Intercontinental Exchange Expects at Least $400 Million in CapEx For FY21

By Allison Prang

Intercontinental Exchange Inc. is guiding for $400 million or more in capital expenditures for the 2021 fiscal year.

The company said it expects those expenditures to be between $400 million and $430 million. Intercontinental Exchange had $410 million in capital expenditures and capitalized software development costs for 2020.

The New York Stock Exchange operator expects between $3.465 billion and $3.515 billion in operating expenses, it said. On an adjusted basis, it expects those expenses to be between $2.83 billion and $2.88 billion.

For the first quarter, Intercontinental Exchange expects operating expenses to be between $885 million to $895 million. It expects those costs to be between $720 million and $730 million on an adjusted basis.

The company is guiding for first-quarter non-operating expense of between $97 million and $102 million. It expects that expense to be between $105 million and $110 million on an adjusted basis.

Intercontinental Exchange is expecting between 562 million and 568 million in weighted average shares outstanding for its first quarter.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

February 04, 2021 08:07 ET (13:07 GMT)

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