BGC Partners, Inc. (BGCP) financial statements (2022 and earlier)

Company profile

Business Address 499 PARK AVENUE
NEW YORK, NY 10022
State of Incorp. DE
Fiscal Year End December 31
SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments554 430369833657
Cash and cash equivalents554 415337634502
Short-term investments0 1432198155
Receivables(10) (11)(9)(24)(16)
Total current assets:544 419360809641
Noncurrent Assets
Finance lease, right-of-use asset3  
Operating lease, right-of-use asset136 169
Property, plant and equipment  205157189166
Long-term investments and receivables33 403514233
Long-term investments33 403514233
Intangible assets, net (including goodwill)695 8578031,2571,111
Goodwill487 554505946864
Intangible assets, net (excluding goodwill)208 303299311248
Deferred income tax assets135  
Total noncurrent assets:1,002 1,2719961,5881,311
Other undisclosed assets1,796 2,2262,0773,0611,557
TOTAL ASSETS:3,342 3,9163,4335,4573,508
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities278 217231249203
Taxes payable278 217231249203
Debt20 202020 
Securities loaned  1415202 
Total current liabilities:298 251267472203
Noncurrent Liabilities
Long-term debt and lease obligation1,053 1,1437641,651 
Long-term debt, excluding current maturities1,053 1,1437641,651 
Liabilities, other than long-term debt   181519
Business combination, contingent consideration, liability   181519
Total noncurrent liabilities:1,053 1,1437821,66519
Other undisclosed liabilities1,309 1,7551,4972,1342,081
Total liabilities:2,660 3,1492,5454,2712,302
Temporary equity, carrying amount19 24254653
Stockholders' equity
Stockholders' equity attributable to parent, including:620 686768634842
Treasury stock, value(624) (315)(314)(304)(289)
Additional paid in capital2,451 2,2722,2081,7631,467
Accumulated other comprehensive loss(41) (33)(24)(10)(23)
Accumulated deficit(1,172) (1,242)(1,105)(859)(359)
Other undisclosed stockholders' equity attributable to parent5 444446
Stockholders' equity attributable to noncontrolling interest44 5895506312
Total stockholders' equity:663 7448631,1401,154
TOTAL LIABILITIES AND EQUITY:3,342 3,9163,4335,4573,508

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues2,015 2,1041,9383,3532,613
Principal transactions revenue, net328 322313
Revenues, excluding interest and dividends    3,3022,600
Brokerage commissions revenue1,542 1,6461,510
Financial services revenue2,6662,320
Cost of revenue(1,271) (1,128)(1,008)(73)(1,654)
Cost of goods and services sold(1,271) (1,128)(1,008) (1,654)
Amortization of mortgage servicing rights (msrs)    (73) 
Gross profit:744 9769303,280959
Operating expenses(2,178) (2,022)(1,816)(3,226)(2,533)
Operating income (loss):(1,434) (1,045)(886)54(1,574)
Nonoperating income339 5558105108
Other nonoperating income20 33509898
Interest and debt expense(69) (59)(42)(103)(58)
Income (loss) from continuing operations before equity method investments, income taxes:(1,164) (1,049)(869)56(1,523)
Other undisclosed income from continuing operations before income taxes1,341 1,1871,0491761,711
Income from continuing operations before income taxes:177 138180232188
Income tax expense(23) (53)(76)(150)(60)
Income from continuing operations:153 8510482128
Income from discontinued operations   176  
Net income:153 8528082128
Net loss attributable to noncontrolling interest(29)   (30)(26)
Other undisclosed net loss attributable to parent  (29)(82)  
Net income attributable to parent:124 5619851102
Other undisclosed net loss available to common stockholders, basic   (3)  
Net income available to common stockholders, basic:124 5619451102
Interest on convertible debt     3
Other undisclosed net income available to common stockholders, diluted50   2452
Net income available to common stockholders, diluted:174 5619475158

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:153 8528082128
Other comprehensive income (loss)(13) (13)(14)151
Comprehensive income:140 7226697129
Comprehensive loss, net of tax, attributable to noncontrolling interest(28) (25)(80)(63)(50)
Other undisclosed comprehensive income, net of tax, attributable to parent    3026
Comprehensive income, net of tax, attributable to parent:112 4718664104

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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