2014 Q1 Form 10-Q Financial Statement

#000119312514192907 Filed on May 12, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $444.8M $445.0M
YoY Change -0.04% 11.97%
Cost Of Revenue $1.800M $2.800M
YoY Change -35.71% -20.0%
Gross Profit $440.8M $445.4M
YoY Change -1.03% 13.07%
Gross Profit Margin 99.1% 100.1%
Selling, General & Admin $398.1M $401.0M
YoY Change -0.72% 12.8%
% of Gross Profit 90.31% 90.03%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.82M $12.57M
YoY Change -13.92% 0.55%
% of Gross Profit 2.45% 2.82%
Operating Expenses $429.0M $431.3M
YoY Change -0.52% 18.16%
Operating Profit $11.76M $14.13M
YoY Change -16.8% -51.11%
Interest Expense $9.335M $9.700M
YoY Change -3.76% -197.0%
% of Operating Profit 79.41% 68.66%
Other Income/Expense, Net -$4.498M $17.30M
YoY Change -125.99%
Pretax Income $11.25M $13.70M
YoY Change -17.89% -27.53%
Income Tax $744.0K $3.095M
% Of Pretax Income 6.62% 22.6%
Net Earnings $8.008M $6.998M
YoY Change 14.43% -14.66%
Net Earnings / Revenue 1.8% 1.57%
Basic Earnings Per Share $0.04 $0.04
Diluted Earnings Per Share $0.04 $0.04
COMMON SHARES
Basic Shares Outstanding 220.6M shares 163.2M shares
Diluted Shares Outstanding 322.1M shares 317.8M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $680.7M $338.4M
YoY Change 101.14% 8.99%
Cash & Equivalents $639.0M $338.4M
Short-Term Investments $41.65M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $1.669B $1.458B
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.308B $1.797B
YoY Change 28.47% 56.38%
LONG-TERM ASSETS
Property, Plant & Equipment $119.7M $139.5M
YoY Change -14.16% 2.88%
Goodwill $171.4M
YoY Change
Intangibles $17.74M
YoY Change
Long-Term Investments $15.52M $23.20M
YoY Change -33.09% -55.3%
Other Assets
YoY Change
Total Long-Term Assets $764.6M $703.6M
YoY Change 8.67% -0.03%
TOTAL ASSETS
Total Short-Term Assets $2.308B $1.797B
Total Long-Term Assets $764.6M $703.6M
Total Assets $3.073B $2.500B
YoY Change 22.9% 34.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.355B $1.165B
YoY Change 16.31% 107.15%
Accrued Expenses $200.9M $143.6M
YoY Change 39.9% 3.68%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.556B $1.309B
YoY Change 18.9% 192.93%
LONG-TERM LIABILITIES
Long-Term Debt $408.0M $446.5M
YoY Change -8.62% 31.98%
Other Long-Term Liabilities $1.900M
YoY Change
Total Long-Term Liabilities $409.9M $446.5M
YoY Change -8.2% 31.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.556B $1.309B
Total Long-Term Liabilities $409.9M $446.5M
Total Liabilities $2.326B $2.092B
YoY Change 11.18% 45.0%
SHAREHOLDERS EQUITY
Retained Earnings -$186.3M
YoY Change
Common Stock $762.8M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $136.2M
YoY Change
Treasury Stock Shares
Shareholders Equity $448.6M $408.3M
YoY Change
Total Liabilities & Shareholders Equity $3.073B $2.500B
YoY Change 22.9% 34.95%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $8.008M $6.998M
YoY Change 14.43% -14.66%
Depreciation, Depletion And Amortization $10.82M $12.57M
YoY Change -13.92% 0.55%
Cash From Operating Activities $100.0K $7.500M
YoY Change -98.67% -163.56%
INVESTING ACTIVITIES
Capital Expenditures $3.315M $6.641M
YoY Change -50.08% -155.81%
Acquisitions $4.733M $214.0K
YoY Change 2111.68%
Other Investing Activities -$4.800M -$600.0K
YoY Change 700.0% -98.46%
Cash From Investing Activities -$10.80M -$11.60M
YoY Change -6.9% -77.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $19.14M $3.239M
YoY Change 490.77%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -67.30M -44.90M
YoY Change 49.89% -2238.1%
NET CHANGE
Cash From Operating Activities 100.0K 7.500M
Cash From Investing Activities -10.80M -11.60M
Cash From Financing Activities -67.30M -44.90M
Net Change In Cash -78.00M -49.00M
YoY Change 59.18% -19.14%
FREE CASH FLOW
Cash From Operating Activities $100.0K $7.500M
Capital Expenditures $3.315M $6.641M
Free Cash Flow -$3.215M $859.0K
YoY Change -474.27% 759.0%

Facts In Submission

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CY2013Q4 us-gaap Noncurrent Assets
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468711000
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
716919000
CY2013Q4 us-gaap Cash And Securities Segregated Under Federal And Other Regulations
CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations
8687000
CY2013Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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12185000
CY2013Q4 us-gaap Equity Method Investments
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17703000
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379300000
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5995000
CY2013Q4 us-gaap Interest Rate Derivative Instruments Not Designated As Hedging Instruments Asset At Fair Value
InterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue
445000
CY2013Q4 us-gaap Derivative Instruments Not Designated As Hedging Instruments Asset At Fair Value
