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Cboe Global Markets Inc
Buy, Hold or Sell?

Let's analyze Cboe together

I guess you are interested in Cboe Global Markets Inc. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Cboe Global Markets Inc. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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1. Quick Overview

1.1. Quick analysis of Cboe (30 sec.)










1.2. What can you expect buying and holding a share of Cboe? (30 sec.)

How much money do you get?

How much money do you get?
$2.21
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
$37.98
Expected worth in 1 year
$41.42
How sure are you?
92.5%

+ What do you gain per year?

Total Gains per Share
$5.65
Return On Investment
2.8%

For what price can you sell your share?

Current Price per Share
$199.47
Expected price per share
$175.37 - $210.71
How sure are you?
50%
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2. Detailed Analysis

2.1. Valuation of Cboe (5 min.)




Live pricePrice per Share (EOD)
$199.47
Intrinsic Value Per Share
$80.16 - $156.74
Total Value Per Share
$118.14 - $194.72

2.2. Growth of Cboe (5 min.)




Is Cboe growing?

Current yearPrevious yearGrowGrow %
How rich?$4b$3.4b$464.2m11.7%

How much money is Cboe making?

Current yearPrevious yearGrowGrow %
Making money$192.5m$162.6m$29.9m15.5%
Net Profit Margin20.3%16.7%--

How much money comes from the company's main activities?

2.3. Financial Health of Cboe (5 min.)




2.4. Comparing to competitors in the Financial Data & Stock Exchanges industry (5 min.)




  Industry Rankings (Financial Data & Stock Exchanges)  


Richest
#13 / 42

Most Revenue
#13 / 42

Most Profit
#16 / 42
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3. Summary and Key Metrics

3.1. What can you expect buying and holding a share of Cboe?

Welcome investor! Cboe's management wants to use your money to grow the business. In return you get a share of Cboe.

First you should know what it really means to hold a share of Cboe. And how you can make/lose money.

Speculation

The Price per Share of Cboe is $199.47. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Cboe.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Cboe, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $37.98. Based on the TTM, the Book Value Change Per Share is $0.86 per quarter. Based on the YOY, the Book Value Change Per Share is $0.96 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.55 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Cboe.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps1.330.7%1.820.9%1.530.8%1.180.6%0.930.5%
Usd Book Value Change Per Share-0.020.0%0.860.4%0.960.5%0.410.2%0.890.4%
Usd Dividend Per Share0.550.3%0.550.3%0.500.3%0.460.2%0.350.2%
Usd Total Gains Per Share0.530.3%1.410.7%1.460.7%0.870.4%1.230.6%
Usd Price Per Share170.06-172.14-128.77-125.08-103.79-
Price to Earnings Ratio32.07-24.39-21.07-22.52-30.39-
Price-to-Total Gains Ratio322.75-170.90-99.23-186.59-214.08-
Price to Book Ratio4.48-4.61-3.92-3.77-9.18-
Price-to-Total Gains Ratio322.75-170.90-99.23-186.59-214.08-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share199.47
Number of shares5
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.550.46
Usd Book Value Change Per Share0.860.41
Usd Total Gains Per Share1.410.87
Gains per Quarter (5 shares)7.064.36
Gains per Year (5 shares)28.2317.43
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1111718987
2223446191624
3335274282441
44469102373358
55586130464175
666103158564992
7771201866557109
8881382147465126
9991552428373143
101101722709382160

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%11.01.00.091.7%19.01.00.095.0%39.01.00.097.5%62.01.00.098.4%
Book Value Change Per Share3.01.00.075.0%9.03.00.075.0%15.05.00.075.0%28.012.00.070.0%42.018.03.066.7%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%40.00.00.0100.0%58.00.05.092.1%
Total Gains per Share4.00.00.0100.0%11.01.00.091.7%19.01.00.095.0%37.03.00.092.5%54.06.03.085.7%
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3.2. Key Performance Indicators

The key performance indicators of Cboe Global Markets Inc compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.0230.860-103%0.963-102%0.408-106%0.886-103%
Book Value Per Share--37.97637.344+2%32.838+16%32.832+16%23.967+58%
Current Ratio--1.2341.307-6%1.134+9%1.385-11%1.726-28%
Debt To Asset Ratio--0.5650.516+10%0.524+8%0.485+17%0.433+31%
Debt To Equity Ratio--1.3011.076+21%1.108+17%0.975+33%0.800+63%
Dividend Per Share--0.5500.5520%0.502+10%0.463+19%0.348+58%
Eps--1.3261.815-27%1.528-13%1.178+13%0.929+43%
Free Cash Flow Per Share--2.6713.464-23%1.166+129%2.243+19%1.498+78%
Free Cash Flow To Equity Per Share--0.9941.921-48%-0.487+149%1.510-34%1.110-10%
Gross Profit Margin--0.9340.953-2%0.961-3%0.981-5%0.989-6%
Intrinsic Value_10Y_max--156.744--------
Intrinsic Value_10Y_min--80.159--------
Intrinsic Value_1Y_max--8.757--------
Intrinsic Value_1Y_min--6.379--------
Intrinsic Value_3Y_max--31.608--------
Intrinsic Value_3Y_min--20.711--------
Intrinsic Value_5Y_max--60.844--------
Intrinsic Value_5Y_min--36.628--------
Market Cap20871343980.000+14%18009354000.00018229626000.000-1%13687468000.000+32%13418258950.000+34%11201486013.500+61%
Net Profit Margin--0.1440.203-29%0.167-14%0.143+1%0.187-23%
Operating Margin--0.2990.303-1%0.252+19%0.249+20%0.308-3%
Operating Ratio--0.7330.682+7%0.745-2%0.750-2%0.697+5%
Pb Ratio5.252+15%4.4784.606-3%3.918+14%3.774+19%9.183-51%
Pe Ratio37.614+15%32.06824.389+31%21.065+52%22.519+42%30.385+6%
Price Per Share199.470+15%170.060172.140-1%128.773+32%125.078+36%103.788+64%
Price To Free Cash Flow Ratio18.667+15%15.91517.059-7%-0.895+106%9.733+64%-701.317+4507%
Price To Total Gains Ratio378.564+15%322.748170.896+89%99.234+225%186.590+73%214.079+51%
Quick Ratio--0.4040.565-29%0.591-32%0.883-54%1.470-73%
Return On Assets--0.0150.024-36%0.022-31%0.018-18%0.045-66%
Return On Equity--0.0350.049-28%0.047-25%0.035-1%0.073-52%
Total Gains Per Share--0.5271.411-63%1.465-64%0.871-40%1.234-57%
Usd Book Value--4021700000.0003954775000.000+2%3490550000.000+15%3526655000.000+14%2600510150.000+55%
Usd Book Value Change Per Share---0.0230.860-103%0.963-102%0.408-106%0.886-103%
Usd Book Value Per Share--37.97637.344+2%32.838+16%32.832+16%23.967+58%
Usd Dividend Per Share--0.5500.5520%0.502+10%0.463+19%0.348+58%
Usd Eps--1.3261.815-27%1.528-13%1.178+13%0.929+43%
Usd Free Cash Flow--282900000.000366825000.000-23%123900000.000+128%241125000.000+17%161877300.000+75%
Usd Free Cash Flow Per Share--2.6713.464-23%1.166+129%2.243+19%1.498+78%
Usd Free Cash Flow To Equity Per Share--0.9941.921-48%-0.487+149%1.510-34%1.110-10%
Usd Market Cap20871343980.000+14%18009354000.00018229626000.000-1%13687468000.000+32%13418258950.000+34%11201486013.500+61%
Usd Price Per Share199.470+15%170.060172.140-1%128.773+32%125.078+36%103.788+64%
Usd Profit--140400000.000192525000.000-27%162625000.000-14%126740000.000+11%100903750.000+39%
Usd Revenue--974000000.000952175000.000+2%973550000.000+0%892955000.000+9%641881225.000+52%
Usd Total Gains Per Share--0.5271.411-63%1.465-64%0.871-40%1.234-57%
 EOD+4 -4MRQTTM+8 -28YOY+18 -185Y+19 -1710Y+17 -19

