$MKTX
MARKETAXESS HOLDINGS INC

2014 Q2 Form 10-Q Financial Statement

#000156459014002895 Filed on July 25, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q4 2013 Q2
Revenue $138.0K $60.40M $65.56M
YoY Change -99.79% 24.28% 34.27%
Cost Of Revenue $7.900M $9.300M $8.500M
YoY Change -7.06% 29.17% 63.46%
Gross Profit $57.10M $51.20M $55.00M
YoY Change 3.82% 23.97% 35.47%
Gross Profit Margin 41376.81% 84.77% 83.89%
Selling, General & Admin $23.70M $22.40M $19.20M
YoY Change 23.44% 30.23% 22.29%
% of Gross Profit 41.51% 43.75% 34.91%
Research & Development $4.449M $4.099M
YoY Change 8.54% 35.95%
% of Gross Profit 7.79% 7.45%
Depreciation & Amortization $4.400M $3.800M $3.100M
YoY Change 41.94% 65.22% 63.16%
% of Gross Profit 7.71% 7.42% 5.64%
Operating Expenses $35.89M $26.30M $4.099M
YoY Change 775.65% 36.98% 35.95%
Operating Profit $21.21M $24.90M $50.90M
YoY Change -58.34% 12.67% 35.43%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $29.07M $24.80M $31.51M
YoY Change -7.74% 11.71% 48.64%
Income Tax $10.88M $9.300M $12.17M
% Of Pretax Income 37.43% 37.5% 38.62%
Net Earnings $18.19M $23.10M $19.34M
YoY Change -5.96% 12.68% 53.16%
Net Earnings / Revenue 13181.88% 38.25% 29.5%
Basic Earnings Per Share $0.49 $0.52
Diluted Earnings Per Share $0.48 $606.3K $0.51
COMMON SHARES
Basic Shares Outstanding 37.02M 37.63M shares 36.87M
Diluted Shares Outstanding 37.94M 37.82M

Balance Sheet

Concept 2014 Q2 2013 Q4 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $133.2M $132.7M $135.5M
YoY Change -1.7% 2.95% 4.55%
Cash & Equivalents $133.2M $132.7M $135.5M
Short-Term Investments
Other Short-Term Assets $12.40M $10.60M $11.20M
YoY Change 10.71% 30.86% -18.25%
Inventory
Prepaid Expenses
Receivables $40.90M $34.20M $41.80M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $186.5M $177.5M $188.5M
YoY Change -1.06% 5.65% 6.8%
LONG-TERM ASSETS
Property, Plant & Equipment $34.40M $32.70M $26.44M
YoY Change 30.08% 81.59% 76.29%
Goodwill $26.09M $26.23M
YoY Change
Intangibles
YoY Change
Long-Term Investments $65.70M $67.70M $14.50M
YoY Change 353.1% 32.23% -75.26%
Other Assets $2.600M $7.300M $4.500M
YoY Change -42.22% -22.34% -22.41%
Total Long-Term Assets $170.2M $176.4M $116.9M
YoY Change 45.64% 57.73% 3.25%
TOTAL ASSETS
Total Short-Term Assets $186.5M $177.5M $188.5M
Total Long-Term Assets $170.2M $176.4M $116.9M
Total Assets $356.7M $353.9M $305.4M
YoY Change 16.81% 26.47% 5.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.60M $12.90M $16.90M
YoY Change 10.06% 4.88% 36.29%
Accrued Expenses $12.20M $24.00M $12.50M
YoY Change -2.4% 20.6% 19.05%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $30.80M $40.90M $29.40M
YoY Change 4.76% 27.02% 28.38%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.000M $2.700M $5.400M
YoY Change -44.44% -44.9% 5.88%
Total Long-Term Liabilities $3.000M $2.700M $5.400M
YoY Change -44.44% -44.9% 5.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $30.80M $40.90M $29.40M
Total Long-Term Liabilities $3.000M $2.700M $5.400M
Total Liabilities $33.74M $43.55M $34.81M
YoY Change -3.08% 17.3% 24.34%
SHAREHOLDERS EQUITY
Retained Earnings $74.65M $51.04M $19.47M
YoY Change 283.47% -1004.36%
Common Stock $298.8M $295.7M $286.8M
YoY Change 4.17% 4.25%
Preferred Stock
YoY Change
Treasury Stock (at cost) $46.02M $32.27M $32.27M
YoY Change 42.6% 0.0%
Treasury Stock Shares $1.738M $1.495M 1.495M shares
Shareholders Equity $323.0M $310.4M $270.6M
YoY Change
Total Liabilities & Shareholders Equity $356.7M $353.9M $305.4M
YoY Change 16.81% 26.47% 5.41%

Cashflow Statement

Concept 2014 Q2 2013 Q4 2013 Q2
OPERATING ACTIVITIES
Net Income $18.19M $23.10M $19.34M
YoY Change -5.96% 12.68% 53.16%
Depreciation, Depletion And Amortization $4.400M $3.800M $3.100M
YoY Change 41.94% 65.22% 63.16%
Cash From Operating Activities $26.30M $23.60M $19.90M
YoY Change 32.16% -16.61% 59.2%
INVESTING ACTIVITIES
Capital Expenditures -$4.500M -$8.500M -$8.500M
YoY Change -47.06% 431.25% 400.0%
Acquisitions
YoY Change
Other Investing Activities -$2.500M $0.00 $1.700M
YoY Change -247.06% -100.0% 112.5%
Cash From Investing Activities -$7.100M -$8.500M -$6.900M
YoY Change 2.9% -808.33% 666.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -15.60M -1.700M -3.500M
YoY Change 345.71% -96.64% 94.44%
NET CHANGE
Cash From Operating Activities 26.30M 23.60M 19.90M
Cash From Investing Activities -7.100M -8.500M -6.900M
Cash From Financing Activities -15.60M -1.700M -3.500M
Net Change In Cash 3.600M 13.40M 9.500M
YoY Change -62.11% -163.51% -3.06%
FREE CASH FLOW
Cash From Operating Activities $26.30M $23.60M $19.90M
Capital Expenditures -$4.500M -$8.500M -$8.500M
Free Cash Flow $30.80M $32.10M $28.40M
YoY Change 8.45% 7.36% 100.0%

Facts In Submission

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