Company name:
Cboe Global Markets Inc
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IPO SHARE PRICE:$29.00
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IPO DATE:June 15, 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
Statement of Cash Flow
(USD in thousand)
Selected Year:
31-Dec
2020
2020
OPERATING ACTIVITIES
Cash received and spent on operating activites of business — buying materials, paying salaries, receiving payments from clients, etc
49.4% -
Margin deposits and clearing funds
28.5% -
Net income (loss)
9.6% -
Depreciation and amortization
3.6% -
Accounts payable and accrued liabilities
3.3% -
Section 31 fees payable
1.8% -
Unrecognized tax benefits
1.3% -
Stock-based compensation
0.9% -
Impairment of investments
0.5% -
Impairment of assets held for sale
0.4% -
Provision for credit losses on notes receivable
0.3% -
Income tax receivable
0.3% -
Deferred revenue
0.1% -
Amortization of debt issuance cost and debt premium or discount
0.0% -
Provision for credit losses on accounts receivable
SOURCEs
0.0%
9.6%
49.4%
3.6%
3.3%
28.5%
100 %
0%
USES
89.0%
5.5%
5.5% -
Accounts receivable
2.0% -
Bargain purchase gain
1.9% -
Deferred income taxes
1.4% -
Other assets
0.1% -
Equity in investments
0.1% -
Income tax payable
0.1% -
Other liabilities
0.0% -
(Gain) loss on sale of available-for-sale securities
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | $425,200 | $370,800 | $468,200 | $468,200 | $349,200 | ||||||||||
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Depreciation and amortization
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204,000 | 176,600 | 158,500 | 158,500 | 162,000 | ||||||||||
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Amortization of debt issuance cost and debt premium or discount
Amortization of debt issuance cost and debt premium or discount
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- | 2,200 | 2,000 | 2,000 | 2,000 | ||||||||||
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Amortization of debt issuance costs
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2,500 | 2,200 | - | - | - | ||||||||||
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Stock-based compensation
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35,100 | 21,800 | 21,700 | 21,700 | 17,600 | ||||||||||
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Other amortization
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- | - | - | - | - | ||||||||||
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Provision for credit losses on accounts receivable
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- | 1,000 | 100 | 100 | - | ||||||||||
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Provision for credit losses on notes receivable
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- | 23,400 | 6,700 | 6,700 | - | ||||||||||
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Deferred income taxes
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(47,700) | (37,200) | (30,900) | (30,900) | (88,400) | ||||||||||
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(Income) loss from equity method investments
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- | - | - | - | - | ||||||||||
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Impairment of data processing software
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- | - | - | - | - | ||||||||||
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Loss on goodwill impairment
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- | 10,500 | - | - | - | ||||||||||
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(Gain) loss on sale of property
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1,000 | 4,400 | - | - | - | ||||||||||
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Gain on settlement of contingent consideration
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- | - | - | - | - | ||||||||||
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Impairment of assets held for sale
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- | 6,100 | 8,100 | 8,100 | - | ||||||||||
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Impairment of equity method investment
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- | - | - | - | - | ||||||||||
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Impairment of investments
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- | - | 15,100 | 15,100 | 60,400 | ||||||||||
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Impairment of investment and other assets
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- | - | - | - | - | ||||||||||
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(Gain) loss on sale of available-for-sale securities
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(1,400) | (1,300) | (400) | (400) | - | ||||||||||
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Equity in investments
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(1,100) | (2,200) | (1,100) | (1,100) | (800) | ||||||||||
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Loss related to deconsolidation of former subsidiary
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- | 2,000 | - | - | - | ||||||||||
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Bargain purchase gain
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- | - | (32,600) | (32,600) | - | ||||||||||
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Change in fair value of contingent consideration
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3,900 | 2,600 | - | - | - | ||||||||||
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Provision for uncollectable accounts receivable
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- | 1,000 | - | - | - | ||||||||||
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Provision for uncollectable notes receivable
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- | 23,400 | - | - | - | ||||||||||
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Provision for uncollectable convertible notes receivable
Provision for uncollectable convertible notes receivable
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- | - | - | - | - | ||||||||||
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Marketing fee receivable
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- | - | - | - | - | ||||||||||
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Accounts receivable
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(70,300) | 50,300 | (90,000) | (90,000) | (186,800) | ||||||||||
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Income tax receivable
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(53,200) | 13,500 | 5,400 | 5,400 | 20,800 | ||||||||||
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Other receivables
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- | - | - | - | - | ||||||||||
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Margin deposits and clearing funds
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- | - | 812,100 | 812,100 | 160,800 | ||||||||||