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue
1634000
CY2013Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
5500000
CY2013Q4 us-gaap Receivables From Customers
ReceivablesFromCustomers
28860000
CY2013Q4 us-gaap Financial Instruments Owned Corporate Equities At Fair Value
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1092000
CY2013Q4 us-gaap Finite Lived Intangible Assets Gross
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25713000
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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CY2013Q4 us-gaap Other Assets
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174984000
CY2013Q4 us-gaap Due From Affiliates
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15211000
CY2013Q4 us-gaap Marketable Securities
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45002000
CY2013Q4 us-gaap Receivables From Clearing Organizations
ReceivablesFromClearingOrganizations
46684000
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688000
CY2013Q4 us-gaap Due From Employees
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142769000
CY2013Q4 us-gaap Receivables From Brokers Dealers And Clearing Organizations
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349915000
CY2013Q4 us-gaap Financial Instruments Owned At Fair Value
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33119000
CY2013Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
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32027000
CY2013Q4 us-gaap Treasury Stock Value
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121753000
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127615000
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250000000
CY2013Q4 bgcp Receivable From Open Derivative Contracts
ReceivableFromOpenDerivativeContracts
1634000
CY2013Q4 bgcp Fixed Assets Pledged For Secured Loan Value
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1500000
CY2013Q4 bgcp Derivative Liabilities Gross Amount Offset In Balance Sheet
DerivativeLiabilitiesGrossAmountOffsetInBalanceSheet
261000
CY2013Q4 bgcp Derivative Fair Value Of Derivative Asset Amount Not Offset Against Financial Instruments
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstFinancialInstruments
CY2013Q4 bgcp Payable For Open Derivative Contracts
PayableForOpenDerivativeContracts
1851000
CY2013Q4 bgcp Derivative Fair Value Of Derivative Liability Amount Not Offset Against Financial Instruments
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstFinancialInstruments
CY2013Q4 bgcp Receivable From Net Pending Trades
ReceivableFromNetPendingTrades
1964000
CY2013Q4 bgcp Notes Payable And Collateralized Borrowings
NotesPayableAndCollateralizedBorrowings
258356000
CY2013Q4 bgcp Notional Value Of Limited Partnership Units With Post Termination Pay Out Amount
NotionalValueOfLimitedPartnershipUnitsWithPostTerminationPayOutAmount
35100000
CY2013Q4 bgcp Derivative Asset After Master Netting Arrangement Or Similar Agreement
DerivativeAssetAfterMasterNettingArrangementOrSimilarAgreement
1634000
CY2013Q4 bgcp Derivative Liability After Master Netting Arrangement Or Similar Agreement
DerivativeLiabilityAfterMasterNettingArrangementOrSimilarAgreement
1851000
CY2013Q4 bgcp Derivative Assets Gross Amounts Offset In Balance Sheet
DerivativeAssetsGrossAmountsOffsetInBalanceSheet
261000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 Segment
bgcp Number Of Reportable Segments Before Acquisition
NumberOfReportableSegmentsBeforeAcquisition
1 Segment
CY2009Q4 bgcp Number Of Brokers Terminated
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81 Broker
CY2014Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
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6.59
CY2014Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
326293 shares
CY2014Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
6.40
CY2014Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1370106 shares
CY2014Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
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6.92
CY2014Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1187019 shares
CY2013 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
5900000 shares
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P2Y
CY2013 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
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P3Y2M12D
CY2013 us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
-9367000
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ProfitLoss
173755000
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OtherComprehensiveIncomeLossNetOfTax
-2191000
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AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4618000
CY2013 bgcp Charitable Contributions
CharitableContributions
25000000
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ReAllocationOfEquityDueToAdditionalInvestmentByFoundingWorkingPartners
