Exhibit 99.1
IHS MARKIT LTD.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except for per-share amounts)
(Unaudited)
|
| | | | | | | | | | | | | | | |
| | Three months ended August 31, | | Nine months ended August 31, |
| | 2016 | | 2015 | | 2016 | | 2015 |
| Revenue | $ | 724.6 |
| | $ | 557.9 |
| | $ | 1,861.0 |
| | $ | 1,628.6 |
|
| Operating expenses: | | | | | | | |
| Cost of revenue | 269.1 |
| | 209.2 |
| | 692.2 |
| | 624.3 |
|
| Selling, general and administrative | 267.6 |
| | 200.1 |
| | 661.1 |
| | 589.2 |
|
| Depreciation and amortization | 91.7 |
| | 54.8 |
| | 216.5 |
| | 159.5 |
|
| Restructuring charges | 10.6 |
| | 1.9 |
| | 23.9 |
| | 22.0 |
|
| Acquisition-related costs | 104.5 |
| | 0.1 |
| | 119.9 |
| | 0.6 |
|
| Net periodic pension and postretirement expense | 0.6 |
| | 0.6 |
| | 1.2 |
| | 1.5 |
|
| Other expense (income), net | (2.8 | ) | | 0.2 |
| | (2.0 | ) | | 1.3 |
|
| Total operating expenses | 741.3 |
| | 466.9 |
| | 1,712.8 |
| | 1,398.4 |
|
| Operating income (loss) | (16.7 | ) | | 91.0 |
| | 148.2 |
| | 230.2 |
|
| Interest income | 0.3 |
| | 0.3 |
| | 0.9 |
| | 0.6 |
|
| Interest expense | (36.5 | ) | | (18.2 | ) | | (92.0 | ) | | (52.6 | ) |
| Non-operating expense, net | (36.2 | ) | | (17.9 | ) | | (91.1 | ) | | (52.0 | ) |
| Income (loss) from continuing operations before income taxes and equity in earnings of equity method investee | (52.9 | ) | | 73.1 |
| | 57.1 |
| | 178.2 |
|
| Provision for income taxes | 23.1 |
| | (16.3 | ) | | (0.7 | ) | | (36.7 | ) |
| Equity in earnings of equity method investee | (1.2 | ) | | — |
| | (1.2 | ) | | — |
|
| Income (loss) from continuing operations | (31.0 | ) | | 56.8 |
| | 55.2 |
| | 141.5 |
|
| Income (loss) from discontinued operations, net | (1.0 | ) | | 2.3 |
| | 8.0 |
| | 8.1 |
|
| Net income (loss) | (32.0 | ) | | 59.1 |
| | 63.2 |
| | 149.6 |
|
| Net loss attributable to noncontrolling interest | 0.3 |
| | — |
| | 0.3 |
| | — |
|
| Net income (loss) attributable to IHS Markit Ltd. | $ | (31.7 | ) | | $ | 59.1 |
| | $ | 63.5 |
| | $ | 149.6 |
|
| | | | | | | |
| Basic earnings per share: | | | | | | | |
| Income (loss) from continuing operations attributable to IHS Markit Ltd. | $ | (0.09 | ) | | $ | 0.23 |
| | $ | 0.20 |
| | $ | 0.58 |
|
| Income (loss) from discontinued operations, net | — |
| | 0.01 |
| | 0.03 |
| | 0.03 |
|
| Net income (loss) attributable to IHS Markit Ltd. | $ | (0.09 | ) | | $ | 0.24 |
| | $ | 0.23 |
| | $ | 0.61 |
|
| Weighted average shares used in computing basic earnings per share | 340.1 |
| | 243.1 |
| | 273.5 |
| | 244.1 |
|
| | | | | | | |
| Diluted earnings per share: | | | | | | | |
| Income (loss) from continuing operations attributable to IHS Markit Ltd. | $ | (0.09 | ) | | $ | 0.23 |
| | $ | 0.20 |
| | $ | 0.58 |
|
| Income (loss) from discontinued operations, net | — |
| | 0.01 |
| | 0.03 |
| | 0.03 |
|
| Net income (loss) attributable to IHS Markit Ltd. | $ | (0.09 | ) | | $ | 0.24 |
| | $ | 0.23 |
| | $ | 0.61 |
|
| Weighted average shares used in computing diluted earnings per share | 340.1 |
| | 244.8 |
| | 277.5 |
| | 246.0 |
|
