Legg Mason, Inc. (LM) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
100 INTERNATIONAL DRIVE BALTIMORE, MD 21202 |
| State of Incorp. | MD |
| Fiscal Year End | March 31 |
| Industry (SIC) | 6282 - Investment Advice (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2020 MRQ | 3/31/2020 | 3/31/2019 | 3/31/2018 | 3/31/2017 | 3/31/2016 | 3/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 438 | 429 | 400 | ||||||
| Cash and cash equivalent | 438 | 375 | 400 | ||||||
| Short-term investments | 54 | ||||||||
| Capitalized contract cost | 9 | 8 | ✕ | ✕ | ✕ | ✕ | |||
| Total current assets: | 9 | 8 | 438 | 429 | 400 | ||||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 1 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Operating lease, right-of-use asset | 290 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 134 | 150 | 148 | 160 | 163 | 180 | |||
| Long-term investments and receivables | 28 | 28 | |||||||
| Long-term investments | 28 | 28 | |||||||
| Intangible assets, net (including goodwill), including: | 5,203 | 5,270 | 5,730 | 5,959 | 4,626 | 4,653 | |||
| Intangible assets, net (excluding goodwill) | 3,356 | 3,387 | 3,798 | 4,034 | 3,146 | 3,292 | |||
| Other undisclosed intangible assets, net (including goodwill) | 1,848 | 1,884 | 1,932 | 1,925 | 1,480 | 1,361 | |||
| Capitalized contract cost, net | 11 | 10 | ✕ | ✕ | ✕ | ✕ | |||
| Deferred costs | 4 | 5 | 7 | 10 | |||||
| Total noncurrent assets: | 5,669 | 5,459 | 5,882 | 6,124 | 4,796 | 4,843 | |||
| TOTAL ASSETS: | 5,678 | 5,467 | 5,882 | 6,562 | 5,225 | 5,243 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 250 | ||||||||
| Business combination, contingent consideration, liability | 26 | ||||||||
| Total current liabilities: | 250 | 26 | |||||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,973 | 1,971 | |||||||
| Long-term debt, excluding current maturities | 1,973 | 1,971 | |||||||
| Liabilities, other than long-term debt | 3 | 58 | |||||||
| Business combination, contingent consideration, liability | 3 | 58 | |||||||
| Total noncurrent liabilities: | 1,976 | 1,971 | 58 | ||||||
| Total liabilities: | 1,976 | 2,222 | 85 | ||||||
| Temporary equity, including noncontrolling interest | 714 | 692 | 732 | 678 | 176 | ||||
| Equity | |||||||||
| Equity, attributable to parent | (61) | ||||||||
| Accumulated other comprehensive loss | (61) | ||||||||
| Equity, attributable to noncontrolling interest | 22 | ||||||||
| Total equity: | 22 | (61) | |||||||
| TOTAL LIABILITIES AND EQUITY: | 2,690 | 2,914 | 732 | 678 | 283 | (61) | |||
Income Statement (P&L) ($ in millions)
| 6/30/2020 TTM | 3/31/2020 | 3/31/2019 | 3/31/2018 | 3/31/2017 | 3/31/2016 | 3/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,922 | 2,903 | 3,140 | 2,887 | 2,661 | 2,819 | ||
| Gross profit: | 2,922 | 2,903 | 3,140 | 2,887 | 2,661 | 2,819 | ||
| Operating expenses | (130) | 1 | (1,620) | (1,493) | (208) | (183) | ||
| Operating income: | 2,792 | 2,904 | 1,520 | 1,394 | 2,453 | 2,636 | ||
| Nonoperating income (expense) (Investment Income, Nonoperating) | 7 | 33 | (35) | |||||
| Interest and debt expense | (0) | |||||||
| Income from continuing operations before income taxes: | 2,792 | 2,904 | 1,527 | 1,427 | 2,418 | 2,636 | ||
| Income tax expense (benefit) | (106) | (21) | 103 | 3 | (4) | 1 | ||
| Income from continuing operations: | 2,686 | 2,884 | 1,630 | 1,430 | 2,414 | 2,638 | ||
| Income before gain (loss) on sale of properties: | 2,686 | 2,884 | 1,630 | 1,430 | 2,414 | 2,638 | ||
| Net income: | 2,686 | 2,884 | 1,630 | 1,430 | 2,414 | 2,638 | ||
| Net income (loss) attributable to noncontrolling interest | (53) | (36) | (51) | (59) | 8 | |||
| Net income available to common stockholders, diluted: | 2,633 | 2,847 | 1,579 | 1,370 | 2,422 | 2,638 | ||
Comprehensive Income ($ in millions)
| 6/30/2020 TTM | 3/31/2020 | 3/31/2019 | 3/31/2018 | 3/31/2017 | 3/31/2016 | 3/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 2,686 | 2,884 | 1,630 | 1,430 | 2,414 | 2,638 | ||
| Other comprehensive loss | (196) | (131) | (56) | (73) | (53) | |||
| Comprehensive income: | 2,490 | 2,752 | 1,574 | 1,356 | 2,361 | 2,638 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (53) | (36) | (51) | (59) | 8 | |||
| Comprehensive income, net of tax, attributable to parent: | 2,437 | 2,716 | 1,523 | 1,297 | 2,369 | 2,638 | ||
Statements Sources
The financial statements are based on the Company's filings with 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.