INTERACTIVE BROKERS GROUP, INC. IBKR Cash Flow

Interactive brokers group, inc. (IBKR)

CashFlow / TTM

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
1,055	1,089	1,085	1,082	1,130	1,125	999	988	917	793	650	571	584	699	799	813	834	415	360	209	149	459	429	584	543	418	481	453	431	496	541	585	624	687	546	492	420	277	0	0	0
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Translation losses (gains)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	99	116	196	254	0	0	0
Deferred income taxes
20	24	19	22	26	21	143	143	146	147	29	24	24	27	25	31	26	15	14	12	13	18	14	9	3	11	12	17	25	17	6	25	17	25	34	11	12	5	0	0	0
Depreciation and amortization
34	31	29	28	26	26	25	25	26	25	25	25	25	25	24	23	23	22	22	22	20	20	19	18	19	19	18	18	19	19	19	19	18	18	18	19	18	18	0	0	0
Amortization of right-of-use assets
21	21	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Employee stock plan compensation
60	60	59	59	60	58	57	57	54	53	55	54	52	51	46	48	49	50	47	43	44	41	44	38	42	41	41	54	54	67	72	64	59	49	42	42	41	41	0	0	0
Unrealized (gain) loss on other investments, net
-117	8	0	0	0	-	-	0	0	-	-	-	-	-1	-18	1	0	-7	0	0	0	-	-	-	-	6	-8	-0	1	2	37	42	41	36	0	0	0	-	-	-	-
Bad debt expense
-8	-44	-47	-48	-44	-4	-2	-3	-4	-2	0	0	0	-	-	-	-	-146	140	134	135	-3	66	66	67	67	2	1	1	0	5	6	8	8	0	0	0	-	-	-	-
Impairment loss
-	-	-	-	-	1	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in operating assets and liabilities:
Securities - segregated for regulatory purposes
11,655	2,229	8,414	6,905	5,779	1,910	-3,188	-3,909	-5,345	-4,708	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash and securities - segregated for regulatory purposes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,353	11,198	6,797	5,905	-5,399	-1,463	1,130	1,409	2,063	2,571	2,818	1,275	5,003	3,427	3,236	2,235	-2,103	-2,304	-2,852	-2,262	-2,679	-1,497	-1,241	-977	0	0	0
Losses on non-trading investments, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Bad debt expense and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Securities borrowed
-226	585	459	440	1,228	374	-644	-307	-955	-672	-590	135	-88	-295	849	-726	-384	264	1,388	2,482	1,738	908	408	-232	894	82	-398	-628	-658	-171	419	571	241	630	1,280	914	2,942	1,759	0	0	0
Securities purchased under agreements to resell
-670	1,869	1,060	769	903	-793	-258	167	565	1,924	441	253	-693	-84	-409	-511	200	-191	0	0	0	-	214	313	180	43	-143	-209	-96	-53	119	-73	-40	-39	-66	82	-79	-105	0	0	0
Financial instruments owned, at fair value
-111	-210	-717	-905	-1,095	-1,034	6	-490	-614	-886	-1,247	-1,686	-627	647	3	622	153	-568	449	422	92	-468	-1,029	-1,174	-999	-96	-3,101	-2,647	-2,372	-2,070	3,188	-84	-27	807	314	2,958	2,918	1,873	0	0	0
Receivables from customers
5,767	-4,332	4,896	3,018	3,552	2,800	-5,582	-6,140	-8,195	-10,414	-7,112	-7,701	-6,058	-2,365	-2,350	3,855	2,209	-144	1,236	-3,816	-3,165	-3,458	-4,536	-4,016	-3,230	-3,746	-3,335	-2,808	-2,723	-2,826	-2,576	818	825	-51	-1,394	-4,882	-4,860	-3,736	0	0	0
Other receivables
770	-4	37	-385	-223	-92	-148	28	-13	-158	281	-186	337	342	-582	328	-292	-413	480	283	130	283	416	-175	36	17	-1,426	-760	-724	-550	297	-137	-452	-666	-641	-326	-51	-252	0	0	0
Other assets
33	169	144	120	117	-11	-5	22	13	3	1	-12	-4	-3	-29	-26	-20	-13	-29	-8	-25	-36	-92	-63	-68	-75	26	-20	-8	-2	-3	8	3	13	21	15	21	13	0	0	0
Securities loaned
-206	373	121	10	79	-407	-298	459	204	151	515	362	1,566	1,399	893	129	-704	-305	664	1,100	173	635	-133	-428	732	724	247	609	429	453	372	98	249	-273	-38	354	158	520	0	0	0
Securities sold under agreements to repurchase
0	-	-	-	-	-1,316	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial instruments sold but not yet purchased, at fair value
-94	-224	62	-273	13	-86	-262	-344	-1,124	-1,378	-1,271	-1,891	-1,586	-454	-593	682	713	38	-658	-1,332	-924	-585	112	-518	-1,197	-1,133	-955	-1,315	-1,317	-1,869	-3,809	403	341	30	13	-2,922	-4,296	-2,672	0	0	0
Payable to customers
11,997	8,255	4,651	4,815	3,319	445	2,273	2,289	3,122	5,817	5,064	6,631	5,911	4,647	7,171	5,482	6,165	5,288	5,349	5,425	5,249	5,476	5,155	5,456	3,914	4,897	3,530	3,717	3,565	4,121	4,002	1,082	2,088	2,239	3,864	6,167	5,366	4,465	0	0	0
Other payables
-63	61	205	424	318	40	33	-261	61	132	34	172	-182	-177	-237	-84	105	177	201	-22	25	-106	35	88	-42	-18	-301	-230	-76	84	-45	-21	-177	-263	166	-4	109	200	0	0	0
