Company name:
Cboe Global Markets Inc
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IPO SHARE PRICE:$29.00
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IPO DATE:15 June 2010
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TICKER:CBOE
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MAIN STOCK EXCHANGE:NASDAQ
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CURRENT HQ LOCATION:400 South LaSalle Street Chicago Illinois 60605
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FISCAL YEAR END:December 31
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INCORPORATION JURISDICTION:DE
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ORGANIZED AS THE FOLLOWING LEGAL TYPE:Corporation
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Investor Relations Webpage:Coming soon!
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TAX RATE:USA federal corporate nominal income tax rate is 21%
Short Description
Cboe Global Markets Inc
We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com
Balance Sheet
(USD in thousand)
3.8%
12.5%
5.2%
Selected Year:
31-Dec
2020
2020
Current Assets
Most valuable part of Current Assets is Cash and Marketable Securities which should be watched carefully; at the same time high and growing level of Accounts Receivables is very dangerous sign
24.0%
12.5% —
Margin deposits and clearing funds
5.2% —
Accounts Receivable
3.8% —
Cash and cash equivalents
1.4% —
Short-term passive investments
0.8% —
Income tax receivable
0.4% —
Other short-term assets
Liquidity
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The most liquid asset, however, most companies don't keep much of it and invest excess cash into marketable securities such as Government bonds - in the US - Treasuries
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$143,500 | $275,100 | $229,300 | $245,400 | ||||||||
| Short-term passive investments | 47,300 | 35,700 | 71,000 | 92,400 | ||||||||
| Accounts Receivable | 217,300 | 287,300 | 234,700 | 337,300 | ||||||||
| Marketing fee receivable | - | - | - | - | ||||||||
| Income tax receivable | 17,200 | 70,400 | 56,800 | 53,100 | ||||||||
| Other receivables | - | - | - | - | ||||||||
| Margin deposits and clearing funds | - | - | - | 812,100 | ||||||||
| Prepaid medical benefits | - | - | - | - | ||||||||
| Other prepaid expenses | - | - | - | - | ||||||||
| Deferred financing costs | - | - | - | - | ||||||||
| Other short-term assets | 9,400 | 15,200 | 15,800 | 26,500 | ||||||||
| Total current assets | $434,700 | $683,700 | $607,600 | $1,566,800 |
26.5%
44.4%
Selected Year:
31-Dec
2020
2020
Non-Current Assets
Non-current assets characterize company's business: high Property, Plant, and Equipment means that company is in capital-intensive industry which typically is very cyclical (earnings fluctuate a lot); watch out for high level of Goodwill and other non-intangibles which is bad sign as they typically worth very low relative to their value shown on the balance sheet
76.0%
44.4% —
Goodwill
26.5% —
Intangible assets
1.7% —
Operating lease - right-of-use assets
1.3% —
Property and equipment net
1.2% —
Other non-current assets
0.7% —
Long-term passive investments
0.2% —
Property held for sale
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| Long-term passive investments | 82,700 | 86,200 | 61,200 | 42,700 | ||||||||
| Investments in Affiliates | - | - | - | - | ||||||||
| Property and equipment net | 73,900 | 71,700 | 47,000 | 82,600 | ||||||||
| Property held for sale | - | - | 21,100 | 13,000 | ||||||||
| Land | 4,900 | 4,900 | - | - | ||||||||
| Building | - | - | - | - | ||||||||
| Furniture and equipment | - | - | - | - | ||||||||
| Construction in progress | - | - | - | - | ||||||||
| Accumulated depreciation and amortization | - | - | - | - | ||||||||
| Total Property and Equipment Net | - | - | - | - | ||||||||
| Data processing software and other assets | - | - | - | - | ||||||||
| Software development work in progress | - | - | - | - | ||||||||
| Operating lease - right-of-use assets | - | - | 53,400 | 111,000 | ||||||||
| Deferred tax assets | - | - | - | - | ||||||||
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Intangible assets
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1,902,600 | 1,720,200 | 1,589,900 | 1,729,000 | ||||||||
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Goodwill
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2,707,400 | 2,691,400 | 2,682,100 | 2,895,100 | ||||||||
| Other non-current assets | 59,500 | 62,900 | 51,600 | 76,300 | ||||||||
| Total other assets | - | - | - | - | ||||||||
