Ladenburg Thalmann Financial Services Inc (LTSF) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
4400 BISCAYNE BLVD. MIAMI, FL 33137 |
| State of Incorp. | FL |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6211 - Security Brokers, Dealers, and Flotation Companies (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 182,693 | 172,103 | 98,930 | 118,677 | 103,087 | 50,329 | |||
| Cash and cash equivalents | 182,693 | 172,103 | 98,930 | 118,677 | 103,087 | 50,329 | |||
| Receivables | (1,528) | (416) | (371) | (461) | 25,937 | 31,332 | |||
| Total current assets: | 181,165 | 171,687 | 98,559 | 118,216 | 129,024 | 81,661 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 29,994 | 23,621 | 21,253 | 21,753 | 19,820 | 15,866 | |||
| Intangible assets, net (including goodwill) | 199,143 | 227,821 | 248,969 | 263,503 | 238,238 | 166,752 | |||
| Goodwill | 126,079 | 124,210 | 124,031 | 125,572 | 115,238 | 90,501 | |||
| Intangible assets, net (excluding goodwill) | 73,064 | 103,611 | 124,938 | 137,931 | 123,000 | 76,251 | |||
| Regulated entity, other noncurrent assets | 7,086 | 3,412 | 253 | 644 | 1,069 | ||||
| Total noncurrent assets: | 236,223 | 254,854 | 270,222 | 285,509 | 258,702 | 183,687 | |||
| Other undisclosed assets | 323,516 | 205,484 | 177,222 | 170,633 | 123,032 | 95,472 | |||
| TOTAL ASSETS: | 740,904 | 632,025 | 546,003 | 574,358 | 510,758 | 360,820 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Deferred compensation liability | 20,622 | 18,161 | 17,247 | 17,211 | 17,640 | 19,056 | |||
| Total current liabilities: | 20,622 | 18,161 | 17,247 | 17,211 | 17,640 | 19,056 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | |||||||||
| Deferred income tax liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Total noncurrent liabilities: | |||||||||
| Other undisclosed liabilities | 467,105 | 243,473 | 166,255 | 181,116 | 156,647 | 148,351 | |||
| Total liabilities: | 487,727 | 261,634 | 183,502 | 198,327 | 174,287 | 167,407 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 253,126 | 370,379 | 362,474 | 376,002 | 336,471 | 193,413 | |||
| Preferred stock | 2 | 2 | 1 | 1 | 1 | 1 | |||
| Common stock | 14 | 20 | 19 | 19 | 18 | 18 | |||
| Additional paid in capital | 344,356 | 520,135 | 519,879 | 511,138 | 460,446 | 350,780 | |||
| Accumulated deficit | (91,246) | (149,778) | (157,425) | (135,156) | (124,005) | (157,438) | |||
| Other undisclosed equity, attributable to parent | 11 | 52 | |||||||
| Equity, attributable to noncontrolling interest | 51 | 12 | 27 | 29 | 11 | 52 | |||
| Other undisclosed equity | (22) | (104) | |||||||
| Total equity: | 253,177 | 370,391 | 362,501 | 376,031 | 336,460 | 193,361 | |||
| Other undisclosed liabilities and equity | 11 | 52 | |||||||
| TOTAL LIABILITIES AND EQUITY: | 740,904 | 632,025 | 546,003 | 574,358 | 510,758 | 360,820 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,391,136 | 1,268,152 | 1,106,953 | 1,152,118 | 921,253 | 793,116 | ||
| Brokerage commissions revenue | 696,331 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Financial services revenue | ✕ | ✕ | 1,097,766 | 976,350 | 1,021,372 | 1,938 | 2,667 | |
| Gross profit: | 1,391,136 | 1,268,152 | 1,106,953 | 1,152,118 | 921,253 | 793,116 | ||
| Operating expenses | (1,343,733) | (1,266,991) | (1,119,023) | (1,163,868) | (911,259) | (790,591) | ||
| Other operating income, net (Other Expenses) | 43,011 | 45,333 | ||||||
| Other undisclosed operating loss | (43,011) | (45,333) | ||||||
| Operating income (loss): | 47,403 | 1,161 | (12,070) | (11,750) | 9,994 | 2,525 | ||
| Interest and debt expense | 2,143 | 2,143 | 2,143 | 3,928 | (3,609) | (16,056) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (2,381) | (2,124) | (2,359) | (3,873) | 3,621 | 15,935 | ||
| Income (loss) from continuing operations before income taxes: | 47,165 | 1,180 | (12,286) | (11,695) | 10,006 | 2,404 | ||
| Income tax expense (benefit) | (13,379) | 6,502 | (10,025) | 482 | 23,346 | (2,926) | ||
| Income (loss) from continuing operations: | 33,786 | 7,682 | (22,311) | (11,213) | 33,352 | (522) | ||
| Income (loss) before gain (loss) on sale of properties: | 33,786 | 7,682 | (22,311) | (11,213) | 33,352 | (522) | ||
| Net income (loss): | 33,786 | 7,682 | (22,311) | (11,213) | 33,352 | (522) | ||
| Net income (loss) attributable to noncontrolling interest | (28) | 15 | 42 | 62 | 81 | 68 | ||
| Net income (loss) attributable to parent: | 33,758 | 7,697 | (22,269) | (11,151) | 33,433 | (454) | ||
| Preferred stock dividends and other adjustments | (34,031) | (32,482) | (30,438) | (28,108) | (17,244) | (6,911) | ||
| Net income (loss) available to common stockholders, diluted: | (273) | (24,785) | (52,707) | (39,259) | 16,189 | (7,365) | ||
Comprehensive Income ($ in thousands)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 33,786 | 7,682 | (22,311) | (11,213) | 33,352 | (522) | ||
| Comprehensive income (loss): | 33,786 | 7,682 | (22,311) | (11,213) | 33,352 | (522) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (28) | 15 | 42 | 62 | (81) | (68) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 33,758 | 7,697 | (22,269) | (11,151) | 33,271 | (590) | ||
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.