Piper Sandler Companies (PIPR) Financial Statements (2024 and earlier)

Company Profile

Business Address 800 NICOLLET MALL, SUITE 900
MINNEAPOLIS, MN 55402
State of Incorp. DE
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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  970,965507,935250,018 33,793
Cash and cash equivalents  970,965507,935250,018 33,793
Total current assets:  970,965507,935250,018 33,793
Noncurrent Assets
Operating lease, right-of-use asset87,73071,34182,54340,030
Property, plant and equipment68,22051,76143,81229,85032,61925,179
Long-term investments and receivables11,32512,0587,7197,0706,42310,648
Long-term investments11,32512,0587,7197,0706,42310,648
Intangible assets, net (including goodwill)436,788347,286377,366104,33594,229104,689
Goodwill301,151227,508227,50887,64981,85581,855
Intangible assets, net (excluding goodwill)135,637119,778149,85816,68612,37422,834
Deferred income tax assets191,002158,200104,219 
Total noncurrent assets:795,065640,646615,659181,285133,271140,516
Other undisclosed assets1,386,492953,696873,5461,197,4161,211,9981,850,374
TOTAL ASSETS:2,181,5572,565,3071,997,1401,628,7191,345,2692,024,683
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt    49,97849,953289,937
Liability for uncertainty in income taxes  1,700    
Total current liabilities:  1,700 49,97849,953289,937
Noncurrent Liabilities
Other undisclosed liabilities927,5291,336,7521,071,058772,213564,900993,511
Total liabilities:927,5291,338,4521,071,058822,191614,8531,283,448
Equity
Equity, attributable to parent1,054,0731,062,210829,425731,283677,444693,332
Common stock195195195195195195
Treasury stock, value(441,653)(312,573)(289,359)(284,378)(300,268)(273,824)
Additional paid in capital1,044,719925,387847,785757,669796,363791,970
Accumulated other comprehensive loss(2,499)(964)(197)(872)(1,398)(1,279)
Retained earnings453,311450,165271,001258,669182,552176,270
Equity, attributable to noncontrolling interest199,955164,64596,65775,24552,97247,903
Total equity:1,254,0281,226,855926,082806,528730,416741,235
TOTAL LIABILITIES AND EQUITY:2,181,5572,565,3071,997,1401,628,7191,345,2692,024,683

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,435,1182,041,7951,252,658846,299800,993895,191
Investment banking revenue1,553,219858,476629,392588,978633,837
Revenues, excluding interest and dividends1,009,509     
Gross profit:1,435,1182,041,7951,252,658846,299800,993895,191
Operating expenses(246,415)(214,411)(213,876)(147,003)(155,150)(888,222)
Operating income:1,188,7031,827,3841,038,782699,296645,8436,969
Income from continuing operations before equity method investments, income taxes:1,188,7031,827,3841,038,782699,296645,8436,969
Other undisclosed loss from continuing operations before income taxes(1,054,334)(1,385,872)(970,234)(580,317)(570,966)(36,292)
Income (loss) from continuing operations before income taxes:134,369441,51268,548118,97974,877(29,323)
Income tax expense(33,189)(111,144)(19,192) (19,047)(30,229)
Income (loss) from continuing operations:101,180330,36849,356118,97955,830(59,552)
Income (loss) before gain (loss) on sale of properties:330,36849,356118,97955,830(59,552)
Other undisclosed net loss    (805)  
Net income (loss):101,180330,36849,356118,17455,830(59,552)
Net income (loss) attributable to noncontrolling interest9,494(51,854)(8,852)(6,463)1,206(2,387)
Net income (loss) available to common stockholders, basic:110,674278,51440,504111,71157,036(61,939)
Other undisclosed net loss available to common stockholders, diluted    (4,511)(7,043)(2,936)
Net income (loss) available to common stockholders, diluted:110,674278,51440,504107,20049,993(64,875)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):101,180330,36849,356118,17455,830(59,552)
Other comprehensive income (loss)(1,535)(767)675526(119)1,320
Other undisclosed comprehensive income      
Comprehensive income (loss):99,645329,60150,031118,70055,711(58,232)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest9,494(51,854)(8,852)(6,463)1,206(2,387)
Comprehensive income (loss), net of tax, attributable to parent:109,139277,74741,179112,23756,917(60,619)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: