Financial Questions

Where can I find historical financial information about CME?

Please refer to the Interactive Analyst Center for the latest financial data or to our Form 10-Q or Form 10-K, as applicable, in the SEC and PSE Filings section for more historical financial information.

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When does the CME fiscal year end?

Our fiscal year ends on December 31st.

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What is your functional and reporting currency?

Our reporting currency is the U.S. dollar, and the functional currency of CME Ltd. is the Euro. 

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How do I reconcile free cash flow (“FCF”) to OIBDA1?

In order to reconcile OIBDA to FCF you first need to adjust OIBDA for non-cash items, which means you need to:

  • add back amortization of program rights (as investments in programming are considered below); and
  • add back stock-based compensation.

Then you need to adjust OIBDA for changes in working capital.

Finally, you need to add or deduct cash items that were not included in OIBDA. This means you will lower OIBDA for the following outgoing payments:

  • programming payments
  • capex payments
  • interest payments; and
  • tax payments.

Please note that when using publically available data you may not be able to reconcile OIBDA to FCF with zero difference due to certain items that are not disclosed separately.

Unlevered free cash flow is defined as FCF before payments for interest and Guarantee Fees, which better illustrates the cash generated by our operations when comparing periods. 

Reconciliations of OIBDA, FCF and unlevered free cash flow to the most comparable GAAP measures can be found in our latest filings (Form 10-Q or Form 10-K) in the Segment Note to the Consolidated Financial Statements, as well as in the Interactive Analyst Center section of our website.

 

 

(1) OIBDA includes amortization and impairment of program rights and is calculated as operating income / loss before depreciation, amortization of intangible assets and impairments of assets and certain unusual or infrequent items that are not considered by our coCEOs when evaluating our performance. Stock-based compensation and certain other items are not allocated to our segments for purposes of evaluating their performance and therefore are not included in their respective OIBDA.  

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Do you hedge your currencies?

Although our reporting currency is the U.S. dollar, we conduct business in a number of foreign currencies and the functional currency of CME Ltd. is the Euro. In limited instances, we enter into forward foreign exchange contracts to minimize foreign currency exchange rate risk on U.S. dollar denominated cash payments.

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What does the net investment in programming consist of and how does it impact your free cash flow?

Net investment in programming is the difference between cash paid for programming and the amortization expense recognized for programming that is reflected in OIBDA. An increased investment in acquired programming or in our locally-produced programming would decrease our free cash flow.

We usually purchase programming for future periods, which means that the amortization expense is not recognized in the same period as the cash payment for the related programming.

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Stock Related Questions

What exchange are shares of CME’s stock traded on and under what ticker symbol?

Shares of CME’s stock are traded on the NASDAQ Global Select Market and the Prague Stock exchange under the ticker CETV.

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How many shares of Class A Common Stock does CME have outstanding?

Please refer to our Equity Structure for the number of shares outstanding.

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What is the CME’s free float and who are your biggest shareholders?

Please refer to our Equity Structure.

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When is the next shareholder meeting for CME?

The next general meeting of shareholders will be included in the list of events in our calendar as soon as it is announced.

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What is CME's history of paying dividends?

Historically, CME has not paid dividends.

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Debt Related Questions

What is your debt structure and maturity profile?

Please refer to our Debt Structure section.

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Where are your outstanding notes traded and under which securities ID ISIN?

Please refer to our Debt Info section for information about the listing.

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Where can I find the indentures for your outstanding notes?

Please refer to our Debt Info section for the indentures.

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In what currencies are your notes denominated?

You can find this information in our Debt Structure section.

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Contact Information

How do I contact CME Investor Relations?

You can contact us via e-mail at investorrelations@cme.net

or by phone at +420 242465605. Please note that we are in the CET time zone (Prague, Czech Republic).

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