Income Statement Intercontinental Exchange, Inc.

Equities

ICE

US45866F1049

Financial & Commodity Market Operators

Market Closed - Nyse Other stock markets 16:00:02 2024-09-06 EDT			5-day change	1st Jan Change
160.49 ^USD	-1.30%		-0.66%	+24.96%

09-05	Intercontinental Exchange Reports 29% Increase in August Average Daily Volume	MT
09-03	Intercontinental Exchange Launches Indices Covering Australia Residential Mortgage-Backed Securities	MT

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Published financial data: INTERCONTINENTAL EXCHANGE, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	4.94B	6.04B	7.15B	7.29B	7.99B
Other Revenues, Total	260M	-	-	-	-
Total Revenues	5.2B	6.04B	7.15B	7.29B	7.99B
Gross Profit	5.2B	6.04B	7.15B	7.29B	7.99B
Selling General & Admin Expenses, Total	1.85B	2.15B	2.59B	2.53B	2.81B
Depreciation & Amortization - (IS)	631M	740M	1.01B	1.03B	1.22B
Other Operating Expenses, Total	2.48B	2.89B	3.6B	3.56B	4.02B
Operating Income	2.72B	3.14B	3.55B	3.73B	3.96B
Interest Expense, Total	-285M	-357M	-423M	-616M	-808M
Interest And Investment Income	54M	10M	61M	108M	319M
Net Interest Expenses	-231M	-347M	-362M	-508M	-489M
Income (Loss) On Equity Invest.	62M	71M	51M	15M	-135M
Currency Exchange Gains (Loss)	-5M	-5M	-13M	-9M	-12M
Other Non Operating Income (Expenses)	2M	-3M	2.56B	-1.36B	-163M
EBT, Excl. Unusual Items	2.55B	2.86B	5.78B	1.87B	3.17B
Restructuring Charges	-18M	-	-	-	-
Merger & Related Restructuring Charges	-2M	-105M	-102M	-93M	-269M
Gain (Loss) On Sale Of Investments	-	55M	34M	41M	-3M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-31M	-11M	-	-	-
Legal Settlements	-	-30M	-16M	-9M	-
Other Unusual Items	-16M	-2M	-	-	-
EBT, Incl. Unusual Items	2.48B	2.77B	5.7B	1.81B	2.89B
Income Tax Expense	521M	658M	1.63B	310M	456M
Earnings From Continuing Operations	1.96B	2.11B	4.07B	1.5B	2.44B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	1.96B	2.11B	4.07B	1.5B	2.44B
Minority Interest	-27M	-19M	-11M	-52M	-70M
Net Income - (IS)	1.93B	2.09B	4.06B	1.45B	2.37B
Net Income to Common Incl Extra Items	1.93B	2.09B	4.06B	1.45B	2.37B
Net Income to Common Excl. Extra Items	1.93B	2.09B	4.06B	1.45B	2.37B
Per Share Items
Net EPS - Basic	3.45	3.78	7.22	2.59	4.2
Basic EPS - Continuing Operations	3.45	3.78	7.22	2.59	4.2
Basic Weighted Average Shares Outstanding	561M	552M	562M	559M	564M
Net EPS - Diluted	3.42	3.77	7.18	2.58	4.19
Diluted EPS - Continuing Operations	3.42	3.77	7.18	2.58	4.19
Diluted Weighted Average Shares Outstanding	565M	555M	565M	561M	565M
Normalized Basic EPS	2.79	3.2	6.41	2	3.38
Normalized Diluted EPS	2.77	3.19	6.38	1.99	3.38
Dividend Per Share	1.1	1.2	1.32	1.52	1.68
Payout Ratio	32.13	32.02	18.41	58.99	40.33
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	3.18B	3.7B	4.34B	4.51B	4.9B
EBITA	3.03B	3.53B	4.17B	4.34B	4.71B
EBIT	2.72B	3.14B	3.55B	3.73B	3.96B
EBITDAR	3.24B	3.78B	4.43B	4.6B	4.99B
Total Revenues (As Reported)	5.2B	6.04B	7.15B	7.29B	7.99B
Effective Tax Rate - (Ratio)	21	23.79	28.59	17.15	15.76
Current Domestic Taxes	313M	302M	800M	572M	314M
Current Foreign Taxes	241M	264M	292M	331M	471M
Total Current Taxes	554M	566M	1.09B	903M	785M
Deferred Domestic Taxes	-25M	31M	350M	-578M	-321M
Deferred Foreign Taxes	-8M	61M	187M	-15M	-8M
Total Deferred Taxes	-33M	92M	537M	-593M	-329M
Normalized Net Income	1.57B	1.77B	3.6B	1.12B	1.91B
Non-Cash Pension Expense	1M	3M	2M	-1M	-4M
