For the year ending 2025-12-31, BGC had $140,400K increase in cash & cash equivalents over the period. $372,865K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Consolidated net income (loss) | 146,539 |
| Fixed asset depreciation and intangible asset amortization | 103,309 |
| Employee loan amortization and reserves on employee loans | 140,314 |
| Equity-based compensation and allocations of net income to limited partnership units and fpus | 329,588 |
| Deferred compensation expense | 762 |
| Losses (gains) on equity method investments | -8,328 |
| Unrealized/realized losses (gains) on financial instruments owned, at fair value and other investments | 7,838 |
| Amortization of discount (premium) on notes payable | 4,830 |
| Impairment of fixed assets, intangible assets and investments | 2,793 |
| Deferred tax provision (benefit) | -15,039 |
| Change in estimated acquisition earn-out payables | 4,977 |
| Forfeitures of class a common stock | 528 |
| Loss (gain) on divestiture | 66,718 |
| Other | 2,395 |
| Consolidated net income (loss), adjusted for non-cash and non-operating items | 637,056 |
| Financial instruments owned, at fair value | -60,481 |
| Receivables from broker-dealers, clearing organizations, customers and related broker-dealers | 97,508 |
| Accrued commissions receivable, net | 65,808 |
| Loans, forgivable loans and other receivables from employees and partners, net | 153,833 |
| Receivables from related parties | -541 |
| Other assets | 44,234 |
| Accrued compensation | 43,254 |
| Payables to broker-dealers, clearing organizations, customers and related broker-dealers | 80,939 |
| Payables to related parties | -361 |
| Accounts payable, accrued and other liabilities | -66,174 |
| Net cash provided by (used in) operating activities | 394,353 |
| Proceeds from disposal of subsidiary | 77,877 |
| Purchases of fixed assets | 21,488 |
| Capitalization of software development costs | 44,546 |
| Purchase of equity method investments | 750 |
| Proceeds from equity method investments | 8,936 |
| Payments for acquisitions, net of cash acquired | 280,712 |
| Purchase of investment carried under measurement alternative | 21,009 |
| Loan to related parties | 120,000 |
| Proceeds from repayment of related parties loan | 120,000 |
| Purchase of other assets | 953 |
| Net cash provided by (used in) investing activities | -282,645 |
| Repayments of long-term debt borrowings | 1,005,000 |
| Issuance of long-term debt, net of deferred issuance costs | 1,437,741 |
| Repayment of short-term borrowings-Related Party | 0 |
| Issuance of short term borrowings from related parties-Related Party | 20,000 |
| Earnings distributions to limited partnership interests and other noncontrolling interests | 470 |
| Redemption and repurchase of equity awards | 109,154 |
| Dividends to stockholders | 38,994 |
| Repurchase of class a common stock | 281,514 |
| Proceeds from sale of cantor units in bgc holdings | 0 |
| Repayment of short-term borrowings-Nonrelated Party | 0 |
| Proceeds from noncontrolling interests | 0 |
| Payments on acquisition earn-outs | 1,378 |
| Other | 0 |
| Net cash provided by (used in) financing activities | 21,231 |
| Effect of exchange rate changes on cash and cash equivalents, and cash segregated under regulatory requirements | 7,461 |
| Net increase (decrease) in cash and cash equivalents, and cash segregated under regulatory requirements including cash and cash segregated under regulatory requirements | 140,400 |
| Cash and cash equivalents, and cash segregated under regulatory requirements at beginning of period | 733,273 |
| Cash and cash equivalents, and cash segregated under regulatory requirements at end of period | 873,673 |
BGC Group, Inc. (BGC)
BGC Group, Inc. (BGC)