2014 Q4 Form 10-K Financial Statement

#000119312516484938 Filed on February 29, 2016

View on sec.gov

Income Statement

Concept 2014 Q4 2013 Q4 2013
Revenue $493.5M $426.6M $1.745B
YoY Change 15.68% -12.19% 1.08%
Cost Of Revenue $6.000M $2.300M $9.400M
YoY Change 160.87% 0.0% -20.34%
Gross Profit $487.5M $426.6M $1.775B
YoY Change 14.28% -11.79% 0.45%
Gross Profit Margin 98.78% 100.0% 101.72%
Selling, General & Admin $453.1M $399.9M $2.080B
YoY Change 13.3% -6.59% 29.99%
% of Gross Profit 92.94% 93.74% 117.19%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.30M $11.70M $47.15M
YoY Change 13.68% -7.87% -7.52%
% of Gross Profit 2.73% 2.74% 2.66%
Operating Expenses $547.3M $413.5M $2.232B
YoY Change 32.36% -6.26% 30.44%
Operating Profit -$59.80M $13.10M -$457.2M
YoY Change -556.49% -69.18% -920.12%
Interest Expense -$12.80M -$11.80M $38.33M
YoY Change 8.47% -13.87% 9.88%
% of Operating Profit -90.08%
Other Income/Expense, Net $2.900M $753.1M
YoY Change 1750.56%
Pretax Income -$69.90M $1.300M $265.9M
YoY Change -5476.92% -95.49% 377.1%
Income Tax -$22.50M -$300.0K $92.17M
% Of Pretax Income -23.08% 34.66%
Net Earnings -$25.90M $4.100M $70.92M
YoY Change -731.71% -71.13% 197.2%
Net Earnings / Revenue -5.25% 0.96% 4.06%
Basic Earnings Per Share $0.37
Diluted Earnings Per Share -$117.2K $18.64K $0.36
COMMON SHARES
Basic Shares Outstanding 193.7M shares
Diluted Shares Outstanding 265.3M shares

Balance Sheet

Concept 2014 Q4 2013 Q4 2013
SHORT-TERM ASSETS
Cash & Short-Term Investments $855.5M $762.0M $716.9M
YoY Change 12.27% 96.18% 84.58%
Cash & Equivalents $710.8M $717.0M $716.9M
Short-Term Investments $144.7M $45.00M
Other Short-Term Assets $28.20M $21.70M $21.70M
YoY Change 29.95% -17.49%
Inventory
Prepaid Expenses
Receivables $941.7M $631.0M $631.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.618B $1.370B $1.370B
YoY Change 18.15% 47.27% 43.22%
LONG-TERM ASSETS
Property, Plant & Equipment $112.0M $127.6M $127.6M
YoY Change -12.22% -9.56% -9.57%
Goodwill $392.6M $163.3M
YoY Change 140.34% -0.93%
Intangibles $27.98M $18.18M
YoY Change 53.91% -10.53%
Long-Term Investments $17.39M $17.70M $62.70M
YoY Change -1.76% -30.73% 144.92%
Other Assets $142.9M $106.0M $106.0M
YoY Change 34.81% 250.99%
Total Long-Term Assets $1.133B $709.8M $709.8M
YoY Change 59.62% 0.12% 3.98%
TOTAL ASSETS
Total Short-Term Assets $1.618B $1.370B $1.370B
Total Long-Term Assets $1.133B $709.8M $709.8M
Total Assets $2.751B $2.079B $2.079B
YoY Change 32.31% 26.87% 26.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $669.5M $318.9M $318.9M
YoY Change 109.94% 8.1% 8.1%
Accrued Expenses $231.7M $187.9M $187.9M
YoY Change 23.31% 49.36% -38.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $733.5M $506.8M $506.8M
YoY Change 44.73% 20.44% -25.61%
LONG-TERM LIABILITIES
Long-Term Debt $706.7M $408.4M $408.4M
YoY Change 73.04% -9.53% -9.53%
Other Long-Term Liabilities $0.00 $2.000M $2.000M
YoY Change -100.0%
Total Long-Term Liabilities $706.7M $410.4M $410.4M
YoY Change 72.2% -9.08% -9.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $733.5M $506.8M $506.8M
Total Long-Term Liabilities $706.7M $410.4M $410.4M
Total Liabilities $2.110B $1.310B $1.615B
YoY Change 61.08% 15.63% 31.75%
SHAREHOLDERS EQUITY
Retained Earnings -$268.9M -$167.9M
YoY Change 60.14% 13.88%
Common Stock $817.2M $745.7M
YoY Change 9.59% 29.6%
Preferred Stock
YoY Change
Treasury Stock (at cost) $201.0M $121.8M
YoY Change 65.05% 10.59%
Treasury Stock Shares 21.09M shares
Shareholders Equity $401.5M $464.4M $464.4M
YoY Change
Total Liabilities & Shareholders Equity $2.751B $2.079B $2.079B
YoY Change 32.31% 26.87% 26.88%

Cashflow Statement

Concept 2014 Q4 2013 Q4 2013
OPERATING ACTIVITIES
Net Income -$25.90M $4.100M $70.92M
YoY Change -731.71% -71.13% 197.2%
Depreciation, Depletion And Amortization $13.30M $11.70M $47.15M
YoY Change 13.68% -7.87% -7.52%
Cash From Operating Activities $86.00M $63.80M $166.4M
YoY Change 34.8% -15.5% -2.82%
INVESTING ACTIVITIES
Capital Expenditures -$7.400M -$13.20M $22.99M
YoY Change -43.94% 10.92% -37.46%
Acquisitions $746.0K
YoY Change -97.63%
Other Investing Activities -$45.70M -$3.200M $565.7M
YoY Change 1328.13% -106.75% -3507.83%
Cash From Investing Activities -$53.10M -$16.30M $526.8M
YoY Change 225.77% -145.92% -874.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $15.53M
YoY Change -225.94%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 207.9M -88.40M -363.3M
YoY Change -335.18% 140.87% 327.42%
NET CHANGE
Cash From Operating Activities 86.00M 63.80M 166.4M
Cash From Investing Activities -53.10M -16.30M 526.8M
Cash From Financing Activities 207.9M -88.40M -363.3M
Net Change In Cash 240.8M -40.90M 329.8M
YoY Change -688.75% -155.05% 1711.06%
FREE CASH FLOW
Cash From Operating Activities $86.00M $63.80M $166.4M
Capital Expenditures -$7.400M -$13.20M $22.99M
Free Cash Flow $93.40M $77.00M $143.4M
YoY Change 21.3% -11.9% 6.65%

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10386000
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25350000
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3819000
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DividendEquivalentExpenseOnRsus
2000
CY2014 bgcp Equities And Other Brokerage Revenue
EquitiesAndOtherBrokerageRevenue
120504000
CY2014 bgcp Exchange Of Founding Working Partner Interests
ExchangeOfFoundingWorkingPartnerInterests
917000
CY2014 bgcp Market Data And Software Solutions Revenue
MarketDataAndSoftwareSolutionsRevenue
9477000
CY2014 bgcp Sublease Provision Adjustment
SubleaseProvisionAdjustment
-31000
CY2014 bgcp Deferred Unincorporated Business Tax
DeferredUnincorporatedBusinessTax
-2525000
CY2014 bgcp Allocation Of Net Income And Grant Of Exchangeability To Limited Partnership Units And Founding Working Partner Units
AllocationOfNetIncomeAndGrantOfExchangeabilityToLimitedPartnershipUnitsAndFoundingWorkingPartnerUnits
136633000
CY2014 bgcp Rates Revenue
RatesRevenue
401602000
CY2014 bgcp Limited Partnership Units Average Redemption Price Per Unit
LimitedPartnershipUnitsAverageRedemptionPricePerUnit
7.28
CY2014 bgcp Income Tax Reconciliation Unincorporated Business Taxes
IncomeTaxReconciliationUnincorporatedBusinessTaxes
-378000
CY2014 bgcp Business Acquisition Contingent Considerations Shares Issuable
BusinessAcquisitionContingentConsiderationsSharesIssuable
2000000 shares
CY2014 bgcp Employee Loan Amortization And Reserve On Employee Loans
EmployeeLoanAmortizationAndReserveOnEmployeeLoans
25708000
CY2014 bgcp Capitalization Of Patent Defense And Registration Costs
CapitalizationOfPatentDefenseAndRegistrationCosts
578000
CY2014 bgcp Current Unincorporated Business Tax
CurrentUnincorporatedBusinessTax
1944000
CY2014 bgcp Compensation And Employee Benefit Net
CompensationAndEmployeeBenefitNet
1257708000
CY2014 bgcp Issuance Of Common Stock Upon Exchange Of Limited Partnership Interests
IssuanceOfCommonStockUponExchangeOfLimitedPartnershipInterests
87212000
CY2014 bgcp Noncontrolling Interest Increase Decrease From Business Combination
NoncontrollingInterestIncreaseDecreaseFromBusinessCombination
-403000
CY2014 bgcp Redemption Of Founding Working Partner Interests
RedemptionOfFoundingWorkingPartnerInterests
8995000
CY2014 bgcp Incremental Common Shares Attributable To Limited Partnership Interests
IncrementalCommonSharesAttributableToLimitedPartnershipInterests
106047000 shares
CY2014 bgcp Real Estate Brokerage Revenue
