INTERACTIVE BROKERS GROUP, INC. IBKR Cash Flow

Interactive brokers group, inc. (IBKR)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net income
290,000	294,000	261,000	210,000	324,000	290,000	258,000	258,000	319,000	164,000	247,000	187,000	195,000	21,000	168,000	200,000	310,000	121,000	182,000	221,000	-109,000	66,000	31,000	161,000	201,000	36,708	185,968	120,036	75,288	100,640	157,873	97,530	140,943	144,804	202,487	136,648	203,240	3,960	148,719	64,768	59,687
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Translation losses (gains)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9,011	19,444	-11,111	-	-6,094	35,840	-15,655	85,161	10,840	115,762	42,852
Deferred income taxes
5,000	7,000	5,000	3,000	9,000	2,000	8,000	7,000	4,000	124,000	8,000	10,000	5,000	6,000	3,000	10,000	8,000	4,000	9,000	5,000	-3,000	3,000	7,000	6,000	2,000	-164	1,814	-409	9,759	903	6,957	8,133	1,791	-10,001	25,943	-268	9,514	-545	2,855	1,156	2,398
Depreciation and amortization
10,000	10,000	7,000	7,000	7,000	8,000	6,000	5,000	7,000	7,000	6,000	6,000	6,000	7,000	6,000	6,000	6,000	6,000	5,000	6,000	5,000	6,000	5,000	4,000	5,000	5,086	4,475	4,470	4,969	5,068	4,451	4,557	5,193	5,071	4,269	4,414	4,946	5,167	4,483	4,320	4,732
Amortization of right-of-use assets
5,000	6,000	5,000	5,000	5,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Employee stock plan compensation
16,000	17,000	13,000	14,000	16,000	16,000	13,000	15,000	14,000	15,000	13,000	12,000	13,000	17,000	12,000	10,000	12,000	12,000	14,000	11,000	13,000	9,000	10,000	12,000	10,000	12,914	3,905	15,711	8,470	13,060	16,984	16,469	20,579	18,200	9,676	10,843	10,467	11,516	10,018	9,985	10,181
Unrealized (gain) loss on other investments, net
-19,000	-14,000	-10,000	-74,000	106,000	-	-	0	2,000	-	-	-	-	4,000	2,000	-3,000	-4,000	-13,000	21,000	-4,000	-11,000	-	-	-	-	8,728	-2,092	-769	133	-5,578	5,644	1,089	1,009	29,727	10,927	-507	-3,261	-	-	-	-
Bad debt expense
-7,000	1,000	2,000	-4,000	-43,000	-2,000	1,000	0	-3,000	0	0	-1,000	-1,000	-	-	-	-	-291,000	7,000	-1,000	139,000	-5,000	1,000	0	1,000	64,528	1,129	889	454	151	166	424	17	4,614	1,544	2,431	264	-	-	-	-
Impairment loss
-	-	-	-	-	0	0	0	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in operating assets and liabilities:
Securities - segregated for regulatory purposes
12,363,000	-3,422,000	973,000	1,741,000	2,937,000	2,763,000	-536,000	615,000	-932,000	-2,335,000	-1,257,000	-821,000	-295,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash and securities - segregated for regulatory purposes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,000	1,749,000	2,199,000	11,412,000	-4,162,000	-2,652,000	1,307,000	108,000	-226,000	-59,000	1,586,000	762,639	282,296	187,494	42,571	4,491,340	-1,294,026	-3,014	-958,810	152,462	-1,495,080	-551,235	-368,542	-264,753	-312,908	-295,180	-104,820
Losses on non-trading investments, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,988	382	386
Bad debt expense and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,268	218
Securities borrowed
54,000	-94,000	-18,000	-168,000	865,000	-220,000	-37,000	620,000	11,000	-1,238,000	300,000	-28,000	294,000	-1,156,000	1,025,000	-251,000	87,000	-12,000	-550,000	91,000	735,000	1,112,000	544,000	-653,000	-95,000	612,097	-96,228	473,381	-907,250	132,003	-326,239	442,600	-419,838	723,372	-174,661	112,884	-30,921	1,373,529	-540,536	2,140,448	-1,214,205
