2016 Q1 Form 10-Q Financial Statement

#000119312516583879 Filed on May 09, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $640.7M $547.6M
YoY Change 17.0% 23.11%
Cost Of Revenue $6.300M $4.600M
YoY Change 36.96% 155.56%
Gross Profit $634.3M $543.0M
YoY Change 16.81% 23.19%
Gross Profit Margin 99.01% 99.17%
Selling, General & Admin $560.4M $485.5M
YoY Change 15.43% 21.95%
% of Gross Profit 88.35% 89.41%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $19.79M $16.60M
YoY Change 19.21% 53.42%
% of Gross Profit 3.12% 3.06%
Operating Expenses $619.2M $543.1M
YoY Change 14.02% 26.58%
Operating Profit $15.07M -$85.00K
YoY Change -17823.53% -100.72%
Interest Expense $13.46M $15.90M
YoY Change -15.37% 70.35%
% of Operating Profit 89.33%
Other Income/Expense, Net -$2.029M $31.79M
YoY Change -106.38% -806.71%
Pretax Income $19.39M $36.27M
YoY Change -46.54% 222.51%
Income Tax $4.840M $10.05M
% Of Pretax Income 24.96% 27.7%
Net Earnings $12.51M $14.06M
YoY Change -11.03% 75.51%
Net Earnings / Revenue 1.95% 2.57%
Basic Earnings Per Share $0.05 $0.06
Diluted Earnings Per Share $0.05 $0.06
COMMON SHARES
Basic Shares Outstanding 273.8M 222.0M shares
Diluted Shares Outstanding 434.9M 338.5M shares

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $655.2M $704.9M
YoY Change -7.06% 3.57%
Cash & Equivalents $463.5M $648.3M
Short-Term Investments $191.7M $56.66M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $2.095B $2.836B
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.551B $3.261B
YoY Change -21.76% 41.28%
LONG-TERM ASSETS
Property, Plant & Equipment $145.4M $162.2M
YoY Change -10.38% 35.47%
Goodwill $814.1M $888.9M
YoY Change -8.42% 418.58%
Intangibles $228.5M $307.3M
YoY Change -25.64% 1632.12%
Long-Term Investments $39.62M $30.70M
YoY Change 29.06% 97.76%
Other Assets $23.30M
YoY Change
Total Long-Term Assets $1.998B $2.029B
YoY Change -1.51% 165.38%
TOTAL ASSETS
Total Short-Term Assets $2.551B $3.261B
Total Long-Term Assets $1.998B $2.029B
Total Assets $4.550B $5.290B
YoY Change -14.0% 72.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.647B $2.348B
YoY Change -29.86% 73.25%
Accrued Expenses $290.8M $287.3M
YoY Change 1.22% 43.01%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $60.00M
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.938B $2.753B
YoY Change -29.61% 76.89%
LONG-TERM LIABILITIES
Long-Term Debt $838.6M $991.4M
YoY Change -15.41% 142.99%
Other Long-Term Liabilities $1.800M $18.20M
YoY Change -90.11% 857.89%
Total Long-Term Liabilities $840.4M $1.010B
YoY Change -16.76% 146.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.938B $2.753B
Total Long-Term Liabilities $840.4M $1.010B
Total Liabilities $3.325B $4.306B
YoY Change -22.8% 85.16%
SHAREHOLDERS EQUITY
Retained Earnings -$297.8M -$281.4M
YoY Change 5.84% 51.04%
Common Stock $1.380B $840.8M
YoY Change 64.17% 10.22%
Preferred Stock
YoY Change
Treasury Stock (at cost) $261.8M $206.5M
YoY Change 26.79% 51.58%
Treasury Stock Shares
Shareholders Equity $854.7M $394.5M
YoY Change
Total Liabilities & Shareholders Equity $4.550B $5.290B
YoY Change -14.0% 72.16%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income $12.51M $14.06M
YoY Change -11.03% 75.51%
Depreciation, Depletion And Amortization $19.79M $16.60M
YoY Change 19.21% 53.42%
Cash From Operating Activities -$200.5M -$52.40M
YoY Change 282.63% -52500.0%
INVESTING ACTIVITIES
Capital Expenditures $11.98M $5.499M
YoY Change 117.77% 65.88%
Acquisitions $112.3M $118.0M
YoY Change -4.87% 2393.2%
Other Investing Activities $346.1M -$116.2M
YoY Change -397.85% 2320.83%
Cash From Investing Activities $331.2M -$125.4M
YoY Change -364.11% 1061.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $62.68M $5.843M
YoY Change 972.72% -69.46%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -131.8M -39.20M
YoY Change 236.22% -41.75%
NET CHANGE
Cash From Operating Activities -200.5M -52.40M
Cash From Investing Activities 331.2M -125.4M
Cash From Financing Activities -131.8M -39.20M
Net Change In Cash -1.100M -217.0M
YoY Change -99.49% 178.21%
FREE CASH FLOW
Cash From Operating Activities -$200.5M -$52.40M
Capital Expenditures $11.98M $5.499M
Free Cash Flow -$212.5M -$57.90M
YoY Change 266.98% 1700.9%

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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y3M18D
CY2016Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P1Y3M18D
CY2016Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2016Q1 dei Entity Registrant Name
EntityRegistrantName
BGC Partners, Inc.
