Cash flow CME Group Inc.

Equities

CME

US12572Q1058

Financial & Commodity Market Operators

Market Closed - Nasdaq Other stock markets 21:00:00 12/09/2024 BST			5-day change	1st Jan Change
217.30 ^USD	-0.59%		-0.95%	+3.18%

09-11	Implantica Announces Demise of Board Member Prof. Dr. Klaus Neftel	CI
09-11	Redburn Atlantic Lifts Price Target on CME to $243 From $242	MT

0.IBYJ9Js5bb35SuUNXmOLub9psqwWM4_AMb1FAI3IyBU.dyRtg_V2BtCTOJBvJlXJgccN2uY7Av-aSfMqZeGAknhaV2fB3EM194wMtA

Published financial data: CME GROUP INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	4.46B	4.44B	4.34B	4.75B	5.25B
Other Revenues, Total	393M	428M	337M	255M	317M
Total Revenues	4.86B	4.87B	4.68B	5.01B	5.57B
Gross Profit	4.86B	4.87B	4.68B	5.01B	5.57B
Selling General & Admin Expenses, Total	1.52B	1.56B	1.48B	1.46B	1.57B
Depreciation & Amortization - (IS)	159M	153M	148M	135M	126M
Amortization of Goodwill and Intangible Assets - (IS)	315M	311M	238M	228M	227M
Other Operating Expenses	203M	174M	207M	187M	188M
Other Operating Expenses, Total	2.2B	2.2B	2.07B	2.01B	2.11B
Operating Income	2.66B	2.67B	2.6B	3B	3.46B
Interest Expense, Total	-178M	-166M	-167M	-163M	-159M
Interest And Investment Income	638M	183M	307M	2.2B	5.28B
Net Interest Expenses	460M	16.5M	140M	2.04B	5.12B
Income (Loss) On Equity Invest.	177M	191M	246M	301M	297M
Currency Exchange Gains (Loss)	-7.2M	-9.7M	40.7M	13.2M	-22.6M
Other Non Operating Income (Expenses)	-535M	-122M	-88.5M	-1.86B	-4.69B
EBT, Excl. Unusual Items	2.75B	2.75B	2.94B	3.49B	4.15B
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-61.1M	-26.3M	431M	-	-
Asset Writedown	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	2.69B	2.72B	3.37B	3.49B	4.15B
Income Tax Expense	574M	616M	737M	799M	927M
Earnings From Continuing Operations	2.12B	2.11B	2.64B	2.69B	3.23B
Net Income to Company	2.12B	2.11B	2.64B	2.69B	3.23B
Minority Interest	700K	-1.2M	-500K	-	-
Net Income - (IS)	2.12B	2.11B	2.64B	2.69B	3.23B
Preferred Dividend and Other Adjustments	-	-	19.3M	33.8M	40.6M
Net Income to Common Incl Extra Items	2.12B	2.11B	2.62B	2.66B	3.19B
Net Income to Common Excl. Extra Items	2.12B	2.11B	2.62B	2.66B	3.19B
Per Share Items
Net EPS - Basic	5.93	5.88	7.3	7.41	8.87
Basic EPS - Continuing Operations	5.93	5.88	7.3	7.41	8.87
Basic Weighted Average Shares Outstanding	357M	358M	358M	359M	359M
Net EPS - Diluted	5.91	5.87	7.29	7.4	8.86
Diluted EPS - Continuing Operations	5.91	5.87	7.29	7.4	8.86
Diluted Weighted Average Shares Outstanding	358M	359M	359M	359M	360M
Normalized Basic EPS	4.82	4.8	5.13	6.08	7.23
Normalized Diluted EPS	4.8	4.79	5.12	6.07	7.22
Dividend Per Share	3	3.4	3.6	4	4.4
Payout Ratio	80.13	100.23	83.04	97.86	100.29
American Depositary Receipts Ratio (ADR)	0.25	0.25	0.25	0.25	0.25
Supplemental Items
EBITDA	3.13B	3.14B	2.99B	3.37B	3.81B
EBITA	2.97B	2.98B	2.84B	3.23B	3.68B
EBIT	2.66B	2.67B	2.6B	3B	3.46B
EBITDAR	3.2B	3.19B	3.04B	3.41B	3.86B
Total Revenues (As Reported)	4.87B	4.88B	4.69B	5.02B	5.58B
Effective Tax Rate - (Ratio)	21.33	22.62	21.84	22.9	22.33
Current Domestic Taxes	559M	628M	683M	798M	958M
Current Foreign Taxes	18.8M	28.8M	19M	24.9M	44.9M
Total Current Taxes	578M	657M	702M	822M	1B
Deferred Domestic Taxes	21.3M	-34.5M	6M	-23.6M	-11.9M
Deferred Foreign Taxes	-25M	-7.1M	28.8M	400K	-63.1M
Total Deferred Taxes	-3.7M	-41.6M	34.8M	-23.2M	-75M
Normalized Net Income	1.72B	1.72B	1.84B	2.18B	2.6B
Interest on Long-Term Debt	3.6M	3.3M	3.1M	2.8M	2.5M
Non-Cash Pension Expense	-2.7M	-4.5M	-6.5M	-8.9M	-2.8M
