Legg mason, inc. (LMHB)
Income statement / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Dec'14Sep'14Jun'14Sep'13Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09Dec'08Sep'08Jun'08
OPERATING REVENUES
Separate accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

204,793

204,267

206,180

204,214

200,972

208,104

208,860

206,972

190,888

192,248

225,156

283,116

316,675

Funds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

400,144

392,084

384,341

357,491

352,699

341,135

350,767

347,371

328,024

336,596

389,367

540,829

569,558

Performance fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,614

19,790

34,592

19,505

22,774

24,656

31,546

9,566

5,684

937

2,910

3,437

10,145

Distribution and service fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

92,064

95,011

95,522

92,314

96,314

96,113

97,900

94,619

86,701

85,718

99,990

135,796

153,499

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,493

2,278

1,293

1,270

1,406

1,412

1,406

1,368

1,787

1,712

2,565

2,959

4,154

Total Operating Revenues

753,914

743,264

705,360

692,605

704,322

758,427

747,905

785,052

793,090

768,338

793,842

-

-

-

-

-

-

-

-

-

-

-

-

717,108

713,430

721,928

674,794

674,165

671,420

690,479

659,896

613,084

617,211

719,988

966,137

1,054,031

OPERATING EXPENSES
Compensation and benefits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

300,352

298,899

290,423

284,909

266,074

267,270

287,657

287,559

268,812

-

-

-

-

Transition Related Compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,395

12,604

18,757

10,974

2,713

-

-

0

0

-

-

-

-

Compensation and benefits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

311,747

311,503

309,180

295,883

268,787

267,270

287,657

287,559

268,812

237,127

195,238

322,183

377,668

Distribution and servicing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

180,756

174,893

187,412

165,832

184,702

167,419

177,660

174,388

172,464

180,620

202,502

278,969

307,873

Communications and technology

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40,501

43,280

39,399

39,314

39,976

42,225

39,845

40,538

40,490

43,801

45,140

49,085

50,286

Occupancy

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33,238

33,435

37,259

33,492

33,675

25,469

63,225

35,689

32,584

70,982

70,656

33,755

34,144

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,578

5,660

5,776

5,749

5,728

5,731

5,746

5,664

5,628

8,013

9,252

9,599

9,624

Impairment of Intangible Assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

371,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,225,100

-

-

Contingent consideration fair value adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

44,922

45,519

45,910

46,625

38,520

57,470

37,198

38,174

34,791

39,133

45,105

52,333

45,489

Total operating expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

616,742

614,290

624,936

586,895

571,388

565,584

611,331

582,012

554,769

662,546

1,792,993

745,924

825,084

Operating Income (Loss)

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

100,366

99,140

96,992

87,899

102,777

105,836

79,148

77,884

58,315

-45,335

-1,073,005

220,213

228,947

OTHER NON-OPERATING INCOME (EXPENSE)
Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,055

3,052

2,209

2,170

1,815

1,582

2,223

1,728

1,821

3,511

8,468

21,025

23,268

Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22,361

22,518

22,389

24,449

22,801

25,095

29,248

28,540

43,390

46,922

45,588

45,832

44,463

Fund support

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

5,613

17,558

-606,426

-1,085,296

-324,640

-266,874

Other income (expense), net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,403

14,892

18,806

33,189

-7,291

14,987

16,047

14,547

41,311

-4,099

-75,606

-38,646

1,307

Payment for Debt Extinguishment or Debt Prepayment Cost

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

107,074

107,074

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-operating income (loss) of consolidated investment vehicles, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,102

8,060

-8,462

4,499

-2,393

4,410

4,069

3,761

5,089

-

-

-

-

Total Other Non-Operating Income (Expense)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-10,801

3,486

-9,836

15,409

-30,670

-4,116

-6,909

-2,891

22,389

-646,140

-1,198,022

-388,093

-286,762

Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

89,565

102,626

87,156

103,308

72,107

101,720

72,239

74,993

80,704

-691,475

-2,271,027

-167,880

-57,815

Income tax provision

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,164

27,867

31,858

33,792

26,720

27,064

36,619

26,006

27,671

28,380

-364,531

-778,047

-58,891

-21,734

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

61,698

70,768

53,364

76,588

45,043

65,101

46,233

47,322

52,324

-326,944

-1,492,980

-108,989

-36,081

Net Income (Loss) Attributable to Noncontrolling Interest

16,228

9,448

16,219

5,399

10,498

8,270

12,275

7,374

19,324

11,960

12,617

14,380

13,088

20,091

11,888

-6,885

16

-1,400

391

3,012

-

1,424

-

1,746

1,731

-8,256

1,253

-2,888

1,494

1,311

1,548

2,270

3,280

-148

-254

46

Net Income (Loss) Attributable to Parent

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

59,952

69,037

61,620

75,335

47,931

63,607

44,922

45,774

50,054

-330,224

-1,492,832

-108,735

-36,127

Earnings Per Share [Abstract]
Basic (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.40