RealEstateBrokerageRevenue
125170000
CY2014 bgcp Equity Method Investment Summarized Financial Information Expenses
EquityMethodInvestmentSummarizedFinancialInformationExpenses
68973000
CY2014 bgcp Equity Based Compensation And Allocations Of Net Income To Limited Partnership Units And Founding Or Working Partner Units
EquityBasedCompensationAndAllocationsOfNetIncomeToLimitedPartnershipUnitsAndFoundingOrWorkingPartnerUnits
150125000
CY2014 bgcp Temporary Equity Earnings Distributions
TemporaryEquityEarningsDistributions
2968000
CY2014 bgcp Repurchase Of Common Stock Amount
RepurchaseOfCommonStockAmount
-100268000
CY2014 bgcp Stock Released During Period Restricted Shares
StockReleasedDuringPeriodRestrictedShares
11800000 shares
CY2014 bgcp Forfeitures Of Common Stock
ForfeituresOfCommonStock
2452000
CY2014 bgcp Issuance Of Class Common Stock And Limited Partnership Interests For Acquisitions
IssuanceOfClassCommonStockAndLimitedPartnershipInterestsForAcquisitions
57907000
CY2015 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.50
CY2015 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
212864000
CY2015 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1416991 shares
CY2015 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 Segments
CY2015 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
8.55
CY2015 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
23034000 shares
CY2015 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.54
CY2015 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
CY2015 dei Amendment Flag
AmendmentFlag
false
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
11000 shares
CY2015 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P13Y8M12D
CY2015 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
65400000 shares
CY2015 dei Document Type
DocumentType
10-K
CY2015 dei Entity Central Index Key
EntityCentralIndexKey
0001094831
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y4M24D
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P1Y4M24D
CY2015 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
9.03
CY2015 us-gaap Revenue Recognition Services Management Fees
RevenueRecognitionServicesManagementFees
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4%; MARGIN-TOP: 18pt"> <b><i>Real Estate Management Services:</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 8%"> Real estate management services revenues include property management, facilities management and project management. Management fees are recognized at the time the related services have been performed, unless future contingencies exist. In addition, in regard to management and facility service contracts, the owner of the property will typically reimburse the Company for certain expenses that are incurred on behalf of the owner, which are comprised primarily of on-site employee salaries and related benefit costs. The amounts which are to be reimbursed per the terms of the services contract are recognized as revenue in the same period as the related expenses are incurred. In certain instances, the Company subcontracts property management services to independent property managers, in which case the Company passes a portion of their property management fee on to the subcontractor, and the Company retains the balance. Accordingly, the Company records these fees net of the amounts paid to subcontractors.</p> </div>
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2015 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.54
CY2015 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2015 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2015 dei Entity Registrant Name
EntityRegistrantName
BGC PARTNERS, INC.
