2016 Q3 Form 10-Q Financial Statement

#000119312516763174 Filed on November 09, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q3 2015 Q1
Revenue $643.5M $685.3M $547.6M
YoY Change -6.1% 57.1% 23.11%
Cost Of Revenue $5.300M $4.900M $4.600M
YoY Change 8.16% 81.48% 155.56%
Gross Profit $664.1M $680.4M $543.0M
YoY Change -2.4% 56.96% 23.19%
Gross Profit Margin 103.2% 99.29% 99.17%
Selling, General & Admin $613.6M $601.2M $485.5M
YoY Change 2.06% 46.46% 21.95%
% of Gross Profit 92.4% 88.36% 89.41%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $67.90M $22.10M $16.60M
YoY Change 207.24% 215.71% 53.42%
% of Gross Profit 10.22% 3.25% 3.06%
Operating Expenses $638.4M $665.5M $543.1M
YoY Change -4.07% 48.03% 26.58%
Operating Profit $25.74M $14.94M -$85.00K
YoY Change 72.32% -193.19% -100.72%
Interest Expense $15.38M $16.94M $15.90M
YoY Change -9.21% 84.23% 70.35%
% of Operating Profit 59.75% 113.41%
Other Income/Expense, Net $99.38M $63.49M $31.79M
YoY Change 56.54% 46.78% -806.71%
Pretax Income $104.5M $83.32M $36.27M
YoY Change 25.45% 178.32% 222.51%
Income Tax $30.26M $28.74M $10.05M
% Of Pretax Income 28.95% 34.49% 27.7%
Net Earnings $60.88M $38.37M $14.06M
YoY Change 58.67% 432.12% 75.51%
Net Earnings / Revenue 9.46% 5.6% 2.57%
Basic Earnings Per Share $0.22 $0.15 $0.06
Diluted Earnings Per Share $0.21 $0.15 $0.06
COMMON SHARES
Basic Shares Outstanding 278.6M shares 252.4M shares 222.0M shares
Diluted Shares Outstanding 429.8M shares 394.0M shares 338.5M shares

Balance Sheet

Concept 2016 Q3 2015 Q3 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $689.3M $534.1M $704.9M
YoY Change 29.06% -9.12% 3.57%
Cash & Equivalents $509.4M $424.4M $648.3M
Short-Term Investments $179.9M $109.7M $56.66M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $2.144B $1.567B $2.836B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.593B $1.991B $3.261B
YoY Change 30.2% 15.77% 41.28%
LONG-TERM ASSETS
Property, Plant & Equipment $155.3M $150.7M $162.2M
YoY Change 3.09% 31.75% 35.47%
Goodwill $830.2M $953.9M $888.9M
YoY Change -12.97% 289.67% 418.58%
Intangibles $219.1M $320.4M $307.3M
YoY Change -31.63% 1194.7% 1632.12%
Long-Term Investments $41.41M $32.90M $30.70M
YoY Change 25.85% 77.31% 97.76%
Other Assets $23.30M
YoY Change
Total Long-Term Assets $2.219B $2.127B $2.029B
YoY Change 4.36% 120.67% 165.38%
TOTAL ASSETS
Total Short-Term Assets $2.593B $1.991B $3.261B
Total Long-Term Assets $2.219B $2.127B $2.029B
Total Assets $4.812B $4.118B $5.290B
YoY Change 16.86% 53.43% 72.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.630B $1.107B $2.348B
YoY Change 47.26% 16.38% 73.25%
Accrued Expenses $333.0M $307.5M $287.3M
YoY Change 8.29% 32.77% 43.01%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $75.00M $60.00M
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $969.2M $1.133B $2.753B
YoY Change -14.48% -4.18% 76.89%
LONG-TERM LIABILITIES
Long-Term Debt $969.1M $841.0M $991.4M
YoY Change 15.23% 104.97% 142.99%
Other Long-Term Liabilities $0.00 $18.20M
YoY Change -100.0% 857.89%
Total Long-Term Liabilities $969.1M $841.0M $1.010B
YoY Change 15.23% 102.5% 146.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $969.2M $1.133B $2.753B
Total Long-Term Liabilities $969.1M $841.0M $1.010B
Total Liabilities $3.568B $3.081B $4.306B
YoY Change 15.81% 55.47% 85.16%
SHAREHOLDERS EQUITY
Retained Earnings -$309.5M -$303.2M -$281.4M
YoY Change 2.08% 35.43% 51.04%
Common Stock $1.449B $1.006B $840.8M
YoY Change 43.94% 25.56% 10.22%
Preferred Stock
YoY Change
Treasury Stock (at cost) $277.4M $207.8M $206.5M
YoY Change 33.52% 15.76% 51.58%
Treasury Stock Shares
Shareholders Equity $889.6M $527.8M $394.5M
YoY Change
Total Liabilities & Shareholders Equity $4.812B $4.118B $5.290B
YoY Change 16.86% 53.43% 72.16%

Cashflow Statement

Concept 2016 Q3 2015 Q3 2015 Q1
OPERATING ACTIVITIES
Net Income $60.88M $38.37M $14.06M
YoY Change 58.67% 432.12% 75.51%
Depreciation, Depletion And Amortization $67.90M $22.10M $16.60M
YoY Change 207.24% 215.71% 53.42%
Cash From Operating Activities $30.20M $133.3M -$52.40M
YoY Change -77.34% 158.33% -52500.0%
INVESTING ACTIVITIES
Capital Expenditures -$22.40M -$18.10M $5.499M
YoY Change 23.76% 147.95% 65.88%
Acquisitions $118.0M
YoY Change 2393.2%
Other Investing Activities $54.40M -$13.70M -$116.2M
YoY Change -497.08% -84.32% 2320.83%
Cash From Investing Activities $32.10M -$31.80M -$125.4M
YoY Change -200.94% -66.42% 1061.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $5.843M
YoY Change -69.46%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -82.30M -35.20M -39.20M
YoY Change 133.81% -65.25% -41.75%
NET CHANGE
Cash From Operating Activities 30.20M 133.3M -52.40M
Cash From Investing Activities 32.10M -31.80M -125.4M
Cash From Financing Activities -82.30M -35.20M -39.20M
Net Change In Cash -20.00M 66.30M -217.0M
YoY Change -130.17% -145.91% 178.21%
FREE CASH FLOW
Cash From Operating Activities $30.20M $133.3M -$52.40M
Capital Expenditures -$22.40M -$18.10M $5.499M
Free Cash Flow $52.60M $151.4M -$57.90M
YoY Change -65.26% 157.05% 1700.9%

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57145000
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117890000
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0
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3300000 shares
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1242570000
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1600000
