$MKTX
MARKETAXESS HOLDINGS INC

2017 Q1 Form 10-Q Financial Statement

#000156459017007588 Filed on April 27, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $103.0M $88.57M
YoY Change 16.29% 15.37%
Cost Of Revenue $4.600M $8.200M
YoY Change -43.9% 7.89%
Gross Profit $98.40M $80.40M
YoY Change 22.39% 16.18%
Gross Profit Margin 95.53% 90.77%
Selling, General & Admin $37.20M $31.40M
YoY Change 18.47% 20.77%
% of Gross Profit 37.8% 39.05%
Research & Development $4.304M
YoY Change -0.78%
% of Gross Profit 5.35%
Depreciation & Amortization $4.700M $4.700M
YoY Change 0.0% 2.17%
% of Gross Profit 4.78% 5.85%
Operating Expenses $48.28M $44.20M
YoY Change 9.23% 15.51%
Operating Profit $55.16M $36.20M
YoY Change 52.38% 17.02%
Interest Expense $700.0K
YoY Change
% of Operating Profit 1.27%
Other Income/Expense, Net $449.0K
YoY Change
Pretax Income $55.61M $44.37M
YoY Change 25.33% 15.24%
Income Tax $13.14M $15.41M
% Of Pretax Income 23.64% 34.72%
Net Earnings $42.46M $28.96M
YoY Change 46.61% 17.77%
Net Earnings / Revenue 41.23% 32.7%
Basic Earnings Per Share $1.15 $0.79
Diluted Earnings Per Share $1.11 $0.77
COMMON SHARES
Basic Shares Outstanding 36.85M 36.78M
Diluted Shares Outstanding 38.11M 37.67M

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $137.7M $138.0M
YoY Change -0.22% -14.29%
Cash & Equivalents $137.7M $138.0M
Short-Term Investments
Other Short-Term Assets $13.80M $12.80M
YoY Change 7.81% 77.78%
Inventory
Prepaid Expenses
Receivables $56.60M $52.80M
Other Receivables $0.00 $0.00
Total Short-Term Assets $208.1M $203.6M
YoY Change 2.21% -4.99%
LONG-TERM ASSETS
Property, Plant & Equipment $33.90M $32.10M
YoY Change 5.61% 2.92%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $218.6M $147.2M
YoY Change 48.51% 136.66%
Other Assets $6.800M $5.200M
YoY Change 30.77% 1.96%
Total Long-Term Assets $322.6M $248.2M
YoY Change 29.98% 50.97%
TOTAL ASSETS
Total Short-Term Assets $208.1M $203.6M
Total Long-Term Assets $322.6M $248.2M
Total Assets $530.7M $451.8M
YoY Change 17.46% 19.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.30M $17.00M
YoY Change -4.12% 32.81%
Accrued Expenses $13.90M $10.90M
YoY Change 27.52% 21.11%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $45.20M $38.80M
YoY Change 16.49% 23.57%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.200M $2.600M
YoY Change 23.08% -3.7%
Total Long-Term Liabilities $3.200M $2.600M
YoY Change 23.08% -3.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $45.20M $38.80M
Total Long-Term Liabilities $3.200M $2.600M
Total Liabilities $48.40M $41.40M
YoY Change 16.91% 21.76%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $482.4M $410.4M
YoY Change
Total Liabilities & Shareholders Equity $530.7M $451.8M
YoY Change 17.46% 19.3%

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income $42.46M $28.96M
YoY Change 46.61% 17.77%
Depreciation, Depletion And Amortization $4.700M $4.700M
YoY Change 0.0% 2.17%
Cash From Operating Activities $30.50M -$57.38M
YoY Change -153.15% -671.89%
INVESTING ACTIVITIES
Capital Expenditures $4.149M $2.652M
YoY Change 56.45% 224.6%
Acquisitions
YoY Change
Other Investing Activities $5.000K -$26.00K
YoY Change -119.23% 36.84%
Cash From Investing Activities -$29.00M $6.339M
YoY Change -557.49% -704.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $12.21M $1.199M
YoY Change 918.1% -86.59%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -31.70M -10.69M
YoY Change 196.68% -38.03%
NET CHANGE
Cash From Operating Activities 30.50M -57.38M
Cash From Investing Activities -29.00M 6.339M
Cash From Financing Activities -31.70M -10.69M
Net Change In Cash -30.20M -61.73M
YoY Change -51.08% 647.78%
FREE CASH FLOW
Cash From Operating Activities $30.50M -$57.38M
Capital Expenditures $4.149M $2.652M
Free Cash Flow $26.35M -$60.04M
YoY Change -143.89% -751.35%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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<div> <p style="margin-bottom:12pt;margin-top:0pt;margin-left:2.27%;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Reclassifications</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:2.27%;">Certain reclassifications have been made to the prior period&#8217;s Consolidated Financial Statements in order to conform to the current year presentation. Such reclassifications had no effect on previously reported net income. </p></div>
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100000
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CY2016Q1 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1000000
CY2017Q1 mktx Number Of Lease Agreements
NumberOfLeaseAgreements
1
CY2017Q1 mktx Lease Expiration Dates
LeaseExpirationDates
2020-11
CY2017Q1 us-gaap Contractual Obligation
ContractualObligation
900000
CY2017Q1 mktx Number Of Subsidiaries
NumberOfSubsidiaries
2
CY2017Q1 mktx Settlement Period Of Bond Transaction
SettlementPeriodOfBondTransaction
Within one to three trading days
CY2017Q1 us-gaap Principal Transactions Revenue
PrincipalTransactionsRevenue
11900000
CY2016Q1 us-gaap Principal Transactions Revenue
PrincipalTransactionsRevenue
7500000
CY2017Q1 us-gaap Deposits Assets
DepositsAssets
1100000
CY2016Q1 us-gaap Deposits Assets
DepositsAssets
1500000
CY2017Q1 mktx Concentration Risk Number Of Customer
ConcentrationRiskNumberOfCustomer
0
CY2016Q1 mktx Concentration Risk Number Of Customer
ConcentrationRiskNumberOfCustomer
0

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0001564590-17-007588.txt Edgar Link pending
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