CY2015 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
335387000 shares
CY2015 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
741000 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2015 us-gaap Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
270000 shares
CY2015 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
243460000 shares
CY2015 us-gaap Revenue Recognition Software
RevenueRecognitionSoftware
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4%; MARGIN-TOP: 18pt"> <b><i>Software Solutions and Licensing Fees:</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 8%"> Through the Company&#x2019;s software solutions business, the Company receives fees for providing customized software to broaden distribution capabilities and provide electronic solutions to financial market participants. Such fees are recognized as income ratably over the license period.</p> </div>
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
8.09
CY2015 dei Document Period End Date
DocumentPeriodEndDate
2015-12-31
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> <b>Use of Estimates:</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 8%"> The preparation of the Company&#x2019;s consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of the assets and liabilities, revenues and expenses, and the disclosure of contingent assets and liabilities in these consolidated financial statements. Management believes that the estimates utilized in preparing these consolidated financial statements are reasonable. Estimates, by their nature, are based on judgment and available information. Actual results could differ materially from the estimates included in the Company&#x2019;s consolidated financial statements. Certain reclassifications have been made to previously reported amounts to conform to the current presentation.</p> </div>
CY2015 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
94000 shares
CY2015 us-gaap Partners Capital Account Units Acquisitions
PartnersCapitalAccountUnitsAcquisitions
1800000 shares
CY2015 dei Trading Symbol
TradingSymbol
BGCP
CY2015 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.52
CY2015 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="8%" align="left"><b>11.</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> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 8%"> 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 may enter to minimize the effect of price changes of the Company&#x2019;s NASDAQ shares (see Note 12&#x2014;&#x201C;Derivatives&#x201D;). As of December&#xA0;31, 2015 and December&#xA0;31, 2014, 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"> <tr> <td width="72%"></td> <td valign="bottom" width="7%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="7%"></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>December&#xA0;31,</b><br /> <b>2015</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,</b><br /> <b>2014</b></td> <td valign="bottom">&#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"> 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">$</td> <td valign="bottom" align="right">692,530</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">559,142</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"> Receivables from clearing organizations</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">92,915</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">60,300</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"> 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">18,252</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">16,927</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"> Net pending trades</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">6,544</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">884</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">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">1,999</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">3,508</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">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">812,240</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">640,761</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"> <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">&#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" bgcolor="#CCEEFF"> <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">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">660,365</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">552,790</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">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">30,037</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">79,848</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">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">23,287</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">13,378</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">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">1,134</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">153</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">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">714,823</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">646,169</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> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 8%"> A portion of these receivables and payables are with Cantor. See Note 14&#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: 8%"> Substantially all open fails to deliver, open fails to receive and pending trade transactions as of December&#xA0;31, 2015 have subsequently settled at the contracted amounts.</p> </div>
CY2015 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 Segment
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P1Y4M24D
CY2015 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
25348000
CY2015 us-gaap Interest Income Operating
InterestIncomeOperating
10643000
CY2015 us-gaap Payments For Software
PaymentsForSoftware
18496000
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
37626000
CY2015 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
35994000
CY2015 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-27550000
CY2015 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
11630000
CY2015 us-gaap Other Income
OtherIncome
9957000
CY2015 us-gaap Net Income Loss