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812240000
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200000
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212331000
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660365000
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692530000
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11300000
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6544000
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65043000
CY2015Q4 bgcp Payable For Open Derivative Contracts
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1134000
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537000
CY2015Q4 bgcp Futures Contracts Assets Fair Value Disclosure
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39000
CY2015Q4 bgcp Number Of Limited Partnership Units Exchangeable Into Shares
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5400000 shares
CY2015Q4 bgcp Notes Payable And Collateralized Borrowings
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840877000
CY2015Q4 bgcp Receivable From Open Derivative Contracts
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1999000
CY2015Q4 bgcp Forward Contracts Assets Fair Value Disclosure
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821000
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178000
CY2015Q4 bgcp Notional Value Of Limited Partnership Units With Post Termination Pay Out Amount
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30400000
CY2015Q4 bgcp Futures Contract Liabilities Fair Value Disclosure
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44000
CY2015Q1 bgcp Tendered Shares Owned By Parent
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17100000 shares
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0 shares
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15644000
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25616000
us-gaap Amortization Of Debt Discount Premium
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4427000
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-223887000
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-8515000
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30307000
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1700000
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17400000
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62428000
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0.25
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31528000
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21200000
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1424357000
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88550000
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150000000
us-gaap Available For Sale Securities Gross Realized Gain Loss Net
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12800000
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1213803000
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94200000
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18800000
us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
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17615000
us-gaap Deferred Income Tax Expense Benefit
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7518000
us-gaap Revenues
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1901993000
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-6995000
us-gaap Interest Paid
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45956000
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135997000
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238958000
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98333000
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92259000
us-gaap Increase Decrease In Accounts Payable Related Parties
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9897000
us-gaap Income Taxes Paid
IncomeTaxesPaid
19438000
us-gaap Increase Decrease In Payables To Broker Dealers
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-211459000
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981000
us-gaap Operating Expenses
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1863445000
us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
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25182000
us-gaap Proceeds From Issuance Of Secured Debt
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27918000
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-153851000
us-gaap Net Income Loss
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61773000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
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34053000
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8774000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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136881000
us-gaap Interest Expense
InterestExpense
51285000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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-215514000
us-gaap Increase Decrease In Financial Instruments Sold Not Yet Purchased
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-1526000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-15033000
us-gaap Proceeds From Sales Of Assets Investing Activities
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1922000