Supplemental Operating Expense Items
General and Administrative Expenses	548M	635M	581M	646M	686M
Research And Development Expense From Footnotes	202M	198M	193M	189M	219M
Net Rental Expense, Total	68.3M	53.5M	53.5M	46.7M	45.7M
Imputed Operating Lease Interest Expense	22.1M	16.79M	17.64M	15.25M	14.88M
Imputed Operating Lease Depreciation	46.2M	36.71M	35.86M	31.45M	30.82M
Stock-Based Comp., SG&A Exp. (Total)	85.8M	96.9M	76.4M	84.8M	83.7M
Total Stock-Based Compensation	85.8M	96.9M	76.4M	84.8M	83.7M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.55B	1.63B	2.83B	2.72B	2.91B
Short Term Investments	83.2M	101M	115M	96M	112M
Total Cash And Short Term Investments	1.63B	1.73B	2.95B	2.82B	3.02B
Accounts Receivable, Total	492M	461M	434M	483M	536M
Total Receivables	492M	461M	434M	483M	536M
Restricted Cash	4.3M	4.7M	4.8M	4.9M	5.2M
Other Current Assets, Total	37.44B	87.08B	158B	136B	91.33B
Total Current Assets	39.57B	89.28B	162B	139B	94.89B
Gross Property Plant And Equipment	1.93B	2.02B	1.97B	1.98B	1.68B
Accumulated Depreciation	-868M	-961M	-1.04B	-1.15B	-933M
Net Property Plant And Equipment	1.06B	1.06B	931M	838M	744M
Long-term Investments	1.01B	1.02B	2.44B	2.76B	67.8M
Goodwill	10.74B	10.8B	10.53B	10.48B	10.5B
Other Intangibles, Total	22.29B	22.04B	20.71B	20.44B	20.23B
Other Long-Term Assets, Total	546M	456M	413M	574M	3.28B
Total Assets	75.22B	125B	197B	174B	130B
Liabilities
Accounts Payable, Total	61.9M	69.3M	48.8M	121M	90.6M
Short-term Borrowings	-	-	749M	16M	-
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	49.7M	52.2M	55.2M	58.1M	55.1M
Unearned Revenue Current, Total	-	37.3M	15.2M	12.7M	13.2M
Other Current Liabilities	38.41B	88.04B	160B	137B	93.26B
Total Current Liabilities	38.52B	88.2B	160B	138B	93.42B
Long-Term Debt	3.74B	3.44B	2.7B	3.42B	3.43B
Long-Term Leases	606M	576M	525M	451M	403M
Deferred Tax Liability Non Current	5.64B	5.61B	5.39B	5.36B	5.33B
Other Non Current Liabilities	549M	483M	371M	375M	395M
Total Liabilities	49.06B	98.31B	169B	147B	103B
Common Stock, Total	3.6M	3.6M	3.6M	3.6M	3.6M
Additional Paid In Capital	21.11B	21.19B	22.19B	22.26B	22.33B
Retained Earnings	5.01B	5B	5.15B	4.75B	4.46B
Comprehensive Income and Other	3.4M	135M	53.5M	-133M	-55.6M
Total Common Equity	26.13B	26.32B	27.4B	26.88B	26.74B
Minority Interest	30.4M	31.6M	-	-	-
Total Equity	26.16B	26.35B	27.4B	26.88B	26.74B
Total Liabilities And Equity	75.22B	125B	197B	174B	130B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	358M	359M	359M	360M	360M
ECS Total Common Shares Outstanding	357M	358M	359M	359M	359M
Book Value / Share	73.09	73.5	76.41	74.89	74.43
Tangible Book Value	-6.91B	-6.52B	-3.84B	-4.05B	-3.98B
Tangible Book Value Per Share	-19.32	-18.21	-10.7	-11.28	-11.09
Total Debt	4.4B	4.07B	4.03B	3.95B	3.88B
Net Debt	2.76B	2.34B	1.08B	1.13B	860M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-32.7M	-7.9M	-16.3M	-15.3M	700K
Debt Equivalent Oper. Leases	546M	428M	428M	374M	366M
Minority Interest, Total (Incl. Fin. Div)	30.4M	31.6M	-	-	-
Equity Method Investments, Total	1.01B	1.02B	2.44B	2.76B	67.8M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	7.8M	7.7M	-	-	-
Buildings, Total	174M	167M	132M	132M	131M
Machinery, Total	433M	493M	519M	551M	413M
Full Time Employees	4.36K	4.37K	3.48K	3.46K	3.56K
Accumulated Allowance for Doubtful Accounts (Supple)	3.4M	5.4M	5.6M	8.1M	7.1M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	2.12B	2.11B	2.64B	2.69B	3.23B
Depreciation & Amortization - CF	159M	153M	148M	135M	126M
