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Consolidated Statements of Income - Tradeweb Markets LLC - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended
--- | --- | --- | ---
Dec. 31, 2018 | Sep. 30, 2018 | Dec. 31, 2017 | Dec. 31, 2016
Successor |  |  |  |
Revenues |  |  |  |
Gross revenue | $ 178,637,000 |  |  |
Net revenue | 178,637,000 |  |  |
Expenses |  |  |  |
Employee compensation and benefits | 80,436,000 |  |  |
Depreciation and amortization | 33,020,000 |  |  |
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 | 11,837,000 |  |  |
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 | 9,907,000 |  |  |
Professional fees | 8,194,000 |  |  |
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 | 3,308,000 |  |  |
Total Expenses | 146,702,000 |  |  |
Operating income | 31,935,000 |  |  |
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 | 787,000 |  |  |
Income before taxes | 32,722,000 |  |  |
Provision for income taxes | (3,415,000) |  |  |
Net income | $ 29,307,000 |  |  |
Net income per share (Note 18) |  |  |  |
Basic | $ 0.13 |  |  |
Diluted | $ 0.13 |  |  |
Weighted average number of shares outstanding |  |  |  |
Basic | 222,221,628 |  |  |
Diluted | 222,243,851 |  |  |
Successor | Transaction Fee Revenue |  |  |  |
Revenues |  |  |  |
Gross revenue | $ 97,130,000 |  |  |
Successor | Subscription Fee Revenue |  |  |  |
Revenues |  |  |  |
Gross revenue | 33,052,000 |  |  |
Successor | Commissions Revenue |  |  |  |
Revenues |  |  |  |
Gross revenue | 32,840,000 |  |  |
Successor | Refinitiv Market Data Fees |  |  |  |
Revenues |  |  |  |
Gross revenue | 13,467,000 |  |  |
Successor | Other |  |  |  |
Revenues |  |  |  |
Gross revenue | $ 2,148,000 |  |  |
Predecessor |  |  |  |
Revenues |  |  |  |
Gross revenue |  | $ 505,771,000 | $ 562,968,000 | $ 518,404,000
Contingent consideration to related parties |  | (26,830,000) | (58,520,000) | (26,224,000)
Net revenue |  | 478,941,000 | 504,448,000 | 492,180,000
Expenses |  |  |  |
Employee compensation and benefits |  | 209,053,000 | 248,963,000 | 228,584,000
Depreciation and amortization |  | 48,808,000 | 68,615,000 | 80,859,000
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 |  | 23,056,000 | 33,973,000 | 27,392,000
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 |  | 26,598,000 | 30,013,000 | 28,239,000
Professional fees |  | 20,360,000 | 19,351,000 | 18,158,000
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 |  | 10,732,000 | 14,441,000 | 15,817,000
Total Expenses |  | 338,607,000 | 415,356,000 | 399,049,000
Operating income |  | 140,334,000 | 89,092,000 | 93,131,000
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 |  | 1,726,000 | 1,140,000 | 644,000
Interest expense from related parties |  |  | (455,000) | (1,339,000)
Income before taxes |  | 142,060,000 | 89,777,000 | 92,436,000
Provision for income taxes |  | (11,900,000) | (6,129,000) | 725,000
Net income |  | $ 130,160,000 | $ 83,648,000 | $ 93,161,000
Net income per share (Note 18) |  |  |  |
Basic |  | $ 0.60 | $ 0.39 | $ 0.44
Diluted |  | $ 0.60 | $ 0.39 | $ 0.44
Weighted average number of shares outstanding |  |  |  |
Basic |  | 215,365,920 | 212,568,635 | 210,979,704
Diluted |  | 215,365,920 | 212,568,635 | 210,979,704
Predecessor | Transaction Fee Revenue |  |  |  |
Revenues |  |  |  |
Gross revenue |  | $ 273,751,000 | $ 267,020,000 | $ 230,171,000
Predecessor | Subscription Fee Revenue |  |  |  |
Revenues |  |  |  |
Gross revenue |  | 107,130,000 | 144,409,000 | 141,419,000
Predecessor | Commissions Revenue |  |  |  |
Revenues |  |  |  |
Gross revenue |  | 79,830,000 | 96,745,000 | 91,663,000
Predecessor | Refinitiv Market Data Fees |  |  |  |
Revenues |  |  |  |
Gross revenue |  | 36,851,000 | 50,125,000 | 50,564,000
Predecessor | Other |  |  |  |
Revenues |  |  |  |
Gross revenue |  | $ 8,209,000 | $ 4,669,000 | $ 4,587,000

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