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-18958000
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-108178000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
61773000
us-gaap Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
-101507000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
6786000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
170792000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
93119000
us-gaap Increase Decrease In Financial Instruments Used In Operating Activities
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-2106000
us-gaap Noninterest Expense
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1812160000
us-gaap Increase Decrease In Securities Borrowed
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-62736000
us-gaap Interest On Convertible Debt Net Of Tax
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2905000
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OtherComprehensiveIncomeLossNetOfTax
-33991000
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56142000
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IncreaseDecreaseInOtherOperatingAssets
-24963000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
770000 shares
us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
377464000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
96087000
us-gaap Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
3752000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-149646000
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
537000
us-gaap Increase Decrease In Securities Loaned Transactions
IncreaseDecreaseInSecuritiesLoanedTransactions
54731000
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
5286000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
520000
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
5633000
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
70609000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2678000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
41055000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
126560000
us-gaap Other Expenses
OtherExpenses
75022000
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IncreaseDecreaseInAccountsAndOtherReceivables
-25229000
us-gaap Interest Income Operating
InterestIncomeOperating
6253000
us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
31757000
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-1750000
us-gaap Payments For Software
PaymentsForSoftware
12470000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
26816000
us-gaap Related Party Transaction Expenses From Transactions With Related Party
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13564000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
61835000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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370147000 shares
us-gaap Repayments Of Secured Debt
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3302000
us-gaap Revenues Excluding Interest And Dividends
RevenuesExcludingInterestAndDividends
1895740000
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
800000 shares
us-gaap Temporary Equity Net Income
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3227000
us-gaap Weighted Average Number Of Shares Outstanding Basic
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239856000 shares
us-gaap Temporary Equity Other Changes
TemporaryEquityOtherChanges
3000
us-gaap Proceeds From Stock Options Exercised
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627000
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
0
us-gaap Professional Fees
ProfessionalFees
53702000
us-gaap Sales Revenue From Energy Commodities And Services
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139129000
us-gaap Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
44000 shares
us-gaap Profit Loss
ProfitLoss
95826000
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
-5000000
us-gaap Revenue From Related Parties
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19310000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
51314000
us-gaap Trading Securities Realized Gain Loss
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5300000
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
8.07
bgcp Rates Revenue
RatesRevenue
363179000
bgcp Sublease Provision Adjustment
SubleaseProvisionAdjustment
1385000
bgcp Allocation Of Net Income And Grant Of Exchangeability To Limited Partnership Units And Founding Working Partner Units
AllocationOfNetIncomeAndGrantOfExchangeabilityToLimitedPartnershipUnitsAndFoundingWorkingPartnerUnits
113921000
bgcp Foreign Exchange Brokerage Revenue
ForeignExchangeBrokerageRevenue
249607000
bgcp Equity Based Compensation And Allocations Of Net Income To Limited Partnership Units And Founding Or Working Partner Units
EquityBasedCompensationAndAllocationsOfNetIncomeToLimitedPartnershipUnitsAndFoundingOrWorkingPartnerUnits
128827000
bgcp Incremental Common Shares Attributable To Limited Partnership Interests
IncrementalCommonSharesAttributableToLimitedPartnershipInterests
119334000 shares
bgcp Cash And Cash Equivalents Classified As Assets Held For Sale
CashAndCashEquivalentsClassifiedAsAssetsHeldForSale
23228000
bgcp Equities And Other Brokerage Revenue
EquitiesAndOtherBrokerageRevenue
129726000
bgcp Compensation And Employee Benefit Net
CompensationAndEmployeeBenefitNet
