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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Consolidated net income (loss) $ 99,929 $ 17,512
Adjustments to reconcile consolidated net income (loss) to net cash provided by (used in) operating activities:    
Fixed asset depreciation and intangible asset amortization 60,745 60,117
Employee loan amortization and reserves on employee loans 44,752 35,645
Equity-based compensation and allocations of net income to limited partnership units and FPUs 247,978 277,285
Deferred compensation expense 37 38
Losses (gains) on equity method investments (6,894) (6,568)
Unrealized/realized losses (gains) on financial instruments owned, at fair value and other investments (38,769) 914
Amortization of discount (premium) on notes payable 386 2,708
Impairment of fixed assets, intangible assets and investments 451 3,013
Deferred tax provision (benefit) (3,087) (22,678)
Change in estimated acquisition earn-out payables 499 723
Forfeitures of Class A common stock (988) (796)
Other 3,162 0
Consolidated net income (loss), adjusted for non-cash and non-operating items 408,201 367,913
Decrease (increase) in operating assets:    
Financial instruments owned, at fair value (166,714) (5,562)
Receivables from broker-dealers, clearing organizations, customers and related broker-dealers (824,559) (614,776)
Accrued commissions receivable, net (55,288) (26,848)
Loans, forgivable loans and other receivables from employees and partners, net (49,098) (47,525)
Receivables from related parties (2,894) (4,570)
Other assets (24,954) 6,348
Increase (decrease) in operating liabilities:    
Repurchase agreements 1,962 0
Accrued compensation (23,317) (6,902)
Payables to broker-dealers, clearing organizations, customers and related broker-dealers 796,347 597,329
Payables to related parties (2,097) 9,243
Accounts payable, accrued and other liabilities 5,873 (42,949)
Net cash provided by (used in) operating activities 63,462 231,701
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of fixed assets (23,312) (9,101)
Capitalization of software development costs (31,412) (33,946)
Proceeds from equity method investments 1,815 9,467
Payments for acquisitions, net of cash acquired 0 (26,502)
Purchase of investment carried under measurement alternative (3,699) 0
Loan to related parties (180,000) 0
Repayment of loan to related parties 30,000 0
Purchase of other assets (498) (399)
Net cash provided by (used in) investing activities (207,106) (60,481)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of long-term debt borrowings, net of deferred issuance costs 769,493 755,212
Repayments of long-term debt borrowings (515,000) (623,251)
Issuance of short-term borrowings from related parties 275,000 0
Repayment of short-term borrowings from related parties (275,000) 0
Earnings distributions to limited partnership interests and other noncontrolling interests (7,805) (19,041)
Redemption and repurchase of equity awards (97,332) (102,494)
Dividends to stockholders (24,443) (12,267)
Repurchase of Class A common stock (212,192) (86,537)
Proceeds from sale of Cantor Units in BGC Holdings 0 11,539
Short term borrowings, net of repayments 0 (1,917)
Pre-acquisition cash capital contribution to Futures Exchange Group 0 (18,703)
Proceeds from non-controlling interests 171,667 0
Payments on acquisition earn-outs (1,000) 0
Other (26,667) 0
Net cash provided by (used in) financing activities 56,721 (97,459)
Effect of exchange rate changes on Cash and cash equivalents and Cash segregated under regulatory requirements (2,473) 223
Net increase (decrease) in Cash and cash equivalents, and Cash segregated under regulatory requirements (89,396) 73,984
Cash and cash equivalents and Cash segregated under regulatory requirements at beginning of period 672,896 502,010
Cash and cash equivalents and Cash segregated under regulatory requirements at end of period 583,500 575,994
Supplemental cash information:    
Cash paid during the period for taxes 82,804 47,449
Cash paid during the period for interest 41,154 47,791
Supplemental non-cash information:    
Issuance of Class A common stock upon exchange of limited partnership interests 0 45,868
Issuance of Class A and contingent Class A common stock and limited partnership interests for acquisitions 3,760 7,275
ROU assets and liabilities $ 16,709 $ 27,075