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Prepaid expenses and other assets
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- | - | - | - | - | ||||||||||
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Other prepaid expenses
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(15,800) | (16,900) | - | - | - | ||||||||||
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Access fees subject to fee-based payment
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- | - | - | - | - | ||||||||||
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Settlement with appellants
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- | - | - | - | - | ||||||||||
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Other assets
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- | (16,900) | (23,400) | (23,400) | (24,800) | ||||||||||
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Marketing fee payable
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- | - | - | - | - | ||||||||||
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Accounts payable and accrued liabilities
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46,800 | (25,700) | 59,400 | 59,400 | 152,000 | ||||||||||
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Income tax payable
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400 | 100 | (1,100) | (1,100) | 1,600 | ||||||||||
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Section 31 fees payable
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(24,500) | 17,900 | 53,900 | 53,900 | 453,200 | ||||||||||
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Post-retirement benefit obligations
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- | - | - | - | - | ||||||||||
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Income tax liability
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36,100 | 21,000 | - | - | - | ||||||||||
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Unrecognized tax benefits
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- | 21,000 | 28,800 | 28,800 | 29,600 | ||||||||||
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Deferred revenue
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(7,000) | (4,100) | 4,500 | 4,500 | (13,600) | ||||||||||
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Deferred revenue and other liabilities
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- | - | - | - | - | ||||||||||
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Other liabilities
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700 | (4,000) | (1,100) | (1,100) | (4,000) | ||||||||||
| Net cash provided by (used in) operating activities | $534,700 | $632,800 | $1,458,800 | $1,458,800 | $1,077,600 |
Selected Year:
31-Dec
2020
2020
INVESTING ACTIVITIES
Cash spent on acquiring plant, equipment and other businesses, cash recei0 from sale of plant, equipment and subsidiaries as well cash parked temporarily in different securities - government bonds typically
32.0% -
Maturities of available-for-sale securities
0.1% -
Insurance proceeds
SOURCEs
68.0%
32.0%
100 %
0%
USES
-0.0%
7.5%
35.1%
55.5%
55.5% -
Acquisitions
35.1% -
(Purchases) sale of available-for-sale securities
7.5% -
(Purchase) sale of property and equipment
1.9% -
Contributions to investments
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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Restricted funds-temporary access fees
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- | - | - | - | - | ||||||||||
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(Purchases) sale of available-for-sale securities
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(166,200) | (108,800) | (222,500) | (222,500) | (270,400) | ||||||||||
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Purchases of investment securities
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(1,800) | - | - | - | - | ||||||||||
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Maturities of available-for-sale securities
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178,700 | 98,000 | 202,500 | 202,500 | - | ||||||||||
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Return of capital from investments
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- | 30,000 | - | - | - | ||||||||||
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Contributions to investments
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- | - | (12,100) | (12,100) | (1,600) | ||||||||||
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Investments
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- | - | - | - | - | ||||||||||
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Capital expenditures
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- | - | - | - | - | ||||||||||
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(Purchase) sale of property and equipment
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(36,300) | (35,100) | (47,400) | (47,400) | (40,800) | ||||||||||
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(Purchase) sale of property
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- | - | - | - | - | ||||||||||
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Sale of NSX certificates of proprietary membership
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- | - | - | - | - | ||||||||||
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Acquisitions
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- | - | (351,500) | (351,500) | (992,800) | ||||||||||
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Investment in Signal Trading Systems LLC
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- | - | - | - | - | ||||||||||
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Investment in IPXI Holdings LLC
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- | - | - | - | - | ||||||||||
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Acquisition of majority stake in business
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- | - | - | - | - | ||||||||||
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Acquisition of business net of cash
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- | - | - | - | - | ||||||||||
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Acquisition-related contingent consideration payments
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- | - | - | - | - | ||||||||||
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Insurance proceeds
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- | - | 500 | 500 | 2,000 | ||||||||||
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Other investing activities
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- | - | - | - | - | ||||||||||
| Net cash provided by (used in) investing activities | ($25,600) | ($15,900) | ($430,500) | ($430,500) | ($1,303,600) |
Selected Year:
31-Dec
2020
2020
FINANCING ACTIVITIES
Items in this group are concerned with borrowing funds, repaying debt, issuing equity, buying back shares, etc.
