Nasdaq, Inc. NDAQ Income Statement

Nasdaq, inc. (NDAQ)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenues:
Listing Services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	235	233	231	228	228	226	223	224	131	166	203	236	354	349	343	338	0	0	0	0	0
Total revenues
4,576	4,262	4,331	4,199	4,165	4,277	4,162	4,163	4,130	3,948	3,901	3,865	3,768	3,704	3,598	3,540	3,450	3,403	3,455	3,402	3,460	3,500	3,429	3,416	3,365	3,211	3,118	3,059	3,060	3,120	3,207	3,405	3,427	3,438	3,373	3,186	3,235	3,191	3,224	3,356	0	0	0
Transaction-based expenses:
Transaction rebates
-	-	1,406	1,350	-	-	1,236	1,209	1,205	-	1,159	1,158	1,110	1,092	1,054	1,045	1,005	983	1,025	1,005	1,041	1,065	1,026	1,021	1,045	1,002	998	1,017	1,040	1,104	1,178	1,318	1,341	1,344	1,319	1,232	1,294	1,312	1,343	1,421	0	0	0
Brokerage, clearance and exchange fees
-	-	391	347	-	-	414	439	429	-	364	347	335	336	330	337	328	330	358	357	374	368	334	317	314	314	324	340	342	342	350	384	395	404	396	360	372	363	410	469	0	0	0
Total cost of revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	1,528	1,702	1,736	1,748	1,715	1,592	1,666	1,675	1,753	1,890	0	0	0
Revenues less transaction-based expenses
2,602	2,535	2,534	2,502	2,494	2,526	2,512	2,515	2,496	2,411	2,378	2,360	2,323	2,276	2,214	2,158	2,117	2,090	2,072	2,040	2,045	2,067	2,069	2,078	2,006	1,895	1,796	1,702	1,678	1,674	1,679	1,703	1,691	1,690	1,658	1,594	1,569	1,516	1,471	1,466	0	0	0
Operating expenses:
Compensation and benefits
727	707	697	686	690	712	715	718	706	670	670	671	674	665	633	615	595	590	590	576	577	588	585	599	580	539	509	472	459	454	451	456	458	458	455	438	426	412	402	406	0	0	0
Professional and contract services
117	127	138	140	144	144	147	152	154	153	153	155	154	153	150	143	150	148	147	151	151	157	164	168	161	151	134	120	111	107	109	103	97	91	75	72	72	72	77	76	0	0	0
Computer operations and data communications
135	133	132	131	128	127	127	127	127	125	123	119	116	111	106	101	97	107	106	105	105	92	92	92	89	82	65	61	58	60	66	65	65	65	66	62	59	58	57	58	0	0	0
Occupancy
98	97	96	95	94	95	96	96	96	94	93	93	89	86	83	82	84	85	99	103	106	110	102	102	101	98	96	92	92	93	90	91	91	91	91	91	89	88	85	80	0	0	0
General, administrative and other
170	125	141	129	114	120	93	80	85	82	87	91	78	73	39	31	33	65	91	98	112	89	93	92	78	80	75	73	69	58	82	85	84	83	58	52	51	93	100	99	0	0	0
Marketing and advertising
38	39	39	38	38	37	35	35	33	31	30	31	31	30	31	29	27	28	29	28	31	32	30	32	31	30	30	29	27	26	28	26	25	24	20	21	21	20	17	15	0	0	0
Depreciation and amortization
190	190	194	200	205	210	208	202	196	188	184	183	177	170	161	149	142	138	135	135	136	137	138	137	130	122	115	108	105	104	105	107	108	109	109	106	105	103	102	104	0	0	0
Regulatory
31	31	31	31	31	32	32	33	33	33	39	38	36	35	27	26	27	27	27	27	27	27	28	29	30	30	31	31	32	34	35	36	35	35	34	34	35	35	37	38	0	0	0
Merger and strategic initiatives
28	30	39	35	20	21	30	27	48	44	40	49	73	76	59	51	19	10	41	42	53	81	36	31	42	22	37	34	10	4	1	7	35	38	38	36	0	-	0	0	-	0	0
Restructuring charges
0	-	0	-	0	-	0	-	-	-	-	-	-	41	54	62	31	172	160	152	150	0	0	0	0	9	17	27	44	44	0	0	0	-	-	-	-	-	-	-	-	-	-
Voluntary accommodation program
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	44	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
1,585	1,518	1,537	1,485	1,464	1,498	1,483	1,470	1,478	1,420	1,418	1,429	1,460	1,440	1,343	1,289	1,205	1,370	1,425	1,417	1,448	1,313	1,250	1,264	1,224	1,207	1,171	1,109	1,069	984	1,003	1,002	1,007	994	947	913	867	885	884	885	0	0	0
Operating income
1,017	1,017	997	1,017	1,030	1,028	1,029	1,045	1,018	991	960	931	863	836	871	869	912	720	647	623	597	754	819	814	782	688	625	593	609	690	676	701	684	696	711	681	702	631	587	581	0	0	0
Interest income
9	10	12	12	11	10	8	7	7	7	8	7	6	5	4	4	4	4	5	5	5	6	6	7	8	9	11	11	11	10	9	10	11	11	11	10	9	9	9	9	0	0	0
Interest expense
113	124	134	143	149	150	149	145	144	143	145	148	144	135	125	116	111	111	111	112	115	117	118	121	117	111	107	99	97	97	98	104	111	119	119	114	109	102	102	102	0	0	0
