Knight Capital Group Announces Consolidated Earnings Of $6.5 Million Or $0.01 Per Diluted Share For The Fourth Quarter 2012

PR Newswire/Les Echos/ 
Knight Capital Group Announces Consolidated Earnings Of $6.5 Million Or $0.01
Per Diluted Share For The Fourth Quarter 2012  
Knight increased market share of retail U.S. equity volume both quarter over
quarter and year over year among leading market makers 
Fourth quarter pre-tax income of $6.8 million included an $11.4 million
non-cash write-down of an investment and $7.7 million in professional fees
related to the  announced merger and August 1 st technology issue 
JERSEY CITY, N.J., Jan. 24, 2013 -- Knight Capital Group, Inc. (NYSE Euronext:
KCG) today reported consolidated earnings of $6.5 million, or $0.01 per diluted
share, for the fou rth quarter of 2012. 
The fourth quarter 2012 GAAP net income attributable to common stockholders was
$5.2 million, or $0.01 per diluted share, which includes a $7.4 million, or
$0.02 per diluted share, non-cash write-down of a strategic investment as well
as professional fees related to the announced merger and August 1 st technology
issue of $5.0 million, or $0.01 per diluted share, and a $1.2 million dividend
on convertible preferred shares. On a non-GAAP basis, the fourth quarter 2012
net income attributable to common stockholders was $18.9 million, or $0.05 per
diluted share. A reconciliation of GAAP to non-GAAP results is included below. 
For the fourth quarter of 2011, the company reported consolidated earnings of
$40.2 million, or $0.43 per diluted share. Revenues for the fourth quarter of
2012 were $287.7 million, compared to $341.3 million for the fourth quarter 
of 2011. 
At December 31, 2012, the company had $41 3.9 million in cash and cash
equivalents. The company had $1.5 billion in aggregate stockholders' equity 
and preferred shares as of December 31, 2012, equivalent to a book value of 
$4.07 per share (which includes preferred shares on an as-converted basis). 
The company had $1.5 billion in stockholders' equity as of December 31, 2011,
equivalent to a book value of $1 5.13 per share. Tangible book value as of
December 31, 2012 was $3.30 per share (which includes preferred shares on an
as-converted basis) as compared to $10.67 at December 31, 2011. 
"In the fourth quarter of 2012, Knight fully recaptured market share in core
product areas and returned to profitability," said Thomas M. Joyce, Chairman 
and Chief Executive Officer, Knight Capital Group. "The rapid normalization of
client trading activity demonstrates Knight's critical role in the markets and
commitment to providing superior executions. Nevertheless, the financial 
results for the quarter were negatively impacted by the steep year over year 
declines in consolidated U.S. equity volume and market volatility as well as 
the write-down of an investment and heightened professional fees. As previously
disclosed, Knight announced a merger with GETCO LLC during the fourth quarter, 
which will create a true category leader among market makers and agency 
brokers. Separately, as part of our continuing efforts to align and focus 
resources, Knight will consolidate the full service and electronic 
institutional equities sales teams as well as discontinue correspondent 
clearing." 
"Continuing operations" includes the company's Market Making, Institutional
Sales and Trading, Electronic Execution Services, and Corporate and Other
segments. Market Making consists of all global market making across equities, 
fixed income, foreign exchange, futures and options as well as the company's 
activities as a Designated Market Maker at the NYSE. Institutional Sales and
Trading includes full-service institutional research, sales and trading as well
as equity and debt capital markets, reverse mortgage origination and
securitization, and asset management. Electronic Execution Services includes
Knight Direct, Knight Hotspot FX and Knight BondPoint. Corporate and Other
includes strategic investments primarily in financial services-related 
ventures, futures execution and custody services, clearing and settlement 
activity, corporate overhead expenses and all other income and expenses that 
are not attributable to the other reporting segments. 
                