64.5% -
Long-term borrowing
9.1% -
Borrowing under Revolving Credit Facility
0.0% -
Proceeds from issuance of common stock upon exercise of stock options
SOURCEs
26.3%
64.5%
9.1%
100 %
0%
USES
22.3%
9.1%
20.2%
45.6%
45.6% -
Repurchases of common stock
22.3% -
Dividends paid
20.2% -
Repayment of long-term borrowing
9.1% -
Repayment of Revolving Credit Facility
1.9% -
Repurchase of common stock from employee stock plans
0.6% -
Debt issuance costs
0.3% -
Acquisition-related contingent consideration payments
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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Issuance of common stock
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- | - | - | - | - | ||||||||||
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Proceeds from issuance of common stock upon exercise of stock options
Proceeds from issuance of common stock upon exercise of stock options
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2,100 | 9,300 | 200 | 200 | - | ||||||||||
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Borrowing under Revolving Credit Facility
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39,000 | - | 70,000 | 70,000 | - | ||||||||||
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Repayment of Revolving Credit Facility
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(39,000) | - | (70,000) | (70,000) | (280,000) | ||||||||||
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Long-term borrowing
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300,000 | - | 493,700 | 493,700 | 1,974,800 | ||||||||||
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Repayment of long-term borrowing
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(325,000) | (350,000) | (155,000) | (155,000) | (620,000) | ||||||||||
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Repayment of debt of acquired business
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- | - | - | - | - | ||||||||||
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Debt issuance costs
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- | - | (4,500) | (4,500) | (18,000) | ||||||||||
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Deferred financing costs
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- | - | - | - | - | ||||||||||
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Exercise Right privilege payable
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- | - | - | - | - | ||||||||||
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Acquisition-related contingent consideration payments
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(56,600) | (4,300) | (2,200) | (2,200) | - | ||||||||||
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Excess tax benefit from stock-based compensation
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- | - | - | - | - | ||||||||||
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Dividends paid
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(130,300) | (150,000) | (170,600) | (170,600) | (181,200) | ||||||||||
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Quarterly dividends
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- | - | - | - | - | ||||||||||
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Special dividend paid
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- | - | - | - | - | ||||||||||
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Special dividend on Class A and B common stock
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- | - | - | - | - | ||||||||||
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Repurchases of common stock
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(140,900) | (156,900) | (349,100) | (349,100) | (352,000) | ||||||||||
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Purchase of common stock from employees
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(20,900) | (11,000) | - | - | - | ||||||||||
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Repurchase of common stock from employee stock plans
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- | (11,000) | (14,200) | (14,200) | - | ||||||||||
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Tender offer for common stock
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- | - | - | - | - | ||||||||||
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Other stock repurchases
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- | - | - | - | - | ||||||||||
| Net cash provided by (used in) financing activities | ($371,600) | ($662,900) | ($201,700) | ($201,700) | $523,600 |
Selected Year:
31-Dec
2020
2020
NET CHANGE IN CASH
Grand Total for sum of cash flows coming from operations, investing and financing
$828,200,000
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents - Beginning of period | $143,500 | $275,100 | $229,300 | - | $3,938,400 | ||||||||||
| Effect of changes in foreign exchange rates on cash | (5,900) | 200 | 1,600 | - | (6,000) | ||||||||||
| (Decrease) increase in cash and cash equivalents | 131,600 | (45,800) | 828,200 | - | 291,600 | ||||||||||
| Cash and equivalents - End of period | $275,100 | $229,300 | $1,057,500 | - | $4,230,000 |