S-1 Filing
Filing Information
| Form Type | S-1 |
| Accession Number | 0001104659-19-054160 |
| Period End Date | 20190630 |
| Filing Date | 20191015 |
| Fiscal Year | N/A |
| Fiscal Period | N/A |
| XBRL Instance | tw-20191014.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
12 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$313.58M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$410.10M | USD | Point-in-time |
| Total assets |
Assets
|
$5.00B | USD | Point-in-time |
| Total assets |
Assets
|
$5.07B | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$2.85B | USD | Point-in-time |
| Total stockholders' equity attributable to Tradeweb Markets Inc./members' equity |
StockholdersEquity
|
$4.57B | USD | Point-in-time |
| Total stockholders' equity attributable to Tradeweb Markets Inc./members' equity |
StockholdersEquity
|
$2.85B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.57B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.45B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.60B | USD | Point-in-time |
| Total liabilities and stockholders' equity/members' capital |
LiabilitiesAndStockholdersEquity
|
$5.00B | USD | Point-in-time |
| Total liabilities and stockholders' equity/members' capital |
LiabilitiesAndStockholdersEquity
|
$5.07B | USD | Point-in-time |
Income Statement
38 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Gross revenue |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$190.49M | USD | 1 Quarter |
| Gross revenue |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$377.28M | USD | 2 Qtrs |
| Contingent consideration to related parties |
ContingentConsiderationRelatedParties
|
$29.37M | USD | 2 Qtrs |
| Contingent consideration to related parties |
ContingentConsiderationRelatedParties
|
$19.30M | USD | 1 Quarter |
| Net revenue |
Revenues
|
$377.28M | USD | 2 Qtrs |
| Net revenue |
Revenues
|
$190.49M | USD | 1 Quarter |
| Employee compensation and benefits |
LaborAndRelatedExpense
|
$173.27M | USD | 2 Qtrs |
| Employee compensation and benefits |
LaborAndRelatedExpense
|
$96.00M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$67.80M | USD | 2 Qtrs |
| Depreciation and amortization |
DepreciationAndAmortization
|
$34.29M | USD | 1 Quarter |
| General and administrative including from related parties of $180, $539, $719 and $740 in the period ended December 31, 2018, September 30, 2018, December 31, 2017 and December 31, 2016, respectively |
OtherGeneralAndAdministrativeExpense
|
$18.45M | USD | 2 Qtrs |
| General and administrative including from related parties of $180, $539, $719 and $740 in the period ended December 31, 2018, September 30, 2018, December 31, 2017 and December 31, 2016, respectively |
OtherGeneralAndAdministrativeExpense
|
$9.37M | USD | 1 Quarter |
| Technology and communications including from related parties of $740, $2,220, $2,960 and $2,960 in the period ended December 31, 2018, September 30, 2018, December 31, 2017 and December 31, 2016, respectively |
CommunicationsAndInformationTechnology
|
$19.56M | USD | 2 Qtrs |
| Technology and communications including from related parties of $740, $2,220, $2,960 and $2,960 in the period ended December 31, 2018, September 30, 2018, December 31, 2017 and December 31, 2016, respectively |
CommunicationsAndInformationTechnology
|
$9.52M | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$6.74M | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$13.71M | USD | 2 Qtrs |
| Occupancy including from related parties of $155, $466, $621 and $600 in the period ended December 31, 2018, September 30, 2018, December 31, 2017 and December 31, 2016, respectively |
OccupancyNet
|
$7.26M | USD | 2 Qtrs |
| Occupancy including from related parties of $155, $466, $621 and $600 in the period ended December 31, 2018, September 30, 2018, December 31, 2017 and December 31, 2016, respectively |
OccupancyNet
|
$3.62M | USD | 1 Quarter |
| Total expenses |
CostsAndExpenses
|
$159.53M | USD | 1 Quarter |
| Total expenses |
CostsAndExpenses
|
$300.05M | USD | 2 Qtrs |
| Operating income |
OperatingIncomeLoss
|
$30.95M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$77.23M | USD | 2 Qtrs |
| Interest income including from related parties of $17, $34, $40 and $80 in the period ended December 31, 2018, September 30, 2018, December 31, 2017 and December 31, 2016, respectively |
InvestmentIncomeInterest
|
$1.03M | USD | 2 Qtrs |