-938000
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StockholdersEquityOther
-6196000
CY2013 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
89482000
CY2013 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
6009000
CY2013 us-gaap Dividends Common Stock
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91395000
CY2013 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
15528000
CY2013 bgcp Issuance Of Contingent Common Stock For Acquisitions
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1776000
CY2013 bgcp Grant Of Exchangeability And Redemption Of Limited Partnership Interests
GrantOfExchangeabilityAndRedemptionOfLimitedPartnershipInterests
293932000
CY2013 bgcp Redemption Of Founding Working Partner Units
RedemptionOfFoundingWorkingPartnerUnits
2050000
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EarningsPerShareDiluted
0.04
CY2013Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.12
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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317823000 shares
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2013Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
7517000
CY2013Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
577000 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
163225000 shares
CY2013Q1 us-gaap Number Of Reportable Segments
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2 Segment
CY2013Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.12
CY2013Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
47600000 shares
CY2013Q1 us-gaap Revenues
Revenues
444969000
CY2013Q1 us-gaap Increase Decrease In Brokerage Receivables
IncreaseDecreaseInBrokerageReceivables
895254000
CY2013Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
6263000
CY2013Q1 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
407000
CY2013Q1 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
1466000
CY2013Q1 us-gaap Interest Income Operating
InterestIncomeOperating
1548000
CY2013Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
9736000
CY2013Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
13697000
CY2013Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
19612000
CY2013Q1 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
13148000
CY2013Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
6998000
CY2013Q1 us-gaap Principal Transactions Revenue
PrincipalTransactionsRevenue
87997000
CY2013Q1 us-gaap Management Fees Revenue
ManagementFeesRevenue
39338000
CY2013Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
214000
CY2013Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
6000
CY2013Q1 us-gaap Technology Services Revenue
TechnologyServicesRevenue
2566000
CY2013Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
7570000
CY2013Q1 us-gaap Profit Loss
ProfitLoss
10602000
CY2013Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
7134000
CY2013Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
13546000
CY2013Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
6150000
CY2013Q1 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
23988000
CY2013Q1 us-gaap Payments For Software
PaymentsForSoftware
3909000
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
6998000
CY2013Q1 us-gaap Market Data Revenue
MarketDataRevenue
4125000
CY2013Q1 us-gaap Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
-2338000
CY2013Q1 us-gaap Interest Paid
InterestPaid
7012000
CY2013Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-866000
CY2013Q1 us-gaap Other Income
OtherIncome
831000
CY2013Q1 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-565000
CY2013Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-866000
CY2013Q1 us-gaap Revenues Excluding Interest And Dividends
RevenuesExcludingInterestAndDividends
443421000
CY2013Q1 us-gaap Brokerage Commissions Revenue
BrokerageCommissionsRevenue
298704000
CY2013Q1 us-gaap Increase Decrease In Due From Employee Current
IncreaseDecreaseInDueFromEmployeeCurrent
2446000
CY2013Q1 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
-373000
CY2013Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-3288000
CY2013Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6641000
CY2013Q1 us-gaap Increase Decrease In Financial Instruments Used In Operating Activities
IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities
156000
CY2013Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3604000
CY2013Q1 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
12006000
CY2013Q1 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
2843000
CY2013Q1 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
0
CY2013Q1 us-gaap Noninterest Expense
NoninterestExpense
421572000
CY2013Q1 us-gaap Other Expenses
OtherExpenses
17304000
CY2013Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1207000
CY2013Q1 us-gaap Floor Brokerage Exchange And Clearance Fees
FloorBrokerageExchangeAndClearanceFees
5771000