1327724000
bgcp Real Estate Brokerage Revenue
RealEstateBrokerageRevenue
196008000
bgcp Employee Loan Amortization And Reserve On Employee Loans
EmployeeLoanAmortizationAndReserveOnEmployeeLoans
30861000
bgcp Recognition Of Earnout And Related Hedges
RecognitionOfEarnoutAndRelatedHedges
52917000
bgcp Redemption Of Founding Working Partner Interests
RedemptionOfFoundingWorkingPartnerInterests
243000
bgcp Credit Revenue
CreditRevenue
208202000
bgcp Issuance Of Common Stock Upon Exchange Of Limited Partnership Interests
IssuanceOfCommonStockUponExchangeOfLimitedPartnershipInterests
52521000
bgcp Capitalization Of Patent Defense And Registration Costs
CapitalizationOfPatentDefenseAndRegistrationCosts
744000
bgcp Forfeitures Of Common Stock
ForfeituresOfCommonStock
1376000
bgcp Exchange Of Founding Working Partner Interests
ExchangeOfFoundingWorkingPartnerInterests
842000
bgcp Incremental Common Shares Attributable To Other Instruments
IncrementalCommonSharesAttributableToOtherInstruments
10187000 shares
bgcp Issuance Of Class Common Stock And Limited Partnership Interests For Acquisitions
IssuanceOfClassCommonStockAndLimitedPartnershipInterestsForAcquisitions
35062000
bgcp Gain Loss On Divestiture And Or Sale Of Investment
GainLossOnDivestitureAndOrSaleOfInvestment
3396000
bgcp Stock Released During Period Restricted Shares
StockReleasedDuringPeriodRestrictedShares
2400000 shares
bgcp Data Software And Posttrade Revenue
DataSoftwareAndPosttradeRevenue
68344000
bgcp Re Allocation Of Temporary Equity Due To Additional Investment By Founding Working Partners
ReAllocationOfTemporaryEquityDueToAdditionalInvestmentByFoundingWorkingPartners
80000
bgcp Net Income Loss After Adjustments For Noncash And Nonoperating Items
NetIncomeLossAfterAdjustmentsForNoncashAndNonoperatingItems
-268616000
bgcp Allocation Of Income Loss To Limited Partnership Interest Diluted
AllocationOfIncomeLossToLimitedPartnershipInterestDiluted
28441000
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
21410000
us-gaap Costmethod Investments Realized Gain Loss Excluding Other Than Temporary Impairments
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7051000
dei Entity Registrant Name
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BGC Partners, Inc.
us-gaap Floor Brokerage Exchange And Clearance Fees
FloorBrokerageExchangeAndClearanceFees
27633000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-2414000
dei Document Type
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10-Q
dei Entity Central Index Key
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0001094831
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P14Y1M6D
dei Document Period End Date
DocumentPeriodEndDate
2016-09-30
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CashAndCashEquivalentsPeriodIncreaseDecrease
-12692000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
2954000
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.46
dei Document Fiscal Year Focus
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2016
dei Amendment Flag
AmendmentFlag
false
us-gaap Distribution Made To Limited Partner Cash Distributions Declared
DistributionMadeToLimitedPartnerCashDistributionsDeclared
40000000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.46
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
us-gaap Dividends Common Stock
DividendsCommonStock
126318000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.33
us-gaap Asset Impairment Charges
AssetImpairmentCharges
3737000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
56865000
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.32
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
95346000
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
15000000
us-gaap Brokerage Commissions Revenue
BrokerageCommissionsRevenue
1469940000
us-gaap Communication
Communication
92076000
us-gaap Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
68000
us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
-700000
us-gaap Cost Of Services Direct Labor
CostOfServicesDirectLabor
1243501000
us-gaap Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
3700000
us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
13287000
us-gaap Due To And From Broker Dealers And Clearing Organizations Disclosure
DueToAndFromBrokerDealersAndClearingOrganizationsDisclosure
<div> <table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; WIDOWS: 1; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px" 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; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> 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 and/or ICE shares (see Note 11&#x2014;&#x201C;Derivatives&#x201D;). As of September 30, 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; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; COLOR: rgb(0,0,0); FONT: 12pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; WIDOWS: 1; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px" cellspacing="0" cellpadding="0" width="76%" align="center" border="0"> <tr> <td width="72%"></td> <td valign="bottom" width="6%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="6%"></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>September&#xA0;30,</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">$</td> <td