CME Group (CME) FY2018 results: revenue $4.3 billion, up 18.2% on the year
CME Group Inc. (CME) reported revenue of $4.3 billion for fiscal 2018, the year ended 31 December 2018, up 18.2% on the year before. Net income was $2.0 billion, down 51.7%, and diluted earnings per share $5.71. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$4.3 billion
+18.2% on the year
FY2011FY2018
Operating margin
60.5%
63.4% a year earlier
FY2011FY2018
Net income
$2.0 billion
-51.7% on the year
FY2011FY2018
Diluted EPS
$5.71
-52.2% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
4,309
3,645
3,595
+18.2%
Operating income
2,608
2,312
2,203
+12.8%
Operating margin
60.5%
63.4%
61.3%
Pre-tax income
2,778
2,526
2,288
+10.0%
Income tax
814
-1,537
754
Effective tax rate
29.3%
-60.8%
32.9%
Net income
1,962
4,063
1,534
-51.7%
Net margin
45.5%
111.5%
42.7%
Diluted EPS
$5.71
$11.94
$4.53
-52.2%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
2,441
1,751
1,732
+39.4%
Capital expenditure
117
81.9
91.8
+42.5%
Free cash flow
2,324
1,669
1,640
+39.2%
Free cash flow margin
53.9%
45.8%
45.6%
Cash from investing
-1,890
180
53.7
Cash from financing
-1,080
-1,985
-1,620
Depreciation and amortisation
119
113
129
+5.0%
Share-based compensation
96.5
58.0
66.2
+66.4%
Dividends paid
2,150
1,994
1,787
+7.8%
Dividend per share
$4.55
$6.14
$4.90
-25.9%
Diluted shares, weighted
344m
340m
339m
+1.0%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
25,918
22,412
20,341
+15.6%
Non-controlling interest
46.8
0.0
n/a
Short-term borrowings
n/a
0.0
n/a
Debt
4,401
2,233
2,231
+97.1%
Other liabilities
47,109
51,146
46,798
-7.9%
Total liabilities and equity
77,476
75,791
69,369
+2.2%
Fixed assets
449
400
425
+12.3%
Goodwill
10,805
7,569
7,569
+42.8%
Intangible assets
5,500
2,346
2,442
+134.4%
Investments
72.9
90.1
83.3
-19.1%
Trading assets
52.7
68.9
62.7
-23.5%
Cash and equivalents
1,374
1,904
1,869
-27.8%
Receivables
553
360
364
+53.8%
Other assets
58,668
63,054
56,554
-7.0%
Total assets
77,476
75,791
69,369
+2.2%
10-K for the year ended 31 December 2018, filed 28 February 2019: the filing.