3.3 Fundamental Score

Let's check the fundamental score of Cboe Global Markets Inc based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1537.614
Price to Book Ratio (EOD)Between0-15.252
Net Profit Margin (MRQ)Greater than00.144
Operating Margin (MRQ)Greater than00.299
Quick Ratio (MRQ)Greater than10.404
Current Ratio (MRQ)Greater than11.234
Debt to Asset Ratio (MRQ)Less than10.565
Debt to Equity Ratio (MRQ)Less than11.301
Return on Equity (MRQ)Greater than0.150.035
Return on Assets (MRQ)Greater than0.050.015
Total4/10 (40.0%)

3.4 Technical Score

Let's check the technical score of Cboe Global Markets Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5037.835
Ma 20Greater thanMa 50208.734
Ma 50Greater thanMa 100208.752
Ma 100Greater thanMa 200198.882
OpenGreater thanClose199.830
Total3/5 (60.0%)

4. In-depth Analysis

4.1 About Cboe Global Markets Inc

Cboe Global Markets, Inc., through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services. The Futures segment trades in futures. The Global FX segment provides institutional foreign exchange (FX) trading and non-deliverable forward FX transactions services. The Digital segment offers Cboe Digital, an operator of the United States based digital asset spot market and a regulated futures exchange; Cboe Clear Digital, a regulated clearinghouse; licensing of proprietary market data; and access and capacity services. The company has strategic relationships with S&P Dow Jones Indices, LLC; IHS Markit Ltd.; DJI Opco, LLC; Frank Russell Company; FTSE International Limited; and MSCI Inc. The company was formerly known as CBOE Holdings, Inc. and changed its name to Cboe Global Markets, Inc. in October 2017. Cboe Global Markets, Inc. was founded in 1973 and is headquartered in Chicago, Illinois.

Fundamental data was last updated by Penke on 2024-11-02 05:36:03.

4.2 In-depth Summary

4.2.1. Financial Health Summary

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
The company is efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

4.2.2. Valuation Summary

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is fair priced.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is underpriced.
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4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. Net Profit Margin

Measures how much net profit Cboe earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Cboe to the Financial Data & Stock Exchanges industry mean.
  • A Net Profit Margin of 14.4% means that $0.14 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Cboe Global Markets Inc:

  • The MRQ is 14.4%. The company is making a huge profit. +2
  • The TTM is 20.3%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ14.4%TTM20.3%-5.9%
TTM20.3%YOY16.7%+3.5%
TTM20.3%5Y14.3%+6.0%
5Y14.3%10Y18.7%-4.4%
Compared to industry (Financial Data & Stock Exchanges)
PeriodCompanyIndustry (mean)+/- 
MRQ14.4%23.2%-8.8%
TTM20.3%25.2%-4.9%
YOY16.7%27.6%-10.9%
5Y14.3%28.9%-14.6%
10Y18.7%28.7%-10.0%
4.3.1.2. Return on Assets

Shows how efficient Cboe is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Cboe to the Financial Data & Stock Exchanges industry mean.
  • 1.5% Return on Assets means that Cboe generated $0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Cboe Global Markets Inc:

  • The MRQ is 1.5%. Using its assets, the company is less efficient in making profit.
  • The TTM is 2.4%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.5%TTM2.4%-0.9%
TTM2.4%YOY2.2%+0.2%
TTM2.4%5Y1.8%+0.5%
5Y1.8%10Y4.5%-2.6%
Compared to industry (Financial Data & Stock Exchanges)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5%1.8%-0.3%
TTM2.4%2.0%+0.4%
YOY2.2%2.2%+0.0%
5Y1.8%1.8%+0.0%
10Y4.5%2.1%+2.4%
4.3.1.3. Return on Equity

Shows how efficient Cboe is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Cboe to the Financial Data & Stock Exchanges industry mean.
  • 3.5% Return on Equity means Cboe generated $0.03 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Cboe Global Markets Inc:

  • The MRQ is 3.5%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 4.9%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ3.5%TTM4.9%-1.4%
TTM4.9%YOY4.7%+0.2%
TTM4.9%5Y3.5%+1.4%
5Y3.5%10Y7.3%-3.8%
Compared to industry (Financial Data & Stock Exchanges)
PeriodCompanyIndustry (mean)+/- 
MRQ3.5%5.0%-1.5%
TTM4.9%5.1%-0.2%
YOY4.7%4.9%-0.2%
5Y3.5%5.1%-1.6%
10Y7.3%4.9%+2.4%
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4.3.2. Operating Efficiency of Cboe Global Markets Inc.

4.3.2. Operating Efficiency
4.3.2.1. Operating Margin

Measures how efficient Cboe is operating .

  • Measures how much profit Cboe makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Cboe to the Financial Data & Stock Exchanges industry mean.
  • An Operating Margin of 29.9% means the company generated $0.30  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Cboe Global Markets Inc:

  • The MRQ is 29.9%. The company is operating very efficient. +2
  • The TTM is 30.3%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ29.9%TTM30.3%-0.4%
TTM30.3%YOY25.2%+5.1%
TTM30.3%5Y24.9%+5.4%
5Y24.9%10Y30.8%-5.9%
Compared to industry (Financial Data & Stock Exchanges)
PeriodCompanyIndustry (mean)+/- 
MRQ29.9%30.5%-0.6%
TTM30.3%32.9%-2.6%
YOY25.2%32.3%-7.1%
5Y24.9%31.2%-6.3%
10Y30.8%36.9%-6.1%
4.3.2.2. Operating Ratio

Measures how efficient Cboe is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Financial Data & Stock Exchanges industry mean).
  • An Operation Ratio of 0.73 means that the operating costs are $0.73 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Cboe Global Markets Inc:

  • The MRQ is 0.733. The company is efficient in keeping operating costs low. +1
  • The TTM is 0.682. The company is efficient in keeping operating costs low. +1
Trends
Current periodCompared to+/- 
MRQ0.733TTM0.682+0.051
TTM0.682YOY0.745-0.063
TTM0.6825Y0.750-0.068
5Y0.75010Y0.697+0.053
Compared to industry (Financial Data & Stock Exchanges)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7330.743-0.010
TTM0.6820.722-0.040
YOY0.7450.771-0.026
5Y0.7500.723+0.027
10Y0.6970.702-0.005
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4.4.3. Liquidity of Cboe Global Markets Inc.

