7Baggers

Tradeweb Markets Quarterly Balance Sheets Chart

Quarterly
 | 
Annual
 
 Goodwill  
 Account Receivables  
 Cash and Cash Eq  
 Deferred Revenue  
20200930 20201231 20210331 20210630 20210930 20211231 20220331 20220630 20220930 20221231 20230331 20230630 20230930 20231231 20240331 20240630 20240930 20241231 20250331 20250630 00.450.91.351.82.252.73.15Billion

Tradeweb Markets Quarterly Balance Sheets Table

Quarterly
 | 
Annual
 
Unit: USD2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 
                            
  assets                          
  cash and cash equivalents1,630,121,000 1,306,455,000 1,340,302,000 1,173,734,000 1,718,230,000 1,544,881,000 1,706,468,000 1,493,410,000 1,395,901,000 1,232,675,000 1,257,229,000 1,110,227,000 959,719,000 828,061,000 972,048,000 821,905,000 681,225,000 809,938,000 791,280,000 677,352,000 559,889,000 424,357,000 460,711,000 389,930,000 313,582,000  
  restricted cash1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,500,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,200,000 1,200,000  
  receivable from brokers and dealers and clearing organizations543,114,000 135,760,000 67,805,000 297,842,000 432,037,000 676,111,000 381,178,000 4,966,000 128,015,000 14,216,000 11,632,000 856,000 1,646,000 91,085,000  33,950,000 37,436,000 25,362,000 368,000 57,346,000 66,821,000 95,908,000 30,641,000 747,660,000 255,250,000  
  deposits with clearing organizations66,926,000 102,048,000 54,702,000 65,277,000 62,694,000 114,601,000 36,806,000 26,433,000 23,942,000 34,190,000 23,906,000 25,214,000 25,990,000 35,466,000 20,523,000 24,396,000 21,799,000 10,783,000 11,671,000 10,163,000 10,955,000 11,307,000 9,724,000 12,101,000 13,398,000  
  accounts receivable264,825,000 271,505,000 222,268,000 248,615,000 233,084,000 192,601,000 168,407,000 167,039,000 163,219,000 171,244,000 142,676,000 150,201,000 155,426,000 164,968,000 129,937,000 133,351,000 141,903,000 144,494,000 105,286,000 97,783,000 101,512,000 133,468,000 92,814,000 95,398,000 92,854,000  
  furniture, equipment, purchased software and leasehold improvements, net of accumulated depreciation and amortization40,680,000 43,837,000 45,973,000 32,707,000 32,456,000 33,410,000 33,559,000 36,151,000 35,823,000 36,885,000 37,413,000 33,433,000 35,300,000 35,141,000 31,060,000 28,079,000 32,775,000 32,733,000 33,814,000 33,428,000 35,733,000 37,061,000 40,405,000 36,879,000 35,742,000  
  lease right-of-use assets29,643,000 29,813,000 33,550,000 26,104,000 25,662,000 22,113,000 25,206,000 19,406,000 20,427,000 22,603,000 24,933,000 25,603,000 26,915,000 28,820,000 20,496,000            
  software development costs, net of accumulated amortization283,193,000 288,368,000 296,721,000 305,088,000 151,418,000 155,007,000 131,332,000 134,275,000 135,767,000 138,478,000 141,833,000 144,687,000 148,483,000 152,241,000 156,203,000 160,253,000 163,770,000 165,587,000 168,030,000 169,877,000 171,155,000 172,100,000 173,086,000 173,066,000 172,614,000  
  goodwill3,150,112,000 3,150,112,000 3,150,112,000 3,149,956,000 2,857,713,000 2,857,713,000 2,815,524,000 2,815,317,000 2,780,259,000 2,780,259,000 2,780,259,000 2,780,259,000 2,780,259,000 2,780,259,000 2,780,259,000 2,782,779,000 2,782,779,000 2,694,797,000 2,694,797,000 2,694,797,000 2,694,797,000 2,694,797,000 2,694,797,000 2,694,797,000 2,694,797,000  
  intangible assets, net of accumulated amortization1,211,697,000 1,246,295,000 1,280,892,000 1,315,490,000 1,004,116,000 1,032,797,000 1,004,797,000 1,032,354,000 1,019,219,000 1,046,018,000 1,072,818,000 1,099,617,000 1,126,417,000 1,153,216,000 1,180,016,000 1,204,806,000 1,231,567,000 1,157,182,000 1,182,034,000 1,206,886,000 1,231,737,000 1,256,589,000 1,281,441,000 1,306,293,000 1,331,145,000  
  receivable and due from affiliates736,000 1,100,000 8,094,000 97,000 2,980,000 2,540,000 192,000 3,165,000 4,441,000 3,863,000                 