NetIncomeLoss
126788000
CY2015 us-gaap Increase Decrease In Brokerage Receivables
IncreaseDecreaseInBrokerageReceivables
-538881000
CY2015 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
123168000
CY2015 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
170000000
CY2015 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
615000
CY2015 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
27103000
CY2015 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
266700000
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-33235000
CY2015 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
126788000
CY2015 us-gaap Interest On Convertible Debt Net Of Tax
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413000
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UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
1600000
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22249000
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28300000
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LeaseAndRentalExpense
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MarketingAndAdvertisingExpense
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117890000
CY2015 us-gaap Proceeds From Stock Options Exercised
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701000
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StockOptionPlanExpense
0
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CY2015 us-gaap Occupancy Net
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211717000
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CurrentIncomeTaxExpenseBenefit
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IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
136085000
CY2015 us-gaap Increase Decrease In Payables To Broker Dealers
IncreaseDecreaseInPayablesToBrokerDealers
-577136000
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CostOfServicesDirectLabor
1694956000
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MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
70538000
CY2015 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
100000000
CY2015 us-gaap Professional Fees
ProfessionalFees
62768000
CY2015 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
27200000
CY2015 us-gaap Communication
Communication
119181000
CY2015 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0
CY2015 us-gaap Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
-100660000
CY2015 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
23189000
CY2015 us-gaap Noninterest Expense
NoninterestExpense
2636642000
CY2015 us-gaap Asset Impairment Charges
AssetImpairmentCharges
19127000
CY2015 us-gaap Stockholders Equity Other
StockholdersEquityOther
-1806000
CY2015 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
1701000
CY2015 us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
6573000
CY2015 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
81997000
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UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
7797000
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AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
298921000
CY2015 us-gaap Dividends Common Stock
DividendsCommonStock
131360000
CY2015 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
141530000
CY2015 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
581518000
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GoodwillImpairmentLoss
121600000
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IncomeTaxReconciliationStateAndLocalIncomeTaxes
-3993000
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OtherOperatingActivitiesCashFlowStatement
-5491000
CY2015 bgcp Allocation Of Income To Limited Partnership Interest Diluted
AllocationOfIncomeToLimitedPartnershipInterestDiluted
33675000
CY2015 bgcp Recognition Of Earnout And Related Hedges
RecognitionOfEarnoutAndRelatedHedges
52917000
CY2015 bgcp Purchase Of Units Upon Redemption Of Founding Working Partners Units
PurchaseOfUnitsUponRedemptionOfFoundingWorkingPartnersUnits
6573000
CY2015 bgcp Income Tax Reconciliation Uncertain Tax Positions
IncomeTaxReconciliationUncertainTaxPositions
6425000
CY2015 bgcp Issuance Of Contingent Common Stock And Limited Partnership Units For Acquisitions
IssuanceOfContingentCommonStockAndLimitedPartnershipUnitsForAcquisitions
39090000
CY2015 bgcp Limited Partnership Units Exchange Ratio
LimitedPartnershipUnitsExchangeRatio
1 pure
CY2015 bgcp Cash And Cash Equivalents Maturity Date Description
CashAndCashEquivalentsMaturityDateDescription
The Company considers all highly liquid investments with original maturities of 90 days or less at the date of acquisition that are not segregated under regulatory requirements, other than those used for trading purposes, to be cash equivalents.
CY2015 bgcp Re Allocation Of Equity Due To Additional Investment By Founding Working Partners
ReAllocationOfEquityDueToAdditionalInvestmentByFoundingWorkingPartners
80000
CY2015 bgcp Credit Revenue
CreditRevenue
273287000
CY2015 bgcp Limited Partnership Units Received By Related Parties Shares
LimitedPartnershipUnitsReceivedByRelatedPartiesShares
283206 shares
CY2015 bgcp Limited Partnership Interests Exchange Ratio
LimitedPartnershipInterestsExchangeRatio
1 pure
CY2015 bgcp Restricted Stock Saleable Period Description To Partners
RestrictedStockSaleablePeriodDescriptionToPartners
Shares of restricted stock are generally saleable by partners in five to ten years.
CY2015 bgcp Incremental Common Shares Attributable To Other Instruments
IncrementalCommonSharesAttributableToOtherInstruments
2570000 shares
CY2015 bgcp Redemptions And Repurchases Average Price
RedemptionsAndRepurchasesAveragePrice
8.81
CY2015 bgcp Foreign Exchange Brokerage Revenue
ForeignExchangeBrokerageRevenue
310643000
CY2015 bgcp Gain Loss On Divestiture And Or Sale Of Investment
GainLossOnDivestitureAndOrSaleOfInvestment
394347000
CY2015 bgcp Average Redemption Price Per Unit
AverageRedemptionPricePerUnit
8.85
CY2015 bgcp Number Of Units Redeemed
NumberOfUnitsRedeemed
7578715 shares
CY2015 bgcp Operating Loss Carryforwards Expiration Year Description
OperatingLossCarryforwardsExpirationYearDescription
The Company has net operating losses in U.S. federal, U.S. state and local, and non-U.S. jurisdictions that will begin to expire in 2025, 2028 and 2017, respectively.