| Interest income including from related parties of $17, $34, $40 and $80 in the period ended December 31, 2018, September 30, 2018, December 31, 2017 and December 31, 2016, respectively |
InvestmentIncomeInterest
|
$175.00K | USD | 1 Quarter |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$78.27M | USD | 2 Qtrs |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$31.13M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$6.31M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$11.10M | USD | 2 Qtrs |
| Net income attributable to Tradeweb Markets Inc. |
NetIncomeLoss
|
$12.83M | USD | 2 Qtrs |
| Net income attributable to Tradeweb Markets Inc. |
NetIncomeLoss
|
$12.83M | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.09 | USD | 2 Qtrs |
| Basic |
EarningsPerShareBasic
|
$0.09 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.09 | USD | 2 Qtrs |
| Diluted |
EarningsPerShareDiluted
|
$0.09 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
142.93M | shares | 2 Qtrs |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
142.93M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
150.85M | shares | 2 Qtrs |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
150.85M | shares | 1 Quarter |
Cash Flow Statement
37 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$313.58M | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$410.10M | USD | Point-in-time |
| Net income |
ProfitLoss
|
$42.35M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$24.82M | USD | 1 Quarter |
| Restricted cash |
RestrictedCash
|
$1.20M | USD | Point-in-time |
| Restricted cash |
RestrictedCash
|
$1.20M | USD | Point-in-time |
| Net income |
ProfitLoss
|
$67.17M | USD | 2 Qtrs |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Total |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$411.30M | USD | Point-in-time |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Total |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$314.78M | USD | Point-in-time |
| Depreciation and amortization |
DepreciationAndAmortization
|
$67.80M | USD | 2 Qtrs |
| Depreciation and amortization |
DepreciationAndAmortization
|
$34.29M | USD | 1 Quarter |
| Deferred taxes |
DeferredIncomeTaxExpenseBenefit
|
$-3.60M | USD | 2 Qtrs |
| Receivable from brokers and dealers and clearing organizations |
IncreaseDecreaseInBrokerageReceivables
|
$80.66M | USD | 2 Qtrs |
| Deposits with clearing organizations |
IncreaseDecreaseInDepositOtherAssets
|
$1.97M | USD | 2 Qtrs |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$5.76M | USD | 2 Qtrs |
| Receivable from affiliates |
IncreaseDecreaseDueFromAffiliates
|
$-394.00K | USD | 2 Qtrs |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$8.82M | USD | 2 Qtrs |
| Payable to brokers and dealers and clearing organizations |
IncreaseDecreaseInPayablesToBrokerDealers
|
$83.95M | USD | 2 Qtrs |
| Accrued compensation |
IncreaseDecreaseInEmployeeRelatedLiabilities
|
$-51.57M | USD | 2 Qtrs |
| Deferred revenue |
IncreaseDecreaseInDeferredRevenue
|
$-2.61M | USD | 2 Qtrs |
| Accounts payable, accrued expenses and other liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-3.66M | USD | 2 Qtrs |
| Employee equity compensation payable |
IncreaseDecreaseInEquityCompensationPayable
|
$-16.73M | USD | 2 Qtrs |
| Payable to affiliates |
IncreaseDecreaseInDueToAffiliates
|
$1.08M | USD | 2 Qtrs |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$76.97M | USD | 2 Qtrs |
| Purchase of furniture, equipment, software and leasehold improvements |
PaymentsToAcquirePropertyPlantAndEquipment
|
$3.79M | USD | 2 Qtrs |
| Capitalized software development costs |
PaymentsForSoftware
|
$13.91M | USD | 2 Qtrs |
| Net cash (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-17.71M | USD | 2 Qtrs |
| Mezzanine capital distributions |
PaymentsOfCapitalDistribution
|
$120.00M | USD | 2 Qtrs |
| Net cash (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-155.65M | USD | 2 Qtrs |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$-138.00K | USD | 2 Qtrs |
| Net decrease in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-96.52M | USD | 2 Qtrs |
| Beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$411.30M | USD | Point-in-time |
| Beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$314.78M | USD | Point-in-time |
| End of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$411.30M | USD | Point-in-time |
| End of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$314.78M | USD | Point-in-time |
| Income taxes paid |
IncomeTaxesPaid
|
