CME Group (CME) FY2019 results: revenue $4.9 billion, up 13.0% on the year
CME Group Inc. (CME) reported revenue of $4.9 billion for fiscal 2019, the year ended 31 December 2019, up 13.0% on the year before. Net income was $2.1 billion, up 7.9%, and diluted earnings per share $5.91. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2020.
Revenue
$4.9 billion
+13.0% on the year
FY2012FY2019
Operating margin
53.2%
60.5% a year earlier
FY2012FY2019
Net income
$2.1 billion
+7.9% on the year
FY2012FY2019
Diluted EPS
$5.91
+3.5% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
4,868
4,309
3,645
+13.0%
Operating income
2,588
2,608
2,312
-0.8%
Operating margin
53.2%
60.5%
63.4%
Pre-tax income
2,690
2,778
2,526
-3.2%
Income tax
574
814
-1,537
-29.5%
Effective tax rate
21.3%
29.3%
-60.8%
Net income
2,116
1,962
4,063
+7.9%
Net margin
43.5%
45.5%
111.5%
Diluted EPS
$5.91
$5.71
$11.94
+3.5%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
2,673
2,441
1,751
+9.5%
Capital expenditure
246
117
81.9
+110.5%
Free cash flow
2,427
2,324
1,669
+4.4%
Free cash flow margin
49.9%
53.9%
45.8%
Cash from investing
-153
-1,890
180
Cash from financing
-2,341
-1,080
-1,985
Depreciation and amortisation
159
119
113
+33.6%
Share-based compensation
73.1
96.5
58.0
-24.2%
Dividends paid
1,696
2,150
1,994
-21.1%
Dividend per share
$5.50
$4.55
$6.14
+20.9%
Diluted shares, weighted
358m
344m
340m
+4.2%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
26,129
25,918
22,412
+0.8%
Non-controlling interest
30.4
46.8
0.0
-35.0%
Short-term borrowings
0.0
n/a
0.0
Debt
3,743
4,401
2,233
-14.9%
Operating lease liabilities
515
n/a
n/a
Finance lease liabilities
91.5
n/a
n/a
Other liabilities
44,706
47,109
51,146
-5.1%
Total liabilities and equity
75,215
77,476
75,791
-2.9%
Fixed assets
544
449
400
+21.2%
Goodwill
10,742
10,805
7,569
-0.6%
Intangible assets
5,118
5,500
2,346
-7.0%
Investments
83.2
72.9
90.1
+14.1%
Trading assets
66.1
52.7
68.9
+25.4%
Cash and equivalents
1,551
1,374
1,904
+12.9%
Receivables
492
553
360
-11.1%
Other assets
56,619
58,668
63,054
-3.5%
Total assets
75,215
77,476
75,791
-2.9%
10-K for the year ended 31 December 2019, filed 28 February 2020: the filing.