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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 2,438 $ 2,073
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Deferred income taxes 7 9
Depreciation and amortization 51 49
Amortization of right-of-use assets 22 20
Employee stock plan compensation 80 75
Unrealized (gains) losses on other investments, net (18) (21)
Customer bad debt expense 14 2
Shares distributed to customers under IBKR Promotions 17 7
Change in operating assets and liabilities:    
Securities - segregated for regulatory purposes 4,283 446
Securities borrowed (1,678) (729)
Securities purchased under agreements to resell (2,672) 549
Financial instruments owned, at fair value (1,461) (870)
Receivables from customers (11,548) (4,844)
Other receivables (615) 1,644
Other assets (135) (59)
Securities loaned 5,471 1,542
Financial instruments sold but not yet purchased, at fair value 188 52
Payable to customers 11,567 1,678
Other payables 875 552
Net cash provided by operating activities 6,886 2,175
Cash flows from investing activities:    
Purchases of other investments (28) (10)
Distributions received and proceeds from sales of other investments   23
Purchase of property, equipment and intangible assets (34) (40)
Net cash used in investing activities (62) (27)
Cash flows from financing activities:    
Short-term borrowings, net 16 (7)
Dividends paid to stockholders (65) (31)
Distributions to noncontrolling interests (576) (453)
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 (647) (516)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 41 (26)
Net increase in cash, cash equivalents and restricted cash 6,218 1,606
Cash, cash equivalents and restricted cash at beginning of period 32,593 28,603
Cash, cash equivalents and restricted cash at end of period 38,811 30,209
Cash, cash equivalents and restricted cash    
Cash and cash equivalents 3,595 3,824
Cash segregated for regulatory purposes 35,216 26,385
Cash, cash equivalents and restricted cash 38,811 30,209
Supplemental disclosures of cash flow information:    
Cash paid for interest 3,119 2,375
Cash paid for taxes, net 213 162
Cash paid for amounts included in lease liabilities 31 26
Non-cash financing activities:    
Issuance of common stock in exchange of member interests in IBG LLC 39 229
Redemption of member interests from IBG Holdings LLC (39) (229)
Adjustments to additional paid-in capital for changes in proportionate ownership in IBG LLC 40 32
Adjustments to noncontrolling interests for changes in proportionate ownership in IBG LLC $ (40) $ (32)