$24.99M | USD | 2 Qtrs |
| Conversion of certain cash-settled PRSUs to equity settled PRSUs |
LimitedLiabilityCompanyLLCMembersEquityUnitBasedCompensation
|
$4.67M | USD | 1 Quarter |
Stockholders Equity
22 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Equity at beginning of period |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.57B | USD | Point-in-time |
| Equity at beginning of period |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.45B | USD | Point-in-time |
| Equity at beginning of period |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.60B | USD | Point-in-time |
| Adjustment to Class C Shares and Class P shares in mezzanine capital |
AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock
|
$2.37M | USD | 1 Quarter |
| Effect of the reorganization transactions |
EffectOfReorganizationTransactions
|
$23.27M | USD | 1 Quarter |
| Issuance of common stock, net of offering costs and cancellations |
StockIssuedDuringPeriodValueNewIssues
|
$-15.85M | USD | 1 Quarter |
| Tax receivable agreement liability and deferred taxes arising from the reorganization transactions and IPO |
AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiabilityAndDeferredTaxesReorganizationTransactionAndIpo
|
$78.23M | USD | 1 Quarter |
| Distributions to non-controlling interests |
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
$11.91M | USD | 1 Quarter |
| Dividends ($0.08 per share) |
Dividends
|
$11.44M | USD | 1 Quarter |
| Capital distributions |
DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsDeclared
|
$100.00M | USD | 1 Quarter |
| Capital distributions |
DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsDeclared
|
$20.00M | USD | 1 Quarter |
| Stock-based compensation |
LimitedLiabilityCompanyLLCMembersEquityUnitBasedCompensation
|
$4.67M | USD | 1 Quarter |
| Share-based compensation expense under the PRSU Plan |
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
|
$6.76M | USD | 1 Quarter |
| Share-based compensation expense under the Option Plan |
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
$20.40M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$42.35M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$24.82M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$67.17M | USD | 2 Qtrs |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$988.00K | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-1.01M | USD | 1 Quarter |
| Equity at end of period |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.57B | USD | Point-in-time |
| Equity at end of period |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.45B | USD | Point-in-time |
| Equity at end of period |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.60B | USD | Point-in-time |
Comprehensive Income
12 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income attributable to Tradeweb Markets |
NetIncomeLoss
|
$12.83M | USD | 2 Qtrs |
| Net income attributable to Tradeweb Markets |
NetIncomeLoss
|
$12.83M | USD | 1 Quarter |
| Foreign currency translation adjustments attributable to non-controlling interests |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$-647.00K | USD | 2 Qtrs |
| Foreign currency translation adjustments attributable to non-controlling interests |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$-647.00K | USD | 1 Quarter |
| Comprehensive income attributable to non-controlling interests |
ComprehensiveIncomeNetOfTax
|
$12.18M | USD | 2 Qtrs |
| Comprehensive income attributable to non-controlling interests |
ComprehensiveIncomeNetOfTax
|
$12.18M | USD | 1 Quarter |
| Net income attributable to non-controlling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$11.99M | USD | 1 Quarter |
| Net income attributable to non-controlling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$11.99M | USD | 2 Qtrs |
| Foreign currency translation adjustments attributable to noncontrolling interests |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
|
$-359.00K | USD | 2 Qtrs |
| Foreign currency translation adjustments attributable to noncontrolling interests |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
|
$-359.00K | USD | 1 Quarter |
| Comprehensive income attributable to non-controlling interests |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$11.63M | USD | 2 Qtrs |
| Comprehensive income attributable to non-controlling interests |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$11.63M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.