March 03, 2015 12:46 AM ET

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Company Overview of Interactive Data Corporation

Company Overview

Interactive Data Corporation provides financial market data, analytics, and related solutions primarily in the North America, the United Kingdom and other European countries, the Asia Pacific, and internationally. The company operates through two segments, Pricing and Reference Data, and Trading Solutions. The Pricing and Reference Data segment offers evaluated pricing services, which are daily opinions of value, on approximately 2.7 million fixed income securities, international equities, and other hard-to-value financial instruments. This segment also provides reference data that encompasses listed markets pricing and descriptive information covering approximately 10 million global financi...

32 Crosby Drive

Bedford, MA 01730

United States

Founded in 1992

2,500 Employees

Phone:

781-687-8500

Fax:

781-687-8005

Key Executives for Interactive Data Corporation

Chief Executive Officer and President
Age: 58
Executive Chairman
Age: 60
Chief Financial Officer, Senior Vice President and Treasurer
Age: 53
Chief Operating Officer
Age: 49
President of Europe
Age: 55
Compensation as of Fiscal Year 2014.

Interactive Data Corporation Key Developments

Interactive Data Corporation Announces Consolidated Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Capital Expenditure Guidance for the 2015

Interactive Data Corporation announced consolidated unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenues of $239,271,000 compared with $232,169,000 for the same period a year ago. Income from operations was $41,158,000 compared with $41,823,000 for the same period a year ago. The decrease was driven by the combination of high revenue and the previously discussed changes in operating costs, including the impairment and severance charges the company took in fourth quarter of 2014. Income before tax was $12,441,000 compared with $7,812,000 for the same period a year ago. Net loss was $27,000 compared with net income of $5,207,000 for the same period a year ago. Total organic (non-GAAP) revenue was $242,264,000 compared with $232,169,000 for the same period a year ago. Adjusted EBITDA was $98,234,000 compared with $89,437,000 for the same period a year ago. Capital expenditures were $19,498,000 compared with $27,796,000 for the same period a year ago. Free cash flow was $78,736,000 compared with $61,641,000 for the same period a year ago. For the full year ended December 31, 2014, the company reported revenue of $939.2 million, an increase of $34.1 million, or 3.8%, from $905.1 million in the same period last year. Excluding the effects of foreign exchange, organic revenue growth was 3.1% during 2014 due largely to continued expansion throughout the year within the company's Pricing and Reference Data segment, as well as the company's 7ticks trading solutions infrastructure services and real-time feeds product areas. For the year, the company reported income from operations was $168,064,000 compared with $175,988,000 for the same period a year ago. Loss before tax was $38,212,000 compared with income before tax of $28,494,000 for the same period a year ago. Net loss was $16,985,000 compared with net income of $33,506,000 for the same period a year ago. Net cash provided by operating activities was $189,400,000 compared with $226,232,000 for the same period a year ago. Total organic (non-GAAP) revenue was $933,184,000 compared with $905,113,000 for the same period a year ago. Adjusted EBITDA was $362,368,000 compared with $351,550,000 for the same period a year ago. Capital expenditures were $84,152,000 compared with $81,852,000 for the same period a year ago. Free cash flow was $278,216,000 compared with $269,698,000 for the same period a year ago. Adjusted EBITDA reflects proactive steps to prudently manage the company's overall cost structure in noninvestment areas while continuing to invest in product development and technology infrastructure initiatives that will help underpin sustainable revenue and profit growth over the long term. The company provided capital expenditure guidance for the 2015. The company expects capital expenditure level to begin decreasing in 2015.

Interactive Data Seeks Acquisitions

Management of Interactive Data Corporation announced that it considers free cash flow to be an important measure of the company's cash generation strength that supports company's ability to repay its debt obligations and invest in future growth through new business development activities or acquisitions.

Interactive Data Corporation to Report Q4, 2014 Results on Feb 12, 2015

Interactive Data Corporation announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Feb 12, 2015

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