Virtu itg holdings llc (ITG)
CashFlow / TTM
Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Cash Flows from Operating Activities:
Net income (loss)

691

-847

-48,043

-40,365

-39,440

-31,306

-8,250

-18,110

-25,918

50,703

77,324

72,331

91,570

22,214

30,869

54,005

50,892

47,573

43,923

36,083

31,085

14,970

7,487

-244,695

-247,859

-245,078

-234,833

-183,880

-179,789

-174,287

-178,554

25,097

23,980

0

0

0

Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization

43,860

44,611

44,936

45,156

45,153

44,760

44,276

43,969

43,523

43,277

43,562

43,771

44,151

44,819

45,792

47,511

49,384

51,214

52,573

53,296

53,606

54,119

54,898

55,523

56,493

57,536

58,285

58,741

59,057

59,293

59,801

60,960

62,373

0

0

0

Deferred income tax expense (benefit)

570

-772

41,962

38,875

33,826

31,853

-18,747

-29,255

-15,755

-2,759

655

13,819

12,912

-3,305

-996

855

-4,979

3,501

6,331

4,397

3,051

-2,570

-4,852

-32,725

-27,156

-27,194

-26,632

-38,785

-32,593

-35,197

-34,603

7,978

-4,315

0

0

0

Provision for doubtful accounts

593

325

412

520

375

410

204

-77

67

17

148

360

496

-638

-711

-683

-801

690

306

-98

-405

-631

115

711

1,401

1,310

1,026

824

203

-13

53

-157

178

0

0

0

Non-cash share-based compensation

29,762

24,935

23,574

22,846

20,238

21,941

21,950

24,666

25,620

23,838

21,644

18,423

16,667

16,505

16,536

16,485

15,359

9,575

11,741

11,773

13,539

19,829

19,766

19,343

15,628

17,194

17,753

18,945

20,156

19,319

18,513

17,720

18,006

0

0

0

Capitalized software write-off

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6,091

0

0

0

Changes in operating assets and liabilities:
Cash restricted or segregated under regulations and other