  deferred tax asset651,842,000 660,722,000 659,203,000 634,672,000 684,200,000 693,240,000 684,250,000 693,171,000 708,947,000 679,458,000 689,442,000 676,709,000 638,572,000 651,091,000 618,970,000 641,708,000 659,274,000 662,210,000 579,562,000 516,051,000 525,534,000 291,920,000 256,450,000 103,153,000 98,469,000  
  other assets182,166,000 132,946,000 107,371,000 86,135,000 78,951,000 69,935,000 70,819,000 77,866,000 73,041,000 79,177,000 76,984,000 79,902,000 83,997,000 77,334,000 76,355,000 78,549,000 83,663,000 75,249,000 82,460,000 44,561,000 38,254,000 37,422,000 27,236,000 29,650,000 30,302,000  
  total assets8,056,055,000 7,369,961,000 7,267,993,000 7,336,717,000 7,284,541,000 7,395,949,000 7,059,538,000 6,504,553,000 6,490,501,000 6,240,066,000 6,260,131,000 6,136,601,000 5,989,538,000 6,001,123,000 5,990,180,000 5,936,500,000 5,864,890,000 5,808,934,000 5,679,850,000 5,537,353,000 5,463,881,000 5,184,716,000 5,095,334,000 5,622,680,000 5,072,347,000 100 
  liabilities and equity                          
  liabilities                          
  payable to brokers and dealers and clearing organizations542,738,000 104,799,000 67,816,000 286,179,000 424,751,000 646,643,000 351,864,000 4,966,000 128,009,000 14,215,000 11,264,000 855,000 1,644,000 70,512,000  33,828,000 36,611,000 25,145,000 252,000 56,802,000 66,697,000 55,157,000 30,452,000 713,020,000 255,163,000  
  accrued compensation158,387,000 103,485,000 222,959,000 179,142,000 119,270,000 81,765,000 164,329,000 121,227,000 84,878,000 65,035,000 150,884,000 123,531,000 90,774,000 74,941,000 154,824,000 113,038,000 85,635,000 70,202,000 129,288,000 101,436,000 71,879,000 58,016,000 119,415,000 94,652,000 68,622,000  
  deferred revenue40,614,000 46,980,000 30,800,000 29,580,000 28,174,000 27,488,000 25,746,000 31,404,000 27,412,000 30,577,000 22,827,000 28,568,000 23,862,000 27,667,000 24,930,000 29,780,000 28,052,000 27,186,000 23,193,000 29,857,000 27,428,000 26,269,000 23,990,000 28,557,000 25,270,000  
  accounts payable, accrued expenses and other liabilities146,775,000 122,132,000 95,290,000 99,828,000 77,148,000 87,296,000 57,501,000 46,668,000 40,914,000 53,361,000 52,508,000 37,375,000 39,783,000 47,489,000 38,832,000 38,649,000 41,172,000 44,291,000 42,692,000 36,791,000 39,258,000 46,134,000 32,834,000 44,650,000 34,502,000  
  lease liabilities32,322,000 32,271,000 35,748,000 28,590,000 28,105,000 24,703,000 27,463,000 22,040,000 23,287,000 25,806,000 27,943,000 28,668,000 29,922,000 31,926,000 24,331,000            
  payable and due to affiliates14,685,000 574,000 763,000 1,582,000  334,000 1,327,000 527,000 1,744,000 9,933,000                 
  deferred tax liability42,856,000 42,742,000 42,893,000 43,018,000 18,751,000 19,713,000 20,767,000 18,004,000 18,913,000 20,204,000 21,251,000 19,881,000 20,274,000 20,659,000 21,011,000 17,566,000 18,134,000 18,804,000 19,425,000 20,565,000 21,411,000 21,572,000 21,572,000 20,620,000 21,304,000  
  tax receivable agreement liability351,402,000 369,773,000 372,839,000 382,407,000 380,937,000 431,980,000 457,523,000 447,976,000 447,976,000 420,070,000 425,724,000 439,348,000 409,153,000 409,113,000 412,449,000 425,150,000 425,150,000 425,150,000 404,332,000 372,953,000 372,953,000 252,029,000 240,817,000 171,426,000 171,426,000  
  total liabilities1,329,779,000 822,756,000 869,108,000 1,050,326,000 1,077,136,000 1,319,922,000 1,128,132,000 692,812,000 773,133,000 639,201,000 713,815,000 683,034,000 618,770,000 707,392,000 681,237,000 688,171,000 666,562,000 643,796,000 660,687,000 658,134,000 634,738,000 495,868,000 502,589,000 1,135,444,000 617,547,000  
  commitments and contingencies                          
  equity                          