CY2016Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
9.53
CY2016Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2016Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.14
CY2016Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
434855000 shares
CY2016Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
858000 shares
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2016Q1 us-gaap Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
3700 shares
CY2016Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
8.42
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
273780000 shares
CY2016Q1 dei Document Period End Date
DocumentPeriodEndDate
2016-03-31
CY2016Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
250000 shares
CY2016Q1 dei Trading Symbol
TradingSymbol
BGCP
CY2016Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2016Q1 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>10.</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 11&#x2014;&#x201C;Derivatives&#x201D;). As of March 31, 2016 and December 31, 2015, 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="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,</b><br /> <b>2016</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>2015</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="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; 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="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Contract values of fails to deliver</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,547,092</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">692,530</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; 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">134,855</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">92,915</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="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; 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">20,160</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">18,252</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="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Net pending trades</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</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">6,544</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="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Open derivative contracts</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">2,475</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">1,999</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="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Total</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,704,582</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">812,240</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; 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="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Contract values of fails to receive</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,481,751</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">660,365</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; 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">93,722</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">30,037</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="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; 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">20,079</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">23,287</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="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Net pending trades</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">2,844</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</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="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Open derivative contracts</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">3,531</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">1,134</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="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Total</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,601,927</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">714,823</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> </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: 8%"> A portion of these receivables and payables are with Cantor. See Note 13&#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 March 31, 2016 have subsequently settled at the contracted amounts.</p> </div>
CY2016Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 Segment
CY2016Q1 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
7070000
CY2016Q1 us-gaap Interest Income Operating
InterestIncomeOperating
2383000
CY2016Q1 us-gaap Payments For Software
PaymentsForSoftware
2753000
CY2016Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11894000
CY2016Q1 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
9499000
CY2016Q1 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
24589000
CY2016Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
52491000
CY2016Q1 us-gaap Other Income
OtherIncome
3682000
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
13659000
CY2016Q1 us-gaap Increase Decrease In Brokerage Receivables
IncreaseDecreaseInBrokerageReceivables
889830000
CY2016Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
30000
CY2016Q1 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-10275000
CY2016Q1 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
16300000
CY2016Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
6221000
CY2016Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
13659000
CY2016Q1 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
1524000
CY2016Q1 us-gaap Revenues
Revenues
639036000
CY2016Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
112251000
CY2016Q1 us-gaap Gain Loss On Sale Of Equity Investments
GainLossOnSaleOfEquityInvestments
600000
CY2016Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
324763000
CY2016Q1 us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
583000
CY2016Q1 us-gaap Brokerage Commissions Revenue
BrokerageCommissionsRevenue
475087000
CY2016Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
4581000
CY2016Q1 us-gaap Management Fees Revenue
ManagementFeesRevenue
46058000
CY2016Q1 us-gaap Interest Paid
InterestPaid
17280000
CY2016Q1 us-gaap Profit Loss
ProfitLoss
16291000
CY2016Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
37980000
CY2016Q1 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
105627000
CY2016Q1 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
711000
CY2016Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
175000
CY2016Q1 us-gaap Increase Decrease In Financial Instruments Used In Operating Activities
IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities
406000
CY2016Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
62679000
CY2016Q1 us-gaap Sales Revenue From Energy Commodities And Services
SalesRevenueFromEnergyCommoditiesAndServices
67497000
CY2016Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
12408000
CY2016Q1 us-gaap Increase Decrease In Due From Employee Current
IncreaseDecreaseInDueFromEmployeeCurrent
