Summary
CME Group Inc. (CME) filed an 8-K on July 31, 2019, to report its financial results for the second quarter ended June 30, 2019. The filing primarily incorporates by reference a press release (Exhibit 99.1) detailing these results. Investors should note that the press release includes both GAAP and non-GAAP financial measures, such as non-GAAP net income and earnings per share. Management asserts that these non-GAAP measures offer valuable supplemental information for understanding financial and business trends and for comparing performance against prior periods. While management believes these non-GAAP figures provide a better measure of comparability, it's crucial for investors to recognize that these metrics are not prepared in accordance with Generally Accepted Accounting Principles (GAAP). The company has provided reconciliations for these non-GAAP measures to their most directly comparable GAAP counterparts, as required by Regulation G. Investors are advised to review these reconciliations and consider the non-GAAP information as a supplement to, not a replacement for, GAAP-based financial reporting.
Key Highlights
- 1CME Group Inc. released its Q2 2019 financial results on July 31, 2019, via an 8-K filing.
- 2The core of the filing is Exhibit 99.1, a press release dated July 31, 2019.
- 3The press release includes both GAAP and non-GAAP financial metrics.
- 4Non-GAAP net income and earnings per share are presented as supplemental information.
- 5Management believes non-GAAP measures enhance comparability and provide insights into financial trends.
- 6Reconciliations between non-GAAP and GAAP measures are provided within the press release.
- 7Investors should treat non-GAAP figures as supplementary to, not a substitute for, GAAP results.