LPL Financial Holdings Inc. LPLA Cash Flow

Lpl financial holdings inc. (LPLA)

CashFlow / TTM

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
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income
560,123	559,880	553,502	528,653	501,327	439,459	383,259	334,536	284,204	238,863	216,501	210,313	189,728	191,931	177,007	166,105	168,498	168,784	190,517	182,737	175,586	178,043	173,916	178,275	180,275	181,857	174,377	171,045	165,456	151,918	154,428	156,557	162,562	170,382	0	0	0
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization
98,953	95,779	92,013	90,789	90,425	87,656	85,897	85,055	84,025	84,071	83,716	80,154	77,713	75,928	78,672	77,469	75,916	73,383	38,215	45,503	52,125	57,977	53,664	50,577	47,004	44,497	80,237	77,228	74,395	71,796	69,957	70,756	71,751	72,741	0	0	0
Amortization of intangible assets
65,702	65,300	64,400	63,813	63,246	60,300	54,604	48,260	42,031	38,300	37,760	37,910	37,966	38,000	38,067	38,100	38,127	38,239	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt issuance costs
4,994	4,672	4,400	4,207	4,106	4,118	4,122	3,951	4,056	4,304	4,706	5,285	5,596	5,752	5,525	4,820	4,114	3,405	2,930	3,279	3,626	3,973	4,321	4,306	4,324	4,365	4,406	4,461	4,484	4,591	4,743	4,894	5,046	5,091	0	0	0
Share-based compensation
33,232	32,864	30,625	29,993	30,529	29,162	30,161	30,928	29,148	28,522	29,906	28,604	26,847	24,896	23,511	23,480	27,040	29,213	27,507	27,820	26,485	27,579	29,991	27,588	27,158	24,672	22,001	21,743	20,427	21,122	22,171	21,123	19,898	18,250	0	0	0
Excess tax benefits related to share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	65	1,410	1,965	2,663	3,810	3,439	3,698	5,397	8,685	12,919	11,801	9,982	7,172	5,462	7,105	17,266	53,296	50,066	50,147	59,287	57,590	0	0	0
Provision for bad debts
6,140	6,698	6,501	6,378	7,654	6,113	5,131	3,723	3,664	2,789	4,165	4,228	4,014	4,057	3,795	3,435	2,949	2,542	1,940	2,841	2,571	2,432	2,234	2,306	2,725	2,021	1,849	1,246	659	1,159	3,943	3,522	3,638	3,833	0	0	0
Deferred income tax provision
-18,694	-18,615	-1,175	-1,617	-1,639	-1,754	-9,810	-9,477	-9,502	-9,391	-11,424	-11,460	-11,490	-11,550	-28,993	-29,129	-28,427	-30,153	-26,039	-26,049	-25,900	-24,100	-18,508	-16,569	-20,559	-28,943	-9,772	-17,560	-8,301	-12,219	-14,776	-8,721	-15,225	-8,432	0	0	0
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-22,407	-22,407	-21,139	-21,139	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	16,524	-16,524	-16,524	-16,524	0	0	0	0
Net changes in estimated fair value of contingent consideration obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,676	-2,660	9,441	9,841	11,353	0	0	0	-	-	-	-
Lease abandonment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Loan forgiveness
95,409	92,502	88,131	82,348	78,457	71,520	64,642	59,833	56,553	53,660	52,230	50,262	47,569	45,163	42,835	41,218	39,700	37,658	35,552	33,363	30,502	28,409	40,331	33,289	27,108	21,006	0	0	0	-	-	-	-	1,530	0	0	0
Other
11,567	11,421	510	-3,270	-3,641	-5,447	-3,246	4,782	6,192	8,295	11,163	5,271	2,827	2,810	3,412	1,650	1,877	-1,304	1,551	18	-1,625	-594	-4,206	-2,275	-1,567	-1,598	605	479	-342	-455	-1,035	-2,371	-1,955	-1,511	0	0	0
Changes in operating assets and liabilities:
Cash and securities segregated under federal and other regulations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	126,392	247,504	170,108	102,409	52,215	-8,350	55,038	56,579	-9,536	-31,893	61,379	-65,082	34,460	118,181	59,489	194,528	125,738	96,049	60,718	9,271	0	0	0
Deposit of restricted cash related to captive insurance subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	21,516	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in Restricted Cash Operating Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,546	8,626	7,263	6,550	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables from clients
-32,787	20,602	-16,049	100,799	9,051	68,888	43,614	66,382	87,876	1,916	97,962	-12,751	407	2,226	-51,509	-24,708	-29,269	-26,081	2,147	-21,717	-15,258	-7,628	1,586	48,307	-1,014	3,862	14,290	13,082	52,902	68,393	44,657	4,762	-7,447	30,302	0	0	0
Receivables from product sponsors, broker-dealers and clearing organizations
