← Virtu Financial, 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 | $33.0m | $2.9m | $289.4m | ($58.6m) | $649.2m | $476.9m | $265.0m | $142.0m | $276.4m | $468.4m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $32.2m | $1.6m | $284.0m | ($60.5m) | $631.8m | $463.2m | $255.2m | $133.9m | $260.4m | $437.8m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $158.3m | $18.9m | $620.2m | ($103.7m) | $1.1b | $827.2m | $468.3m | $263.9m | $534.5m | $912.3m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $125.4m | $16.0m | $330.8m | ($45.1m) | $471.7m | $350.4m | $203.3m | $121.9m | $258.1m | $443.9m | |
| Amortization of Debt Issuance Costs | $5.6m | $5.8m | $10.4m | $11.7m | $26.1m | $6.9m | $6.9m | $11.4m | $6.9m | $7.1m | |
| Amortization of Debt Issuance Costs and Discounts | $1.7m | $5.8m | $10.4m | $11.7m | $26.1m | $6.9m | $6.9m | $11.4m | $6.9m | $7.1m | |
| Amortization of Intangible Assets | $211k | $15.4m | $26.1m | $70.6m | $74.3m | $69.7m | $64.8m | $64.0m | $50.5m | $47.1m | |
| Capitalized Computer Software, Amortization | $211k | $15.4m | $20.4m | $21.4m | $29.3m | $39.4m | $40.2m | $37.7m | $41.3m | $44.7m | |
| Depreciation | $19.6m | $36.8m | $48.4m | $44.7m | $37.4m | $28.4m | $26.1m | $25.6m | $24.5m | $19.7m | |
| Deferred Income Tax Expense (Benefit) | $13.3m | $103.0m | $4.1m | ($18.7m) | $21.6m | $34.6m | ($3.5m) | $19.1m | $4.2m | $39.3m | |
| Share-based Payment Arrangement, Noncash Expense | $22.9m | $26.3m | $31.9m | $71.7m | $59.8m | $55.8m | $67.2m | $63.9m | $75.5m | $100.4m | |
| Share-based Payment Arrangement, Expense | — | $6.4m | — | — | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Operating Lease, Impairment Loss | — | — | — | $27.1m | $6.0m | $9.6m | $5.3m | $0 | $10.0m | $465k | |
| Income Tax Expense (Benefit) | $21.3m | $94.3m | $76.2m | ($12.3m) | $261.9m | $169.7m | $88.5m | $61.2m | $110.4m | $182.1m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | — | — | — | ($29.7m) | $110.9m | ($68.0m) | ($65.6m) | $25.4m | $43.6m | $11.8m | |
| Increase (Decrease) in Other Operating Assets | ($772k) | ($44.5m) | ($125.3m) | ($25.1m) | $48.5m | ($59.2m) | $62.8m | ($20.3m) | $57.4m | $123.2m | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | — | — | $335.2m | $0 | $58.7m | $0 | $0 | — | — | $67.0m | |
| Gain (Loss) on Termination of Lease | — | — | — | ($66.5m) | ($9.6m) | ($28.1m) | — | — | — | — | |
| General and Administrative Expense | $23.0m | $65.1m | $64.7m | $116.2m | $94.6m | $88.1m | $86.1m | $99.0m | $97.0m | $97.9m | |
| Goodwill | $715.4m | $844.9m | $836.6m | $1.1b | $1.1b | $1.1b | $1.1b | $1.1b | $1.1b | $1.1b | |
| Operating Expenses | $522.7m | $914.8m | $1.2b | $1.6b | $1.9b | $1.8b | $1.8b | $2.0b | $2.2b | $2.5b | |
| Proceeds from Stock Options Exercised | $0 | $0 | $76.8m | $931k | $16.4m | $10.0m | $5.1m | $0 | $13.2m | $15.5m | |
| Net Cash Provided by (Used in) Operating Activities | $239.6m | $290.6m | $714.6m | $168.8m | $1.1b | $1.2b | $706.8m | $491.8m | $599.0m | $518.4m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $11.9m | $18.9m | $26.5m | $9.3m | $28.9m | $24.6m | $27.2m | $37.8m | $12.4m | $22.8m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $5.6m | $0 | $0 | $0 | $0 | — | — | — | — | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | — | $27.3m | ($35.3m) | $18.4m | $7.5m | $15.1m | |
| Net Cash Provided by (Used in) Investing Activities | ($59.0m) | ($838.0m) | $329.2m | ($899.6m) | ($2.6m) | ($87.3m) | ($29.5m) | ($94.5m) | ($61.8m) | ($40.6m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $75.8m | $1.1b | $0 | $1.5b | $0 | $0 | $1.8b | $0 | $1.7b | $1.5b | |
| Repayments of Long-term Debt | $3.8m | $256.5m | $500.0m | $500.0m | $288.5m | $36.7m | $1.6b | $73.0m | $1.7b | $1.2b | |
| Proceeds from Issuance of Common Stock | — | $736.0m | $0 | $0 | — | — | — | — | — | — | |
| Payments for Repurchase of Common Stock | $4.5m | $2.7m | $66.2m | $196k | $0 | $3.5m | $8.3m | $1.6m | $0 | $1.6m | |
| Proceeds from Noncontrolling Interests | — | — | — | — | — | — | $39.2m | $0 | $0 | — | |
| Dividends paid | $37.8m | $63.8m | $100.3m | $112.4m | $120.5m | — | — | — | — | — | |
| Payments of Dividends | $37.8m | $63.8m | $100.3m | $112.4m | $120.5m | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | ($161.2m) | $889.8m | ($835.5m) | $769.6m | ($839.9m) | ($957.9m) | ($735.7m) | ($585.0m) | ($469.6m) | ($281.0m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($1.2m) | $9.1m | ($5.1m) | ($1.5m) | $15.3m | ($12.5m) | ($24.2m) | $5.0m | ($9.0m) | $15.7m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($1.2m) | $9.1m | ($5.1m) | $37.2m | $233.7m | $113.9m | ($82.7m) | ($182.8m) | $58.5m | $212.4m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $532.9m | $736.0m | $773.3m | $1.0b | $1.1b | $1.0b | $855.5m | $914.0m | $1.1b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $113.0m | $139.4m | $205.4m | $173.6m | $159.9m | $247.0m | $632.3m | $586.3m | $654.6m | |
| Income Taxes Paid, Net | $16.2m | $6.0m | $94.0m | $12.3m | $248.5m | $134.9m | $104.0m | $38.7m | $43.4m | $121.9m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.