Cboe Global Markets (CBOE) FY2015 results: revenue $664 million, up 7.5% on the year
Cboe Global Markets, Inc. (CBOE) reported revenue of $664 million for fiscal 2015, the year ended 31 December 2015, up 7.5% on the year before. Net income was $205 million, up 8.1%, and diluted earnings per share $2.46. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2016.
Revenue
$664 million
+7.5% on the year
FY2009FY2015
Operating margin
48.2%
50.8% a year earlier
FY2009FY2015
Net income
$205 million
+8.1% on the year
FY2009FY2015
Diluted EPS
$2.46
+11.3% on the year
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
664
617
572
+7.5%
Cost of revenue
102
n/a
n/a
Gross profit
562
n/a
n/a
Gross margin
84.6%
n/a
n/a
Operating income
320
314
286
+2.0%
Operating margin
48.2%
50.8%
50.0%
Interest expense
0.0
0.0
0.0
Pre-tax income
324
310
284
+4.6%
Income tax
119
120
108
-0.8%
Effective tax rate
36.7%
38.7%
38.0%
Net income
205
190
176
+8.1%
Net margin
30.9%
30.7%
30.8%
Diluted EPS
$2.46
$2.21
$1.99
+11.3%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
245
263
224
-6.6%
Capital expenditure
39.3
50.2
28.7
-21.6%
Free cash flow
206
213
196
-3.1%
Free cash flow margin
31.0%
34.4%
34.2%
Cash from investing
-79.4
n/a
n/a
Cash from financing
-212
n/a
n/a
Depreciation and amortisation
46.3
39.9
34.5
+16.0%
Share-based compensation
12.2
15.6
20.8
-21.8%
Buybacks
132
168
45.3
-21.5%
Dividends paid
73.4
67.0
58.4
+9.6%
Dividend per share
$0.88
$0.78
n/a
+12.8%
Diluted shares, weighted
83m
85m
87m
-2.7%
Shares outstanding at period end
82m
84m
87m
-2.4%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
260
250
285
+3.8%
Redeemable equity
0.0
0.0
n/a
Debt
0.0
0.0
0.0
Other liabilities
125
134
157
-6.5%
Total liabilities and equity
385
384
442
+0.2%
Fixed assets
60.4
66.9
67.3
-9.7%
Goodwill
7.7
0.0
n/a
Intangible assets
2.4
0.0
45.9
Cash and equivalents
102
148
221
-30.9%
Receivables
62.5
58.4
49.9
+7.1%
Other assets
150
111
57.1
+35.0%
Total assets
385
384
442
+0.2%
10-K for the year ended 31 December 2015, filed 19 February 2016: the filing.