Legg Mason, Inc. (LM) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in millions)

6/30/2020
MRQ
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments    438429400
Cash and cash equivalents    438375400
Short-term investments     54 
Capitalized contract cost 98
Total current assets: 98 438429400
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 1
Operating lease, right-of-use asset 290
Property, plant and equipment 134150148160163180
Long-term investments and receivables 2828    
Long-term investments 2828    
Intangible assets, net (including goodwill), including: 5,2035,2705,7305,9594,6264,653
Intangible assets, net (excluding goodwill) 3,3563,3873,7984,0343,1463,292
Other undisclosed intangible assets, net (including goodwill) 1,8481,8841,9321,9251,4801,361
Capitalized contract cost, net 1110
Deferred costs   45710
Total noncurrent assets: 5,6695,4595,8826,1244,7964,843
TOTAL ASSETS: 5,6785,4675,8826,5625,2255,243
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  250    
Business combination, contingent consideration, liability     26 
Total current liabilities:  250  26 
Noncurrent Liabilities
Long-term debt and lease obligation 1,9731,971    
Long-term debt, excluding current maturities 1,9731,971    
Liabilities, other than long-term debt 3   58 
Business combination, contingent consideration, liability 3   58 
Total noncurrent liabilities: 1,9761,971  58 
Total liabilities: 1,9762,222  85 
Temporary equity, carrying amount 714692732678176 
Equity
Equity, attributable to parent      (61)
Accumulated other comprehensive loss      (61)
Equity, attributable to noncontrolling interest     22 
Total equity:     22(61)
TOTAL LIABILITIES AND EQUITY: 2,6902,914732678283(61)

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

6/30/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Revenues 2,9222,9033,1402,8872,6612,819
Gross profit: 2,9222,9033,1402,8872,6612,819
Operating expenses (130)1(1,620)(1,493)(208)(183)
Operating income: 2,7922,9041,5201,3942,4532,636
Nonoperating income (expense)
(Investment Income, Nonoperating)
   733(35) 
Interest and debt expense (0)     
Income from continuing operations before income taxes: 2,7922,9041,5271,4272,4182,636
Income tax expense (benefit) (106)(21)1033(4)1
Income from continuing operations: 2,6862,8841,6301,4302,4142,638
Income before gain (loss) on sale of properties: 2,6862,8841,6301,4302,4142,638
Net income: 2,6862,8841,6301,4302,4142,638
Net income (loss) attributable to noncontrolling interest (53)(36)(51)(59)8 
Net income available to common stockholders, diluted: 2,6332,8471,5791,3702,4222,638

Comprehensive Income ($ in millions)

6/30/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Net income: 2,6862,8841,6301,4302,4142,638
Other comprehensive loss (196)(131)(56)(73)(53) 
Comprehensive income: 2,4902,7521,5741,3562,3612,638
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (53)(36)(51)(59)8 
Comprehensive income, net of tax, attributable to parent: 2,4372,7161,5231,2972,3692,638

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.

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