valign="bottom" align="right">1,603,087</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</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">134,079</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">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">14,554</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">&#xA0;</td> <td valign="bottom" align="right">11,048</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">1,066</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">$</td> <td valign="bottom" align="right">1,763,834</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</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">$</td> <td valign="bottom" align="right">1,551,527</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</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">40,096</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">20,939</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"> Open derivative contracts</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">775</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'" 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">$</td> <td valign="bottom" align="right">1,613,337</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</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: 0pt; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> 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; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> Substantially all open fails to deliver, open fails to receive and pending trade transactions as of September&#xA0;30, 2016 have subsequently settled at the contracted amounts.</p> </div>
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P9M18D
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
9326182 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
8.42
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
17320000
us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
5588000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
276144000 shares
dei Trading Symbol
TradingSymbol
BGCP
us-gaap Temporary Equity Other Changes
TemporaryEquityOtherChanges
-1000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
86000
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
0
us-gaap Professional Fees
ProfessionalFees
45160000
us-gaap Sales Revenue From Energy Commodities And Services
SalesRevenueFromEnergyCommoditiesAndServices
168765000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
59000 shares
us-gaap Profit Loss
ProfitLoss
111120000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
14619 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
9.53
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
18061000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 Segment
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
60629000
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
8.77
bgcp Rates Revenue
RatesRevenue
352681000
bgcp Sublease Provision Adjustment
SubleaseProvisionAdjustment
807000
bgcp Senior Notes Redemption Price Percentage
SeniorNotesRedemptionPricePercentage
1.00 pure
bgcp Allocation Of Net Income And Grant Of Exchangeability To Limited Partnership Units And Founding Working Partner Units
AllocationOfNetIncomeAndGrantOfExchangeabilityToLimitedPartnershipUnitsAndFoundingWorkingPartnerUnits
132670000
bgcp Proceeds From Sale Of Cost Method Investments
ProceedsFromSaleOfCostMethodInvestments
7106000
bgcp Number Of Operating Partnerships
NumberOfOperatingPartnerships
2 Partnership
bgcp Foreign Exchange Brokerage Revenue
ForeignExchangeBrokerageRevenue
232494000
bgcp Redemptions And Repurchases Average Price
RedemptionsAndRepurchasesAveragePrice
8.80
bgcp Equity Based Compensation And Allocations Of Net Income To Limited Partnership Units And Founding Or Working Partner Units
EquityBasedCompensationAndAllocationsOfNetIncomeToLimitedPartnershipUnitsAndFoundingOrWorkingPartnerUnits
150023000
bgcp Issuance Of Contingent Common Stock And Limited Partnership Units For Acquisitions
IssuanceOfContingentCommonStockAndLimitedPartnershipUnitsForAcquisitions
4768000
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.
bgcp Incremental Common Shares Attributable To Limited Partnership Interests
IncrementalCommonSharesAttributableToLimitedPartnershipInterests
144341000 shares
bgcp Post Termination Award Payout Period
PostTerminationAwardPayoutPeriod
Four equal yearly installments
bgcp Equities And Other Brokerage Revenue
EquitiesAndOtherBrokerageRevenue
133035000
bgcp Compensation And Employee Benefit Net
CompensationAndEmployeeBenefitNet
1376171000
bgcp Temporary Equity Earnings Distributions
TemporaryEquityEarningsDistributions
-4067000
bgcp Real Estate Brokerage Revenue
RealEstateBrokerageRevenue
239427000
bgcp Limited Partnership Interests Exchange Ratio
LimitedPartnershipInterestsExchangeRatio
1 pure
bgcp Deferred Compensation Arrangement With Individual Compensation Expense Not Yet Recognized Period For Recognition
DeferredCompensationArrangementWithIndividualCompensationExpenseNotYetRecognizedPeriodForRecognition
P11M1D
bgcp Employee Loan Amortization And Reserve On Employee Loans
EmployeeLoanAmortizationAndReserveOnEmployeeLoans
44656000
bgcp Recognition Of Earnout And Related Hedges
RecognitionOfEarnoutAndRelatedHedges
67016000
bgcp Redemption Of Founding Working Partner Interests
RedemptionOfFoundingWorkingPartnerInterests
334000
bgcp Credit Revenue
CreditRevenue
229466000
bgcp Redemptions And Repurchases
RedemptionsAndRepurchases
