XML 22 R5.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 2,812 $ 1,842 $ 1,636
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Deferred income taxes 30 20 23
Depreciation and amortization 65 58 50
Amortization of right-of-use assets 29 26 24
Employee stock plan compensation 100 92 80
Unrealized (gains) losses on other investments, net (14) 8 9
Gain on remeasurement of Tax Receivable Agreement liability (7) (6) (1)
Bad debt expense 7 3 3
Impairment loss   1  
Shares distributed to customers under IBKR Promotions 12 9 9
Change in operating assets and liabilities:      
Securities - segregated for regulatory purposes (3,605) (16,660) 12,700
Securities borrowed (1,086) (837) 1,044
Securities purchased under agreements to resell 525 (1,649) (3,588)
Financial instruments owned, at fair value (1,033) 189 (32)
Receivables from customers (5,719) 16,172 (15,605)
Other receivables 1,792 88 (2,540)
Other assets (103) 35 (198)
Securities loaned 2,407 (2,829) 1,931
Financial instruments sold but not yet purchased, at fair value 47 (36) 29
Payable to customers 7,817 7,561 9,754
Other payables 468 (119) 568
Net cash provided by operating activities 4,544 3,968 5,896
Cash flows from investing activities:      
Purchases of other investments (26) (5) (116)
Distributions received and proceeds from sales of other investments 23 7 5
Purchase of property, equipment and intangible assets (49) (69) (77)
Net cash used in investing activities (52) (67) (188)
Cash flows from financing activities:      
Short-term borrowings, net (1) (9) 4
Dividends paid to stockholders (42) (40) (38)
Distributions to noncontrolling interests (556) (404) (374)
Repurchases of common stock for employee tax withholdings (34) (20) (27)
Proceeds from sales of treasury stock 34 23 26
Issuance of senior notes 0 0 1,428
Redemptions of senior notes     (1,524)
Payments made under the Tax Receivable Agreement (25) (20) (18)
Net cash used in financing activities (624) (470) (523)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 122 (111) (97)
Net increase in cash, cash equivalents and restricted cash 3,990 3,320 5,088
Cash, cash equivalents and restricted cash at beginning of period 28,603 25,283 20,195
Cash, cash equivalents and restricted cash at end of period 32,593 28,603 25,283
Cash, cash equivalents and restricted cash      
Cash and cash equivalents 3,753 3,436 2,395
Cash segregated for regulatory purposes 28,840 25,167 22,888
Cash, cash equivalents and restricted cash 32,593 28,603 25,283
Supplemental disclosures of cash flow information:      
Cash paid for interest 3,317 833 222
Cash paid for taxes, net 228 148 114
Cash paid for amounts included in lease liabilities 35 32 24
Non-cash financing activities:      
Issuance of common stock in exchange of member interests in IBG LLC 229 192 376
Redemption of member interests from IBG Holdings LLC (229) (192) (376)
Adjustments to additional paid-in capital for changes in proportionate ownership in IBG LLC 33 27 25
Adjustments to noncontrolling interests for changes in proportionate ownership in IBG LLC $ (33) (27) (25)
Non-cash distribution to noncontrolling interests   $ (1) $ (3)