  preferred stock, 0.00001 par value; 250,000,000 shares authorized; none issued or outstanding                          
  class a common stock1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000   0 
  class b common stock1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 0 
  class c common stock, 0.00001 par value; 350,000,000 shares authorized; 18,000,000 and 18,000,000 shares issued and outstanding as of june 30, 2025 and december 31, 2024, respectively                          
  class d common stock, 0.00001 par value; 300,000,000 shares authorized; 5,062,538 and 5,073,538 shares issued and outstanding as of june 30, 2025 and december 31, 2024, respectively                          
  additional paid-in capital4,842,990,000 4,821,151,000 4,813,408,000 4,788,780,000 4,795,562,000 4,771,075,000 4,738,758,000 4,706,499,000 4,693,795,000 4,577,609,000 4,577,270,000 4,542,160,000 4,420,405,000 4,388,663,000 4,401,366,000 4,366,044,000 4,347,884,000 4,307,046,000 4,143,094,000 3,940,592,000 3,922,559,000 3,426,625,000 3,329,386,000 2,855,885,000 2,846,681,000 99 
  accumulated other comprehensive income7,031,000 -1,811,000 -9,981,000 1,115,000 -7,920,000 -7,524,000 -5,389,000 -10,836,000 -6,818,000 -7,765,000 -10,113,000 -21,601,000 -10,404,000 -1,964,000 1,604,000 2,279,000 4,714,000 4,102,000 4,314,000 100,000 -2,693,000 -2,179,000 1,366,000 -1,854,000 -525,000  
  retained earnings1,247,748,000 1,119,572,000 996,763,000 910,750,000 843,158,000 745,240,000 640,384,000 570,149,000 495,481,000 433,049,000 386,632,000 348,329,000 304,899,000 261,915,000 242,623,000 221,947,000 195,368,000 207,870,000 156,041,000 116,161,000 94,374,000 78,361,000 47,833,000 19,570,000 1,393,000  
  total stockholders’ equity attributable to tradeweb markets inc.6,097,771,000 5,938,914,000 5,800,192,000 5,700,647,000 5,630,802,000 5,508,793,000 5,373,755,000 5,265,814,000 5,182,460,000 5,002,895,000 4,953,791,000 4,868,890,000 4,714,902,000 4,648,616,000 4,645,595,000            
  non-controlling interests628,505,000 608,291,000 598,693,000 585,744,000 576,603,000 567,234,000 557,651,000 545,927,000 534,908,000 597,970,000 592,525,000 584,677,000 655,866,000 645,115,000 663,348,000 658,057,000 650,360,000 646,118,000 715,712,000 822,364,000 814,901,000 1,186,039,000 1,214,157,000 1,613,633,000 1,607,249,000  
  total equity6,726,276,000 6,547,205,000 6,398,885,000 6,286,391,000 6,207,405,000 6,076,027,000 5,931,406,000 5,811,741,000 5,717,368,000 5,600,865,000 5,546,316,000 5,453,567,000 5,370,768,000 5,293,731,000 5,308,943,000 5,248,329,000 5,198,328,000 5,165,138,000 5,019,163,000 4,879,219,000 4,829,143,000 4,688,848,000 4,592,745,000 4,487,236,000 4,454,800,000  
  total liabilities and equity8,056,055,000 7,369,961,000 7,267,993,000 7,336,717,000 7,284,541,000 7,395,949,000 7,059,538,000 6,504,553,000 6,490,501,000 6,240,066,000 6,260,131,000 6,136,601,000 5,989,538,000 6,001,123,000 5,990,180,000 5,936,500,000 5,864,890,000 5,808,934,000         
  class c common stock, 0.00001 par value; 350,000,000 shares authorized; 18,000,000 and 18,000,000 shares issued and outstanding as of march 31, 2025 and december 31, 2024, respectively                          
  class d common stock, 0.00001 par value; 300,000,000 shares authorized; 5,066,538 and 5,073,538 shares issued and outstanding as of march 31, 2025 and december 31, 2024, respectively                          
  securities sold under agreements to repurchase      21,612,000       20,511,000          24,938,000   
  class c common stock, 0.00001 par value; 350,000,000 shares authorized; 18,000,000 and 18,000,000 shares issued and outstanding as of december 31, 2024 and 2023, respectively                          
  class d common stock, 0.00001 par value; 300,000,000 shares authorized; 5,073,538 and 5,077,973 shares issued and outstanding as of december 31, 2024 and 2023, respectively                          