CY2013Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-145000
CY2013Q1 us-gaap Communication
Communication
24341000
CY2013Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-44850000
CY2013Q1 us-gaap Increase Decrease In Payables To Broker Dealers
IncreaseDecreaseInPayablesToBrokerDealers
858278000
CY2013Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-6654000
CY2013Q1 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
872000
CY2013Q1 us-gaap Cost Of Services Direct Labor
CostOfServicesDirectLabor
278808000
CY2013Q1 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
53294000
CY2013Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-49995000
CY2013Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-11551000
CY2013Q1 us-gaap Interest Expense
InterestExpense
9700000
CY2013Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
3239000
CY2013Q1 us-gaap Distribution Made To Limited Partner Cash Distributions Declared
DistributionMadeToLimitedPartnerCashDistributionsDeclared
7400000
CY2013Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
413000
CY2013Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
12569000
CY2013Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
3473000
CY2013Q1 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
20315000
CY2013Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
900000
CY2013Q1 us-gaap Occupancy Net
OccupancyNet
39227000
CY2013Q1 us-gaap Professional Fees
ProfessionalFees
14941000
CY2013Q1 us-gaap Depreciation
Depreciation
9000000
CY2013Q1 us-gaap Partners Capital Account Redemptions
PartnersCapitalAccountRedemptions
2609000
CY2013Q1 us-gaap Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
9334000
CY2013Q1 us-gaap Operating Expenses
OperatingExpenses
431272000
CY2013Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3095000
CY2013Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-1111000
CY2013Q1 bgcp Issuance Of Common Stock Upon Exchange Of Limited Partnership Interests
IssuanceOfCommonStockUponExchangeOfLimitedPartnershipInterests
23747000
CY2013Q1 bgcp Allocation Of Income To Limited Partnership Interest Diluted
AllocationOfIncomeToLimitedPartnershipInterestDiluted
6545000
CY2013Q1 bgcp Capitalization Of Patent Defense And Registration Costs
CapitalizationOfPatentDefenseAndRegistrationCosts
-380000
CY2013Q1 bgcp Dividend Equivalent Expense On Rsus
DividendEquivalentExpenseOnRsus
3000
CY2013Q1 bgcp Incremental Common Shares Attributable To Other Instruments
IncrementalCommonSharesAttributableToOtherInstruments
704000 shares
CY2013Q1 bgcp Redemption Of Founding Working Partner Interests
RedemptionOfFoundingWorkingPartnerInterests
1951000
CY2013Q1 bgcp Incremental Common Shares Attributable To Limited Partnership Interests
IncrementalCommonSharesAttributableToLimitedPartnershipInterests
153317000 shares
CY2013Q1 bgcp Temporary Equity Earnings Distributions
TemporaryEquityEarningsDistributions
14000
CY2013Q1 bgcp Compensation And Employee Benefit Net
CompensationAndEmployeeBenefitNet
296830000
CY2013Q1 bgcp Limited Partnership Units Average Redemption Price Per Unit
LimitedPartnershipUnitsAverageRedemptionPricePerUnit
4.25
CY2013Q1 bgcp Allocation Of Income To Limited Partnership Interest
AllocationOfIncomeToLimitedPartnershipInterest
10957000
CY2013Q1 bgcp Real Estate Brokerage Revenue
RealEstateBrokerageRevenue
73249000
CY2013Q1 bgcp Reallocation Of Equity Due To Additional Investments By Founding And Working Partners
ReallocationOfEquityDueToAdditionalInvestmentsByFoundingAndWorkingPartners
938000
CY2013Q1 bgcp Collection Of Receivables And Associated Expenses
CollectionOfReceivablesAndAssociatedExpenses
5400000
CY2013Q1 bgcp Equities And Other Brokerage Revenue
EquitiesAndOtherBrokerageRevenue
39970000
CY2013Q1 bgcp Grant Of Exchangeability And Redemption Limited Partnership Interest
GrantOfExchangeabilityAndRedemptionLimitedPartnershipInterest
387000
CY2013Q1 bgcp Credit Revenue
CreditRevenue
69142000
CY2013Q1 bgcp Rates Revenue
RatesRevenue
144992000
CY2013Q1 bgcp Foreign Exchange Brokerage Revenue
ForeignExchangeBrokerageRevenue
59348000
CY2013Q1 bgcp Earnings Distributions To Noncontrolling Interests
EarningsDistributionsToNoncontrollingInterests
19718000
CY2013Q1 bgcp Employee Loan Amortization And Reserve On Employee Loans
EmployeeLoanAmortizationAndReserveOnEmployeeLoans
9459000
CY2013Q1 bgcp Allocation Of Net Income And Grant Of Exchangeability To Limited Partnership Units And Founding Working Partner Units
AllocationOfNetIncomeAndGrantOfExchangeabilityToLimitedPartnershipUnitsAndFoundingWorkingPartnerUnits
18022000
CY2013Q1 bgcp Equity Based Compensation And Allocations Of Net Income To Limited Partnership Units And Founding Or Working Partner Units
EquityBasedCompensationAndAllocationsOfNetIncomeToLimitedPartnershipUnitsAndFoundingOrWorkingPartnerUnits
22555000
CY2014Q1 dei Trading Symbol
TradingSymbol
BGCP
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
BGC PARTNERS, INC.
