Cboe Global Markets (CBOE) FY2013 results: revenue $572 million, up 11.7% on the year
Cboe Global Markets, Inc. (CBOE) reported revenue of $572 million for fiscal 2013, the year ended 31 December 2013, up 11.7% on the year before. Net income was $176 million, up 11.8%, and diluted earnings per share $1.99. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2014.
Revenue
$572 million
+11.7% on the year
FY2009FY2013
Operating margin
50.0%
47.6% a year earlier
FY2009FY2013
Net income
$176 million
+11.8% on the year
FY2009FY2013
Diluted EPS
$1.99
+11.8% on the year
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
572
512
508
+11.7%
Operating income
286
244
242
+17.1%
Operating margin
50.0%
47.6%
47.6%
Interest expense
0.0
n/a
n/a
Pre-tax income
284
243
240
+16.9%
Income tax
108
85.2
101
+26.4%
Effective tax rate
38.0%
35.1%
41.9%
Net income
176
157
139
+11.8%
Net margin
30.8%
30.7%
27.4%
Diluted EPS
$1.99
$1.78
$1.52
+11.8%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
224
201
203
+11.9%
Capital expenditure
28.7
30.1
29.1
-4.6%
Free cash flow
196
170
174
+14.8%
Free cash flow margin
34.2%
33.3%
34.2%
Cash from investing
n/a
-33.0
-30.3
Cash from financing
n/a
-167
-91.7
Depreciation and amortisation
34.5
31.5
34.1
+9.5%
Share-based compensation
20.8
12.3
12.6
+68.6%
Buybacks
45.3
49.7
47.0
-9.0%
Dividends paid
58.4
47.8
0.0
+22.0%
Diluted shares, weighted
87m
87m
90m
-0.1%
Shares outstanding at period end
87m
87m
n/a
-0.6%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
285
239
236
+19.0%
Debt
0.0
0.0
0.0
Other liabilities
157
99.7
91.6
+57.5%
Total liabilities and equity
442
339
328
+30.3%
Fixed assets
67.3
74.0
76.8
-9.1%
Intangible assets
45.9
42.7
42.2
+7.5%
Cash and equivalents
221
136
135
+63.2%
Receivables
49.9
45.7
37.6
+9.2%
Other assets
57.1
40.8
36.4
+39.9%
Total assets
442
339
328
+30.3%
10-K for the year ended 31 December 2013, filed 21 February 2014: the filing.