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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Consolidated net income (loss) $ 47,044 $ 78,636
Adjustments to reconcile consolidated net income (loss) to net cash provided by (used in) operating activities:    
Fixed asset depreciation and intangible asset amortization 37,154 43,327
Employee loan amortization and reserves on employee loans 24,387 34,687
Equity-based compensation and allocations of net income to limited partnership units and FPUs 104,009 91,785
Deferred compensation expense 62 289
Losses (gains) on equity method investments (5,532) (2,855)
Losses (gains) on marketable securities and other investments (1,810) 77
Amortization of discount (premium) on notes payable 1,396 1,967
Impairment of fixed assets, intangible assets and investments 5,226 3,272
Deferred tax provision (benefit) 653 (4,401)
Change in estimated acquisition earn-out payables (454) 1,940
Forfeitures of Class A common stock (17) (330)
Other 823 (1,934)
Consolidated net income (loss), adjusted for non-cash and non-operating items 212,941 246,460
Decrease (increase) in operating assets:    
Securities owned 2,319 9,730
Receivables from broker-dealers, clearing organizations, customers and related broker-dealers (1,576,645) (1,151,410)
Accrued commissions receivable, net (14,362) (160,613)
Loans, forgivable loans and other receivables from employees and partners, net (34,701) (12,400)
Receivables from related parties (3,652) 3,162
Other assets (9,878) (9,955)
Increase (decrease) in operating liabilities:    
Repurchase agreements 900 0
Accrued compensation (21,387) (16,973)
Payables to broker-dealers, clearing organizations, customers and related broker-dealers 1,516,012 1,126,168
Payables to related parties 36,331 43,480
Accounts payable, accrued and other liabilities (53,910) 120,697
Net cash provided by (used in) operating activities 53,968 198,346
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of fixed assets (3,444) (5,912)
Capitalization of software development costs (22,445) (23,895)
Purchase of equity method investments (466) (625)
Proceeds from equity method investments 1,534 5,318
Net cash provided by (used in) investing activities (24,821) (25,114)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments of long-term debt and collateralized borrowings (3,177) (263,102)
Issuance of long-term debt and collateralized borrowings, net of deferred issuance costs (33) 188,449
Earnings distributions to limited partnership interests and other noncontrolling interests (16,629) (34,714)
Redemption and repurchase of limited partnership interests (26,758) (39,240)
Dividends to stockholders (7,443) (7,626)
Repurchase of Class A common stock (26,408) (107,783)
Proceeds from sale of Cantor Units in BGC Holdings 947 5,145
Short term borrowings, net of repayments 0 1,999
Acquisition of Futures Exchange Group 0 3,845
Payments on acquisition earn-outs (4,384) (8,139)
Net cash provided by (used in) financing activities (83,885) (261,166)
Effect of exchange rate changes on Cash and cash equivalents and Cash segregated under regulatory requirements (2,920) 478
Net increase (decrease) in Cash and cash equivalents, and Cash segregated under regulatory requirements (57,658) (390,134)
Cash and cash equivalents and Cash segregated under regulatory requirements at beginning of period 566,799 853,406
Cash and cash equivalents and Cash segregated under regulatory requirements at end of period 509,141 463,272
Supplemental cash information:    
Cash paid during the period for taxes 23,089 21,334
Cash paid during the period for interest 26,419 35,352
Supplemental non-cash information:    
Issuance of Class A common stock upon exchange of limited partnership interests 12,779 132,907
Issuance of Class A and contingent Class A common stock and limited partnership interests for acquisitions 2,710 513
ROU assets and liabilities $ 15,693 $ 0