Interactive Brokers Group (IBKR) FY2017 results: revenue $1.7 billion, up 21.9% on the year
Interactive Brokers Group, Inc. (IBKR) reported revenue of $1.7 billion for fiscal 2017, the year ended 31 December 2017, up 21.9% on the year before. Net income was $76 million, down 9.5%, and diluted earnings per share $0.27. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2018.
Revenue
$1.7 billion
+21.9% on the year
FY2010FY2017
Operating margin
n/a
FY2010FY2017
Net income
$76 million
-9.5% on the year
FY2010FY2017
Diluted EPS
$0.27
-14.4% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
1,702
1,396
1,189
+21.9%
Pre-tax income
1,049
761
458
+37.8%
Income tax
256
62.0
43.0
+312.9%
Effective tax rate
24.4%
8.1%
9.4%
Net income
76.0
84.0
49.0
-9.5%
Net margin
4.5%
6.0%
4.1%
Diluted EPS
$0.27
$0.31
$0.20
-14.4%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
1,065
635
725
+67.7%
Capital expenditure
28.0
27.0
30.0
+3.7%
Free cash flow
1,037
608
695
+70.6%
Free cash flow margin
60.9%
43.6%
58.5%
Cash from investing
-26.0
-6.0
n/a
Cash from financing
-374
-189
n/a
Depreciation and amortisation
25.0
25.0
22.0
0.0%
Share-based compensation
53.0
51.0
50.0
+3.9%
Dividends paid
28.0
26.0
25.0
+7.7%
Dividend per share
$0.03
$0.03
$0.03
0.0%
Diluted shares, weighted
284m
269m
250m
+5.4%
Shares outstanding at period end
n/a
n/a
256m
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,090
974
863
+11.9%
Non-controlling interest
5,343
4,846
4,481
+10.3%
Short-term borrowings
15.0
74.0
n/a
-79.7%
Other liabilities
54,714
48,779
43,390
+12.2%
Total liabilities and equity
61,162
54,673
48,734
+11.9%
Fixed assets
14.0
13.0
10.0
+7.7%
Intangible assets
29.0
28.0
30.0
+3.6%
Securities borrowed
2,957
3,629
3,924
-18.5%
Cash and equivalents
1,732
1,925
1,601
-10.0%
Other assets
56,430
49,078
43,169
+15.0%
Total assets
61,162
54,673
48,734
+11.9%
10-K for the year ended 31 December 2017, filed 1 March 2018: the filing.