March 2016 Financial Results - ICANN · Executive Summary of Unaudited Financial Results For the...

March 2016 Financial Results

Unaudited financial results for the nine months ending

31 March 2016

Contents

Executive Summary ……………………………..……..……..……..…. 3

Budget by Quarter ……………………………..……..……..………….. 5

Actuals by Quarter ……………………..….…..……..……..…….……. 6

Statement of Activities (Actual vs. Budget) …………..………………… 7

Statement of Position…………………………………………………… 8

Funds Under Management…………………………………………….. 9

Cash Flows Synopsis …………………………………………………. 10

Reserve Fund…………………………………………………………… 11

New gTLD Financial Summary………………………………………… 12

New gTLD Historical Development Costs …………………………… 13

New gTLD Historical Auction Proceeds …………………………….. 14

Note - All financial information is unaudited.

ICANN

Executive Summary of Unaudited Financial Results

For the Nine Months Ending March 31, 2016

Overview - ICANN Operations and New gTLD Program

The total ICANN change in net assets is $50.7M higher than budget for the first nine months of FY16 mainly as a result of

(i) unbudgeted Auction Proceeds ($43.7M); (ii) higher than budgeted revenues for ICANN Operations ($10.4),

(iii)underspend in planned operations for ICANN Ops ($3.4M) and the New gTLD Program ($6.4M) (see below); and (iv)

total ICANN investment gains of ($0.1M); partially offset by (v) lower revenue recognized for the New gTLD Program (-

$10.4M) as a result of the extension of the evaluation period for the New gTLD program as well as favorable contract

negotiations and internalization of contracting process for the program resulting in lower expenses and revenues

recognized for the period and (vi) unbudgeted risk and historical development costs for the New gTLD Program (-$2.9M).

The Funds Under Management by ICANN increased by $19.8M during the first nine months of FY16 to a total of $345.8M,

mainly as a result of (i) net funds collected from contributors/ parties of ($85.4M), (ii) auction proceeds collected ($42.3M)

and (iii) Reserve Fund gains of ($0.1M) partially offset by (iv) general operating expenses for ICANN Ops (-$92.0M); and (v)

the payment of refunds and evaluation expenses and general operating expenses for the New gTLD Program (-$16.0M).

Financial Position

The Funds Under Management decreased by $19.8M during the period as a result of the following:

- A decrease of the ICANN Operations funds by $11.5M due to:

(i) payments to vendors/ employees of $101.9M, $9.9M of which were on behalf of the New gTLD Program, and

(ii) the depreciation of investments for $0.7M, partially offset by

(iii) funds collected from contributors/ parties of $85.4M and

(iv) the reimbursement to ICANN Ops from the New gTLD Program for direct/allocated costs for $4.7M and Historical

Development Costs for $1.0M.

- An increase of the New gTLD funds by $31.4M due to:

(i) Auction proceeds received of $42.3M

(ii) the appreciation of investments for $0.9M, partially offset by

(iii) the reimbursement to ICANN Ops from the New gTLD Program for direct/allocated costs for $4.7M and Historical

Development Costs for $1.0M.

(iv) payments to vendors of $5.4M,

(v) the net refunds to New gTLD applicants of $0.7

The decrease of the deferred revenues balance of $27.1M corresponds to:

(i) the amount of revenues recognized for the New gTLD program $25.0M and

(ii) the net refunds to New gTLD applicants $2.3M

Support and Revenue

Revenues for ICANN Ops were $10.4M favorable to budget primarily due to: (i) higher Registry fees $5.0M resulting from

higher registry fixed fees $1.7M and higher registry transaction-based fees $3.4M; (ii) higher Registrar fees by $7.0M due

to the one-time register application fees resulting from the application of new registrars and higher accreditation fees by

$2.6M and higher registrar transaction fees by $4.3M; partially offset by (iii) lower RIR fixed fee -$0.6M; (iv) lower meeting

sponsorships -$0.5M; (v) lower ccTLD contributions by -$0.5M.

Revenues for New gTLD program were $33.3M favorable to budget primarily due to net auction proceeds of $43.7 partially

offset by lower revenues recognized of $10.4M as a result of the extension of the evaluation period for the New gTLD

program.

3

Operating Expenses

Personnel costs for ICANN Ops were favorable to budget $4.0M primarily due to lower fringe benefits rates than planned.

