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SEC Filings

10-Q
IHS MARKIT LTD. filed this Form 10-Q on 06/26/2018
Entire Document
 

 
As of May 31, 2018
 
As of November 30, 2017
 
Gross
 
Accumulated
Amortization
 
Net
 
Gross
 
Accumulated
Amortization
 
Net
Intangible assets subject to amortization:
 
 
 
 
 
 
 
 
 
 
 
Information databases
$
749.1

 
$
(370.9
)
 
$
378.2

 
$
753.7

 
$
(340.2
)
 
$
413.5

Customer relationships
2,609.1

 
(393.3
)
 
2,215.8

 
2,957.8

 
(348.6
)
 
2,609.2

Developed technology
655.4

 
(80.3
)
 
575.1

 
827.6

 
(73.4
)
 
754.2

Developed computer software
85.4

 
(58.8
)
 
26.6

 
85.6

 
(54.3
)
 
31.3

Trademarks
481.3

 
(132.5
)
 
348.8

 
488.9

 
(111.4
)
 
377.5

Other
7.8

 
(7.5
)
 
0.3

 
8.3

 
(5.7
)
 
2.6

Total intangible assets
$
4,588.1

 
$
(1,043.3
)
 
$
3,544.8

 
$
5,121.9

 
$
(933.6
)
 
$
4,188.3


Intangible assets amortization expense was $88.6 million and $177.6 million for the three and six months ended May 31, 2018, respectively, compared to $83.7 million and $168.4 million for the three and six months ended May 31, 2017. The following table presents the estimated future amortization expense related to intangible assets held as of May 31, 2018 (in millions):
Year
 
Amount
Remainder of 2018
 
$
157.7

2019
 
$
293.7

2020
 
$
286.4

2021
 
$
281.0

2022
 
$
262.1

Thereafter
 
$
2,263.9

Goodwill, gross intangible assets, and net intangible assets were all subject to foreign currency translation effects. The change in net intangible assets from November 30, 2017 to May 31, 2018 was primarily due to current year amortization and the reclassification of MarkitSERV intangible assets to assets held for sale.


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