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SEC Filings

10-K
IHS MARKIT LTD. filed this Form 10-K on 01/18/2019
Entire Document
 

IHS MARKIT LTD.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except for per-share amounts)
 
 
Year ended November 30,
 
 
2018
 
2017
 
2016
Revenue
 
$
4,009.2

 
$
3,599.7

 
$
2,734.8

Operating expenses:
 
 
 
 
 
 
Cost of revenue
 
1,495.7

 
1,348.4

 
1,037.7

Selling, general and administrative
 
1,192.8

 
1,096.0

 
907.1

Depreciation and amortization
 
541.2

 
492.5

 
335.7

Restructuring charges
 
1.7

 

 
22.8

Acquisition-related costs
 
134.8

 
113.0

 
161.2

Net periodic pension and postretirement expense (income)
 
(5.6
)
 
6.9

 
10.0

Other expense (income), net
 
1.7

 
18.7

 
(0.1
)
Total operating expenses
 
3,362.3

 
3,075.5

 
2,474.4

Operating income
 
646.9

 
524.2

 
260.4

Interest income
 
3.1

 
2.2

 
1.3

Interest expense
 
(225.7
)
 
(154.3
)
 
(119.4
)
Non-operating expense, net
 
(222.6
)
 
(152.1
)
 
(118.1
)
Income from continuing operations before income taxes and equity in loss of equity method investee
 
424.3

 
372.1

 
142.3

Benefit for income taxes
 
115.4

 
49.9

 
5.1

Equity in loss of equity method investee
 
(0.5
)
 
(5.0
)
 
(4.5
)
Income from continuing operations
 
539.2

 
417.0

 
142.9

Income from discontinued operations, net
 

 

 
9.2

Net income
 
$
539.2

 
$
417.0

 
$
152.1

Net loss (income) attributable to noncontrolling interest
 
3.1

 
(0.1
)
 
0.7

Net income attributable to IHS Markit Ltd.
 
$
542.3

 
$
416.9

 
152.8


 
 
 
 
 
 
Basic earnings per share:
 
 
 
 
 
 
Income from continuing operations attributable to IHS Markit Ltd.
 
$
1.38

 
$
1.04

 
$
0.46

Income from discontinued operations, net
 

 

 
0.03

Net income attributable to IHS Markit Ltd.
 
$
1.38

 
$
1.04

 
$
0.49

Weighted average shares used in computing basic earnings per share
 
394.4

 
400.3

 
309.2


 
 
 
 
 
 
Diluted earnings per share:
 
 
 
 
 
 
Income from continuing operations attributable to IHS Markit Ltd.
 
$
1.33

 
$
1.00

 
$
0.45

Income from discontinued operations, net
 

 

 
0.03

Net income attributable to IHS Markit Ltd.
 
$
1.33

 
$
1.00

 
$
0.48

Weighted average shares used in computing diluted earnings per share
 
406.9

 
416.2

 
316.3


See accompanying notes.





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