IB passes $3 billion in liabilities in q2 2006

J

just21

q4 1999 $12,633,891
q2 2000 $55,785,807 341.56%
q4 2000 $89,996,028 61.32%
q1 2001 $130,638,080 45.16%
q2 2001 $145,169,293 11.12%
q3 2001 $174,590,207 20.27%
q4 2001 $231,721,899 32.72%
q1 2002 $281,550,555 21.50%
q2 2002 $335,660,538 19.22%
q3 2002 $419,432,757 24.96%
q4 2002 $519,003,375 23.74%
q1 2003 $652,546,919 25.73%
q2 2003 $786,023,335 20.45%
q3 2003 $912,920,764 16.14%
q4 2003 $1,059,484,562 16.05%
q1 2004 $1,161,539,584 9.63%
q2 2004 $1,258,110,507 8.31%
q3 2004 $1,381,742,723 9.83%
q4 2004 $1,525,054,608 10.37%
q1 2005 $1,689,818,726 10.80%
q2 2005 $1,890,315,996 11.87%
q3 2005 $2,124,949,775 12.41%
q4 2005 $2,412,665,646 13.54%
q1 2006 $2,744,791,949 13.77%
q2 2006 $3,116,641,386 13.55%


http://www.interactivebrokers.com/download/IBLLC_2Q06_Unaud_Finls.pdf
 
Read in somebody's blog, (so don't know if true), that an article in institutional investor mag about firm's founder said they have over 1 billion in rev and HALF of it is profit.
 
Quote from Daal:

are they on the verge of bankrupcy
More...

Yes, genius, the more customers they have the more deposits they get, increasing their liabilities. Very risky strategy. They obviously would be much better off with no customers, get those liabilities down to zero.
 
Quote from Daal:

are they on the verge of bankrupcy
More...

No, I don't think so.

The word liabilities is misleading in this context since the $3,116,641,386 refers only to "Payable to customers". Others liabilities are exlcuded. The total liabilities are $3,245,016,934.

The liabilities here in accounting do not equal to loans or something we need to settle as soon as possible. The figure alone says nothing as to whether a firm is on the verge of bankrupcy.

There are some accounting ratios which may give you the idea of its debt settling capability (eg ratio of current assets to current liabilities)

I hope this helps you to clear things up. :)
 
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