Focus Financial Partners Inc. (FOCS) financial statements (2020 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)

12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6533
Cash and cash equivalents6533
Total current assets:6533
Noncurrent Assets
Operating lease, right-of-use asset180
Property, plant and equipment4225
Intangible assets, net (including goodwill)2,0941,623
Goodwill1,090860
Intangible assets, net (excluding goodwill)1,003762
Regulated entity, other noncurrent assets5 
Deferred income tax assets75
Total noncurrent assets:2,3961,647
Other undisclosed assets192257
TOTAL ASSETS:2,6541,938
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,8501,125
Total liabilities:1,8501,125
Stockholders' equity
Stockholders' equity attributable to parent, including:484470
Additional paid in capital498471
Accumulated other comprehensive loss(1)(2)
Accumulated deficit(13)(1)
Other undisclosed stockholders' equity attributable to parent11
Stockholders' equity attributable to noncontrolling interest320343
Total stockholders' equity:804813
TOTAL LIABILITIES AND EQUITY:2,6541,938

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

12/31/2019
12/31/2018
Revenues1,218911
Cost of revenue(765)(606)
Gross profit:454305
Operating expenses(386)(261)
Operating income:6844
Nonoperating income (expense)0(76)
Investment income, nonoperating17
Other nonoperating expense(1)(2)
Interest and debt expense(58)(21)
Income (loss) from continuing operations before equity method investments, income taxes:9(53)
Income from equity method investments1 
Other undisclosed income (loss) from continuing operations before income taxes(15)21
Loss from continuing operations before income taxes:(5)(32)
Income tax expense(7)(9)
Net loss:(12)(41)
Net income (loss) attributable to noncontrolling interest(1)40
Net loss available to common stockholders, diluted:(13)(1)

Comprehensive Income ($ in millions)

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