Print Page      Close Window     

SEC Filings

10-Q
IHS MARKIT LTD. filed this Form 10-Q on 03/26/2019
Entire Document
 

 
As of February 28, 2019
 
As of November 30, 2018
 
Gross
 
Accumulated
Amortization
 
Net
 
Gross
 
Accumulated
Amortization
 
Net
Intangible assets subject to amortization:
 
 
 
 
 
 
 
 
 
 
 
Information databases
$
673.5

 
$
(346.5
)
 
$
327.0

 
$
671.0

 
$
(329.6
)
 
$
341.4

Customer relationships
3,504.3

 
(523.2
)
 
2,981.1

 
3,458.8

 
(473.3
)
 
2,985.5

Developed technology
942.2

 
(154.0
)
 
788.2

 
928.8

 
(133.1
)
 
795.7

Developed computer software
85.2

 
(65.4
)
 
19.8

 
85.0

 
(63.0
)
 
22.0

Trademarks
495.2

 
(168.3
)
 
326.9

 
493.8

 
(153.6
)
 
340.2

Other
1.1

 
(1.1
)
 

 
1.1

 
(1.1
)
 

Total intangible assets
$
5,701.5

 
$
(1,258.5
)
 
$
4,443.0

 
$
5,638.5

 
$
(1,153.7
)
 
$
4,484.8


Intangible assets amortization expense was $95.7 million for the three months ended February 28, 2019, compared to $89.0 million for the three months ended February 28, 2018. The following table presents the estimated future amortization expense related to intangible assets held as of February 28, 2019 (in millions):
Year
 
Amount
Remainder of 2019
 
$
282.6

2020
 
$
371.7

2021
 
$
365.9

2022
 
$
347.2

2023
 
$
336.5

Thereafter
 
$
2,739.1

Goodwill, gross intangible assets, and net intangible assets are all subject to foreign currency translation effects. The change in net intangible assets from November 30, 2018 to February 28, 2019 was due to current year amortization.

3.
Debt

The following table summarizes total indebtedness, including unamortized premiums, as of February 28, 2019 and November 30, 2018 (in millions):
 
 
February 28, 2019
 
November 30, 2018
2018 revolving facility
 
$
1,303.0

 
$
1,108.0

2018 term loan:
 
 
 
 
Tranche A-1
 
557.6

 
574.0

Tranche A-2
 
467.5

 
481.3

364-day credit agreement
 

 
250.0

5.00% senior notes due 2022
 
750.0

 
750.0

4.125% senior notes due 2023
 
498.7

 
498.6

4.75% senior notes due 2025
 
813.4

 
813.8

4.00% senior notes due 2026
 
500.0

 
500.0

4.75% senior notes due 2028
 
747.4

 
747.3

Debt issuance costs
 
(48.3
)
 
(51.2
)
Capital leases
 
7.0

 
7.3

Total debt
 
$
5,596.3

 
$
5,679.1

Current portion
 
(484.9
)
 
(789.9
)
Total long-term debt
 
$
5,111.4

 
$
4,889.2



12