01—Abstract
Summary
Summary of the 8-K filed February 12, 2020. Cited figures are marked; the original filing is the authoritative source.
CME Group Inc. (CME) filed an 8-K report on February 12, 2020, primarily to announce its financial results for the quarter ended December 31, 2019.
The filing incorporates by reference a press release dated February 12, 2020, which details these results. Investors should note that the press release includes non-GAAP financial measures, such as non-GAAP net income and earnings per share, alongside GAAP results. Management believes these non-GAAP measures offer valuable supplemental information for understanding financial and business trends, providing better comparability with prior periods.
A reconciliation between the non-GAAP and GAAP figures is included in the press release as required by Regulation G. While these non-GAAP measures are presented as supplementary, they should not be considered a substitute for, or superior to, the GAAP-based financial statements.
02—Key points
Key Highlights
- CME Group Inc. reported financial results for the quarter ended December 31, 2019, via an 8-K filing on February 12, 2020.
- The key financial information is provided through an attached press release (Exhibit 99.1).
- The press release includes both GAAP and non-GAAP financial measures.
- Non-GAAP financial measures disclosed include non-GAAP net income and earnings per share.
- Management views non-GAAP measures as important supplemental information for assessing financial trends and comparability.
- A reconciliation of non-GAAP to GAAP measures is included in the press release, adhering to Regulation G.
- The non-GAAP information is presented as supplemental and not a replacement for GAAP reporting.
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 report CME Group Inc.'s financial results for the quarter ended December 31, 2019, through an attached press release.
Does the filing contain both GAAP and non-GAAP financial information?
Yes, the press release incorporated by reference in this 8-K filing presents both GAAP financial results and non-GAAP financial measures, such as non-GAAP net income and earnings per share.
Why does CME Group provide non-GAAP financial measures?
CME Group provides non-GAAP measures because management believes they offer important supplemental information about financial and business trends, allowing for better comparability with the company's prior financial reports.
Are the non-GAAP financial measures presented as a replacement for GAAP results?
No, the company states that these non-GAAP measures should be considered a supplement to, and not a substitute for, or superior to, the corresponding GAAP financial measures. A reconciliation to GAAP is provided.
04—Continue