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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 424,357 $ 460,711
Restricted cash 1,000 1,000
Receivable from brokers and dealers and clearing organizations 95,908 30,641
Deposits with clearing organizations 11,307 9,724
Accounts receivable, net of allowance for credit losses of $150 and $195 at March 31, 2020 and December 31, 2019, respectively 133,468 92,814
Furniture, equipment, purchased software and leasehold improvements, net of accumulated depreciation and amortization 37,061 40,405
Right-of-use assets 27,281 24,504
Software development costs, net of accumulated amortization 172,100 173,086
Goodwill 2,694,797 2,694,797
Intangible assets, net of accumulated amortization 1,256,589 1,281,441
Receivable from affiliates 1,506 2,525
Deferred tax asset 291,920 256,450
Other assets 37,422 27,236
Total assets 5,184,716 5,095,334
Liabilities    
Payable to brokers and dealers and clearing organizations 55,157 30,452
Accrued compensation 58,016 119,415
Deferred revenue 26,269 23,990
Accounts payable, accrued expenses and other liabilities 46,134 32,834
Employee equity compensation payable 1,037 1,048
Lease liability 33,366 30,955
Payable to affiliates 2,288 1,506
Deferred tax liability 21,572 21,572
Tax receivable agreement liability 252,029 240,817
Total liabilities 495,868 502,589
Commitments and contingencies (Note 14)
Stockholders' Equity    
Preferred stock, $.00001 par value; 250,000,000 shares authorized; none issued or outstanding
Additional paid-in capital 3,426,625 3,329,386
Accumulated other comprehensive income (loss) (2,179) 1,366
Retained earnings 78,361 47,833
Total stockholders' equity attributable to Tradeweb Markets Inc. 3,502,809 3,378,588
Non-controlling interests 1,186,039 1,214,157
Total equity 4,688,848 4,592,745
Total liabilities and stockholders' equity 5,184,716 5,095,334
Class A common stock    
Stockholders' Equity    
Common stock 1 1
Total equity 1 1
Class B common stock    
Stockholders' Equity    
Common stock 1 1
Total equity 1 1
Class C common stock    
Stockholders' Equity    
Common stock
Class D common stock    
Stockholders' Equity    
Common stock   1
Total equity   $ 1