XML 30 R5.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Changes in Equity - USD ($)
$ in Thousands
Total
Common Stock
Class A Common Stock
Common Stock
Class C Common Stock
Common Stock
Class D Common Stock
Treasury Stock
Additional Paid-in Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income (Loss)
Total Virtu Financial Inc. Stockholders' Equity
Non-Controlling Interest
Balance at beginning period (in shares) at Dec. 31, 2017   90,415,532 17,880,239 79,610,490 616,923          
Balance at beginning of period at Dec. 31, 2017 $ 1,151,578 $ 1 $ 0 $ 1 $ (11,041) $ 900,746 $ (62,129) $ 2,991 $ 830,569 $ 321,009
Increase (decrease) in stockholder's/members' equity                    
Share based compensation (in shares)   1,027,861                
Share based compensation 34,909         34,909     34,909  
Repurchase of Class C common stock (in shares)     (210,891)              
Repurchase of Class C common stock (8,216)           (8,216)   (8,216)  
Treasury stock purchases (in shares)   (1,007,230)     (1,561,848)          
Treasury stock purchases (66,218)       $ (43,964)   (22,254)   (66,218)  
Stock options exercised (in shares)   4,080,673                
Stock options exercised 76,754         76,754     76,754  
Net income (loss) 620,192           289,441   289,441 330,751
Foreign exchange translation adjustment (5,127)             (3,073) (3,073) (2,054)
Net change in unrealized cash flow hedges gains (losses), net of taxes 0                  
Distribution from Virtu Financial to non-controlling interest (206,903)                 (206,903)
Dividends (100,329)           (100,329)   (100,329)  
Issuance of common stock in connection with employee exchanges (in shares)   3,919,462                
Issuance of common stock in connection with secondary offering, net of offering costs (in shares)   10,518,750   (10,518,750)            
Issuance of Common Stock in connection with secondary offering, net of offering costs (950)         (950)     (950)  
Repurchase of Virtu Financial Units and corresponding number of Class C common stock in connection with employee exchanges (in shares)     (3,919,462)              
Issuance of tax receivable agreements in connection with employee exchange (991)         (991)     (991)  
Balance at end of period (in shares) at Dec. 31, 2018   108,955,048 13,749,886 69,091,740 2,178,771          
Balance at end of period at Dec. 31, 2018 1,494,699 $ 1 $ 0 $ 1 $ (55,005) 1,010,468 96,513 (82) 1,051,896 442,803
Increase (decrease) in stockholder's/members' equity                    
Share based compensation (in shares)   2,226,676                
Share based compensation 72,381         72,381     72,381  
Repurchase of Class C common stock (in shares)     (9,541)              
Repurchase of Class C common stock (196)         (196)     (196)  
Treasury stock purchases (in shares)   (720,323)     0          
Treasury stock purchases (15,878)       $ 0   (15,878)   (15,878)  
Stock options exercised (in shares)   121,344                
Stock options exercised 931         931     931  
Net income (loss) (103,705)           (58,595)   (58,595) (45,110)
Foreign exchange translation adjustment (1,475)             (565) (565) (910)
Net change in unrealized cash flow hedges gains (losses), net of taxes 0                  
Distribution from Virtu Financial to non-controlling interest (99,221)                 (99,221)
Dividends (112,414)           (112,414)   (112,414)  
Issuance of common stock in connection with employee exchanges (in shares)   853,167                
Issuance of common stock in connection with secondary offering, net of offering costs (in shares)   9,000,000   (9,000,000)            
Issuance of Common Stock in connection with secondary offering, net of offering costs (375)         (375)     (375)  
Repurchase of Virtu Financial Units and corresponding number of Class C common stock in connection with employee exchanges (in shares)     (853,167)              
Issuance of tax receivable agreements in connection with employee exchange (5,811)         (5,811)     (5,811)  
Balance at end of period (in shares) at Dec. 31, 2019   120,435,912 12,887,178 60,091,740 2,178,771          
Balance at end of period at Dec. 31, 2019 1,228,936 $ 1 $ 0 $ 1 $ (55,005) 1,077,398 (90,374) (647) 931,374 297,562
Increase (decrease) in stockholder's/members' equity                    
Share based compensation (in shares)   2,489,483                
Share based compensation 56,629         56,629     56,629  
Repurchase of Class C common stock (in shares)     0              
Repurchase of Class C common stock 0         0     0  
Treasury stock purchases (in shares)   (867,984)     (1,436,326)          
Treasury stock purchases (49,864)       $ (33,918)   (15,946)   (49,864)  
Stock options exercised (in shares)   909,627                
Stock options exercised 16,440         16,440     16,440  
Warrants issued 11,488         11,488     11,488  
Net income (loss) 1,120,913           649,197   649,197 471,716
Foreign exchange translation adjustment 15,318             8,604 8,604 6,714
Net change in unrealized cash flow hedges gains (losses), net of taxes (59,019)             (33,444) (33,444) (25,575)
Distribution from Virtu Financial to non-controlling interest (363,919)                 (363,919)
Dividends (120,496)           (120,496)   (120,496)  
Issuance of common stock in connection with employee exchanges (in shares)   2,660,239                
Issuance of common stock in connection with secondary offering, net of offering costs (in shares)   0   0            
Issuance of Common Stock in connection with secondary offering, net of offering costs 0         0     0  
Repurchase of Virtu Financial Units and corresponding number of Class C common stock in connection with employee exchanges (in shares)     (2,660,239)              
Issuance of tax receivable agreements in connection with employee exchange (1,388)         (1,388)     (1,388)  
Balance at end of period (in shares) at Dec. 31, 2020   125,627,277 10,226,939 60,091,740 3,615,097          
Balance at end of period at Dec. 31, 2020 $ 1,855,038 $ 1 $ 0 $ 1 $ (88,923) $ 1,160,567 $ 422,381 $ (25,487) $ 1,468,540 $ 386,498