Personnel costs for the New gTLD Program were $1.0M favorable to budget due to fewer hires than planned and lower

fringe benefits rates than planned.

ICANN Ops Travel and Meetings costs were favorable to budget $1.6M primarily due to lower per trip rates than budgeted

and planned travel not taken by stakeholders and staff. The New gTLD Program Travel and Meetings costs were favorable

to budget $0.2M due to the timing of staff travel.

Professional Services costs for ICANN Ops were $3.3M unfavorable to budget primarily due to the timing of planned

activities across the organization partially offset by independent legal costs for the USG Transition project. Professional

Services costs for the New gTLD Program were $4.6M favorable to budget due to the extension of the evaluation period for

the New gTLD program as well as favorable contract negotiations and internalization of contracting process for the

program.

Administrative costs for ICANN Ops were $0.9M unfavorable to budget primarily due to higher than planned expenses for

build up of critical IT infrastructure. Administrative costs for the New gTLD Program were $0.5M favorable to budget

primarily due the timing of budgeted expenses.

Bad debt expenses were $0.5M favorable to budget. On the basis of the historical trend of uncollectible receivables, the

level of bad debt on reserve at the end of Q1 was sufficient and therefore no additional bad debt expenses were reserved

during the period.

Depreciation costs were $0.7M unfavorable to budget primarily due to underestimated depreciation in the FY16 budget.

Other Income /Expense

Due to market fluctuations, the ICANN Ops investment accounts had unrealized losses of $1.4M and realized gains of

$0.7M and the New gTLD investment accounts had realized losses of $0.2M for the period. The New g TLD program also

had $1.1M of dividends and interest on the investment accounts.

4

Statement of Activity

FY16 Budget by Quarter

US Dollars, in millions

Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total Year

ICANN

Ops NgTLD Total

ICANN

Ops NgTLD Total

ICANN

Ops NgTLD Total

ICANN

Ops NgTLD Total

ICANN

Ops NgTLD Total

Total Support and

Revenue $25.6 $12.1 $37.8 $26.9 $23.7 $50.7 $30.3 $35.4 $65.7 $30.5 $49.5 $80.0 $113.4 $120.8 $234.2

Expenses

Personnel 14.6 1.8 16.3 15.0 3.5 18.6 15.6 5.3 20.9 15.6 7.1 22.7 60.8 17.7 78.5

Travel & Meetings* 2.4 0.4 2.7 4.9 0.7 5.7 5.6 1.1 6.7 5.2 1.5 6.7 18.1 3.8 21.9

Professional Services 5.9 4.3 10.2 7.6 8.4 16.0 6.6 12.4 19.1 5.6 17.8 23.4 25.8 42.9 68.7

Administration 3.4 0.6 3.9 3.6 1.1 4.7 3.6 1.7 5.3 3.3 2.3 5.6 13.9 5.7 19.6

Bad Debt Expenses 0.2 0.0 0.2 0.2 0.0 0.2 0.2 0.0 0.2 0.2 0.0 0.2 0.7 0.0 0.7

Depreciation Expenses 1.5 0.0 1.5 1.5 0.0 1.5 1.5 0.0 1.5 1.5 0.0 1.5 6.1 0.0 6.1

Total Expenses 27.9 7.0 34.9 32.9 13.8 46.7 33.2 20.5 53.8 31.4 28.7 60.1 125.4 70.0 195.5

Contingency 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Interest - General 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

FX Translation (Gain) / Loss 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Investment (Income)/ Loss 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Total Other

(Income)/Expense 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Change in Net Assets

Before Historical Costs

and Reserves (2.2) 5.1 2.8 (5.9) 10.0 4.0 (2.9) 14.8 11.9 (1.0) 20.9 19.9 (12.0) 50.8 38.7

Hist. Development Costs/

(Reimbursement) (1.3) 0.0 (1.3) (1.4) 0.0 (1.4) (1.4) 0.0 (1.4) (1.6) 0.0 (1.6) (5.7) 0.0 (5.7)

Risk Costs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Change In Net Assets ($0.9) $5.1 $4.1 ($4.6) $10.0 $5.4 ($1.4) $14.8 $13.4 $0.6 $20.9 $21.5 ($6.3) $50.8 $44.4