                                       Q4 2012      Q4 2011 
Revenues ($ thousands)                     287,651      341,327
Net income ($ thousands)                     6,458       40,238
Diluted EPS GAAP basis($)                     0.01         0.43
Diluted EPS Non-GAAP basis($)                 0.05         0.43
U.S. equity Market Making statistics:
Average daily dollar value traded 
($ billions)                                  20.6         23.2
Average daily trades (thousands)           2,757.8      3,583.8
Nasdaq and Listed shares traded (billions)    41.2         51.0
FINRA OTC Bulletin Board and Other shares 
traded (billions)                            132.0        119.5
Average revenue capture per U.S. equity 
dollar value traded (bps)                     1.04         1.25
Average daily Knight Direct equity shares  
(millions)                                   219.5        210.5
Average daily Knight Hotspot FX notional 
dollar value traded ($ billions)**            21.4         27.0 
                                      YTD 2012     YTD 2011
Revenues ($ thousands)                     736,091    1,404,527
Net (loss) income ($ thousands)          (347,067)      115,237
Diluted EPS GAAP basis($)                   (6.05)         1.21
Diluted EPS Non-GAAP basis($)                 0.62         1.21
U.S. equity Market Making statistics:
Average daily dollar value traded 
($ billions)                                  20.1         25.3
Average daily trades (thousands)           2,978.9      3,620.6
Nasdaq and Listed shares traded (billions)   172.1        216.5
FINRA OTC Bulletin Board and Other shares 
traded (billions)                            621.3        876.7
Average revenue capture per U.S. equity 
dollar value traded (bps)                     0.06         1.06
Average revenue capture per U.S. equity 
dollar value traded, excluding
impact of Facebook IPO and August 1st 
technology issue (bps) *                      1.03         1.06
Average daily Knight Direct equity shares 
(millions)                                   207.1        183.7
Average daily Knight Hotspot FX notional 
dollar value traded ($ billions)**            25.4         29.6 
* Statistic excludes $26.0 million in trading losses related to the 
Facebook IPO and $456.6 million in trading losses related to the August 1st 
technology issue.
** In the second quarter of 2012, Knight modified the reporting of Knight
Hotspot FX notional dollar value traded volume to count one side of the
transaction. The company previously counted total client volume to include both
sides of the transaction. The company posts Knight Hotspot FX volume statistics
each month to its web site, which has been updated to show one-sided volume
statistics dating back to the beginning of 2010. 
"Despite unprecedented challenges, Knight finished the year strong," said 
r. Joyce. "For the full year 2012, Knight ranked first among market makers in
retail U.S. equity volume and continued to drive execution quality for
individual investors. The f irm's electronic trading products gained market
share year over year across institutional equities, institutional spot foreign
exchange and retail f ixed income. Subsidiary Urban Financial Group ranked
second in reverse mortgage origination and accounted for nearly a quarter of 
all HMBS issuance during the year." 
Market Making
During the fourth quarter of 2012, the Market Making segment generated total
revenues of $136.4 million and pre-tax income of $32.4 million. In the fourth
quarter of 2011, Market Making reported total revenues of $187.4 million and
pre-tax income of $84.4 million. Market Making had pre-tax margins of 24 
percent in the fourth quarter of 2012 compared to pre-tax margins of 45 percent
in the fourth quarter of 2011. The results were impacted by an estimated eight 
percent decrease in overall retail U.S. equity volume year over year as well as
an approximate 44 percent decline in market volatility over the same period. 
"In Market Making, Knight posted its highest quarterly market share of retail
U.S. equity volume in two years," said Mr. Joyce. "The data, I believe, reflect
the completeness of Knight's offering in terms of market coverage, deep natural
liquidity, execution quality and client service. Despite encouraging signs in
retail trading activity, the poor overall market conditions constrained
financial results." 
Institutional Sales and Trading
During the fourth quarter of 2012, the Institutional Sales and Trading segment
generated total revenues of $114.8 million and pre-tax income of $9.4 million.
In the fourth quarter of 2011, Institutional Sales and Trading reported total
revenues of $1 03.8 million and a pre-tax loss of $1 7.1 million. 
"In Institutional Sales and Trading, Knight resumed the turnaround effort and
recorded a profitable quarter," said Mr. Joyce. "The results are due to a
