LPL Financial Holdings Inc. LPLA Balance Sheet

Lpl financial holdings inc. (LPLA)

Balance Sheet / 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	Dec'10
ASSETS
Cash and cash equivalents
418	590	929	403	676	511	768	817	820	811	577	945	797	747	787	745	775	724	410	547	484	412	459	438	470	516	585	584	436	466	445	481	688	720	663	681	419
Cash segregated under federal and other regulations
1,217	822	526	708	708	985	566	568	650	763	754	534	682	768	597	647	686	671	470	399	516	568	418	408	461	512	428	440	399	577	393	321	340	382	267	225	373
Restricted cash
67	58	52	48	42	65	58	61	55	50	45	42	40	42	38	34	30	27	22	27	16	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables from:
Clients, net of allowance of $376 at March 31, 2020 and $115 at December 31, 2019
360	433	418	462	393	412	435	361	384	344	391	295	296	341	292	306	294	339	344	331	324	365	342	353	340	373	341	306	341	369	326	293	288	301	282	288	271
Product sponsors, broker-dealers, and clearing organizations
218	177	171	176	156	166	213	188	216	196	179	166	163	175	176	199	168	161	154	164	172	177	178	173	146	174	152	170	181	152	135	131	161	143	165	160	203
Advisor loans, net of allowance of $6,573 at March 31, 2020 and $3,974 at December 31, 2019
457	441	397	355	320	298	261	229	232	219	184	192	195	194	178	167	153	148	-	-	-	120	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Others, net of allowance of $3,710 at March 31, 2020 and $10,292 at December 31, 2019
351	298	268	263	269	248	236	241	245	228	214	212	196	189	191	183	182	180	323	314	318	171	281	276	284	272	252	248	268	241	210	200	192	187	188	187	169
Securities owned:
Trading — at fair value
29	46	32	29	27	29	32	24	16	17	13	14	13	11	11	10	12	11	16	11	16	13	12	11	12	8	8	9	7	8	7	6	6	6	7	9	9
Debt Securities, Held-to-maturity
14	11	13	11	13	13	13	13	10	11	11	11	7	8	9	10	7	9	10	8	9	8	9	3	4	6	6	8	11	10	7	10	9	11	10	11	9
Securities borrowed
15	17	10	7	2	4	6	4	6	12	16	17	18	5	10	14	7	6	6	5	7	5	8	9	8	7	10	7	7	9	10	10	11	7	10	11	8
Income taxes receivable
-	-	-	-	-	-	-	-	-	-	-	-	0	-	2	-	-	-	17	9	0	0	25	20	-	0	9	0	0	5	1	6	0	0	8	18	144
Fixed assets, net of accumulated depreciation and amortization of $414,322 at March 31, 2020 and $388,355 at December 31, 2019
542	533	504	485	472	461	441	431	411	412	402	392	387	387	373	330	288	275	256	237	209	214	207	211	200	189	140	138	132	130	121	109	92	91	83	81	78
Operating lease assets
103	102	104	105	106	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs, net of accumulated amortization of $13,922 at September 30, 2015 and $11,724 at December 31, 2014
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11	11	12	-	13	14	15	16	17	18	20	21	22	23	24	18	19	21	23
Goodwill
1,503	1,503	1,502	1,490	1,490	1,490	1,476	1,476	1,476	1,427	1,365	1,365	1,365	1,365	1,365	1,365	1,365	1,365	1,365	1,365	1,365	1,365	1,365	1,361	1,361	1,361	1,361	1,371	1,371	1,371	1,372	1,362	1,334	1,334	1,334	1,329	1,293
Intangible assets, net of accumulated amortization of $561,223 at March 31, 2020 and $544,653 at December 31, 2019
423	439	456	451	468	484	482	497	513	414	325	335	344	353	363	372	382	392	401	411	420	430	440	445	454	464	474	483	493	503	513	523	527	537	547	558	560
Deferred Income Tax Assets, Net
0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
National Planning Holdings acquisition
-	-	-	-	-	-	0	0	0	162	325	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
385	401	351	364	343	305	297	306	308	285	249	264	252	242	209	217	215	206	167	195	183	187	155	166	169	139	124	136	134	120	106	119	86	73	61	78	82
Total assets
6,110	5,880	5,740	5,363	5,492	5,477	5,289	5,223	5,348	5,358	5,058	4,790	4,762	4,834	4,609	4,607	4,572	4,521	3,979	4,042	4,058	4,041	3,918	3,893	3,928	4,042	3,914	3,923	3,806	3,988	3,676	3,599	3,765	3,816	3,650	3,662	3,646
LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES:
Drafts payable
149	218	141	184	186	225	195	154	136	185	153	150	157	198	161	157	182	189	144	133	170	180	135	152	180	194	178	155	137	203	166	149	157	187	137	137	182