CY2014Q1 dei Amendment Flag
AmendmentFlag
false
CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014Q1 dei Document Type
DocumentType
10-Q
CY2014Q1 dei Document Period End Date
DocumentPeriodEndDate
2014-03-31
CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001094831
CY2014Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P1Y9M18D
CY2014Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
22.29
CY2014Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2014Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.12
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
322074000 shares
CY2014Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2014Q1 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
3600000 shares
CY2014Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
CY2014Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
64000
CY2014Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
925000 shares
CY2014Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
220608000 shares
CY2014Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 Segment
CY2014Q1 us-gaap Due To And From Broker Dealers And Clearing Organizations Disclosure
DueToAndFromBrokerDealersAndClearingOrganizationsDisclosure
<div> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="4%" align="left"><b>9.</b></td> <td valign="top" align="left"><b>Receivables from and Payables to Broker-Dealers, Clearing Organizations, Customers and Related Broker-Dealers</b></td> </tr> </table> <!-- xbrl,body --> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> Receivables from and payables to broker-dealers, clearing organizations, customers and related broker-dealers primarily represent amounts due for undelivered securities, cash held at clearing organizations and exchanges to facilitate settlement and clearance of matched principal transactions, spreads on matched principal transactions that have not yet been remitted from/to clearing organizations and exchanges and amounts related to open derivative contracts, including derivative contracts into which the Company has entered to minimize the effect of price changes of the Company&#x2019;s NASDAQ OMX shares (see Note 10&#x2014;&#x201C;Derivatives&#x201D;). The receivables from and payables to broker-dealers, clearing organizations, customers and related broker-dealers consisted of the following (in thousands):</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="76%" align="center" border="0"><!-- Begin Table Head --> <tr> <td width="74%"></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>March&#xA0;31,<br /> 2014</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>December&#xA0;31,<br /> 2013</b></td> <td valign="bottom">&#xA0;</td> </tr> <!-- End Table Head --><!-- Begin Table Body --> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; TEXT-INDENT: -1em"> Receivables from broker-dealers, clearing organizations, customers and related broker-dealers:</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; TEXT-INDENT: -1em"> Contract values of fails to deliver</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,189,004</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">258,569</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; TEXT-INDENT: -1em"> Customer receivables</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">126,485</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">28,860</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; TEXT-INDENT: -1em"> Cash and cash equivalents held at clearing organizations</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">52,836</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">46,684</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; TEXT-INDENT: -1em"> Other receivables from broker-dealers and customers</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">10,468</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">12,204</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; TEXT-INDENT: -1em"> Net pending trades</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">4,595</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">1,964</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; TEXT-INDENT: -1em"> Open derivative contracts</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">596</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">1,634</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; TEXT-INDENT: -1em"> Total</p> </td> <td valign="bottom"><font style="FONT-SIZE: 8pt">&#xA0;&#xA0;</font></td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,383,984</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom"><font style="FONT-SIZE: 8pt">&#xA0;&#xA0;</font></td> <td valign="bottom">$</td> <td valign="bottom" align="right">349,915</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 3px double">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 3px double">&#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; TEXT-INDENT: -1em"> Payables