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Business Segment and Geographic Information | 12 Months Ended
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Dec. 31, 2018
Tradeweb Markets LLC |
Entity Information [Line Items] |
Business Segment and Geographic Information | 21. Business Segment and Geographic Information The Company operates electronic marketplaces for the trading of products across the rates, credit, money markets and equities asset classes and provides related pre-trade pricing and post-trade processing services. The Company’s operations constitute a single business segment because of the integrated nature of these marketplaces and services. Information regarding revenue by client sector is as follows (in thousands):
|  | Successor |  |  | Predecessor |  | Predecessor |  | Predecessor
|  | October 1, 2018 to |  |  | January 1, 2018 to |  | Year Ended |  | Year Ended
|  | December 31, 2018 |  |  | September 30, 2018 |  | December 31, 2017 |  | December 31, 2016
Net revenue: |  |  |  |  |  |  |  |  |  |  |  |  |
Institutional |  | $ | 103,971 |  |  | $ | 301,918 |  | $ | 318,038 |  | $ | 285,801
Wholesale |  |  | 38,153 |  |  |  | 99,028 |  |  | 118,451 |  |  | 109,945
Retail |  |  | 19,780 |  |  |  | 57,766 |  |  | 70,857 |  |  | 67,471
Market Data |  |  | 16,733 |  |  |  | 47,059 |  |  | 55,622 |  |  | 55,187
Other |  |  | — |  |  |  | (26,830) |  |  | (58,520) |  |  | (26,224)
Net revenue |  |  | 178,637 |  |  |  | 478,941 |  |  | 504,448 |  |  | 492,180
Operating expenses |  |  | 146,702 |  |  |  | 338,607 |  |  | 415,356 |  |  | 399,049
Operating income |  | $ | 31,935 |  |  | $ | 140,334 |  | $ | 89,092 |  | $ | 93,131
The Company operates in the U.S. and internationally, primarily in Europe and Asia. Revenues are attributed to geographic area based on the jurisdiction where the underlying transactions take place. Long-lived assets are attributed to the geographic area based on the location of the particular subsidiary. Information regarding revenue for October 1, 2018 to December 31, 2018, January 1, 2018 to September 30, 2018 and for the years ended December 31, 2017 and 2016 and long-lived assets as of December 31, 2018 and December 31, 2017 is as follows (in thousands):
|  | Successor |  |  | Predecessor |  | Predecessor |  | Predecessor
|  | October 1, 2018 to |  |  | January 1, 2018 to |  | Year Ended |  | Year Ended
|  | December 31, 2018 |  |  | September 30, 2018 |  | December 31, 2017 |  | December 31, 2016
Net revenue: |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 115,907 |  |  | $ | 324,304 |  | $ | 385,176 |  | $ | 365,308
International |  |  | 62,730 |  |  |  | 181,467 |  |  | 177,792 |  |  | 153,096
Gross revenue |  |  | 178,637 |  |  |  | 505,771 |  |  | 562,968 |  |  | 518,404
Contingent consideration |  |  | — |  |  |  | (26,830) |  |  | (58,520) |  |  | (26,224)
Total |  | $ | 178,637 |  |  | $ | 478,941 |  | $ | 504,448 |  | $ | 492,180
|  | Successor |  |  | Predecessor
|  | December 31, 2018 |  |  | December 31, 2017
Long-lived assets |  |  |  |  |  |  |
U.S. |  | $ | 4,276,568 |  |  | $ | 845,599
International |  |  | 7,787 |  |  |  | 7,987
Total |  | $ | 4,284,355 |  |  | $ | 853,586

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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