4.4.3. Liquidity
4.4.3.1. Current Ratio

Measures if Cboe is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Financial Data & Stock Exchanges industry mean).
  • A Current Ratio of 1.23 means the company has $1.23 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Cboe Global Markets Inc:

  • The MRQ is 1.234. The company is just able to pay all its short-term debts.
  • The TTM is 1.307. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.234TTM1.307-0.073
TTM1.307YOY1.134+0.173
TTM1.3075Y1.385-0.078
5Y1.38510Y1.726-0.341
Compared to industry (Financial Data & Stock Exchanges)
PeriodCompanyIndustry (mean)+/- 
MRQ1.2341.127+0.107
TTM1.3071.188+0.119
YOY1.1341.283-0.149
5Y1.3851.474-0.089
10Y1.7261.628+0.098
4.4.3.2. Quick Ratio

Measures if Cboe is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Cboe to the Financial Data & Stock Exchanges industry mean.
  • A Quick Ratio of 0.40 means the company can pay off $0.40 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Cboe Global Markets Inc:

  • The MRQ is 0.404. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.565. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.404TTM0.565-0.161
TTM0.565YOY0.591-0.026
TTM0.5655Y0.883-0.318
5Y0.88310Y1.470-0.587
Compared to industry (Financial Data & Stock Exchanges)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4040.809-0.405
TTM0.5650.863-0.298
YOY0.5911.255-0.664
5Y0.8831.244-0.361
10Y1.4701.418+0.052
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4.5.4. Solvency of Cboe Global Markets Inc.

4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio

Measures how much % of Cboe assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Cboe to Financial Data & Stock Exchanges industry mean.
  • A Debt to Asset Ratio of 0.57 means that Cboe assets are financed with 56.5% credit (debt) and the remaining percentage (100% - 56.5%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Cboe Global Markets Inc:

  • The MRQ is 0.565. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.516. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.565TTM0.516+0.049
TTM0.516YOY0.524-0.008
TTM0.5165Y0.485+0.031
5Y0.48510Y0.433+0.052
Compared to industry (Financial Data & Stock Exchanges)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5650.620-0.055
TTM0.5160.622-0.106
YOY0.5240.638-0.114
5Y0.4850.657-0.172
10Y0.4330.638-0.205
4.5.4.2. Debt to Equity Ratio

Measures if Cboe is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Cboe to the Financial Data & Stock Exchanges industry mean.
  • A Debt to Equity ratio of 130.1% means that company has $1.30 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Cboe Global Markets Inc:

  • The MRQ is 1.301. The company is able to pay all its debts with equity. +1
  • The TTM is 1.076. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.301TTM1.076+0.225
TTM1.076YOY1.108-0.032
TTM1.0765Y0.975+0.101
5Y0.97510Y0.800+0.175
Compared to industry (Financial Data & Stock Exchanges)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3011.607-0.306
TTM1.0761.523-0.447
YOY1.1081.774-0.666
5Y0.9752.076-1.101
10Y0.8001.902-1.102
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Cboe generates.

  • Above 15 is considered overpriced but always compare Cboe to the Financial Data & Stock Exchanges industry mean.
  • A PE ratio of 32.07 means the investor is paying $32.07 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Cboe Global Markets Inc:

  • The EOD is 37.614. Based on the earnings, the company is overpriced. -1
  • The MRQ is 32.068. Based on the earnings, the company is overpriced. -1
  • The TTM is 24.389. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD37.614MRQ32.068+5.546
MRQ32.068TTM24.389+7.679
TTM24.389YOY21.065+3.323
TTM24.3895Y22.519+1.870
5Y22.51910Y30.385-7.866
Compared to industry (Financial Data & Stock Exchanges)
PeriodCompanyIndustry (mean)+/- 
EOD37.61433.013+4.601
MRQ32.06828.896+3.172
TTM24.38929.419-5.030
YOY21.06529.317-8.252
5Y22.51932.914-10.395
10Y30.38534.560-4.175
4.6.2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Cboe Global Markets Inc:

  • The EOD is 18.667. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 15.915. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 17.059. Based on how much money comes from the company's main activities, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD18.667MRQ15.915+2.752
MRQ15.915TTM17.059-1.144
TTM17.059YOY-0.895+17.954
TTM17.0595Y9.733+7.326
5Y9.73310Y-701.317+711.050
Compared to industry (Financial Data & Stock Exchanges)
PeriodCompanyIndustry (mean)+/- 
EOD18.66725.427-6.760
MRQ15.91521.448-5.533
TTM17.05922.119-5.060
YOY-0.89522.564-23.459
5Y9.73324.946-15.213
10Y-701.31722.095-723.412
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4.6.2. Book Value per Share
4.6.2.1. Price to Book Ratio

Measures if the stock price of Cboe is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Financial Data & Stock Exchanges industry mean).
  • A PB ratio of 4.48 means the investor is paying $4.48 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Cboe Global Markets Inc:

  • The EOD is 5.252. Based on the equity, the company is overpriced. -1
  • The MRQ is 4.478. Based on the equity, the company is fair priced.
  • The TTM is 4.606. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD5.252MRQ4.478+0.774
MRQ4.478TTM4.606-0.128
TTM4.606YOY3.918+0.688
TTM4.6065Y3.774+0.832
5Y3.77410Y9.183-5.409
Compared to industry (Financial Data & Stock Exchanges)
PeriodCompanyIndustry (mean)+/- 
EOD5.2523.962+1.290
MRQ4.4783.456+1.022
TTM4.6063.484+1.122
YOY3.9183.666+0.252
5Y3.7744.615-0.841
10Y9.1834.909+4.274
4.6.2. Total Gains per Share

2.4. Latest News of Cboe Global Markets Inc

Does Cboe Global Markets Inc still have the same value as the quarterly reports suggest? Recent changes may be an indication that the value of the company is changing. Read the news from Cboe Global Markets Inc to keep up to date. Note: the news is often already included in the price.

DateTitleRead
2024-10-21
18:02
The SEC greenlit Bitcoin ETF options trading. Here come the big fishRead
2024-10-17
00:35
Robinhood to Offer Cboe's Index Options, Expanding Retail AccessRead

4.7 Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Cboe Global Markets Inc.

4.8.3. Insider Transactions

Insiders are holding 0.407% of the shares of Cboe Global Markets Inc.

