BGC Partners, Inc. (BGCP) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments427369833657461648717
Cash and cash equivalents414337634502461648717
Short-term investments1332198155   
Receivables (9)(24)(16)(22)(26)(15)
Total current assets:427360809641440622702
Noncurrent Assets
Operating lease, right-of-use asset168
Property, plant and equipment195157189166146112128
Long-term investments and receivables363514233391718
Long-term investments363514233391718
Intangible assets, net (including goodwill)8618031,2571,1111,046421182
Goodwill552505946864812393163
Intangible assets, net (excluding goodwill)3092993112482342818
Total noncurrent assets:1,2609961,5881,3111,231550327
Other undisclosed assets4,8612,0773,0611,5572,3211,5791,051
TOTAL ASSETS:6,5483,4335,4573,5083,9912,7512,079
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 231249203185150174
Taxes payable 231249203185150174
Debt22020    
Securities loaned1315202 118  
Total current liabilities:15267472203303150174
Noncurrent Liabilities
Long-term debt and lease obligation1,1057641,651    
Long-term debt, excluding current maturities1,1057641,651    
Liabilities, other than long-term debt 1815192334 
Business combination, contingent consideration, liability 1815192334
Total noncurrent liabilities:1,1057821,665192334 
Other undisclosed liabilities4,6041,4972,1342,0812,3661,9251,135
Total liabilities:5,7242,5454,2712,3022,6922,1101,310
Temporary equity, carrying amount252546535760 
Stockholders' equity
Stockholders' equity attributable to parent, including:722768634842651402464
Treasury stock, value(315)(314)(304)(289)(212)(201)(122)
Additional paid in capital2,2442,2081,7631,4671,109817746
Accumulated other comprehensive income (loss)(34)(24)(10)(23)(25)4(6)
Accumulated deficit(1,177)(1,105)(859)(359)(273)(269)(168)
Other additional capital     4712
Other undisclosed stockholders' equity attributable to parent4444465332
Stockholders' equity attributable to noncontrolling interest7795506312591180238
Total stockholders' equity:8008631,1401,1541,243582703
Other undisclosed liabilities and equity      67
TOTAL LIABILITIES AND EQUITY:6,5483,4335,4573,5083,9912,7512,079

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues6611,9383,3532,6132,5751,7872,498
Principal transactions revenue, net250313
Revenues, excluding interest and dividends  3,3022,6002,5651,7802,491
Brokerage commissions revenue1,2601,510
Financial services revenue2,6662,3202,2471,562317
Cost of revenue(1,809)(1,008)(73)(1,654)(1,695)(1,121)(1,256)
Cost of goods and services sold(857)(1,008) (1,654)(1,695)(1,121)(1,256)
Amortization of mortgage servicing rights (msrs)  (73)    
Gross profit:(1,148)9303,2809598806661,243
Operating expenses(688)(1,816)(3,226)(2,533)(2,706)(1,835)(2,232)
Other operating income (expense), net
(Other Expenses)
     (154)104
Operating income (loss):(1,836)(886)54(1,574)(1,826)(1,323)(885)
Nonoperating income (expense)(49)5810510851944723
Investment income, nonoperating      723
Other nonoperating income (expense)(68)50989812353 
Interest and debt expense3(42)(103)(58)(69)(38)(38)
Income (loss) from continuing operations before equity method investments, income taxes:(1,882)(869)56(1,523)(1,376)(1,316)(201)
Loss from equity method investments     (9)(10)
Other undisclosed income from continuing operations before income taxes1,8061,0491761,7111,7641,322476
Income (loss) from continuing operations before income taxes:(76)180232188389(3)266
Income tax expense(19)(76)(150)(60)(120)(1)(92)
Income (loss) from continuing operations:(95)10482128268(4)174
Income from discontinued operations 176     
Other undisclosed income before gain (loss) on sale of properties176      
Net income (loss):8228082128268(4)174
Net income (loss) attributable to noncontrolling interest  (30)(26)(142)8(103)
Other undisclosed net loss attributable to parent(26)(82)     
Net income attributable to parent:5519851102127471
Other undisclosed net loss available to common stockholders, basic(2)(3)     
Net income available to common stockholders, basic:5319451102127471
Interest on convertible debt   38  
Other undisclosed net income (loss) available to common stockholders, diluted(98) 245234226
Net income (loss) available to common stockholders, diluted:(45)19475158169697

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):8228082128268(4)174
Other comprehensive income (loss)(14)(14)151(33)12(2)
Comprehensive income:68266971292358172
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(25)(80)(63)(50)(279)14205
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  3026142(8)(308)
Comprehensive income, net of tax, attributable to parent:4318664104971469

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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