Securities purchased under agreements to resell
-2,201,000	1,720,000	89,000	-278,000	338,000	911,000	-202,000	-144,000	-1,358,000	1,446,000	223,000	254,000	1,000	-37,000	35,000	-692,000	610,000	-362,000	-67,000	19,000	219,000	-	1,000	8,000	104,000	101,870	99,795	-125,627	-33,038	-84,756	33,677	-12,584	10,125	88,032	-159,107	20,717	11,291	60,876	-10,727	-140,565	-14,610
Financial instruments owned, at fair value
-704,000	40,000	689,000	-136,000	-803,000	-467,000	501,000	-326,000	-742,000	573,000	5,000	-450,000	-1,014,000	212,000	-434,000	609,000	260,000	-432,000	185,000	140,000	-461,000	585,000	158,000	-190,000	-1,021,000	23,463	12,601	-14,491	-117,573	-2,982,009	466,350	260,671	184,646	2,276,926	-2,807,135	318,335	1,019,213	1,783,701	-162,293	277,791	-25,724
Receivables from customers
11,205,000	-5,334,000	-64,000	-40,000	1,106,000	3,894,000	-1,942,000	494,000	354,000	-4,488,000	-2,500,000	-1,561,000	-1,865,000	-1,186,000	-3,089,000	82,000	1,828,000	-1,171,000	3,116,000	-1,564,000	-525,000	209,000	-1,936,000	-913,000	-818,000	-869,466	-1,415,746	-127,708	-1,333,080	-458,794	-888,922	-42,460	-1,436,050	-209,056	2,506,235	-35,678	-2,313,260	-1,551,587	-982,366	-13,035	-1,189,460
Other receivables
805,000	-157,000	134,000	-12,000	31,000	-116,000	-288,000	150,000	162,000	-172,000	-112,000	109,000	17,000	267,000	-579,000	632,000	22,000	-657,000	331,000	12,000	-99,000	236,000	134,000	-141,000	54,000	369,287	-458,126	71,364	34,475	-1,074,067	207,389	108,086	207,718	-225,678	-227,140	-207,669	-5,864	-200,529	87,227	67,775	-206,620
Other assets
4,000	21,000	3,000	5,000	140,000	-4,000	-21,000	2,000	12,000	2,000	6,000	-7,000	2,000	0	-7,000	1,000	3,000	-26,000	-4,000	7,000	10,000	-42,000	17,000	-10,000	-1,000	-98,857	46,857	-15,057	-7,943	3,014	-528	-2,566	-2,806	2,011	11,520	-7,645	7,646	10,026	5,029	-1,615	254
Securities loaned
-366,000	455,000	-146,000	-149,000	213,000	203,000	-257,000	-80,000	-273,000	312,000	500,000	-335,000	-326,000	676,000	347,000	869,000	-493,000	170,000	-417,000	36,000	-94,000	1,139,000	19,000	-891,000	368,000	370,266	-275,295	269,537	359,492	-106,237	86,609	89,474	383,369	-186,793	-187,643	240,832	-139,948	47,969	205,671	44,384	222,525
Securities sold under agreements to repurchase
-1,909,000	-	-	-	-	0	0	0	-1,316,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial instruments sold but not yet purchased, at fair value
-296,000	-520,000	620,000	102,000	-426,000	-234,000	285,000	388,000	-525,000	-410,000	203,000	-392,000	-779,000	-303,000	-417,000	-87,000	353,000	-442,000	858,000	-56,000	-322,000	-1,138,000	184,000	352,000	17,000	-440,032	-447,858	-326,237	81,127	-262,970	-807,579	-327,674	-471,665	-2,202,448	3,405,692	-390,044	-782,276	-2,220,092	470,021	-1,763,728	841,733
Payable to customers
6,491,000	1,774,000	1,420,000	2,312,000	2,749,000	-1,830,000	1,584,000	816,000	-125,000	-2,000	1,600,000	1,649,000	2,570,000	-755,000	3,167,000	929,000	1,306,000	1,769,000	1,478,000	1,612,000	429,000	1,830,000	1,554,000	1,436,000	656,000	1,509,629	1,854,458	-106,011	1,638,924	143,397	2,041,215	-257,930	2,195,191	23,592	-878,660	748,592	2,346,102	1,648,320	1,424,594	-52,430	1,444,788