-

-

-

-

-

-

-

-

-

2,772

2,977

361

-55

-2,927

-2,412

418

616

717

5,584

10,345

9,491

4,143

-1,302

-7,403

-11,700

-3,121

-2,214

-1,714

2,625

-14,762

-14,714

-26,035

-25,843

0

0

0

Deposits with clearing organizations

20,047

1,372

5,784

9,760

-8,661

7,082

-18,997

-16,709

-1,420

-15,860

-9,143

-6,409

1,113

26,504

30,454

6,752

-38,347

1,159

19,257

22,471

45,622

9,015

-1,363

-5,789

3,611

-16,838

6,015

12,748

11,303

13,184

-19,289

-2,062

-656

0

0

0

Securities owned, at fair value

-1,248

-1,093

-990

-899

-1,004

-6,605

-2,407

-3,785

-3,048

-107

-6,345

-6,188

-5,973

-12,909

-2,178

4,706

5,489

10,812

7,228

-2,571

-2,445

3,401

1,293

5,034

4,689

2,642

-2,588

-1,275

-18,403

-27

2,862

1,662

18,058

0

0

0

Receivables from brokers, dealers and clearing organizations

97,543

57,517

17,167

-103,729

26,701

-91,906

-153,560

-682,246

-871,317

-831,883

-597,990

103,490

404,818

461,212

351,854

77,080

-211,491

-755,054

-320,857

-1,108,504

-43,612

294,780

174,590

480,740

163,605

199,469

-860,511

18,403

6,671

58,647

821,378

560,021

503,140

0

0

0

Receivables from customers

162,725

40,051

-12,364

12,931

11,832

11,569

-6,984

29,715

11,738

21,886

84,945

-34,202

-53,909

426,327

-67,379

42,390

37,238

-766,729

-458,668

-768,198

63,376

333,653

505,958

-145,655

-4,261

-303,550

-528,150

745,169

-134,913

83,906

142,600

-393,197

290,031

0

0

0

Accounts payable and accrued expenses

49,565

61,739

51,926

33,096

-11,292

-7,567

-10,322

-8,547

13,034

16,806

-16,674

-1,592

-18,978

-17,932

21,402

6,047

27,389

11,918

-549

14,243

9,936

20,781

22,759

1,297

-22,905

-33,900

-32,139

-11,119

-18,079

-4,418

-8,365

-40,054

-31,995

0

0

0

Payables to brokers, dealers and clearing organizations

224,821

94,809

-19,593

-65,488

7,658

-69,186

-72,666

-706,522

-853,923

-832,339

-679,904

113,435

366,462

508,169

371,859

50,221

-203,805

-532,706

-521,687

-1,200,476

-48,338

245,898

456,670

415,574

125,919

23,837

-389,506

362,688

-59,605

127,066

145,697

545,701

889,457

0

0

0

Payables to customers

14,865

8,476

9,187

14,464

7,907

14,482

29,579

2,848

2,681

-25,048

43,020

-9,266

-775

430,170

538

4,406

-5,075

-1,063,136

-374,961

-664,586

42,828

328,516

203,092

-52,869

862

-54,436

-1,000,407

340,546

-64,592

-54,632

829,737

-389,826

-37,698

0

0

0

Securities sold, not yet purchased, at fair value

5

979

1

0

-247

-5,781

-1,630

-3,785

-2,397

453

-5,436

-4,679

-5,102

-16,994

-699

5,721

6,162

16,541

6,632

-2,327

-2,086

2,712

835

5,050

4,695

3,113

-1,427

-1,382

-18,915

-767

-1,814

1,804

18,347

0

0

0

Income taxes receivable/payable

1,706

2,882

3,652

5,398

2,892

275

1,010

2,316

-11,889

1,782

3,209

-4,038

1,710

-3,381

-7,054

-2,768

6,194

-2,161

-2,227

3,381

12,148

15,520

15,965

13,638

-1,459

-3,632

-3,047

-2,797

-6,053

-4,014

-9,999

-2,868

10,446

0

0

0

Excess tax benefit from share-based payment arrangements

-

-

-

-

-

-

-

-

880

1,164

1,093

1,374

2,982

3,133

3,149

2,764

1,278

1,356

1,310

1,344

510

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

19,890

13,868

20,640

19,043

339

2,297

-4,551

-977

59

2,345

3,210

4,449

3,692

3,038

-249

-996

3,397

302

863

1,996

-1,663

947

1,214

-4,730

-2,284

-3,103

-1,454

819

-2,755

-4,061

-6,975

-584

867

0

0

0

Net cash provided by operating activities

68,317

134,358

85,594

125,213

45,680

77,900

172,440

-18,299

38,130

-11,307

-98,919

71,990

48,746

75,249

164,297

48,686

142,540

50,547

-32,534

99,910

45,192

54,540

97,692

133,327

26,792

142,000

56,724

1,428

67,059

23,421

122,562

93,386

176,109

0

0

0

Investment in joint ventures

612

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of subsidiaries and minority interests, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

36,185

0

0

0

-

-

-

-

Capital purchases

13,801

19,424

21,279

19,790

19,402

21,875

21,479

21,662

21,315

15,781

13,730

13,288

11,905

11,351

11,472

12,608

13,798

12,031

18,969

20,354

33,549

47,029

42,163

45,058

33,424

22,640

23,633

21,377

22,857

26,514

22,768

19,189

19,280

0

0

0

Capitalization of software development costs

27,587

27,129

26,805

26,752

27,782

26,926

26,304

25,371

24,617

24,947

51,983

38,816

26,003

65,997

26,654

26,609

26,331

-25,332

-24,376

-23,542

-22,579

-22,772

-23,463

-23,488

-24,635

-23,593

-23,727

-26,724

-29,061

-29,582

-30,690

-32,514

-33,897

0

0

0

Proceeds of short-term bank loans, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,548

0

0

0

-

-

-

-

-

-

-

-

Net cash used in investing activities

-42,000

-47,165

-48,696

-47,154

-47,184

-48,801

-47,783

-40,908

-39,807

76,637

78,272

72,070

73,332

-37,538

-58,442

-59,623

-61,091

-58,325

-43,345

-44,370

-56,602

-70,275

-66,100

-68,546

-58,059

-46,233

-47,360

-84,142

-86,008

-136,112

-133,474

-98,678

-102,103

0

0

0

Cash Flows from Financing Activities:
Proceeds from sale of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,095