Payables to clients
1,328	1,058	1,119	760	778	950	804	758	917	962	767	777	770	863	715	768	789	747	558	617	629	652	565	547	564	565	538	487	582	749	406	404	412	456	378	414	383
Payables to broker-dealers and clearing organizations
117	92	85	57	134	76	54	63	62	54	53	52	57	63	51	59	38	48	43	38	44	45	38	31	30	43	23	23	54	53	37	35	29	34	50	37	39
Accrued commission and advisory expenses payable
155	174	162	152	154	164	168	158	151	147	133	128	121	128	129	125	117	129	132	134	131	146	143	136	125	135	128	130	124	128	107	97	105	109	109	111	130
Accounts payable and accrued liabilities
454	557	487	439	411	478	486	472	447	461	403	380	364	385	367	345	312	332	308	304	291	289	287	266	244	301	244	224	198	216	200	169	132	160	153	161	154
Income taxes payable
65	20	7	13	74	32	22	19	23	0	11	17	27	4	0	8	35	8	-	-	25	0	0	0	24	4	-	2	32	0	0	0	0	0	-	-	0
Dividends payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	220	-	-	-	-
Unearned revenue
109	82	85	94	99	80	82	91	96	72	73	80	79	62	72	78	76	65	71	82	80	64	68	71	79	73	63	65	68	61	56	58	65	59	56	64	53
Interest rate swaps
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	2	2	-7
Securities sold, but not yet purchased — at fair value
0	0	0	0	0	0	0	0	0	1	0	0	0	0	0	0	0	0	0	1	0	0	0	0	0	0	0	0	0	0	60	-	0	0	0	4	4
Long-term and other borrowings, net
2,467	2,398	2,360	2,363	2,368	2,371	2,375	2,378	2,381	2,385	2,388	2,178	2,182	2,175	2,178	2,181	2,185	2,188	1,666	1,693	1,641	1,625	1,526	1,529	1,532	1,535	1,537	1,540	1,307	1,317	1,328	1,339	1,350	1,332	1,336	1,339	1,386
Operating Lease, Liability
142	141	144	145	147	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finance Lease, Liability
107	108	107	107	106	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Leasehold financing and capital lease obligations
-	-	0	0	0	104	105	105	106	107	108	104	105	105	105	91	74	59	43	26	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes, net
0	2	20	20	20	18	15	15	15	16	25	25	25	25	36	36	36	36	64	64	-64	66	-90	-90	-90	-89	-108	-106	-109	-118	-119	-124	-115	-127	-129	-125	-130
Total liabilities
5,099	4,856	4,720	4,338	4,482	4,503	4,310	4,216	4,339	4,393	4,117	3,897	3,891	4,013	3,818	3,853	3,849	3,805	3,033	3,099	3,079	3,070	2,854	2,824	2,872	2,942	2,822	2,737	2,616	2,848	2,483	2,380	2,588	2,471	2,353	2,399	2,472
STOCKHOLDERS' EQUITY:
Common stock, $.001 par value; 600,000,000 shares authorized; 127,035,564 shares issued at March 31, 2020 and 126,494,028 shares issued at December 31, 2019
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Additional paid-in capital
1,720	1,703	1,687	1,673	1,658	1,634	1,621	1,610	1,592	1,556	1,543	1,506	1,493	1,445	1,435	1,427	1,422	1,418	1,401	1,390	1,367	1,355	1,346	1,336	1,318	1,292	1,274	1,260	1,242	1,228	1,216	1,209	1,186	1,137	1,130	1,123	1,051
Treasury stock, at cost — 48,177,751 shares at March 31, 2020 and 46,259,989 shares at December 31, 2019
2,392	2,234	2,114	1,984	1,859	1,730	1,612	1,490	1,373	1,309	1,279	1,254	1,218	1,194	1,195	1,195	1,196	1,172	922	897	811	780	655	631	606	506	471	345	292	287	199	144	126	89	89	79	0
Accumulated other comprehensive income
-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	1	0	1	1	1	0	-0	-	-	0	0	0	-0	-0	-1	-1	-4
Retained earnings
1,683	1,554	1,447	1,336	1,210	1,070	971	886	789	718	676	641	595	569	550	521	496	469	466	448	422	396	371	361	342	313	288	270	240	199	175	154	117	296	257	220	126
Total stockholders' equity
1,011	1,023	1,019	1,025	1,009	974	979	1,006	1,008	965	940	893	870	820	791	753	723	715	945	943	979	971	1,063	1,068	1,056	1,099	1,091	1,186	1,189	1,140	1,193	1,219	1,176	1,344	1,297	1,263	1,173
Total liabilities and stockholders' equity
6,110	5,880	5,740	5,363	5,492	5,477	5,289	5,223	5,348	5,358	5,058	4,790	4,762	4,834	4,609	4,607	4,572	4,521	3,979	4,042	4,058	4,041	3,918	3,893	3,928	4,042	3,914	3,923	3,806	3,988	3,676	3,599	3,765	3,816	3,650	3,662	3,646