← Cboe Global Markets, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $186.8m | $401.7m | $426.5m | $374.9m | $468.2m | $529.0m | $235.0m | $761.4m | $764.9m | $1.1b | |
| Net Income (Loss) Available to Common Stockholders, Basic | $184.9m | $396.7m | $422.1m | $372.7m | $467.0m | $527.3m | $234.1m | $757.5m | $761.0m | $1.1b | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $185.7m | $400.6m | $425.2m | $370.8m | $468.2m | $529.0m | $235.0m | $761.4m | $764.9m | $1.1b | |
| Net Income (Loss) Attributable to Noncontrolling Interest | ($1.1m) | ($1.1m) | ($1.3m) | ($4.1m) | — | — | — | — | — | — | |
| Depreciation, Depletion and Amortization | $78k | $192.2m | $204.0m | $176.6m | $158.5m | $167.4m | $166.8m | $158.0m | $133.0m | $122.4m | |
| Amortization of Debt Issuance Costs | — | $3.0m | $1.8m | $1.6m | — | — | — | — | — | — | |
| Amortization of Debt Issuance Costs and Discounts | — | $3.6m | $2.5m | $2.2m | $2.0m | $2.2m | $2.4m | $2.6m | $2.3m | — | |
| Amortization of Intangible Assets | — | $142.9m | $160.0m | $138.6m | $124.8m | $126.6m | $124.3m | $116.6m | $88.7m | $70.2m | |
| Depreciation | $44.4m | $31.3m | $25.1m | $24.5m | $26.8m | $33.5m | $35.3m | $33.0m | $34.0m | $42.0m | |
| Deferred Income Tax Expense (Benefit) | ($8.8m) | ($238.4m) | ($47.7m) | ($37.2m) | ($30.9m) | ($18.9m) | ($155.7m) | ($15.2m) | ($23.6m) | ($8.4m) | |
| Share-based Payment Arrangement, Noncash Expense | $14.5m | $52.6m | $35.1m | $21.8m | $21.7m | $26.6m | $30.7m | $41.3m | $41.8m | $50.4m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $26.1m | $20.9m | $11.0m | $14.2m | $6.2m | $8.9m | $13.9m | $29.5m | $29.8m | |
| Share-based Payment Arrangement, Expense | — | $52.6m | $35.1m | $21.8m | $21.7m | $26.6m | $30.7m | $33.9m | — | — | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | — | — | — | — | — | ($5.1m) | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | — | — | — | — | $81.0m | — | |
| Goodwill, Impairment Loss | — | — | $0 | $10.5m | — | — | $460.9m | — | $0 | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | — | — | — | — | $36.6m | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | — | — | $10.6m | $1.8m | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | $0 | $0 | $0 | $0 | $0 | $81.0m | — | |
| Gain (Loss) on Disposition of Intangible Assets | — | — | — | — | — | — | — | — | — | $900k | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($9k) | — | ($1.0m) | ($4.4m) | — | ($400k) | ($300k) | ($100k) | $700k | $0 | |
| Income (Loss) from Equity Method Investments | $1.2m | $1.4m | $1.1m | $2.2m | $1.1m | ($400k) | $4.2m | $36.9m | $26.5m | $84.2m | |
| Income Tax Expense (Benefit) | $120.9m | ($66.2m) | $146.0m | $130.6m | $192.2m | $227.1m | $197.9m | $286.2m | $318.9m | $466.6m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $51.5m | $52.3m | |
| Other Nonoperating Income (Expense) | $8.4m | $3.8m | $10.0m | $100k | $35.8m | ($2.4m) | ($300k) | $600k | ($19.4m) | $9.6m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $7.4m | $20.6m | $70.3m | ($50.3m) | $90.0m | ($12.0m) | $49.8m | ($39.4m) | $124.3m | ($79.4m) | |
| Increase (Decrease) in Other Operating Assets | — | — | — | — | ($23.4m) | — | — | — | — | — | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | — | — | — | — | $2.7m | — | — | |
| Deconsolidation, Gain (Loss), Amount | — | — | — | ($2.0m) | — | — | — | — | — | — | |
| Gain (Loss) on Investments | — | — | — | — | — | — | $7.5m | — | $0 | — | |
| Goodwill | $26.5m | $2.7b | $2.7b | $2.7b | $2.9b | $3.0b | $3.1b | $3.1b | $3.1b | $3.2b | |
| Investment Income, Interest | — | $1.3m | $2.3m | $1.9m | $1.1m | $600k | $3.6m | $12.0m | $27.3m | $49.4m | |
| Operating Expenses | $358.7m | $623.7m | $617.5m | $599.7m | $592.1m | $670.2m | $1.3b | $860.1m | $974.0m | $962.0m | |
| Proceeds from Stock Options Exercised | — | $2.0m | $2.1m | $9.3m | $200k | — | — | — | — | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | $6.7m | $700k | $1.6m | $4.0m | $3.1m | $800k | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $2.8b | $2.5b | $3.4b | $3.5b | $4.0b | $3.8b | $4.1b | $4.7b | |
| Net Cash Provided by (Used in) Operating Activities | $229.6m | $374.4m | $534.7m | $632.8m | $1.5b | $596.8m | $651.1m | $1.1b | $1.1b | $1.8b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $0 | $37.5m | $36.3m | $35.1m | $47.4m | $51.0m | $59.8m | $45.0m | $60.9m | $71.0m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $1.4b | — | — | $351.5m | $151.5m | $708.3m | — | $0 | — | |
| Payments for (Proceeds from) Other Investing Activities | $421k | — | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($84.4m) | ($1.4b) | ($25.6m) | ($15.9m) | ($430.5m) | ($352.7m) | ($835.1m) | ($55.1m) | ($141.8m) | $450.2m | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | — | $1.9b | $300.0m | — | $493.7m | $110.0m | $663.6m | — | $0 | — | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | — | $155.1m | $178.7m | $98.0m | $202.5m | $160.2m | $51.2m | $135.7m | $67.9m | $248.1m | |
| Repayments of Long-term Debt | — | $700.0m | $325.0m | $350.0m | $155.0m | $20.0m | $220.0m | $305.0m | $0 | $0 | |
| Payments for Repurchase of Common Stock | $60.5m | — | $140.9m | $156.9m | $349.1m | $81.3m | $100.9m | $83.9m | $204.8m | $66.7m | |
| Payments of Ordinary Dividends, Common Stock | — | $118.1m | $130.3m | $150.0m | $170.6m | $193.3m | $209.4m | $223.5m | $249.4m | $284.3m | |
| Payments of Dividends | — | $118.1m | $130.3m | $150.0m | $170.6m | $193.3m | $209.4m | $223.5m | $249.4m | $284.3m | |
| Net Cash Provided by (Used in) Financing Activities | ($150.1m) | $1.1b | ($371.6m) | ($662.9m) | ($201.7m) | ($200.3m) | $81.7m | ($656.1m) | ($495.0m) | ($371.6m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $8.6m | $131.6m | ($45.8m) | $828.2m | $34.7m | ($112.3m) | $417.2m | $368.7m | $2.1b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $275.1m | $229.3m | $1.1b | $1.1b | $979.9m | $1.4b | $1.8b | $3.9b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $27.0m | $38.7m | $32.7m | $29.2m | $42.1m | $51.0m | $56.7m | $100.1m | $91.7m | |
| Income Taxes Paid, Net | $142.1m | $177.4m | $213.4m | $134.9m | $191.5m | $209.8m | $271.1m | $286.4m | $362.4m | $391.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.