Supplemental Operating Expense Items
General and Administrative Expenses	594M	693M	825M	814M	857M
Net Rental Expense, Total	68M	81M	84M	83M	92M
Imputed Operating Lease Interest Expense	19.88M	18.45M	18.24M	25.03M	28.72M
Imputed Operating Lease Depreciation	48.12M	62.55M	65.76M	57.97M	63.28M
Stock-Based Comp., SG&A Exp. (Total)	139M	127M	155M	149M	197M
Stock-Based Comp., Other (Total)	7M	20M	44M	19M	73M
Total Stock-Based Compensation	146M	147M	199M	168M	270M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	841M	583M	607M	1.8B	899M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	841M	583M	607M	1.8B	899M
Accounts Receivable, Total	988M	1.23B	1.21B	1.17B	1.37B
Total Receivables	988M	1.23B	1.21B	1.17B	1.37B
Prepaid Expenses	220M	323M	320M	458M	703M
Restricted Cash	943M	1B	1.04B	6.15B	531M
Other Current Assets, Total	64.99B	84.08B	151B	147B	81.47B
Total Current Assets	67.98B	87.22B	154B	157B	84.97B
Gross Property Plant And Equipment	1.99B	2.24B	2.22B	2.27B	2.44B
Accumulated Depreciation	-751M	-857M	-887M	-926M	-1.05B
Net Property Plant And Equipment	1.24B	1.38B	1.34B	1.34B	1.39B
Long-term Investments	631M	666M	-	-	-
Goodwill	13.34B	21.29B	21.12B	21.11B	30.55B
Other Intangibles, Total	10.56B	14.74B	14.1B	13.52B	17.85B
Other Long-Term Assets, Total	747M	903M	2.64B	1.42B	1.32B
Total Assets	94.49B	126B	194B	194B	136B
Liabilities
Accounts Payable, Total	505M	639M	474M	619M	1B
Accrued Expenses, Total	304M	359M	366M	587M	555M
Short-term Borrowings	1.32B	2.41B	1.02B	4M	1.95B
Current Portion of Long-Term Debt	1.25B	-	499M	-	-
Current Portion of Leases	53M	69M	72M	65M	60M
Unearned Revenue Current, Total	129M	158M	194M	170M	200M
Other Current Liabilities	65.26B	84.36B	151B	148B	80.85B
Total Current Liabilities	68.82B	88B	153B	149B	84.63B
Long-Term Debt	5.25B	14.13B	12.4B	18.12B	20.66B
Long-Term Leases	281M	320M	252M	254M	299M
Unearned Revenue Non Current	72M	101M	90M	84M	107M
Pension & Other Post Retirement Benefits	198M	206M	200M	160M	193M
Deferred Tax Liability Non Current	2.31B	3.56B	4.1B	3.49B	4.08B
Other Non Current Liabilities	198M	258M	304M	297M	334M
Total Liabilities	77.13B	107B	171B	172B	110B
Common Stock, Total	6M	6M	6M	6M	6M
Additional Paid In Capital	11.74B	13.84B	14.07B	14.31B	15.95B
Retained Earnings	9.63B	11.04B	14.35B	14.94B	16.36B
Treasury Stock	-3.88B	-5.2B	-5.52B	-6.22B	-6.3B
Comprehensive Income and Other	-243M	-192M	-196M	-331M	-294M
Total Common Equity	17.26B	19.5B	22.71B	22.71B	25.72B
Minority Interest	109M	129M	39M	55M	69M
Total Equity	17.36B	19.63B	22.75B	22.76B	25.79B
Total Liabilities And Equity	94.49B	126B	194B	194B	136B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	553M	562M	562M	559M	573M
ECS Total Common Shares Outstanding	554M	561M	561M	559M	573M
Book Value / Share	31.12	34.73	40.48	40.62	44.88
Tangible Book Value	-6.65B	-16.53B	-12.51B	-11.92B	-22.69B
Tangible Book Value Per Share	-11.99	-29.44	-22.3	-21.33	-39.6
Total Debt	8.15B	16.93B	14.24B	18.44B	22.97B
Net Debt	7.31B	16.34B	13.64B	16.64B	22.07B
Debt Equivalent of Unfunded Proj. Benefit Obligation	8M	-23M	-41M	-14M	-27M
Debt Equivalent Oper. Leases	544M	648M	672M	664M	736M
Minority Interest, Total (Incl. Fin. Div)	109M	129M	39M	55M	69M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	146M	146M	156M	155M	180M
Buildings, Total	309M	322M	342M	352M	389M
Machinery, Total	975M	1.12B	1.13B	1.15B	1.19B
