Financial Statements

MarketAxess Holdings Inc.

MarketAxess Holdings Inc. (MKTX)

Financial Services

Retained Earning Schedule

Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Retained Earnings (Previous Year) --55-35--51102168255354
Net Income 1631-60767596126148173
Stock Dividends -69-35-60-6----0-
Divident Paid -3-11---19-24-30-39-50-63
Retained Earnings -55-35--51102168255354463

MarketAxess Holdings Inc. income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes MarketAxess Holdings Inc. FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.