80089000
CY2016Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
29647000
CY2016Q1 us-gaap Capitalized Computer Software Impairments
CapitalizedComputerSoftwareImpairments
1800000
CY2016Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2917000
CY2016Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2359000
CY2016Q1 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
2545000
CY2016Q1 us-gaap Revenues Excluding Interest And Dividends
RevenuesExcludingInterestAndDividends
636653000
CY2016Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
1955000
CY2016Q1 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
6828000
CY2016Q1 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
1493000
CY2016Q1 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
800000
CY2016Q1 us-gaap Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
7613000
CY2016Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
19642000
CY2016Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
4266000
CY2016Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1695000
CY2016Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
21131000
CY2016Q1 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
10261000
CY2016Q1 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
18956000
CY2016Q1 us-gaap Principal Transactions Revenue
PrincipalTransactionsRevenue
92439000
CY2016Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
22203000
CY2016Q1 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
639000000
CY2016Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
17591000
CY2016Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
22512000
CY2016Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
558000
CY2016Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4840000
CY2016Q1 us-gaap Other Expenses
OtherExpenses
22811000
CY2016Q1 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-1837000
CY2016Q1 us-gaap Increase Decrease In Financial Instruments Sold Not Yet Purchased
IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased
1822000
CY2016Q1 us-gaap Interest Expense
InterestExpense
13458000
CY2016Q1 us-gaap Distribution Made To Limited Partner Cash Distributions Declared
DistributionMadeToLimitedPartnerCashDistributionsDeclared
5100000
CY2016Q1 us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
511161000
CY2016Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-130236000
CY2016Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2764000
CY2016Q1 us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt Subsequent Adjustments
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebtSubsequentAdjustments
11400000
CY2016Q1 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
6209000
CY2016Q1 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
25598000
CY2016Q1 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
23326000
CY2016Q1 us-gaap Increase Decrease In Securities Loaned Transactions
IncreaseDecreaseInSecuritiesLoanedTransactions
-117890000
CY2016Q1 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
0
CY2016Q1 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-37122000
CY2016Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
2870000
CY2016Q1 us-gaap Occupancy Net
OccupancyNet
50002000
CY2016Q1 us-gaap Floor Brokerage Exchange And Clearance Fees
FloorBrokerageExchangeAndClearanceFees
9043000
CY2016Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
2459000
CY2016Q1 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
508000
CY2016Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-1316000
CY2016Q1 us-gaap Increase Decrease In Payables To Broker Dealers
IncreaseDecreaseInPayablesToBrokerDealers
886130000
CY2016Q1 us-gaap Cost Of Services Direct Labor
CostOfServicesDirectLabor
409183000
CY2016Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
15697000
CY2016Q1 us-gaap Professional Fees
ProfessionalFees
15410000
CY2016Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5400000
CY2016Q1 us-gaap Communication
Communication
30908000
CY2016Q1 us-gaap Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
-26896000
CY2016Q1 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
5942000
CY2016Q1 us-gaap Noninterest Expense
NoninterestExpense
602088000
CY2016Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1791000
CY2016Q1 us-gaap Stockholders Equity Other
StockholdersEquityOther
3000
CY2016Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
23000
CY2016Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
19468000
CY2016Q1 us-gaap Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
86033000
CY2016Q1 us-gaap Dividends Common Stock
DividendsCommonStock
37980000
CY2016Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2632000
CY2016Q1 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
3593000
CY2016Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-414000
CY2016Q1 bgcp Allocation Of Income To Limited Partnership Interest Diluted
AllocationOfIncomeToLimitedPartnershipInterestDiluted
7020000
CY2016Q1 bgcp Issuance Of Contingent Common Stock And Limited Partnership Units For Acquisitions
IssuanceOfContingentCommonStockAndLimitedPartnershipUnitsForAcquisitions
666000
CY2016Q1 bgcp Limited Partnership Units Exchange Ratio
LimitedPartnershipUnitsExchangeRatio
1 pure
CY2016Q1 bgcp Credit Revenue
CreditRevenue
84527000
CY2016Q1 bgcp Limited Partnership Interests Exchange Ratio
LimitedPartnershipInterestsExchangeRatio
1 pure
CY2016Q1 bgcp Incremental Common Shares Attributable To Other Instruments
IncrementalCommonSharesAttributableToOtherInstruments
4132000 shares
CY2016Q1 bgcp Redemptions And Repurchases Average Price
RedemptionsAndRepurchasesAveragePrice
8.71
CY2016Q1 bgcp Foreign Exchange Brokerage Revenue
ForeignExchangeBrokerageRevenue
78020000
CY2016Q1 bgcp Average Redemption Price Per Unit
AverageRedemptionPricePerUnit
8.59
CY2016Q1 bgcp Number Of Units Redeemed
NumberOfUnitsRedeemed
775791 shares
CY2016Q1 bgcp Percentage Of Preferred Partnership Units Awarded
PercentageOfPreferredPartnershipUnitsAwarded
0.006875 pure
CY2016Q1 bgcp Equities And Other Brokerage Revenue
EquitiesAndOtherBrokerageRevenue
51205000
CY2016Q1 bgcp Exchange Of Founding Working Partner Interests
ExchangeOfFoundingWorkingPartnerInterests
191000
CY2016Q1 bgcp Sublease Provision Adjustment
SubleaseProvisionAdjustment
275000
CY2016Q1 bgcp Allocation Of Net Income And Grant Of Exchangeability To Limited Partnership Units And Founding Working Partner Units
AllocationOfNetIncomeAndGrantOfExchangeabilityToLimitedPartnershipUnitsAndFoundingWorkingPartnerUnits
32924000
CY2016Q1 bgcp Rates Revenue
RatesRevenue
118517000
CY2016Q1 bgcp Payment Specified Percentage Of Gross Proceeds From Sale Of Shares
PaymentSpecifiedPercentageOfGrossProceedsFromSaleOfShares
0.02 pure
CY2016Q1 bgcp Post Termination Award Payout Period
PostTerminationAwardPayoutPeriod
Four equal yearly installments
CY2016Q1 bgcp Employee Loan Amortization And Reserve On Employee Loans
EmployeeLoanAmortizationAndReserveOnEmployeeLoans
10459000
CY2016Q1 bgcp Capitalization Of Patent Defense And Registration Costs
CapitalizationOfPatentDefenseAndRegistrationCosts
181000
CY2016Q1 bgcp Senior Notes Redemption Price Percentage
SeniorNotesRedemptionPricePercentage
1.00 pure
CY2016Q1 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.
