INTERACTIVE BROKERS GROUP, INC. Item 8.01 Other Information
Explanatory Note
This Current Report on Form 8-K/A ("Amendment No. 1") amends the Current Report
on Form 8-K filed with the Securities and Exchange Commission on July 27, 2020
(the "Original Form 8-K") by Interactive Brokers Group, Inc. (the "Company").
This Amendment No. 1 is being filed solely to correct a HTML conversion error on
the Selected Financial Information table included in the Original Form 8-K. The
amounts disclosed for basic and diluted weighted average shares outstanding were
duplicated in the same cell for all periods presented. The Company is including
the revised table below.
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Selected Financial Information
The Company is providing this selected financial information to provide
investors and other users of the Company's financial statements with the most
recent presentation of its consolidated statements of comprehensive income on a
historical basis. The following table shows the impact of the change in
presentation to the consolidated statement of comprehensive income on selected
historical financial and other data of the Company for the periods indicated:
Year Ended December 31,
(in millions, except share or per share amounts) 2019 2018 2017 2016 2015
Revenues
Commissions $ 706 $ 777 $ 647 $ 612 $ 617
Other fees and services 141 148 114 98 95
Other income 7 49 258 159 52
Total non-interest income 854 974 1,019 869 764
Interest income 1,726 1,392 908 606 492
Interest expense (643) (463) (225) (79) (67)
Total net interest income 1,083 929 683 527 425
Total net revenues 1,937 1,903 1,702 1,396 1,189
Non-interest expenses
Execution, clearing and distribution fees 251 269 241 244 231
Employee compensation and benefits 288 264 249 242 227
Occupancy, depreciation and amortization 60 49 47 51 44
Communications 25 25 28 30 25
General and administrative 112 96 86 62 58
Customer bad debt 44 4 2 6 146
Total non-interest expenses 780 707 653 635 731
Income before income taxes 1,157 1,196 1,049 761 458
Income tax expense 68 71 256 62 43
Net income 1,089 1,125 793 699 415
Less net income attributable to noncontrolling
interests 928 956 717 615 366
Net income available for common stockholders $ 161 $ 169 $ 76 $ 84 $ 49
Earnings per share
Basic $ 2.11 $ 2.30 $ 1.09 $ 1.28 $ 0.80
Diluted $ 2.10 $ 2.28 $ 1.07 $ 1.25 $ 0.78
Weighted average common shares outstanding
Basic 76,121,570 73,438,209 69,926,933 66,013,247 61,043,071
Diluted 76,825,863 74,266,370 70,904,921 67,299,413 62,509,796
Comprehensive income
Net income available for common stockholders $ 161 $ 169 $ 76 $ 84 $ 49
Other comprehensive income
Cumulative translation adjustment, before income
taxes 4 (14) 11 (4) (10)
Income taxes related to items of other
comprehensive income - (1) - - -
Other comprehensive income (loss), net of tax 4 (13) 11 (4) (10)
Comprehensive income available for common
stockholders $ 165 $ 156 $ 87 $ 80 $ 39
Comprehensive income attributable to noncontrolling interests
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Net income attributable to noncontrolling interests$ 928 $ 956 $ 717 $ 615 $ 366 Other comprehensive income - cumulative translation adjustment 20 (66) 54 (21) (53) Comprehensive income attributable to noncontrolling interests$ 948 $ 890 $ 771 $ 594 $ 313 ________________
1)The Company reclassified
2)The Company reclassified$27 million ,$39 million ,$40 million ,$163 million , and$269 million for the years endedDecember 31, 2019 , 2018, 2017, 2016, and 2015, respectively, previously reported as trading gains to other income as a component of "principal transactions".
Item. 9.01 Financial Statements and Exhibits.
Exhibit No. Description
104 Cover Page Interactive Data File (the cover page XBRL tags are
embedded within the Inline XBRL Document).
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