combination of year over year segment revenue growth and expense reductions
across the sales and trading desks. Urban made a major contribution from
increased origination and securitization compared to a year ago." 
Electronic Execution Services
During the fourth quarter of 2012, the Electronic Execution Services segment
generated total revenues of $36.8 million and pre-tax income of $7.2 million. 
In the fourth quarter of 2011, Electronic Execution Services reported total
revenues of $40.6 million and pre-tax income of $1 2.5 million. Electronic
Execution Services had pre-tax margins of 20 percent in the fourth quarter of
2012 compared to pre-tax margins of 31 percent in the fourth quarter of 2011.
The results were impacted by declines in overall market volumes of U.S.
equities, institutional spot foreign exchange and retail U.S. corporate bonds. 
"In Electronic Execution Services, Knight continued to outperform the markets
and post solid margins," said Mr. Joyce. "Knight Direct, Knight Hotspot FX and
Knight BondPoint all increased market share year over year amid weaker overall
volumes in their respective categories. The client acceptance underscores the
spread of electronic trading and exceptional utility of Knight's platforms." 
The combined institutional equities sales team, comprised of staff from
Institutional Sales and Trading and Electronic Execution Services, will be
jointly led by Head of Institutional Equities Joseph Mazzella and Head of
International Albert Maasland. As a result of the consolidation, Head of
Electronic Execution Services David Lehmann will leave the firm. 
"In David's 10 years at Knight, he made numerous meaningful contributions to 
our growth. We thank him for his advice and guidance over the years and wish 
him all the best as he moves forward," said Mr. Joyce. 
Corporate and Other
During the fourth quarter of 2012, the Corporate and Other segment reported a
pre-tax loss of $42.3 million, which included an $11.4 million non-cash
write-down of a strategic investment and approximately $7.7 million in
professional fees associated with the announced merger and the August 1st
technology issue. In the fourth quarter of 2011, the Corporate and Other 
segment reported a pre-tax loss of $16.5 million. 
Given the discontinuation of correspondent clearing, Head of Correspondent
Clearing Steven Sadoff will leave the firm. 
"Steven performed tremendous work in leading Knight's technology and 
operations, and we thank him for his service," said Mr. Joyce. 
Headcount at December 31, 2012 was 1,524 full-time employees, compared to 1,423
full-time employees at December 31, 2011. The increase in headcount year over
year is primarily due to the acquisition of our futures business as well as the
expansion of market making and reverse mortgage origination. 
During the fourth quarter of 2012, the company did not repurchase any shares
under the company's existing stock repurchase program. To date, the company has
repurchased 76.7 million shares for $879.1 million. The company has
approximately $120.9 million of availability to repurchase shares under the
program. The company cautions that there are no assurances that any further
repurchases may actually occur. 
Non-GAAP Financial Presentations
The company believes that certain non-GAAP financial presentations, when taken
into consideration with the corresponding GAAP financial presentations, are
important in understanding the company's operating results. Selected financial
information is included in the company's non-GAAP financial presentations for
the three months and year ended December 31, 2012. This information includes 
the effects of the August 1, 2012 technology issue and subsequent related 
costs, the write-down of goodwill and intangible assets, trading losses related
to the Facebook IPO, a gain resulting from a change in the tax status of a 
strategic investment, the write-down of a strategic investment, professional 
fees related to the announced merger, and a deemed dividend related to the 
beneficial conversion feature of convertible preferred shares issued in August
2012. We believe this presentation provides meaningful information to 
stockholders and investors as it provides comparability for our results of 
operations for the three months and year ended December 31, 2012 with the 
results for the three months and year ended December 31, 2011. See schedules 
below for a full reconciliation of GAAP to non-GAAP financial presentations. 
                                * * * 
Copies of this earnings release and other company information can be obtained 
on Knight's website, http://www.knight.com/. In addition, the company will 
release its monthly volume statistics for December 2012 on its website at
http://www.knight.com/ourfirm/volumestats.asp before the start of trading 
today. Due to the announced merger with GETCO LLC, Knight will not host a 
conference call on the fourth quarter of 2012. 