58,094	7,180	-46,417	-11,773	-59,818	-29,414	34,311	21,410	53,014	21,085	2,835	-32,662	-4,321	13,899	22,435	35,316	-4,673	-16,247	-24,133	-9,308	26,593	3,400	25,857	3,280	-35,535	21,120	17,140	38,412	20,632	9,457	-30,018	-28,696	-14,401	-59,839	0	0	0
Advisor loans
238,094	235,499	227,365	209,169	168,620	152,227	140,633	94,073	90,123	79,703	60,597	80,057	95,178	91,866	77,271	71,662	57,247	66,312	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables from others
85,659	52,365	33,088	23,887	26,387	20,894	24,892	27,311	47,159	32,618	16,226	26,656	12,395	12,466	14,967	8,500	1,981	10,514	-20,836	-9,279	-7,522	469	60,766	53,689	36,228	44,043	45,354	50,445	74,233	53,124	23,883	14,680	14,134	22,549	0	0	0
Securities owned
4,041	16,848	1,097	5,470	11,685	13,741	19,375	10,451	3,011	5,276	1,198	3,092	1,347	-835	-4,593	-368	-3,294	-144	4,402	1,469	3,920	4,638	3,774	1,988	5,466	1,148	2,061	1,836	568	1,321	-1,291	-2,815	-3,089	-3,158	0	0	0
Securities borrowed
13,257	12,855	3,957	2,255	-3,993	-7,660	-10,381	-12,628	-11,540	6,930	6,208	3,476	10,738	-442	3,959	8,540	-428	966	-1,839	-3,947	-371	-2,067	-2,289	1,994	506	-2,346	577	-2,572	-4,219	1,558	-408	-1,422	178	-501	0	0	0
Operating leases
1,563	1,446	942	548	254	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
83,376	62,670	66,846	67,969	50,717	51,708	47,545	38,398	48,835	23,156	25,365	31,585	24,753	30,013	32,514	25,687	38,656	30,714	33,532	36,074	21,691	45,523	28,617	33,210	35,462	19,458	14,016	23,102	49,518	52,216	44,231	31,624	20,786	7,806	0	0	0
Drafts payable
-36,284	-6,398	-53,920	30,179	49,180	39,105	41,977	4,081	-20,290	-12,910	-8,077	-7,416	-25,233	9,757	17,137	23,939	12,248	8,984	9,212	-18,585	-10,436	-14,872	-43,056	-3,349	43,027	-8,161	12,140	5,583	-19,729	15,557	28,717	12,143	-8,161	5,086	0	0	0
Payables to clients
549,980	107,927	314,777	1,984	-138,604	-11,945	37,548	-19,084	146,930	99,126	51,961	8,335	-18,967	116,344	156,749	151,122	159,607	94,707	-6,681	70,198	65,287	87,510	27,138	59,767	-18,042	-184,301	132,061	82,938	170,684	292,786	27,280	-9,948	-5,559	73,430	0	0	0
Payables to broker-dealers and clearing organizations
-16,515	15,822	30,981	-5,411	72,220	21,918	1,121	10,407	5,015	-8,770	1,349	-6,512	18,729	15,000	8,359	20,229	-6,247	2,605	5,216	7,118	14,034	2,270	15,272	8,450	-23,547	-9,874	-14,756	-12,269	24,853	18,276	-12,225	-1,486	-33,285	-4,315	0	0	0
Accrued commission and advisory expenses payable
-1,137	8,462	-7,729	-5,842	3,699	17,116	35,044	29,736	29,599	18,619	3,883	2,860	1,947	-1,036	-3,433	-8,421	-15,289	-16,992	-10,342	-1,863	9,644	11,355	14,423	5,832	319	6,690	20,877	32,427	19,118	18,744	-1,592	-13,368	-6,602	-20,693	0	0	0
Accounts payable and accrued liabilities
86,429	87,210	57,197	39,338	24,182	43,987	68,553	63,696	78,978	66,404	30,656	24,555	30,795	33,512	38,352	39,610	29,568	50,077	35,291	48,904	51,067	-8,109	22,850	9,002	8,160	48,127	30,803	26,965	38,774	20,743	7,817	2,586	-23,493	-21,016	0	0	0
Income taxes receivable/payable
-9,458	-12,861	-15,384	-6,243	51,315	32,521	11,090	1,527	-4,396	-4,138	13,789	9,117	-8,101	-4,008	16,476	20,194	13,333	12,574	11,602	15,285	5,940	4,281	-5,375	-13,860	130	14,916	-2,051	16,939	50,182	47,175	56,637	61,301	156,613	202,537	0	0	0
Unearned revenue
10,385	2,318	2,457	3,576	2,625	8,302	8,995	10,370	16,998	9,437	592	2,084	2,686	-2,695	1,112	-4,442	-3,536	998	3,030	11,991	945	-9,257	5,343	5,500	10,807	11,931	6,602	6,722	2,959	2,271	423	-5,300	5,123	5,919	0	0	0
Securities sold, but not yet purchased
229	7	-126	4	-268	-1,013	197	-21	144	999	49	-32	-89	-85	-141	-1,605	201	-35	208	1,655	-459	91	-300	-152	371	-155	-59,779	232	-177	205	0	0	0	-	-	-	0
Net cash provided by operating activities
969,814	623,871	895,286	467,047	639,144	581,580	525,761	408,603	423,748	453,306	250,456	339,127	277,195	388,933	333,069	183,058	268,681	279,451	216,458	366,791	276,190	232,242	242,461	280,942	238,622	160,117	294,748	193,811	289,617	254,268	180,059	148,775	224,854	442,378	0	0	0
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures
160,030	156,389	151,740	147,410	140,086	132,688	111,511	101,794	104,133	111,910	115,795	130,002	138,248	127,646	118,460	97,231	78,756	72,565	71,371	75,601	80,554	89,648	107,282	92,001	87,513	78,239	63,039	68,154	64,254	54,786	44,542	42,640	37,325	36,347	0	0	0
