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)

12/31/2019
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 investments840849908884850810689
Cash and cash equivalents152232208555558567488
Short-term investments688617700329292243201
Receivables   1118 
Income taxes receivable0
Other undisclosed current assets201256211207357355317
Total current assets:1,0411,1051,1191,0921,2181,1731,006
Noncurrent Assets
Property, plant and equipment3563881021059273
Long-term investments and receivables      0
Long-term investments      0
Intangible assets, net (including goodwill)146146147149158158162
Goodwill107107107107107107107
Intangible assets, net (excluding goodwill)39394042515155
Deferred costs   4245680
Deferred income tax assets14
Other noncurrent assets30171728171212
Deferred tax assets, net12133133  
Other undisclosed noncurrent assets     203
Total noncurrent assets:225239266314338339331
TOTAL ASSETS:1,2661,3441,3841,4061,5561,5121,337
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:20263928333219
Employee-related liabilities  0    
Interest and dividends payable171921383836 
Other undisclosed accounts payable and accrued liabilities3718(10)(5)(4)19
Debt11 95    
Other liabilities71524562575560
Other undisclosed current liabilities207260183207353376341
Total current liabilities:309338362297443463420
Noncurrent Liabilities
Long-term debt and lease obligation959595190190190190
Long-term debt, excluding current maturities959595190190190190
Liabilities, other than long-term debt34164065767340
Pension and other postretirement defined benefit plans, liabilities13
Liability, pension and other postretirement and postemployment benefits3115384946
Other liabilities31152527272727
Total noncurrent liabilities:129111135255266263230
Total liabilities:438449497552709726650
Temporary equity, carrying amount19111511   
Stockholders' equity
Stockholders' equity attributable to parent809883873844846786687
Common stock1111111
Treasury stock, value(750)(628)(522)(531)(566)(525)(416)
Additional paid in capital313311301292332319267
Accumulated other comprehensive income (loss)301(53)(62)(50)(16)
Retained earnings1,2421,1981,0921,1361,1421,042851
Total stockholders' equity:809883873844846786687
TOTAL LIABILITIES AND EQUITY:1,2661,3441,3841,4061,5561,5121,337

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
Revenue, net   1,1991,039
Revenue from related parties645730
Financial services revenue519562664679583
Gross profit:1,0701,1601,1571,2391,5171,5981,370
Operating expenses(925)(938)(916)(1,003)(1,101)(1,113)(986)
Operating income:146222241236416484385
Nonoperating income (expense)192316(1)(5)1720
Investment income, nonoperating  04(12)1212
Interest and debt expense(6)(6)(11)(11)(11)(11)(11)
Income from continuing operations before income taxes:158238246225400490393
Income tax expense(41)(55)(101)(76)(154)(177)(140)
Net income:117183144148246313253
Net income (loss) attributable to noncontrolling interest(2)1(3)(1)   
Net income available to common stockholders, diluted:115184141147246313253

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:117183144148246313253
Other comprehensive income (loss)0(0)05(4)(35)31
Other undisclosed comprehensive income3173   
Comprehensive income:120183151156242279284
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)1(3)(1)   
Other undisclosed comprehensive loss, net of tax, attributable to parent    (7)  
Comprehensive income, net of tax, attributable to parent:118184149155234279284

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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