DateOwnerTypeAmountPricePost Transaction AmountLink
2024-09-04Jill GriebenowSELL1622213.33
2024-09-03Christopher A IsaacsonSELL6000204.89
2024-08-26Allen WilkinsonSELL74213.49
2024-08-07Catherine R ClaySELL600203.23
2024-08-02Dave HowsonSELL5073192.16
2024-07-25Dave HowsonSELL2392188.22
2024-07-22Dave HowsonSELL2500186.67
2024-06-21Christopher A IsaacsonSELL6000175
2024-05-09Catherine R ClaySELL1100185.06
2024-02-20Dave HowsonSELL5322186.96
2024-02-09Dave HowsonSELL8314183.88
2023-11-24Catherine R ClaySELL1300179.62
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5. Financial Statements




5.1. Latest Balance Sheet

Balance Sheet of 2024-06-30. Currency in USD. All numbers in thousands.

Summary
Total Assets9,255,600
Total Liabilities5,233,900
Total Stockholder Equity4,021,700
 As reported
Total Liabilities 5,233,900
Total Stockholder Equity+ 4,021,700
Total Assets = 9,255,600

Assets

Total Assets9,255,600
Total Current Assets3,899,500
Long-term Assets5,356,100
Total Current Assets
Cash And Cash Equivalents 619,800
Short-term Investments 47,100
Net Receivables 562,300
Total Current Assets  (as reported)3,899,500
Total Current Assets  (calculated)1,229,200
+/- 2,670,300
Long-term Assets
Property Plant Equipment 230,400
Goodwill 3,132,900
Long Term Investments 359,500
Intangible Assets 1,462,900
Long-term Assets  (as reported)5,356,100
Long-term Assets  (calculated)5,185,700
+/- 170,400

Liabilities & Shareholders' Equity

Total Current Liabilities3,158,900
Long-term Liabilities2,075,000
Total Stockholder Equity4,021,700
Total Current Liabilities
Short-term Debt 21,600
Accounts payable 24,700
Other Current Liabilities 3,102,700
Total Current Liabilities  (as reported)3,158,900
Total Current Liabilities  (calculated)3,149,000
+/- 9,900
Long-term Liabilities
Long term Debt 1,440,100
Capital Lease Obligations 147,900
Long-term Liabilities Other 43,000
Long-term Liabilities  (as reported)2,075,000
Long-term Liabilities  (calculated)1,631,000
+/- 444,000
Total Stockholder Equity
Common Stock1,100
Retained Earnings 2,758,400
Accumulated Other Comprehensive Income -26,400
Other Stockholders Equity 1,288,600
Total Stockholder Equity (as reported)4,021,700
Total Stockholder Equity (calculated)4,021,700
+/-0
Other
Capital Stock1,100
Cash and Short Term Investments 666,900
Common Stock Shares Outstanding 105,900
Current Deferred Revenue9,900
Liabilities and Stockholders Equity 9,255,600
Net Debt 968,200
Net Invested Capital 5,461,800
Net Working Capital 740,600
Property Plant and Equipment Gross 408,800
Short Long Term Debt Total 1,588,000



5.2. Balance Sheets Structured

Currency in USD. All numbers in thousands.

