CME Group (CME) FY2017 results: revenue $3.6 billion, up 1.4% on the year
CME Group Inc. (CME) reported revenue of $3.6 billion for fiscal 2017, the year ended 31 December 2017, up 1.4% on the year before. Net income was $4.1 billion, up 164.9%, and diluted earnings per share $11.94. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2018.
Revenue
$3.6 billion
+1.4% on the year
FY2010FY2017
Operating margin
63.4%
61.3% a year earlier
FY2010FY2017
Net income
$4.1 billion
+164.9% on the year
FY2010FY2017
Diluted EPS
$11.94
+163.6% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
3,645
3,595
3,327
+1.4%
Operating income
2,312
2,203
1,989
+5.0%
Operating margin
63.4%
61.3%
59.8%
Pre-tax income
2,526
2,288
1,957
+10.4%
Income tax
-1,537
754
710
Effective tax rate
-60.8%
32.9%
36.3%
Net income
4,063
1,534
1,247
+164.9%
Net margin
111.5%
42.7%
37.5%
Diluted EPS
$11.94
$4.53
$3.69
+163.6%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
1,751
1,732
1,532
+1.1%
Capital expenditure
81.9
91.8
114
-10.8%
Free cash flow
1,669
1,640
1,418
+1.8%
Free cash flow margin
45.8%
45.6%
42.6%
Cash from investing
180
53.7
17.9
+235.0%
Cash from financing
-1,985
-1,620
-1,224
Depreciation and amortisation
113
129
129
-12.5%
Share-based compensation
58.0
66.2
60.8
-12.4%
Dividends paid
1,994
1,787
1,343
+11.5%
Dividend per share
$6.14
$4.90
$4.90
+25.3%
Diluted shares, weighted
340m
339m
338m
+0.4%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
22,412
20,341
20,552
+10.2%
Non-controlling interest
0.0
n/a
n/a
Short-term borrowings
0.0
n/a
n/a
Debt
2,233
2,231
2,229
+0.1%
Other liabilities
51,146
46,798
44,590
+9.3%
Total liabilities and equity
75,791
69,369
67,372
+9.3%
Fixed assets
400
425
492
-6.0%
Goodwill
7,569
7,569
7,569
0.0%
Intangible assets
2,346
2,442
2,538
-3.9%
Investments
90.1
83.3
72.5
+8.2%
Trading assets
68.9
62.7
55.9
+9.9%
Cash and equivalents
1,904
1,869
1,693
+1.9%
Receivables
360
364
358
-1.3%
Other assets
63,054
56,554
54,594
+11.5%
Total assets
75,791
69,369
67,372
+9.3%
10-K for the year ended 31 December 2017, filed 1 March 2018: the filing.