14350407 shares
bgcp Issuance Of Common Stock Upon Exchange Of Limited Partnership Interests
IssuanceOfCommonStockUponExchangeOfLimitedPartnershipInterests
53754000
bgcp Capitalization Of Patent Defense And Registration Costs
CapitalizationOfPatentDefenseAndRegistrationCosts
420000
bgcp Forfeitures Of Common Stock
ForfeituresOfCommonStock
374000
bgcp Repurchase Of Common Stock Amount
RepurchaseOfCommonStockAmount
81821000
bgcp Exchange Of Founding Working Partner Interests
ExchangeOfFoundingWorkingPartnerInterests
1890000
bgcp Regulatory Requirement Minimum Period Of Cash Or Highly Liquid Securities To Cover Operating Costs
RegulatoryRequirementMinimumPeriodOfCashOrHighlyLiquidSecuritiesToCoverOperatingCosts
P6M
bgcp Limited Partnership Units Exchange Ratio
LimitedPartnershipUnitsExchangeRatio
1 pure
bgcp Incremental Common Shares Attributable To Other Instruments
IncrementalCommonSharesAttributableToOtherInstruments
2308000 shares
bgcp Issuance Of Class Common Stock And Limited Partnership Interests For Acquisitions
IssuanceOfClassCommonStockAndLimitedPartnershipInterestsForAcquisitions
5857000
bgcp Average Redemption Price Per Unit
AverageRedemptionPricePerUnit
8.85
bgcp Gain Loss On Divestiture And Or Sale Of Investment
GainLossOnDivestitureAndOrSaleOfInvestment
7044000
bgcp Regulatory Requirement Minimum Period Of Financial Resources To Cover Operating Costs
RegulatoryRequirementMinimumPeriodOfFinancialResourcesToCoverOperatingCosts
P1Y
bgcp Noncontrolling Interest Increase Decrease From Business Combination
NoncontrollingInterestIncreaseDecreaseFromBusinessCombination
-58000
bgcp Stock Released During Period Restricted Shares
StockReleasedDuringPeriodRestrictedShares
4400000 shares
bgcp Reduction Cost Due To Redemption And Repurchases Of Shares Per Share
ReductionCostDueToRedemptionAndRepurchasesOfSharesPerShare
8.76
bgcp Number Of Units Redeemed
NumberOfUnitsRedeemed
5024225 shares
bgcp Payment Specified Percentage Of Gross Proceeds From Sale Of Shares
PaymentSpecifiedPercentageOfGrossProceedsFromSaleOfShares
0.02 pure
bgcp Cash Per Unit Received Upon Conversion Of Deferred Cash Award
CashPerUnitReceivedUponConversionOfDeferredCashAward
6.10
bgcp Reduction Cost Due To Redemption And Repurchases Of Shares
ReductionCostDueToRedemptionAndRepurchasesOfShares
87800000
bgcp Data Software And Posttrade Revenue
DataSoftwareAndPosttradeRevenue
36599000
bgcp Trading Securities Realized And Unrealized Gain Loss
TradingSecuritiesRealizedAndUnrealizedGainLoss
12800000
bgcp Net Income Loss After Adjustments For Noncash And Nonoperating Items
NetIncomeLossAfterAdjustmentsForNoncashAndNonoperatingItems
-210867000
bgcp Allocation Of Income Loss To Limited Partnership Interest Diluted
AllocationOfIncomeLossToLimitedPartnershipInterestDiluted
46119000
CY2016Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1195067 shares
CY2016Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
8.91
CY2016Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
52877 shares
CY2016Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
8.78
CY2016Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
94003 shares
CY2016Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
8.81
CY2015 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P14Y
CY2015 us-gaap Dividends Common Stock
DividendsCommonStock
131360000
CY2015 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
835000
CY2015 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
217040000
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-33235000
CY2015 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
70538000
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 Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y4M24D
CY2015 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
4371000
CY2015 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1108000
CY2015 us-gaap Profit Loss
ProfitLoss
268318000
CY2015 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
545000
CY2015 bgcp Issuance Of Contingent Common Stock And Limited Partnership Units For Acquisitions
IssuanceOfContingentCommonStockAndLimitedPartnershipUnitsForAcquisitions
39090000
CY2015 bgcp Purchase Of Units Upon Redemption Of Founding Working Partners Units
PurchaseOfUnitsUponRedemptionOfFoundingWorkingPartnersUnits
6573000
CY2015 bgcp Repurchase Of Common Stock Amount
RepurchaseOfCommonStockAmount
12114000
CY2015 bgcp Noncontrolling Interest Increase Decrease From Business Combination
NoncontrollingInterestIncreaseDecreaseFromBusinessCombination
-488000
CY2015 bgcp Re Allocation Of Equity Due To Additional Investment By Founding Working Partners
ReAllocationOfEquityDueToAdditionalInvestmentByFoundingWorkingPartners
80000
CY2016Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
7187046 shares
CY2016Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
8.72
CY2016Q1 bgcp Percentage Of Preferred Partnership Units Awarded
PercentageOfPreferredPartnershipUnitsAwarded
0.006875 pure
CY2016Q1 bgcp Average Redemption Price Per Unit
AverageRedemptionPricePerUnit
8.59
CY2016Q1 bgcp Number Of Units Redeemed
NumberOfUnitsRedeemed
775791 shares
CY2016Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
797189 shares
CY2016Q3 us-gaap Sales Revenue From Energy Commodities And Services
SalesRevenueFromEnergyCommoditiesAndServices
47061000
CY2016Q3 us-gaap Revenues Excluding Interest And Dividends
RevenuesExcludingInterestAndDividends
