01—Abstract
Summary
Summary of the 10-K/A filed March 20, 2025. Cited figures are marked; the original filing is the authoritative source.
This filing represents an Amendment (10-K/A) to Intercontinental Exchange, Inc.'s (ICE) 2024 Annual Report, filed on March 19, 2025, with the period ending December 30, 2024.
This amendment primarily serves to include or reference exhibits and financial statements, rather than introducing new material financial or operational information. The core financial statements for the year ended December 31, 2024, were previously filed on February 6, 2025. Investors should note the inclusion of consolidated financial statements for Bakkt Holdings, Inc. as an exhibit, which may be relevant for understanding ICE's consolidated financial position and performance, particularly for those holding or considering ICE's investment.
The bulk of this filing consists of an extensive index of exhibits, many of which are incorporated by reference from previous filings. These exhibits cover a wide range of corporate documents including organizational documents, indentures for various senior notes, credit agreements, employment agreements, incentive plans, and policies.
While these documents provide comprehensive detail on ICE's corporate structure and debt instruments, they do not present updated financial performance figures for ICE itself within this specific amendment. Investors seeking detailed financial performance analysis for 2024 should refer to the initial 10-K filing.
02—Key points
Key Highlights
- This filing is an amendment (10-K/A) to the previously filed 2024 Annual Report, primarily containing exhibits and references to financial statements.
- The consolidated financial statements for the year ended December 31, 2024, were filed in the original 10-K on February 6, 2025.
- Includes consolidated financial statements for Bakkt Holdings, Inc. as an exhibit (Exhibit 99.1), which are part of ICE's consolidated reporting.
- Contains a comprehensive index of numerous exhibits, many incorporated by reference from prior filings, detailing corporate structure, debt, and executive agreements.
- Highlights the filing of certifications from the CEO and CFO (Exhibits 31.1, 31.2) and Section 1350 certifications (Exhibits 32.1, 32.2), affirming the accuracy of the financial reporting.
- Lists various credit agreements and indentures, providing insight into ICE's debt structure and financing arrangements.
03—One dollar
04—Financials
Financial Highlights
Figures from 10-K/AFY2024filed March 20, 2025Financial Statements
FY2024 against FY2023
| Line item | FY2024FY2023 | Change |
|---|---|---|
| Revenue | $11.76B$9.90B | +18.8% |
| SG&A Expenses | $307.00M$266.00M | +15.4% |
| Operating Expenses | $4.97B$4.29B | +15.7% |
| Operating Income | $4.31B$3.69B | +16.6% |
| Net Income | $2.75B$2.37B | +16.3% |
| EPS (Basic) | $4.80$4.20 | +14.3% |
| EPS (Diluted) | $4.78$4.19 | +14.1% |
| Shares Outstanding (Basic) | 573.00M564.00M | +1.6% |
| Shares Outstanding (Diluted) | 576.00M565.00M | +1.9% |
05—Questions
Frequently Asked Questions
What is the primary purpose of this 10-K/A filing?
This filing (10-K/A) is an amendment to Intercontinental Exchange's (ICE) 2024 Annual Report. Its main purpose is to provide or incorporate by reference various exhibits, including the consolidated financial statements of Bakkt Holdings, Inc., and other supporting corporate documents. It does not contain new primary financial performance data for ICE itself, which was presented in the initial 10-K filing.
Where can I find the financial performance data for ICE for the year ended December 31, 2024?
The detailed financial performance data for Intercontinental Exchange, Inc. for the year ended December 31, 2024, is available in the company's original Form 10-K filing, which was filed on February 6, 2025.
What is the significance of Exhibit 99.1, the Bakkt Holdings, Inc. financial statements?
Exhibit 99.1 includes the consolidated financial statements for Bakkt Holdings, Inc. for the year ended December 31, 2024. As Bakkt Holdings, Inc. is a consolidated entity of ICE, these statements are an integral part of understanding ICE's overall financial position and results of operations. Investors should review these statements to assess the contribution and performance of the Bakkt segment.
Does this amendment introduce any new financial risks or operational changes for ICE?
This specific amendment (10-K/A) primarily lists and incorporates existing exhibits and documents by reference. It does not introduce new financial risks or operational changes for ICE itself. For information on risks and operational developments, investors should refer to the risk factors and management's discussion and analysis sections within the original 2024 Form 10-K filing.
06—Continue