Component: (Network and Table)
Network
00400 - Statement - Consolidated Statements of Cash Flows
(http://www.virtu.com/role/StatementConsolidatedStatementsOfCashFlows)
TableStatement [Table]
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001592386 (http://www.sec.gov/CIK)
Related Party [Axis]Related Party [Domain]
StatementPeriod [Axis]
2016-01-01 - 2016-12-31
2015-01-01 - 2015-12-31
2014-01-01 - 2014-12-31
Cash flows from operating activities
 
 
 
Net Income
158,340,000  
197,490,000  
190,057,000  
Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
Depreciation and amortization
29,703,000  
33,629,000  
30,441,000  
Amortization of purchased intangibles and acquired capitalized software
211,000  
211,000  
211,000  
Debt issue cost related to debt refinancing
5,579,000  
  
Amortization of debt issuance costs and deferred financing fees
1,690,000  
1,755,000  
1,334,000  
Termination of office leases
 
1,380,000  
 
Share based compensation
22,866,000  
61,878,000  
14,234,000  
Reserve for legal matter
 
5,440,000  
 
Equipment writeoff
428,000  
559,000  
378,000  
Deferred taxes
13,313,000  
3,985,000  
 
Other
(1,070,000) 
219,000  
(2,204,000) 
Changes in operating assets and liabilities:
 
 
 
Securities borrowed
233,291,000  
31,638,000  
223,169,000  
Securities purchased under agreements to resell
14,981,000  
16,482,000  
131,145,000  
Receivables from broker dealers and clearing organizations
27,808,000  
(88,884,000) 
40,089,000  
Trading assets, at fair value
(530,668,000) 
247,094,000  
259,105,000  
Other Assets
772,000  
(5,796,000) 
2,751,000  
Securities loaned
(302,400,000) 
26,741,000  
(531,450,000) 
Securities sold under agreements to repurchase
 
(2,006,000) 
(8,877,000) 
Payables to broker dealers and clearing organizations
209,374,000  
(199,599,000) 
155,974,000  
Trading liabilities, at fair value
370,065,000  
(58,544,000) 
(240,778,000) 
Accounts payable and accrued expenses and other liabilities
(14,684,000) 
(13,392,000) 
7,120,000  
Net cash provided by operating activities
239,599,000  
 
260,280,000  
 
272,699,000  
 
Cash flows from investing activities
 
 
 
Development of capitalized software
(8,404,000) 
(8,028,000) 
(8,039,000) 
Acquisition of property and equipment
(11,859,000) 
(16,271,000) 
(28,120,000) 
Investment in SBI Japannext described in Note 9
(38,754,000) 
  
Net cash used in investing activities
(59,017,000) 
 
(24,299,000) 
 
(36,159,000) 
 
Cash flows from financing activities
 
 
 
Distribution to members
 
(130,000,000) 
(140,652,000) 
Distribution from Virtu Financial to non-controlling interest
(162,969,000) 
(81,377,000) 
 
Dividends
(37,759,000) 
(17,362,000) 
 
Short-term borrowings, net
(20,000,000) 
45,000,000  
(72,800,000) 
Payments on repurchase of non-voting common interest
   
Issuance of Common Stock, net of offering costs
 
327,366,000  
 
Purchase of treasury stock
(4,539,000) 
(3,819,000) 
 
Proceeds from long-term borrowings
75,753,000  
  
Repayment of senior secured credit facility
(3,825,000) 
(2,914,000) 
(7,286,000) 
Debt issuance costs
(5,094,000) 
(976,000) 
 
Repurchase of Virtu Financial Units and corresponding number of Class A and C Common Stock
(98,000) 
(277,153,000) 
 
Issuance of common stock, net of offering costs
16,677,000  
7,782,000  
 
Repurchase of Virtu Financial Units and corresponding number of Class A and C common stock in connection with IPO
(17,383,000) 
(8,805,000) 
 
Net cash used in financing activities
(161,237,000) 
 
(144,355,000) 
 
(221,654,000) 
 
Effect of exchange rate changes on Cash and cash equivalents
(1,165,000) 
(4,255,000) 
(5,032,000) 
Net (decrease) increase in Cash and cash equivalents
18,180,000  
 
87,371,000  
 
9,854,000  
 
Cash and cash equivalents, beginning of period
163,235,000  
75,864,000  
66,010,000  
Cash and cash equivalents, end of period
181,415,000  
 
163,235,000  
 
75,864,000  
 
Supplementary disclosure of cash flow information
 
 
 
Cash paid for interest
54,872,000  
63,230,000  
61,293,000  
Cash paid for taxes
16,175,000  
12,875,000  
3,764,000  
Non-cash investing activities
 
 
 
Share based compensation of developers relating to software capitalized
2,750,000  
11,278,000  
1,719,000  
Non-cash financing activities
 
 
 
Tax receivable agreement described in Note 4
(545,000) 
21,854,000  
 
Discount on issuance of senior secured credit facility
1,350,000  
  
Repurchase of interests