v2.4.0.8
Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues:        
Trading gains $ 84,020 $ 59,106 $ 211,532 $ 78,100
Commissions and execution fees 124,351 138,092 260,992 257,630
Interest income 95,027 76,070 180,910 146,572
Other income 17,843 24,262 37,001 44,173
Total revenues 321,241 297,530 690,435 526,475
Interest expense 11,942 13,574 26,228 26,445
Total net revenues 309,299 283,956 664,207 500,030
Non-interest expenses:        
Execution and clearing 51,634 64,727 105,844 124,267
Employee compensation and benefits 53,589 58,018 107,075 104,336
Occupancy, depreciation and amortization 9,693 9,249 19,512 19,318
Communications 6,185 5,703 12,187 11,156
General and administrative 13,989 12,333 27,236 24,804
Total non-interest expenses 135,090 150,030 271,854 283,881
Income before income taxes 174,209 133,926 392,353 216,149
Income tax expense 13,451 13,890 30,401 20,825
Net income 160,758 120,036 361,952 195,324
Less net income attributable to noncontrolling interests 145,597 109,658 327,702 178,389
Net income available for common stockholders 15,161 10,378 34,250 16,935
Earnings per share:        
Basic $ 0.27 $ 0.21 $ 0.62 $ 0.35
Diluted $ 0.26 $ 0.21 $ 0.60 $ 0.35
Weighted average common shares outstanding:        
Weighted Average Number of Shares Outstanding, Basic 56,079,813 48,929,348 55,375,929 48,218,572
Weighted Average Number of Shares Outstanding, Diluted 57,300,230 49,012,567 56,674,666 48,354,098
Comprehensive income:        
Net income available for common stockholders 15,161 10,378 34,250 16,935
Other comprehensive income:        
Cumulative translation adjustment, before income taxes 1,539 (4,007) 2,030 (7,742)
Income taxes related to items of other comprehensive income 61 (403) 184 (396)
Other comprehensive income (loss), net of tax 1,478 (3,604) 1,846 (7,346)
Comprehensive income available for common stockholders 16,639 6,774 36,096 9,589
Comprehensive income attributable to noncontrolling interests:        
Net income attributable to noncontrolling interests 145,597 109,658 327,702 178,389
Other comprehensive income (loss) - cumulative translation adjustment 9,552 (27,994) 12,672 (55,615)
Comprehensive income attributable to noncontrolling interests $ 155,149 $ 81,664 $ 340,374 $ 122,774