to broker-dealers, clearing organizations, customers and related broker-dealers:</p> </td> <td valign="bottom"><font style="FONT-SIZE: 8pt">&#xA0;&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"><font style="FONT-SIZE: 8pt">&#xA0;&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; TEXT-INDENT: -1em"> Contract values of fails to receive</p> </td> <td valign="bottom"><font style="FONT-SIZE: 8pt">&#xA0;&#xA0;</font></td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,195,791</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom"><font style="FONT-SIZE: 8pt">&#xA0;&#xA0;</font></td> <td valign="bottom">$</td> <td valign="bottom" align="right">203,206</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; TEXT-INDENT: -1em"> Customer payables</p> </td> <td valign="bottom"><font style="FONT-SIZE: 8pt">&#xA0;&#xA0;</font></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">88,142</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom"><font style="FONT-SIZE: 8pt">&#xA0;&#xA0;</font></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">22,889</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; TEXT-INDENT: -1em"> Payables to clearing organizations</p> </td> <td valign="bottom"><font style="FONT-SIZE: 8pt">&#xA0;&#xA0;</font></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">7,646</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom"><font style="FONT-SIZE: 8pt">&#xA0;&#xA0;</font></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">62,976</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; TEXT-INDENT: -1em"> Other payables to broker-dealers and customers</p> </td> <td valign="bottom"><font style="FONT-SIZE: 8pt">&#xA0;&#xA0;</font></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">43,246</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom"><font style="FONT-SIZE: 8pt">&#xA0;&#xA0;</font></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">12,627</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; TEXT-INDENT: -1em"> Open derivative contracts</p> </td> <td valign="bottom"><font style="FONT-SIZE: 8pt">&#xA0;&#xA0;</font></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">677</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom"><font style="FONT-SIZE: 8pt">&#xA0;&#xA0;</font></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">1,851</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; TEXT-INDENT: -1em"> Total</p> </td> <td valign="bottom"><font style="FONT-SIZE: 8pt">&#xA0;&#xA0;</font></td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,335,502</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom"><font style="FONT-SIZE: 8pt">&#xA0;&#xA0;</font></td> <td valign="bottom">$</td> <td valign="bottom" align="right">303,549</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 3px double">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 3px double">&#xA0;</p> </td> <td>&#xA0;</td> </tr> <!-- End Table Body --></table> <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 12px"> &#xA0;</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt; TEXT-INDENT: 4%"> A portion of these receivables and payables are with Cantor. See Note 12&#x2014;&#x201C;Related Party Transactions,&#x201D; for additional information related to these receivables and payables.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> Substantially all open fails to deliver, open fails to receive and pending trade transactions as of March&#xA0;31, 2014 have subsequently settled at the contracted amounts.</p> </div>
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124000
CY2014Q1 bgcp Issuance Of Common Stock Upon Exchange Of Limited Partnership Interests
IssuanceOfCommonStockUponExchangeOfLimitedPartnershipInterests
22123000
CY2014Q1 bgcp Senior Notes Redemption Price Percentage
SeniorNotesRedemptionPricePercentage
1.00 pure
CY2014Q1 bgcp Allocation Of Income To Limited Partnership Interest Diluted
AllocationOfIncomeToLimitedPartnershipInterestDiluted
3548000
CY2014Q1 bgcp Capitalization Of Patent Defense And Registration Costs
CapitalizationOfPatentDefenseAndRegistrationCosts
-123000
CY2014Q1 bgcp Dividend Equivalent Expense On Rsus
DividendEquivalentExpenseOnRsus
2000
CY2014Q1 bgcp Redemptions And Repurchases
RedemptionsAndRepurchases
5253099 shares
CY2014Q1 bgcp Incremental Common Shares Attributable To Other Instruments
IncrementalCommonSharesAttributableToOtherInstruments
505000 shares
CY2014Q1 bgcp Redemption Of Founding Working Partner Interests
RedemptionOfFoundingWorkingPartnerInterests
366000
CY2014Q1 bgcp Incremental Common Shares Attributable To Limited Partnership Interests
IncrementalCommonSharesAttributableToLimitedPartnershipInterests
100036000 shares
CY2014Q1 bgcp Number Of Subsidiaries
NumberOfSubsidiaries
2 Subsidiaries
CY2014Q1 bgcp Restricted Stock Units Vesting Description
RestrictedStockUnitsVestingDescription
Each RSU is settled in one share of Class A common stock upon completion of the vesting period.
