01—Abstract
Summary
Summary of the 8-K filed October 30, 2019. Cited figures are marked; the original filing is the authoritative source.
CME Group Inc. (CME) filed an 8-K on October 30, 2019, to report its financial results for the third quarter ended September 30, 2019.
The filing primarily incorporates by reference a press release (Exhibit 99.1) that details these results. Investors should note that while the press release provides GAAP financial information, it also includes non-GAAP measures such as non-GAAP net income and earnings per share. Management utilizes these non-GAAP figures to offer supplemental insights into the company's financial performance and business trends, aiming for enhanced comparability with prior periods.
While these non-GAAP metrics are presented as a supplement to GAAP results, investors are advised to consider them alongside the official GAAP statements and the provided reconciliations, as they are not a substitute for GAAP reporting. The press release itself is the primary source of detailed financial information within this filing.
02—Key points
Key Highlights
- CME Group Inc. filed an 8-K on October 30, 2019, announcing Q3 2019 financial results.
- The core of the filing is an attached press release (Exhibit 99.1) containing the financial results.
- The press release includes both GAAP and non-GAAP financial measures.
- Key non-GAAP metrics disclosed are non-GAAP net income and non-GAAP earnings per share.
- Management believes non-GAAP measures offer supplemental insights and aid comparability with prior periods.
- Reconciliations between non-GAAP and GAAP measures are provided in the press release per Regulation G requirements.
- This filing's information is not deemed 'filed' for Section 18 of the Securities Exchange Act of 1934, unless specifically incorporated into other filings.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
The main purpose of this 8-K filing is to publicly announce and provide CME Group Inc.'s financial results for the third quarter ended September 30, 2019, through an incorporated press release.
What are non-GAAP financial measures, and why does CME Group use them?
Non-GAAP financial measures, such as non-GAAP net income and earnings per share, are financial metrics that are not calculated in accordance with Generally Accepted Accounting Principles (GAAP). CME Group uses them to provide supplemental information to management and investors about financial and business trends, believing they offer a better measure of comparability with the company's prior financial reports.
Should investors rely solely on the non-GAAP financial measures presented?
No, investors should not rely solely on the non-GAAP financial measures. Management presents these as supplemental information and acknowledges that they should be considered as a supplement to, and not as a substitute for, or superior to, the corresponding measures calculated in accordance with GAAP. The press release includes reconciliations to the most directly comparable GAAP financial measures.
Where can I find the detailed financial results for Q3 2019?
The detailed financial results for the quarter ended September 30, 2019, are primarily located in the press release attached as Exhibit 99.1 to this 8-K filing.
04—Continue