                                    * * *

Knight Capital Group (NYSE Euronext: KCG) is a global financial services firm
that provides access to the capital markets across multiple asset classes to a
broad network of clients, including broker-dealers, institutions and
corporations. Knight is headquartered in Jersey City, N.J. with a global
presence across the Americas, Europe, and the Asia Pacific regions. For further
information about Knight, please visit http://www.knight.com/.

Certain statements contained herein may constitute "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995.
Forwardlooking statements are typically identified by words such as "believe,"
"expect," "anticipate," "intend," "target," "estimate," "continue," 
"positions," "prospects" or "potential," by future conditional verbs such as 
"will," "would," "should," "could" or "may", or by variations of such words or 
by similar expressions. These "forwardlooking statements" are not historical 
facts and are based on current expectations, estimates and projections about 
the parties' industry, management beliefs and certain assumptions made by 
management, many of which, by their nature, are inherently uncertain and beyond
our control. Accordingly, readers are cautioned that any such forward-looking 
statements are not guarantees of future performance and are subject to certain 
risks, uncertainties and assumptions that are difficult to predict including, 
without limitation, risks associated with the August 1, 2012 technology issue 
at Knight that resulted in Knight sending numerous erroneous orders in 
NYSE-listed and NYSE Arca securities into the market and the impact to Knight's
capital structure and business as well as actions taken in response thereto and
consequences thereof, risks associated with Knight's ability to recover all or 
a portion of the damages that are attributable to the manner in which NASDAQ 
OMX handled the Facebook IPO, risks associated with changes in market 
structure, legislative, regulatory or financial reporting rules, risks 
associated with past or future changes to organizational structure and 
management and the costs, integration, performance and operation of businesses 
previously acquired or developed organically, or that may be acquired or 
developed organically in the future. Readers should carefully review the risks 
and uncertainties disclosed in Knight's reports with the SEC, including, 
without limitation, those detailed under "Certain Factors Affecting Results of 
Operations" and "Risk Factors" in the Company's Annual Report on Form 10-K for 
the year-ended December 31, 2011 and in the Company's Quarterly Report on 
Form 10-Q for the quarter ended September 30, 2012, and in other reports or 
documents Knight or the new Knight/GETCO holding company files with, or 
furnishes to, the SEC from time to time.

In addition to factors previously disclosed in Knight's reports filed with the
SEC and those identified elsewhere in this filing, the following factors among
others, could cause actual results to differ materially from forward-looking
statements or historical performance: ability to obtain regulatory approvals 
and meet other closing conditions to the mergers, including approval by Knight 
and GETCO stockholders, on the expected terms and schedule; delay in closing 
the mergers; difficulties and delays in integrating the Knight and GETCO 
businesses or fully realizing cost savings and other benefits; business 
disruption following the mergers; the inability to sustain revenue and earnings
growth; customer and client actions; and the inability to realize cost savings 
or revenues or to implement integration plans and other consequences associated
with mergers, acquisitions and divestitures.

KNIGHT CAPITAL GROUP, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
                        For the three months         For the year 
                          ended December 31,      ended December 31,
                        2012            2011    2012                2011


                       (In thousands, except per share amounts)
Revenues
Commissions and 
fees                $ 150,901     $ 164,587   $ 652,821         $ 749,911
Net trading revenue   140,478       168,412      50,082           631,989
Interest, net           6,985           443      24,859             4,649
Investment (loss) 
income and other, net (10,713)        7,885       8,329            17,978
Total revenues        287,651       341,327     736,091         1,404,527 
Expenses
Employee compensation 
and benefits          122,477       137,496     525,247           583,786
Execution and 
clearance fees         47,183        53,433     200,363           229,209
Communications and 
data processing        25,145        21,557      97,689            87,109
Payments for order 
flow                   28,666        19,238      90,608            85,269
Interest               13,119        11,827      52,889            42,068
Depreciation and 
amortization           11,635        13,519      50,348            54,000
Professional fees      13,442         5,907      32,375            21,305
Occupancy and 
equipment rentals       7,317         6,558      27,324            28,084
Business development    4,633         6,490      20,673            23,360
Writedown of assets 
and lease loss accrual    -             700     143,034             2,978
Restructuring             -              -         -               28,624
Other                   7,218         1,455      32,231            31,606
Total expenses        280,835       278,180   1,272,781         1,217,398 
Income (loss) from 
continuing operations  
before income taxes     6,816        63,147    (536,690)          187,129
Income tax expense 
(benefit)                 358        22,883    (189,623)           71,488
Income (loss) from 
continuing operations, 
net of tax              6,458        40,264    (347,067)          115,641
Loss from discontinued 
operations, net of tax    -             (26)       -                 (404)
Net income (loss)     $ 6,458      $ 40,238  $ (347,067)        $ 115,237
Dividend on convertible 
preferred shares       (1,217)          -        (2,268)              -
Deemed dividend related 
to beneficial conversion
feature of convertible 
preferred shares          -             -      (373,364)              -
Net income (loss) 
attributable to common
stockholders          $ 5,241      $ 40,238  $ (722,699)         $ 115,237
Basic earnings (loss)
per share from 
continuing operations  $ 0.03        $ 0.45     $ (6.05)            $ 1.26
Diluted earnings (loss) 
per share from continuing 
operations             $ 0.01        $ 0.43     $ (6.05)            $ 1.22
Basic earnings (loss) 
per share              $ 0.03        $ 0.44     $ (6.05)            $ 1.26
Diluted earnings (loss) 
per share              $ 0.01        $ 0.43     $ (6.05)            $ 1.21
Shares used in 
computation of basic 
earnings per share    176,907        90,427     119,376             91,490
Shares used in 
computation of diluted 
earnings per share    358,273        93,141     119,376             95,013 