Other payables
47,000	-35,000	-126,000	51,000	171,000	109,000	93,000	-55,000	-107,000	102,000	-201,000	267,000	-36,000	4,000	-63,000	-87,000	-31,000	-56,000	90,000	102,000	41,000	-32,000	-133,000	149,000	-90,000	109,594	-79,610	17,705	-65,689	-173,550	-8,849	171,239	95,769	-303,584	15,409	14,453	10,307	126,588	-156,073	128,537	101,445
Net cash provided by operating activities
5,203,000	488,000	133,000	1,442,000	603,000	-408,000	632,000	931,000	1,201,000	-1,230,000	709,000	807,000	779,000	521,000	102,000	-110,000	122,000	98,000	726,000	121,000	-220,000	378,000	243,000	55,000	-259,000	267,512	44,801	36,598	-208,911	513,745	-307,839	573,488	-53,930	317,160	258,182	452,943	-36,737	920,014	206,547	591,023	-24,240
Cash flows from investing activities:
Purchases of other investments
-	0	0	3,000	16,000	-	-	-	-	-	-	-	-	11,000	0	0	6,000	7,000	-27,000	22,000	14,000	22,000	347,000	14,000	60,000	74,066	63,064	59,388	67,482	126,377	160,469	101,610	64,705	78,166	79,555	-4,347	39,737	-	-	-	-
Distributions received and proceeds from sales of other investments
1,000	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2,000	36,000	5,000	-33,000	23,000	16,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of other investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	146,000	152,000	-	42,407	92,604	67,234	124,332	148,557	86,441	57,828	48,232	0	10,767	7,916	-	-	-	-
Distributions received from and redemptions of equity investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	11,054	0	0	0	1,567	2,715	0	0	0	-	-	-	-
Purchase of investments, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1	0
Purchase of property, equipment and intangible assets
12,000	12,000	17,000	19,000	26,000	13,000	8,000	7,000	8,000	12,000	6,000	4,000	6,000	6,000	7,000	7,000	7,000	7,000	3,000	14,000	6,000	5,000	4,000	5,000	5,000	4,994	4,060	4,244	3,702	4,026	4,242	4,553	5,176	3,873	2,682	3,824	3,167	3,598	3,625	6,748	4,137
Net cash used in investing activities
-11,000	-12,000	-15,000	-20,000	-42,000	-14,000	-7,000	-28,000	-8,000	-12,000	-4,000	-4,000	-6,000	-17,000	-7,000	-5,000	23,000	-9,000	-9,000	-13,000	-4,000	-10,000	-151,000	128,000	87,000	-44,359	-24,717	28,972	7,104	-6,071	-16,154	-19,722	-10,486	-31,092	-82,237	11,290	-34,988	-2,780	-3,625	-6,749	-4,137
Cash flows from financing activities:
Issuances of senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	70,007	75,631	120,976	143,704	130,384	151,538	160,528	159,530
Redemptions of senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-202,822	0	30,238	71,173	94,469	128,058	143,565	137,418	155,413	162,760	147,872	147,109
Repayments of senior secured credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	100,000	0	0	0	0
Short-term borrowings, net
-2,000	1,000	0	0	-2,000	-11,000	-165,000	174,000	4,000	-23,000	29,000	-29,000	-36,000	50,000	16,000	4,000	4,000	-4,000	-5,000	-21,000	-4,000	-25,000	44,000	-18,000	9,000	21,841	-10,247	-6,021	-91,573	93,874	3,421	-1,028	7,615	-158,267	132,625	-136,423	-18,777	-342,097	29,673	61,539	90,440
Dividends paid to stockholders
8,000	-	-	-	8,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of former member interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-780	1	-816	-1,226	0	0	0
Dividends paid to stockholders
