This excerpt taken from the NYX 8-K filed Feb 11, 2009.
Replay Dial-in Information:
United States: 888.286.8010
The results of operations of Euronext N.V. for the three months ended Dec. 31, 2008 are reported under U.S. GAAP under the caption European Operations in the accompanying tables. Questions regarding Euronext N.V.s results should be directed to Investor Relations (contact details provided below).
Note: NYSE Euronext net revenues (defined as total revenues less direct transaction costs comprised of Section 31 fees, liquidity payments, and routing and clearing fees) from its primary business activities are represented below as a percentage of total net revenues for the fourth quarter:
To supplement NYSE Euronexts consolidated financial statements prepared in accordance with GAAP and to better reflect period-over-period comparisons, NYSE Euronext uses non-GAAP financial measures of performance, financial position, or cash flows that either exclude or include amounts that are not normally excluded or included in the most directly comparable measure, calculated and presented in accordance with GAAP. Non-GAAP financial measures do not replace and are not superior to the presentation of GAAP financial results, but are provided to (i) present the effects of certain merger expenses and exit costs, impairment charges and other non-recurring items, and (ii) improve overall understanding of NYSE Euronexts current financial performance and its prospects for the future. Specifically, NYSE Euronext believes the non-GAAP financial results provide useful information to both management and investors regarding certain additional financial and business trends relating to financial condition and operating results. In addition, management uses these measures for reviewing financial results and evaluating financial performance. The non-GAAP adjustments for all periods presented are based upon information and assumptions available as of the date of this release.