 Trend2024-06-302024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-11-042013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-31
> Total Assets 
0
0
0
571,948
632,527
523,666
530,624
254,112
320,820
319,422
344,643
327,868
353,441
343,806
377,526
338,858
409,625
429,862
441,150
378,180,000
441,589
412,844
385,781
367,086
383,901
375,797
362,109
397,419
384,788
394,830
406,644
441,342
477,165
5,345,100
5,395,600
5,228,100
5,265,700
5,328,200
5,316,900
5,119,500
5,321,000
5,330,400
5,159,300
5,019,300
5,113,900
5,237,500
5,366,300
6,076,800
6,516,500
6,958,100
7,096,500
7,582,700
6,814,500
8,198,100
7,476,100
7,297,400
6,998,900
7,903,500
7,195,900
7,732,500
7,718,200
8,152,100
9,255,600
9,255,6008,152,1007,718,2007,732,5007,195,9007,903,5006,998,9007,297,4007,476,1008,198,1006,814,5007,582,7007,096,5006,958,1006,516,5006,076,8005,366,3005,237,5005,113,9005,019,3005,159,3005,330,4005,321,0005,119,5005,316,9005,328,2005,265,7005,228,1005,395,6005,345,100477,165441,342406,644394,830384,788397,419362,109375,797383,901367,086385,781412,844441,589378,180,000441,150429,862409,625338,858377,526343,806353,441327,868344,643319,422320,820254,112530,624523,666632,527571,948000
   > Total Current Assets 
0
0
0
433,063
495,508
378,482
387,105
109,934
179,015
177,550
207,319
189,682
214,874
201,947
238,448
202,909
275,424
296,676
308,929
308,929,000
308,861
276,022
243,935
222,726
244,107
209,385
194,619
222,700
204,118
184,691
173,872
206,583
239,089
455,700
519,700
374,300
436,700
512,300
584,000
435,500
683,700
683,200
577,400
489,500
607,600
632,100
781,200
1,382,300
1,566,800
2,033,100
2,180,800
2,498,800
1,531,300
2,935,200
1,932,800
1,897,000
1,556,000
2,458,100
1,744,300
2,277,900
1,979,300
2,675,100
3,899,500
3,899,5002,675,1001,979,3002,277,9001,744,3002,458,1001,556,0001,897,0001,932,8002,935,2001,531,3002,498,8002,180,8002,033,1001,566,8001,382,300781,200632,100607,600489,500577,400683,200683,700435,500584,000512,300436,700374,300519,700455,700239,089206,583173,872184,691204,118222,700194,619209,385244,107222,726243,935276,022308,861308,929,000308,929296,676275,424202,909238,448201,947214,874189,682207,319177,550179,015109,934387,105378,482495,508433,063000
       Cash And Cash Equivalents 
0
0
0
383,730
439,497
324,066
322,936
53,789
115,689
106,545
147,220
134,936
148,629
127,137
160,281
135,597
210,486
207,766
226,378
226,378,000
221,341
199,065
145,111
126,519
147,927
137,558
89,634
121,678
102,253
107,482
52,193
72,759
97,298
153,300
148,600
124,800
143,500
166,300
140,000
136,800
275,100
346,200
161,300
150,000
229,300
165,200
210,100
212,700
245,400
263,300
450,900
392,400
341,900
659,400
373,300
353,300
432,700
435,600
413,600
403,100
548,300
541,200
619,800
619,800541,200548,300403,100413,600435,600432,700353,300373,300659,400341,900392,400450,900263,300245,400212,700210,100165,200229,300150,000161,300346,200275,100136,800140,000166,300143,500124,800148,600153,30097,29872,75952,193107,482102,253121,67889,634137,558147,927126,519145,111199,065221,341226,378,000226,378207,766210,486135,597160,281127,137148,629134,936147,220106,545115,68953,789322,936324,066439,497383,730000
       Short-term Investments 
0
0
0
0
0
0
0
0
0
12,156,000
0
0
240
0
0
0
0
0
14,034,000
14,034,000
0
0
0
0
0
0
0
0
0
0
0
0
0
41,300
110,400
2,400
47,300
64,000
131,800
900
35,700
30,200
82,900
21,400
71,000
43,600
176,500
22,800
92,400
95,500
118,700
26,700
37,100
48,700
68,500
27,400
91,700
80,200
103,700
34,000
20,800
23,600
47,100
47,10023,60020,80034,000103,70080,20091,70027,40068,50048,70037,10026,700118,70095,50092,40022,800176,50043,60071,00021,40082,90030,20035,700900131,80064,00047,3002,400110,40041,300000000000000014,034,00014,034,000000002400012,156,000000000000
       Net Receivables 
0
0
0
43,077
48,075
46,639
58,328
51,098
55,563
62,488
53,374
49,529
58,220
64,943
70,644
62,599
57,868
80,111
75,283
71,927
80,796
68,764
87,712
88,011
90,586
61,895
94,249
91,999
96,118
68,967
110,670
120,474
134,339
245,300
242,000
231,000
234,500
268,400
299,100
281,700
357,700
291,300
316,300
300,500
291,500
408,000
376,800
341,600
390,400
374,800
372,800
372,500
369,600
380,300
442,400
419,700
418,100
397,900
401,600
419,500
548,700
519,600
562,300
562,300519,600548,700419,500401,600397,900418,100419,700442,400380,300369,600372,500372,800374,800390,400341,600376,800408,000291,500300,500316,300291,300357,700281,700299,100268,400234,500231,000242,000245,300134,339120,474110,67068,96796,11891,99994,24961,89590,58688,01187,71268,76480,79671,92775,28380,11157,86862,59970,64464,94358,22049,52953,37462,48855,56351,09858,32846,63948,07543,077000
       Other Current Assets 
0
0
0
452
691
563
571
537
702
558
694
1,065
941
728
786
567
735
565
659
15,593
2,717
922
1,501
667
972
1,344
277
988
625
264
432
137
134
15,800
18,700
16,100
11,400
13,600
13,100
16,100
15,200
15,500
16,900
17,600
15,800
15,300
17,800
33,300
26,500
39,500
50,200
41,600
36,800
36,500
61,400
67,300
70,500
91,600
106,600
96,600
-1,117,800
-1,084,400
-1,229,200
-1,229,200-1,084,400-1,117,80096,600106,60091,60070,50067,30061,40036,50036,80041,60050,20039,50026,50033,30017,80015,30015,80017,60016,90015,50015,20016,10013,10013,60011,40016,10018,70015,8001341374322646259882771,3449726671,5019222,71715,5936595657355677867289411,065694558702537571563691452000
   > Long-term Assets 
0
0
0
138,885
137,019
145,184
143,519
144,178
141,805
141,872
137,324
138,186
138,567
141,859
139,078
135,949
134,201
133,186
132,221
127,814
132,728
136,822
141,846
144,360
139,794
166,412
167,490
174,719
180,670
210,139
232,772
234,759
238,076
4,889,400
4,875,900
4,853,800
4,829,000
4,815,900
4,732,900
4,684,000
4,637,300
4,647,200
4,581,900
4,529,800
4,506,300
4,605,400
4,585,100
4,694,500
4,949,700
4,925,000
4,915,700
5,083,900
5,283,200
5,262,900
5,543,300
5,400,400
5,442,900
5,445,400
5,451,600
5,454,600
5,508,200
5,477,000
5,356,100
5,356,1005,477,0005,508,2005,454,6005,451,6005,445,4005,442,9005,400,4005,543,3005,262,9005,283,2005,083,9004,915,7004,925,0004,949,7004,694,5004,585,1004,605,4004,506,3004,529,8004,581,9004,647,2004,637,3004,684,0004,732,9004,815,9004,829,0004,853,8004,875,9004,889,400238,076234,759232,772210,139180,670174,719167,490166,412139,794144,360141,846136,822132,728127,814132,221133,186134,201135,949139,078141,859138,567138,186137,324141,872141,805144,178143,519145,184137,019138,885000
