NDAQ » Topics » Purchased Intangible Assets

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

Purchased Intangible Assets

 

The following table presents details of our total purchased intangible assets, both finite and indefinite lived:

 

     December 31, 2007    December 31, 2006
     Gross
Carrying
Amount
   Accumulated
Amortization
    Net
Intangible
Assets
   Gross
Carrying
Amount
   Accumulated
Amortization
    Net
Intangible
Assets
     (in thousands)

Technology

   $ 29,409    $ (20,682 )   $ 8,727    $ 28,659    $ (18,108 )   $ 10,551

Customer relationships

     206,410      (37,076 )     169,334      205,500      (20,972 )     184,528

Other(1)

     5,640      (2,089 )     3,551      5,640      (1,100 )     4,540
                                           

Total

   $ 241,459    $ (59,847 )   $ 181,612    $ 239,799    $ (40,180 )   $ 199,619
                                           

 

(1)

Includes a $2.4 million trade name which we determined to have an indefinite estimated useful life.

 

F-19


Table of Contents

The Nasdaq Stock Market, Inc.

 

Notes to Consolidated Financial Statements—(Continued)

 

Amortization expense for purchased intangible assets was $19.7 million for the year ended December 31, 2007, $31.2 million for the year ended December 31, 2006 and $7.5 million for the year ended December 31, 2005. The decrease in amortization expense in 2007 compared with 2006 was primarily due to a change in the estimated useful life of technology assets in December 2005 as a result of our acquisition of INET and migration to a single trading platform. These assets were fully amortized in 2006. The increase in amortization expense in 2006 compared with 2005 was primarily due to intangible amortization expense on identifiable intangible assets purchased in connection with the INET acquisition, as 2006 includes a full year of amortization expense compared with less than one month in 2005.

 

The estimated future amortization expense of purchased intangible assets as of December 31, 2007 is as follows:

 

     (in thousands)

2008

   $ 19,595

2009

     19,553

2010

     19,263

2011

     17,030

2012 and thereafter

     103,771
      

Total

   $ 179,212
      

 

Purchased Intangible Assets

STYLE="margin-top:0px;margin-bottom:-6px"> 

The following table presents details of our total purchased intangible
assets, both finite and indefinite lived:

 
























































































































































































   December 31, 2007  December 31, 2006
   Gross
Carrying
Amount
  Accumulated
Amortization
  Net
Intangible
Assets
  Gross
Carrying
Amount
  Accumulated
Amortization
  Net
Intangible
Assets
   (in thousands)

Technology

  $29,409  $(20,682) $8,727  $28,659  $(18,108) $10,551

Customer relationships

   206,410   (37,076)  169,334   205,500   (20,972)  184,528

Other(1)

   5,640   (2,089)  3,551   5,640   (1,100)  4,540
                        

Total

  $241,459  $(59,847) $181,612  $239,799  $(40,180) $199,619
                        

 





(1)

Includes a $2.4 million trade name which we determined to have an indefinite
estimated useful life.

 


F-19







Table of Contents



The Nasdaq Stock Market, Inc.

SIZE="1"> 

Notes to Consolidated Financial Statements—(Continued)

STYLE="margin-top:0px;margin-bottom:0px"> 


Amortization expense for purchased intangible assets was $19.7 million for the year ended
December 31, 2007, $31.2 million for the year ended December 31, 2006 and $7.5 million for the year ended December 31, 2005. The decrease in amortization expense in 2007 compared with 2006 was primarily due to a change in the
estimated useful life of technology assets in December 2005 as a result of our acquisition of INET and migration to a single trading platform. These assets were fully amortized in 2006. The increase in amortization expense in 2006 compared with 2005
was primarily due to intangible amortization expense on identifiable intangible assets purchased in connection with the INET acquisition, as 2006 includes a full year of amortization expense compared with less than one month in 2005.

STYLE="margin-top:0px;margin-bottom:0px"> 

The estimated future amortization expense of purchased intangible assets as
of December 31, 2007 is as follows:

 





















































   (in thousands)

2008

  $19,595

2009

   19,553

2010

   19,263

2011

   17,030

2012 and thereafter

   103,771
    

Total

  $179,212
    

 

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

Purchased Intangible Assets

The following table presents details of our total purchased intangible assets, both finite and indefinite lived:

 

     September 30, 2007    December 31, 2006
  

Gross
Carrying

Amount

  

Accumulated

Amortization

   

Net

Intangible

Assets

  

Gross

Carrying

Amount

  

Accumulated

Amortization

   

Net

Intangible

Assets

     (in thousands)

Technology

   $ 29,409    $ (20,017 )   $ 9,392    $ 28,659    $ (18,108 )   $ 10,551

Customer relationships

     206,410      (32,955 )     173,455      205,500      (20,972 )     184,528

Other(1)

     5,640      (1,976 )     3,664      5,640      (1,100 )     4,540
                                           

Total

   $ 241,459    $ (54,948 )   $ 186,511    $ 239,799    $ (40,180 )   $ 199,619
                                           

(1)

Includes a $2.4 million trade name which we determined to have an indefinite estimated useful life.

