Waddell & Reed Financial, Inc. (WDR) financial statements (2021 and earlier)

Company profile

Business Address 6300 LAMAR AVE
OVERLAND PARK, KS 66202-4200
State of Incorp. DE
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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments761840849908884850810
Cash and cash equivalents274152232208555558567
Short-term investments487688617700329292243
Receivables    1118
Other undisclosed current assets183201256211207357355
Total current assets:9441,0411,1051,1191,0921,2181,173
Noncurrent Assets
Finance lease, right-of-use asset0 
Operating lease, right-of-use asset13 
Property, plant and equipment 35638810210592
Intangible assets, net (including goodwill)146146146147149158158
Goodwill107107107107107107107
Intangible assets, net (excluding goodwill)39393940425151
Deferred costs    42456
Deferred income tax assets1914
Other noncurrent assets23301717281712
Deferred tax assets, net12133133 
Other undisclosed noncurrent assets8     20
Total noncurrent assets:210225239266314338339
TOTAL ASSETS:1,1541,2661,3441,3841,4061,5561,512
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:18202639283332
Employee-related liabilities   0   
Interest and dividends payable16171921383836
Other undisclosed accounts payable and accrued liabilities33718(10)(5)(4)
Debt9511 95   
Other liabilities52715245625755
Other undisclosed current liabilities231207260183207353376
Total current liabilities:397309338362297443463
Noncurrent Liabilities
Long-term debt and lease obligation 959595190190190
Long-term debt, excluding current maturities 959595190190190
Liabilities, other than long-term debt30341640657673
Liability, pension and other postretirement and postemployment benefits03115384946
Other liabilities29311525272727
Total noncurrent liabilities:30129111135255266263
Total liabilities:426438449497552709726
Temporary equity, carrying amount 19111511  
Stockholders' equity
Stockholders' equity attributable to parent728809883873844846786
Common stock1111111
Treasury stock, value(828)(750)(628)(522)(531)(566)(525)
Additional paid in capital304313311301292332319
Accumulated other comprehensive income (loss)3301(53)(62)(50)
Retained earnings1,2481,2421,1981,0921,1361,1421,042
Total stockholders' equity:728809883873844846786
TOTAL LIABILITIES AND EQUITY:1,1541,2661,3441,3841,4061,5561,512

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenue, net   1,199
Revenue from related parties604645730
Financial services revenue519562664679
Gross profit:1,0491,0701,1601,1571,2391,5171,598
Operating expenses(955)(925)(938)(916)(1,003)(1,101)(1,113)
Operating income:95146222241236416484
Nonoperating income (expense)14192316(1)(5)17
Investment income, nonoperating   04(12)12
Interest and debt expense(6)(6)(6)(11)(11)(11)(11)
Income from continuing operations before income taxes:103158238246225400490
Income tax expense(30)(41)(55)(101)(76)(154)(177)
Net income:73117183144148246313
Net income (loss) attributable to noncontrolling interest(2)(2)1(3)(1)  
Net income available to common stockholders, diluted:70115184141147246313

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:73117183144148246313
Other comprehensive income (loss)00(0)05(4)(35)
Other undisclosed comprehensive income (loss)(1)3173  
Comprehensive income:72120183151156242279
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)(2)1(3)(1)  
Other undisclosed comprehensive loss, net of tax, attributable to parent     (7) 
Comprehensive income, net of tax, attributable to parent:70118184149155234279

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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