LPL Financial Holdings Inc. (LPLA) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
4707 EXECUTIVE DRIVE SAN DIEGO, CA 92121 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 3/31/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 900 | 544 | 809 | 590 | 511 | 829 | |||
| Cash and cash equivalents | 848 | 495 | 809 | 590 | 511 | 811 | |||
| Short-term investments | 53 | 49 | 18 | ||||||
| Receivables | 678 | 581 | 307 | 299 | 249 | 229 | |||
| Total current assets: | 1,578 | 1,126 | 1,115 | 889 | 760 | 1,058 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 92 | 97 | ✕ | ✕ | |||||
| Operating lease, right-of-use asset | 93 | 95 | 102 | 102 | ✕ | ✕ | |||
| Property, plant and equipment | 780 | 659 | 583 | 533 | 461 | 413 | |||
| Intangible assets, net (including goodwill) | 2,070 | 2,097 | 1,911 | 1,943 | 1,974 | 1,842 | |||
| Goodwill | 1,642 | 1,642 | 1,514 | 1,504 | 1,490 | 1,428 | |||
| Intangible assets, net (excluding goodwill) | 428 | 455 | 397 | 440 | 484 | 414 | |||
| Regulated entity, other noncurrent assets | 6 | 7 | |||||||
| Deferred income tax assets | 99 | 6 | 24 | ✕ | ✕ | ||||
| Total noncurrent assets: | 3,141 | 2,961 | 2,620 | 2,579 | 2,436 | 2,255 | |||
| Other undisclosed assets | 4,763 | 3,904 | 2,788 | 2,412 | 2,282 | 2,046 | |||
| TOTAL ASSETS: | 9,482 | 7,992 | 6,524 | 5,880 | 5,477 | 5,359 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Deferred revenue | 95 | 83 | ✕ | ✕ | |||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 72 | ||
| Total current liabilities: | 95 | 83 | 72 | ||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 2 | ||||||||
| Deferred income tax liabilities | 2 | ✕ | ✕ | ||||||
| Total noncurrent liabilities: | 2 | ||||||||
| Other undisclosed liabilities | 7,315 | 6,321 | 5,113 | 4,771 | 4,503 | 4,322 | |||
| Total liabilities: | 7,315 | 6,321 | 5,209 | 4,856 | 4,503 | 4,394 | |||
| Equity | |||||||||
| Equity, attributable to parent | 2,168 | 1,671 | 1,315 | 1,024 | 974 | 965 | |||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Treasury stock, value | (2,847) | (2,499) | (2,391) | (2,235) | (1,731) | (1,310) | |||
| Additional paid in capital | 1,913 | 1,841 | 1,763 | 1,704 | 1,634 | 1,556 | |||
| Retained earnings | 3,101 | 2,328 | 1,943 | 1,555 | 1,070 | 718 | |||
| Total equity: | 2,168 | 1,671 | 1,315 | 1,024 | 974 | 965 | |||
| TOTAL LIABILITIES AND EQUITY: | 9,482 | 7,992 | 6,524 | 5,880 | 5,477 | 5,359 | |||
Income Statement (P&L) ($ in millions)
| 3/31/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 8,601 | 7,721 | 5,872 | 5,625 | 5,188 | 4,281 | ||
| Brokerage commissions revenue | 2,326 | 2,379 | 1,907 | 1,892 | 1,920 | ✕ | ||
| Financial services revenue | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 3,080 | |
| Cost of revenue | (6,843) | (6,563) | ||||||
| Gross profit: | 1,758 | 1,158 | 5,872 | 5,625 | 5,188 | 4,281 | ||
| Operating expenses | (646) | (557) | (5,140) | (4,750) | (4,471) | (3,787) | ||
| Other operating expense, net (Other Expenses) | (144) | (132) | ||||||
| Operating income: | 968 | 470 | 732 | 875 | 718 | 494 | ||
| Interest and debt expense | (126) | (129) | (106) | (146) | (129) | (134) | ||
| Income from continuing operations before equity method investments, income taxes: | 841 | 341 | 626 | 729 | 589 | 360 | ||
| Other undisclosed income from continuing operations before income taxes | 270 | 260 | 13 | 4 | 4 | |||
| Income from continuing operations before income taxes: | 1,112 | 601 | 626 | 742 | 593 | 365 | ||
| Income tax expense | (266) | (141) | (153) | (182) | (153) | (126) | ||
| Income from continuing operations: | 846 | 460 | 473 | 560 | 439 | 239 | ||
| Income before gain (loss) on sale of properties: | ✕ | 460 | 473 | 560 | 439 | 239 | ||
| Net income available to common stockholders, diluted: | 846 | 460 | 473 | 560 | 439 | 239 | ||
Comprehensive Income ($ in millions)
| 3/31/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 846 | 460 | 473 | 560 | 439 | 239 | ||
| Other comprehensive loss | (0) | |||||||
| Comprehensive income: | 846 | 460 | 473 | 560 | 439 | 239 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (0) | |||||||
| Comprehensive income, net of tax, attributable to parent: | 846 | 460 | 473 | 560 | 439 | 239 | ||
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.