640713000
CY2016Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
9.04
CY2016Q2 bgcp Percentage Of Preferred Partnership Units Awarded
PercentageOfPreferredPartnershipUnitsAwarded
0.006875 pure
CY2016Q2 bgcp Average Redemption Price Per Unit
AverageRedemptionPricePerUnit
8.91
CY2016Q2 bgcp Number Of Units Redeemed
NumberOfUnitsRedeemed
1804365 shares
CY2016Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
6134000
CY2016Q3 us-gaap Floor Brokerage Exchange And Clearance Fees
FloorBrokerageExchangeAndClearanceFees
8493000
CY2016Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1000000 shares
CY2016Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.16
CY2016Q3 us-gaap Distribution Made To Limited Partner Cash Distributions Declared
DistributionMadeToLimitedPartnerCashDistributionsDeclared
24400000
CY2016Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.16
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
CY2016Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
61649000
CY2016Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4800000
CY2016Q3 us-gaap Brokerage Commissions Revenue
BrokerageCommissionsRevenue
496265000
CY2016Q3 us-gaap Communication
Communication
30568000
CY2016Q3 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
500000
CY2016Q3 us-gaap Cost Of Services Direct Labor
CostOfServicesDirectLabor
415697000
CY2016Q3 us-gaap Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
600000
CY2016Q3 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
3500000
CY2016Q3 us-gaap Revenues
Revenues
643505000
CY2016Q3 us-gaap Management Fees Revenue
ManagementFeesRevenue
49373000
CY2016Q3 us-gaap Principal Transactions Revenue
PrincipalTransactionsRevenue
76332000
CY2016Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
99380000
CY2016Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
91653000
CY2016Q3 us-gaap Operating Expenses
OperatingExpenses
638356000
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
60882000
CY2016Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
13384000
CY2016Q3 us-gaap Other Income
OtherIncome
783000
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
104529000
CY2016Q3 us-gaap Interest Expense
InterestExpense
15383000
CY2016Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
417000
CY2016Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
511000
CY2016Q3 us-gaap Occupancy Net
OccupancyNet
46513000
CY2016Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
13545000
CY2016Q3 us-gaap Gain Loss On Sale Of Equity Investments
GainLossOnSaleOfEquityInvestments
700000
CY2016Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
92121000
CY2016Q3 us-gaap Noninterest Expense
NoninterestExpense
622973000
CY2016Q3 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
253000
CY2016Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
60882000
CY2016Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
928000
CY2016Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
423000 shares
CY2016Q3 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
139109000
CY2016Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
2121000 shares
CY2016Q3 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
22613000
CY2016Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
683000
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
30263000
CY2016Q3 us-gaap Other Expenses
OtherExpenses
19709000
CY2016Q3 us-gaap Interest Income Operating
InterestIncomeOperating
2792000
CY2016Q3 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
5060000
CY2016Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
75194000
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
429761000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
278601000 shares
CY2016Q3 bgcp Rates Revenue
RatesRevenue
112384000
CY2016Q3 bgcp Percentage Of Preferred Partnership Units Awarded
PercentageOfPreferredPartnershipUnitsAwarded
0.006875 pure
CY2016Q3 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
0
CY2016Q3 us-gaap Professional Fees
ProfessionalFees
15549000
CY2016Q3 us-gaap Profit Loss
ProfitLoss
74266000
CY2016Q3 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
6126000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
59728000
us-gaap Operating Expenses
OperatingExpenses
665460000
us-gaap Net Income Loss
NetIncomeLoss
38371000
CY2016Q3 bgcp Allocation Of Net Income And Grant Of Exchangeability To Limited Partnership Units And Founding Working Partner Units
AllocationOfNetIncomeAndGrantOfExchangeabilityToLimitedPartnershipUnitsAndFoundingWorkingPartnerUnits
58771000
CY2016Q3 bgcp Foreign Exchange Brokerage Revenue
ForeignExchangeBrokerageRevenue
73191000
CY2016Q3 bgcp Incremental Common Shares Attributable To Limited Partnership Interests
IncrementalCommonSharesAttributableToLimitedPartnershipInterests
147222000 shares
CY2016Q3 bgcp Equities And Other Brokerage Revenue
EquitiesAndOtherBrokerageRevenue
39076000
CY2016Q3 bgcp Compensation And Employee Benefit Net
CompensationAndEmployeeBenefitNet
474468000
CY2016Q3 bgcp Real Estate Brokerage Revenue
RealEstateBrokerageRevenue
94555000
CY2016Q3 bgcp Credit Revenue
CreditRevenue
67221000
CY2016Q3 bgcp Incremental Common Shares Attributable To Other Instruments
IncrementalCommonSharesAttributableToOtherInstruments
1394000 shares
CY2016Q3 bgcp Average Redemption Price Per Unit
AverageRedemptionPricePerUnit
8.90
CY2016Q3 bgcp Gain Loss On Divestiture And Or Sale Of Investment
