VIRT FY 2021 Earnings Report — Virtu Financial, Inc. Revenue & Financial Results | Market Cap Arena

Virtu Financial, Inc.VIRT

FY 2021 Earnings

Reported February 18, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$2.8B	—	—	—	—
Op. Income	$1.3B	—	—	—	—
Gross Margin	60.1%	—	—	—	—
Net Margin	17.0%	—	—	—	—
EPS (Diluted)	$3.91	—	—	—	—
Free Cash Flow	$1.1B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$1.1B
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$212M
SG&A Expenses	$212M
Other Expenses	$226M
Operating Expenses	$438M
Cost & Expenses	$1.6B
OPERATING INCOME	$1.3B
Interest Income	$0
Interest Expense	$220M
Other Income/Expenses	-$255M
INCOME BEFORE TAX	$997M
Income Tax Expense	$170M
Net Income from Continuing Ops	$827M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$477M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$463M
D&A	$137M
EBIT	$1.2B
EBITDA	$1.4B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$1.1B
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$212M
SG&A Expenses	$212M
Other Expenses	$226M
Operating Expenses	$438M
Cost & Expenses	$1.6B
OPERATING INCOME	$1.3B
Interest Income	$0
Interest Expense	$220M
Other Income/Expenses	-$255M
INCOME BEFORE TAX	$997M
Income Tax Expense	$170M
Net Income from Continuing Ops	$827M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$477M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$463M
D&A	$137M
EBIT	$1.2B
EBITDA	$1.4B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$477M
Depreciation & Amortization	$137M
Stock-Based Compensation	$56M
Deferred Income Tax	$0
Other Non-Cash Items	-$1.1B
Change in Working Capital	$1.6B
OPERATING CASH FLOW	$1.2B
Capital Expenditure	-$25M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$63M
NET CASH FROM INVESTING	-$87M
Net Debt Issuance	-$39M
Common Stock Repurchased	-$431M
Common Dividends Paid	-$548M
Other Financing Activities	-$26M
NET CASH FROM FINANCING	-$958M
FREE CASH FLOW	$1.1B
Net Change in Cash	$114M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.1B
Short-Term Investments	$0
Net Receivables	$1.2B
Inventory	$0
Other Current Assets	$49M
TOTAL CURRENT ASSETS	$2.3B
PP&E (Net)	$315M
Goodwill	$1.1B
Intangible Assets	$386M
Long-Term Investments	$5.7B
Tax Assets	$159M
Other Non-Current Assets	$291M
TOTAL NON-CURRENT ASSETS	$8.0B
TOTAL ASSETS	$10.3B
Account Payables	$1.1B
Short-Term Debt	$62M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$3.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$65.0K
Other Non-Current Liabilities	$3.5B
TOTAL NON-CURRENT LIABILITIES	$7.1B
TOTAL LIABILITIES	$8.5B
Common Stock	$2.0K
Additional Paid-In Capital	$1.2B
Retained Earnings	$831M
Treasury Stock	-$494M
Accum. Other Comp. Income	-$10M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$314M
TOTAL EQUITY	$1.9B
TOTAL LIABILITIES & EQUITY	$10.3B
Total Debt	$3.6B
Net Debt	$2.5B