📋 Tender Overview
Intercontinental Exchange a leading operator of global exchanges and clearing houses and provider of data and listing services today reported financial results for the fourth quarter and full year of 2019. For the quarter ended December 31 2019 consolidated net income attributable to ICE was 448 million on 1.3 billion of consolidated revenues less transaction-based expenses. Fourth quarter GAAP diluted earnings per share EPS were 0.80. Adjusted net income attributable to ICE was 534 million in the fourth quarter and adjusted diluted EPS were 0.95.For the full year of 2019 consolidated net income attributable to ICE was 1.9 billion on 5.2 billion of consolidated revenues less transaction-based expenses. Full year 2019 GAAP diluted EPS were 3.42. On an adjusted basis net income attributable to ICE for the year was 2.2 billion and adjusted diluted EPS were 3.88 up 8 year-over-year.Please refer to the reconciliation of non-GAAP financial measures included in this press release for more information on our adjusted operating expenses adjusted operating income adjusted operating margin adjusted net income adjusted diluted EPS and free cash flow.Scott A. Hill ICE Chief Financial Officer added In 2019 we generated record revenues record operating income and record cash flows. This performance enabled us to return more capital to shareholders than any year in our history while also investing in future growth. As we enter 2020 our commitment to prudent allocation of capital disciplined investment and continued growth has never been stronger.Fourth quarter consolidated net revenues were 1.3 billion. Data and listings revenues in the fourth quarter were 672 million and trading and clearing net revenues were 626 million. Consolidated operating expenses were 676 million for the fourth quarter of 2019. On an adjusted basis consolidated operating expenses were 570 million. Consolidated operating income for the fourth quarter was 622 million and the operating margin was 48. On an adjusted basis consolidated operating income for the fourth quarter was 728 million and the adjusted operating margin was 56.Full year 2019 consolidated net revenues were 5.2 billion up 4 year-over-year. Full year 2019 data and listings revenues were 2.7 billion and trading and clearing net revenues were 2.5 billion up 4 and up 5 year-over-year respectively. Consolidated operating expenses were 2.5 billion for 2019. On an adjusted basis consolidated operating expenses were 2.2 billion. Consolidated operating income for the year was 2.7 billion and the operating margin was 51. On an adjusted basis consolidated operating income for the year was 3.0 billion and the adjusted operating margin was 58.