       Property Plant Equipment 
0
0
0
96,165
94,905
91,560
90,864
86,998
86,290
86,403
82,500
81,712
81,541
84,170
82,441
78,959
77,191
76,195
74,165
67,294
72,208
74,094
75,142
75,293
71,770
67,639
67,082
63,136
65,274
62,977
66,044
64,825
60,849
79,500
80,500
82,100
78,800
79,100
70,300
70,800
76,600
129,900
104,700
102,400
100,400
184,700
193,400
198,700
193,600
191,900
211,600
218,800
217,600
231,500
234,600
222,300
222,200
224,500
223,500
217,500
245,800
236,600
230,400
230,400236,600245,800217,500223,500224,500222,200222,300234,600231,500217,600218,800211,600191,900193,600198,700193,400184,700100,400102,400104,700129,90076,60070,80070,30079,10078,80082,10080,50079,50060,84964,82566,04462,97765,27463,13667,08267,63971,77075,29375,14274,09472,20867,29474,16576,19577,19178,95982,44184,17081,54181,71282,50086,40386,29086,99890,86491,56094,90596,165000
       Goodwill 
0
0
0
39,630
7,079
39,086
38,284
44,565
43,359
5,404
7,727
42,169
42,804
43,477
42,380
42,721
42,789
42,817
44,022
0
45,939
48,157
51,993
54,148
55,673
56,033
57,001
7,655
7,655
26,468
26,468
26,468
26,468
2,675,600
2,686,400
2,696,300
2,707,400
2,718,200
2,701,300
2,697,600
2,691,400
2,697,500
2,680,000
2,663,400
2,682,100
2,725,400
2,730,400
2,781,500
2,895,100
2,898,000
2,899,500
3,024,700
3,025,400
3,018,100
3,132,000
3,113,900
3,122,800
3,128,400
3,138,400
3,124,900
3,140,600
3,133,800
3,132,900
3,132,9003,133,8003,140,6003,124,9003,138,4003,128,4003,122,8003,113,9003,132,0003,018,1003,025,4003,024,7002,899,5002,898,0002,895,1002,781,5002,730,4002,725,4002,682,1002,663,4002,680,0002,697,5002,691,4002,697,6002,701,3002,718,2002,707,4002,696,3002,686,4002,675,60026,46826,46826,46826,4687,6557,65557,00156,03355,67354,14851,99348,15745,939044,02242,81742,78942,72142,38043,47742,80442,1697,7275,40443,35944,56538,28439,0867,07939,630000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
12,156
11,965
14,305
14,222
14,212
14,257
14,270
14,221
14,174
14,034
14,581
14,581
14,571
14,711
14,919
12,351
42,740
43,407
43,680
48,430
66,456
72,698
73,469
72,923
82,000
82,000
83,200
82,700
85,000
88,700
88,700
86,200
63,400
63,500
69,700
61,200
62,300
61,300
53,200
42,700
40,700
41,100
36,000
245,800
244,500
243,500
253,600
253,200
269,700
294,200
342,600
345,300
361,800
359,500
359,500361,800345,300342,600294,200269,700253,200253,600243,500244,500245,80036,00041,10040,70042,70053,20061,30062,30061,20069,70063,50063,40086,20088,70088,70085,00082,70083,20082,00082,00072,92373,46972,69866,45648,43043,68043,40742,74012,35114,91914,71114,57114,58114,58114,03414,17414,22114,27014,25714,21214,22214,30511,96512,156000000000
       Intangible Assets 
0
0
0
39,630
7,079
39,086
38,284
44,565
43,359
5,404
7,727
42,169
42,804
43,477
42,380
42,720
42,789
42,817
44,022
45,939
45,939
48,157
51,993
54,148
55,673
56,033
57,001
60,248
59,311
67,209
67,562
69,997
71,646
1,996,000
2,015,900
1,978,200
1,902,600
1,876,700
1,850,500
1,768,200
1,720,200
1,724,000
1,680,000
1,631,800
1,589,900
1,583,800
1,553,000
1,615,500
1,729,000
1,735,700
1,708,400
1,740,000
1,668,600
1,665,800
1,832,500
1,706,000
1,662,800
1,636,500
1,614,400
1,609,400
1,604,800
1,568,000
1,462,900
1,462,9001,568,0001,604,8001,609,4001,614,4001,636,5001,662,8001,706,0001,832,5001,665,8001,668,6001,740,0001,708,4001,735,7001,729,0001,615,5001,553,0001,583,8001,589,9001,631,8001,680,0001,724,0001,720,2001,768,2001,850,5001,876,7001,902,6001,978,2002,015,9001,996,00071,64669,99767,56267,20959,31160,24857,00156,03355,67354,14851,99348,15745,93945,93944,02242,81742,78942,72042,38043,47742,80442,1697,7275,40443,35944,56538,28439,0867,07939,630000
       Other Assets 
0
0
0
42,720
42,114
53,624
52,655
57,180
55,515
55,469
54,824
56,474
57,026
57,689
56,637
56,991
57,010
56,991
58,056
0
60,520
62,728
66,704
69,067
68,024
98,773
100,408
111,583
115,396
147,162
166,728
169,934
180,721
4,809,900
4,795,400
14,000
18,900
21,000
22,100
24,700
28,400
32,400
53,700
62,500
43,000
49,200
47,000
251,000
244,000
58,700
55,100
103,400
125,800
103,000
140,400
144,500
127,600
133,700
181,100
160,200
230,700
0
0
00230,700160,200181,100133,700127,600144,500140,400103,000125,800103,40055,10058,700244,000251,00047,00049,20043,00062,50053,70032,40028,40024,70022,10021,00018,90014,0004,795,4004,809,900180,721169,934166,728147,162115,396111,583100,40898,77368,02469,06766,70462,72860,520058,05656,99157,01056,99156,63757,68957,02656,47454,82455,46955,51557,18052,65553,62442,11442,720000
> Total Liabilities 
0
0
0
497,231
535,120
99,321
81,482
78,238
117,856
92,128
98,942
91,598
122,239
103,899
102,005
99,736
134,899
119,956
115,751
50,354,000
157,072
126,164
121,890
121,962
133,834
132,062
135,092
137,602
125,143
146,903
140,881
151,777
159,219
2,599,700
2,578,900
2,350,200
2,155,100
2,153,000
2,167,300
1,967,600
2,080,000
2,045,000
1,832,300
1,690,600
1,758,300
1,927,400
2,080,000
2,732,300
3,167,600
3,553,900
3,654,000
4,085,700
3,209,700
4,630,800
4,214,200
4,003,600
3,533,600
4,364,800
3,531,500
3,944,200
3,733,200
4,128,000
5,233,900
5,233,9004,128,0003,733,2003,944,2003,531,5004,364,8003,533,6004,003,6004,214,2004,630,8003,209,7004,085,7003,654,0003,553,9003,167,6002,732,3002,080,0001,927,4001,758,3001,690,6001,832,3002,045,0002,080,0001,967,6002,167,3002,153,0002,155,1002,350,2002,578,9002,599,700159,219151,777140,881146,903125,143137,602135,092132,062133,834121,962121,890126,164157,07250,354,000115,751119,956134,89999,736102,005103,899122,23991,59898,94292,128117,85678,23881,48299,321535,120497,231000
   > Total Current Liabilities 
0
0
0
472,152
511,713
77,916
54,727
48,816
85,536
60,921
65,146
52,287
82,639
63,908
56,089
52,150
85,752
70,271
65,397
65,397,000
107,458
74,457
69,029
68,283
71,891
70,712
72,464
78,663
73,997
83,354
76,632
81,122
85,403
260,900
376,300
238,000
334,000
384,300
679,900
478,900
595,900
511,400
285,800
199,000
281,600
358,100
496,500
1,128,300
1,313,300
1,694,100
1,604,000
2,017,700
1,169,300
2,341,100
1,599,600
1,545,200
1,477,200
2,303,500
1,468,100
1,849,500
1,383,400
2,007,000
3,158,900
