Bgc partners, inc. (BGCP)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
CASH FLOWS FROM OPERATING ACTIVITIES:
CASH FLOWS FROM OPERATING ACTIVITIES:
Consolidated net income (loss)

84,943

279,866

81,729

253,838

318,157

-14,413

173,755

35,513

38,360

45,372

40,813

Less: Consolidated net income from discontinued operations, net of tax

-

176,169

170,365

189,716

-

-

-

-

-

-

-

Adjustments to reconcile consolidated net income (loss) to net cash provided by (used in) operating activities:
Fixed asset depreciation and intangible asset amortization

79,466

71,495

65,444

62,550

84,089

46,124

47,152

50,985

49,281

50,180

52,974

Amortization of mortgage servicing rights, net

-

-

-

-

54,573

-

-

-

-

-

-

Employee loan amortization and reserves on employee loans

35,650

13,015

26,930

28,754

87,208

25,708

194,996

35,596

31,785

41,192

34,115

Equity-based compensation and allocations of net income to limited partnership units and FPUs

165,612

205,070

233,241

155,057

278,684

150,125

433,998

144,447

143,536

25,705

22,134

Deferred compensation expense

5,879

5,879

7,986

15,974

23,189

-

-

-

-

-

-

Gain on originated mortgage servicing rights

-

-

-

-

71,873

-

-

-

-

-

-

Unrealized losses (gains) on loans held for sale

-

-

-

-

-2,458

-

-

-

-

-

-

Loan originations - loans held for sale

-

-

-

-

5,210,160

-

-

-

-

-

-

Loan sales - loans held for sale

-

-

-

-

5,633,773

-

-

-

-

-

-

Allocations of net income to limited partnership units and founding/working partner units

-

-

-

-

-

-

-

-

-

23,307

16,731

Losses (gains) on equity method investments

4,100

7,400

4,600

3,543

2,597

-7,969

-9,508

-11,775

-6,605

-6,940

-8,687

Sublease provision adjustment

-

-

-

807

-2,019

-31

-318

2,596

-4,956

-

-

Gain on divestiture

-

-

-

-

-

-

-

52,471

-

-

-

Recognition of earn-out and related hedges

-

-

-

67,016

52,917

42,091

31,861

-

-

-

-

Realized losses (gains) on marketable securities

3,528

11,831

60

13,562

35,994

-

-

-

-

-

-

Accretion of discount on convertible notes

-

-

-

-

-

-

5,157

4,378

1,808

-

-

Unrealized losses (gains) on marketable securities

3,204

-2,316

23,936

359

27,103

8,633

7,668

-

-

-

-

Loss (gains) on other investments

22,785

38,491

-

7,051

-

-

-

-

-

-

-

Amortization of discount (premium) on notes payable

3,223

-1,081

843

-4,021

6,988

4,852

-

-

-

-

-

Recognition of deferred revenue

-

-

-

-

-

-

-

-

4,583

5,371

5,219

Impairment of fixed assets, intangible assets and investments

4,466

2,807

5,074

4,383

19,128

4,193

6,101

1,255

785

294

1,232

Impairment of marketable securities

-

-

-

-

-

-

-

-

4,047

-

-

Deferred tax provision (benefit)

-1,803

-22,635

19,858

-32,104

60,015

-26,185

-81,989

11,550

1,963

-2,932

-360

Change in estimated acquisition earn-out payables

5,622

2,885

5,003

1,133

74

-3,291

-

-

-

-

-

Loss (gains) on divestitures

-

-

-

-

401,902

-

550,759

-

-

-

-

Forfeitures of Class A common stock

139

1,458

1,153

374

1,701

2,452

-

-

-

-

-

Other

-5,682

-

-557

-391

-5,515

-

1,508

226

96

546

-282

Consolidated net income (loss), adjusted for non-cash and non-operating items

-343,605

-324,291

-245,410

-202,745

-760,593

141,937

200,216

217,558

278,639

-

-

Decrease (increase) in operating assets:
Cash segregated under regulatory requirements

-

-

-

-

-8,769

3,457

5,295

424

570

198

-2,901

Reverse repurchase agreements

-

-986

-54,659

54,659

-

-

-

-

-

-

-

Securities owned

-883

25,401

-2,350

2,996

-4,248

-611

1,213

16,187

5,695

8,355

1,362

Securities borrowed

-

-

-

-

-62,736

62,736

-

-

-

-

-

Receivables from broker-dealers, clearing organizations, customers and related broker-dealers

-389,058

206,051

239,230

-322,247

-541,606

292,354

51,710

104,241

-282,941

22,195

-21,314

Mortgage servicing rights, net

-

-

-

-

9,259

-

-

-

-

-

-

Receivables from broker-dealers, clearing organizations, customers and related broker-dealers

-

-

-

-

-

-

-

-

-

-61,723

-224,357

Accrued commissions receivable, net

12,418

108,851

35,617

10,534

-27,550

-7,265

49,542

-37,751

4,928

-

-

Loans, forgivable loans and other receivables from employees and partners, net

119,469

104,266

64,846

25,915

101,209

13,616

49,478

63,315

70,038

53,989

91,176

Receivables from related parties

4,215

-37,506

-128,192

16,267

-3,839

2,401

5,362

14,726

2,447

-7,959

-321

Other assets

-3,784

30,924

-2,189

-5,365

-25,991

25,019

73,422

2,046

10,413

5,050

9,814

Reverse repurchase agreements with related parties

-

-

-

-

-

-

-

-

-

-

151,224

Increase (decrease) in operating liabilities:
Repurchase agreements

-986

-

-

-

-

-

-

-

-

-

-

Securities loaned

-1,238

-129,580

144,720

-117,967

117,890

-

-

-

-

-

-

Securities sold, not yet purchased

-

-

-

-

-1,545

-2,031

2,031

-

-

-11

-310

Accrued compensation

-4,131

-52,953

-92,027

-50,160

-100,686

17,392

30,863

-37,137

-82,972

12,485

87

Payables to broker-dealers, clearing organizations, customers and related broker-dealers

-353,313

165,517

225,763

-340,558

-578,606

342,998

48,973

109,596

-293,140

48,214

261,475

Payables to related parties

32,342

-833

10,513

12,443

-1,084

2,163

-24,862

21,000

9,405

-53,907

12,185

Accounts payable, accrued and other liabilities

-34,840

63,214

10,684

-30,369

-74,908

56,081

145,167

23,371

-15,438

10,449

81,300

Net cash provided by (used in) operating activities

239,062

-67,345

392,760

-106,625

685,925

166,833

166,366

171,200

85,344

58,912

374,613

CASH FLOWS FROM INVESTING ACTIVITIES:
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of fixed assets

46,665

24,528

25,039

17,816

39,000

14,067

22,988

36,759

27,190

29,106

29,136

Capitalization of software development costs

48,846

49,813

33,226

18,500

18,496

12,668

15,000

14,032

15,940

-14,831

-15,472

Purchase of equity method investments

1,715

925

106,824

1,235

1,268

892

1,748

17,501

1,749

8,874

5,301

Proceeds from equity method investments

3,737

7,046

243

1,079

-

-

-

928

-

-

-

Payments for acquisitions, net of cash and restricted cash acquired

-28,261

50,562

-13,697

151,765

173,072

129,979

746

31,413

46,703

4,382

5,140

Advances to related parties

-

-

-

-

265,000

-

-

-

-

-

-

Proceeds from divestitures, net

-

-

-

7,106

14,485

-

575,287

-

-

-

-

Purchase of notes receivable

-

-

-

-

-

-

-

22,000

-

-

-

Purchase of marketable securities

-

-

-

68,396

11,630

72,911

5,361

-

-

3,002

-

Proceeds from sale of marketable securities

24,600

128,000

38,256

635,646

129,183

42,999

-

53,377

-

-

-

Net cash provided by (used in) investing activities

-40,602

9,236

-112,564

385,646

-100,643

-188,095

526,753

-67,983

-92,646

-61,185

-56,518

CASH FLOWS FROM FINANCING ACTIVITIES:
Purchase of exchange membership

-

-

-

-

-

-

1,696

-

-

-

-

Capitalization of trademarks, patent defense and registration costs

-

-

-329

473

845

577

995

583

-1,064

-990

-1,469

Repayments of long-term debt and collateralized borrowings

332,378

449,598

10,629

166,790

4,976

1,599

48,246

24,778

17,272

8,092

-

Issuance of long-term debt and collateralized borrowings, net of deferred issuance costs

709,849

639,196

1,001,508

295,768

27,918

-

-

-

-

-

-

Proceeds from notes payable and other borrowings

-

-

-

-

-

-

-

30,983

21,425

29,764

-

Repayment of Newmark debt

-

-

-

-

-

-

-

-

13,835

-

-

Notes payable and collateralized borrowings

-

-

-

-

-

-

-

-

-

-

17,586

Issuance of convertible notes, net of debt issuance costs

-

-

-

-

-

-

-

-

155,620

-

-

Issuance of senior notes, net of deferred issuance costs

-

-

-

-

-

295,091

-

108,716

-

-

-

Proceeds from warehouse notes payable

-

-

-

-

5,210,160

-

-

-

-

-

-

Repayments on warehouse notes payable

-

-

-

-

5,628,709

-

-

-

-

-

-

Repayments of long-term borrowings

-

-

-

-

-

-

-

-

-

150,000

-

Advances from related parties

-

-

-

-

440,000

-

-

-

-

150,000

-

Repayments to related parties

-

-

-

-

440,000

-

-

-

-

-

-

Earnings distributions to limited partnership interests and other noncontrolling interests

