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Supplemental Balance Sheet Information (Tables)
12 Months Ended
Dec. 31, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Summary of Components of Balance Sheet Accounts

The components of certain balance sheet accounts are as follows (in thousands):

 

 

 

December 31,

 

 

 

2019

 

 

2018

 

Other assets:

 

 

 

 

 

 

 

 

Operating lease ROU assets1

 

$

169,065

 

 

$

 

Deferred tax asset

 

 

96,703

 

 

 

88,715

 

Equity securities carried under measurement alternative

 

 

82,516

 

 

 

55,757

 

Prepaid expenses

 

 

24,727

 

 

 

25,280

 

Other taxes

 

 

17,957

 

 

 

21,546

 

Rent and other deposits

 

 

15,720

 

 

 

16,745

 

Other

 

 

39,683

 

 

 

38,894

 

Total other assets

 

$

446,371

 

 

$

246,937

 

 

 

 

December 31,

 

 

 

2019

 

 

2018

 

Accounts payable, accrued and other liabilities:

 

 

 

 

 

 

 

 

Accrued expenses and other liabilities2

 

$

856,215

 

 

$

466,306

 

Taxes payable

 

 

217,361

 

 

 

231,442

 

Operating lease liabilities1

 

 

187,398

 

 

 

 

Deferred tax liability

 

 

18,073

 

 

 

11,180

 

Charitable contribution liability

 

 

3,999

 

 

 

20,028

 

GFI Merger liability3

 

 

 

 

 

25,863

 

Total accounts payable, accrued and other liabilities

 

$

1,283,046

 

 

$

754,819

 

 

1

As of December 31, 2019, $169.1 million and $187.4 million, relating to lease ROU assets and lease liabilities, respectively, is attributable to the adoption of ASU No. 2016-02, Leases (Topic 842). See Note 25—“Leases”, in addition to the information under the heading “Recently Adopted Accounting Pronouncements” included in Note 1—“Organization and Basis of Presentation” for additional information.

2

As of December 31, 2019, $583.2 million is attributable to Besso and Ed Broking. As of December 31, 2018, $195.0 million, is attributable to Besso. See “Cash Segregated Under Regulatory Requirements” and “Accrued Commissions and Other Receivables, Net” in Note 3—“Summary of Significant Accounting Policies” for additional information.

3

On January 12, 2016, BGC completed the GFI Merger, which allowed BGC to acquire the remaining outstanding shares of GFI common stock that BGC did not already own. Following the closing of the GFI Merger, BGC and its affiliates owned 100% of the outstanding shares of GFI’s common stock. The liability of $25.9 million as of December 31, 2018 represented a liability still remaining with respect to the completion of the GFI Merger and was settled in March 2019.