Exhibit 99.1
Knight Capital Group, Inc.
Segment Reporting
(in thousands)
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| | 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 | |
Market Making | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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 |
| i. | Q2 ‘09 – benefit of $13.1 million |
| ii. | Q1 ‘11 – charge of $0.9 million |