  class c common stock, 0.00001 par value; 350,000,000 shares authorized; 18,000,000 and 18,000,000 shares issued and outstanding as of september 30, 2024 and december 31, 2023, respectively                          
  class d common stock, 0.00001 par value; 300,000,000 shares authorized; 5,073,738 and 5,077,973 shares issued and outstanding as of september 30, 2024 and december 31, 2023, respectively                          
  class c common stock, 0.00001 par value; 350,000,000 shares authorized; 18,000,000 and 18,000,000 shares issued and outstanding as of june 30, 2024 and december 31, 2023, respectively                          
  class d common stock, 0.00001 par value; 300,000,000 shares authorized; 5,076,973 and 5,077,973 shares issued and outstanding as of june 30, 2024 and december 31, 2023, respectively                          
  class c common stock, 0.00001 par value; 350,000,000 shares authorized; 18,000,000 and 18,000,000 shares issued and outstanding as of march 31, 2024 and december 31, 2023, respectively                          
  class d common stock, 0.00001 par value; 300,000,000 shares authorized; 5,077,973 and 5,077,973 shares issued and outstanding as of march 31, 2024 and december 31, 2023, respectively                          
  class c common stock, 0.00001 par value; 350,000,000 shares authorized; 18,000,000 and 3,251,177 shares issued and outstanding as of december 31, 2023 and 2022, respectively                          
  class d common stock, 0.00001 par value; 300,000,000 shares authorized; 5,077,973 and 23,092,704 shares issued and outstanding as of december 31, 2023 and 2022, respectively                          
  class c common stock, 0.00001 par value; 350,000,000 shares authorized; none and 3,251,177 shares issued and outstanding as of september 30, 2023 and december 31, 2022, respectively                          
  class d common stock, 0.00001 par value; 300,000,000 shares authorized; 23,080,571 and 23,092,704 shares issued and outstanding as of september 30, 2023 and december 31, 2022, respectively                          
  class c common stock, 0.00001 par value; 350,000,000 shares authorized; none and 3,251,177 shares issued and outstanding as of june 30, 2023 and december 31, 2022, respectively                          
  class d common stock, 0.00001 par value; 300,000,000 shares authorized; 23,080,571 and 23,092,704 shares issued and outstanding as of june 30, 2023 and december 31, 2022, respectively                          
  class c common stock, 0.00001 par value; 350,000,000 shares authorized; 3,251,177 and 3,251,177 shares issued and outstanding as of march 31, 2023 and december 31, 2022, respectively                          
  class d common stock, 0.00001 par value; 300,000,000 shares authorized; 23,083,971 and 23,092,704 shares issued and outstanding as of march 31, 2023 and december 31, 2022, respectively                          
  receivable from affiliates          6,000 8,893,000 5,814,000 2,441,000 3,313,000 2,806,000 2,801,000 2,527,000 111,000 36,000 1,482,000 1,506,000 2,525,000 3,515,000 2,849,000  
  payable to affiliates          1,414,000 4,808,000 3,358,000 4,574,000 4,860,000 3,390,000 3,036,000 1,816,000 5,142,000 4,977,000 3,164,000 2,288,000 1,506,000 3,737,000 6,004,000  
  class c common stock, 0.00001 par value; 350,000,000 shares authorized; 3,251,177 and 1,654,825 shares issued and outstanding as of december 31, 2022 and 2021, respectively                          
  class d common stock, 0.00001 par value; 300,000,000 shares authorized; 23,092,704 and 28,873,139 shares issued and outstanding as of december 31, 2022 and 2021, respectively                          
