FRANKLIN RESOURCES, INC. BEN Income Statement

Franklin resources, inc. (BEN)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Dec'08	Jun'08
Operating Revenues
Consolidated sponsored investment products income, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	1	1	2
Other
33	31	35	37	25	29	35	35	29	29	29	26	23	21	16	29	19	31	41	26	16	21	29	24	21	22	19	24	26	23	20	22	10	27	12	12	9	9	9	15	8	13	19	13	-13	-4	16
Revenues
1,338	1,412	1,452	1,476	1,433	1,411	1,527	1,558	1,617	1,615	1,616	1,613	1,600	1,560	1,611	1,634	1,613	1,758	1,873	2,000	2,009	2,064	2,155	2,130	2,095	2,109	1,984	2,084	2,013	1,901	1,816	1,783	1,799	1,701	1,837	1,853	1,749	1,700	1,528	1,534	1,413	1,377	1,238	1,073	912	969	1,521
Operating Expenses
Sales, distribution and marketing
423	443	463	462	449	444	489	499	521	528	534	541	534	520	536	553	531	588	626	694	710	731	755	789	766	776	717	812	780	730	701	692	715	630	669	719	676	647	599	590	557	535	-	-	-	-	-
Underwriting and distribution
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	350	293	289	492
Compensation and benefits
365	389	382	437	409	355	345	357	355	332	336	342	343	311	317	326	374	342	336	363	377	375	365	380	372	349	348	345	355	335	317	314	323	300	309	313	315	292	275	280	271	254	246	230	236	244	285
Information systems and technology
61	62	69	65	62	60	68	62	58	55	60	54	54	51	56	50	49	51	64	58	49	51	60	54	51	50	58	44	44	43	54	44	43	41	49	41	41	40	47	40	39	38	-	-	-	-	-
Occupancy
34	34	38	32	31	31	34	30	34	29	33	30	29	29	37	33	33	30	35	30	32	34	36	34	33	33	35	33	31	33	34	31	31	31	35	32	32	30	33	35	29	30	-	-	-	-	-
General, administrative and other
96	89	106	103	101	108	110	105	92	88	95	81	83	61	85	75	88	91	92	84	82	89	100	85	86	87	90	76	71	73	85	58	68	65	84	64	53	30	63	65	53	51	-	-	-	-	-
Information systems, technology and occupancy
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	68	65	68	78
Advertising and promotion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27	26	24	44
Amortization of deferred sales commissions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32	33	36	41
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36	32	37	46
Total operating expenses
982	1,020	1,061	1,101	1,054	1,000	1,048	1,055	1,062	1,034	1,059	1,049	1,045	973	1,032	1,038	1,076	1,104	1,155	1,231	1,252	1,282	1,320	1,343	1,309	1,296	1,249	1,313	1,284	1,216	1,193	1,140	1,182	1,069	1,148	1,170	1,120	1,041	1,019	1,012	951	910	854	747	688	700	989
Operating Income
356	392	391	374	379	411	478	503	555	581	557	564	555	586	579	595	537	653	718	769	757	782	835	786	786	813	735	771	729	685	622	643	617	632	688	682	629	659	509	521	461	466	384	326	223	268	532
Other Income and Expenses [Abstract]
Other Nonoperating Income (Expense)
-249	59	11	44	118	-59	10	-33	87	81	113	92	84	46	70	65	17	30	-109	-4	102	51	63	107	17	48	-0	10	96	45	64	-18	82	71	-116	14	57	46	59	-7	42	32	87	52	-33	-45	33
Consolidated sponsored investment products gains (losses), net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-14	5	15	42	44	-11	-47	-9
Interest Expense
4	6	7	5	5	6	5	22	10	10	12	12	12	13	13	12	12	12	12	13	1	11	12	10	11	12	11	10	10	14	8	10	9	8	11	10	8	7	9	4	0	0	0	0	2	1	3