CY2015 bgcp Percentage Of Preferred Partnership Units Awarded
PercentageOfPreferredPartnershipUnitsAwarded
0.027500 pure
CY2015 bgcp Equities And Other Brokerage Revenue
EquitiesAndOtherBrokerageRevenue
187654000
CY2015 bgcp Exchange Of Founding Working Partner Interests
ExchangeOfFoundingWorkingPartnerInterests
1933000
CY2015 bgcp Market Data And Software Solutions Revenue
MarketDataAndSoftwareSolutionsRevenue
95101000
CY2015 bgcp Sublease Provision Adjustment
SubleaseProvisionAdjustment
-2019000
CY2015 bgcp Deferred Unincorporated Business Tax
DeferredUnincorporatedBusinessTax
-1955000
CY2015 bgcp Allocation Of Net Income And Grant Of Exchangeability To Limited Partnership Units And Founding Working Partner Units
AllocationOfNetIncomeAndGrantOfExchangeabilityToLimitedPartnershipUnitsAndFoundingWorkingPartnerUnits
259639000
CY2015 bgcp Rates Revenue
RatesRevenue
468536000
CY2015 bgcp Limited Partnership Units Average Redemption Price Per Unit
LimitedPartnershipUnitsAverageRedemptionPricePerUnit
8.86
CY2015 bgcp Payment Specified Percentage Of Gross Proceeds From Sale Of Shares
PaymentSpecifiedPercentageOfGrossProceedsFromSaleOfShares
0.02 pure
CY2015 bgcp Income Tax Reconciliation Unincorporated Business Taxes
IncomeTaxReconciliationUnincorporatedBusinessTaxes
-1081000
CY2015 bgcp Post Termination Award Payout Period
PostTerminationAwardPayoutPeriod
Four equal yearly installments
CY2015 bgcp Business Acquisition Contingent Considerations Shares Issuable
BusinessAcquisitionContingentConsiderationsSharesIssuable
500000 shares
CY2015 bgcp Employee Loan Amortization And Reserve On Employee Loans
EmployeeLoanAmortizationAndReserveOnEmployeeLoans
86708000
CY2015 bgcp Capitalization Of Patent Defense And Registration Costs
CapitalizationOfPatentDefenseAndRegistrationCosts
845000
CY2015 bgcp Senior Notes Redemption Price Percentage
SeniorNotesRedemptionPricePercentage
1.00 pure
CY2015 bgcp Current Unincorporated Business Tax
CurrentUnincorporatedBusinessTax
2942000
CY2015 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.
CY2015 bgcp Number Of Operating Partnerships
NumberOfOperatingPartnerships
2 Partnership
CY2015 bgcp Redemptions And Repurchases
RedemptionsAndRepurchases
8995706 shares
CY2015 bgcp Lease Expiration Year
LeaseExpirationYear
2030
CY2015 bgcp Compensation And Employee Benefit Net
CompensationAndEmployeeBenefitNet
1954595000
CY2015 bgcp Partners Capital Account Units Converted Description
PartnersCapitalAccountUnitsConvertedDescription
Certain limited partnership units are granted exchangeability into Class A common stock on a one-for-one basis (subject to adjustment).
CY2015 bgcp Percentage Of Non Exchangeable Units Redeemed
PercentageOfNonExchangeableUnitsRedeemed
0.0975 pure
CY2015 bgcp Issuance Of Common Stock Upon Exchange Of Limited Partnership Interests
IssuanceOfCommonStockUponExchangeOfLimitedPartnershipInterests
79309000
CY2015 bgcp Noncontrolling Interest Increase Decrease From Business Combination
NoncontrollingInterestIncreaseDecreaseFromBusinessCombination
-488000
CY2015 bgcp Redemption Of Founding Working Partner Interests
RedemptionOfFoundingWorkingPartnerInterests
2470000
CY2015 bgcp Incremental Common Shares Attributable To Limited Partnership Interests
IncrementalCommonSharesAttributableToLimitedPartnershipInterests
65582000 shares
CY2015 bgcp Ownership Interest Description
OwnershipInterestDescription
The Company's policy is to consolidate all entities of which it owns more than 50% unless it does not have control over the entity.