CY2016Q1 bgcp Number Of Operating Partnerships
NumberOfOperatingPartnerships
2 Partnership
CY2016Q1 bgcp Redemptions And Repurchases
RedemptionsAndRepurchases
7962837 shares
CY2016Q1 bgcp Compensation And Employee Benefit Net
CompensationAndEmployeeBenefitNet
442107000
CY2016Q1 bgcp Issuance Of Common Stock Upon Exchange Of Limited Partnership Interests
IssuanceOfCommonStockUponExchangeOfLimitedPartnershipInterests
7852000
CY2016Q1 bgcp Redemption Of Founding Working Partner Interests
RedemptionOfFoundingWorkingPartnerInterests
322000
CY2016Q1 bgcp Incremental Common Shares Attributable To Limited Partnership Interests
IncrementalCommonSharesAttributableToLimitedPartnershipInterests
139825000 shares
CY2016Q1 bgcp Real Estate Brokerage Revenue
RealEstateBrokerageRevenue
62133000
CY2016Q1 bgcp Equity Based Compensation And Allocations Of Net Income To Limited Partnership Units And Founding Or Working Partner Units
EquityBasedCompensationAndAllocationsOfNetIncomeToLimitedPartnershipUnitsAndFoundingOrWorkingPartnerUnits
36633000
CY2016Q1 bgcp Temporary Equity Earnings Distributions
TemporaryEquityEarningsDistributions
1894000
CY2016Q1 bgcp Deferred Compensation Arrangement With Individual Compensation Expense Not Yet Recognized Period For Recognition
DeferredCompensationArrangementWithIndividualCompensationExpenseNotYetRecognizedPeriodForRecognition
P1Y1M28D
CY2016Q1 bgcp Partnership Unit Repurchase Price Description
PartnershipUnitRepurchasePriceDescription
Repurchased by the Company at the average price of shares of Class A common stock sold under the Company's controlled equity offering less 2%, or $91,558.
CY2016Q1 bgcp Repurchase Of Common Stock Amount
RepurchaseOfCommonStockAmount
-62679000
CY2016Q1 bgcp Stock Released During Period Restricted Shares
StockReleasedDuringPeriodRestrictedShares
1600000 shares
CY2016Q1 bgcp Cash Per Unit Received Upon Conversion Of Deferred Cash Award
CashPerUnitReceivedUponConversionOfDeferredCashAward
6.10
CY2016Q1 bgcp Issuance Of Class Common Stock And Limited Partnership Interests For Acquisitions
IssuanceOfClassCommonStockAndLimitedPartnershipInterestsForAcquisitions
651000
CY2016Q1 bgcp Reduction Cost Due To Redemption And Repurchases Of Shares Per Share
ReductionCostDueToRedemptionAndRepurchasesOfSharesPerShare
8.70
CY2016Q1 bgcp Reduction Cost Due To Redemption And Repurchases Of Shares
ReductionCostDueToRedemptionAndRepurchasesOfShares
65900000
CY2016Q1 bgcp Regulatory Requirement Minimum Period Of Financial Resources To Cover Operating Costs
RegulatoryRequirementMinimumPeriodOfFinancialResourcesToCoverOperatingCosts
P1Y
CY2016Q1 bgcp Regulatory Requirement Minimum Period Of Cash Or Highly Liquid Securities To Cover Operating Costs
RegulatoryRequirementMinimumPeriodOfCashOrHighlyLiquidSecuritiesToCoverOperatingCosts
P6M
CY2016Q1 bgcp Data Software And Posttrade Revenue
DataSoftwareAndPosttradeRevenue
12317000
CY2016Q1 bgcp Trading Securities Realized And Unrealized Gain Loss
TradingSecuritiesRealizedAndUnrealizedGainLoss
-300000

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