Attached files

file filename
8-K - FORM 8-K - NYSE Euronexty83485e8vk.htm
EX-99.1 - EX-99.1 - NYSE Euronexty83485exv99w1.htm
EX-99.3 - EX-99.3 - NYSE Euronexty83485exv99w3.htm
EX-99.5 - EX-99.5 - NYSE Euronexty83485exv99w5.htm
EX-99.6 - EX-99.6 - NYSE Euronexty83485exv99w6.htm
EX-99.4 - EX-99.4 - NYSE Euronexty83485exv99w4.htm
Exhibit 99.2
                                         
    Derivatives          
    Quarterly 2009 Data          
 
    Three Months Ended          
$ in millions   March 31     June 30     September 30     December 31     Total  
Revenues
                                       
Transaction and Clearing Fees
  $ 182     $ 202     $ 221     $ 240     $ 845  
Market Data
    11       10       10       11       42  
Listing
                             
Technology Services
                             
Other Revenue
    5       7       10       9       31  
 
                             
Total Revenue
    198       219       241       260       918  
 
                                       
Transaction-based Expenses:
                                       
Section 31 Fees
                             
Liquidity Payments, Routing & Clearing
    42       50       43       60       195  
 
                             
 
                                       
Total Revenue, Less Transaction-based Expenses
    156       169       198       200       723  
 
                                       
Merger Expenses & Exit Costs (M&E)
    6       371       (5 )     10       382  
Other Operating Expenses
    92       96       94       99       381  
 
                             
Operating Income — GAAP
  $ 58     $ (298 )   $ 109     $ 91     $ (40 )
 
                             
Operating Income — Excluding M&E
  $ 64     $ 73     $ 104     $ 101     $ 342  
 
                             
Operating Margin — Excluding M&E
    41 %     43 %     53 %     51 %     47 %
Certain items in the table above have been reclassified to conform to the anticipated presentation in our 2010 results of operations. To supplement NYSE Euronext’s 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, exit costs and other special items and (ii) improve overall understanding of NYSE Euronext’s 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 filing.