Amortization expense for purchased intangible assets was $5.0 million for the three months ended September 30, 2007 and $14.8 million for the nine months ended September 30, 2007 compared to $7.8 million for the three months ended September 30, 2006 and $26.2 million for the nine months ended September 30, 2006. The decrease in amortization expense in 2007 is primarily due to a change in the estimated useful life of technology assets in December 2005 as a result of our acquisition of INET and migration to a single trading platform. These assets were fully amortized in the third quarter of 2006.

 

8


Table of Contents

The estimated amortization expense of purchased intangible assets, assuming no change in depreciable life, as of September 30, 2007 is as follows:

 

     (in thousands)

2007

   $ 4,899

2008

     19,595

2009

     19,553

2010

     19,263

2011

     17,030

2012 and thereafter

     103,771
      

Total

   $ 184,111
      
This excerpt taken from the NDAQ 10-Q filed Aug 1, 2007.

Purchased Intangible Assets

The following table presents details of our total purchased intangible assets, both finite and indefinite lived:

 

     June 30, 2007    December 31, 2006
    

Gross
Carrying

Amount

  

Accumulated

Amortization

   

Net

Intangible

Assets

  

Gross

Carrying

Amount

  

Accumulated

Amortization

   

Net

Intangible

Assets

     (in thousands)

Technology

   $ 28,659    $ (19,353 )   $ 9,306    $ 28,659    $ (18,108 )   $ 10,551

Customer relationships

     205,500      (28,834 )     176,666      205,500      (20,972 )     184,528

Other(1)

     5,640      (1,818 )     3,822      5,640      (1,100 )     4,540
                                           

Total

   $ 239,799    $ (50,005 )   $ 189,794    $ 239,799    $ (40,180 )   $ 199,619
                                           

(1)

Includes a $2.4 million trade name which we determined to have an indefinite estimated useful life.

Amortization expense for purchased intangible assets was $4.9 million for the three months ended June 30, 2007 and $9.8 million for the six months ended June 30, 2007 compared to $9.2 million for the three months ended June 30, 2006 and $18.4 million for the six months ended June 30, 2006. The decrease in expense in 2007 is primarily due to a change in the estimated useful life of technology assets in December 2005 as a result of our acquisition of INET and migration to a single trading platform. These assets were fully amortized in the third quarter of 2006.

The estimated amortization expense of purchased intangible assets, assuming no change in depreciable life, as of June 30, 2007 is as follows:

 

     (in thousands)

2007

   $ 9,736

2008

     19,383

2009

     19,341

2010

     19,050

2011

     16,818

2012 and thereafter

     103,066
      

Total

   $ 187,394
      
This excerpt taken from the NDAQ 10-Q filed May 9, 2007.

Purchased Intangible Assets

The following table presents details of our total purchased intangible assets, both finite and indefinite lived:

 

     March 31, 2007    December 31, 2006
     Gross
Carrying
Amount
   Accumulated
Amortization
    Net
Intangible
Assets
   Gross
Carrying
Amount
   Accumulated
Amortization
    Net
Intangible
Assets
     (in thousands)

Technology

   $ 28,659    $ (18,804 )   $ 9,855    $ 28,659    $ (18,108 )   $ 10,551

Customer relationships

     205,500      (25,046 )     180,454      205,500      (20,972 )     184,528

Other

     5,640      (1,243 )     4,397      5,640      (1,100 )     4,540
                                           

Total

   $ 239,799    $ (45,093 )   $ 194,706    $ 239,799    $ (40,180 )   $ 199,619
                                           

Amortization expense for purchased intangible assets was $4.9 million for the three months ended March 31, 2007 and $9.2 million for the three months ended March 31, 2006.

The estimated future amortization expense of purchased intangible assets as of March 31, 2007 is as follows:

 

     (in thousands)

2007

   $ 14,648

2008

     19,383

2009

     19,341

2010

     19,050

2011

     16,818

2012 and thereafter

     103,066
      

Total

   $ 192,306
      
This excerpt taken from the NDAQ 10-K filed Feb 28, 2007.

Purchased Intangible Assets

 

The following table presents details of our total purchased intangible assets, both finite and indefinite lived:

 

     December 31, 2006    December 31, 2005
     Gross
Carrying
Amount
   Accumulated
Amortization
    Net
Intangible
Assets
   Gross
Carrying
Amount
   Accumulated
Amortization
    Net
Intangible
Assets
     (in thousands)

Technology

   $ 28,659    $ (18,108 )   $ 10,551    $ 26,100    $ (4,108 )   $ 21,992

Customer relationships

     205,500      (20,972 )     184,528      196,400      (4,775 )     191,625

Other

     5,640      (1,100 )     4,540      1,970      (109 )     1,861
                                           

Total

   $ 239,799    $ (40,180 )   $ 199,619    $ 224,470    $ (8,992 )   $ 215,478
                                           

 

Amortization expense for purchased intangible assets was $31.2 million for the year ended December 31, 2006, $7.5 million for the year ended December 31, 2005 and $1.7 million for the year ended December 31, 2004.

 

The estimated future amortization expense of purchased intangible assets as of December 31, 2006 is as follows:

 

     (in thousands)

2007

   $ 19,561

2008

     19,383

2009

     19,341

2010

     19,050

2011 and thereafter

     119,884
      

Total

   $ 197,219
      

 

F-19


Table of Contents

The Nasdaq Stock Market, Inc.

 

Notes to Consolidated Financial Statements—(Continued)

 

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki