Bgc partners, inc. (BGCPV)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenues:
Commissions

455,855

385,585

409,082

420,969

430,182

373,209

351,969

378,487

407,857

-370,615

582,106

577,172

545,720

-330,235

492,808

498,588

475,087

505,556

521,264

487,810

415,283

381,182

331,466

291,666

303,598

295,415

283,293

324,832

298,704

293,350

302,874

308,438

271,347

250,921

261,496

239,132

244,714

208,918

213,863

Principal transactions

113,311

71,725

75,536

90,432

84,230

62,787

73,360

84,988

91,918

75,987

75,766

80,360

85,743

70,262

76,332

86,448

92,439

74,184

73,841

95,349

69,768

50,366

51,327

72,751

79,507

68,777

67,785

85,349

87,997

76,312

76,417

83,686

99,745

79,888

94,997

102,007

98,109

83,381

99,606

Gains from mortgage banking activities/originations, net

-

-

-

-

-

-

-

-

-

-

45,455

73,547

45,261

-

65,377

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Real estate management and other services

-

-

-

-

-

-

-

-

-

-

60,798

51,589

50,630

-

49,373

45,529

46,058

51,121

48,867

46,528

40,602

43,929

40,452

39,020

39,826

43,745

40,447

39,823

39,338

41,141

39,672

37,930

3,961

-

0

-

-

-

-

Servicing fees

-

-

-

-

-

-

-

-

-

-

29,057

26,840

24,832

-

22,502

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fees from related parties

5,521

8,218

8,208

7,221

5,795

5,022

6,821

5,934

6,299

6,965

7,173

6,018

6,938

5,911

6,354

4,865

7,070

7,533

6,609

6,095

6,606

6,631

6,749

7,967

7,032

7,667

8,071

12,242

13,148

14,016

13,102

13,494

12,547

15,366

15,220

16,206

15,435

16,413

16,436

Data, software and post-trade

19,398

18,151

18,364

18,741

17,910

18,169

16,547

15,370

15,099

14,372

13,776

13,322

13,087

12,949

13,266

14,160

13,934

34,027

29,124

27,693

11,527

4,666

2,369

2,195

2,335

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Market data

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,178

3,643

4,125

4,182

4,166

3,990

4,964

4,042

4,556

4,598

4,576

4,614

4,444

Software solutions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

444

2,530

2,566

2,541

2,485

2,487

2,449

2,472

2,328

2,257

2,133

1,816

1,760

Interest income

4,161

2,865

3,976

7,813

3,665

3,919

2,870

4,940

2,675

-26,352

11,726

19,177

10,006

-5,278

8,012

3,778

2,384

18,489

1,387

3,161

1,705

1,674

1,642

1,925

2,072

2,071

1,563

1,651

1,548

1,371

1,397

1,543

2,195

1,351

1,730

954

1,406

1,199

781

Other revenues

4,921

612

5,971

6,011

2,969

3,245

4,075

1,324

926

-519

1,171

876

976

297

796

402

3,682

1,183

4,203

2,495

2,076

2,924

2,211

1,678

10,419

1,764

1,408

1,174

831

465

3,199

622

209

1,777

1,283

803

311

11,770

506

Total revenues

603,167

487,156

521,137

551,187

544,751

466,351

455,642

491,043

524,774

-708,171

827,028

848,901

783,193

-474,933

734,820

653,770

640,654

881,753

685,295

669,131

547,567

491,372

436,216

417,202

444,789

-297,344

404,189

1,193,167

444,969

441,481

440,317

449,538

394,961

355,169

379,935

364,558

365,023

326,502

335,704

Expenses:
Compensation and employee benefits

344,749

271,296

278,544

290,071

288,000

249,951

221,575

252,250

277,847

-487,652

495,145

482,353

460,631

-404,107

439,384

420,264

410,275

546,052

435,932

431,287

346,584

314,257

270,642

264,318

275,299

269,444

258,642

448,686

278,808

188,985

288,669

308,029

246,869

107,957

253,879

218,729

208,969

179,871

207,558

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

42,204

69,389

40,330

43,752

12,141

85,178

34,901

45,602

39,389

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Allocations of net income and grant of exchangeability to limited partnership units and FPUs and issuance of common stock

-

-

-

-

-

-

-

-

-

-

48,446

50,237

63,193

14,691

58,771

40,975

32,924

145,718

50,667

26,200

37,054

30,392

52,516

22,402

31,323

32,125

10,365

363,077

18,022

132,131

56

1,909

5,980

108,341

0

9,237

9,200

5,824

5,163

Total compensation and employee benefits

386,953

340,685

318,874

333,823

300,141

335,129

256,476

297,852

317,236

-416,287

543,591

532,590

523,824

-389,416

498,155

461,239

443,199

691,770

486,599

457,487

383,638

344,649

323,158

286,720

306,622

301,569

269,007

811,763

296,830

321,116

288,725

309,938

252,849

216,298

253,879

227,966

218,169

185,695

212,721

Occupancy and equipment

51,074

48,987

44,709

45,109

46,002

38,934

39,148

34,365

37,147

-10,218

51,962

50,311

50,829

-6,387

49,032

50,963

51,695

64,413

51,300

63,108

42,965

42,657

35,575

35,701

40,921

39,633

37,908

37,340

39,227

40,018

40,010

39,092

36,229

34,118

29,943

35,740

29,286

28,161

28,249

Fees to related parties

5,435

2,858

7,123

6,457

2,927

4,586

5,644

5,882

4,051

-569

4,380

5,519

6,490

-694

5,323

3,642

6,325

5,638

4,876

4,121

4,567

6,002

2,681

2,133

1,807

2,292

2,022

2,286

2,843

2,267

2,837

3,169

3,519

2,719

3,297

3,018

2,601

3,061

3,338

Professional and consulting fees

19,956

27,553

21,262

23,347

20,005

23,865

22,329

20,001

17,908

-5,678

24,486

22,891

21,670

-1,945

17,624

14,336

15,718

19,882

15,201

15,220

23,281

20,788

10,565

10,156

11,089

13,304

11,772

11,367

14,941

15,881

18,062

19,515

19,319

19,569

19,625

15,211

13,341

10,773

10,016

Communications

30,521

29,715

29,882

29,974

30,411

26,808

29,078

30,729

31,399

21,563

33,290

32,353

32,173

21,117

31,562

31,281

31,298

33,140

31,503

32,110

24,937

21,327

20,087

21,312

20,458

22,475

22,451

22,755

24,341

24,584

22,863

21,402

21,958

21,753

21,508

21,801

21,330

19,459

18,468

Selling and promotion

18,699

21,432

20,320

21,491

18,402

19,112

16,146

17,855

16,225

-19,040

26,828

30,034

24,641

-17,346

23,139

25,546

25,658

29,438

23,370

26,763

20,476

19,022

16,730

18,255

18,025

17,614

19,839

23,239

20,315

20,928

22,153

23,513

19,446

19,951

19,507

19,443

20,186

17,183

16,227

Commissions and floor brokerage

19,277

16,377

15,831

16,791

14,618

17,549

15,082

15,345

13,915

11,814

10,410

10,476

10,430

9,762

8,645

10,097

9,043

9,840

8,865

10,473

6,278

4,762

4,806

5,575

4,206

5,287

5,075

6,397

5,771

5,545

5,675

5,833

5,680

6,311

6,539

6,932

6,095

4,564

4,916

Interest expense

17,334

15,636

15,258

14,985

13,198

11,615

10,722

10,028

9,368

7,280

24,425

26,490

18,763

10,707

18,831

14,624

13,458

27,744

16,944

18,439

15,902

10,183

9,197

9,230

9,335

9,479

9,164

9,989

9,700

9,991

9,758

7,578

7,558

8,689

6,754

4,768

4,395

3,796

3,596

Other expenses

19,188

18,886

42,757

21,765

24,015

17,541

14,882

14,548

17,338

-78,117

55,600

50,269

42,393

-43,842

37,428

23,713

22,841

119,312

26,802

27,179

21,041

94,167

26,732

13,584

16,582

13,642

13,444

59,780

17,304

13,084

26,622

15,048

9,491

14,939

23,365

6,199

25,081

27,436

20,652

Total expenses

568,437

522,129

516,016

513,742

469,719

495,139

409,507

446,605

464,587

-489,252

774,972

760,933

731,213

-418,044

689,739

635,441

619,235

1,001,177

665,460

654,900

543,085

563,557

449,531

402,666

429,045

425,295

390,682

984,916

431,272

453,414

436,705

445,088

376,049

344,347

384,417

341,078

340,484

300,128

318,183

Other income (losses) , net:
Gain (loss) on divestitures and sale of investments

-

-14

0

-1,619

20,054

-

-

-

-

0

4

0

557

-

7,044

-

-

390,951

2,717

894

-215

-

-

-

-

-

-

723,147

-

-

-

-

-

-

-

-

-

-

-

Gains (losses) on equity method investments

1,000

1,100

1,500

700

800

2,476

1,300

1,000

2,624

614

2,147

1,602

237

996

796

863

888

-81

1,042

833

803

-1,766

-2,640

-1,288

-2,275

-2,291

-2,705

-1,224

-3,288

-3,672

-2,995

-2,652

-2,456

-1,870

-1,675

-1,399

-1,661

-1,609

-1,692

Other income (loss)

-6,015

9,462

2,095

194

21,202

2,453

15,123

1,481

31,411

-72,065

88,195

4,713

5,020

-16,816

91,655

10,012

-2,917

30,449

59,728

1,331

31,200

4,091

45,892

1,667

-2,223

-

31,861

-

-

-

-

-

-

-

-

-

-

-

-

Total other income (losses), net

-4,992

10,512

3,625

-687

42,039

4,868

16,450

2,492

34,035

-71,424

90,346

6,315

5,814

-15,820

99,495

10,875

-2,029

421,319

63,487

3,058

31,788

2,325

43,252

379

-4,498

-

29,156

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) from operations before income taxes

29,738

-24,475

8,746

36,758

117,071

-23,937

62,585

46,930

94,222

-290,379

142,402

94,283

57,794

-72,709

144,576

29,204

19,390

301,895

83,322

17,289

36,270

-69,860

29,937

14,915

11,246

1,310

42,663

208,251

13,697

28,763

3,612

4,450

18,912

10,822

-4,482

23,480

24,539

26,374

17,521

Provision (benefit) for income taxes

8,706

2,095

6,186

14,993

29,897

16,980

23,019

14,571

21,550

37,688

31,854

16,552

6,678

10,678

30,273

10,548

4,840

79,564

28,737

2,272

10,046

-22,501

18,808

3,600

744

-315

10,675

78,711

3,095

10,329

2,623

70

7,202

3,905

-1,338

6,031

7,401

6,878

4,710

Consolidated net income (loss) from continuing operations

-

-

2,560

21,765

-

-40,900

39,566

32,359

72,672

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Consolidated net income (loss) from discontinued operations, net of tax

-

-

-

-

-

11,041

122,738

17,631

24,759

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Consolidated net income (loss)

21,032

-26,556

2,560

21,765

87,174

-29,859

162,304

49,990

97,431

-157,666

110,548

77,731

51,116

106,329

114,303

18,656

14,550

222,331

54,585

15,017

26,224

-47,359

11,129

11,315

10,502

1,625

31,988

129,540

10,602

18,434

989

4,380

11,710

6,917

-3,144

17,449

17,138

19,496

12,811

Less: Net income (loss) from continuing operations attributable to noncontrolling interest in subsidiaries

-

-

6,089

8,154

-

-18,995

7,956

12,358

28,674

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: Net income (loss) from discontinued operations attributable to noncontrolling interest in subsidiaries

-

-

-

-

-

5,879

34,062

2,429

9,983

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: Net income (loss) attributable to noncontrolling interest in subsidiaries

