Summary
Intercontinental Exchange, Inc. (ICE) filed an 8-K on May 3, 2017, to report its financial results for the fiscal quarter ended March 31, 2017. The report primarily serves to attach the press release announcing these results, which provides details on the company's performance and financial condition. Investors should refer to the attached press release (Exhibit 99.1) for the specific financial figures and operational updates. The filing also notes that ICE makes references to non-GAAP financial information. A reconciliation of these non-GAAP measures to comparable GAAP financial measures is available within the press release itself and in ICE's Quarterly Report on Form 10-Q for the period. This is a standard disclosure to provide transparency on how the company presents its financial performance beyond generally accepted accounting principles.
Key Highlights
- 1ICE announced its Q1 2017 financial results on May 3, 2017.
- 2The 8-K filing's primary purpose is to furnish the earnings press release as an exhibit.
- 3Investors are directed to the press release (Exhibit 99.1) for detailed financial results.
- 4The company utilized non-GAAP financial measures in its reporting.
- 5Reconciliations between non-GAAP and GAAP financial measures are provided in the press release and the Q1 2017 10-Q filing.
- 6The filing indicates ICE is not an emerging growth company and has not elected to use extended transition periods for accounting standards.