Virtu financial, inc. (VIRT)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14
Revenues:
Trading income, net

802,466

228,705

220,148

205,923

257,540

366,228

235,699

258,593

406,162

286,383

203,907

136,163

139,574

155,923

156,706

166,547

186,289

166,901

206,832

169,792

213,930

-

162,260

153,376

-

Interest and dividends income

26,516

32,133

23,352

24,162

29,131

26,171

21,451

21,937

17,949

19,474

20,430

5,629

4,874

11,458

5,271

5,422

4,268

7,114

6,425

9,415

5,182

-

8,518

7,214

-

Commissions, net and technology services

170,744

138,650

139,627

145,120

75,147

43,678

40,252

46,565

53,844

67,266

43,351

3,107

2,779

3,128

2,931

2,212

2,081

2,889

2,545

2,772

2,416

-

2,456

2,386

-

Other, net

4,372

3,783

2,237

3,251

1,173

4,339

-2,279

1,031

337,098

-

-

-

60

-

-102

-

-

-

-

-

-

-

-

-

-

Revenues

1,004,098

403,271

385,364

378,456

362,991

440,416

295,123

328,126

815,053

464,521

271,286

144,888

147,287

170,647

164,806

174,181

192,638

176,904

215,802

181,979

221,528

-

173,234

162,976

-

Operating Expenses:
Brokerage, exchange and clearance fees, net

111,538

70,549

74,315

75,851

64,053

71,999

68,638

73,318

87,824

86,673

64,584

52,899

52,770

53,798

52,118

55,573

59,725

53,016

61,814

56,501

61,138

-

55,861

53,837

-

Communication and data processing

55,027

53,389

59,767

54,423

41,814

38,327

39,516

48,791

49,486

48,316

45,998

18,985

18,207

17,423

17,903

17,953

17,722

17,045

16,110

17,549

17,943

-

17,256

17,505

-

Employee compensation and payroll taxes

170,358

101,579

90,595

83,702

107,837

64,833

44,827

41,226

64,670

66,436

72,341

17,365

21,347

21,113

20,816

20,809

22,557

21,225

24,736

15,165

26,900

-

24,768

17,255

-

Payments for order flow

62,280

30,449

24,474

23,636

23,561

24,264

18,283

15,842

16,256

15,656

12,071

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Interest and dividends expense

41,440

41,300

34,546

36,824

45,369

40,615

32,566

35,009

33,624

33,537

31,242

14,934

12,280

13,308

15,615

14,097

13,537

13,189

12,827

16,841

9,566

-

11,728

12,247

-

Operations and administrative

30,607

30,989

28,357

34,808

22,078

12,986

17,254

16,610

19,919

26,324

24,183

6,770

4,846

7,160

5,543

5,736

4,919

5,974

4,857

6,669

8,491

11,163

4,392

6,354

13

Depreciation and amortization

17,360

16,786

17,598

14,810

16,450

13,609

16,012

16,194

15,339

18,170

15,602

6,798

6,757

7,018

7,158

7,800

7,727

7,604

8,176

8,186

9,663

-

8,552

7,480

-

Amortization of purchased intangibles and acquired capitalized software

19,000

20,200

18,900

20,600

10,900

6,049

6,400

6,800

6,851

8,854

6,440

53

53

52

53

53

53

52

53

53

53

-

53

53

-

Termination of office leases

-276

33

-1,278

-65,207

0

-170

-1,440

-1,777

-19,970

-3,671

0

0

0

-

-

-

-

-

-

-

-

-

-

849

-

Debt issue cost related to debt refinancing, prepayment and commitment fees

4,171

33,237

0

-1,319

9,214

0

3,347

2,359

6,021

1,109

4,869

4,482

0

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition related retention bonus

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

152

1,221

-

Initial public offering fees and expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