0

0

0

-

-

-

-

Repayments of long term debt

1,137

955

1,421

2,993

3,963

5,514

6,408

6,300

6,200

6,102

6,110

7,116

8,820

10,523

12,119

12,600

12,551

12,385

12,044

10,769

9,505

8,373

7,420

7,303

7,185

0

0

0

-

-

-

-

46,900

0

0

0

Proceeds from (repayments of) borrowing under short-term bank loans

-18,628

-47,771

-10,710

-49,312

29,272

-31,491

-80,496

47,917

-9,784

68,473

84,855

-25,449

3,573

-24,913

-60,505

80,209

4,821

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs

751

751

751

757

762

762

762

759

810

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,908

0

0

0

-

-

-

-

Proceeds of short-term bank loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Proceeds from term loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

(Repayments of) proceeds from borrowing under short-term bank loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from share-based payment arrangements

-

-

-

-

-

-

-

-

880

1,164

1,093

1,374

2,982

3,133

3,149

2,764

1,278

1,356

1,310

1,344

510

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Common stock issued

2,397

1,376

1,364

1,357

1,376

1,408

1,413

1,726

3,743

2,942

3,531

2,876

1,742

1,017

937

735

96

1,005

125

124

177

176

1,055

486

2,674

3,181

5,896

6,977

9,753

11,111

10,198

11,233

10,896

0

0

0

Common stock repurchased

5,814

15,343

17,686

17,294

16,933

7,404

12,149

15,708

22,112

32,431

32,430

35,235

42,046

43,764

45,680

51,873

48,165

40,296

37,278

31,933

28,169

29,918

28,212

23,348

23,457

28,264

34,283

35,360

38,928

39,609

42,985

52,998

50,284

0

0

0

Dividends paid

9,165

9,136

9,142

9,149

9,156

9,150

9,118

9,127

9,124

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Shares withheld for net settlements of share-based awards

11,011

9,110

9,263

9,249

10,779

10,662

10,148

10,351

6,795

7,198

7,207

7,204

8,978

8,042

8,105

9,062

6,231

7,403

7,341

6,208

4,532

4,226

4,184

4,129

2,817

0

0

0

-

-

-

-

-

-

-

-

Net cash used in financing activities

-44,109

-81,690

-47,609

-87,397

-10,945

-63,797

-117,777

7,410

-50,202

16,855

33,649

-80,888

-58,577

-89,004

-125,881

8,973

-61,952

-20,280

58,723

-65,468

30,431

16,046

1,858

-52,564

-7,777

-81,763

-46,135

42,465

-12,464

21,123

-49,009

-51,116

-90,383

0

0

0

Effect of exchange rate changes on cash, cash equivalents and restricted cash

-6,813

-716

-3,525

-42

170

-11,674

-13,299

-1,507

1,704

12,085

12,723

5,454

-8,058

-10,563

-7,302

-14,935

-6,184

-5,048

-2,763

-1,309

-2,999

-1,634

-3,244

-1,351

731

1,415

-3,233

-3,731

-1,409

-434

2,827

1,396

2,508

0

0

0

Net decrease in cash, cash equivalents and restricted cash

-24,605

4,787

-14,236

-9,380

-12,279

-46,372

-6,419

-53,304

-50,175

94,270

25,725

68,626

55,443

-61,856

-27,328

-16,899

13,313

-33,106

-19,919

-11,237

16,022

-1,323

30,206

10,866

-38,313

15,419

-40,004

-43,980

-32,822

-92,002

-57,094

-55,012

-13,869

0

0

0

Shares withheld for net settlements of share-based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

Supplemental cash flow information:
Interest paid

4,734

5,323

5,409

5,409

4,960

6,461

6,286

6,178

6,116

3,838

4,075

3,928

3,607

3,833

3,801

3,755

3,979

4,055

3,657

3,629

3,343

2,838

2,833

2,670

2,673

3,086

3,094

2,809

2,453

1,809

1,363

1,332

1,343

0

0

0

Income taxes paid, net

-

-

-

-

10,515

4,982

4,403

8,760

9,880

13,533

13,430

13,695

15,098

18,214

19,284

15,423

11,909

8,046

7,699

5,777

-4,079

-4,507

-5,809

-4,669

5,495

11,436

12,102

13,897

15,508

14,112

23,953

20,256

19,345

0

0

0

Proceeds from income tax refunds

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental disclosure of non-cash investing and financing activities:
Investment in joint venture

1,393

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-