Interactive Brokers Group (IBKR) FY2014 results: revenue $1.0 billion, down 7.5% on the year
Interactive Brokers Group, Inc. (IBKR) reported revenue of $1.0 billion for fiscal 2014, the year ended 31 December 2014, down 7.5% on the year before. Net income was $45 million, up 20.3%, and diluted earnings per share $0.19. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2017.
Revenue
$1.0 billion
-7.5% on the year
FY2008FY2014
Operating margin
n/a
FY2008FY2014
Net income
$45 million
+20.3% on the year
FY2008FY2014
Diluted EPS
$0.19
+5.5% on the year
FY2008FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
1,043
1,128
1,192
-7.5%
Pre-tax income
506
n/a
n/a
Income tax
47.0
33.0
30.0
+42.4%
Effective tax rate
9.3%
n/a
n/a
Net income
44.5
37.0
41.8
+20.3%
Net margin
4.3%
3.3%
3.5%
Diluted EPS
$0.19
$0.18
$0.22
+5.5%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
417
141
725
+195.9%
Capital expenditure
19.0
17.0
18.0
+11.8%
Free cash flow
398
124
707
+221.2%
Free cash flow margin
38.2%
11.0%
59.3%
Cash from investing
54.1
-32.4
-52.4
Cash from financing
-308
-248
-605
Depreciation and amortisation
20.0
19.0
19.3
+5.3%
Share-based compensation
41.0
41.0
67.1
0.0%
Dividends paid
23.0
20.0
66.3
+15.0%
Dividend per share
$0.03
$0.03
$0.03
0.0%
Diluted shares, weighted
231m
204m
188m
+13.3%
Shares outstanding at period end
234m
n/a
n/a
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
766
707
598
+8.4%
Non-controlling interest
4,418
4,385
4,215
+0.8%
Redeemable equity
n/a
n/a
0.0
Short-term borrowings
34.0
24.6
110
+38.0%
Other liabilities
38,166
32,754
28,276
+16.5%
Total liabilities and equity
43,385
37,871
33,200
+14.6%
Fixed assets
32.0
32.2
34.7
-0.7%
Securities borrowed
n/a
2,752
2,833
Cash and equivalents
1,269
1,213
1,381
+4.6%
Other assets
42,084
33,874
28,951
+24.2%
Total assets
43,385
37,871
33,200
+14.6%
10-K for the year ended 31 December 2014, filed 28 February 2017: the filing.