Waddell & Reed Financial, Inc. (WDR) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
6300 LAMAR AVE OVERLAND PARK, KS 66202-4200 |
| 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 millions)
| 3/31/2021 MRQ | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 761 | 840 | 849 | 908 | 884 | 850 | |||
| Cash and cash equivalent | 274 | 152 | 232 | 208 | 555 | 558 | |||
| Short-term investments | 487 | 688 | 617 | 700 | 329 | 292 | |||
| Receivables | 1 | 11 | |||||||
| Other undisclosed current assets | 183 | 201 | 256 | 211 | 207 | 357 | |||
| Total current assets: | 944 | 1,041 | 1,105 | 1,119 | 1,092 | 1,218 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 0 | ✕ | ✕ | ✕ | ✕ | ||||
| Operating lease, right-of-use asset | 13 | ✕ | ✕ | ✕ | ✕ | ||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 35 | 63 | 88 | 102 | 105 | ||||
| Intangible asset, including goodwill, after accumulated amortization | 146 | 146 | 146 | 147 | 149 | 158 | |||
| Goodwill | 107 | 107 | 107 | 107 | 107 | 107 | |||
| Intangible asset, excluding goodwill, after accumulated amortization | 39 | 39 | 39 | 40 | 42 | 51 | |||
| Deferred costs | 4 | 24 | |||||||
| Deferred income tax assets | 19 | 14 | ✕ | ✕ | ✕ | ✕ | |||
| Other noncurrent assets | 23 | 30 | 17 | 17 | 28 | 17 | |||
| Deferred tax assets, net | ✕ | ✕ | ✕ | 12 | 13 | 31 | 33 | ||
| Other undisclosed noncurrent assets | 8 | ||||||||
| Total noncurrent assets: | 210 | 225 | 239 | 266 | 314 | 338 | |||
| TOTAL ASSETS: | 1,154 | 1,266 | 1,344 | 1,384 | 1,406 | 1,556 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 18 | 20 | 26 | 39 | 28 | 33 | |||
| Interest and dividends payable | 16 | 17 | 19 | 21 | 38 | 38 | |||
| Employee-related liabilities | 0 | ||||||||
| Other undisclosed accounts payable and accrued liabilities | 3 | 3 | 7 | 18 | (10) | (5) | |||
| Debt | 95 | 11 | 95 | ||||||
| Other liabilities | 52 | 71 | 52 | 45 | 62 | 57 | |||
| Other undisclosed current liabilities | 231 | 207 | 260 | 183 | 207 | 353 | |||
| Total current liabilities: | 397 | 309 | 338 | 362 | 297 | 443 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 95 | 95 | 95 | 190 | 190 | ||||
| Long-term debt, excluding current maturities | 95 | 95 | 95 | 190 | 190 | ||||
| Liabilities, other than long-term debt | 30 | 34 | 16 | 40 | 65 | 76 | |||
| Liability, pension and other postretirement and postemployment benefits | 0 | 3 | 1 | 15 | 38 | 49 | |||
| Other liabilities | 29 | 31 | 15 | 25 | 27 | 27 | |||
| Total noncurrent liabilities: | 30 | 129 | 111 | 135 | 255 | 266 | |||
| Total liabilities: | 426 | 438 | 449 | 497 | 552 | 709 | |||
| Temporary equity, including noncontrolling interest | 19 | 11 | 15 | 11 | |||||
| Equity | |||||||||
| Equity, attributable to parent | 728 | 809 | 883 | 873 | 844 | 846 | |||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | |||
| Treasury stock, value | (828) | (750) | (628) | (522) | (531) | (566) | |||
| Additional paid in capital | 304 | 313 | 311 | 301 | 292 | 332 | |||
| Accumulated other comprehensive income (loss) | 3 | 3 | 0 | 1 | (53) | (62) | |||
| Retained earnings | 1,248 | 1,242 | 1,198 | 1,092 | 1,136 | 1,142 | |||
| Total equity: | 728 | 809 | 883 | 873 | 844 | 846 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,154 | 1,266 | 1,344 | 1,384 | 1,406 | 1,556 | |||
Income Statement (P&L) ($ in millions)
| 3/31/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,049 | 1,070 | 1,160 | 1,157 | 1,239 | 1,517 | ||
| Revenue from related parties | 604 | 645 | 730 | ✕ | ✕ | ✕ | ||
| Financial services revenue | ✕ | ✕ | ✕ | ✕ | 519 | 562 | 664 | |
| Gross profit: | 1,049 | 1,070 | 1,160 | 1,157 | 1,239 | 1,517 | ||
| Operating expenses | (955) | (925) | (938) | (916) | (1,003) | (1,101) | ||
| Operating income: | 95 | 146 | 222 | 241 | 236 | 416 | ||
| Nonoperating income (expense) | 14 | 19 | 23 | 16 | (1) | (5) | ||
| Investment income, nonoperating | 0 | 4 | (12) | |||||
| Interest and debt expense | (6) | (6) | (6) | (11) | (11) | (11) | ||
| Income from continuing operations before income taxes: | 103 | 158 | 238 | 246 | 225 | 400 | ||
| Income tax expense | (30) | (41) | (55) | (101) | (76) | (154) | ||
| Income from continuing operations: | 73 | 117 | 183 | 144 | 148 | 246 | ||
| Income before gain (loss) on sale of properties: | ✕ | 73 | 117 | 183 | 144 | 148 | 246 | |
| Net income: | 73 | 117 | 183 | 144 | 148 | 246 | ||
| Net income (loss) attributable to noncontrolling interest | (2) | (2) | 1 | (3) | (1) | |||
| Net income available to common stockholders, diluted: | 70 | 115 | 184 | 141 | 147 | 246 | ||
Comprehensive Income ($ in millions)
| 3/31/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 73 | 117 | 183 | 144 | 148 | 246 | ||
| Other comprehensive income (loss) | 0 | 0 | (0) | 0 | 5 | (4) | ||
| Other undisclosed comprehensive income (loss) | (1) | 3 | 1 | 7 | 3 | |||
| Comprehensive income: | 72 | 120 | 183 | 151 | 156 | 242 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (2) | (2) | 1 | (3) | (1) | |||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (7) | |||||||
| Comprehensive income, net of tax, attributable to parent: | 70 | 118 | 184 | 149 | 155 | 234 | ||
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.