Interactive Brokers Group Inc
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
IBKR$77.59+0.0%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
Group, Inc. and Subsidiaries
| Year-Ended December 31, | |||
|---|---|---|---|
| (in millions) | 2024 | 2023 | 2022 |
| Cash flows from operating activities | |||
| Net income | $3,407 | $2,812 | $1,842 |
| Adjustments to reconcile net income to net cash from operating activities | |||
| Deferred income taxes | (2) | 30 | 20 |
| Depreciation and amortization | 67 | 65 | 58 |
| Amortization of right-of-use assets | 29 | 29 | 26 |
| Employee stock plan compensation | 112 | 100 | 92 |
| Unrealized (gains) losses on other investments, net | (12) | (14) | 8 |
| (Gain) loss on remeasurement of Tax Receivable Agreement liability | 10 | (7) | (6) |
| Bad debt expense | 15 | 7 | 3 |
| Impairment loss | — | — | 1 |
| Shares distributed to customers under IBKR Promotions | 23 | 12 | 9 |
| Change in operating assets and liabilities | |||
| Securities - segregated for regulatory purposes | 7,540 | (3,605) | (16,660) |
| Securities borrowed | 466 | (1,086) | (837) |
| Securities purchased under agreements to resell | (1,071) | 525 | (1,649) |
| Financial instruments owned, at fair value | (434) | (1,033) | 189 |
| Receivables from customers | (19,975) | (5,719) | 16,172 |
| Other receivables | (624) | 1,792 | 88 |
| Other assets | (203) | (103) | 35 |
| Securities loaned | 4,901 | 2,407 | (2,829) |
| Financial instruments sold, but not yet purchased, at fair value | 100 | 47 | (36) |
| Payable to customers | 14,331 | 7,817 | 7,561 |
| Other payables | 44 | 468 | (119) |
| Net cash provided by operating activities | 8,724 | 4,544 | 3,968 |
| Cash flows from investing activities | |||
| Purchases of other investments | (40) | (26) | (5) |
| Distributions received and proceeds from sales of other investments | 45 | 23 | 7 |
| Purchase of property, equipment and intangible assets | (49) | (49) | (69) |
| Net cash used in investing activities | (44) | (52) | (67) |
| Cash flows from financing activities | |||
| Short-term borrowings, net | (3) | (1) | (9) |
| Dividends paid to stockholders | (92) | (42) | (40) |
| Distributions to noncontrolling interests | (715) | (556) | (404) |
| Repurchases of common stock for employee tax withholdings | (54) | (34) | (20) |
| Proceeds from the sale of treasury stock | 56 | 34 | 23 |
| Payments made under the Tax Receivable Agreement | (25) | (25) | (20) |
| Net cash used in financing activities | (833) | (624) | (470) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (207) | 122 | (111) |
| Net increase in cash, cash equivalents and restricted cash | 7,640 | 3,990 | 3,320 |
| Cash, cash equivalents and restricted cash at beginning of period | 32,593 | 28,603 | 25,283 |
| Cash, cash equivalents and restricted cash at end of period | $40,233 | $32,593 | $28,603 |
| Cash, cash equivalents and restricted cash | |||
| Cash and cash equivalents | 3,633 | 3,753 | 3,436 |
| Cash segregated for regulatory purposes | 36,600 | 28,840 | 25,167 |
| Cash, cash equivalents and restricted cash at end of period | $40,233 | $32,593 | $28,603 |
| Supplemental disclosures of cash flow information | |||
| Cash paid for interest | $4,190 | $3,317 | $833 |
| Cash paid for taxes, net | $279 | $228 | $148 |
| Cash paid for amounts included in lease liabilities | $39 | $35 | $32 |
| Non-cash financing activities | |||
| Issuance of common stock in exchange of member interests in IBG LLC | $39 | $229 | $192 |
| Redemption of member interests from IBG Holdings LLC | $(39) | $(229) | $(192) |
| Adjustments to additional paid-in capital for changes in proportionate ownership in IBG LLC | $41 | $33 | $27 |
| Adjustments to noncontrolling interests for changes in proportionate ownership in IBG LLC | $(41) | $(33) | $(27) |
| Non-cash distributions to noncontrolling interests | $— | $— | $(1) |
Consolidated Statements of Ch
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