CME Group (CME) FY2020 results: revenue $4.9 billion, up 0.3% on the year
CME Group Inc. (CME) reported revenue of $4.9 billion for fiscal 2020, the year ended 31 December 2020, up 0.3% on the year before. Net income was $2.1 billion, down 0.5%, and diluted earnings per share $5.87. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2021.
Revenue
$4.9 billion
+0.3% on the year
FY2013FY2020
Operating margin
54.0%
53.2% a year earlier
FY2013FY2020
Net income
$2.1 billion
-0.5% on the year
FY2013FY2020
Diluted EPS
$5.87
-0.7% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
4,884
4,868
4,309
+0.3%
Operating income
2,637
2,588
2,608
+1.9%
Operating margin
54.0%
53.2%
60.5%
Pre-tax income
2,722
2,690
2,778
+1.2%
Income tax
616
574
814
+7.3%
Effective tax rate
22.6%
21.3%
29.3%
Net income
2,105
2,116
1,962
-0.5%
Net margin
43.1%
43.5%
45.5%
Diluted EPS
$5.87
$5.91
$5.71
-0.7%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
2,716
2,673
2,441
+1.6%
Capital expenditure
198
246
117
-19.6%
Free cash flow
2,518
2,427
2,324
+3.7%
Free cash flow margin
51.6%
49.9%
53.9%
Cash from investing
-176
-153
-1,890
Cash from financing
47,247
-2,341
-1,080
Depreciation and amortisation
153
159
119
-3.4%
Share-based compensation
96.0
73.1
96.5
+31.3%
Dividends paid
2,110
1,696
2,150
+24.4%
Dividend per share
$5.90
$5.50
$4.55
+7.3%
Diluted shares, weighted
359m
358m
344m
+0.1%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
26,320
26,129
25,918
+0.7%
Non-controlling interest
31.6
30.4
46.8
+3.9%
Short-term borrowings
0.0
0.0
n/a
Debt
3,444
3,743
4,401
-8.0%
Operating lease liabilities
492
515
n/a
-4.4%
Finance lease liabilities
83.8
91.5
n/a
-8.4%
Other liabilities
94,288
44,706
47,109
+110.9%
Total liabilities and equity
124,660
75,215
77,476
+65.7%
Fixed assets
579
544
449
+6.5%
Goodwill
10,799
10,742
10,805
+0.5%
Intangible assets
4,865
5,118
5,500
-4.9%
Investments
101
83.2
72.9
+21.3%
Trading assets
82.6
66.1
52.7
+25.0%
Cash and equivalents
1,633
1,551
1,374
+5.3%
Receivables
461
492
553
-6.2%
Other assets
106,138
56,619
58,668
+87.5%
Total assets
124,660
75,215
77,476
+65.7%
10-K for the year ended 31 December 2020, filed 26 February 2021: the filing.