BGC: the cash flow

Cash Flow Overview

Change in Cash

-$16,536K

Free Cash flow

$156,718K

Unit: Thousand (K) dollars

Positive Cash Flow Breakdown

Negative Cash Flow Breakdown

Cash Flow

2026-06-30

2026-03-31

2025-12-31

2025-09-30

Consolidated net income (loss)

68,837

83,464

10,833

26,062

Fixed asset depreciation and intangible asset amortization

25,625

25,756

28,119

27,441

Employee loan amortization and reserves on employee loans

22,827

22,475

79,233

24,873

Equity-based compensation and allocations of net income to limited partnership units and fpus

74,447

Equity-based compensation and allocations of net income to limited partnership units

75,557

83,441

329,588

Deferred compensation expense

572

775

233

243

Losses (gains) on equity method investments

-5,727

-4,585

-1,301

-7,027

Unrealized/realized losses (gains) on financial instruments owned, at fair value and other investments

505

2,641

7,218

-155

Amortization of discount (premium) on notes payable

1,207

1,248

856

1,441

Impairment of fixed assets, intangible assets and investments

1,119

101

1,125

Deferred tax provision (benefit)

-984

1,707

-19,194

1,516

Change in estimated acquisition earn-out payables

460

1,169

685

429

Forfeitures of class a common stock

347

376

Loss (gain) on divestiture

66,718

Losses (gains) on divestitures

20,000

Other

-104

2,395

Consolidated net income (loss), adjusted for non-cash and non-operating items

168,641

212,711

124,564

512,492

Financial instruments owned, at fair value

-3,008

-31,768

-21,568

9,915

Receivables from broker-dealers, clearing organizations, customers and related broker-dealers

-113,370

1,364,336

-1,430,950

948,031

Accrued commissions receivable, net

-21,709

131,305

-41,301

-184

Loans, forgivable loans and other receivables from employees and partners, net

49,149

53,305

10,036

30,572

Receivables from related parties

607

-206

-4,078

-1,310

Other assets

11,878

-11,852

-51,805

47,829

Repurchase agreements

Accrued compensation

-15,946

-14,200

54,480

-6,365

Payables to broker-dealers, clearing organizations, customers and related broker-dealers

-130,521

1,328,119

-1,409,101

938,262

Payables to related parties

13,943

3,735

26,858

906

Accounts payable, accrued and other liabilities

49,030

-5,054

-156,052

89,528

Net cash provided by (used in) operating activities

161,600

20,191

180,415

141,860

Proceeds from disposal of subsidiary

77,877

Purchases of fixed assets

4,882

4,821

5,293

4,672

Capitalization of software development costs

8,135

9,942

12,471

13,696

Purchase of equity method investments

Proceeds from equity method investments

1,994

7,817

Payments for acquisitions, net of cash acquired

1,614

15,717

Purchase of investment carried under measurement alternative

3,474

21,009

Loan to related parties

Proceeds from repayment of related parties loan

Purchase of other assets

125

175

104

Net cash provided by (used in) investing activities

-11,148

-18,237

37,315

-26,372

Issuance of long-term debt, net of deferred issuance costs

70,695

239,979

1,197,762

Repayments of long-term debt borrowings

75,000

300,000

85,000

Issuance of short term borrowings from related parties-Related Party

20,000

Repayment of short-term borrowings from related parties

20,000

Earnings distributions to limited partnership interests and other noncontrolling interests

Redemption and repurchase of equity awards

23,801

23,332

Payments for tax obligations related to equity awards

40,959

39,652

Dividends to stockholders

9,656

9,722

9,654

9,776

Repurchase of class a common stock

112,447

2,259

67,965

41,914

Proceeds from sale of cantor units in bgc holdings

Repayment of short-term borrowings-Nonrelated Party

Proceeds from noncontrolling interests

Payments on acquisition earn-outs

639

603

Other

Net cash provided by (used in) financing activities

-167,367

-72,272

-142,044

-160,022

Effect of exchange rate changes on cash and cash equivalents, and cash segregated under regulatory requirements

379

-251

-1,209

1,651

Net increase (decrease) in cash and cash equivalents, and cash segregated under regulatory requirements

-16,536

-70,569

74,477

-42,883

Cash and cash equivalents, and cash segregated under regulatory requirements at beginning of period

803,104

873,673

799,196

733,273

Cash and cash equivalents, and cash segregated under regulatory requirements at end of period

786,568

803,104

873,673

799,196

Time Plot

Show the time plot by selecting a row from the table.

