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 investments | 761 | 840 | 849 | 908 | 884 | 850 | 810 | ||
| Cash and cash equivalents | 274 | 152 | 232 | 208 | 555 | 558 | 567 | ||
| Short-term investments | 487 | 688 | 617 | 700 | 329 | 292 | 243 | ||
| Receivables | 1 | 11 | 8 | ||||||
| Other undisclosed current assets | 183 | 201 | 256 | 211 | 207 | 357 | 355 | ||
| Total current assets: | 944 | 1,041 | 1,105 | 1,119 | 1,092 | 1,218 | 1,173 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 0 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Operating lease, right-of-use asset | 13 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 35 | 63 | 88 | 102 | 105 | 92 | |||
| Intangible assets, net (including goodwill) | 146 | 146 | 146 | 147 | 149 | 158 | 158 | ||
| Goodwill | 107 | 107 | 107 | 107 | 107 | 107 | 107 | ||
| Intangible assets, net (excluding goodwill) | 39 | 39 | 39 | 40 | 42 | 51 | 51 | ||
| Deferred costs | 4 | 24 | 56 | ||||||
| Deferred income tax assets | 19 | 14 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 23 | 30 | 17 | 17 | 28 | 17 | 12 | ||
| Deferred tax assets, net | ✕ | ✕ | 12 | 13 | 31 | 33 | |||
| Other undisclosed noncurrent assets | 8 | 20 | |||||||
| Total noncurrent assets: | 210 | 225 | 239 | 266 | 314 | 338 | 339 | ||
| TOTAL ASSETS: | 1,154 | 1,266 | 1,344 | 1,384 | 1,406 | 1,556 | 1,512 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 18 | 20 | 26 | 39 | 28 | 33 | 32 | ||
| Employee-related liabilities | 0 | ||||||||
| Interest and dividends payable | 16 | 17 | 19 | 21 | 38 | 38 | 36 | ||
| Other undisclosed accounts payable and accrued liabilities | 3 | 3 | 7 | 18 | (10) | (5) | (4) | ||
| Debt | 95 | 11 | 95 | ||||||
| Other liabilities | 52 | 71 | 52 | 45 | 62 | 57 | 55 | ||
| Other undisclosed current liabilities | 231 | 207 | 260 | 183 | 207 | 353 | 376 | ||
| Total current liabilities: | 397 | 309 | 338 | 362 | 297 | 443 | 463 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 95 | 95 | 95 | 190 | 190 | 190 | |||
| Long-term debt, excluding current maturities | 95 | 95 | 95 | 190 | 190 | 190 | |||
| Liabilities, other than long-term debt | 30 | 34 | 16 | 40 | 65 | 76 | 73 | ||
| Liability, pension and other postretirement and postemployment benefits | 0 | 3 | 1 | 15 | 38 | 49 | 46 | ||
| Other liabilities | 29 | 31 | 15 | 25 | 27 | 27 | 27 | ||
| Total noncurrent liabilities: | 30 | 129 | 111 | 135 | 255 | 266 | 263 | ||
| Total liabilities: | 426 | 438 | 449 | 497 | 552 | 709 | 726 | ||
| Temporary equity, carrying amount | 19 | 11 | 15 | 11 | |||||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 728 | 809 | 883 | 873 | 844 | 846 | 786 | ||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Treasury stock, value | (828) | (750) | (628) | (522) | (531) | (566) | (525) | ||
| Additional paid in capital | 304 | 313 | 311 | 301 | 292 | 332 | 319 | ||
| Accumulated other comprehensive income (loss) | 3 | 3 | 0 | 1 | (53) | (62) | (50) | ||
| Retained earnings | 1,248 | 1,242 | 1,198 | 1,092 | 1,136 | 1,142 | 1,042 | ||
| Total stockholders' equity: | 728 | 809 | 883 | 873 | 844 | 846 | 786 | ||
| TOTAL LIABILITIES AND EQUITY: | 1,154 | 1,266 | 1,344 | 1,384 | 1,406 | 1,556 | 1,512 | ||
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 parties | 604 | 645 | 730 | ✕ | ✕ | ✕ | ✕ | |
| Financial services revenue | ✕ | ✕ | ✕ | 519 | 562 | 664 | 679 | |
| Gross profit: | 1,049 | 1,070 | 1,160 | 1,157 | 1,239 | 1,517 | 1,598 | |
| Operating expenses | (955) | (925) | (938) | (916) | (1,003) | (1,101) | (1,113) | |
| Operating income: | 95 | 146 | 222 | 241 | 236 | 416 | 484 | |
| Nonoperating income (expense) | 14 | 19 | 23 | 16 | (1) | (5) | 17 | |
| Investment income, nonoperating | 0 | 4 | (12) | 12 | ||||
| Interest and debt expense | (6) | (6) | (6) | (11) | (11) | (11) | (11) | |
| Income from continuing operations before income taxes: | 103 | 158 | 238 | 246 | 225 | 400 | 490 | |
| Income tax expense | (30) | (41) | (55) | (101) | (76) | (154) | (177) | |
| Net income: | 73 | 117 | 183 | 144 | 148 | 246 | 313 | |
| Net income (loss) attributable to noncontrolling interest | (2) | (2) | 1 | (3) | (1) | |||
| Net income available to common stockholders, diluted: | 70 | 115 | 184 | 141 | 147 | 246 | 313 | |
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: | 73 | 117 | 183 | 144 | 148 | 246 | 313 | |
| Other comprehensive income (loss) | 0 | 0 | (0) | 0 | 5 | (4) | (35) | |
| Other undisclosed comprehensive income (loss) | (1) | 3 | 1 | 7 | 3 | |||
| Comprehensive income: | 72 | 120 | 183 | 151 | 156 | 242 | 279 | |
| 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: | 70 | 118 | 184 | 149 | 155 | 234 | 279 | |
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.