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)
| 3/31/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 970,965 | 507,935 | 250,018 | ||||||
| Cash and cash equivalents | 970,965 | 507,935 | 250,018 | ||||||
| Total current assets: | 970,965 | 507,935 | 250,018 | ||||||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 69,387 | 87,730 | 71,341 | 82,543 | 40,030 | ✕ | |||
| Property, plant and equipment | 60,770 | 68,220 | 51,761 | 43,812 | 29,850 | 32,619 | |||
| Long-term investments and receivables | 11,886 | 11,325 | 12,058 | 7,719 | 7,070 | 6,423 | |||
| Long-term investments | 11,886 | 11,325 | 12,058 | 7,719 | 7,070 | 6,423 | |||
| Intangible assets, net (including goodwill) | 417,957 | 436,788 | 347,286 | 377,366 | 104,335 | 94,229 | |||
| Goodwill | 301,760 | 301,151 | 227,508 | 227,508 | 87,649 | 81,855 | |||
| Intangible assets, net (excluding goodwill) | 116,197 | 135,637 | 119,778 | 149,858 | 16,686 | 12,374 | |||
| Deferred income tax assets | 179,207 | 191,002 | 158,200 | 104,219 | ✕ | ||||
| Total noncurrent assets: | 739,207 | 795,065 | 640,646 | 615,659 | 181,285 | 133,271 | |||
| Other undisclosed assets | 1,401,776 | 1,386,492 | 953,696 | 873,546 | 1,197,416 | 1,211,998 | |||
| TOTAL ASSETS: | 2,140,983 | 2,181,557 | 2,565,307 | 1,997,140 | 1,628,719 | 1,345,269 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 30,000 | 49,978 | 49,953 | ||||||
| Liability for uncertainty in income taxes | 1,700 | ||||||||
| Total current liabilities: | 30,000 | 1,700 | 49,978 | 49,953 | |||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 811,510 | 927,529 | 1,336,752 | 1,071,058 | 772,213 | 564,900 | |||
| Total liabilities: | 841,510 | 927,529 | 1,338,452 | 1,071,058 | 822,191 | 614,853 | |||
| Equity | |||||||||
| Equity, attributable to parent | 1,085,498 | 1,054,073 | 1,062,210 | 829,425 | 731,283 | 677,444 | |||
| Common stock | 195 | 195 | 195 | 195 | 195 | 195 | |||
| Treasury stock, value | (356,297) | (441,653) | (312,573) | (289,359) | (284,378) | (300,268) | |||
| Additional paid in capital | 988,136 | 1,044,719 | 925,387 | 847,785 | 757,669 | 796,363 | |||
| Accumulated other comprehensive loss | (894) | (2,499) | (964) | (197) | (872) | (1,398) | |||
| Retained earnings | 454,358 | 453,311 | 450,165 | 271,001 | 258,669 | 182,552 | |||
| Equity, attributable to noncontrolling interest | 213,975 | 199,955 | 164,645 | 96,657 | 75,245 | 52,972 | |||
| Total equity: | 1,299,473 | 1,254,028 | 1,226,855 | 926,082 | 806,528 | 730,416 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,140,983 | 2,181,557 | 2,565,307 | 1,997,140 | 1,628,719 | 1,345,269 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,358,113 | 1,435,118 | 2,041,795 | 1,252,658 | 846,299 | 800,993 | ||
| Investment banking revenue | ✕ | ✕ | ✕ | 1,553,219 | 858,476 | 629,392 | 588,978 | |
| Revenues, excluding interest and dividends | 923,812 | 1,009,509 | ||||||
| Gross profit: | 1,358,113 | 1,435,118 | 2,041,795 | 1,252,658 | 846,299 | 800,993 | ||
| Operating expenses | (245,974) | (246,415) | (214,411) | (213,876) | (147,003) | (155,150) | ||
| Operating income: | 1,112,139 | 1,188,703 | 1,827,384 | 1,038,782 | 699,296 | 645,843 | ||
| Income from continuing operations before equity method investments, income taxes: | 1,112,139 | 1,188,703 | 1,827,384 | 1,038,782 | 699,296 | 645,843 | ||
| Other undisclosed loss from continuing operations before income taxes | (989,553) | (1,054,334) | (1,385,872) | (970,234) | (580,317) | (570,966) | ||
| Income from continuing operations before income taxes: | 122,586 | 134,369 | 441,512 | 68,548 | 118,979 | 74,877 | ||
| Income tax expense | (23,613) | (33,189) | (111,144) | (19,192) | (19,047) | |||
| Income from continuing operations: | 98,973 | 101,180 | 330,368 | 49,356 | 118,979 | 55,830 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 330,368 | 49,356 | 118,979 | 55,830 | |
| Other undisclosed net loss | (805) | |||||||
| Net income: | 98,973 | 101,180 | 330,368 | 49,356 | 118,174 | 55,830 | ||
| Net income (loss) attributable to noncontrolling interest | (13,482) | 9,494 | (51,854) | (8,852) | (6,463) | 1,206 | ||
| Net income available to common stockholders, basic: | 85,491 | 110,674 | 278,514 | 40,504 | 111,711 | 57,036 | ||
| Other undisclosed net loss available to common stockholders, diluted | (4,511) | (7,043) | ||||||
| Net income available to common stockholders, diluted: | 85,491 | 110,674 | 278,514 | 40,504 | 107,200 | 49,993 | ||
Comprehensive Income ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 98,973 | 101,180 | 330,368 | 49,356 | 118,174 | 55,830 | ||
| Other comprehensive income (loss) | 1,605 | (1,535) | (767) | 675 | 526 | (119) | ||
| Other undisclosed comprehensive income | ||||||||
| Comprehensive income: | 100,578 | 99,645 | 329,601 | 50,031 | 118,700 | 55,711 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (13,482) | 9,494 | (51,854) | (8,852) | (6,463) | 1,206 | ||
| Comprehensive income, net of tax, attributable to parent: | 87,096 | 109,139 | 277,747 | 41,179 | 112,237 | 56,917 | ||
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.