Early Access

10-K/APeriod: FY2011

Interactive Brokers Group, Inc. Annual Report (Amendment), Year Ended Dec 31, 2011

Filed August 31, 2012For Securities:IBKR

Summary

This filing is an amendment (10-K/A) to Interactive Brokers Group, Inc.'s (IBKR) 2011 Annual Report, filed in August 2012. The primary purpose of this amendment is to restate the company's consolidated financial statements for the three years ended December 31, 2011, due to accounting errors identified. Specifically, the restatement addresses an incorrect classification of redeemable noncontrolling interests and also corrects errors related to stock compensation awards and the recognition of equity award forfeiture provisions. Investors should note that the restatement impacts the classification of certain equity interests and the calculation of earnings per share, though it did not affect reported net income attributable to common stockholders or cash flows. Management identified a material weakness in internal controls over financial reporting related to the interpretation of complex accounting issues. This amendment provides updated financial statements and disclosures, and investors should rely on these restated figures for accurate financial assessment.

Financial Statements
Beta
Revenue$1.44B
Net Income$60.98M
EPS (Basic)$0.35
EPS (Diluted)$0.34
Shares Outstanding (Basic)175.70M
Shares Outstanding (Diluted)177.46M

Key Highlights

  • 1Interactive Brokers Group, Inc. (IBKR) is filing an amended annual report (10-K/A) to restate its financial statements for the three years ending December 31, 2011.
  • 2The restatement is primarily due to an incorrect accounting treatment of redeemable noncontrolling interests, impacting their classification and earnings per share calculations.
  • 3Errors in recording share issuances under stock compensation award plans and in recognizing equity award forfeiture provisions were also corrected.
  • 4The restatement did not affect reported net income attributable to common stockholders or cash flows, but requires investors to rely on the updated financial figures.
  • 5A material weakness in internal controls over financial reporting was identified, specifically concerning the review and interpretation of complex accounting issues.
  • 6The company's common stock is registered on The NASDAQ Stock Market LLC (NASDAQ Global Select Market).

Frequently Asked Questions