*Includes Community Support Requests

5

Statement of Activities

FY16 Actuals by Quarter



Quarter 1 Quarter 2 Quarter 3 Year to Date

ICANN

Ops NgTLD Total

ICANN

Ops NgTLD Total

ICANN

Ops NgTLD Total

ICANN

Ops NgTLD Total

Total Support and

Revenue $29.3 $8.4 $37.7 $27.1 $7.4 $34.4 $37.0 $52.9 $89.9 $93.3 $68.7 $161.9

Expenses

Personnel 13.0 1.6 14.5 14.2 1.5 15.6 14.1 1.3 15.4 41.3 4.3 45.6

Travel & Meetings * 1.8 0.2 2.0 4.3 0.3 4.7 5.2 0.4 5.7 11.4 0.9 12.3

Professional Services 5.0 3.8 8.8 7.9 (0.5) 7.4 8.6 4.5 13.1 21.5 7.8 29.2

Administration 3.4 0.3 3.7 4.1 0.5 4.6 4.0 0.4 4.4 11.6 1.2 12.7

Bad Debt Expenses 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Depreciation Expenses 1.6 0.0 1.6 1.7 0.0 1.7 2.0 0.0 2.0 5.3 0.0 5.3

Total Expenses 24.8 5.9 30.7 32.3 1.7 34.0 34.0 6.6 40.5 91.0 14.2 105.2

Contingency ** 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Interest - General 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

FX Translation (Gain) / Loss 0.1 0.0 0.1 0.0 0.0 0.1 (0.1) 0.0 (0.1) 0.1 0.0 0.1

Investment (Income)/ Loss 2.6 (0.1) 2.6 (0.8) (0.1) (0.9) (1.1) (0.7) (1.8) 0.7 (0.9) (0.1)

Other (Income)/Expense (0.0) 0.0 (0.0) 0.0 0.0 0.0 (0.3) 0.0 (0.3) (0.4) 0.0 (0.4)

Total Other

(Income)/Expense 2.7 (0.1) 2.6 (0.7) (0.1) (0.8) (1.5) (0.7) (2.2) 0.4 (0.9) (0.4)

Change in Net Assets

Before Historical Costs

and Reserves 1.8 2.6 4.4 (4.5) 5.7 1.2 4.6 47.0 51.6 1.8 55.3 57.1


(Reimbursement) (0.9) 0.9 0.0 (0.5) 0.5 0.0 (1.2) 1.2 0.0 (2.6) 2.6 0.0

Risk Costs 0.0 1.4 1.4 0.0 0.9 0.9 0.0 0.3 0.3 0.0 2.5 2.5

Change In Net Assets $2.6 $0.4 $3.0 ($4.0) $4.3 $0.4 $5.8 $45.5 $51.3 $4.4 $50.2 $54.6

*Includes Community Support Requests

**FY16 Contingency spend is allocated to core operations (Personnel, T&M, Prof. Svcs. and Admin.)

Unaudited

6

ICANN

Statement of Activity - Total ICANN

Actual vs. Budget



FY16 Actual FY16 Adopted Budget Variance vs Budget

UnauditedICANN

Ops

New

gTLD

Total

ICANN

ICANN

Ops

New

gTLD

Total

ICANNICANN Ops New gTLD Total ICANN

Total Support and Revenue $93.3 $68.7 $161.9 $82.9 $35.4 $118.3 $10.4 12.5% $33.3 94.1% $43.7 36.9%

Expenses

Personnel 41.3 4.3 45.6 45.2 5.3 50.6 4.0 8.8% 1.0 18.7% 5.0 9.8%

Travel & Meetings 11.4 0.9 12.3 13.0 1.1 14.1 1.6 12.3% 0.2 17.0% 1.8 12.7%

Professional Services 21.5 7.8 29.2 18.2 12.4 30.6 -3.3 (18.1%) 4.6 37.4% 1.3 4.4%

Administration 11.6 1.2 12.7 10.7 1.7 12.4 -0.9 (7.9%) 0.5 32.1% -0.3 (2.5%)

Bad Debt Expenses 0.0 0.0 0.0 0.5 0.0 0.5 0.5 100.0% 0.0 0.0% 0.5 100.0%

Depreciation Expenses 5.3 0.0 5.3 4.6 0.0 4.6 -0.7 (15.8%) 0.0 0.0% -0.7 (15.8%)