CY2015 bgcp Cash Per Unit Received Upon Conversion Of Deferred Cash Award
CashPerUnitReceivedUponConversionOfDeferredCashAward
6.10
CY2015 bgcp Issuance Of Class Common Stock And Limited Partnership Interests For Acquisitions
IssuanceOfClassCommonStockAndLimitedPartnershipInterestsForAcquisitions
39635000
CY2015 bgcp Real Estate Brokerage Revenue
RealEstateBrokerageRevenue
269151000
CY2015 bgcp Equity Method Investment Summarized Financial Information Expenses
EquityMethodInvestmentSummarizedFinancialInformationExpenses
67711000
CY2015 bgcp Equity Based Compensation And Allocations Of Net Income To Limited Partnership Units And Founding Or Working Partner Units
EquityBasedCompensationAndAllocationsOfNetIncomeToLimitedPartnershipUnitsAndFoundingOrWorkingPartnerUnits
278684000
CY2015 bgcp Temporary Equity Earnings Distributions
TemporaryEquityEarningsDistributions
3227000
CY2015 bgcp Deferred Compensation Arrangement With Individual Compensation Expense Not Yet Recognized Period For Recognition
DeferredCompensationArrangementWithIndividualCompensationExpenseNotYetRecognizedPeriodForRecognition
P1Y3M7D
CY2015 bgcp Partnership Unit Repurchase Price Description
PartnershipUnitRepurchasePriceDescription
Repurchased by the Company at the average price of shares of Class A common stock sold under our Controlled Equity Offering less 2%, or $91,558.
CY2015 bgcp Repurchase Of Common Stock Amount
RepurchaseOfCommonStockAmount
-12114000
CY2015 bgcp Stock Released During Period Restricted Shares
StockReleasedDuringPeriodRestrictedShares
6100000 shares
CY2015 bgcp Forfeitures Of Common Stock
ForfeituresOfCommonStock
1701000
CY2015 bgcp Reduction Cost Due To Redemption And Repurchases Of Shares Per Share
ReductionCostDueToRedemptionAndRepurchasesOfSharesPerShare
8.53
CY2015 bgcp Reduction Cost Due To Redemption And Repurchases Of Shares
ReductionCostDueToRedemptionAndRepurchasesOfShares
18100000
CY2015 bgcp Regulatory Requirement Minimum Period Of Financial Resources To Cover Operating Costs
RegulatoryRequirementMinimumPeriodOfFinancialResourcesToCoverOperatingCosts
P1Y
CY2015 bgcp Regulatory Requirement Minimum Period Of Cash Or Highly Liquid Securities To Cover Operating Costs
RegulatoryRequirementMinimumPeriodOfCashOrHighlyLiquidSecuritiesToCoverOperatingCosts
P6M
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y4M24D
CY2015Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
734561 shares
CY2015Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
7.96
CY2015Q1 bgcp Average Redemption Price Per Unit
AverageRedemptionPricePerUnit
8.65
CY2015Q1 bgcp Number Of Units Redeemed
NumberOfUnitsRedeemed
2040190 shares
CY2015Q1 bgcp Percentage Of Preferred Partnership Units Awarded
PercentageOfPreferredPartnershipUnitsAwarded
0.006875 pure
CY2013Q2 bgcp Issuance Of Class A Common Stock Upon Exchange Of Non Exchangeable Limited Partnership Units
IssuanceOfClassACommonStockUponExchangeOfNonExchangeableLimitedPartnershipUnits
1802608 shares
CY2015Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
6520 shares
CY2015Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
6.29
CY2015Q2 bgcp Average Redemption Price Per Unit
AverageRedemptionPricePerUnit
8.83
CY2015Q2 bgcp Number Of Units Redeemed
NumberOfUnitsRedeemed
1242622 shares
CY2015Q2 bgcp Percentage Of Preferred Partnership Units Awarded
PercentageOfPreferredPartnershipUnitsAwarded
0.006875 pure
CY2015Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
100000 shares
CY2015Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
9.01
CY2015Q3 bgcp Average Redemption Price Per Unit
AverageRedemptionPricePerUnit
8.90
CY2015Q3 bgcp Number Of Units Redeemed
NumberOfUnitsRedeemed
1562680 shares
CY2015Q3 bgcp Percentage Of Preferred Partnership Units Awarded
PercentageOfPreferredPartnershipUnitsAwarded
0.006875 pure
CY2015Q4 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
575910 shares
CY2015Q4 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
9.25
CY2015Q4 bgcp Average Redemption Price Per Unit
AverageRedemptionPricePerUnit
8.92
CY2015Q4 bgcp Number Of Units Redeemed
NumberOfUnitsRedeemed
2733223 shares
CY2015Q4 bgcp Percentage Of Preferred Partnership Units Awarded
PercentageOfPreferredPartnershipUnitsAwarded
0.006875 pure

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