113,673

163,935

126,243

69,430

73,765

58,789

98,345

92,330

84,332

-

-

Redemption and repurchase of limited partnership interests

43,270

51,943

45,593

51,992

34,287

81,331

113,345

-

-

-

-

Purchase of capped call

-

-

-

-

-

-

-

-

11,392

-

-

Redemption of limited partnership units

-

-

-

-

-

-

-

13,491

1,841

-23,838

-

Earnings distributions to noncontrolling interests

-

-

-

-

-

-

-

-

-

49,733

42,117

Dividends to stockholders

192,442

231,446

200,116

170,795

131,360

105,132

91,395

90,590

77,244

42,606

24,171

Repurchase of Class A common stock

1,236

10,439

16,773

96,025

12,114

100,268

15,528

337

392

19,871

7,911

Cancellation of restricted stock units in satisfaction of withholding tax requirements

458

647

865

1,542

615

1,208

1,216

2,280

3,580

2,246

-657

Proceeds from issuance of Class A common stock, net of costs

-

327,624

26,606

15,280

-

-

-

12,667

15,632

15,160

-

Deemed contribution due to acquisition of Lucera

-

-

-

15,005

-

12,158

-

-

-

-

-

Acquisition of Berkeley Point

-

-

871,816

29,037

-

-

-

-

-

-

-

Tax impact on delivery of equity awards

-

-

-

-

-

-

4,700

-

3,357

-

-

Partner purchase of founding/working partner units

-

-

-

-

-

-

-

-

-

-1,263

-

Proceeds from exercise of stock options

-

-

72

421

701

-

-

-

8,812

463

-

Proceeds from short-term borrowings

-

-

6,046

-

100,000

-

-

90,000

30,000

-

-

Repayments of short-term borrowings

-

-

-

-

170,000

-

-

103,600

16,400

-

-

Proceeds from sale of limited partnership interests

-

-

-

2,357

6,573

-

-

-

-

-

-

Loans to related parties

-

-

-

-

265,000

-

-

-

-

-

-

Payments on acquisition earn-outs

8,146

7,924

-

1,275

13,791

250

-

-

-

-

-

Other

-

-

-

-

-

-

32

32

63

-

-

Net cash provided by (used in) financing activities

18,246

50,888

-237,803

-258,055

-724,265

-41,328

-363,343

-85,008

8,621

-99,736

-57,270

Net cash provided by (used in) operating activities from discontinued operations

0

-748,231

895,853

-566,233

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities from discontinued operations

0

18,347

-41,027

-52,736

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities from discontinued operations

0

367,931

-697,275

576,351

-

-

-

-

-

-

-

Effect of exchange rate changes on Cash and cash equivalents and Cash segregated under regulatory requirements

2,630

-10,838

3,411

118

-8,740

-4,693

-1,266

487

4,290

-3,188

3,546

Net increase (decrease) in Cash and cash equivalents and Cash segregated under regulatory requirements

219,336

-380,012

203,355

-21,534

-147,723

-67,283

328,510

18,696

5,609

-105,197

264,371

Supplemental cash information:
Cash paid during the period for taxes

47,997

66,540

78,300

94,482

43,792

87,928

152,105

20,292

16,682

20,873

15,877

Cash paid during the period for interest

51,776

41,951

75,305

63,600

68,119

32,099

33,175

27,187

20,520

9,363

9,920

Supplemental non-cash information:
Issuance of Class A common stock upon exchange of limited partnership interests

26,146

143,232

106,698

75,423

79,309

87,212

65,908

90,199

79,115

24,583

9,650

Issuance of Class A and contingent Class A common stock and limited partnership interests for acquisitions

3,040

21,899

14,232

20,930

39,635

57,907

1,776

-

-

-

-

Issuance of Class A common stock upon purchase of notes receivable

-

-

-

-

-

-

-

3,055

-

-

-

Use of notes receivable in business acquisition

-

-

-

-

-

-

-

25,617

-

-

-

Issuance of Class A and contingent Class A common stock for acquisitions

-

-

-

-

-

-

-

9,026

26,778

3,171

-

Issuance of Class A common stock upon conversion of convertible notes

-

-

-

68

150,000

-

-

-

-

-

-

Right-of-use assets and liabilities

169,065

-

-

-

-

-

-

-

-

-

-

Donations with respect to Charity Day

-

-

-

-

-

-

5,720

13,401

12,076

7,403

-

Conversion of Class B common stock into Class A common stock

-

-

-

-

-

-

-

-

-

6

37

Issuance of Class A common stock upon exchange of Cantor units

-

-

-

-

-

-

-

-

8,407

6,181

-

Issuance of Class B common stock upon exchange of Cantor units

-

-

-

-

-

-

-

-

8,407

-

-

Nasdaq [Member]
Value of shares received for Nasdaq earn-out

-

-

76,969

67,016

-

-

-

-

-

-

-