XML 16 R5.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income $ 1,298 $ 799
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Deferred income taxes 18 12
Depreciation and amortization 37 31
Amortization of right-of-use assets 17 14
Employee stock plan compensation 51 46
Unrealized gain on other investments, net (45) (8)
(Gain) loss on remeasurement of Tax Receivable Agreement liability (1)  
Bad debt expense 3 13
Shares distributed to customers under IBKR Promotions 6  
Impairment loss   13
Change in operating assets and liabilities:    
Securities - segregated for regulatory purposes 13,421 (11,492)
Securities borrowed 1,145 (79)
Securities purchased under agreements to resell (5,316) 1,710
Financial instruments owned, at fair value (20) 1,456
Receivables from customers (11,173) 948
Other receivables (2,793) (1,801)
Other assets (19) (4)
Securities loaned 697 1,328
Securities sold under agreements to repurchase   (1,909)
Financial instruments sold but not yet purchased, at fair value 80 (270)
Payable to customers 8,205 12,582
Other payables 660 83
Net cash provided by operating activities 6,271 3,472
Cash flows from investing activities:    
Purchases of other investments (13) (2)
Distributions received and proceeds from sales of other investments 5 5
Purchase of property, equipment and intangible assets (51) (31)
Net cash used in investing activities (59) (28)
Cash flows from financing activities:    
Short-term borrowings, net 6 612
Dividends paid to stockholders (28) (23)
Distributions from IBG LLC to noncontrolling interests (230) (247)
Repurchases of common stock for employee tax withholding under stock incentive plans (27) (17)
Proceeds from sales of treasury stock 26 18
Issuance of senior notes 1,428  
Redemptions of senior notes (1,524)  
Payments made under the Tax Receivable Agreement   (17)
Net cash provided by (used in) financing activities (349) 326
Effect of exchange rate changes on cash, cash equivalents and restricted cash (95) 29
Net increase in cash, cash equivalents and restricted cash 5,768 3,799
Cash, cash equivalents and restricted cash at beginning of period 20,195 12,282
Cash, cash equivalents and restricted cash at end of period 25,963 16,081
Cash, cash equivalents and restricted cash    
Cash and cash equivalents 2,838 3,292
Cash segregated for regulatory purposes 23,125 12,789
Cash, cash equivalents and restricted cash 25,963 16,081
Supplemental disclosures of cash flow information:    
Cash paid for interest 165 232
Cash paid for taxes, net 87 43
Cash paid for amounts included in lease liabilities 18 16
Non-cash financing activities:    
Issuance of common stock in exchange of member interests in IBG LLC 376 52
Redemption of member interests from IBG Holdings LLC (376) (52)
Adjustments to additional paid-in capital for changes in proportionate ownership in IBG LLC 24 21
Adjustments to noncontrolling interests for changes in proportionate ownership in IBG LLC $ (24) $ (21)