XML 88 R77.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Related Party Transactions - Other Agreements with Cantor (Details)
3 Months Ended
Mar. 12, 2024
USD ($)
Mar. 11, 2024
Jul. 01, 2023
shares
Aug. 06, 2018
USD ($)
Jun. 05, 2015
shares
Mar. 31, 2024
USD ($)
shares
Mar. 31, 2023
USD ($)
Dec. 31, 2023
USD ($)
Mar. 19, 2018
USD ($)
Aug. 31, 2013
USD ($)
Related Party Transaction [Line Items]                    
Reverse repurchase agreements           $ 0   $ 0    
Commissions           415,172,000 $ 377,288,000      
Limited partnership interest, conversion ratio         1          
Conversion of stock, shares converted (in shares) | shares     64,000,000              
Minimum number of shares required to be issued (in shares) | shares     75,000,000              
Interest expense           $ 20,136,000 15,742,000      
New Senior Revolving Credit Agreement | Unsecured Credit Agreement                    
Related Party Transaction [Line Items]                    
Average interest rate           7.19%        
Line of credit facility, outstanding amount           $ 0   239,200,000    
Class B Common Stock | Cantor                    
Related Party Transaction [Line Items]                    
Investment owned, balance (in shares) | shares           93,300,000        
Class B Common Stock | CFGM                    
Related Party Transaction [Line Items]                    
Investment owned, balance (in shares) | shares           3,000,000        
Class A Common Stock | Cantor                    
Related Party Transaction [Line Items]                    
Investment owned, balance (in shares) | shares           0        
Class A Common Stock | CFGM                    
Related Party Transaction [Line Items]                    
Investment owned, balance (in shares) | shares           0        
Related Party                    
Related Party Transaction [Line Items]                    
Repurchase agreements           $ 0   0    
Reverse repurchase agreements           0   0    
Recognition of share of FX gains           (100,000) 1,300,000      
Commissions           100,000 100,000      
Investment authorization in asset-backed commercial paper program                   $ 350,000,000
Right to exchange from Class A to Class B common stock (up to) (in shares) | shares         34,600,000          
Related Party | Revolving credit facility                    
Related Party Transaction [Line Items]                    
Interest expense           1,100,000 $ 0      
Related Party | Revolving credit facility | BGC Credit Agreement                    
Related Party Transaction [Line Items]                    
Principal amount of debt component                 $ 250,000,000  
Debt instrument, non-extension notice term       6 months            
Related Party | Revolving credit facility | Amendment to BGC Credit Agreement                    
Related Party Transaction [Line Items]                    
Principal amount of debt component       $ 400,000,000         $ 250,000,000  
Debt instrument, extended term       1 year            
Debt instrument, non-extension notice term       6 months            
Line of credit facility, current borrowing capacity               $ 0    
Proceeds from credit facility $ 275,000,000                  
Line of credit facility, outstanding amount $ 240,000,000         $ 275,000,000        
Related Party | Revolving credit facility | Amendment to BGC Credit Agreement | Unsecured Credit Agreement November Twenty Eight Two Thousand Eighteen, Loans Made Under Credit Agreement                    
Related Party Transaction [Line Items]                    
Debt instrument, basis spread on variable rate   0.25%                
Interest rate   6.92%       6.92%        
Related Party | New Senior Revolving Credit Agreement | BGC Credit Agreement | Unsecured Credit Agreement                    
Related Party Transaction [Line Items]                    
Interest rate   7.17%                
Related Party | Maximum                    
Related Party Transaction [Line Items]                    
Right to exchange from Class A to Class B common stock (up to) (in shares) | shares         34,600,000