Virtu Financial Inc
For the period ended Dec 31, 2023. Filed Feb 16, 2024.
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FY2023 · Filed Feb 16, 2024
VIRT$56.60+5.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes in Equity
Years Ended December 31, 2023, 2022, and 2021
| Class A Common Stock · Class C 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 · Noncontrolling Interest · Total Equity | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (in thousands, except share and interest data) · Shares · Amounts · Shares · Amounts · Shares · Amounts · Shares · Amounts · Amounts | ||||||||||||||
| Balance at December 31, 2020 | 125,627,277 | $1 | 10,226,939 | $— | 60,091,740 | $1 | (3,615,097) | $(88,923) | $1,160,567 | $422,381 | $(25,487) | $1,468,540 | $386,498 | $1,855,038 |
| Share based compensation | 2,434,251 | — | — | — | — | — | — | — | $55,654 | $— | $— | $55,654 | $— | $55,654 |
| Repurchase of Class C common stock | — | — | (120,025) | — | — | — | — | — | $(3,455) | $— | $— | $(3,455) | $— | $(3,455) |
| Treasury stock purchases | (840,229) | — | — | — | — | — | (14,711,766) | (405,152) | $— | $(22,301) | $— | $(427,453) | $— | $(427,453) |
| Stock option exercised | 528,497 | — | — | — | — | — | — | — | $10,042 | $— | $— | $10,042 | $— | $10,042 |
| Net Income | — | — | — | — | — | — | — | — | $— | $476,878 | $— | $476,878 | $350,356 | $827,234 |
| Foreign exchange translation adjustment | — | — | — | — | — | — | — | — | $— | $— | $(7,673) | $(7,673) | $(4,797) | $(12,470) |
| Warrants exercised | 3,000,000 | — | — | — | — | — | — | — | $— | $68,940 | $— | $68,940 | $— | $68,940 |
| Net change in unrealized cash flow hedges gains | — | — | — | — | — | — | — | — | $— | $— | $22,964 | $22,964 | $14,830 | $37,794 |
| Dividends ($0.24 per share of Class A commonstock and participating Restricted Stock Unit andRestricted Stock Award) and distributions fromVirtu Financial to non-controlling interest | — | — | — | — | — | — | — | — | $— | $(115,360) | $— | $(115,360) | $(432,657) | $(548,017) |
| Issuance of Common Stock in connection with employee exchanges | 747,849 | — | — | — | — | — | — | — | $— | $— | $— | $— | $— | $— |
| Repurchase of Virtu Financial Units and corresponding number of Class C common stock in connection with employee exchanges | — | — | (747,849) | — | — | — | — | — | $— | $— | $— | $— | $— | $— |
| Issuance of tax receivable agreements in connection with employee exchange | — | — | — | — | — | — | — | — | $311 | $— | $— | $311 | $— | $311 |
| Balance at December 31, 2021 | 131,497,645 | 1 | 9,359,065 | — | 60,091,740 | 1 | (18,326,863) | (494,075) | $1,223,119 | $830,538 | $(10,196) | $1,549,388 | $314,230 | $1,863,618 |
| Share based compensation | 1,897,030 | — | — | — | — | — | — | — | $71,597 | $— | $— | $71,597 | $— | $71,597 |
| Repurchase of Class C common stock | — | — | (236,069) | — | — | — | — | — | $(8,256) | $— | $— | $(8,256) | $— | $(8,256) |
| Treasury stock purchases | (684,730) | — | — | — | — | — | (16,195,427) | (460,562) | $— | $(19,982) | $— | $(480,544) | $— | $(480,544) |
| Stock option exercised | 268,879 | — | — | — | — | — | — | — | $5,109 | $— | $— | $5,109 | $— | $5,109 |
| Net Income | — | — | — | — | — | — | — | — | $— | $265,026 | $— | $265,026 | $203,306 | $468,332 |
| Foreign exchange translation adjustment | — | — | — | — | — | — | — | — | $— | $— | $(13,605) | $(13,605) | $(10,649) | $(24,254) |
