Interactive Brokers Group (IBKR) FY2019 results: revenue $1.9 billion, up 1.8% on the year
Interactive Brokers Group, Inc. (IBKR) reported revenue of $1.9 billion for fiscal 2019, the year ended 31 December 2019, up 1.8% on the year before. Net income was $161 million, down 4.7%, and diluted earnings per share $0.53. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2020.
Revenue
$1.9 billion
+1.8% on the year
FY2012FY2019
Operating margin
n/a
FY2012FY2019
Net income
$161 million
-4.7% on the year
FY2012FY2019
Diluted EPS
$0.53
-7.9% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
1,937
1,903
1,702
+1.8%
Interest expense
643
463
n/a
+38.9%
Pre-tax income
1,157
1,196
1,049
-3.3%
Income tax
68.0
71.0
256
-4.2%
Effective tax rate
5.9%
5.9%
24.4%
Net income
161
169
76.0
-4.7%
Net margin
8.3%
8.9%
4.5%
Diluted EPS
$0.53
$0.57
$0.27
-7.9%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
2,666
2,356
1,065
+13.2%
Capital expenditure
74.0
36.0
28.0
+105.6%
Free cash flow
2,592
2,320
1,037
+11.7%
Free cash flow margin
133.8%
121.9%
60.9%
Cash from investing
-89.0
-57.0
-26.0
Cash from financing
-419
-399
-374
Depreciation and amortisation
31.0
26.0
25.0
+19.2%
Share-based compensation
60.0
58.0
53.0
+3.4%
Dividends paid
31.0
29.0
28.0
+6.9%
Dividend per share
$0.03
$0.03
$0.03
0.0%
Diluted shares, weighted
307m
297m
284m
+3.4%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
1,452
1,282
1,090
+13.3%
Non-controlling interest
6,488
5,874
5,343
+10.5%
Short-term borrowings
16.0
17.0
15.0
-5.9%
Other liabilities
63,720
53,374
54,714
+19.4%
Total liabilities and equity
71,676
60,547
61,162
+18.4%
Fixed assets
62.0
20.0
14.0
+210.0%
Intangible assets
34.0
33.0
29.0
+3.0%
Securities borrowed
3,916
3,331
2,957
+17.6%
Cash and equivalents
2,882
2,597
1,732
+11.0%
Other assets
64,782
54,566
56,430
+18.7%
Total assets
71,676
60,547
61,162
+18.4%
10-K for the year ended 31 December 2019, filed 28 February 2020: the filing.