Legg Mason, Inc. (LM) financial statements (2021 and earlier)

Company profile

Business Address 100 INTERNATIONAL DRIVE
BALTIMORE, MD 21202
State of Incorp. MD
Fiscal Year End March 31
SIC 6282 - Investment Advice (benchmarking)
More info Complete financial analysis Financial benchmarking

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

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 cost9998888
Total current assets:9998888
Noncurrent Assets
Finance lease, right-of-use asset1112  
Operating lease, right-of-use asset280290294307  
Property, plant and equipment126134139145148150150
Long-term investments and receivables29282728282828
Long-term investments29282728282828
Intangible assets, net (including goodwill), including:3,3565,2033,3783,3713,3835,2703,390
Intangible assets, net (excluding goodwill)3,3563,3563,3783,3713,3833,3873,390
Other undisclosed intangible assets, net (including goodwill) 1,848   1,884 
Capitalized contract cost, net12111010101010
Total noncurrent assets:3,8045,6693,8493,8633,5695,4593,578
TOTAL ASSETS:3,8135,6783,8583,8723,5785,4673,586
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt250   250250251
Total current liabilities:250   250250251
Noncurrent Liabilities
Long-term debt and lease obligation1,9731,9731,9721,9721,9721,9711,971
Long-term debt, excluding current maturities1,9731,9731,9721,9721,9721,9711,971
Liabilities, other than long-term debt33343233  
Liability, pension and other postretirement and postemployment benefits  302829  
Business combination, contingent consideration, liability33344  
Total noncurrent liabilities:1,9761,9762,0062,0042,0051,9711,971
Total liabilities:2,2261,9762,0062,0042,2552,2222,222
Temporary equity, carrying amount613714668683665692677
Stockholders' equity
TOTAL LIABILITIES AND EQUITY:2,8402,6902,6742,6872,9202,9142,899

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

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
Gross profit:666711754743705693704
Operating expenses(16)(147)(20)(19)(52)(16)(15)
Operating income:650565734724654677690
Interest and debt expense(0) (0)(0)   
Other undisclosed loss from continuing operations before equity method investments, income taxes (0)     
Income from continuing operations before income taxes:650565734724654677690
Other undisclosed loss from continuing operations (106)   (21) 
Net income:650459734724654656690
Net loss attributable to noncontrolling interest(6)(22)(16)(9)(16)(5)(10)
Net income available to common stockholders, diluted:644436718715638651679

Comprehensive Income ($ in millions)

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:650459734724654656690
Other undisclosed comprehensive loss (196)   (131) 
Comprehensive income:650263734724654525690
Comprehensive loss, net of tax, attributable to noncontrolling interest(6)(22)(16)(9)(16)(5)(10)
Comprehensive income, net of tax, attributable to parent:644241718715638519679

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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