01—Abstract
Summary
Summary of the 8-K filed February 10, 2021. Cited figures are marked; the original filing is the authoritative source.
CME Group Inc. (CME) filed an 8-K on February 10, 2021, to report its financial results for the fourth quarter and full year ended December 31, 2020.
The report primarily incorporates by reference a press release (Exhibit 99.1) detailing these results. Investors should note that while GAAP financial statements are presented, the press release also includes non-GAAP financial measures such as non-GAAP net income and earnings per share. CME Group's management believes these non-GAAP measures offer valuable supplemental information for understanding financial and business trends, as well as enhancing comparability with prior periods.
A reconciliation of these non-GAAP figures to their most directly comparable GAAP measures is provided within the press release, adhering to Regulation G requirements. Investors are encouraged to review both the GAAP and non-GAAP information, understanding that non-GAAP measures should be considered supplementary to, and not a replacement for, GAAP figures.
02—Key points
Key Highlights
- CME Group Inc. reported its Q4 and full-year 2020 financial results on February 10, 2021, via an 8-K filing.
- The filing incorporates a press release (Exhibit 99.1) containing the detailed financial results.
- The press release includes non-GAAP financial measures, such as non-GAAP net income and EPS, as supplemental information.
- Management believes non-GAAP measures aid in understanding business trends and improve comparability with prior periods.
- A reconciliation between non-GAAP and GAAP financial measures is provided in the press release as required by Regulation G.
- Investors should consider these non-GAAP measures 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 main purpose of this 8-K filing is to officially report CME Group Inc.'s financial results for the quarter and year ended December 31, 2020, by incorporating a press release that contains these details.
Does the filing include GAAP financial results?
Yes, the filing references CME Group's financial statements on a GAAP basis. However, the primary details are within the incorporated press release, which also includes non-GAAP measures.
What are non-GAAP financial measures and why are they included?
Non-GAAP financial measures, such as non-GAAP net income and earnings per share, are financial metrics not prepared in accordance with Generally Accepted Accounting Principles (GAAP). CME Group includes them because management believes they provide valuable supplemental information about financial and business trends and allow for better comparison with historical performance.
Where can I find the reconciliation between non-GAAP and GAAP figures?
The reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures is included within the press release, which is attached as Exhibit 99.1 to this 8-K filing.
04—Continue