60

8,901

-

Transaction advisory fees and expenses

188

2,047

7,163

1,798

15,109

2,502

-261

1,750

7,496

950

15,677

8,511

132

-

-

155

-

-

-

-

-

-

-

-

-

Charges related to share based compensation at IPO

-

-

0

0

-

0

0

10

14

227

181

179

185

311

333

516

595

-

1,107

44,194

-

-

-

-

-

Interest Expense, Debt

25,670

30,191

34,191

34,689

22,788

16,264

17,709

18,780

19,047

23,966

24,593

8,720

6,828

6,758

7,393

7,075

7,101

7,188

7,205

7,259

7,602

-

7,815

7,748

-

Total operating expenses

537,873

430,642

391,192

445,035

379,195

291,636

265,698

278,504

346,517

333,936

317,781

139,696

123,405

132,046

126,932

129,767

133,936

129,626

136,885

172,417

141,356

-

130,637

133,450

-

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

466,225

-27,371

-5,828

-66,579

-16,204

148,780

29,425

49,622

468,536

130,585

-46,495

5,192

23,882

38,601

37,874

44,414

58,702

47,278

78,917

9,562

80,172

121,448

42,597

29,526

-13

Provision for (benefit from) income taxes

78,000

2,023

-600

-11,100

-2,600

857

13,800

3,000

58,514

97,184

-6,505

779

2,808

3,926

4,851

5,128

7,346

4,336

9,378

1,997

2,728

3,642

1,179

-1,316

-4

Net income (loss)

388,238

-29,417

-5,184

-55,485

-13,619

147,938

15,610

46,622

410,022

33,401

-39,990

4,413

21,074

34,675

33,023

39,286

51,356

42,942

69,539

7,565

77,444

-

41,418

30,842

-

Noncontrolling interest

167,169

-11,698

-872

-25,594

-6,946

67,069

6,998

21,413

235,271

22,425

-26,472

3,512

16,494

27,447

25,997

30,908

41,008

-

57,233

7,091

-

-

-

-

-

Net Income (Loss) Attributable to Parent

221,069

-17,719

-4,312

-29,891

-6,673

80,869

8,612

25,209

174,751

10,976

-13,518

901

4,580

7,228

7,026

8,378

10,348

-

12,306

474

-

-

-

-

-8

Earnings Per Share [Abstract]
Earnings Per Share, Basic

1.80

-0.15

-0.04

-0.27

-0.07

0.60

0.08

0.25

1.89

0.09

-0.17

0.01

0.10

0.17

0.18

0.21

0.27

-

0.36

0.01

-

-

-

-

-

Diluted (in dollars per share)

1.80

-0.15

-0.04

-0.27

-0.07

0.60

0.08

0.24

1.86

0.09

-0.17

0.01

0.10

0.18

0.18

0.21

0.26

-

0.35

0.01

-

-

-

-

-

Weighted average common shares outstanding
Weighted Average Number of Shares Outstanding, Basic

119,757

117,975

117,548

112,828

107,319

106,569

106,692

99,542

90,699

89,904

79,199

40,814

40,398

39,364

38,351

38,230

38,210

-

34,305

34,305

-

-

-

-

-

Diluted (in shares)

119,788

117,975

117,548

112,828

107,319

107,202

107,128

101,619

92,406

89,904

79,199

40,814

40,398

39,084

38,351

38,230

38,489

-

34,738

34,529

-

-

-

-

-

Net income (loss)

388,238

-29,417

-5,184

-55,485

-13,619

147,938

15,610

46,622

410,022

33,401

-39,990

4,413

21,074

34,675

33,023

39,286

51,356

42,942

69,539

7,565

77,444

-

41,418

30,842

-

Other comprehensive income (loss)
Foreign exchange translation adjustment, net of taxes

-10,396

8,582

-7,197

884

-3,744

-1,414

-666

-5,576

2,529

922

2,558

4,852

785

-2,948

519

-1,230

2,494

-4,850

3,596

1,632

-4,633

-

-3,520

-211

-

Net change in unrealized cash flow hedges gains (losses)

-55,602

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive income (loss)

322,240

-20,835

-12,381

-54,601

-17,363

146,524

14,944

41,046

412,551

34,323

-37,432

9,265

21,859

31,727

33,542

38,056

53,850

38,092

73,135

9,197

72,811

-

37,898

30,631

-

Less: Comprehensive income (loss) attributable to noncontrolling interest

138,523

-8,258

-3,598

-25,258

-8,554

66,458

6,708

18,972

236,559

23,010

-25,122

6,901

17,044

25,351

26,370

30,024

42,801

-

59,931

8,311

-

-

-

-

-

Comprehensive income (loss) attributable to common stockholders

183,717

-12,577

-8,783

-29,343

-8,809

80,066

8,236

22,074

175,992

11,313

-12,310

2,364

4,815

6,376

7,172

8,032

11,049

-

13,204

886

-

-

-

-

-