XML 17 R7.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Changes in Equity - USD ($)
$ in Thousands
Total
Smith Mack
Class B Common Stock
Common Stock
Class A Common Stock
Common Stock
Class A Common Stock
Smith Mack
Common Stock
Class B Common Stock
Additional Paid-in Capital
Additional Paid-in Capital
Smith Mack
Additional Paid-in Capital
Class B Common Stock
Treasury Stock
Retained Deficit
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interest in Subsidiaries
Noncontrolling Interest in Subsidiaries
Smith Mack
Noncontrolling Interest in Subsidiaries
Class B Common Stock
Beginning balance at Dec. 31, 2021 $ 663,315     $ 4,359   $ 459 $ 2,451,135     $ (623,734) $ (1,171,919) $ (40,548) $ 43,563    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Consolidated net income (loss) 55,269                   46,496   8,773    
Other comprehensive income (loss), net of tax (14,763)                     (12,535) (2,228)    
Equity-based compensation 11,964     30     9,081           2,853    
Dividends to common stockholders and participating RSU holders (11,143)                   (11,143)        
Earnings distributions to limited partnership interests and other noncontrolling interests (2,950)                       (2,950)    
Grant of exchangeability and redemption of limited partnership interests 82,939     237     61,849           20,853    
Issuance of common stock 3,632 $ 2,710   5 $ 12   3,616 $ 2,279         11 $ 419  
Redemption of FPUs (204)                       (204)    
Repurchase of Class A common stock (79,295)                 (66,747)     (12,548)    
Forfeiture of Class A common stock (188)           (6)     (152)     (30)    
Contributions of capital to and from Cantor for equity-based compensation (504)           (370)           (134)    
Cantor purchase of Cantor units from BGC Holdings upon redemption of FPUs 947                       947    
Other (385)           (385)                
Ending balance at Sep. 30, 2022 $ 711,344     4,643   459 2,527,199     (690,633) (1,136,566) (53,083) 59,325    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Dividends declared per share of common stock (in dollars per share) $ 0.03                            
Dividends declared and paid per share of common stock (in dollars per share) $ 0.03                            
Beginning balance at Jun. 30, 2022 $ 730,693     4,518   459 2,499,393     (648,500) (1,138,628) (46,456) 59,907    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Consolidated net income (loss) 8,225                   5,762   2,463    
Other comprehensive income (loss), net of tax (7,744)                     (6,627) (1,117)    
Equity-based compensation 3,975     4     3,034           937    
Dividends to common stockholders and participating RSU holders (3,700)                   (3,700)        
Earnings distributions to limited partnership interests and other noncontrolling interests (3,091)                       (3,091)    
Grant of exchangeability and redemption of limited partnership interests 32,174     120     24,026           8,028    
Issuance of common stock 154     1     149           4    
Redemption of FPUs (59)                       (59)    
Repurchase of Class A common stock (49,908)                 (41,994)     (7,914)    
Forfeiture of Class A common stock (171)           (5)     (139)     (27)    
Contributions of capital to and from Cantor for equity-based compensation 818           624           194    
Other (22)           (22)                
Ending balance at Sep. 30, 2022 $ 711,344     4,643   459 2,527,199     (690,633) (1,136,566) (53,083) 59,325    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Dividends declared per share of common stock (in dollars per share) $ 0.01                            
Dividends declared and paid per share of common stock (in dollars per share) $ 0.01                            
Beginning balance at Dec. 31, 2022 $ 733,208     4,719   459 2,559,418     (711,454) (1,138,066) (45,431) 63,563    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Consolidated net income (loss) 17,512                   16,320   1,192    
Other comprehensive income (loss), net of tax 129                     (388) 517    
Equity-based compensation 67,789     78     65,932     13     1,766    
Dividends to common stockholders and participating RSU holders (12,458)                   (12,458)        
Earnings distributions to limited partnership interests and other noncontrolling interests (12,294)                       (12,294)    
Grant of exchangeability and redemption of limited partnership interests 113,201 $ 7,275   291 $ 55   86,505 $ 6,843         26,405 $ 377  
Issuance of common stock 527     2     511           14    
Redemption of FPUs (547)                       (547)    
Repurchase of Class A common stock (88,147)                 (81,456)     (6,691)    
Forfeiture of Class A common stock (796)           84     (769)     (111)    
Contributions of capital to and from Cantor for equity-based compensation 2,437           2,321           116    
Cantor purchase of Cantor units from BGC Holdings upon redemption of FPUs 11,539                       11,539    
Redemption of FPUs and issuance of RSUs due to the Corporate Conversion 14,506           12,410           2,096    
Cantor units converted into shares of BGC Group Class B common stock due to the Corporate Conversion, 63,974,374 shares     $ 0     640     $ 75,788           $ (76,428)
Restricted stock awards granted upon conversion of limited partnership interests due to the Corporate Conversion, 38,610,233 shares 0     386     (386)                
Conversion of Class B Common Stock to Class A Common Stock, 405,801 shares 0     4   (4)                  
Cancellation of BGC Partners Inc. Treasury Stock due to Corporate Conversion, 156,386,616 shares 0     (1,563)     (751,768)     753,331          
Other 1,778           1,778                
Ending balance at Sep. 30, 2023 $ 855,659     3,972   1,095 2,059,436     (40,335) (1,134,204) (45,819) 11,514    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Dividends declared per share of common stock (in dollars per share) $ 0.03                            
Dividends declared and paid per share of common stock (in dollars per share) $ 0.03                            
Beginning balance at Jun. 30, 2023 $ 819,147     5,086   459 2,667,812     (753,331) (1,146,350) (41,128) 86,599    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Consolidated net income (loss) 18,552                   17,046   1,506    
Other comprehensive income (loss), net of tax (4,854)                     (4,691) (163)    
Equity-based compensation 60,256     55     60,191     10          
Dividends to common stockholders and participating RSU holders (4,900)                   (4,900)        
Issuance of common stock 170           170                
Repurchase of Class A common stock (40,345)                 (40,345)          
Contributions of capital to and from Cantor for equity-based compensation 1,931           1,931                
Issuance of Class A common stock and RSUs for acquisitions, 413,884 shares 4,514     4     4,510                
Cantor units converted into shares of BGC Group Class B common stock due to the Corporate Conversion, 63,974,374 shares     $ 0     640     $ 75,788           $ (76,428)
Restricted stock awards granted upon conversion of limited partnership interests due to the Corporate Conversion, 38,610,233 shares 0     386     (386)                
Conversion of Class B Common Stock to Class A Common Stock, 405,801 shares 0     4   (4)                  
Cancellation of BGC Partners Inc. Treasury Stock due to Corporate Conversion, 156,386,616 shares 0     (1,563)     (751,768)     753,331          
Other 1,188           1,188                
Ending balance at Sep. 30, 2023 $ 855,659     $ 3,972   $ 1,095 $ 2,059,436     $ (40,335) $ (1,134,204) $ (45,819) $ 11,514    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Dividends declared per share of common stock (in dollars per share) $ 0.01                            
Dividends declared and paid per share of common stock (in dollars per share) $ 0.01