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NDAQ » Topics » Dividend Income

These excerpts taken from the NDAQ 10-K filed Feb 25, 2008.

Dividend Income

 

Dividend income was $14.5 million in 2007 compared with $16.2 million in 2006. This represents ordinary dividends from our investment in the LSE.

 

Dividend
Income

 

Dividend income was $14.5 million in 2007 compared
with $16.2 million in 2006. This represents ordinary dividends from our investment in the LSE.

 

FACE="Times New Roman" SIZE="2">Gain on Foreign Currency Option Contracts

 

FACE="Times New Roman" SIZE="2">The gain on foreign currency option contracts was $44.0 million in 2007 compared with $48.4 million in 2006. In order to hedge the foreign currency exposure on our proposed combination with OMX, we purchased and sold
foreign currency option contracts in 2007, beginning at the time of the announcement of the proposed combination. The cumulative pre-tax realized gain on the OMX option contracts was $30.1 million for 2007. The fair value of the OMX option contract
at December 31, 2007 was $60.7 million. The unrealized gain on this contract was $21.7 million for 2007.

 

STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%">In order to hedge the foreign currency exposure on our acquisition bid for the LSE, we purchased foreign currency option contracts at the time of the bid,
which was the fourth quarter of 2006. The fair value of these contracts at December 31, 2006 was $71.7 million and the unrealized gain for the quarter ended December 31, 2006 was $48.4 million. In conjunction with the lapse of our final
offers for the LSE, we traded out of these

 


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foreign exchange contracts in February 2007. Due to the improved exchange rate of the dollar when compared to the pound sterling, we recorded a loss of
approximately $7.8 million on these foreign currency option contracts in 2007 results. The cumulative realized pre-tax gain on the foreign currency option contracts was approximately $40.6 million. These contracts were cash settled for $63.9
million.

 

See Note 16, “Fair Value of Financial
Instruments,” to the consolidated financial statements for further discussion.

 

SIZE="2">Gain on Sale of Strategic Initiatives

 

The
pre-tax gain on the sale of our strategic initiatives was $431.4 million for 2007. The gain represents the sale of our share capital of the LSE and is net of costs directly related to the sale of $18.0 million, primarily broker fees. See Note 7,
“Investments,” to the consolidated financial statements for further discussion.

 

FACE="Times New Roman" SIZE="2">Strategic Initiative Costs

 

SIZE="2">In connection with our strategic initiatives related to the LSE, including our acquisition bid, we incurred legal and advisory costs of $26.5 million for 2007. See “Investment in the LSE,” of Note 7, “Investments,” to
the consolidated financial statements for further discussion.

 

This excerpt taken from the NDAQ 8-K filed Feb 20, 2008.

Dividend income

Dividend income was $14.5 million in 2007 compared with $16.2 million in 2006. This represents ordinary dividends from our investment in the LSE.

This excerpt taken from the NDAQ 10-Q filed Nov 9, 2007.

Dividend Income

Dividend income was $14.5 million for the first nine months of 2007 as compared with $9.2 million for the same period in 2006. This represents ordinary dividends declared from our investment in the LSE.

This excerpt taken from the NDAQ 10-Q filed Aug 1, 2007.

Dividend Income

Dividend income was $14.5 million for the second quarter and first six months of 2007 as compared with $9.2 million for the same periods in 2006. This represents ordinary dividends declared from our investment in the LSE.

This excerpt taken from the NDAQ 10-K filed Feb 28, 2007.

Dividend Income

 

Dividend income was $16.2 million in 2006 and represents ordinary dividends from our investment in the LSE in the second and fourth quarters of 2006. In order to hedge our foreign currency exposure on our fourth quarter dividend receivable from the LSE, we entered into a foreign currency forward contract. See Note 16, “Fair Value of Financial Instruments,” to the consolidated financial statements for further discussion. We received the cash for the dividend declared in the fourth quarter of 2006 in January 2007.

 

This excerpt taken from the NDAQ 8-K filed Feb 13, 2007.

Dividend Income

Included in non-operating income in the fourth quarter and full year 2006 is dividend income of $7.0 million and $16.2 million, respectively, representing ordinary dividends declared by the London Stock Exchange during 2006.

This excerpt taken from the NDAQ 10-Q filed Nov 8, 2006.

Dividend Income

Dividend income was $9.2 million for the first nine months of 2006. Dividend income represents an ordinary dividend received from our investment in the LSE in the second quarter of 2006.

This excerpt taken from the NDAQ 10-Q filed Aug 8, 2006.

Dividend Income

 

Dividend income was $9.2 million for the second quarter and for the first six months of 2006. Dividend income represents an ordinary dividend received from our investment in the LSE.

 

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 25, 2008
8-K
Feb 20, 2008
10-Q
Nov 9, 2007
10-Q
Aug 1, 2007
10-K
Feb 28, 2007
8-K
Feb 13, 2007
10-Q
Nov 8, 2006
10-Q
Aug 8, 2006

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