3,158,9002,007,0001,383,4001,849,5001,468,1002,303,5001,477,2001,545,2001,599,6002,341,1001,169,3002,017,7001,604,0001,694,1001,313,3001,128,300496,500358,100281,600199,000285,800511,400595,900478,900679,900384,300334,000238,000376,300260,90085,40381,12276,63283,35473,99778,66372,46470,71271,89168,28369,02974,457107,45865,397,00065,39770,27185,75252,15056,08963,90882,63952,28765,14660,92185,53648,81654,72777,916511,713472,152000
       Short-term Debt 
0
0
0
428,891
446,167
8,120
7,812
8,349
24,541
7,765
11,213,679
0
10,007
34,710
36,223
44,413
40,048
40,403
45,074
0
48,739
38,587
43,665
48,083
57,561
41,793
47,120
59,364
7,874
14,834
7,601
63,334
72,934
86,600
250,900
131,100
108,200
162,800
299,500
299,600
299,800
299,900
258,100
174,300
103,000
330,900
466,200
70,000
68,700
49,000
373,100
256,300
49,000
0
395,300
18,200
304,700
304,800
164,900
92,800
20,800
21,000
21,600
21,60021,00020,80092,800164,900304,800304,70018,200395,300049,000256,300373,10049,00068,70070,000466,200330,900103,000174,300258,100299,900299,800299,600299,500162,800108,200131,100250,90086,60072,93463,3347,60114,8347,87459,36447,12041,79357,56148,08343,66538,58748,739045,07440,40340,04844,41336,22334,71010,007011,213,6797,76524,5418,3497,8128,120446,167428,891000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
11,236
0
0
0
6,141
7,058
7,532
7,646
4,400
76,300
1,411,300
1,312,400
1,237,900
1,213,400
299,500
299,600
299,800
299,900
0
0
0
0
0
70,000
68,700
49,000
0
0
0
0
0
0
304,700
304,800
164,900
74,900
0
0
0
00074,900164,900304,800304,70000000049,00068,70070,00000000299,900299,800299,600299,5001,213,4001,237,9001,312,4001,411,30076,3004,4007,6467,5327,0586,14100011,236000000000000000000000000
       Accounts payable 
0
0
0
42,958
32,649
46,318
35,103
40,084
32,321
32,615
42,799
46,071
45,312
38,375
38,307
45,148
43,168
44,112
46,985
96,789
52,958
41,403
47,809
49,982
58,566
44,593
52,003
61,307
60,104
50,387
54,721
66,421
74,960
149,700
54,900
38,900
153,800
144,000
11,100
147,800
198,500
4,300
9,000
10,300
171,900
9,200
12,200
15,900
250,000
11,200
12,600
18,700
295,400
21,200
35,200
21,300
420,200
368,200
391,400
13,500
24,700
11,300
24,700
24,70011,30024,70013,500391,400368,200420,20021,30035,20021,200295,40018,70012,60011,200250,00015,90012,2009,200171,90010,3009,0004,300198,500147,80011,100144,000153,80038,90054,900149,70074,96066,42154,72150,38760,10461,30752,00344,59358,56649,98247,80941,40352,95896,78946,98544,11243,16845,14838,30738,37545,31246,07142,79932,61532,32140,08435,10346,31832,64942,958000
       Other Current Liabilities 
0
0
0
96
72
48
24
103
77
52
26
5,865
26,929
42,878
45,292
50,331
58,852
49,921
54,355
10,669
102,139
57,474
53,173
59,173
68,898
53,839
56,641
69,232
2,000
3,407
3,434
71,025
80,270
6,600
56,200
56,600
56,600
57,900
351,900
18,100
89,100
189,000
5,500
6,300
2,200
800
800
1,028,700
984,400
1,612,700
1,201,100
1,728,800
809,700
2,293,500
1,541,700
1,490,100
740,600
1,608,800
897,400
1,734,100
1,332,000
1,961,800
3,102,700
3,102,7001,961,8001,332,0001,734,100897,4001,608,800740,6001,490,1001,541,7002,293,500809,7001,728,8001,201,1001,612,700984,4001,028,7008008002,2006,3005,500189,00089,10018,100351,90057,90056,60056,60056,2006,60080,27071,0253,4343,4072,00069,23256,64153,83968,89859,17353,17357,474102,13910,66954,35549,92158,85250,33145,29242,87826,9295,86526527710324487296000
   > Long-term Liabilities 
0
0
0
25,079
23,407
21,405
26,755
29,422
32,320
31,207
33,796
39,311
39,600
39,991
45,916
47,586
49,147
49,685
50,354
49,614
49,614
51,707
52,861
53,679
61,943
61,350
62,628
58,939
51,146
63,549
64,249
70,655
73,816
2,338,800
2,202,600
2,112,200
1,821,100
1,768,700
1,487,400
1,488,700
1,484,100
1,533,600
1,546,500
1,491,600
1,476,700
1,569,300
1,583,500
1,604,000
1,854,300
1,859,800
2,050,000
2,068,000
2,040,400
2,289,700
2,614,600
2,458,400
2,056,400
2,061,300
2,063,400
2,094,700
2,119,100
2,121,000
2,075,000
2,075,0002,121,0002,119,1002,094,7002,063,4002,061,3002,056,4002,458,4002,614,6002,289,7002,040,4002,068,0002,050,0001,859,8001,854,3001,604,0001,583,5001,569,3001,476,7001,491,6001,546,5001,533,6001,484,1001,488,7001,487,4001,768,7001,821,1002,112,2002,202,6002,338,80073,81670,65564,24963,54951,14658,93962,62861,35061,94353,67952,86151,70749,61449,61450,35449,68549,14747,58645,91639,99139,60039,31133,79631,20732,32029,42226,75521,40523,40725,079000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,411,300
1,312,400
1,237,900
1,213,400
914,600
915,100
915,600
916,100
916,600
867,100
867,600
868,100
868,600
869,100
1,135,200
1,138,800
1,298,500
1,298,900
1,299,300
1,593,600
1,959,200
1,859,800
1,437,300
1,437,800
1,438,200
0
0
0
0
00001,438,2001,437,8001,437,3001,859,8001,959,2001,593,6001,299,3001,298,9001,298,5001,138,8001,135,200869,100868,600868,100867,600867,100916,600916,100915,600915,100914,6001,213,4001,237,9001,312,4001,411,3000000000000000000000000000000000000
       Warrants
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
12,600
12,600
12,600
12,600
12,600
12,600
9,400
9,400
9,400
9,400
9,400
9,400
9,400
5,800
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000000005,8009,4009,4009,4009,4009,4009,4009,40012,60012,60012,60012,60012,60012,60000000000000000000000000000000
       Other Liabilities 
0
0
0
4,503
4,856
5,279
9,173
8,940
9,464
9,525
14,215
17,872
19,294
20,186
24,056
26,597
28,806
30,322
33,882
0
35,869
37,736
39,359
40,912
46,492
47,182
48,517
47,074
45,837
45,805
46,682
52,302
56,226
118,900
75,300
790,400
573,800
545,900
563,400
564,200
559,100
558,000
577,200
577,100
562,400
572,900
577,600
599,300
587,000
591,900
617,500
636,200
611,900
554,800
516,000
466,800
489,800
0
501,700
527,000
0
0
0
000527,000501,7000489,800466,800516,000554,800611,900636,200617,500591,900587,000599,300577,600572,900562,400577,100577,200558,000559,100564,200563,400545,900573,800790,40075,300118,90056,22652,30246,68245,80545,83747,07448,51747,18246,49240,91239,35937,73635,869033,88230,32228,80626,59724,05620,18619,29417,87214,2159,5259,4648,9409,1735,2794,8564,503000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
21,682
19,581
21,439
20,306
19,805
21,860
20,989
20,341
19,363
16,472
13,745
13,745
13,971
13,502
12,767
13,677
14,168
14,111
11,865
5,309
