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Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 959,719 $ 972,048
Restricted cash 1,000 1,000
Receivable from brokers and dealers and clearing organizations 1,646 0
Deposits with clearing organizations 25,990 20,523
Accounts receivable, net of allowance for credit losses of $117 and $273 at June 30, 2022 and December 31, 2021, respectively 155,426 129,937
Furniture, equipment, purchased software and leasehold improvements, net of accumulated depreciation and amortization 35,300 31,060
Lease right-of-use assets 26,915 20,496
Software development costs, net of accumulated amortization 148,483 156,203
Goodwill 2,780,259 2,780,259
Intangible assets, net of accumulated amortization 1,126,417 1,180,016
Receivable from affiliates 5,814 3,313
Deferred tax asset 638,572 618,970
Other assets 83,997 76,355
Total assets 5,989,538 5,990,180
Liabilities    
Payable to brokers and dealers and clearing organizations 1,644 0
Accrued compensation 90,774 154,824
Deferred revenue 23,862 24,930
Accounts payable, accrued expenses and other liabilities 39,783 38,832
Lease liabilities 29,922 24,331
Payable to affiliates 3,358 4,860
Deferred tax liability 20,274 21,011
Tax receivable agreement liability 409,153 412,449
Total liabilities 618,770 681,237
Commitments and contingencies (Note 12)
Equity    
Preferred stock, $0.00001 par value; 250,000,000 shares authorized; none issued or outstanding 0 0
Additional paid-in capital 4,420,405 4,401,366
Accumulated other comprehensive income (loss) (10,404) 1,604
Retained earnings 304,899 242,623
Total stockholders’ equity attributable to Tradeweb Markets Inc. 4,714,902 4,645,595
Non-controlling interests 655,866 663,348
Total equity 5,370,768 5,308,943
Total liabilities and equity 5,989,538 5,990,180
Class A Common Stock    
Equity    
Common stock 1 1
Class B Common Stock    
Equity    
Common stock 1 1
Class C Common Stock    
Equity    
Common stock 0 0
Class D Common Stock    
Equity    
Common stock $ 0 $ 0