FactSet(FDS) - 2025 Q2 - Quarterly Report

Acquisitions - The acquisition of LiquidityBook was completed on February 7, 2025, for a purchase price of $243.8 million, including contingent consideration of$11.9 million[81]. - LiquidityBook provides cloud-native trading solutions and enhances the company's ability to serve integrated workflow needs across the portfolio life cycle[82]. - The acquisition resulted in the recognition of goodwill totaling $162.4 million, reflecting the excess of the purchase price over the fair value of net assets acquired[83]. - The acquisition of Irwin was completed on November 5, 2024, for a purchase price of$120.2 million, including contingent consideration of $9.6 million[86]. - Irwin is a leading investor relations platform, expanding the company's capabilities in addressing the workflow needs of investor relations professionals[87]. - The acquisition of Irwin resulted in the recognition of goodwill totaling$90.3 million, representing the excess of the purchase price over the fair value of net assets acquired[89]. Financial Performance - For the three months ended February 28, 2025, total revenues reached $570,660,000, an increase from$545,945,000 for the same period in 2024, representing a growth of 4.5%[165]. - Operating income for the three months ended February 28, 2025, was $185,492,000, compared to$181,942,000 in the prior year, reflecting a year-over-year increase of 2.0%[165]. - For the six months ended February 28, 2025, total revenues were $1,139,327,000, compared to$1,088,161,000 for the same period in 2024, marking a growth of 4.7%[165]. - Operating income for the six months ended February 28, 2025, was $376,827,000, up from$370,982,000 in the previous year, reflecting a growth of 1.6%[165]. Goodwill and Intangible Assets - Goodwill increased from $1,011,129 thousand as of August 31, 2024, to$1,245,315 thousand as of February 28, 2025, reflecting acquisitions of $252,713 thousand and foreign currency translations of$(18,527) thousand[91]. - The total carrying amount of identifiable intangible assets as of February 28, 2025, was $2,408,330 thousand, with a net carrying amount of$1,935,488 thousand after accumulated amortization of $472,842 thousand[93]. - Amortization expense for intangible assets for the six months ended February 28, 2025, was$62,461 thousand, compared to $48,853 thousand for the same period in 2024, representing a year-over-year increase of 28$1,472,162 thousand, an increase from $1,365,973 thousand as of August 31, 2024[108]. - The company entered into a credit agreement on March 1, 2022, borrowing a total of$1.25 billion, consisting of $1.0 billion under the senior unsecured term loan and$250 million under the senior unsecured revolving credit facility[109]. - As of February 28, 2025, the company fully repaid the 2022 Term Facility, amounting to $62.5 million and$125 million repaid during the three and six months ended February 28, 2025, respectively[111]. - The outstanding borrowings under the 2022 Revolving Facility were $480 million as of February 28, 2025, with net borrowings of$230 million during the six months ended February 28, 2025[112]. - The company issued $1 billion in Senior Notes, with$500 million at a 2.900% interest rate due March 1, 2027, and another $500 million at a 3.450$13.9 million, down from $16.6 million for the same period in 2024[124]. Shareholder Returns - The company authorized up to$300 million for share repurchases during fiscal 2025, with $186.9 million remaining as of February 28, 2025[138]. - The company repurchased 136,714 shares of common stock at a total cost of$64.4 million during the three months ended February 28, 2025[137]. - The Board of Directors approved a dividend of $1.04 per share for the first and second quarters of fiscal 2025, totaling approximately$39,572,000 and $39,511,000 respectively[141]. Tax and Other Comprehensive Income - The effective tax rate for the six months ended February 28, 2025, was 16.2$(112,753,000), compared to $(79,613,000) as of August 31, 2024[142]. Capital Expenditures - Capital expenditures for the three months ended February 28, 2025, totaled$23,736,000, up from $21,917,000 in the same period of 2024, indicating an increase of 8.3$49,610,000, compared to $38,383,000 in the same period of 2024, indicating a significant increase of 29.1$369,661,000, an increase from $352,618,000 in the same period of 2024, representing a growth of 4.1$143,387,000, compared to $139,176,000 in the prior year, reflecting a growth of 3.1$57,612,000, an increase from $54,151,000 in the same period of 2024, indicating a growth of 6.8%[165].