Net gain on divestiture of business
0	27	27	19	60	33	33	41	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	0	-	-	-
Other income
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset Impairment Charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14	10	10	38	40	0	0	0	-	-	-	-	-	-	-	-	-	-
Other investment income
-	-	0	0	-	-	0	0	-	-	0	0	-	3	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	0	0	0	-	-	0	-	0	0
Net income from unconsolidated investees
56	84	75	66	61	18	18	16	13	15	7	5	4	2	5	5	5	17	0	0	0	-	-	-	-	-	0	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	0
Loss on sale of investment security
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Debt conversion expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Income before income taxes
979	1,019	1,095	1,089	1,138	1,064	948	973	896	872	253	218	153	133	758	765	811	630	509	482	452	594	732	724	697	600	517	480	470	548	516	552	558	573	601	574	589	526	462	433	0	0	0
Income tax provision
249	245	568	549	610	606	201	219	158	143	-4	0	11	27	277	277	261	203	144	132	133	181	264	266	252	216	190	177	163	199	171	187	194	190	164	146	157	137	148	151	0	0	0
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	427	402	365	0	-	0	0	-	384	327	303	307	349	345	365	364	383	437	428	432	389	314	282	0	0	0
Net loss attributable to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-3	-3	-4	-4	-4	-6	-6	-6	-6	-4	-4	0	0	0
Net income attributable to Nasdaq
730	774	527	540	528	458	747	754	738	729	257	218	142	106	481	488	551	428	367	352	320	414	469	459	446	385	328	304	309	352	348	369	368	387	443	434	438	395	318	286	0	0	0
Per share information:
Basic earnings per share (in dollars per share)
1.23	1.24	0.91	1.05	1.49	-0.26	0.99	0.98	1.06	1.47	1.02	0.88	1.01	-1.37	0.79	0.42	0.80	0.89	0.83	0.79	0.05	0.51	0.73	0.60	0.61	0.83	0.68	0.53	0.26	0.52	0.53	0.55	0.49	0.47	0.62	0.52	0.59	0.68	0.51	0.46	0.29	0.30	0.34
Diluted earnings per share (in dollars per share)
1.22	1.21	0.90	1.04	1.48	-0.26	0.97	0.97	1.05	1.44	1.00	0.87	0.99	-1.34	0.77	0.42	0.78	0.88	0.80	0.77	0.05	0.50	0.71	0.59	0.59	0.82	0.66	0.52	0.25	0.51	0.52	0.53	0.48	0.46	0.61	0.51	0.57	0.67	0.50	0.46	0.28	0.28	0.33
Cash dividends declared per common share (in dollars per share)
0.47	0.47	0.47	0.47	0.44	0.44	0.44	0.00	0.82	0.38	0.38	0.38	0.32	0.32	0.32	0.00	0.57	0.25	0.25	0.25	0.15	0.15	0.15	0.00	0.28	0.13	0.13	0.13	0.13	-	0.13	0.13	-	-	-	-	-	-	-	-	-	-	-
Other Revenues
Total revenues
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenues less transaction-based expenses
-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Market Services [Member]
Revenue from Contract with Customer, Excluding Assessed Tax
-	-	2,732	2,628	-	-	2,581	2,576	2,547	-	2,401	2,377	2,289	2,255	2,186	2,171	2,117	2,084	2,162	2,130	2,191	2,229	2,138	2,127	2,141	2,072	2,080	2,100	2,134	2,206	2,049	2,338	2,450	2,553	2,838	2,664	2,731	2,700	0	0	0	0	0
Corporate Services [Member]
Revenue from Contract with Customer, Excluding Assessed Tax
-	-	533	530	-	-	621	626	628	-	418	454	494	477	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Information Services
Revenue from Contract with Customer, Excluding Assessed Tax
-	-	771	752	-	-	684	655	624	-	568	555	545	540	531	526	520	512	498	480	475	473	466	469	453	436	423	405	404	400	0	0	0	-	-	-	-	-	-	-	-	-	-
Market Technology
Revenue from Contract with Customer, Excluding Assessed Tax
-	-	316	300	-	-	312	306	298	-	227	238	249	241	48	106	172	245	224	228	236	246	590	587	540	475	387	328	299	290	329	302	281	258	181	173	161	152	0	0	0	0	0
Other revenues
Revenue from Contract with Customer, Excluding Assessed Tax
-	-	-21	-11	-	-	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	0	0	0	-	-
Revenues less transaction-based expenses
-	-	-	-	-	-	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transaction rebates
Transaction-based expenses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Brokerage, clearance and exchange fees
Transaction-based expenses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-