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Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($)
$ in Thousands
Total
Class A Common Stock
Class C Common Stock
Class D Common Stock
Total Virtu Financial Inc. Stockholders' Equity
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)
Noncontrolling Interest
Balance at beginning period (in shares) at Dec. 31, 2022           133,071,754 9,030,066 60,091,740          
Balance at beginning of period at Dec. 31, 2022 $ 1,651,427       $ 1,341,899 $ 1 $ 0 $ 1 $ (954,637) $ 1,292,613 $ 972,317 $ 31,604 $ 309,528
Balance at beginning period (in shares) at Dec. 31, 2022                 (34,522,290)        
Increase (decrease) in stockholder's/members' equity                          
Share based compensation (in shares)           2,393,550              
Share based compensation 31,030       31,030         31,030      
Repurchase of Class C common stock (in shares)             (21,498)            
Repurchase of Class C common stock (424)       (424)         (424)      
Treasury stock purchases (in shares)           (902,947)     (3,932,499)        
Treasury stock purchases (93,218)       (93,218)       $ (75,568)   (17,650)    
Net Income 110,083       57,881           57,881   52,202
Foreign exchange translation adjustment 1,648       980             980 668
Net change in unrealized cash flow hedges gains (13,168)       (7,834)             (7,834) (5,334)
Dividends ($0.24 per share of Class A common stock and participating Restricted Stock Units and Restricted Stock Awards) and distributions from Virtu Financial to noncontrolling interest (52,004)       (24,696)           (24,696)   (27,308)
Issuance of common stock in connection with employee exchanges (in shares)           152,037              
Repurchase of Virtu Financial Units and corresponding number of Class C common stock in connection with employee exchanges (in shares)             (152,037)            
Balance at end of period (in shares) at Mar. 31, 2023           134,714,394 8,856,531 60,091,740          
Balance at end of period at Mar. 31, 2023 1,635,374       1,305,618 $ 1 $ 0 $ 1 $ (1,030,205) 1,323,219 987,852 24,750 329,756
Balance at end of period (in shares) at Mar. 31, 2023                 (38,454,789)        
Balance at beginning period (in shares) at Dec. 31, 2022           133,071,754 9,030,066 60,091,740          
Balance at beginning of period at Dec. 31, 2022 1,651,427       1,341,899 $ 1 $ 0 $ 1 $ (954,637) 1,292,613 972,317 31,604 309,528
Balance at beginning period (in shares) at Dec. 31, 2022                 (34,522,290)        
Increase (decrease) in stockholder's/members' equity                          
Net Income 139,626                        
Foreign exchange translation adjustment 4,175                        
Net change in unrealized cash flow hedges gains (4,966)                        
Balance at end of period (in shares) at Jun. 30, 2023           134,725,247 8,856,531 60,091,740          
Balance at end of period at Jun. 30, 2023 1,552,301       1,275,100 $ 1 $ 0 $ 1 $ (1,071,784) 1,335,269 980,481 31,132 277,201
Balance at end of period (in shares) at Jun. 30, 2023                 (40,720,600)        
Balance at beginning period (in shares) at Mar. 31, 2023           134,714,394 8,856,531 60,091,740          
Balance at beginning of period at Mar. 31, 2023 1,635,374       1,305,618 $ 1 $ 0 $ 1 $ (1,030,205) 1,323,219 987,852 24,750 329,756
Balance at beginning period (in shares) at Mar. 31, 2023                 (38,454,789)        
Increase (decrease) in stockholder's/members' equity                          
Share based compensation (in shares)           20,000              
Share based compensation 12,050       12,050         12,050      
Treasury stock purchases (in shares)           (9,147)     (2,265,811)        
Treasury stock purchases (41,744)       (41,744)       $ (41,579)   (165)    
Net Income 29,544       16,702           16,702   12,842
Foreign exchange translation adjustment 2,527       1,503             1,503 1,024
Net change in unrealized cash flow hedges gains 8,202       4,879             4,879 3,323
Dividends ($0.24 per share of Class A common stock and participating Restricted Stock Units and Restricted Stock Awards) and distributions from Virtu Financial to noncontrolling interest (93,652)       (23,908)           (23,908)   (69,744)
Balance at end of period (in shares) at Jun. 30, 2023           134,725,247 8,856,531 60,091,740          