KNIGHT CAPITAL GROUP, INC.
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
(Unaudited) 
ASSETS 
                                   December 31, 2012 December 31, 2011 
                                          (In thousands)
Cash and cash equivalents                    $ 413,926        $ 467,633
Cash and securities segregated under federal
 and other regulations                         166,992           11,010
Financial instruments owned, at fair value:
Equities                                     1,463,916        1,416,090
Debt securities                                249,846          134,631
Listed equity options                          202,091          280,384
Loan inventory                                 191,712          206,572
Other financial instruments                        237           21,483
Securitized HECM loan inventory              4,054,905        1,722,631
Total financial instruments owned, at fair 
value                                        6,162,707        3,781,791
Collateralized agreements:
Securities borrowed                          1,008,720        1,494,647
Receivable from brokers, dealers and 
clearing organizations                       1,149,984          623,897
Fixed assets and leasehold improvements,
at cost, less accumulated depreciation and 
amortization                                   108,114          111,464
Investments                                     78,348           83,231
Goodwill                                       213,900          337,843
Intangible assets, less accumulated 
amortization                                    64,833           92,889
Income taxes receivable                        152,576            9,788
Other assets                                   258,347          138,758
Total assets                               $ 9,778,447      $ 7,152,951 
LIABILITIES, CONVERTIBLE PREFERRED STOCK & EQUITY 
Liabilities 
Financial instruments sold, not yet purchased, at fair value:
Equities                                    $ 1,164,999    $ 1,369,750
Debt securities                                 318,158         63,073
Listed equity options                           155,942        254,506
Other financial instruments                       5,505         34,563
Total financial instruments sold, not yet 
purchased, at fair value                      1,644,604      1,721,892
Collateralized financings:
Securities loaned                               504,082        697,998
Financial instruments sold under agreements 
to repurchase                                   466,487        420,320
Other secured financings                        146,330         59,405
Liability to GNMA trusts, at fair value       4,002,704      1,710,627
Total collateralized financings               5,119,603      2,888,350
Payable to brokers, dealers and clearing 
organizations                                   388,788        322,660
Payable to customers                            402,464         23,664
Accrued compensation expense                    153,934        188,939
Accrued expenses and other liabilities          197,761        121,083
Long-term debt                                  388,753        424,338
Total liabilities                             8,295,907      5,690,926  
Convertible Preferred Stock                     229,857             -
Equity
Class A common stock                              2,748          1,664
Additional paid-in capital                    1,400,317        850,837
Retained earnings                               710,621      1,433,320
Treasury stock, at cost                        (858,907)      (823,023)
Accumulated other comprehensive loss             (2,096)          (773)
Total equity                                  1,252,683      1,462,025
Total liabilities, convertible preferred 
stock and equity                            $ 9,778,447    $ 7,152,951 
KNIGHT CAPITAL GROUP, INC.
PRE-TAX EARNINGS BY BUSINESS SEGMENT*
(In thousands)
(Unaudited) 


                               For the three months ended  For the year ended 
                                      December 31,             December 31,


                              2012           2011     2012           2011
Market Making 
Revenues (1) (3)             $ 136,439      $ 187,365   $ 60,940     $ 704,471
Expenses (2) (5)               104,015        103,014    429,417       448,390
Pre-tax earnings (loss)         32,424         84,351   (368,477)      256,080 
Institutional Sales and Trading
Revenues (3)                   114,789        103,828    468,444       511,525
Expenses (2) (5)               105,355        120,977    592,649       555,885
Pre-tax earnings (loss)          9,434        (17,149)  (124,205)     
(44,360)
Electronic Execution Services
Revenues                        36,767         40,579    159,054       167,926
Expenses (5)                    29,549         28,104    121,954       118,444
Pre-tax earnings                 7,218         12,475     37,100        49,482
Corporate and Other
Revenues (4)                      (345)         9,555     47,654        20,606
Expenses (2) (5)                41,915         26,084    128,761        94,679
Pre-tax loss                   (42,261)       (16,529)   (81,108)     
(74,074)
Consolidated
Revenues                       287,651        341,327    736,091     1,404,527
Expenses                       280,835        278,180  1,272,781     1,217,398
Pre-tax earnings (loss)        $ 6,816       $ 63,147 $ (536,690)    $ 187,129 
* Totals may not add due to rounding.
(1) - Included in revenues for the year ended December 31, 2012 is a trading
loss of $457.6 million related to the August 1 st technology issue.
(2) - Included in expenses for the year ended December 31, 2012 is a writedown
of assets of $143.0 million which includes $11.9 million for Market Making and
$131.1 million for Institutional Sales and Trading. Additionally, the Corporate
and Other segment includes $7.7 million for the three months ended December 31,
2012 and $1 1.2 million for the year ended December 31, 2012 in professional
fees related to the merger and the August 1st technology issue.
(3) - Included in revenues for the year ended December 31, 2012 is a Facebook
IPO trading loss of $35.4 million which includes $26.0 million for Market Making
and $9.4 million for Institutional Sales and Trading.
(4) - Included in revenues for the three months and year ended December 31, 2012
is an $1 1.4 million write-down of a strategic investment. Also included in
revenues for the year ended December 31, 2012 is a gain on strategic investment
of $10.0 million.
(5) - Included in expenses for the year ended December 31, 2011 is a
Restructuring charge 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. 
KNIGHT CAPITAL GROUP, INC.
Regulation G Reconciliation of Non-GAAP financial measures
(in thousands) 