  class c common stock, 0.00001 par value; 350,000,000 shares authorized; 3,251,177 and 1,654,825 shares issued and outstanding as of september 30, 2022 and december 31, 2021, respectively                          
  class d common stock, 0.00001 par value; 300,000,000 shares authorized; 23,096,704 and 28,873,139 shares issued and outstanding as of september 30, 2022 and december 31, 2021, respectively                          
  class c common stock, 0.00001 par value; 350,000,000 shares authorized; 1,654,825 and 1,654,825 shares issued and outstanding as of june 30, 2022 and december 31, 2021, respectively                          
  class d common stock, 0.00001 par value; 300,000,000 shares authorized; 28,316,833 and 28,873,139 shares issued and outstanding as of june 30, 2022 and december 31, 2021, respectively                          
  class c common stock, 0.00001 par value; 350,000,000 shares authorized; 1,654,825 and 1,654,825 shares issued and outstanding as of march 31, 2022 and december 31, 2021, respectively                          
  class d common stock, 0.00001 par value; 300,000,000 shares authorized; 28,320,533 and 28,873,139 shares issued and outstanding as of march 31, 2022 and december 31, 2021, respectively                          
  employee equity compensation payable                  1,900,000 1,513,000 1,642,000 1,037,000 1,048,000 714,000 728,000  
  class c common stock, 0.00001 par value; 350,000,000 shares authorized; 1,654,825 and 3,139,821 shares issued and outstanding as of december 31, 2021 and 2020, respectively                          
  class d common stock, 0.00001 par value; 300,000,000 shares authorized; 28,873,139 and 30,871,381 shares issued and outstanding as of december 31, 2021 and 2020, respectively                          
  right-of-use assets               22,918,000 24,898,000 27,072,000 29,437,000 28,073,000 25,012,000 27,281,000 24,504,000 29,038,000 30,145,000  
  lease liability               26,770,000 28,772,000 31,202,000 34,463,000 33,240,000 30,306,000 33,366,000 30,955,000 33,130,000 34,528,000  
  class c common stock, 0.00001 par value; 350,000,000 shares authorized; 1,654,825 and 3,139,821 shares issued and outstanding as of september 30, 2021 and december 31, 2020 respectively                          
  class d common stock, 0.00001 par value; 300,000,000 shares authorized; 28,877,108 and 30,871,381 shares issued and outstanding as of september 30, 2021 and december 31, 2020 respectively                          
  total stockholders' equity attributable to tradeweb markets inc.               4,590,272,000 4,547,968,000 4,519,020,000 4,303,451,000 4,056,855,000 4,014,242,000 3,502,809,000     
  class c common stock, 0.00001 par value; 350,000,000 shares authorized; 1,654,825 and 3,139,821 shares issued and outstanding as of june 30, 2021 and december 31, 2020 respectively                          
  class d common stock, 0.00001 par value; 300,000,000 shares authorized; 28,877,108 and 30,871,381 shares issued and outstanding as of june 30, 2021 and december 31, 2020 respectively                          
  class c common stock, 0.00001 par value; 350,000,000 shares authorized; 1,654,825 and 3,139,821 shares issued and outstanding as of march 31, 2021 and december 31, 2020 respectively                          
  class d common stock, 0.00001 par value; 300,000,000 shares authorized; 28,877,108 and 30,871,381 shares issued and outstanding as of march 31, 2021 and december 31, 2020 respectively                          
  liabilities and stockholders' equity                          
  stockholders' equity                          
  preferred stock, .00001 par value; 250,000,000 shares authorized; none issued or outstanding                          
  class c common stock, .00001 par value; 350,000,000 shares authorized; 3,139,821 and 8,328,983 shares outstanding as of december 31, 2020 and 2019, respectively                          