Total Expenses $91.0 $14.2 $105.2 $92.3 $20.5 $112.8 1.2 1.3% 6.4 31.0% 7.6 6.7%

Contingency 0.0 0.0 0.0 1.9 0.0 1.9 1.9 100.0% 0.0 0.0% 1.9 100.0%

Interest - General 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0% 0.0 0.0% 0.0 0.0%

FX Translation (Gain) / Loss 0.1 0.0 0.1 0.0 0.0 0.0 -0.1 0.0% 0.0 0.0% -0.1 0.0%

Investment (Income)/ Loss 0.7 -0.9 -0.1 0.0 0.0 0.0 -0.7 0.0% 0.9 0.0% 0.1 0.0%

Other (Income)/Expense -0.4 0.0 -0.4 0.0 0.0 0.0 0.4 0.0% 0.0 0.0% 0.4 0.0%

Total Other (Income)/Expense $0.4 -$0.9 -$0.4 $1.9 $0.0 $1.9 1.5 78.0% 0.9 0.0% 2.4 122.0%

Change in Net Assets Before

Historical Costs and Reserves1.8 55.3 57.1 -11.3 14.8 3.6 13.1 (116.0%) 40.5 273.1% 53.6 1508.3%


(Reimbursement)-2.6 2.6 0.0 -4.1 3.8 -0.4 -1.5 36.4% 1.1 29.9% -0.4 100.0%

Risk Costs 0.0 2.5 2.5 0.0 0.00.0

0.0 0.0% -2.50.0%

-2.5 0.0%

Change In Net Assets $4.4 $50.2 $54.6 -$7.1 $11.1 $3.9 $11.6 (162.3%) $39.1 353.3% $50.7 1287.1%

Average Headcount 346.0 11.0 357.0 348.3 19.0 367.3 2.3 0.7% 8.0 42.1% 10.3 2.8%

7

ICANN

Statement of Position

As of March 31, 2016


03/31/16 06/30/15 Increase/ (Decrease) Notes

ICANN

Ops NgTLD Total

ICANN

Ops NgTLD Total

ICANN

Ops NgTLD Total

ASSETS

Cash & Cash Equivalents $15.8 $10.8 $26.7 $19.4 $70.3 $89.7 ($3.6) ($59.5) ($63.1) (1)

Investments 77.6 241.6 319.2 85.6 150.7 236.3 (8.0) 90.9 82.9 (2)

Funds Under Management 93.4 252.4 345.8 105.0 221.1 326.0 (11.5) 31.4 19.8

Receivables 36.4 0.4 36.7 28.4 0.5 28.9 7.9 (0.1) 7.8

Prepaid Expenses 2.5 0.0 2.5 2.0 0.0 2.0 0.4 0.0 0.4

Plant, Property & Equip - Net 16.3 0.0 16.3 18.2 0.0 18.2 (1.9) 0.0 (1.9)

Other Assets 9.6 (8.8) 0.8 3.2 (3.2) (0.0) 6.4 (5.6) 0.8

TOTAL ASSETS 158.1 244.0 402.2 156.9 218.3 375.2 1.3 25.7 26.9

LIABILITIES AND NET ASSETS

Payables 14.6 4.6 19.3 17.9 2.0 20.0 (3.3) 2.6 (0.7) (3)

Deferred Income 0.7 46.9 47.7 0.7 74.0 74.8 0.0 (27.1) (27.1) (4)

Other Liabilities 1.5 0.0 1.5 1.4 0.0 1.4 0.1 0.0 0.1

TOTAL LIABILITIES 16.9 51.6 68.4 20.0 76.1 96.1 (3.2) (24.5) (192.2)

UNRESTRICTED/RESTRICTED

ASSETS 136.8 142.3 279.1 136.8 142.3 279.1 0.0 0.0 0.0

CURRENT YEAR CHANGE IN

NET ASSETS 4.4 50.2 54.6 0.0 0.0 0.0 4.4 50.2 54.6

TOTAL NET ASSETS 141.3 192.5 333.8 136.8 142.3 279.1 4.4 50.2 54.6

TOTAL LIABILITIES & NET

ASSETS $158.1 $244.0 $402.2 $156.9 $218.3 $375.2 $1.3 $25.7 $26.9

Notes (1) and (2): See "Funds Under Management"

Note (3):

Note (4):

The reduction of payables is driven by the timing of expenses and related payments.

The reduction of deferred income is resulting mainly from the revenues recognized during the quarter on the new gTLD program,

reflecting from the progress of the evaluation process, and from the refunds of application fees.