-	-	-	-	-	-	-	7,000	7,000	-	7,000	7,000	7,000	6,000	7,000	6,000	7,000	7,000	6,000	6,000	6,000	6,000	6,000	6,000	5,000	5,258	4,997	4,995	4,750	-	-	-	4,557	4,557	4,557	4,358	0	-	-	-	-
Distributions from IBG LLC to noncontrolling interests
53,000	54,000	205,000	38,000	60,000	40,000	49,000	189,000	61,000	50,000	140,000	48,000	34,000	35,000	24,000	125,000	35,000	46,000	112,000	34,000	35,000	35,000	41,000	146,000	57,000	34,302	37,292	35,269	35,137	419,989	35,135	35,136	34,993	35,695	67,618	70,930	0	884,961	33,050	47,042	34,118
Net cash used in financing activities
-63,000	-61,000	-242,000	-46,000	-70,000	-58,000	-222,000	-55,000	-64,000	-80,000	-133,000	-84,000	-77,000	9,000	10,000	-170,000	-38,000	-47,000	-118,000	-85,000	-45,000	-66,000	-3,000	-186,000	-53,000	-17,719	-52,536	-46,285	-131,460	-394,473	-36,463	-71,151	-103,108	-222,981	7,243	-234,299	-113,307	-865,598	-73,945	-304,009	68,743
Effect of exchange rate changes on cash, cash equivalents, and restricted cash
-38,000	38,000	-28,000	16,000	-2,000	-5,000	-4,000	-78,000	8,000	-1,000	5,000	38,000	23,000	-47,000	2,000	-19,000	39,000	-29,000	-52,000	28,000	-10,000	-44,000	-78,000	12,000	3,000	6,317	29,644	-31,597	-31,364	18,846	16,456	-30,509	23,428	-3,877	-50,388	16,841	6,973	10,866	51,696	-19,442	3,295
Net increase in cash, cash equivalents, and restricted cash
5,091,000	453,000	-152,000	1,392,000	489,000	-485,000	399,000	770,000	1,137,000	-1,323,000	577,000	757,000	719,000	466,000	107,000	-304,000	146,000	13,000	547,000	51,000	-279,000	-	-	9,000	-222,000	211,751	-2,808	-12,312	-364,631	132,047	-344,000	452,106	-144,096	59,210	132,800	246,775	-178,059	62,502	180,673	260,823	43,661
Supplemental disclosures of cash flow information:
Cash paid for interest
129,000	139,000	188,000	169,000	158,000	136,000	113,000	106,000	89,000	73,000	59,000	47,000	30,000	21,000	21,000	17,000	18,000	18,000	18,000	14,000	18,000	25,000	23,000	11,000	14,000	12,339	11,845	14,356	14,460	12,690	15,002	17,581	18,585	22,168	24,595	22,730	18,029	17,707	15,690	17,619	16,571
Cash paid for taxes, net
15,000	10,000	14,000	15,000	12,000	15,000	9,000	13,000	13,000	16,000	14,000	10,000	7,000	12,000	11,000	1,000	5,000	9,000	5,000	7,000	10,000	10,000	6,000	-6,000	27,000	6,757	8,270	16,345	20,628	-2,242	6,890	12,223	6,239	9,902	14,398	21,786	32,772	20,790	3,598	52,383	8,276
Cash paid for amounts included in lease liabilities
5,000	5,000	5,000	5,000	5,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash financing activities:
Adjustments to additional paid-in capital for changes in proportionate ownership in IBG LLC
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-50,463	637	19,701	125	27,566	-27,529	13,725	38	80	6,102	13,108	0	-	-	-	-
Adjustments to noncontrolling interests for changes in proportionate ownership in IBG LLC
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50,463	-637	-19,701	-125	-34	-3	-13,801	38	80	6,102	13,108	0	-	-	-	-
Changes in redemption value of redeemable noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-5,996,220	726,601	356,246	-637,766	-85,129	-684,581	-	-	-	-
Changes to total equity for the change in redemptions value of redeemable noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-100	0	5,996,220	-726,601	-356,246	637,766	85,129	684,581	-	-	-	-