| Total non-current assets | 4,831,000 | 4,637,300 | 4,506,300 | 4,949,700 |
| Total assets | $5,265,700 | $5,321,000 | $5,113,900 | $6,516,500 |
3.8%
5.8%
17.4%
27.8%
41.6%
Selected Year:
31-Dec
2020
2020
Current Liabilities
Current Liabilities represent company's short-term dues to others. The most important part to watch for is short-term debt and accounts payables
20.2%
3.8% —
Accounts payable and accrued liabilities
2.3% —
Section 31 fees payable
1.1% —
Current maturities of long-term debt
0.2% —
Current portion of Contingent consideration
0.2% —
Current portion of deferred revenue
0.1% —
Income tax payable
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| Marketing fee payable | - | - | - | - | ||||||||
| Income tax payable | 2,600 | 4,100 | 4,000 | 4,200 | ||||||||
| Section 31 fees payable | 105,600 | 81,100 | 99,000 | 152,900 | ||||||||
| Accounts payable and accrued liabilities | 153,800 | 198,500 | 171,900 | 250,000 | ||||||||
| Accounts payable and accrued expenses | - | - | - | - | ||||||||
| Dividend payable | - | - | - | - | ||||||||
| Settlement payable | - | - | - | - | ||||||||
| Current portion of deferred revenue | 15,400 | 8,500 | 4,500 | 10,200 | ||||||||
| Deferred revenue and other liabilities | - | - | - | - | ||||||||
| Current portion of Contingent consideration | 56,600 | 3,900 | 2,200 | 15,200 | ||||||||
| Post-retirement benefit obligation | - | - | - | - | ||||||||
| Post-retirement medical benefits | - | - | - | - | ||||||||
| Current maturities of long-term debt | - | 299,800 | - | 68,700 | ||||||||
| Total current liabilities | $334,000 | $595,900 | $281,600 | $1,313,300 |
Selected Year:
31-Dec
2020
2020
Non-Current Liabilities
The most critical items are revolving credit facility, term loans, and then notes - any forms of debt; in addition, pay attention to items like pension liabilites and leases- hidden debt
28.5%
17.4% —
Long-term debt
5.8% —
Deferred tax liability
2.5% —
Unrecognized tax benefits
2.0% —
Operating leases
0.4% —
Other non-current liabilities
0.3% —
Contingent consideration
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| Income tax payable | - | - | - | - | ||||||||
| Income tax liability | 78,800 | 114,900 | - | - | ||||||||
| Contingent consideration | - | - | - | 17,500 | ||||||||
| Deferred tax liability | 488,200 | 436,800 | 399,700 | 377,600 | ||||||||
| Post-retirement medical benefits | - | - | - | - | ||||||||
| Post-retirement benefit obligation | - | - | - | - | ||||||||
| Long-term debt | 1,237,900 | 915,600 | 867,600 | 1,135,200 | ||||||||
| Operating leases | - | - | 46,700 | 132,100 | ||||||||
| Unrecognized tax benefits | - | - | 135,900 | 164,700 | ||||||||
| Other non-current liabilities | 6,800 | 7,400 | 26,800 | 27,200 | ||||||||
| Total long-term liabilities | 1,811,700 | 1,474,700 | 1,476,700 | 1,854,300 | ||||||||
| Redeemable non-controlling interest | $9,400 | - | - | - |
| Total Liabilities | $2,145,700 | $2,070,600 | $1,758,300 | $3,167,600 |
Selected Year:
31-Dec
2020
2020
Equity
It's residue that is owned by shareholders after satisfying all of the liabilities with all of the assets; the larger the amount, the better the business is
51.4%
41.6% —
Additional paid-in capital
27.8% —
Retained earnings
1.2% —
Accumulated other comprehensive (loss) income
0.0% —
Common stock
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Redeemable non-controlling interest
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- | $9,400 | - | - | ||||||||
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Preferred Stock
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- | - | - | - | ||||||||
| Members Equity | - | - | - | - | ||||||||
| Unrestricted common stock | - | - | - | - | ||||||||
| Common stock | 1,200 | 1,200 | 1,200 | 1,200 | ||||||||
| Common stock Class A-2 | - | - | - | - | ||||||||
| Treasury Stock | - | - | (887,100) | - | ||||||||
| Treasury Stock at cost | (558,300) | (720,100) | (887,100) | (1,250,400) | ||||||||
| Retained earnings | 993,300 | 1,288,200 | 1,512,600 | 1,809,800 | ||||||||
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Additional paid-in capital
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2,623,700 | 2,660,200 | 2,691,300 | 2,713,300 | ||||||||
| Accumulated other comprehensive (loss) income | 50,700 | 11,500 | 37,600 | 75,000 | ||||||||
| Accumulated other comprehensive loss | - | - | - | - | ||||||||
| Total Equity | $3,110,600 | $3,241,000 | $3,355,600 | $3,348,900 |
| Total Liabilities and Equity | $5,265,700 | $5,321,000 | $5,113,900 | $6,516,500 |