XML 82 R28.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited) Quarterly Financial Data (Unaudited)
The following table has been prepared from our financial records and reflects all adjustments that are necessary for a fair presentation of the results of operations for the interim periods presented (in millions, except per share amounts):
 
1st Qtr
 
2nd Qtr
 
3rd Qtr
 
4th Qtr
Year Ended December 31, 2019
 
 
 
 
 
 
 
Revenues, less transaction-based expenses
$
1,270

 
$
1,298

 
$
1,336

 
$
1,298

Operating income
665

 
680

 
706

 
622

Net income attributable to Intercontinental Exchange, Inc.
484

 
472

 
529

 
448

Earnings per common share: (a)
 
 
 
 
 
 
 
Basic
$
0.85

 
$
0.84

 
$
0.95

 
$
0.81

Diluted
$
0.85

 
$
0.84

 
$
0.94

 
$
0.80

 
 
 
 
 
 
 
 
Year Ended December 31, 2018
 
 
 
 
 
 
 
Revenues, less transaction-based expenses
$
1,225

 
$
1,246

 
$
1,200

 
$
1,308

Operating income
650

 
655

 
602

 
676

Net income attributable to Intercontinental Exchange, Inc.(b)
464

 
455

 
458

 
611

Earnings per common share: (a)
 
 
 
 
 
 
 
Basic
$
0.80

 
$
0.79

 
$
0.80

 
$
1.07

Diluted
$
0.79

 
$
0.78

 
$
0.79

 
$
1.07


(a)
The annual earnings per common share may not equal the sum of the individual quarter’s earnings per common share due to rounding.
(b) We recognized a $110 million gain on our acquisition of MERS in other income for the three months ended December 31, 2018 (Note 3).