Full Time Employees	5.99K	8.89K	8.86K	8.91K	13.22K
Accumulated Allowance for Doubtful Accounts (Supple)	8M	27M	24M	22M	21M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	1.93B	2.09B	4.06B	1.45B	2.37B
Depreciation & Amortization - CF	145M	173M	174M	174M	182M
Amortization of Goodwill and Intangible Assets - (CF)	311M	388M	622M	610M	749M
Depreciation & Amortization, Total	456M	561M	796M	784M	931M
Amortization of Deferred Charges, Total - (CF)	175M	179M	213M	247M	284M
(Gain) Loss From Sale Of Asset	-	-	-1.42B	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-55M	-1.26B	-41M	4M
Asset Writedown & Restructuring Costs	31M	11M	-	-	-
(Income) Loss On Equity Investments - (CF)	-	-	42M	1.34B	122M
Stock-Based Compensation (CF)	139M	139M	188M	155M	257M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	-46M	86M	593M	-500M	-36M
Change In Accounts Receivable	-30M	-149M	-5M	20M	-71M
Change in Unearned Revenues	-18M	2M	34M	-27M	-16M
Change in Other Net Operating Assets	19M	18M	-116M	130M	-301M
Cash from Operations	2.66B	2.88B	3.12B	3.55B	3.54B
Capital Expenditure	-153M	-207M	-179M	-225M	-190M
Cash Acquisitions	-352M	-9.45B	-66M	-59M	-10.2B
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-152M	-203M	-273M	-257M	-299M
Investment in Marketable and Equity Securities, Total	69M	4M	1.12B	670M	175M
Other Investing Activities, Total	-6M	22M	-1.39B	548M	1.72B
Cash from Investing	-594M	-9.83B	-786M	677M	-8.8B
Short Term Debt Issued, Total	360M	1.09B	-	-	1.95B
Long-Term Debt Issued, Total	10M	9.61B	-	7.89B	2.4B
Total Debt Issued	370M	10.7B	-	7.89B	4.35B
Short Term Debt Repaid, Total	-	-	-1.39B	-1.01B	-
Long-Term Debt Repaid, Total	-	-2B	-1.25B	-2.7B	-2.29B
Total Debt Repaid	-	-2B	-2.64B	-3.72B	-2.29B
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-1.52B	-1.32B	-320M	-705M	-78M
Common Dividends Paid	-621M	-669M	-747M	-853M	-955M
Common & Preferred Stock Dividends Paid	-621M	-669M	-747M	-853M	-955M
Other Financing Activities, Total	23M	38M	65.73B	-4.46B	-65.38B
Cash from Financing	-1.75B	6.74B	62.03B	-1.84B	-64.34B
Foreign Exchange Rate Adjustments	4M	8M	-6M	-23M	7M
Net Change in Cash	316M	-197M	64.36B	2.37B	-69.59B
Supplemental Items
Cash Interest Paid	280M	298M	406M	550M	727M
Cash Income Tax Paid (Refund)	557M	642M	1.06B	882M	909M
Levered Free Cash Flow	1.86B	2.05B	1.95B	-1.51B	7.55B
Unlevered Free Cash Flow	2.04B	2.27B	2.22B	-1.12B	8.06B
Change In Net Working Capital	133M	173M	758M	4.17B	-4.58B
Net Debt Issued / Repaid	370M	8.7B	-2.64B	4.17B	2.07B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.82	1.78	1.39	1.2	1.5
Return on Total Capital	6.76	6.33	6.03	5.96	5.51
Return On Equity %	11.31	11.4	19.2	6.58	10.04
Return on Common Equity	11.22	11.37	19.23	6.37	9.78
Margin Analysis
Gross Profit Margin %	100	100	100	100	100
SG&A Margin	35.58	35.67	36.23	34.72	35.15
EBITDA Margin %	61.05	61.37	60.79	61.89	61.29
EBITA Margin %	58.27	58.5	58.35	59.5	59.01
EBIT Margin %	52.29	52.07	49.65	51.14	49.64
Income From Continuing Operations Margin %	37.68	34.92	56.94	20.54	30.52
Net Income Margin %	37.16	34.61	56.79	19.83	29.64
Net Avail. For Common Margin %	37.16	34.61	56.79	19.83	29.64
Normalized Net Income Margin	30.09	29.29	50.42	15.31	23.9
Levered Free Cash Flow Margin	35.77	33.88	27.3	-20.69	94.56
Unlevered Free Cash Flow Margin	39.2	37.58	31	-15.41	100.88
Asset Turnover
Asset Turnover	0.06	0.05	0.04	0.04