| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
Revenues: | ||||||
Trading income, net | ||||||
912,316 | 1,266,682 | 766,027 | 665,465 | 757,455 | 685,150 | 623,733 |
Interest and dividends income | ||||||
108,778 | 87,508 | 50,407 | 26,419 | 28,136 | 27,923 | 31,090 |
Commissions, net and technology services | ||||||
498,544 | 184,339 | 116,503 | 10,352 | 10,622 | 9,980 | 9,682 |
Other, net | ||||||
10,444 | 340,189 | 95,045 | 36 | - | - | - |
Revenues | ||||||
1,530,082 | 1,878,718 | 1,027,982 | 702,272 | 796,213 | 723,053 | 664,505 |
Operating Expenses: | ||||||
Brokerage, exchange and clearance fees, net | ||||||
284,768 | 301,779 | 256,926 | 221,214 | 232,469 | 230,965 | 195,146 |
Communication and data processing | ||||||
209,393 | 176,120 | 131,506 | 71,001 | 68,647 | 68,847 | 64,689 |
Employee compensation and payroll taxes | ||||||
383,713 | 215,556 | 177,489 | 85,295 | 88,026 | 84,531 | 78,353 |
Payments for order flow | ||||||
102,120 | 74,645 | 27,727 | 0 | - | - | - |
Interest and dividends expense | ||||||
158,039 | 141,814 | 91,993 | 56,557 | 52,423 | 47,083 | 45,196 |
Operations and administrative | ||||||
116,232 | 66,769 | 62,123 | 23,358 | 25,991 | 21,923 | 27,215 |
Depreciation and amortization | ||||||
65,644 | 61,154 | 47,327 | 29,703 | 33,629 | 30,441 | 23,922 |
Amortization of purchased intangibles and acquired capitalized software | ||||||
70,600 | 26,100 | 15,400 | 211 | 211 | 211 | 1,011 |
Termination of office leases | ||||||
-66,452 | -23,357 | -3,671 | 319 | - | - | - |
Debt issue cost related to debt refinancing, prepayment and commitment fees | ||||||
41,132 | 11,727 | 10,460 | 5,579 | - | - | 10,022 |
Acquisition related retention bonus | ||||||
- | - | - | - | - | 2,639 | 6,705 |
Initial public offering fees and expenses | ||||||
- | - | - | - | - | 8,961 | - |
Transaction advisory fees and expenses | ||||||
26,117 | 11,487 | 25,270 | 0 | - | 3,000 | - |
Reserve for legal matters | ||||||
- | - | - | 0 | 5,440 | - | - |
Charges related to share based compensation at IPO | ||||||
0 | 24 | 772 | 1,755 | 44,194 | - | - |
Interest Expense, Debt | ||||||
121,859 | 71,800 | 64,107 | 28,327 | 29,254 | 30,894 | 24,646 |
Total operating expenses | ||||||
1,646,064 | 1,182,355 | 914,818 | 522,681 | 580,284 | 529,495 | 476,905 |
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | ||||||
-115,982 | 696,363 | 113,164 | 179,591 | 215,929 | 193,558 | 187,600 |
Provision for (benefit from) income taxes | ||||||
-12,277 | 76,171 | 94,266 | 21,251 | 18,439 | 3,501 | 5,397 |
Net income (loss) | ||||||
-103,705 | 620,192 | 18,898 | 158,340 | 197,490 | 190,057 | 182,203 |
Noncontrolling interest | ||||||
-45,110 | 330,751 | 15,959 | 125,360 | 176,603 | - | - |
Net Income (Loss) Attributable to Parent | ||||||
-58,595 | 289,441 | 2,939 | 32,980 | 20,887 | - | - |
Earnings Per Share [Abstract] | ||||||
Earnings Per Share, Basic | ||||||
-0.53 | 2.82 | 0.03 | 0.83 | 0.60 | - | - |
Diluted (in dollars per share) | ||||||
-0.53 | 2.78 | 0.03 | 0.83 | 0.59 | - | - |
Weighted average common shares outstanding | ||||||
Weighted Average Number of Shares Outstanding, Basic | ||||||
113,918 | 100,875 | 62,579 | 38,539 | 34,964 | - | - |
Diluted (in shares) | ||||||
113,918 | 102,089 | 62,579 | 38,539 | 35,339 | - | - |
Net income (loss) | ||||||
-103,705 | 620,192 | 18,898 | 158,340 | 197,490 | 190,057 | 182,203 |
Other comprehensive income (loss) | ||||||
Foreign exchange translation adjustment, net of taxes | ||||||
-1,475 | -5,127 | 9,117 | -1,165 | -4,255 | -5,032 | 1,382 |
Comprehensive income (loss) | ||||||
-105,180 | 615,065 | 28,015 | 157,175 | 193,235 | 185,025 | 183,585 |
Less: Comprehensive income (loss) attributable to noncontrolling interest | ||||||
-45,668 | 328,697 | 21,833 | 124,546 | 172,249 | - | - |
Comprehensive income (loss) attributable to common stockholders | ||||||
-59,512 | 286,368 | 6,182 | 32,629 | 20,986 | - | - |