| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Dec'18 | ||
|---|---|---|---|---|---|---|
Assets | ||||||
Cash and cash equivalents | ||||||
424 | 460 | 389 | 313 | 410 | ||
Restricted cash | ||||||
1 | 1 | 1 | 1 | 1 | ||
Receivable from brokers and dealers and clearing organizations | ||||||
95 | 30 | 747 | 255 | 174 | ||
Deposits with clearing organizations | ||||||
11 | 9 | 12 | 13 | 11 | ||
Accounts receivable, net of allowance for credit losses of $150 and $195 at March 31, 2020 and December 31, 2019, respectively | ||||||
133 | 92 | 95 | 92 | 87 | ||
Furniture, equipment, purchased software and leasehold improvements, net of accumulated depreciation and amortization | ||||||
37 | 40 | 36 | 35 | 38 | ||
Right-of-use assets | ||||||
27 | 24 | 29 | 30 | - | ||
Software development costs, net of accumulated amortization | ||||||
172 | 173 | 173 | 172 | 170 | ||
Goodwill | ||||||
2,700 | 2,700 | 2,694 | 2,694 | 2,694 | ||
Intangible assets, net of accumulated amortization | ||||||
1,256 | 1,281 | 1,306 | 1,331 | 1,380 | ||
Receivable from affiliates | ||||||
1 | 2 | 3 | 2 | 3 | ||
Deferred tax asset | ||||||
291 | 256 | 103 | 98 | - | ||
Other assets | ||||||
37 | 27 | 29 | 30 | 25 | ||
Total assets | ||||||
5,184 | 5,095 | 5,622 | 5,072 | 4,997 | ||
Liabilities and Stockholders' Equity | ||||||
Liabilities | ||||||
Securities sold under agreements to repurchase | ||||||
- | - | 24 | - | - | ||
Payable to brokers and dealers and clearing organizations | ||||||
55 | 30 | 713 | 255 | 171 | ||
Accrued compensation | ||||||
58 | 119 | 94 | 68 | 120 | ||
Deferred revenue | ||||||
26 | 23 | 28 | 25 | 27 | ||
Accounts payable, accrued expenses and other liabilities | ||||||
46 | 32 | 44 | 34 | 42 | ||
Employee equity compensation payable | ||||||
1 | 1 | 0 | 0 | 24 | ||
Lease liability | ||||||
33 | 30 | 33 | 34 | - | ||
Payable to affiliates | ||||||
2 | 1 | 3 | 6 | 5 | ||
Deferred tax liability | ||||||
21 | 21 | 20 | 21 | 19 | ||
Tax receivable agreement liability | ||||||
252 | 240 | 171 | 171 | - | ||
Total liabilities | ||||||
495 | 502 | 1,135 | 617 | 410 | ||
Mezzanine Capital | ||||||
Class C Shares and Class P(C) Shares | ||||||
- | - | - | - | 14 | ||
Stockholders' Equity | ||||||
Members’ capital | ||||||
- | - | - | - | 4,573 | ||
Additional paid-in capital | ||||||
3,426 | 3,329 | 2,855 | 2,846 | - | ||
Accumulated other comprehensive income (loss) | ||||||
-2 | 1 | -1 | -0 | -0 | ||
Retained earnings | ||||||
78 | 47 | 19 | 1 | - | ||
Total stockholders' equity attributable to Tradeweb Markets Inc. | ||||||
3,502 | 3,378 | 2,873 | 2,847 | 4,572 | ||
Non-controlling interests | ||||||
1,186 | 1,214 | 1,613 | 1,607 | - | ||
Total equity | ||||||
4,688 | 4,592 | 4,487 | 4,454 | 4,572 | ||
Total liabilities and stockholders' equity | ||||||
5,184 | 5,095 | 5,622 | 5,072 | 4,997 | ||
Predecessor | ||||||
Cash and cash equivalents | ||||||
- | - | - | - | 410 | ||
Restricted cash | ||||||
- | - | - | - | 1 | ||
Successor | ||||||
Deferred tax asset | ||||||
- | - | - | 93 | - | ||
Class A common stock | ||||||
Common stock | ||||||
0 | 0 | - | - | - | ||
Total equity | ||||||
0 | 0 | - | - | - | ||
Class B common stock | ||||||
Common stock | ||||||
0 | 0 | 0 | 0 | - | ||
Total equity | ||||||
0 | 0 | 0 | 0 | - | ||
Class D common stock | ||||||
Common stock | ||||||
- | 0 | 0 | 0 | - | ||
Total equity | ||||||
- | 0 | 0 | 0 | - | ||