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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net income $ 510 $ 112
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Deferred income taxes 18 2
Depreciation and amortization 12 11
Employee stock plan compensation 22 24
Unrealized loss (gain) on other investments, net 7 (15)
Bad debt expense 3 138
Change in operating assets and liabilities:    
Decrease in Cash and securities - segregated for regulatory purposes (3,948) (1,345)
Increase in securities borrowed 164 826
Securities purchased under agreements to resell 82 238
Financial instruments owned, at fair value (869) 321
Receivables from customers 1,910 (2,089)
Other receivables (654) (87)
(Decrease) increase in other assets (4) 17
Increase (decrease) in securities loaned 376 (58)
Financial instruments sold but not yet purchased, at fair value 266 (378)
Payable to customers 2,235 2,041
(Decrease) increase in other payables (118) 143
Net cash provided by (used in) operating activities 12 (99)
Cash flows from investing activities:    
Purchases of other investments (6) (36)
Distributions received and proceeds from sales of other investments 38 39
Purchase of property and equipment (14) (20)
Net cash (used in) provided by investing activities 18 (17)
Cash flows from financing activities:    
Short-term borrowings, net 8 (25)
Dividends paid to stockholders (13) (12)
Distributions to noncontrolling interests (160) (69)
Excess tax benefit on stock incentive plans   1
Repurchases of common stock for employee tax withholding under stock incentive plans (26) (25)
Payments made under the Tax Receivable Agreement (17)  
Net cash used in financing activities (208) (130)
Effect of exchange rate changes on cash and cash equivalents 20 18
Net decrease in cash and cash equivalents (158) (228)
Cash and cash equivalents at beginning of period 1,601 1,269
Cash and cash equivalents at end of period 1,443 1,041
Supplemental disclosures of cash flow information:    
Cash paid for interest 35 32
Cash paid for taxes, net 6 17
Non-cash financing activities:    
Adjustments to additional paid-in capital for changes in proportionate ownership in IBG LLC 25 27
Adjustments to noncontrolling interests for changes in proportionate ownership in IBG LLC (25) $ (27)
Non-cash distribution to noncontrolling interests $ (5)