BGC Partners, Inc. (BGCP) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments594430369833657461648
Cash and cash equivalents594415337634502461648
Short-term investments01432198155  
Receivables(14)(11)(9)(24)(16)(22)(26)
Total current assets:580419360809641440622
Noncurrent Assets
Operating lease, right-of-use asset166169
Property, plant and equipment215205157189166146112
Long-term investments and receivables384035142333917
Long-term investments384035142333917
Intangible assets, net (including goodwill)8438578031,2571,1111,046421
Goodwill556554505946864812393
Intangible assets, net (excluding goodwill)28730329931124823428
Total noncurrent assets:1,2621,2719961,5881,3111,231550
Other undisclosed assets2,1082,2262,0773,0611,5572,3211,579
TOTAL ASSETS:3,9493,9163,4335,4573,5083,9912,751
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities256217231249203185150
Taxes payable256217231249203185150
Debt4202020   
Securities loaned 1415202 118 
Total current liabilities:260251267472203303150
Noncurrent Liabilities
Long-term debt and lease obligation1,3161,1437641,651   
Long-term debt, excluding current maturities1,3161,1437641,651   
Liabilities, other than long-term debt  1815192334
Business combination, contingent consideration, liability  1815192334
Total noncurrent liabilities:1,3161,1437821,665192334
Other undisclosed liabilities1,5451,7551,4972,1342,0812,3661,925
Total liabilities:3,1203,1492,5454,2712,3022,6922,110
Temporary equity, carrying amount21242546535760
Stockholders' equity
Stockholders' equity attributable to parent, including:749686768634842651402
Treasury stock, value(315)(315)(314)(304)(289)(212)(201)
Additional paid in capital2,3542,2722,2081,7631,4671,109817
Accumulated other comprehensive income (loss)(29)(33)(24)(10)(23)(25)4
Accumulated deficit(1,266)(1,242)(1,105)(859)(359)(273)(269)
Other additional capital      47
Other undisclosed stockholders' equity attributable to parent4444446533
Stockholders' equity attributable to noncontrolling interest595895506312591180
Total stockholders' equity:8087448631,1401,1541,243582
TOTAL LIABILITIES AND EQUITY:3,9493,9163,4335,4573,5083,9912,751

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2,0572,1041,9383,3532,6132,5751,787
Principal transactions revenue, net352322313
Revenues, excluding interest and dividends   3,3022,6002,5651,780
Brokerage commissions revenue1,5681,6461,510
Financial services revenue2,6662,3202,2471,562
Cost of revenue(1,132)(1,128)(1,008)(73)(1,654)(1,695)(1,121)
Cost of goods and services sold(1,132)(1,128)(1,008) (1,654)(1,695)(1,121)
Amortization of mortgage servicing rights (msrs)   (73)   
Gross profit:9259769303,280959880666
Operating expenses (2,022)(1,816)(3,226)(2,533)(2,706)(1,835)
Other operating expense, net
(Other Expenses)
      (154)
Operating income (loss):925(1,045)(886)54(1,574)(1,826)(1,323)
Nonoperating income7555810510851944
Other nonoperating income23350989812353
Interest and debt expense(77)(59)(42)(103)(58)(69)(38)
Income (loss) from continuing operations before equity method investments, income taxes:855(1,049)(869)56(1,523)(1,376)(1,316)
Loss from equity method investments      (9)
Other undisclosed income (loss) from continuing operations before income taxes(778)1,1871,0491761,7111,7641,322
Income (loss) from continuing operations before income taxes:78138180232188389(3)
Income tax expense(21)(53)(76)(150)(60)(120)(1)
Income (loss) from continuing operations:578510482128268(4)
Income from discontinued operations  176    
Net income (loss):578528082128268(4)
Net income (loss) attributable to noncontrolling interest   (30)(26)(142)8
Other undisclosed net loss attributable to parent(8)(29)(82)    
Net income attributable to parent:4956198511021274
Other undisclosed net loss available to common stockholders, basic  (3)    
Net income available to common stockholders, basic:4956194511021274
Interest on convertible debt    38 
Other undisclosed net income available to common stockholders, diluted   2452342
Net income available to common stockholders, diluted:4956194751581696

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):578528082128268(4)
Other comprehensive income (loss)5(13)(14)151(33)12
Comprehensive income:6172266971292358
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(8)(25)(80)(63)(50)(279)14
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   3026142(8)
Comprehensive income, net of tax, attributable to parent:5347186641049714

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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