Cash Flow Overview

Change in Cash

-$16,536K

Free Cash flow

$156,718K

Unit: Thousand (K) dollars

Positive Cash Flow Breakdown

Negative Cash Flow Breakdown

Cash Flow

2026-06-30

2026-03-31

2025-12-31

2025-09-30

Consolidated net income (loss)

68,837

83,464

10,833

26,062

Fixed asset depreciation and intangible asset amortization

25,625

25,756

28,119

27,441

Employee loan amortization and reserves on employee loans

22,827

22,475

79,233

24,873

Equity-based compensation and allocations of net income to limited partnership units and fpus

74,447

Equity-based compensation and allocations of net income to limited partnership units

75,557

83,441

329,588

Deferred compensation expense

572

775

233

243

Losses (gains) on equity method investments

-5,727

-4,585

-1,301

-7,027

Unrealized/realized losses (gains) on financial instruments owned, at fair value and other investments

505

2,641

7,218

-155

Amortization of discount (premium) on notes payable

1,207

1,248

856

1,441

Impairment of fixed assets, intangible assets and investments

1,119

101

1,125

Deferred tax provision (benefit)

-984

1,707

-19,194

1,516

Change in estimated acquisition earn-out payables

460

1,169

685

429

Forfeitures of class a common stock

347

376

Loss (gain) on divestiture

66,718

Losses (gains) on divestitures

20,000

Other

-104

2,395

Consolidated net income (loss), adjusted for non-cash and non-operating items

168,641

212,711

124,564

512,492

Financial instruments owned, at fair value

-3,008

-31,768

-21,568

9,915

Receivables from broker-dealers, clearing organizations, customers and related broker-dealers

-113,370

1,364,336

-1,430,950

948,031

Accrued commissions receivable, net

-21,709

131,305

-41,301

-184

Loans, forgivable loans and other receivables from employees and partners, net

49,149

53,305

10,036

30,572

Receivables from related parties

607

-206

-4,078

-1,310

Other assets

11,878

-11,852

-51,805

47,829

Repurchase agreements

Accrued compensation

-15,946

-14,200

54,480

-6,365

Payables to broker-dealers, clearing organizations, customers and related broker-dealers

-130,521

1,328,119

-1,409,101

938,262

Payables to related parties

13,943

3,735

26,858

906

Accounts payable, accrued and other liabilities

49,030

-5,054

-156,052

89,528

Net cash provided by (used in) operating activities

161,600

20,191

180,415

141,860

Proceeds from disposal of subsidiary

77,877

Purchases of fixed assets

4,882

4,821

5,293

4,672

Capitalization of software development costs

8,135

9,942

12,471

13,696

Purchase of equity method investments

Proceeds from equity method investments

1,994

7,817

Payments for acquisitions, net of cash acquired

1,614

15,717

Purchase of investment carried under measurement alternative

3,474

21,009

Loan to related parties

Proceeds from repayment of related parties loan

Purchase of other assets

125

175

104

Net cash provided by (used in) investing activities

-11,148

-18,237

37,315

-26,372

Issuance of long-term debt, net of deferred issuance costs

70,695

239,979

1,197,762

Repayments of long-term debt borrowings

75,000

300,000

85,000

Issuance of short term borrowings from related parties-Related Party

20,000

Repayment of short-term borrowings from related parties

20,000

Earnings distributions to limited partnership interests and other noncontrolling interests

Redemption and repurchase of equity awards

23,801

23,332

Payments for tax obligations related to equity awards

40,959

39,652

Dividends to stockholders

9,656

9,722

9,654

9,776

Repurchase of class a common stock

112,447

2,259

67,965

41,914

Proceeds from sale of cantor units in bgc holdings

Repayment of short-term borrowings-Nonrelated Party

Proceeds from noncontrolling interests

Payments on acquisition earn-outs

639

603

Other

Net cash provided by (used in) financing activities

-167,367

-72,272

-142,044

-160,022

Effect of exchange rate changes on cash and cash equivalents, and cash segregated under regulatory requirements

379

-251

-1,209

1,651

Net increase (decrease) in cash and cash equivalents, and cash segregated under regulatory requirements

-16,536

-70,569

74,477

-42,883

Cash and cash equivalents, and cash segregated under regulatory requirements at beginning of period

803,104

873,673

799,196

733,273

Cash and cash equivalents, and cash segregated under regulatory requirements at end of period

786,568

803,104

873,673

799,196

Time Plot

Show the time plot by selecting a row from the table.