member]
Revenue from Contract with Customer, Excluding Assessed Tax
-	-	-	2,255	2,084	2,229	2,072	2,206	2,553	2,700	-	3,176
Corporate Services [Member]
Revenue from Contract with Customer, Excluding Assessed Tax
-	-	-	477	562	552	-	-	-	-	-	-
Information Services
Revenue from Contract with Customer, Excluding Assessed Tax
-	-	-	540	512	473	436	400	391	-	-	-
Market Technology
Revenue from Contract with Customer, Excluding Assessed Tax
-	-	-	241	245	246	475	290	258	152	-	119
Other revenues
Revenue from Contract with Customer, Excluding Assessed Tax
-	-	-	191	-	-	-	-	-	1	-	12
Revenues less transaction-based expenses
-	-	-	191	-	-	-	-	-	-	-	-
Transaction rebates
Transaction-based expenses
1,327	1,344	1,158	-	-	-	-	-	-	-	-	-
Brokerage, clearance and exchange fees
Transaction-based expenses
400	407	379	-	-	-	-	-	-	-	-	-