GainLossOnDivestitureAndOrSaleOfInvestment
7044000
CY2016Q3 bgcp Number Of Units Redeemed
NumberOfUnitsRedeemed
2444069 shares
CY2016Q3 bgcp Data Software And Posttrade Revenue
DataSoftwareAndPosttradeRevenue
11834000
CY2016Q3 bgcp Trading Securities Realized And Unrealized Gain Loss
TradingSecuritiesRealizedAndUnrealizedGainLoss
6100000
CY2016Q3 bgcp Allocation Of Income Loss To Limited Partnership Interest Diluted
AllocationOfIncomeLossToLimitedPartnershipInterestDiluted
30986000
CY2016Q3 bgcp Business Combination Cash Returned
BusinessCombinationCashReturned
1000000
CY2016Q3 bgcp Business Combination Proceeds From Reduction
BusinessCombinationProceedsFromReduction
18300000
CY2016Q3 bgcp Business Combination Earnout Payment Reduced
BusinessCombinationEarnoutPaymentReduced
17300000
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
2650000
us-gaap Floor Brokerage Exchange And Clearance Fees
FloorBrokerageExchangeAndClearanceFees
8865000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10100000 shares
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.14
us-gaap Distribution Made To Limited Partner Cash Distributions Declared
DistributionMadeToLimitedPartnerCashDistributionsDeclared
16300000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.14
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
28681000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7600000
us-gaap Brokerage Commissions Revenue
BrokerageCommissionsRevenue
521264000
us-gaap Communication
Communication
31503000
us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
100000
us-gaap Cost Of Services Direct Labor
CostOfServicesDirectLabor
435932000
us-gaap Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
1100000
us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
6300000
us-gaap Revenues
Revenues
685295000
us-gaap Management Fees Revenue
ManagementFeesRevenue
48867000
us-gaap Principal Transactions Revenue
PrincipalTransactionsRevenue
73841000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
63487000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
16214000
us-gaap Other Income
OtherIncome
4203000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
83322000
us-gaap Interest Expense
InterestExpense
16944000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-8101000
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-2607000
us-gaap Occupancy Net
OccupancyNet
51300000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
15196000
us-gaap Gain Loss On Sale Of Equity Investments
GainLossOnSaleOfEquityInvestments
1000000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
58538000
us-gaap Noninterest Expense
NoninterestExpense
648516000
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
2321000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
38371000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-10708000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
666000 shares
us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
143680000
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
23370000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1042000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
28737000
us-gaap Other Expenses
OtherExpenses
26802000
us-gaap Interest Income Operating
InterestIncomeOperating
1387000
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
4876000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
43877000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
394026000 shares
us-gaap Revenues Excluding Interest And Dividends
RevenuesExcludingInterestAndDividends
683908000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
252354000 shares
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
0
us-gaap Professional Fees
ProfessionalFees
15201000
us-gaap Sales Revenue From Energy Commodities And Services
SalesRevenueFromEnergyCommoditiesAndServices
54879000
us-gaap Profit Loss
ProfitLoss
54585000
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
6609000
us-gaap Trading Securities Realized Gain Loss
TradingSecuritiesRealizedGainLoss
4400000
bgcp Rates Revenue
RatesRevenue
113630000
bgcp Allocation Of Net Income And Grant Of Exchangeability To Limited Partnership Units And Founding Working Partner Units
AllocationOfNetIncomeAndGrantOfExchangeabilityToLimitedPartnershipUnitsAndFoundingWorkingPartnerUnits
50667000
bgcp Foreign Exchange Brokerage Revenue
ForeignExchangeBrokerageRevenue
87999000
bgcp Incremental Common Shares Attributable To Limited Partnership Interests
IncrementalCommonSharesAttributableToLimitedPartnershipInterests
123221000 shares
bgcp Equities And Other Brokerage Revenue
EquitiesAndOtherBrokerageRevenue
46314000
bgcp Compensation And Employee Benefit Net
CompensationAndEmployeeBenefitNet
486599000
bgcp Real Estate Brokerage Revenue
RealEstateBrokerageRevenue
81088000
bgcp Credit Revenue
CreditRevenue
67515000
bgcp Incremental Common Shares Attributable To Other Instruments
IncrementalCommonSharesAttributableToOtherInstruments
17785000 shares
bgcp Gain Loss On Divestiture And Or Sale Of Investment
GainLossOnDivestitureAndOrSaleOfInvestment
2717000
bgcp Data Software And Posttrade Revenue
DataSoftwareAndPosttradeRevenue
29124000
bgcp Allocation Of Income Loss To Limited Partnership Interest Diluted
AllocationOfIncomeLossToLimitedPartnershipInterestDiluted
17846000

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