MARKETAXESS HOLDINGS INC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $126.2m $148.1m $172.9m $204.9m $299.4m $257.9m $250.2m $258.1m $274.2m $246.6m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $246.9m
Net Income (Loss) Attributable to Noncontrolling Interest $285k
Depreciation and amortization $17.8m $19.3m $23.1m $26.9m $36.0m $53.4m $61.4m $70.6m $73.8m $76.7m
Amortization of Intangible Assets $700k $400k $400k $800k $3.9m $13.4m $16.4m $18.6m $19.8m $19.9m
Depreciation, Amortization and Accretion, Net $17.8m $19.3m $23.1m $26.9m $36.0m $53.4m $61.4m $70.6m $73.8m $76.7m
Deferred Income Tax Expense (Benefit) $6.7m $6.6m ($1.2m) $2.7m $10.1m $3.1m ($6.5m) ($5.8m) ($3.9m) $22.0m
Share-based Payment Arrangement, Noncash Expense $14.5m $14.4m $15.8m $25.3m $25.6m $27.3m $29.9m $29.2m $29.7m $30.9m
Payment, Tax Withholding, Share-based Payment Arrangement $5.2m $27.7m $8.0m $25.8m $42.4m $33.9m $23.4m $25.8m $16.2m $17.2m
Share-based Payment Arrangement, Expense $32.7m
Income (Loss) from Equity Method Investments $1.1m $735k $1.4m $457k
Income Tax Expense (Benefit) $65.4m $53.7m $45.2m $52.5m $75.0m $76.0m $88.1m $74.6m $86.4m $120.1m
Interest Expense Nonoperating $1.6m $1.5m
Other Nonoperating Income (Expense) ($610k) ($1.5m) ($1.7m) ($2.9m) $5.9m ($3.5m) ($6.2m) $1.8m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $10.4m $2.4m $5.1m $3.0m $18.0m ($15.6m) $15.1m $7.1m $3.7m $2.4m
Foreign Currency Transaction Gain (Loss), before Tax $0 ($8.8m) ($4.7m) ($1.3m) ($3.6m)
General and Administrative Expense $15.6m $12.6m $11.4m $15.7m $12.7m $14.5m $19.2m $23.0m $22.7m $26.6m
Goodwill $146.9m $147.4m $154.8m $154.8m $236.7m $236.7m $283.7m
Nonoperating Income (Expense) $5.5m $6.5m ($369k) ($3.3m) $11.4m $17.7m $19.7m $25.2m
Operating Expenses $178.3m $195.7m $223.0m $260.5m $314.4m $361.7m $391.4m $437.5m $476.2m $504.4m
Proceeds from Stock Options Exercised $2.3m $2.0m $3.0m $1.2m $4.0m $7.1m $672k $940k $3.0m $0
Realized Investment Gains (Losses) ($149k) ($324k) $1.3m
Unrealized Gain (Loss) on Investments $1.7m $19k $2.4m
Net Cash Provided by (Used in) Operating Activities $80.3m $168.0m $223.9m $265.9m $404.5m $282.1m $289.2m $333.8m $385.2m $382.1m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $6.4m $12.1m $35.9m $12.3m $15.0m $17.5m $13.1m $9.3m $9.9m $8.2m
Payments to Acquire Businesses, Net of Cash Acquired $36.5m
Payments to Acquire Investments $78.6m $93.4m $87.8m
Payments for (Proceeds from) Other Investing Activities ($414k) $59k ($39k) $30k $0
Net Cash Provided by (Used in) Investing Activities ($53.2m) ($53.7m) ($50.3m) ($122.1m) $68.9m ($67.7m) ($86.3m) ($155.3m) ($86.9m) ($96.9m)
Cash flows from financing activities:
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale $187.8m $333.8m $170.9m $170.7m $0 $0 $4.5m $12.4m $10.6m
Payments for Repurchase of Common Stock $23.9m $42.5m $25.2m $17.3m $16.1m $63.2m $87.5m $0 $75.5m $420.0m
Net Cash Provided by (Used in) Financing Activities ($55.8m) ($117.1m) ($92.7m) ($118.1m) ($145.1m) ($189.8m) ($242.4m) ($147.1m) ($201.4m) ($332.4m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($2.8m) $1.5m $79.3m $26.8m $333.8m $17.5m ($52.9m) $39.0m $88.8m ($24.6m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $608.0m $625.6m $572.7m $611.7m $700.5m $675.9m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $0 $1.1m $830k $652k $1.9m $1.7m $721k
Income Taxes Paid, Net $58.3m $44.0m $47.2m $51.8m $45.0m $70.0m $88.7m $94.8m $96.9m $62.8m