Legg Mason, Inc. (LM) financial statements (2021 and earlier)

Company profile

Business Address 100 INTERNATIONAL DRIVE
BALTIMORE, MD 21202
State of Incorp. MD
Fiscal Year End March 31
SIC 6282 - Investment Advice (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments   438429400468
Cash and cash equivalents   438375400 
Short-term investments    54 468
Capitalized contract cost98
Total current assets:98 438429400468
Noncurrent Assets
Finance lease, right-of-use asset1
Operating lease, right-of-use asset294
Property, plant and equipment139150148160163180 
Long-term investments and receivables2728     
Long-term investments2728     
Intangible assets, net (including goodwill), including:3,3785,2705,7305,9594,6264,6533,162
Intangible assets, net (excluding goodwill)3,3783,3873,7984,0343,1463,2923,162
Other undisclosed intangible assets, net (including goodwill) 1,8841,9321,9251,4801,361
Capitalized contract cost, net1010
Deferred costs  457108
Total noncurrent assets:3,8495,4595,8826,1244,7964,8433,170
TOTAL ASSETS:3,8585,4675,8826,5625,2255,2433,638
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 250    0
Business combination, contingent consideration, liability    26 
Total current liabilities: 250  26 0
Noncurrent Liabilities
Long-term debt and lease obligation1,9721,971     
Long-term debt, excluding current maturities1,9721,971     
Liabilities, other than long-term debt34   58  
Liability, pension and other postretirement and postemployment benefits30     
Business combination, contingent consideration, liability3   58 
Total noncurrent liabilities:2,0061,971  58  
Total liabilities:2,0062,222  85 0
Temporary equity, carrying amount668692732678176  
Stockholders' equity
Stockholders' equity attributable to parent     (61) 
Accumulated other comprehensive loss     (61) 
Stockholders' equity attributable to noncontrolling interest    22  
Total stockholders' equity:    22(61) 
TOTAL LIABILITIES AND EQUITY:2,6742,914732678283(61)0

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

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Gross profit:2,8952,9033,1402,8872,6612,819 
Operating expenses(106)1(1,620)(1,493)(208)(183) 
Operating income:2,7892,9041,5201,3942,4532,636 
Nonoperating income (expense)
(Investment Income, Nonoperating)
  733(35)  
Interest and debt expense(0)      
Income from continuing operations before income taxes:2,7892,9041,5271,4272,4182,636 
Income tax expense (benefit) (21)1033(4)1 
Other undisclosed loss from continuing operations(21)      
Net income:2,7682,8841,6301,4302,4142,638 
Net income (loss) attributable to noncontrolling interest(47)(36)(51)(59)8  
Net income available to common stockholders, diluted:2,7212,8471,5791,3702,4222,638 

Comprehensive Income ($ in millions)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Net income:2,7682,8841,6301,4302,4142,638 
Other comprehensive loss (131)(56)(73)(53)  
Other undisclosed comprehensive loss(131)      
Comprehensive income:2,6372,7521,5741,3562,3612,638 
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(47)(36)(51)(59)8  
Comprehensive income, net of tax, attributable to parent:2,5892,7161,5231,2972,3692,638 

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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