AI English summary of an SEC filing — figures as filed
Nasdaq NDAQThe company said it filed pro forma financial information for its completed acquisition of Adenza on November 1, 2023, in 8-K, in connection with the filing of a new Form S-3 registration statement. The pro forma income statement assumes the acquisition occurred on January 1, 2023.
Key points
AI summaryThe company said it filed pro forma financial information for its completed acquisition of Adenza on November 1, 2023, in 8-K, in connection with the filing of a new Form S-3 registration statement. The pro forma income statement assumes the acquisition occurred on January 1, 2023.
The company said Adenza's revenue for the twelve months ended 2023 was $583 million and its GAAP operating income was $174 million. Combined pro forma total revenue was $6,498 million and operating income was $1,487 million, reflecting 10 months of Adenza results through October 31, 2023 ended.
The company said the total purchase consideration for the Adenza acquisition was $9,940 million, consisting of $5,770 million in cash and 85,608,414 shares of common stock at $48.71 per share. In the preliminary purchase price allocation, goodwill was $5,933 million and acquired intangible assets were $5,050 million.
The company said pro forma combined net income was $837 million, and net income attributable to Nasdaq was $839 million. Pro forma earnings per share were $1.66 basic and $1.65 diluted, while Nasdaq's previously reported earnings per share for 2023 were $2.10 basic and $2.08 diluted.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Purpose of Adenza Acquisition 8-K and Basis of Pro Forma Presentation
The company said it filed pro forma financial information for its completed acquisition of Adenza on November 1, 2023, in 8-K, in connection with the filing of a new Form S-3 registration statement. The pro forma income statement assumes the acquisition occurred on January 1, 2023.
Source · Based on the filing body and exhibits
Adenza's 12-Month Revenue and Operating Income and Combined Pro Forma Results
The company said Adenza's revenue for the twelve months ended 2023 was $583 million and its GAAP operating income was $174 million. Combined pro forma total revenue was $6,498 million and operating income was $1,487 million, reflecting 10 months of Adenza results through October 31, 2023 ended.
Source · Based on the filing body and exhibits
Acquisition Consideration and Allocation to Goodwill and Intangible Assets
The company said the total purchase consideration for the Adenza acquisition was $9,940 million, consisting of $5,770 million in cash and 85,608,414 shares of common stock at $48.71 per share. In the preliminary purchase price allocation, goodwill was $5,933 million and acquired intangible assets were $5,050 million.
Source · Based on the filing body and exhibits
Pro Forma Net Income and Earnings per Share
The company said pro forma combined net income was $837 million, and net income attributable to Nasdaq was $839 million. Pro forma earnings per share were $1.66 basic and $1.65 diluted, while Nasdaq's previously reported earnings per share for 2023 were $2.10 basic and $2.08 diluted.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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