Net cash provided by operating activities
7,266	2,666	1,770	2,269	1,758	2,356	1,534	1,611	1,487	1,065	2,816	2,209	1,292	635	212	836	1,067	725	1,005	522	456	417	306	108	89	140	386	33	570	725	528	1,094	974	991	1,594	1,542	1,680	1,693	0	0	0
Cash flows from investing activities:
Purchases of other investments
-	19	0	0	0	-	-	-	-	-	-	-	-	17	13	-14	8	16	31	405	397	443	495	211	256	264	316	413	455	453	404	324	218	193	0	0	0	-	-	-	-
Distributions received and proceeds from sales of other investments
0	-	-	-	-	-	-	-	-	-	-	-	-	38	43	10	31	11	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of other investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	326	432	426	417	341	192	116	66	0	0	0	-	-	-	-
Distributions received from and redemptions of equity investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11	11	11	1	4	4	4	2	0	0	0	-	-	-	-
Purchase of investments, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Purchase of property, equipment and intangible assets
60	74	75	66	54	36	35	33	30	28	22	23	26	27	28	24	31	30	28	29	20	19	18	19	18	17	16	16	16	17	17	16	15	13	13	14	17	18	0	0	0
Net cash used in investing activities
-58	-89	-91	-83	-91	-57	-55	-52	-28	-26	-31	-34	-35	-6	2	0	-8	-35	-36	-178	-37	54	19	145	46	-33	5	13	-34	-52	-77	-143	-112	-137	-108	-30	-48	-17	0	0	0
Cash flows from financing activities:
Issuances of senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	410	470	546	586	601	0	0	0
Redemptions of senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-101	195	323	437	503	564	599	603	613	0	0	0
Repayments of senior secured credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	100	100	100	0	0	0	0
Short-term borrowings, net
-1	-1	-13	-178	-4	2	-10	184	-19	-59	14	1	34	74	20	-1	-26	-34	-55	-6	-3	10	56	2	14	-86	-13	-0	4	103	-148	-19	-154	-180	-364	-467	-269	-160	0	0	0
Dividends paid to stockholders
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of former member interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	-2	-2	-2	-1	0	0	0
Dividends paid to stockholders
-	-	-	-	-	-	-	0	28	-	27	27	26	26	27	26	26	25	24	24	24	23	22	21	20	20	0	0	0	-	-	-	18	13	0	0	0	-	-	-	-
Distributions from IBG LLC to noncontrolling interests
350	357	343	187	338	339	349	440	299	272	257	141	218	219	230	318	227	227	216	145	257	279	278	274	163	142	527	525	525	525	140	173	209	174	1,023	988	965	999	0	0	0
Net cash used in financing activities
-412	-419	-416	-396	-405	-399	-421	-332	-361	-374	-285	-142	-228	-189	-245	-373	-288	-295	-314	-199	-300	-308	-259	-309	-169	-248	-624	-608	-633	-605	-433	-389	-553	-563	-1,205	-1,287	-1,356	-1,174	0	0	0
Effect of exchange rate changes on cash, cash equivalents, and restricted cash
-12	24	-19	5	-89	-79	-75	-66	50	65	19	16	-41	-25	-7	-61	-14	-63	-78	-104	-120	-107	-56	50	7	-27	-14	-27	-26	28	5	-61	-13	-30	-15	86	50	46	0	0	0
Net increase in cash, cash equivalents, and restricted cash
6,784	2,182	1,244	1,795	1,173	1,821	983	1,161	1,148	730	2,519	2,049	988	415	-38	402	757	332	0	0	0	-	-	-4	-25	-168	-247	-588	-124	96	23	500	294	260	264	311	325	547	0	0	0
Supplemental disclosures of cash flow information:
Cash paid for interest
625	654	651	576	513	444	381	327	268	209	157	119	89	77	74	71	68	68	75	80	77	73	60	49	52	53	53	56	59	63	73	82	88	87	83	74	69	67	0	0	0
Cash paid for taxes, net
54	51	56	51	49	50	51	56	53	47	43	40	31	29	26	20	26	31	32	33	20	37	33	36	58	52	43	41	37	23	35	42	52	78	89	78	109	85	0	0	0
Cash paid for amounts included in lease liabilities
20	20	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash financing activities:
Adjustments to additional paid-in capital for changes in proportionate ownership in IBG LLC
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-30	48	19	13	13	-13	19	19	19	0	0	0	-	-	-	-
Adjustments to noncontrolling interests for changes in proportionate ownership in IBG LLC
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30	-20	-19	-13	-13	-13	-7	19	19	0	0	0	-	-	-	-
Changes in redemption value of redeemable noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,269	-4,913	-5,551	359	-1,051	0	0	0	-	-	-	-
Changes to total equity for the change in redemptions value of redeemable noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,269	4,913	5,551	-359	1,051	0	0	0	-	-	-	-