Legg Mason, Inc. (LM) Financial Statements (2024 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 thousands)

6/30/2020
Q1
3/31/2020
Q4
12/31/2019
Q3
9/30/2019
Q2
6/30/2019
Q1
3/31/2019
Q4
12/31/2018
Q3
ASSETS
Current Assets
Capitalized contract cost8,9548,5658,4778,2588,1268,049
Total current assets:8,9548,5658,4778,2588,1268,049
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization1,1751,4911,747  
Operating lease, right-of-use asset290,167294,174306,878  
Property, plant and equipment134,423138,835144,813147,865149,989150,230
Long-term investments and receivables28,37327,05128,12028,16228,16027,929
Long-term investments28,37327,05128,12028,16228,16027,929
Intangible assets, net (including goodwill), including:5,203,4563,377,5173,371,4403,383,3085,270,3133,389,799
Intangible assets, net (excluding goodwill)3,355,6903,377,5173,371,4403,383,3083,386,7593,389,799
Other undisclosed intangible assets, net (including goodwill) 1,847,766   1,883,554 
Capitalized contract cost, net11,39610,23410,25910,03910,14710,429
Total noncurrent assets:5,668,9903,849,3023,863,2573,569,3745,458,6093,578,387
TOTAL ASSETS:5,677,9443,857,8673,871,7343,577,6325,466,7353,586,436
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt   249,966250,301250,636
Total current liabilities:   249,966250,301250,636
Noncurrent Liabilities
Long-term debt and lease obligation1,972,7331,972,4131,972,0921,971,7721,971,4511,971,131
Long-term debt, excluding current maturities1,972,7331,972,4131,972,0921,971,7721,971,4511,971,131
Liabilities, other than long-term debt3,30833,64231,86533,038  
Liability, pension and other postretirement and postemployment benefits  30,26628,24029,413  
Business combination, contingent consideration, liability3,3083,3763,6253,625  
Total noncurrent liabilities:1,976,0412,006,0552,003,9572,004,8101,971,4511,971,131
Total liabilities:1,976,0412,006,0552,003,9572,254,7762,221,7522,221,767
Temporary equity, carrying amount714,414668,353683,021664,757692,376676,950
Equity
TOTAL LIABILITIES AND EQUITY:2,690,4552,674,4082,686,9782,919,5332,914,1282,898,717

Income Statement (P&L) ($ in thousands)

6/30/2020
Q1
3/31/2020
Q4
12/31/2019
Q3
9/30/2019
Q2
6/30/2019
Q1
3/31/2019
Q4
12/31/2018
Q3
Revenues711,471753,914743,264705,360692,605704,322
Gross profit:711,471753,914743,264705,360692,605704,322
Operating expenses(146,874)(20,005)(18,934)(51,502)(15,909)(14,750)
Operating income:564,597733,909724,330653,858676,696689,572
Interest and debt expense (11)(12)   
Other undisclosed loss from continuing operations before equity method investments, income taxes (45)     
Income from continuing operations before income taxes:564,552733,898724,318653,858676,696689,572
Other undisclosed loss from continuing operations (106,048)   (20,561) 
Income from continuing operations:458,504733,898724,318653,858656,135689,572
Income before gain (loss) on sale of properties:458,504733,898724,318653,858656,135689,572
Net income:458,504733,898724,318653,858656,135689,572
Net loss attributable to noncontrolling interest(22,076)(16,228)(9,448)(16,219)(5,399)(10,498)
Net income available to common stockholders, diluted:436,428717,670714,870637,639650,736679,074

Comprehensive Income ($ in thousands)

6/30/2020
Q1
3/31/2020
Q4
12/31/2019
Q3
9/30/2019
Q2
6/30/2019
Q1
3/31/2019
Q4
12/31/2018
Q3
Net income:458,504733,898724,318653,858656,135689,572
Other undisclosed comprehensive loss (195,848)   (131,496) 
Comprehensive income:262,656733,898724,318653,858524,639689,572
Comprehensive loss, net of tax, attributable to noncontrolling interest(22,076)(16,228)(9,448)(16,219)(5,399)(10,498)
Comprehensive income, net of tax, attributable to parent:240,580717,670714,870637,639519,240679,074

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.

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