What is a non-GAAP earnings per share and why is CME Group using it?

Non-GAAP earnings per share is a financial measure that excludes certain items from the calculation of earnings per share as reported under Generally Accepted Accounting Principles (GAAP). CME Group is using it because management believes it provides important supplemental information that helps investors understand financial and business trends and offers better comparability with the company's prior financial reports.

Should investors rely solely on the non-GAAP earnings per share figures?

No, investors should not rely solely on the non-GAAP earnings per share figures. The company explicitly states that these non-GAAP measures should be considered as a supplement to, and not as a substitute for, or superior to, the corresponding measures calculated in accordance with GAAP. A reconciliation to GAAP measures is provided.

Where can I find the detailed financial results and the reconciliation of non-GAAP measures?

The detailed financial results and the reconciliation of non-GAAP earnings per share to the most directly comparable GAAP financial measures can be found in the press release attached as Exhibit 99.1 to this 8-K filing.

CME 8-K: Earnings & Results

Q: What is the primary purpose of this 8-K filing?

The primary purpose of this 8-K filing is to report CME Group Inc.'s financial results for the third quarter ended September 30, 2013, and to incorporate by reference the press release detailing these results.

Summary

CME Group Inc. (CME) filed an 8-K on November 4, 2013, primarily to report its financial results for the third quarter ended September 30, 2013. The report includes a press release detailing these results, which investors should review for a comprehensive understanding of the company's performance. Notably, the filing emphasizes the use of non-GAAP earnings per share as a supplemental metric, which management believes enhances comparability with prior periods and provides additional insights into business trends. While the press release is incorporated by reference, it's important for investors to understand that the information presented, particularly the non-GAAP measures, is supplementary and not a replacement for GAAP-compliant financial statements. The company has provided a reconciliation of these non-GAAP figures to their GAAP equivalents, adhering to Regulation G, allowing investors to make informed comparisons and assessments of CME Group's financial condition and operational performance.

Key Highlights

1CME Group Inc. reported its financial results for the third quarter ended September 30, 2013, via an 8-K filing on November 4, 2013.
2The filing incorporates by reference a press release (Exhibit 99.1) containing the detailed financial results.
3CME Group is presenting non-GAAP earnings per share alongside GAAP results.
4Management believes non-GAAP earnings per share offers valuable supplemental information for assessing financial and business trends.
5The non-GAAP measure is intended to improve comparability with historical financial reports.
6The company acknowledges that non-GAAP adjustments include recurring items.
7Reconciliation between non-GAAP and GAAP financial measures is provided in the press release as required by Regulation G.

CME GROUP INC. 8-K Report, Financial Results (Nov 4, 2013)

Summary

Key Highlights

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