0.42

0.41

0.50

0.30

0.40

0.28

0.30

0.35

-2.37

-10.59

-0.77

-0.26

Earnings Per Share, Diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.40

0.42

0.41

0.50

0.30

0.39

0.28

0.30

0.35

-2.37

-10.59

-0.77

-0.26

Weighted Average Number of Shares Outstanding, Basic

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

149,210

-

149,980

151,416

160,123

-

160,815

151,267

142,006

-

141,019

140,900

140,505

Weighted Average Number of Shares Outstanding, Diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

149,347

-

150,972

151,940

160,762

-

162,949

153,224

143,126

-

141,019

140,900

140,505

Common Stock, Dividends, Per Share, Declared

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.08

-

0.06

0.06

0.04

-

0.03

0.03

0.03

-

0.24

0.24

0.24

Consolidated Legg Mason, Inc.
Other

-

-

-

-

-

-

-

-

1,635

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Operating Revenues

753,914

743,264

705,360

692,605

704,322

758,427

747,905

-

793,090

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Compensation and benefits

375,033

377,727

379,828

355,640

316,876

364,885

361,568

-

362,071

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distribution and servicing

104,363

105,099

103,906

99,317

108,842

114,525

116,592

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distribution and servicing

-

-

-

-

-

-

-

-

124,254

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Communications and technology

57,101

53,953

55,274

57,245

56,664

57,489

56,740

-

54,239

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Occupancy

32,490

26,809

25,624

28,963

24,077

27,352

24,904

-

24,982

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangible assets

6,004

5,442

5,457

6,033

6,089

6,102

6,180

-

6,071

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)

-

-

-

-

365,200

-

-

-

195,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration fair value adjustments

0

0

-1,165

0

0

145

426

-

739

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

48,929

49,257

52,501

67,282

63,001

52,201

55,819

-

53,067

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating Expenses

623,920

618,287

621,425

614,480

940,749

622,699

622,229

-

820,423

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating Income (Loss)

129,994

124,977

83,935

78,125

-236,427

135,728

125,676

-

-27,333

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income

2,882

2,652

4,005

4,184

3,126

2,420

2,446

-

1,827

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

27,032

27,331

-28,483

-146,054

28,770

29,860

-29,917

-

29,088

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income (expense), net

-

-

-

-

-

-

-

-

5,519

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Other Non-Operating Income (Expense)

-5,327

-19,692

-4,318

-2,843

-30,317

-24,811

-16,636

-

-13,517

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest

124,667

105,285

79,617

75,282

-266,744

110,917

109,040

-

-40,850

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax provision

33,664

28,754

18,048

20,396

-60,354

29,844

30,675

-

-209,396

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

91,003

76,531

61,569

54,886

-206,390

81,073

78,365

-

168,546

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Noncontrolling Interest

16,228

9,448

16,219

5,399

10,498

8,270

12,275

-

19,324

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent

74,775

67,083

45,350

49,487

-216,888

72,803

66,090

-

149,222

-

-

-

51,439

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic (in dollars per share)

0.83

0.75

0.51

0.60

-2.55

0.82

0.75

-

1.59

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings Per Share, Diluted

0.83

0.74

0.51

0.60

-2.55

0.82

0.75

-

1.58

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Consolidated Entity Excluding Variable Interest Entities (VIE) [Member]
Total Operating Revenues

753,983

743,420

705,485

-

704,477

758,530

748,108

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating Expenses

623,817

617,145

621,291

-

940,561

622,430

621,816

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating Income (Loss)

130,166

126,275

84,194

-

-236,084

136,100

126,292

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income (expense), net

18,009

458

10,599

-

-7,042

6,627

7,252

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Other Non-Operating Income (Expense)

-7,300

-21,718

-11,054

-

-32,158

-22,189

-19,784

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest

122,866

104,557

73,140

-

-268,242

113,911

106,508

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax provision

33,664

28,754

18,048

-

-60,354

29,844

30,675

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

89,202

75,803

55,092

-

-207,888

84,067

75,833

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Noncontrolling Interest

14,427

8,720

9,742

-

9,000

11,264

9,743

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent

74,775

67,083

45,350

-

-216,888

72,803

66,090

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Consolidated Investment Vehicles [Member]
Other income (expense), net

814

4,529

9,561

-2,519

2,369

-3,998

3,583

-

8,225

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income (expense), net

814

4,529

9,561

-2,519

2,369

-3,998

3,583

-

8,225

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Consolidated Entity Excluding Consolidated Investment Vehicles Before Eliminations [Member]
Net Income (Loss) Attributable to Parent

-

-

-

-

-

-

-

-

149,222

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-