CME Group (CME) FY2011 results: revenue $3.3 billion, up 9.2% on the year
CME Group Inc. (CME) reported revenue of $3.3 billion for fiscal 2011, the year ended 31 December 2011, up 9.2% on the year before. Net income was $1.8 billion, up 90.5%, and diluted earnings per share $5.43. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2012.
Revenue
$3.3 billion
+9.2% on the year
FY2007FY2011
Operating margin
61.6%
61.0% a year earlier
FY2007FY2011
Net income
$1.8 billion
+90.5% on the year
FY2007FY2011
Diluted EPS
$5.43
+89.7% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
3,281
3,004
2,613
+9.2%
Operating income
2,021
1,831
1,589
+10.4%
Operating margin
61.6%
61.0%
60.8%
Pre-tax income
1,936
1,722
1,438
+12.5%
Income tax
122
770
612
-84.1%
Effective tax rate
6.3%
44.7%
42.6%
Net income
1,812
951
826
+90.5%
Net margin
55.2%
31.7%
31.6%
Diluted EPS
$5.43
$2.86
$2.48
+89.7%
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
1,346
1,360
1,083
-1.0%
Capital expenditure
172
160
158
+7.6%
Free cash flow
1,174
1,200
925
-2.1%
Free cash flow margin
35.8%
39.9%
35.4%
Cash from investing
-154
-112
545
Cash from financing
-1,006
-653
-1,665
Depreciation and amortisation
128
130
126
-1.1%
Share-based compensation
51.3
40.9
33.4
+25.4%
Buybacks
220
575
27.0
-61.7%
Dividends paid
373
305
306
+22.1%
Dividend per share
$0.22
$0.18
$0.92
+21.7%
Diluted shares, weighted
334m
332m
333m
+0.4%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
21,552
20,060
19,301
+7.4%
Non-controlling interest
0.0
n/a
n/a
Redeemable equity
70.3
n/a
n/a
Short-term borrowings
0.0
n/a
n/a
Debt
2,107
2,525
2,015
-16.6%
Other liabilities
17,030
12,461
14,335
+36.7%
Total liabilities and equity
40,759
35,046
35,651
+16.3%
Fixed assets
822
787
738
+4.5%
Goodwill
7,984
7,984
7,549
+0.0%
Intangible assets
3,313
3,453
3,246
-4.1%
Investments
47.6
50.2
42.6
-5.2%
Trading assets
31.8
28.8
23.4
+10.4%
Cash and equivalents
1,042
855
261
+21.9%
Receivables
289
298
248
-2.7%
Other assets
27,229
21,591
23,542
+26.1%
Total assets
40,759
35,046
35,651
+16.3%
10-K for the year ended 31 December 2011, filed 28 February 2012: the filing.