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 investments | 594 | 430 | 369 | 833 | 657 | 461 | 648 | ||
| Cash and cash equivalents | 594 | 415 | 337 | 634 | 502 | 461 | 648 | ||
| Short-term investments | 0 | 14 | 32 | 198 | 155 | ||||
| Receivables | (14) | (11) | (9) | (24) | (16) | (22) | (26) | ||
| Total current assets: | 580 | 419 | 360 | 809 | 641 | 440 | 622 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 166 | 169 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 215 | 205 | 157 | 189 | 166 | 146 | 112 | ||
| Long-term investments and receivables | 38 | 40 | 35 | 142 | 33 | 39 | 17 | ||
| Long-term investments | 38 | 40 | 35 | 142 | 33 | 39 | 17 | ||
| Intangible assets, net (including goodwill) | 843 | 857 | 803 | 1,257 | 1,111 | 1,046 | 421 | ||
| Goodwill | 556 | 554 | 505 | 946 | 864 | 812 | 393 | ||
| Intangible assets, net (excluding goodwill) | 287 | 303 | 299 | 311 | 248 | 234 | 28 | ||
| Total noncurrent assets: | 1,262 | 1,271 | 996 | 1,588 | 1,311 | 1,231 | 550 | ||
| Other undisclosed assets | 2,108 | 2,226 | 2,077 | 3,061 | 1,557 | 2,321 | 1,579 | ||
| TOTAL ASSETS: | 3,949 | 3,916 | 3,433 | 5,457 | 3,508 | 3,991 | 2,751 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 256 | 217 | 231 | 249 | 203 | 185 | 150 | ||
| Taxes payable | 256 | 217 | 231 | 249 | 203 | 185 | 150 | ||
| Debt | 4 | 20 | 20 | 20 | |||||
| Securities loaned | 14 | 15 | 202 | 118 | |||||
| Total current liabilities: | 260 | 251 | 267 | 472 | 203 | 303 | 150 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,316 | 1,143 | 764 | 1,651 | |||||
| Long-term debt, excluding current maturities | 1,316 | 1,143 | 764 | 1,651 | |||||
| Liabilities, other than long-term debt | 18 | 15 | 19 | 23 | 34 | ||||
| Business combination, contingent consideration, liability | 18 | 15 | 19 | 23 | 34 | ||||
| Total noncurrent liabilities: | 1,316 | 1,143 | 782 | 1,665 | 19 | 23 | 34 | ||
| Other undisclosed liabilities | 1,545 | 1,755 | 1,497 | 2,134 | 2,081 | 2,366 | 1,925 | ||
| Total liabilities: | 3,120 | 3,149 | 2,545 | 4,271 | 2,302 | 2,692 | 2,110 | ||
| Temporary equity, carrying amount | 21 | 24 | 25 | 46 | 53 | 57 | 60 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 749 | 686 | 768 | 634 | 842 | 651 | 402 | ||
| Treasury stock, value | (315) | (315) | (314) | (304) | (289) | (212) | (201) | ||
| Additional paid in capital | 2,354 | 2,272 | 2,208 | 1,763 | 1,467 | 1,109 | 817 | ||
| 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 parent | 4 | 4 | 4 | 44 | 46 | 53 | 3 | ||
| Stockholders' equity attributable to noncontrolling interest | 59 | 58 | 95 | 506 | 312 | 591 | 180 | ||
| Total stockholders' equity: | 808 | 744 | 863 | 1,140 | 1,154 | 1,243 | 582 | ||
| TOTAL LIABILITIES AND EQUITY: | 3,949 | 3,916 | 3,433 | 5,457 | 3,508 | 3,991 | 2,751 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,057 | 2,104 | 1,938 | 3,353 | 2,613 | 2,575 | 1,787 | |
| Principal transactions revenue, net | 352 | 322 | 313 | ✕ | ✕ | ✕ | ✕ | |
| Revenues, excluding interest and dividends | 3,302 | 2,600 | 2,565 | 1,780 | ||||
| Brokerage commissions revenue | 1,568 | 1,646 | 1,510 | ✕ | ✕ | ✕ | ✕ | |
| Financial services revenue | ✕ | ✕ | ✕ | 2,666 | 2,320 | 2,247 | 1,562 | |
| 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: | 925 | 976 | 930 | 3,280 | 959 | 880 | 666 | |
| 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 income | 7 | 55 | 58 | 105 | 108 | 519 | 44 | |
| Other nonoperating income | 2 | 33 | 50 | 98 | 98 | 123 | 53 | |
| 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) | 1,187 | 1,049 | 176 | 1,711 | 1,764 | 1,322 | |
| Income (loss) from continuing operations before income taxes: | 78 | 138 | 180 | 232 | 188 | 389 | (3) | |
| Income tax expense | (21) | (53) | (76) | (150) | (60) | (120) | (1) | |
| Income (loss) from continuing operations: | 57 | 85 | 104 | 82 | 128 | 268 | (4) | |
| Income from discontinued operations | 176 | |||||||
| Net income (loss): | 57 | 85 | 280 | 82 | 128 | 268 | (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: | 49 | 56 | 198 | 51 | 102 | 127 | 4 | |
| Other undisclosed net loss available to common stockholders, basic | (3) | |||||||
| Net income available to common stockholders, basic: | 49 | 56 | 194 | 51 | 102 | 127 | 4 | |
| Interest on convertible debt | 3 | 8 | ||||||
| Other undisclosed net income available to common stockholders, diluted | 24 | 52 | 34 | 2 | ||||
| Net income available to common stockholders, diluted: | 49 | 56 | 194 | 75 | 158 | 169 | 6 | |
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): | 57 | 85 | 280 | 82 | 128 | 268 | (4) | |
| Other comprehensive income (loss) | 5 | (13) | (14) | 15 | 1 | (33) | 12 | |
| Comprehensive income: | 61 | 72 | 266 | 97 | 129 | 235 | 8 | |
| 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 | 30 | 26 | 142 | (8) | ||||
| Comprehensive income, net of tax, attributable to parent: | 53 | 47 | 186 | 64 | 104 | 97 | 14 | |
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.