| Net change in unrealized cash flow hedges gains | — | — | — | — | — | — | — | — | — | — | 55,405 | 55,405 | 35,460 | 90,865 |
| Dividends ($0.24 per share of Class A commonstock and participating Restricted Stock Unit andRestricted Stock Award) and distributions fromVirtu Financial to non-controlling interest | — | — | — | — | — | — | — | — | $— | $(103,265) | $— | $(103,265) | $(272,019) | $(375,284) |
| Issuance of Common Stock in connection with employee exchanges | 92,930 | — | — | — | — | — | — | — | $— | $— | $— | $— | $— | $— |
| Repurchase of Virtu Financial Units and corresponding number of Class C common stock in connection with employee exchanges | — | — | (92,930) | — | — | — | — | — | $— | $— | $— | $— | $— | $— |
| Contributions from noncontrolling interests | — | — | — | — | — | — | — | — | $— | $— | $— | $— | $39,200 | $39,200 |
| Issuance of tax receivable agreements in connection with employee exchange | — | — | — | — | — | — | — | — | $1,044 | $— | $— | $1,044 | $— | $1,044 |
| Balance at December 31, 2022 | 133,071,754 | 1 | 9,030,066 | — | 60,091,740 | 1 | (34,522,290) | (954,637) | $1,292,613 | $972,317 | $31,604 | $1,341,899 | $309,528 | $1,651,427 |
| Share based compensation | 2,627,823 | — | — | — | — | — | — | — | $66,644 | $— | $— | 66,644 | — | 66,644 |
| Repurchase of Class C common stock | — | — | (235,674) | — | — | — | — | — | $(3,896) | $— | $— | (3,896) | — | (3,896) |
| Treasury stock purchases | (984,934) | — | — | — | — | — | (11,286,061) | (211,662) | $— | $(19,119) | $— | (230,781) | — | (230,781) |
Consolidated Statements of Changes in Equity
Years Ended December 31, 2023, 2022, and 2021
| Class A Common Stock · Class C 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 · Noncontrolling Interest · Total Equity | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (in thousands, except share and interest data) · Shares · Amounts · Shares · Amounts · Shares · Amounts · Shares · Amounts · Amounts | ||||||||||||||
| Stock option exercised | — | — | — | — | — | — | — | — | $— | $— | $— | — | — | — |
| Net Income | — | — | — | — | — | — | — | — | $— | $142,036 | $— | 142,036 | 121,885 | 263,921 |
| Foreign exchange translation adjustment | — | — | — | — | — | — | — | — | $— | $— | $6,952 | 6,952 | (1,995) | 4,957 |
| Net change in unrealized cash flow hedges gains | — | — | — | — | — | — | — | — | $— | $— | $(21,509) | (21,509) | (15,484) | (36,993) |
| Dividends ($0.24 per share of Class A common stock and participating Restricted Stock Unit and Restricted Stock Award) and distributions from Virtu Financial to non-controlling interest | — | — | — | — | — | — | — | — | $— | $(94,831) | $— | (94,831) | (211,305) | (306,136) |
| Issuance of Common Stock in connection with employee exchanges | 186,394 | — | — | — | — | — | — | — | $— | $— | $— | — | — | — |
| Repurchase of Virtu Financial Units and corresponding number of Class C common stock in connection with employee exchanges | — | — | (186,394) | — | — | — | — | — | $— | $— | $— | — | — | — |
| Issuance of tax receivable agreements in connection with employee exchange | — | — | — | — | — | — | — | — | $(3,787) | $— | $— | (3,787) | — | (3,787) |
| Balance at December 31, 2023 | 134,901,037 | $1 | 8,607,998 | $— | 60,091,740 | $1 | (45,808,351) | $(1,166,299) | $1,351,574 | $1,000,403 | $17,047 | $1,202,727 | $202,629 | $1,405,356 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.