  class d common stock, .00001 par value; 300,000,000 shares authorized; 30,871,381 and 50,853,172 shares outstanding as of december 31, 2020 and 2019, respectively                          
  total liabilities and stockholders' equity                  5,679,850,000 5,537,353,000 5,463,881,000 5,184,716,000     
  class c common stock, .00001 par value; 350,000,000 shares authorized; 5,109,991 shares issued and outstanding as of september 30, 2020                          
  class d common stock, .00001 par value; 300,000,000 shares authorized; 34,403,255 shares issued and outstanding as of september 30, 2020                          
  class c common stock, .00001 par value; 350,000,000 shares authorized; 5,109,991 shares issued and outstanding as of june 30, 2020                          
  class d common stock, .00001 par value; 300,000,000 shares authorized; 34,403,255 shares issued and outstanding as of june 30, 2020                          
  class c common stock, .00001 par value; 350,000,000 shares authorized; 7,389,983 shares issued and outstanding as of march 31, 2020                          
  class d common stock, .00001 par value; 300,000,000 shares authorized; 49,871,231 shares issued and outstanding as of march 31, 2020                          
  liabilities and stockholders' equity/members' capital                          
  mezzanine capital                          
  class c shares and class p(c) shares                          
  stockholders' equity/members' capital                          
  members' capital                          
  class c common stock, .00001 par value; 350,000,000 shares authorized; 8,328,983 shares outstanding as of december 31, 2019                          
  class d common stock, .00001 par value; 300,000,000 shares authorized; 50,853,172 shares outstanding as of december 31, 2019                      1,000    
  total stockholders' equity attributable to tradeweb markets inc./members' capital                      3,378,588,000 2,873,603,000   
  total liabilities and stockholders' equity/members' capital                      5,095,334,000 5,622,680,000 5,072,347,000  
  class c common stock, .00001 par value; 350,000,000 shares authorized; 10,006,269 shares issued and outstanding as of september 30, 2019                          
  class d common stock, .00001 par value; 300,000,000 shares authorized; 69,282,736 shares issued and outstanding as of september 30, 2019                       1,000   
  class c common stock, .00001 par value; 350,000,000 shares authorized; 10,006,269 shares issued and outstanding as of june 30, 2019                          
  class d common stock, .00001 par value; 300,000,000 shares authorized; 69,282,736 shares issued and outstanding as of june 30, 2019                        1,000  
  total stockholders' equity attributable to tradeweb markets inc./members' equity                        2,847,551,000  
  cash                         100 
  stockholder’s equity                          
  common stock                         1 
  total stockholder’s equity                         100 
  class of common stock                          
  class c common stock                         0 
  class d common stock                         0 

We provide you with 20 years of balance sheets for Tradeweb Markets stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as asset and liabilities, payables and receivables, long debts and short debts, cash and inventories, expenses and profits. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Tradeweb Markets. Explore the full financial landscape of Tradeweb Markets stock with our expertly curated balance sheets.

The information provided in this report about Tradeweb Markets stock is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.