Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - KNIGHT CAPITAL GROUP, INC. | d248636d8k.htm |
Exhibit 99.1
Knight Capital Group, Inc.
Segment Reporting
(in thousands)
| Q1 '09 | Q2 '09 | Q3 '09 | Q4 '09 | Q1 '10 | Q2 '10 | Q3 '10 | Q4 '10 | Q1 '11 | Q2 '11 | Q3 '11 | 2009 | 2010 | 2011 Sep YTD |
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| Market Making |
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| Revenues |
122,704.4 | 159,116.9 | 133,607.3 | 142,914.4 | 140,065.3 | 204,587.1 | 93,432.7 | 111,042.9 | 167,188.4 | 145,038.1 | 204,878.9 | 558,343.0 | 549,128.0 | 517,105.4 | ||||||||||||||||||||||||||||||||||||||||||
| Expenses |
73,558.6 | 100,084.7 | 96,355.6 | 90,504.7 | 84,396.2 | 101,432.2 | 72,391.1 | 81,040.3 | 103,820.0 | 105,865.1 | 135,690.7 | 360,503.6 | 339,259.8 | 345,375.9 | ||||||||||||||||||||||||||||||||||||||||||
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| Pre-Tax Earnings |
49,145.8 | 59,032.2 | 37,251.7 | 52,409.7 | 55,669.1 | 103,154.9 | 21,041.6 | 30,002.6 | 63,368.4 | 39,172.9 | 69,188.2 | 197,839.4 | 209,868.3 | 171,729.5 | ||||||||||||||||||||||||||||||||||||||||||
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| Institutional Sales & Trading |
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| Revenues |
105,909.4 | 125,865.3 | 134,930.2 | 128,848.2 | 114,882.4 | 121,462.4 | 108,876.8 | 112,395.1 | 127,371.4 | 134,885.2 | 145,440.3 | 495,553.2 | 457,616.6 | 407,696.8 | ||||||||||||||||||||||||||||||||||||||||||
| Expenses |
86,446.9 | 105,475.5 | 117,355.3 | 121,846.7 | 111,656.2 | 120,617.3 | 124,740.8 | 120,088.6 | 135,062.1 | 138,853.3 | 160,992.4 | 431,124.4 | 477,102.9 | 434,907.9 | ||||||||||||||||||||||||||||||||||||||||||
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| Pre-Tax Earnings |
19,462.5 | 20,389.9 | 17,574.9 | 7,001.6 | 3,226.2 | 845.1 | (15,864.0 | ) | (7,693.6 | ) | (7,690.8 | ) | (3,968.2 | ) | (15,552.2 | ) | 64,428.8 | (19,486.3 | ) | (27,211.1 | ) | |||||||||||||||||||||||||||||||||||
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| Electronic Execution Services |
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| Revenues |
21,626.4 | 25,043.4 | 26,329.7 | 28,978.2 | 31,009.1 | 38,353.1 | 31,725.7 | 37,125.1 | 40,332.9 | 41,925.7 | 45,088.4 | 101,977.8 | 138,213.0 | 127,347.1 | ||||||||||||||||||||||||||||||||||||||||||
| Expenses |
20,454.2 | 21,123.1 | 19,674.7 | 22,308.4 | 22,932.2 | 27,998.0 | 23,412.7 | 26,435.0 | 28,975.1 | 30,114.0 | 31,250.6 | 83,560.5 | 100,777.9 | 90,339.7 | ||||||||||||||||||||||||||||||||||||||||||
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| Pre-Tax Earnings |
1,172.2 | 3,920.3 | 6,655.0 | 6,669.8 | 8,076.9 | 10,355.0 | 8,313.0 | 10,690.2 | 11,357.9 | 11,811.7 | 13,837.9 | 18,417.4 | 37,435.2 | 37,007.4 | ||||||||||||||||||||||||||||||||||||||||||
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| Corporate and Other |
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| Revenues |
(4,886.6 | ) | 3,841.7 | 5,062.6 | 2,539.6 | (1,718.6 | ) | 1,871.9 | 5,474.2 | (1,529.3 | ) | 4,881.6 | 4,133.0 | 2,034.2 | 6,557.3 | 4,098.3 | 11,048.8 | |||||||||||||||||||||||||||||||||||||||
| Expenses |
13,865.2 | 6,291.6 | 16,786.5 | 17,493.2 | 19,297.7 | 25,099.1 | 18,852.3 | 18,702.2 | 21,833.4 | 21,695.4 | 25,064.3 | 54,436.5 | 81,951.3 | 68,593.0 | ||||||||||||||||||||||||||||||||||||||||||
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| Pre-Tax Earnings |
(18,751.7 | ) | (2,449.9 | ) | (11,723.9 | ) | (14,953.6 | ) | (21,016.2 | ) | (23,227.2 | ) | (13,378.1 | ) | (20,231.5 | ) | (16,951.8 | ) | (17,562.4 | ) | (23,030.0 | ) | (47,879.2 | ) | (77,853.0 | ) | (57,544.2 | ) | ||||||||||||||||||||||||||||
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| Consolidated |
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| Revenues |
245,353.6 | 313,867.4 | 299,929.9 | 303,280.4 | 284,238.3 | 366,274.4 | 239,509.4 | 259,033.8 | 339,774.3 | 325,981.9 | 397,441.9 | 1,162,431.3 | 1,149,056.0 | 1,063,198.1 | ||||||||||||||||||||||||||||||||||||||||||
| Expenses |
194,324.9 | 232,974.9 | 250,172.1 | 252,153.0 | 238,282.3 | 275,146.5 | 239,396.8 | 246,266.1 | 289,690.6 | 296,527.8 | 352,998.0 | 929,624.9 | 999,091.8 | 939,216.5 | ||||||||||||||||||||||||||||||||||||||||||
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| Pre-Tax Earnings |
51,028.8 | 80,892.4 | 49,757.7 | 51,127.4 | 45,956.0 | 91,127.9 | 112.6 | 12,767.7 | 50,083.7 | 29,454.1 | 44,443.8 | 232,806.4 | 149,964.2 | 123,981.6 | ||||||||||||||||||||||||||||||||||||||||||
Notes:
Totals may not add due to rounding
| a) | Expenses for Q3 ’11 (as well as 2011 Sep YTD) include restructuring charges of $28.6 million, which includes $0.5 million for Market Making, $23.9 million for Institutional Sales and Trading, $0.4 million for Electronic Execution Services, and $3.8 million for Corporate and Other |
| b) | Expenses for Q3 ‘10 (as well as full year 2010) include restructuring charges of $16.7 million, which includes $1.6 million for Market Making, $14.3 million for Institutional Sales and Trading, $0.1 million for Electronic Execution Services, and $0.7 million for Corporate and Other |
| c) | Lease loss charges and benefits are included within the expense line items as follows: |
| a. | Institutional Sales and Trading: |
| i. | Q3 ‘11 – charge of $1.3 million |
| b. | Electronic Execution Services: |
| i. | Q4 ’09 – charge of $0.3 million |
| ii. | Q2 ‘10 – charge of $0.7 million |
| c. | Corporate and Other: |
| i. | Q2 ‘09 – benefit of $13.1 million |
| ii. | Q1 ‘11 – charge of $0.9 million |