01—Abstract
Summary
Summary of the 8-K filed July 31, 2019. Cited figures are marked; the original filing is the authoritative source.
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.
02—Key points
Key Highlights
- CME Group Inc. released its Q2 2019 financial results on July 31, 2019, via an 8-K filing.
- The core of the filing is Exhibit 99.1, a press release dated July 31, 2019.
- The press release includes both GAAP and non-GAAP financial metrics.
- Non-GAAP net income and earnings per share are presented as supplemental information.
- Management believes non-GAAP measures enhance comparability and provide insights into financial trends.
- Reconciliations between non-GAAP and GAAP measures are provided within the press release.
- Investors should treat non-GAAP figures as supplementary to, not a substitute for, GAAP results.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
The primary purpose of this 8-K filing is to officially report CME Group Inc.'s financial results for the second quarter ended June 30, 2019, by incorporating a press release containing these details.
What is a key point regarding the financial metrics presented?
The financial results include both GAAP (Generally Accepted Accounting Principles) and non-GAAP measures. Non-GAAP net income and earnings per share are provided as supplemental information to aid investor understanding and comparability.
Why does CME Group provide non-GAAP financial measures?
CME Group's management believes that non-GAAP financial measures, such as non-GAAP net income and EPS, offer valuable supplemental information about financial and business trends and allow for better comparability with the company's historical financial reports.
How should investors interpret the non-GAAP financial measures?
Investors should view the non-GAAP financial measures as supplementary to the official GAAP-based financial statements. The company has provided reconciliations to the most directly comparable GAAP measures, and these should be reviewed to understand the adjustments made.
04—Continue