5,144
4,967
5,753
6,200
0
703,400
715,700
488,200
461,200
473,500
475,400
436,800
433,400
426,700
418,200
399,700
392,200
384,900
396,800
377,600
372,000
384,100
393,900
372,700
352,400
252,600
239,100
222,900
211,400
206,100
0
0
0
0
0000206,100211,400222,900239,100252,600352,400372,700393,900384,100372,000377,600396,800384,900392,200399,700418,200426,700433,400436,800475,400473,500461,200488,200715,700703,40006,2005,7534,9675,1445,30911,86514,11114,16813,67712,76713,50213,97113,74513,74516,47219,36320,34120,98921,86019,80520,30621,43919,58121,682000000000
> Total Stockholder Equity
0
0
0
74,717
97,407
424,345
449,142
175,874
202,964
227,294
245,701
236,270
231,202
239,907
275,521
239,122
274,726
309,906
325,399
284,517
284,517
286,680
263,891
245,124
250,067
243,735
227,017
259,817
259,645
247,927
265,763
289,565
317,946
2,745,400
2,816,700
2,877,900
3,110,600
3,175,200
3,149,600
3,151,900
3,241,000
3,285,400
3,327,000
3,328,700
3,355,600
3,310,100
3,286,300
3,344,500
3,348,900
3,404,200
3,442,500
3,497,000
3,604,800
3,567,300
3,261,900
3,293,800
3,465,300
3,538,700
3,664,400
3,788,300
3,985,000
4,024,100
4,021,700
4,021,7004,024,1003,985,0003,788,3003,664,4003,538,7003,465,3003,293,8003,261,9003,567,3003,604,8003,497,0003,442,5003,404,2003,348,9003,344,5003,286,3003,310,1003,355,6003,328,7003,327,0003,285,4003,241,0003,151,9003,149,6003,175,2003,110,6002,877,9002,816,7002,745,400317,946289,565265,763247,927259,645259,817227,017243,735250,067245,124263,891286,680284,517284,517325,399309,906274,726239,122275,521239,907231,202236,270245,701227,294202,964175,874449,142424,34597,40774,717000
   Common Stock
0
0
0
19,574
19,574
1,020
1,020
901
901
906
906
908
908
913
913
913
913
918
919
919
919
920
926
926
926
927
927
927
927
929
929
929
929
1,200
1,200
1,200
1,200
1,200
1,200
1,200
1,200
1,200
1,200
1,200
1,200
1,200
1,200
1,200
1,200
1,300
1,300
1,300
1,100
1,100
1,100
1,100
1,100
1,100
1,100
1,100
1,100
1,100
1,100
1,1001,1001,1001,1001,1001,1001,1001,1001,1001,1001,1001,3001,3001,3001,2001,2001,2001,2001,2001,2001,2001,2001,2001,2001,2001,2001,2001,2001,2001,2009299299299299279279279279269269269209199199199189139139139139089089069069019011,0201,02019,57419,574000
   Retained Earnings Total Equity
0
0
0
0
0
0
0
0
0
180,903
211,210
232,121
254,793
282,686
315,203
275,491
304,567
337,420
362,831
349,290
349,290
382,587
409,988
440,441
472,005
496,539
523,822
572,213
603,597
633,876
666,016
686,042
710,779
697,700
737,300
766,900
993,300
1,080,800
1,134,000
1,185,400
1,288,200
1,348,600
1,401,900
1,467,400
1,512,600
1,629,600
1,703,700
1,767,800
1,809,800
1,901,700
1,962,200
2,031,100
2,145,500
2,203,700
1,968,000
2,064,800
2,171,100
2,291,200
2,405,800
0
0
0
0
00002,405,8002,291,2002,171,1002,064,8001,968,0002,203,7002,145,5002,031,1001,962,2001,901,7001,809,8001,767,8001,703,7001,629,6001,512,6001,467,4001,401,9001,348,6001,288,2001,185,4001,134,0001,080,800993,300766,900737,300697,700710,779686,042666,016633,876603,597572,213523,822496,539472,005440,441409,988382,587349,290349,290362,831337,420304,567275,491315,203282,686254,793232,121211,210180,903000000000
   Accumulated Other Comprehensive Income 
0
0
0
-801
-787
-778
-767
-972
-938
-925
-914
-899
-936
-922
-907
-893
-1,101
-1,084
-1,066
-1,066,000
-1,050
-735
-712
-708
-689
-870
-852
-838
-824
-795
-784
-775
-762
2,100
29,600
50,000
50,700
75,500
34,200
25,800
11,500
26,200
8,100
-9,100
37,600
100
-2,600
29,000
74,600
79,800
85,800
66,000
55,600
29,100
-31,900
-103,800
-31,000
-12,200
-2,400
-51,400
-9,400
-23,200
-26,400
-26,400-23,200-9,400-51,400-2,400-12,200-31,000-103,800-31,90029,10055,60066,00085,80079,80074,60029,000-2,60010037,600-9,1008,10026,20011,50025,80034,20075,50050,70050,00029,6002,100-762-775-784-795-824-838-852-870-689-708-712-735-1,050-1,066,000-1,066-1,084-1,101-893-907-922-936-899-914-925-938-972-767-778-787-801000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
49,485
52,461
55,469
58,408
61,430
64,512
67,812
74,551
82,962
87,029
90,985
90,985
98,662
105,879
108,012
110,112
113,960
117,158
120,383
123,577
128,080
131,851
135,618
139,249
2,584,500
2,596,800
2,610,000
2,623,700
2,635,300
2,646,100
2,654,500
2,660,200
2,673,700
2,680,400
2,686,500
2,691,300
2,699,700
2,704,500
2,708,900
2,713,300
2,725,100
2,730,700
2,736,300
1,509,400
1,518,600
1,525,700
1,532,900
1,455,100
1,472,300
1,482,000
0
0
0
0
00001,482,0001,472,3001,455,1001,532,9001,525,7001,518,6001,509,4002,736,3002,730,7002,725,1002,713,3002,708,9002,704,5002,699,7002,691,3002,686,5002,680,4002,673,7002,660,2002,654,5002,646,1002,635,3002,623,7002,610,0002,596,8002,584,500139,249135,618131,851128,080123,577120,383117,158113,960110,112108,012105,87998,66290,98590,98587,02982,96274,55167,81264,51261,43058,40855,46952,46149,485000000000
   Treasury Stock00000000000000000000000-715,000-665,900-617,600-558,300-550,200-548,200-540,100-532,249-532,249-532,249-514,163-467,632-432,868-414,038-366,821-332,287-303,547-252,190-194,754-155,627-155,627-124,314-110,310-104,204-104,201-104,200-104,200-81,971-51,329-17,962-3,075000000000
   Other Stockholders Equity 
0
0
0
2,592
2,592
323,185
337,949
42,858
46,271
46,410
34,499
4,140
-23,563
-42,770
-39,688
-36,389
-29,653
-27,348
-37,285
-1,050
-64,642
-96,092
-146,311
-195,535
-222,175
-252,861
-296,880
-312,485
-344,055
-386,083
-400,398
-396,631
-393,000
2,044,400
2,048,600
2,059,800
2,065,400
2,017,700
1,980,200
1,939,500
1,940,100
1,909,400
1,915,800
1,869,200
1,804,200
1,679,200
1,584,000
1,546,500
1,462,900
1,421,400
1,393,200
1,398,600
1,402,600
1,333,400
1,324,700
1,331,700
1,324,100
1,258,600
1,259,900
1,283,100
1,468,100
1,370,000
1,288,600
1,288,6001,370,0001,468,1001,283,1001,259,9001,258,6001,324,1001,331,7001,324,7001,333,4001,402,6001,398,6001,393,2001,421,4001,462,9001,546,5001,584,0001,679,2001,804,2001,869,2001,915,8001,909,4001,940,1001,939,5001,980,2002,017,7002,065,4002,059,8002,048,6002,044,400-393,000-396,631-400,398-386,083-344,055-312,485-296,880-252,861-222,175-195,535-146,311-96,092-64,642-1,050-37,285-27,348-29,653-36,389-39,688-42,770-23,5634,14034,49946,41046,27142,858337,949323,1852,5922,592000



5.3. Balance Sheets

Currency in USD. All numbers in thousands.