6,718

-

-

-

25,306

-

-

-

-

-

29,019

24,811

14,291

-

27,092

4,189

2,045

124,145

16,214

5,670

12,169

-21,489

3,918

3,714

2,494

-2,509

6,662

95,074

3,604

4,266

1,440

2,422

3,521

3,077

-1,111

7,785

8,472

13,272

5,413

Net income (loss) available to common stockholders

14,314

-16,243

-3,529

13,611

61,868

-16,743

120,286

35,203

58,774

-119,799

81,529

52,920

36,825

70,839

87,211

14,467

12,505

98,186

38,371

9,347

14,055

-25,870

7,211

7,601

8,008

4,134

25,326

34,466

6,998

14,168

-451

1,958

8,189

3,840

-2,033

9,664

8,666

6,224

7,398

Per share data:
Basic earnings (loss) per share
Net income (loss) from continuing operations available to common stockholders

-

-

-3,529

13,611

-

-21,905

31,610

20,001

43,998

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic earnings (loss) per share from continuing operations

-

-

-0.01

0.04

-

-0.07

0.10

0.06

0.14

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) available to common stockholders

14,314

-

-

-

61,868

-

-

-

-

-

81,529

52,920

36,825

-

87,211

14,467

12,505

98,186

38,371

9,347

14,055

-25,870

7,211

7,601

8,008

4,134

25,326

34,466

6,998

14,168

-451

1,958

8,189

3,840

-2,033

9,664

8,666

6,224

7,398

Basic earnings (loss) per share

0.04

-

-

-

0.18

-

-

-

-

-

0.28

0.18

0.13

-

0.31

0.05

0.05

0.41

0.15

0.04

0.06

-0.11

0.03

0.03

0.04

0.01

0.12

0.20

0.04

0.09

0.00

0.01

0.06

0.01

-0.02

0.09

0.09

0.07

0.09

Basic weighted-average shares of common stock outstanding

358,001

351,593

346,060

341,272

338,403

331,705

327,932

321,199

307,728

290,965

288,308

286,840

283,399

279,914

278,601

275,997

273,780

254,605

252,354

244,862

222,019

221,022

220,388

220,770

220,608

220,619

219,174

171,758

163,225

156,349

146,703

140,368

136,124

130,279

124,279

112,644

97,326

91,225

84,473

Fully diluted earnings (loss) per share
Net income (loss) for fully diluted shares

20,259

-

-

-

90,765

-

-

-

-

-

127,495

81,872

56,634

-

132,157

23,452

20,452

85,437

58,538

13,256

20,741

-36,462

10,749

11,105

11,558

-27,239

40,600

69,944

13,546

27,025

-451

3,878

15,790

-19,824

-2,033

21,160

20,834

15,979

19,567

Fully diluted earnings (loss) per share

0.04

-

-

-

0.18

-

-

-

-

-

0.28

0.18

0.13

-

0.31

0.05

0.05

0.37

0.15

0.04

0.06

-0.11

0.03

0.03

0.04

0.03

0.11

0.18

0.04

0.09

0.00

0.01

0.06

0.01

-0.02

0.09

0.09

0.07

0.09

Net income (loss) from continuing operations for fully diluted shares

-

-

-3,529

21,010

-

-55,776

44,708

20,001

64,771

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fully diluted earnings (loss) per share from continuing operations

-

-

-0.01

0.04

-

-0.07

0.10

0.06

0.14

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fully diluted weighted-average shares of common stock outstanding

538,442

713,090

346,060

522,984

516,066

56,634

437,087

322,720

478,935

-204,512

457,341

451,857

444,826

-193,581

429,761

437,257

434,855

46,004

394,026

366,774

338,484

-97,081

331,209

326,586

322,074

10,310

355,167

378,092

317,823

437,607

146,703

274,756

264,170

-139,398

124,279

244,110

237,065

228,288

226,495

Dividends declared per share of common stock

-

-

-

-

-

-

-

-

-

-

-

0.18

0.16

-

0.16

0.16

0.14

0.14

0.14

0.14

0.12

0.12

0.12

0.12

0.12

0.12

0.12

0.12

0.12

0.12

0.17

0.17

0.17

0.17

0.17

0.17

0.14

0.14

0.14

Dividends declared and paid per share of common stock

-

-

-

-

-

-

-

-

-

-

-

0.18

0.16

-

0.16

0.16

0.14

0.14

0.14

0.14

0.12

0.12

0.12

0.12

0.12

0.12

0.12

0.12

0.12

0.12

0.17

0.17

0.17

0.17

0.17

0.17

0.14

0.14

0.14