Nonoperating Income (Expense)
-253	52	4	38	113	-65	4	-55	77	70	100	79	72	32	56	53	5	18	-122	-18	101	40	50	96	5	35	-11	0	85	31	55	-28	72	62	-127	4	49	38	43	-26	47	47	129	96	-47	-93	21
Income before taxes
102	445	395	413	492	346	483	447	633	651	658	643	627	619	636	648	542	672	595	751	858	822	885	883	791	848	723	772	815	716	678	614	689	695	560	687	678	697	552	494	508	514	514	423	176	174	553
Taxes on income
44	97	86	158	110	86	7	91	150	1,223	181	184	192	200	163	187	181	209	214	217	236	256	255	251	238	252	213	209	221	211	174	184	202	201	203	208	183	207	176	135	149	156	136	116	67	64	150
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
58	348	309	254	381	260	476	355	482	-571	476	459	435	418	473	461	360	462	381	534	622	566	630	632	552	596	510	562	593	504	504	430	487	493	356	478	495	490	375	359	358	357	378	306	109	109	-
Less: net income (loss) attributable to
Redeemable noncontrolling interests
-28	9	0	0	21	-15	5	-45	15	11	19	36	20	-23	1	0	-1	1	-2	1	2	-6	6	5	-1	9	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Nonredeemable noncontrolling interests
8	-11	-	8	-7	-0	-	-1	24	-0	-	12	-6	2	-0	14	1	13	26	28	14	6	-16	47	-7	-17	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	-1	-10	-
Net Income (Loss) Attributable to Parent
79	350	306	245	367	275	502	402	443	-583	425	410	420	440	472	446	360	447	358	504	606	566	640	578	561	603	509	552	572	516	492	455	503	480	415	503	503	501	372	360	356	355	367	297	110	120	403
Earnings Per Share [Abstract]
Basic
0.16	0.70	0.61	0.48	0.72	0.54	0.91	0.75	0.79	-1.06	0.77	0.73	0.74	0.77	0.82	0.77	0.61	0.74	0.58	0.82	0.98	0.91	1.02	0.92	0.89	0.96	0.79	0.87	0.90	0.81	-2.26	0.71	2.33	2.21	-3.88	2.27	2.26	2.24	1.66	1.59	1.56	1.55	1.59	1.28	0.48	0.52	1.72
Diluted
0.16	0.70	0.61	0.48	0.72	0.54	0.92	0.75	0.78	-1.06	0.77	0.73	0.74	0.77	0.82	0.77	0.61	0.74	0.58	0.82	0.98	0.91	1.02	0.92	0.89	0.96	0.80	0.86	0.90	0.81	-2.25	0.71	2.32	2.20	-3.87	2.26	2.25	2.23	1.66	1.58	1.55	1.54	1.58	1.28	0.47	0.52	1.71
Dividends Declared per Share
-	-	-	-	-	-	-	-	-	-	-	0.20	0.20	0.20	0.18	0.18	0.18	0.18	0.15	0.15	0.15	0.65	0.12	0.12	0.12	0.12	0.09	0.09	0.09	1.09	-1.60	0.09	0.27	2.27	-0.42	0.25	0.25	0.25	0.22	0.22	0.22	3.22	0.21	0.21	0.21	0.21	0.20
Investment management fees [Member]
Revenue from Contract with Customer, Excluding Assessed Tax
908	979	1,001	1,019	992	971	1,058	1,077	1,117	1,113	1,109	1,097	1,089	1,063	1,096	1,093	1,095	1,186	1,256	1,340	1,347	1,382	1,430	1,393	1,368	1,373	1,285	1,318	1,267	1,199	1,142	1,114	1,126	1,075	1,193	1,168	1,102	1,066	1,015	915	836	806	800	625	552	600	924
Sales and distribution fees [Member]
Revenue from Contract with Customer, Excluding Assessed Tax
341	351	363	367	358	354	380	391	409	417	421	433	431	419	440	450	437	478	510	566	580	595	627	643	638	636	604	664	642	604	579	569	585	524	555	594	561	552	432	529	496	488	358	365	304	304	504
Shareholder servicing fees [Member]
Revenue from Contract with Customer, Excluding Assessed Tax
54	50	51	52	57	55	51	53	61	54	56	56	56	56	58	61	61	61	64	66	66	65	68	69	67	76	75	77	76	74	73	77	76	75	75	77	75	72	70	72	71	69	67	67	66	66	73