Cboe Global Markets (CBOE) FY2021 results: revenue $3.5 billion, up 2.0% on the year
Cboe Global Markets, Inc. (CBOE) reported revenue of $3.5 billion for fiscal 2021, the year ended 31 December 2021, up 2.0% on the year before. Net income was $529 million, up 13.0%, and diluted earnings per share $4.92. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2022.
Revenue
$3.5 billion
+2.0% on the year
FY2014FY2021
Operating margin
23.1%
19.3% a year earlier
FY2014FY2021
Net income
$529 million
+13.0% on the year
FY2014FY2021
Diluted EPS
$4.92
+15.2% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
597
1,459
633
-59.1%
Capital expenditure
51.0
47.4
35.1
+7.6%
Free cash flow
546
1,411
598
-61.3%
Free cash flow margin
15.6%
41.2%
23.9%
Cash from investing
-353
-430
-15.9
Cash from financing
-200
-202
-663
Depreciation and amortisation
167
158
177
+5.6%
Share-based compensation
26.6
21.7
21.8
+22.6%
Buybacks
81.3
349
157
-76.7%
Dividends paid
193
171
150
+13.3%
Dividend per share
$1.80
$1.56
$1.34
+15.4%
Diluted shares, weighted
107m
109m
112m
-1.9%
Shares outstanding at period end
107m
107m
111m
-0.6%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
3,605
3,349
3,356
+7.6%
Debt
1,299
1,204
868
+7.9%
Operating lease liabilities
129
132
46.7
-2.2%
Other liabilities
1,781
1,832
844
-2.8%
Total liabilities and equity
6,814
6,516
5,114
+4.6%
Fixed assets
105
82.6
47.0
+27.4%
Goodwill
3,025
2,895
2,682
+4.5%
Intangible assets
1,669
1,729
1,590
-3.5%
Investments
37.1
92.4
71.0
-59.8%
Cash and equivalents
342
245
229
+39.3%
Receivables
327
337
235
-3.1%
Other assets
1,309
1,135
260
+15.4%
Total assets
6,814
6,516
5,114
+4.6%
10-K for the year ended 31 December 2021, filed 18 February 2022: the filing.