Focus Financial Partners Inc. (FOCS) financial statements (2021 and earlier)

Company profile

Business Address 875 THIRD AVENUE
NEW YORK, NY 10022
State of Incorp. DE
Fiscal Year End December 31
SIC 6282 - Investment Advice (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments666533
Cash and cash equivalents666533
Total current assets:666533
Noncurrent Assets
Operating lease, right-of-use asset230180
Property, plant and equipment494225
Intangible assets, net (including goodwill)2,3692,0941,623
Goodwill1,2561,090860
Intangible assets, net (excluding goodwill)1,1131,003762
Regulated entity, other noncurrent assets15 
Deferred income tax assets10775
Total noncurrent assets:2,7562,3961,647
Other undisclosed assets241192257
TOTAL ASSETS:3,0632,6541,938
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities2,2041,8501,125
Total liabilities:2,2041,8501,125
Stockholders' equity
Stockholders' equity attributable to parent, including:540484470
Additional paid in capital527498471
Accumulated other comprehensive loss(2)(1)(2)
Retained earnings (accumulated deficit)15(13)(1)
Other undisclosed stockholders' equity attributable to parent111
Stockholders' equity attributable to noncontrolling interest319320343
Total stockholders' equity:859804813
TOTAL LIABILITIES AND EQUITY:3,0632,6541,938

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

12/31/2020
12/31/2019
12/31/2018
Revenues1,3611,218911
Cost of revenue(845)(765)(606)
Gross profit:516454305
Operating expenses(397)(386)(261)
Operating income:1206844
Nonoperating income (expense)00(76)
Investment income, nonoperating017
Other nonoperating expense(0)(1)(2)
Interest and debt expense(48)(58)(21)
Income (loss) from continuing operations before equity method investments, income taxes:729(53)
Income from equity method investments01 
Other undisclosed income (loss) from continuing operations before income taxes(3)(15)21
Income (loss) from continuing operations before income taxes:70(5)(32)
Income tax expense(21)(7)(9)
Net income (loss):49(12)(41)
Net income (loss) attributable to noncontrolling interest(21)(1)40
Net income (loss) available to common stockholders, diluted:28(13)(1)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
Net income (loss):49(12)(41)
Other undisclosed comprehensive income (loss)(1)1(5)
Comprehensive income (loss):48(11)(46)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(21)(1)43
Comprehensive income (loss), net of tax, attributable to parent:27(12)(2)

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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