Ladenburg Thalmann Financial Services Inc (LTS) financial statements (2020 and earlier)

Company profile

Business Address 4400 BISCAYNE BLVD.
MIAMI, FL 33137
State of Incorp. FL
Fiscal Year End December 31
SIC 6211 - Security Brokers, Dealers, and Flotation Companies (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2491831729911910350
Cash and cash equivalents2491831729911910350
Receivables(2)(2)(0)(0)(0)2631
Total current assets:2471811729911812982
Noncurrent Assets
Property, plant and equipment 302421222016
Intangible assets, net (including goodwill)186199228249264238167
Goodwill12612612412412611591
Intangible assets, net (excluding goodwill)607310412513812376
Regulated entity, other noncurrent assets973 011
Total noncurrent assets:195236255270286259184
Other undisclosed assets38832420517717112395
TOTAL ASSETS:830741632546574511361
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Deferred compensation liability27211817171819
Total current liabilities:27211817171819
Noncurrent Liabilities
Liabilities, other than long-term debt12      
Deferred income tax liabilities12
Total noncurrent liabilities:12      
Other undisclosed liabilities549467243166181157148
Total liabilities:588488262184198174167
Stockholders' equity
Stockholders' equity attributable to parent, including:241253370362376336193
Preferred stock0000000
Common stock0000000
Additional paid in capital310344520520511460351
Accumulated deficit(68)(91)(150)(157)(135)(124)(157)
Other undisclosed stockholders' equity attributable to parent     00
Stockholders' equity attributable to noncontrolling interest0000000
Other undisclosed stockholders' equity     (0)(0)
Total stockholders' equity:241253370363376336193
Other undisclosed liabilities and equity     00
TOTAL LIABILITIES AND EQUITY:830741632546574511361

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Brokerage commissions revenue 696
Financial services revenue1,0989761,02123
Gross profit:1,4691,3911,2681,1071,152921793
Operating expenses(1,439)(1,344)(1,267)(1,119)(1,164)(911)(791)
Other operating income, net
(Other Expenses)
     4345
Other undisclosed operating loss     (43)(45)
Operating income (loss):31471(12)(12)103
Interest and debt expense(23)2224(4)(16)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes22(2)(2)(2)(4)416
Income (loss) from continuing operations before income taxes:30471(12)(12)102
Income tax expense (benefit)(7)(13)7(10)023(3)
Net income (loss):23348(22)(11)33(1)
Net income (loss) attributable to noncontrolling interest0(0)00000
Net income (loss) attributable to parent:23348(22)(11)33(0)
Preferred stock dividends and other adjustments(35)(34)(32)(30)(28)(17)(7)
Net income (loss) available to common stockholders, diluted:(12)(0)(25)(53)(39)16(7)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):23348(22)(11)33(1)
Comprehensive income (loss):23348(22)(11)33(1)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(0)000(0)(0)
Comprehensive income (loss), net of tax, attributable to parent:23348(22)(11)33(1)

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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