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Business Segment and Geographic Information

12 Months Ended

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

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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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

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