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Condensed Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents $ 372,710 $ 729,547
Cash restricted or segregated under regulations and other 22,109 6,500
Securities borrowed 1,578,941 1,399,684
Securities purchased under agreements to resell 18,805 15,475
Receivables from broker-dealers and clearing organizations 1,563,731 1,101,449
Trading assets, at fair value:    
Financial instruments owned 1,753,886 1,848,806
Financial instruments owned and pledged 920,950 791,115
Receivables from customers 267,108 10,567
Property, equipment and capitalized software (net of accumulated depreciation of $441,215 and $323,718 as of September 30, 2019 and December 31, 2018, respectively) 117,236 113,322
Operating lease right-of-use assets 305,116  
Goodwill 1,195,477 836,583
Intangibles (net of accumulated amortization of $199,080 and $148,644 as of September 30, 2019 and December 31, 2018, respectively) 513,153 83,989
Deferred tax assets 247,612 200,359
Other assets ($49,312 and $48,273, at fair value, as of September 30, 2019 and December 31, 2018, respectively) 309,911 243,582
Total assets 9,186,745 7,380,978
Liabilities    
Short-term borrowings 94,888 15,128
Securities loaned 1,093,321 1,130,039
Securities sold under agreements to repurchase 281,783 281,861
Payables to broker-dealers and clearing organizations 1,024,549 567,441
Payables to customers 118,259 10,860
Trading liabilities, at fair value:    
Financial instruments sold, not yet purchased 2,248,932 2,475,395
Tax receivable agreement obligations 256,700 214,403
Deferred tax liabilities 65,861 0
Accounts payable, accrued expenses and other liabilities 395,987 284,115
Operating lease liabilities 375,390  
Long-term borrowings 1,934,358 907,037
Total liabilities 7,890,028 5,886,279
Commitments and Contingencies (Note 15)
Virtu Financial Inc. Stockholders' equity    
Treasury stock, at cost, 2,178,771 and 2,178,771 shares at September 30, 2019 and December 31, 2018, respectively (55,005) (55,005)
Additional paid-in capital 1,070,123 1,010,468
Retained earnings (accumulated deficit) (40,120) 96,513
Accumulated other comprehensive income (loss) (5,986) (82)
Total Virtu Financial Inc. stockholders' equity 969,014 1,051,896
Noncontrolling interest 327,703 442,803
Total equity 1,296,717 1,494,699
Total liabilities and equity 9,186,745 7,380,978
Class A    
Virtu Financial Inc. Stockholders' equity    
Common stock (par value $0.00001) 1 1
Class B    
Virtu Financial Inc. Stockholders' equity    
Common stock (par value $0.00001) 0 0
Class C    
Virtu Financial Inc. Stockholders' equity    
Common stock (par value $0.00001) 0 0
Class D    
Virtu Financial Inc. Stockholders' equity    
Common stock (par value $0.00001) $ 1 $ 1