IHS, Inc. (IHS) Q4 2011 Earnings Call January 06, 2012, 8:00 a.m. ETExecutives Andy Schulz - Vice President of Investor Relations Jerre Stead - Chairman and Chief Executive Officer Scott Key - President and Chief Operating Officer Richard Walker - Executive Vice President and Chief Financial Officer Analysts Suzanne Stein - Morgan Stanley Manav Patnaik - Barclays Capital Eric Boyer - Wells Fargo Peter Appert - Piper Jaffray Michael Meltz – JPMorgan Bill Sutherland - Northland Capital Markets William Warmington - Raymond James Brian Karimzad - Goldman Sachs Robert Riggs - William W Blair Kelly Flynn - Credit Suisse PresentationOperator
Good day ladies and gentlemen and welcome to the Fourth Quarter 2011 IHS, Inc. Earnings conference call. My name is Lacy and I will be your coordinator for today. (Operator Instructions) I would now like to turn the presentation over to your host for today’s call, Mr. Andy Schulz, Vice President of Investor Relations. Please proceed. Andrew Schulz Thank you, Lacy. Good morning and thank you for joining us for the IHS Fourth Quarter and Fiscal 2011 Earnings conference call. We issued our earnings release and a supplemental presentation earlier this morning. If you do not have the release and the presentation we issued today, you will find copies of them on our website at ihs.com. Some of our comments and discussions on the quarter are based on non-GAAP measures. Our non-GAAP are adjusted numbers exclude stock-based compensation and other non-cash charges and other items. Our earnings release includes both our GAAP-based income statement and statement of cash flows and reconciliations to the non-GAAP measures discussed during this call. These reconciliation schedules can also be found on our website. The non-GAAP results are a supplement to the GAAP financial statements. IHS believes this non-GAAP presentation and the elimination of these items is useful in order to focus on what we deem to be a more reliable indicator of ongoing operating performance.