IBKR FY 2008 Earnings Report — Interactive Brokers Group, Inc. Revenue & Financial Results | Market Cap Arena

Interactive Brokers Group, Inc.IBKR

FY 2008 Earnings

Reported March 2, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$2.2B	—	$2.0B	—	7.8%
Op. Income	$1.2B	—	$932M	—	34.1%
Gross Margin	84.8%	—	72.6%	—	12.2pp
Net Margin	51.4%	—	42.9%	—	8.5pp
EPS (Diluted)	$0.56	—	$0.29	—	93.1%
Free Cash Flow	$2.1B	—	-$116M	—	1874.8%

Revenue Flow

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$332M
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$563M
SG&A Expenses	$563M
Other Expenses	$38M
Operating Expenses	$600M
Cost & Expenses	$932M
OPERATING INCOME	$1.2B
Interest Income	$437M
Interest Expense	$332M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$128M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$1.0B
BOTTOM LINE NET INCOME	$93M
D&A	$18M
EBIT	$1.6B
EBITDA	$1.6B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$332M
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$563M
SG&A Expenses	$563M
Other Expenses	$38M
Operating Expenses	$600M
Cost & Expenses	$932M
OPERATING INCOME	$1.2B
Interest Income	$437M
Interest Expense	$332M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$128M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$1.0B
BOTTOM LINE NET INCOME	$93M
D&A	$18M
EBIT	$1.6B
EBITDA	$1.6B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$18M
Stock-Based Compensation	$26M
Deferred Income Tax	$50M
Other Non-Cash Items	$94M
Change in Working Capital	$783M
OPERATING CASH FLOW	$2.1B
Capital Expenditure	-$27M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$7M
NET CASH FROM INVESTING	-$20M
Net Debt Issuance	-$1.3B
Common Stock Repurchased	-$866.0K
Common Dividends Paid	-$223M
Other Financing Activities	-$299M
NET CASH FROM FINANCING	-$1.6B
FREE CASH FLOW	$2.1B
Net Change in Cash	$422M

Balance Sheet

Item	Amount
Cash & Equivalents	$943M
Short-Term Investments	$0
Net Receivables	$4.2B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$5.1B
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$23.2B
TOTAL NON-CURRENT ASSETS	$23.2B
TOTAL ASSETS	$28.4B
Account Payables	$8.6B
Short-Term Debt	$208M
Deferred Revenue	$0
Other Current Liabilities	$13.5B
TOTAL CURRENT LIABILITIES	$22.5B
Long-Term Debt	$443M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$970M
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$23.9B
Common Stock	$453.0K
Additional Paid-In Capital	$486M
Retained Earnings	$141M
Treasury Stock	-$118M
Accum. Other Comp. Income	$4M
Other Equity	$3.9B
TOTAL STOCKHOLDERS' EQUITY	$4.4B
Minority Interest	$0
TOTAL EQUITY	$4.4B
TOTAL LIABILITIES & EQUITY	$28.4B
Total Debt	$651M
Net Debt	-$292M