Balance at end of period at Jun. 30, 2023 1,552,301       1,275,100 $ 1 $ 0 $ 1 $ (1,071,784) 1,335,269 980,481 31,132 277,201
Balance at end of period (in shares) at Jun. 30, 2023                 (40,720,600)        
Balance at beginning period (in shares) at Dec. 31, 2023   89,092,686 8,607,998 60,091,740   134,901,037 8,607,998 60,091,740          
Balance at beginning of period at Dec. 31, 2023 $ 1,405,356       1,202,727 $ 1 $ 0 $ 1 $ (1,166,299) 1,351,574 1,000,403 17,047 202,629
Balance at beginning period (in shares) at Dec. 31, 2023 (45,808,351)               (45,808,351)        
Increase (decrease) in stockholder's/members' equity                          
Share based compensation (in shares)           2,596,226              
Share based compensation $ 28,883       28,883         28,883      
Treasury stock purchases (in shares)           (946,267)     (1,959,076)        
Treasury stock purchases (51,902)       (51,902)       $ (35,889)   (16,013)    
Net Income 111,308       55,817           55,817   55,491
Foreign exchange translation adjustment (3,526)       (2,037)             (2,037) (1,489)
Net change in unrealized cash flow hedges gains 1,547       894             894 653
Dividends ($0.24 per share of Class A common stock and participating Restricted Stock Units and Restricted Stock Awards) and distributions from Virtu Financial to noncontrolling interest (67,589)       (22,660)           (22,660)   (44,929)
Balance at end of period (in shares) at Mar. 31, 2024           136,550,996 8,607,998 60,091,740          
Balance at end of period at Mar. 31, 2024 1,424,077       1,211,722 $ 1 $ 0 $ 1 $ (1,202,188) 1,380,457 1,017,547 15,904 212,355
Balance at end of period (in shares) at Mar. 31, 2024                 (47,767,427)        
Balance at beginning period (in shares) at Dec. 31, 2023   89,092,686 8,607,998 60,091,740   134,901,037 8,607,998 60,091,740          
Balance at beginning of period at Dec. 31, 2023 $ 1,405,356       1,202,727 $ 1 $ 0 $ 1 $ (1,166,299) 1,351,574 1,000,403 17,047 202,629
Balance at beginning period (in shares) at Dec. 31, 2023 (45,808,351)               (45,808,351)        
Increase (decrease) in stockholder's/members' equity                          
Net Income $ 239,425                        
Foreign exchange translation adjustment (3,090)                        
Net change in unrealized cash flow hedges gains (11,363)                        
Balance at end of period (in shares) at Jun. 30, 2024   87,439,686 8,607,998 60,091,740   136,591,706 8,607,998 60,091,740          
Balance at end of period at Jun. 30, 2024 $ 1,428,824       1,230,944 $ 1 $ 0 $ 1 $ (1,233,432) 1,394,091 1,061,574 8,709 197,880
Balance at end of period (in shares) at Jun. 30, 2024 (49,152,020)               (49,152,020)        
Balance at beginning period (in shares) at Mar. 31, 2024           136,550,996 8,607,998 60,091,740          
Balance at beginning of period at Mar. 31, 2024 $ 1,424,077       1,211,722 $ 1 $ 0 $ 1 $ (1,202,188) 1,380,457 1,017,547 15,904 212,355
Balance at beginning period (in shares) at Mar. 31, 2024                 (47,767,427)        
Increase (decrease) in stockholder's/members' equity                          
Share based compensation (in shares)           20,000              
Share based compensation 13,076       13,076         13,076      
Treasury stock purchases (in shares)           (8,665)     (1,384,593)        
Treasury stock purchases (31,435)       (31,435)       $ (31,244)   (191)    
Stock options exercised (in shares)           29,375              
Stock options exercised 558       558         558      
Net Income 128,117       66,586           66,586   61,531
Foreign exchange translation adjustment 436       221             221 215
Net change in unrealized cash flow hedges gains (12,910)       (7,416)             (7,416) (5,494)
Dividends ($0.24 per share of Class A common stock and participating Restricted Stock Units and Restricted Stock Awards) and distributions from Virtu Financial to noncontrolling interest (93,095)       (22,368)           (22,368)   (70,727)
Balance at end of period (in shares) at Jun. 30, 2024   87,439,686 8,607,998 60,091,740   136,591,706 8,607,998 60,091,740          
Balance at end of period at Jun. 30, 2024 $ 1,428,824       $ 1,230,944 $ 1 $ 0 $ 1 $ (1,233,432) $ 1,394,091 $ 1,061,574 $ 8,709 $ 197,880
Balance at end of period (in shares) at Jun. 30, 2024 (49,152,020)               (49,152,020)