                   Market  Institutional   Electronic  Corporate  Consolidated
                   Making      Sales       Execution   and Other 


                        and Tradin     Services
Three months ended
December 31, 2012 
Reconciliation of 
GAAP Pre-Tax to 
Non-GAAP Pre-Tax:
GAAP Pre-Tax Income 
(Loss)            $ 32,424   $ 9,434       $ 7,218      $ (42,261)    $ 6,816
Write-down of 
strategic 
investment              -          -             -         11,384      11,384
Professional 
fees related to 
merger and August 
1st technology 
issue                   -          -             -          7,702       7,702
Non-GAAP Pre-Tax 
Income (Loss)    $ 32,424    $ 9,434       $ 7,218      $ (23,175)   $ 25,902 


                   Market  Institutional   Electronic   Corporate Consolidated
                   Making      Sales       Execution    and Other 


                        and Tradin     Services
Year ended December
31, 2012  
Reconciliation 
of GAAP Pre-Tax 
to Non-GAAP 
Pre-Tax:
GAAP Pre-Tax (Loss) 
Income           $ (368,477)  $ (124,205)   $ 37,100    $ (81,108)  $ (536,690)
August 1st 
trading loss, 
related costs 
and professional 
fees related to 
merger              457,570        -            -          11,222      468,792
Write-down of assets 11,917      131,117        -             -        143,034
Facebook IPO trading 
losses               25,975        9,385         78           -         35,438
Investment gain        -           -            -          (9,992)     
(9,992)
Write-down of 
strategic 
investment             -           -            -          11,384       11,384
Non-GAAP Pre-Tax 
Income (Loss)     $ 126,985     $ 16,297   $ 37,178     $ (68,494)   $ 111,966 
* Totals may not add due to rounding 
KNIGHT CAPITAL GROUP, INC.
Regulation G Reconciliation of Non-GAAP financial measures 
(in thousands, except per share amounts) 


                                       Three Months Ended      Year Ended
                                       December 31, 2012     December 31, 2012


                                   $             EPS     $            EPS
Reconciliation of GAAP Net Income 
(Loss) to Non - GAAP Net Income :
Net income (loss) attributable to 
common stockholders - GAAP           $ 5,241      $ 0.01  $ (722,699)  $ (6.05)
Add back:
Deemed dividend related to 
beneficial conversion feature 
of convertible preferred shares           -          -       373,364      3.13
Dividend on convertible preferred 
shares                                 1,217        0.00       2,268      0.01
August 1st trading loss, related 
costs and professional fees related 
to merger                              5,006        0.01     304,923      2.55
Write-down of assets                      -          -        93,037      0.78
Facebook IPO trading losses               -          -        23,051      0.19
Investment gain                           -          -        (6,499)    (0.05)
Write-down of strategic investment     7,400        0.02       7,400      0.06
Net income attributable to common 
stockholders - Non-GAAP             $ 18,864      $ 0.05    $ 74,846    $ 0.62 
Shares used in computation of 
earnings per share                               358,273               119,376 
* Totals may not add due to rounding
 

SOURCE Knight Capital Group, Inc. 
CONTACT: Kara Fitzsimmons, Managing Director, Media Relations, +1-201-356-1523,
kfitzsimmons@knight.com or Jonathan Mairs, Managing Director, Corporate
Communications & Investor Relations, +1-201-356-1529, jmairs@knight.com 
                  
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-0- Jan/24/2013 11:58 GMT
 
 
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