XML 13 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 559,889 $ 460,711
Restricted cash 1,000 1,000
Receivable from brokers and dealers and clearing organizations 66,821 30,641
Deposits with clearing organizations 10,955 9,724
Accounts receivable, net of allowance for credit losses of $115 and $195 at June 30, 2020 and December 31, 2019, respectively 101,512 92,814
Furniture, equipment, purchased software and leasehold improvements, net of accumulated depreciation and amortization 35,733 40,405
Right-of-use assets 25,012 24,504
Software development costs, net of accumulated amortization 171,155 173,086
Goodwill 2,694,797 2,694,797
Intangible assets, net of accumulated amortization 1,231,737 1,281,441
Receivable from affiliates 1,482 2,525
Deferred tax asset 525,534 256,450
Other assets 38,254 27,236
Total assets 5,463,881 5,095,334
Liabilities    
Payable to brokers and dealers and clearing organizations 66,697 30,452
Accrued compensation 71,879 119,415
Deferred revenue 27,428 23,990
Accounts payable, accrued expenses and other liabilities 39,258 32,834
Employee equity compensation payable 1,642 1,048
Lease liability 30,306 30,955
Payable to affiliates 3,164 1,506
Deferred tax liability 21,411 21,572
Tax receivable agreement liability 372,953 240,817
Total liabilities 634,738 502,589
Commitments and contingencies (Note 14)
Stockholders' Equity    
Preferred stock, $.00001 par value; 250,000,000 shares authorized; none issued or outstanding 0 0
Additional paid-in capital 3,922,559 3,329,386
Accumulated other comprehensive income (loss) (2,693) 1,366
Retained earnings 94,374 47,833
Total stockholders' equity attributable to Tradeweb Markets Inc. 4,014,242 3,378,588
Non-controlling interests 814,901 1,214,157
Total equity 4,829,143 4,592,745
Total liabilities and stockholders' equity 5,463,881 5,095,334
Class A Common Stock    
Stockholders' Equity    
Common stock 1 1
Class B Common Stock    
Stockholders' Equity    
Common stock 1 1
Class C Common Stock    
Stockholders' Equity    
Common stock 0 0
Class D Common Stock    
Stockholders' Equity    
Common stock $ 0 $ 1