CY2014Q1 bgcp Temporary Equity Earnings Distributions
TemporaryEquityEarningsDistributions
121000
CY2014Q1 bgcp Grant Of Exchangeability And Redemption Of Limited Partnership Interests
GrantOfExchangeabilityAndRedemptionOfLimitedPartnershipInterests
22528000
CY2014Q1 bgcp Sublease Provision Adjustment
SubleaseProvisionAdjustment
-1455000
CY2014Q1 bgcp Compensation And Employee Benefit Net
CompensationAndEmployeeBenefitNet
306622000
CY2014Q1 bgcp Limited Partnership Units Average Redemption Price Per Unit
LimitedPartnershipUnitsAverageRedemptionPricePerUnit
6.33
CY2014Q1 bgcp Allocation Of Income To Limited Partnership Interest
AllocationOfIncomeToLimitedPartnershipInterest
3871000
CY2014Q1 bgcp Real Estate Brokerage Revenue
RealEstateBrokerageRevenue
109170000
CY2014Q1 bgcp Collection Of Receivables And Associated Expenses
CollectionOfReceivablesAndAssociatedExpenses
700000
CY2014Q1 bgcp Equities And Other Brokerage Revenue
EquitiesAndOtherBrokerageRevenue
42751000
CY2014Q1 bgcp Grant Of Exchangeability And Redemption Limited Partnership Interest
GrantOfExchangeabilityAndRedemptionLimitedPartnershipInterest
134000
CY2014Q1 bgcp Payment Specified Percentage Of Gross Proceeds From Sale Of Shares
PaymentSpecifiedPercentageOfGrossProceedsFromSaleOfShares
0.02 pure
CY2014Q1 bgcp Post Termination Award Payout Period
PostTerminationAwardPayoutPeriod
4 equal yearly installment
CY2014Q1 bgcp Credit Revenue
CreditRevenue
65446000
CY2014Q1 bgcp Redemptions And Repurchases Average Price
RedemptionsAndRepurchasesAveragePrice
6.51
CY2014Q1 bgcp Rates Revenue
RatesRevenue
113672000
CY2014Q1 bgcp Number Of Operating Partnerships
NumberOfOperatingPartnerships
2 PartnershipUnit
CY2014Q1 bgcp Foreign Exchange Brokerage Revenue
ForeignExchangeBrokerageRevenue
52066000
CY2014Q1 bgcp Earnings Distributions To Noncontrolling Interests
EarningsDistributionsToNoncontrollingInterests
12151000
CY2014Q1 bgcp Percentage Of Non Exchangeable Units Redeemed
PercentageOfNonExchangeableUnitsRedeemed
0.0975 pure
CY2014Q1 bgcp Redemption Of Founding Working Partner Units
RedemptionOfFoundingWorkingPartnerUnits
530000
CY2014Q1 bgcp Employee Loan Amortization And Reserve On Employee Loans
EmployeeLoanAmortizationAndReserveOnEmployeeLoans
7090000
CY2014Q1 bgcp Payments To Repurchase Of Limited Partnership Units
PaymentsToRepurchaseOfLimitedPartnershipUnits
897000
CY2014Q1 bgcp Limited Partnership Units Received By Related Parties Shares
LimitedPartnershipUnitsReceivedByRelatedPartiesShares
283206 shares
CY2014Q1 bgcp Allocation Of Net Income And Grant Of Exchangeability To Limited Partnership Units And Founding Working Partner Units
AllocationOfNetIncomeAndGrantOfExchangeabilityToLimitedPartnershipUnitsAndFoundingWorkingPartnerUnits
31323000
CY2014Q1 bgcp Percentage Of Preferred Partnership Units Awarded
PercentageOfPreferredPartnershipUnitsAwarded
0.006875 pure
CY2014Q1 bgcp Equity Based Compensation And Allocations Of Net Income To Limited Partnership Units And Founding Or Working Partner Units
EquityBasedCompensationAndAllocationsOfNetIncomeToLimitedPartnershipUnitsAndFoundingOrWorkingPartnerUnits
34314000
CY2012Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 Segment
CY2013Q3 bgcp Issuance Of Class A Common Stock Upon Exchange Of Non Exchangeable Limited Partnership Units
IssuanceOfClassACommonStockUponExchangeOfNonExchangeableLimitedPartnershipUnits
1802608 shares

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