Focus Financial Partners Inc. (FOCS) financial statements (2021 and earlier)

Company profile

Business Address 875 THIRD AVENUE
NEW YORK, NY 10022
State of Incorp. DE
Fiscal Year End December 31
SIC 6282 - Investment Advice (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments664335233655138
Cash and cash equivalents664335233655138
Total current assets:664335233655138
Noncurrent Assets
Operating lease, right-of-use asset230237203182180  
Property, plant and equipment49454242424034
Intangible assets, net (including goodwill)2,3692,0732,0942,1112,0942,0881,902
Goodwill1,2561,1261,1211,1121,0901,073989
Intangible assets, net (excluding goodwill)1,1139489739991,0031,014913
Regulated entity, other noncurrent assets1111562
Deferred income tax assets107103767375  
Total noncurrent assets:2,7562,4592,4152,4082,3962,1331,938
Other undisclosed assets241227211208192460444
TOTAL ASSETS:3,0632,7292,6612,8492,6542,6452,421
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities2,2041,8911,8302,0221,8501,8311,605
Total liabilities:2,2041,8911,8302,0221,8501,8311,605
Stockholders' equity
Stockholders' equity attributable to parent, including:540541505519484498486
Additional paid in capital527537503520498 490
Accumulated other comprehensive loss(2)(7)(9)(9)(1)(4)(2)
Retained earnings (accumulated deficit)151197(13)(1)(3)
Other undisclosed stockholders' equity attributable to parent111115031
Stockholders' equity attributable to noncontrolling interest319298326308320316330
Total stockholders' equity:859839831827804814816
TOTAL LIABILITIES AND EQUITY:3,0632,7292,6612,8492,6542,6452,421

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues380331313337340317302
Cost of revenue(252)(219)(210)(170)(201)(210)(191)
Gross profit:128113103167139106110
Operating expenses(106)(94)(89)(101)(113)(94)(91)
Operating income:22191466261320
Nonoperating income (expense)(0)(1)01(0)0(0)
Investment income, nonoperating0000000
Other nonoperating income (expense)(0)(1)01(0)0(0)
Interest and debt expense(9)(9)(10)(20)(15)(16)(14)
Income (loss) from continuing operations before equity method investments, income taxes:12944711(3)5
Income from equity method investments0000000
Other undisclosed loss from continuing operations before income taxes(1)(1)(1)(1)(13)(1)(1)
Income (loss) from continuing operations before income taxes:128346(2)(4)5
Income tax expense (benefit)(4)(4)(0)(12)(11)4(1)
Net income (loss):84334(13)03
Net income (loss) attributable to noncontrolling interest(4)(2)(1)(14)11(2)
Net income (loss) available to common stockholders, diluted:42220(12)11

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):84334(13)03
Other undisclosed comprehensive income (loss)820(12)4(2)(1)
Comprehensive income (loss):166423(9)(2)2
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(7)(3)(1)(10)(1)2(2)
Comprehensive income (loss), net of tax, attributable to parent:93313(10)(0)0

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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