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Intangible Assets and Goodwill (Tables) - Tradeweb Markets LLC

12 Months Ended

Dec. 31, 2018

Entity Information [Line Items]

Summary of goodwill

The following is a summary of goodwill (in thousands):

		Successor				Predecessor
		December 31,				December 31,
		2018				2017
Refinitiv Transaction		$	2,694,797			$	—
TR Acquisition			—				334,185
Merger			—				66,484
RaffCap Business			—				49,200
BondDesk			—				103,158
Other			—				10,394
Total		$	2,694,797			$	563,421

Summary of intangible assets which have an indefinite useful life

The following is a summary of intangible assets which have an indefinite useful life (in thousands):

		Successor				Predecessor
		December 31,				December 31,
		2018				2017
Licences		$	168,800			$	12,000
Tradename			154,300				—
Total		$	323,100			$	12,000

Intangible assets that are subject to amortization

Intangible assets that are subject to amortization, including the related accumulated amortization, are comprised as follows (in thousands):

				Successor										Predecessor
				December 31, 2018										December 31, 2017
		Amortization					Accumulated			Net Carrying							Accumulated			Net Carrying
		Period		Cost			Amortization			Amount				Cost			Amortization			Amount
Customer relationships - Refinitiv Transaction		12 Years		$	928,200		$	(19,338)		$	908,862			$	—		$	—		$	—
Content and data		7 Years			154,400			(5,514)			148,886				—			—			—
Customer relationships - Fixed Income Business		13 Years			—			—			—				155,284			(155,270)			14
Customer relationships - DW		11 Years			—			—			—				65,000			(42,348)			22,652
Customer relationships - RaffCap		12 Years			—			—			—				17,600			(9,166)			8,434
Customer relationships - BondDesk		15 Years			—			—			—				104,000			(28,806)			75,194
Customer relationships - Other		10 Years			—			—			—				2,100			(385)			1,715
Tradenames		10 Years			—			—			—				200			(125)			75
Liquidity contracts		16 Years			—			—			—				185,000			(82,865)			102,135
				$	1,082,600		$	(24,852)		$	1,057,748			$	529,184		$	(318,965)		$	210,219

Estimated annual future amortization for existing intangible assets

The estimated annual future amortization for existing intangibles assets through December 31, 2023 is as follows (in thousands):

Year		Amount
2019		$	99,408
2020			99,408
2021			99,408
2022			99,408
2023			99,408

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