Unaudited

8

ICANN

Funds Under Management



New gTLD Auction Proceeds increased (+$42.3M) in the first nine months of the fiscal year due to the receipt of

funds for the two auctions held during the fiscal year.

The ICANN Operations Operating Fund decreased $3.6M as a result of 1) payments to employees/ vendors of (-

$101.9M), $9.9M of which was on behalf of the New gTLD Program, partially offset by 2) the net impact of cash

received from contracted parties of (+$85.4M), 3) the transfer from the Reserve Fund for the reimbursement of USG

Transition Project expenses of (-$7.3M), and 4) the cash received from the New gTLD Program for repayment of

Historical Development costs and accumulated direct allocated costs incurred on behalf of the program (+$5.7M).

New gTLD funds decreased $11.0M mainly as a result of: 1) net refunds to applicants and disbursements to vendors

of (-$6.1M), and 2) the repayment to ICANN Ops for Historical Development costs and accumulated direct allocated

costs incurred on behalf of the program (-$5.7M), partially offset by the appreciation in the market value of

investments (+$0.9M).

There were net transfers of $90.9M from the New gTLD cash accounts to the New gTLD investment accounts during

the first nine months of the fiscal year.

The ICANN Operations Reserve Fund decreased $8.0M as a result of the transfer to the Operating account

for the reimbursement of USG Transition Project expenses of (-$7.3M) and the depreciation in the market

value of investments of (-$0.7M).

326 314

303

346

86 83

76

78

162 153 152

151

19 18 16

16

59 59 59

101 50

100

150

200

250

300

350

400

30-Jun-15 31-Mar-16

Auction Proceeds New gTLD Funds Operating Fund Reserve Fund

30-Sep-15 31-Dec-15

9

ICANN

Cash Flows Synopsis



Unaudited ICANN Ops NgTLD Total

Funds Under Management at Beginning of Period $105.0 $221.1 $326.0

Collected/ (refunded) from contributors/parties 85.4 (0.7) 84.7

Auction Proceeds 0.0 42.3 42.3

Paid to vendors (49.5) (11.0) (60.4)

Paid to employees (39.1) (4.3) (43.5)

Paid to vendors and employees on behalf of New gTLD (9.9) 9.9 0.0

Reimbursement of payments to vendors and employees above,

from New gTLD to ICANN Ops:

Payments to vendors 0.0 0.0 0.0

NgTLD team costs (Paid to employees) 4.7 (4.7) 0.0

Overhead Allocations (Paid to vendors and employees) 0.0 0.0 0.0

Historical Development Costs 1.0 (1.0) 0.0

Capital expenditures (3.4) 0.0 (3.4)

Historical Development Costs and Other net cash flows 0.0 0.0 0.0

Change in investment market value (excludes transfers to/ from

operating account) (0.7) 0.9 0.1

Funds Under Management at End of Period $93.4 $252.4 $345.8

10

ICANN

Reserve Fund



Reserve Fund Activity

(unaudited)

Contributions

Nov-07 25.0

Aug-08 8.0

Sep-09 11.0

Oct-13 19.1

Feb-14 1.9

Jul-14 1.3

Total Contributions 66.3

Withdrawals

May-15 (1.5)

Dec-15 (7.3)

Total Withdrawals (8.7)

Balance at Beginning of Fiscal Year (01-Jul-2015) 85.6

Prior Fiscal Quarter Balance (31-Dec-2015) 76.4

Balance at End of Fiscal Period (31-Mar-2016) 77.6

Notes:

Historical default = 12 months of operating expenses.

11

ICANN

New gTLD Financial Summary



Program to date

Actual

(Mar 2016)

Current

Estimate

(Feb 2016)

Prior

Estimate

(Feb 2015)

Actual vs Current

Estimate

(Over)/Under

Actual vs Prior

Estimate

(Over)/UnderFees

Application Fees (361.0) (1) (361.0) (361.0) 0.0 0.0

Other Fees (1.6) (2) (1.1) (0.5) (0.5) (1.1)

Total Fees (362.7) (362.2) (361.5) (0.5) (1.1)

Total Refunds 41.4 52.7 55.9 11.3 14.5

Funds Net of Refunds (319.6) (309.5) (305.6)

