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NDAQ » Topics » Pro forma adjustments

This excerpt taken from the NDAQ 8-K filed Aug 1, 2008.

Pro forma adjustments

a) To adjust the book value of PHLX assets to their estimated fair value and record amortization expense on PHLX intangible assets. The preliminary allocations are as follows (in millions):

 

     Value    Estimated
Average
Remaining
Useful Life
(in Years)		    Estimated Annual
Depreciation and
Amortization
Expense for 2007		    Estimated
Three Month
Depreciation and
Amortization
Expense for 2008

Intangible assets:

            

Exchange and futures registrations

    $ 198.5    Indefinite      #      #

Customer relationships

      119.5    19-23 years    $ 5.7    $ 1.4

Technology

      10.6    1-3 years      5.3      1.4

Trade name

      6.4    Indefinite      #      #
                       

Total depreciation and amortization expense

          $ 11.0    $ 2.8
                   

Total intangible assets

    $ 335.0         
               

 

# Not Applicable
This excerpt taken from the NDAQ 8-K filed May 2, 2008.

Note 5. Pro Forma Adjustments

(a) To adjust the book value of OMX assets to their estimated fair value. The preliminary allocations are as follows (in millions):

 

      Increase in
Value		    

Estimated Average
Remaining

Useful Life

    Estimated Annual
Depreciation and
Amortization Expense
for 2007		  

Equity method investment

    $ 74.7 (i)     

Value

        

Intangible assets:

        

Exchange registrations

      1,143.7     Indefinite      #  

Trade name

      202.8     Indefinite      #  

Customer relationships:

        

Issuer/Market Services

      424.1     22-28 years    $ 16.9  

Market Technology

      165.3     21-25 years      7.2  

Total customer relationships

      589.4       

Market technology:

        

Developed

      67.4     3 years      22.5  

New

      38.1     10 years      —   (1)

Total market technology

      105.5               

Total intangible assets

      2,041.4 (ii)     

Total depreciation and amortization expense

         $ 46.6  

Total assets

    $ 2,116.1 (i)+(ii)     

#—Not Applicable

 

(1)

The new technology asset is not in production, therefore we have not recorded amortization expense related to this intangible asset.

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

Pro forma adjustments

To adjust the book value of PHLX assets to their estimated fair value. The preliminary allocations are as follows (dollars in millions):

 

      Value    Estimated
average
remaining
useful life		    Estimated annual
depreciation and
amortization
expense for 2006		   

Estimated

nine month

depreciation and
amortization
expense for
2006 and 2007

                           

Intangible assets:

            

Exchange registrations

    $ 199.9    Indefinite      #      #

Trade name

      6.1    Indefinite      #      #

Customer relationships

      94.7    19-24 years    $ 4.4    $ 3.3

Technology

      33.0    10 years      3.3      2.5
                       

Total depreciation and amortization expense

          $ 7.7    $ 5.8
            

Total intangible assets

    $ 333.7         
                           

 

#   Not Applicable.
This excerpt taken from the NDAQ 8-K filed Jan 27, 2006.

Note 6. Pro Forma Adjustments

 

At the date of acquisition, Nasdaq only recorded Balance Sheet activity for Norway as Norway did not have any historical Income Statement activity.

 

EXCERPTS ON THIS PAGE:

8-K
Aug 1, 2008
8-K
May 2, 2008
8-K
Feb 20, 2008
8-K
Jan 27, 2006

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