XML 16 R5.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 1,604 $ 1,301
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Deferred income taxes 6 7
Depreciation and amortization 34 32
Amortization of right-of-use assets 14 14
Employee stock plan compensation 54 49
Unrealized (gains) losses on other investments, net (5) 7
Customer bad debt expense 7 2
Shares distributed to customers under IBKR Promotions 11 5
Change in operating assets and liabilities:    
Securities - segregated for regulatory purposes 7,068 (1,676)
Securities borrowed (383) (1,250)
Securities purchased under agreements to resell (707) (402)
Financial instruments owned, at fair value (277) (42)
Receivables from customers (10,787) (3,208)
Other receivables (295) 2,019
Other assets (104) (56)
Securities loaned 4,335 1,321
Financial instruments sold but not yet purchased, at fair value 280 11
Payable to customers 2,361 2,804
Other payables 88 258
Net cash provided by operating activities 3,304 1,196
Cash flows from investing activities:    
Purchases of other investments (4)  
Distributions received and proceeds from sales of other investments   23
Purchase of property, equipment and intangible assets (23) (32)
Net cash used in investing activities (27) (9)
Cash flows from financing activities:    
Short-term borrowings, net (6) (1)
Dividends paid to stockholders (38) (21)
Distributions to noncontrolling interests (404) (342)
Repurchases of common stock for employee tax withholdings (54) (34)
Proceeds from sales of treasury stock 57 34
Payments made under the Tax Receivable Agreement (25) (25)
Net cash used in financing activities (470) (389)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (112) 50
Net increase in cash, cash equivalents and restricted cash 2,695 848
Cash, cash equivalents and restricted cash at beginning of period 32,593 28,603
Cash, cash equivalents and restricted cash at end of period 35,288 29,451
Cash, cash equivalents and restricted cash    
Cash and cash equivalents 3,918 3,681
Cash segregated for regulatory purposes 31,370 25,770
Cash, cash equivalents and restricted cash 35,288 29,451
Supplemental disclosures of cash flow information:    
Cash paid for interest 2,040 1,484
Cash paid for taxes, net 152 125
Cash paid for amounts included in lease liabilities 20 17
Non-cash financing activities:    
Adjustments to additional paid-in capital for changes in proportionate ownership in IBG LLC 38 32
Adjustments to noncontrolling interests for changes in proportionate ownership in IBG LLC $ (38) $ (32)