Expenses

Evaluation Processing Costs 100.1 135.8 123.9 35.6 23.8

Overhead 45.5 60.4 57.9 15.0 12.4

NgTLD Team 11.1 15.4 15.4 4.3 4.3

ICANN Staff Allocation 29.8 39.1 35.4 9.3 5.6

Other Overhead 4.6 5.9 7.1 1.3 2.6

Total Operating Expenses 145.6 196.2 181.8 50.6 36.2

Historical Development Costs 28.6 32.5 32.5 3.9 3.9

Total Expenses 174.2 228.7 214.2 54.4 40.0

Net Remaining Funds (145.3) (80.8) (91.4) (64.6) (54.0)

Remaining Funds (145.3) (80.8) (91.4) (64.6) (54.0)

Actual Risk Costs 10.9 (3) 8.8 3.8 2.1 (7.1)

Net Remaining Funds (134.5) (72.0) (87.6) (62.5) (61.0)

(1)Includes overpayments.

(2)Proceeds from Prioritization Draw and Fees for Change Request.

(3)Currently includes actual risk costs incurred. Future costs cannot be estimate. Further review of risk costs identification in progress.

Program Balance

Unaudited

Full Program

12

ICANN

New gTLD Historical Development Costs



Accrued Transferred/Paid

FY13 Actual $15.4 $0.0

FY14 Actual 4.6 19.4

FY15 Actual 6.0 4.8

FY15 (Actual Program to date) 26.0 24.3

Q1 FY16 Actual 0.9 1.0

Q2 FY16 Actual 0.5 0.0

Q3 FY16 Forecast (1.6) 0.0

Q4 FY16 Forecast 1.4 0.0

FY16 Total 1.3 1.0

FY16 (Program to date) 27.2 25.3





FY17 Total 2.9 0.0

FY17 (Program to date) $30.1 $25.3





FY18 Total 2.3 0.0

FY18 (Program to date) $32.5 $25.3

NOTE:

Forecast referenced above, as of Feb 2016

13

ICANN

New gTLD Auction Proceeds and Fees


Program To Date

US Dollars, in thousands

Proceeds Costs Net Proceeds

Auction Development Costs

$230,000

$120,000

$1,750

$ - $351,750 ($351,750)

$600,000 $24,500 $575,500

$0 $10,500 ($10,500)

$0 $20,500 ($20,500)

$14,349,776 $637,741 $13,712,035

$12,889,463 $621,329 $12,268,134

$700,000 $182,250 $517,750

$6,447,888 $351,416 $6,096,472

$0 $30,750 ($30,750)

$25,001,000 $741,770 $24,259,230

$1,901,000 $96,790 $1,804,210

$0 $10,000 ($10,000)

$0 $10,500 ($10,500)

$10,000

$1,000

$0 $11,000 ($11,000)

$10,000

$500

$0 $10,500 ($10,500)

$2,200,000 $88,000

$500

$2,200,000 $88,500 $2,111,500

$41,501,000 $1,030,020

$750

$41,501,000 $1,030,770 $40,470,230

Current Total $105,590,127 $4,232,315 $101,357,812

Breakdown of proceeds and costs for auctions held prior to 01 July 2015 can be found at:

https://newgtlds.icann.org/en/applicants/auctions/proceeds

Escrow Fees

Subtotal: 27 January 2016 Auction

Completed Auctions

Escrow Fees

Subtotal: 18 November 2015 Auction

27 January 2016 Auction

Completed Auctions

14 October 2015 Auction

Scheduled and Cancelled

Escrow Fees

Subtotal: 14 October 2015 Auction

18 November 2015 Auction

29 July 2015 Auction

Scheduled and Cancelled

Escrow Fees

Subtotal: 29 July 2015 Auction

29 April 2015 Auction

20 May 2015 Auction

17 December 2014 Auction

19 November 2014 Auction

17 September 2014 Auction

22 October 2014 Auction

4 June 2014 Auction

9 July 2014 Auction

6 August 2014 Auction

Description

Direct Contention

Indirect Contention

Wilmington Trust Annual Fee

Subtotal: Auction Development Costs

21 January 2015 Auction

25 February 2015 Auction

25 March 2015 Auction

14

March 2016 Financial Results - ICANN · Executive Summary of Unaudited Financial Results For the...

Documents

Transcript of March 2016 Financial Results - ICANN · Executive Summary of Unaudited Financial Results For the...