Spreadsheet: 8760a3f5-12b4-4e52-b039-25b1f41c9a9b
Sheet: Income Statement

The NASDAQ OMX Group, Inc.
Consolidated Statements of Income
(in millions, except per share amounts)
(unaudited)
 |  | Three Months Ended |  |  |  |  |  | Year Ended
 |  | December 31, |  | September 30, |  | December 31, |  | December 31, |  | December 31,
 |  | 2009 |  | 2009 |  | 2008 |  | 2009 |  | 2008
Revenues
Market Services revenues |  | 686 |  | 691 |  | 901 |  | 2929 |  | 3176
Cost of revenues:
Liquidity rebates |  | -308 |  | -329 |  | -528 |  | -1475 |  | -1744
Brokerage, clearance and exchange fees |  | -138 |  | -132 |  | -94 |  | -481 |  | -446
Total cost of revenues |  | -446 |  | -461 |  | -622 |  | -1956 |  | -2190
Total Market Services revenues less liquidity rebates,
brokerage, clearance and exchange fees |  | 240 |  | 230 |  | 279 |  | 973 |  | 986
Issuer Services revenues |  | 82 |  | 81 |  | 85 |  | 324 |  | 343
Market Technology revenues |  | 44 |  | 36 |  | 35 |  | 145 |  | 119
Other revenues |  | 3 |  | 2 |  | 4 |  | 11 |  | 12
Total revenues less liquidity rebates, brokerage,
clearance and exchange fees |  | 369 |  | 349 |  | 403 |  | 1453 |  | 1460
Operating Expenses
Compensation and benefits |  | 110 |  | 99 |  | 106 |  | 412 |  | 401
Marketing and advertising |  | 7 |  | 3 |  | 6 |  | 15 |  | 19
Depreciation and amortization |  | 27 |  | 27 |  | 27 |  | 104 |  | 93
Professional and contract services |  | 20 |  | 20 |  | 19 |  | 76 |  | 72
Computer operations and data communications |  | 16 |  | 14 |  | 13 |  | 58 |  | 54
Occupancy |  | 26 |  | 19 |  | 17 |  | 81 |  | 65
Regulatory |  | 3 |  | 10 |  | 7 |  | 32 |  | 29
Merger expenses |  | 0 |  | 5 |  | 10 |  | 17 |  | 25
General, administrative and other |  | 11 |  | 21 |  | 18 |  | 55 |  | 62
Total operating expenses |  | 220 |  | 218 |  | 223 |  | 850 |  | 820
Operating income |  | 149 |  | 131 |  | 180 |  | 603 |  | 640
Interest income |  | 3 |  | 3 |  | 7 |  | 13 |  | 35
Interest expense |  | -25 |  | -26 |  | -35 |  | -102 |  | -97
Dividend and investment income |  | 0 |  | 1 |  | 3 |  | 2 |  | 8
Loss on sale of investment security |  | 0 |  | 0 |  | 0 |  | -5 |  | 0
Gain on sales of businesses |  | 12 |  | 0 |  | 0 |  | 12 |  | 0
Income (loss) from unconsolidated investees, net |  | -87 |  | 0 |  | 0 |  | -107 |  | 27
Debt conversion expense |  | 0 |  | -25 |  | 0 |  | -25 |  | 0
Asset impairment charges |  | 0 |  | 0 |  | -35 |  | 0 |  | -42
Loss on foreign currency contracts, net |  | 0 |  | 0 |  | -47 |  | 0 |  | -58
Income before income taxes |  | 52 |  | 84 |  | 73 |  | 391 |  | 513
Income tax provision |  | 10 |  | 25 |  | 38 |  | 128 |  | 198
Net income |  | 42 |  | 59 |  | 35 |  | 263 |  | 315
Net (income) loss attributable to noncontrolling interests |  | 1 |  | 1 |  | 0 |  | 3 |  | -1
Net income attributable to NASDAQ OMX |  | 43 |  | 60 |  | 35 |  | 266 |  | 314
Basic and diluted earnings per share:
Basic earnings per share |  | 0.2 |  | 0.3 |  | 0.17 |  | 1.3 |  | 1.65
Diluted earnings per share |  | 0.2 |  | 0.28 |  | 0.17 |  | 1.25 |  | 1.55
Weighted-average common shares outstanding
for earnings per share:
Basic |  | 211 |  | 203 |  | 201 |  | 205 |  | 190
Diluted |  | 215 |  | 215 |  | 214 |  | 215 |  | 205