Summary
CME Group Inc. (CME) filed an 8-K report on October 28, 2020, primarily to announce its financial results for the third quarter ended September 30, 2020. The report references a press release (Exhibit 99.1) containing these results. Investors should note that while the press release provides GAAP financial measures, it also includes non-GAAP measures such as non-GAAP net income and earnings per share. Management considers these non-GAAP figures important for supplemental information and comparability with prior periods, though they should be viewed alongside and not as a substitute for GAAP results. A reconciliation of these non-GAAP measures to their GAAP equivalents is provided in the press release as required by Regulation G.
Key Highlights
- 1CME Group Inc. announced its Q3 2020 financial results via an 8-K filing on October 28, 2020.
- 2The report incorporates a press release (Exhibit 99.1) detailing the financial performance for the quarter ended September 30, 2020.
- 3Non-GAAP financial measures, including non-GAAP net income and earnings per share, are presented alongside GAAP results.
- 4Management believes non-GAAP measures offer valuable supplemental information for understanding financial trends and comparability.
- 5Reconciliation between non-GAAP and GAAP financial measures is provided in the press release.
- 6The filing is for informational purposes regarding operational and financial condition updates.
Frequently Asked Questions
The main purpose of this 8-K filing is to announce CME Group Inc.'s financial results for the third quarter ended September 30, 2020, as detailed in an attached press release.
Yes, the attached press release includes both Generally Accepted Accounting Principles (GAAP) financial measures and supplemental non-GAAP financial measures, such as non-GAAP net income and earnings per share.
CME Group presents non-GAAP financial measures because management believes they provide important supplemental information to investors about financial and business trends, and allow for better comparability with the company's prior financial reports.
The reconciliation of the non-GAAP financial measures to the most directly comparable GAAP financial measures is included within the press release (Exhibit 99.1) attached to this 8-K filing.