Amortization of Goodwill and Intangible Assets - (CF)	315M	311M	238M	228M	227M
Depreciation & Amortization, Total	473M	464M	385M	363M	353M
(Gain) Loss From Sale Of Asset	61.1M	26.3M	-30.4M	-	-
(Gain) Loss on Sale of Investments - (CF)	1.8M	5.5M	-117M	-4.8M	-72.1M
Asset Writedown & Restructuring Costs	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-43.6M	-7.7M	-425M	-	-
Stock-Based Compensation (CF)	73.1M	96M	75.2M	84.3M	82.9M
Other Operating Activities, Total	25.2M	-33.3M	39.7M	18.1M	-40.6M
Change In Accounts Receivable	60.8M	28.2M	-45.7M	-51.1M	-51.5M
Change In Accounts Payable	-54.1M	7.4M	-18.6M	72.5M	-30.8M
Change In Income Taxes	-28.6M	4.7M	-120M	-148M	-77.1M
Change in Other Net Operating Assets	-12.7M	18.9M	23M	31.2M	64.2M
Cash from Operations	2.67B	2.72B	2.4B	3.06B	3.45B
Capital Expenditure	-246M	-198M	-127M	-89.7M	-76.4M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-	-	-52.9M	-	-
Sale (Purchase) of Real Estate properties	-	-	39.3M	-	-
Investment in Marketable and Equity Securities, Total	93M	22M	199M	-400M	97.3M
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-153M	-176M	58.4M	-490M	20.9M
Short Term Debt Issued, Total	-	-	71.17B	-	-
Long-Term Debt Issued, Total	-	-	-	741M	-
Total Debt Issued	-	-	71.17B	741M	-
Short Term Debt Repaid, Total	-	-305M	-	-22.7B	-45.06B
Long-Term Debt Repaid, Total	-662M	-	-	-756M	-16.4M
Total Debt Repaid	-662M	-305M	-	-23.46B	-45.07B
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-36.8M	-41.4M	-31.7M	-24.8M	-21.4M
Issuance of Preferred Stock	-	-	965M	-	-
Common Dividends Paid	-1.7B	-2.11B	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-2.19B	-2.63B	-3.24B
Common & Preferred Stock Dividends Paid	-1.7B	-2.11B	-2.19B	-2.63B	-3.24B
Other Financing Activities, Total	53.6M	-2.2M	-3.1M	-7.9M	-9.3M
Cash from Financing	-2.34B	-2.46B	69.91B	-25.38B	-48.34B
Net Change in Cash	179M	81.9M	72.37B	-22.82B	-44.86B
Supplemental Items
Cash Interest Paid	146M	133M	133M	133M	130M
Cash Income Tax Paid (Refund)	591M	653M	755M	973M	1.11B
Levered Free Cash Flow	2.14B	1.99B	2.04B	2.7B	2.57B
Unlevered Free Cash Flow	2.25B	2.09B	2.15B	2.8B	2.67B
Change In Net Working Capital	-280M	-56.3M	-186M	-569M	-144M
Net Debt Issued / Repaid	-662M	-305M	71.17B	-22.72B	-45.07B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.17	1.67	1.01	1.01	1.42
Return on Total Capital	5.45	5.48	5.26	6.03	7.03
Return On Equity %	8.12	8.02	9.81	9.92	12.03
Return on Common Equity	8.13	8.03	9.74	9.79	11.88
Margin Analysis
Gross Profit Margin %	100	100	100	100	100
SG&A Margin	31.39	31.99	31.67	29.08	28.19
EBITDA Margin %	64.42	64.43	63.9	67.19	68.43
EBITA Margin %	61.16	61.28	60.74	64.49	66.17
EBIT Margin %	54.68	54.89	55.66	59.95	62.1
Income From Continuing Operations Margin %	43.55	43.25	56.35	53.73	57.93
Net Income Margin %	43.57	43.23	56.34	53.73	57.93
Net Avail. For Common Margin %	43.57	43.23	55.93	53.05	57.2
Normalized Net Income Margin	35.4	35.25	39.29	43.55	46.61
Levered Free Cash Flow Margin	44.11	40.8	43.68	53.94	46.07
Unlevered Free Cash Flow Margin	46.4	42.93	45.91	55.98	47.86
Asset Turnover
Asset Turnover	0.06	0.05	0.03	0.03	0.04
Fixed Assets Turnover	6.45	4.6	4.7	5.66	7.04
Receivables Turnover (Average Receivables)	8.54	9.32	9.69	10.36	10.31
Short Term Liquidity
Current Ratio	1.03	1.01	1.01	1.01	1.02
Quick Ratio	0.06	0.02	0.02	0.02	0.04
Operating Cash Flow to Current Liabilities	0.07	0.03	0.01	0.02	0.04
Days Sales Outstanding (Average Receivables)	42.72