Deposits of restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,679	0	0	0	-	-	-	-	-	-	-	-	7,794	0	0	0
Release of restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	943	1,444	1,997	609	5,788	5,291	4,745	4,820	343	953	947	815	1,363	750	7,050	7,550	10,122	10,499	5,739	22,245	0	0	0
Payments to Acquire Businesses, Net of Cash Acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	41,977	0	0	0
Proceeds from disposal of fixed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,123	7,123	1,059	1,000	0	0	0	0	-	-	-	-	-	-	-	-
Purchase of securities classified as held-to-maturity
6,300	3,745	4,977	3,708	7,375	6,137	0	0	0	-	-	-	-	-	-	-	-	4,602	5,351	9,004	9,004	7,498	6,849	100	100	2,595	6,791	7,690	9,705	7,210	5,965	5,918	4,918	7,685	0	0	0
Proceeds from maturity of securities classified as held-to-maturity
5,000	5,000	5,000	5,000	5,000	5,000	3,750	3,750	2,500	3,000	4,000	3,750	4,750	5,000	5,000	4,850	4,600	3,350	3,850	3,750	4,500	5,750	4,250	5,400	6,900	5,900	7,650	9,100	7,100	8,100	8,350	7,350	7,350	6,000	0	0	0
Purchases of minority interest investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,500	2,500	2,575	2,575	1,575	0	0	0	-	-	-	-
Net cash used in investing activities
-187,183	-180,987	-204,529	-174,046	-170,389	-161,753	-110,487	-425,780	-430,411	-437,688	-444,195	-132,405	-138,963	-126,666	-117,777	-99,793	-76,995	-74,948	-66,214	-83,179	-87,869	-93,132	-114,154	-82,879	-78,456	-74,809	-64,814	-65,087	-106,132	-91,669	-86,908	-88,986	-61,751	-65,558	0	0	0
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from revolving credit facility
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	456,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of revolving credit facility
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	566,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from revolving credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of senior secured term loans
410,175	411,250	15,000	15,000	15,000	15,000	15,000	211,250	211,750	2,405,360	2,406,030	2,210,449	2,210,618	17,677	14,349	12,639	10,930	9,221	10,838	10,839	10,839	10,838	10,839	10,838	858,563	866,579	874,594	882,610	42,900	1,364,843	1,357,611	1,350,378	1,343,146	53,971	0	0	0
Payment for Contingent Consideration Liability, Financing Activities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from senior secured term loans and senior notes
-	-	-	-	-	-	-	-	-	2,611,593	2,611,594	2,197,360	2,197,360	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	1,330,681	1,330,681	1,330,681	1,330,681	0	0	0	0
Payments of debt issuance costs
-	-	-	-	-	-	-	-	-	23,798	22,676	16,548	13,936	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	4,431	4,431	4,431	4,431	0	0	0	0
Payment of contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Tax payments related to settlement of restricted stock units
9,805	5,863	5,672	5,655	5,673	4,843	4,842	4,515	4,532	3,461	3,298	3,100	3,037	1,241	1,249	2,052	1,997	3,018	3,062	2,117	2,036	868	673	599	584	0	0	0	0	-	-	-	-	-	-	-	-
Payment of contingent consideration obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-
Repurchase of common stock
525,372	500,370	498,142	498,352	489,131	417,891	330,098	224,624	149,232	113,728	83,721	58,710	18,290	25,013	275,013	300,024	385,834	390,835	265,893	265,893	205,093	275,079	193,390	293,126	314,170	219,091	267,319	194,202	166,556	199,121	107,524	77,955	126,523	89,037	0	0	0
Dividends on common stock
81,231	82,597	83,904	85,360	86,878	88,360	89,355	89,931	90,214	90,273	90,073	89,825	89,458	89,081	90,531	92,044	93,901	95,814	95,568	95,781	95,675	95,616	91,440	87,354	77,731	68,008	61,682	55,015	263,183	248,809	0	0	0	-	-	-	-
Excess tax benefits related to share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	65	1,410	1,965	2,663	3,810	3,439	3,698	5,397	8,685	12,919	11,801	9,982	7,172	5,462	7,105	17,266	53,296	50,066	50,147	59,287	57,590	0	0	0
Proceeds from stock option exercises and other
32,033	40,162	38,350	35,415	38,300	51,538	49,777	75,207	72,198	84,405	81,845	53,588	47,451	6,865	12,026	15,233	29,245	33,030	27,096	25,940	19,190	28,530	32,170	39,058	41,977	35,025	31,472	23,317	19,102	16,117	14,249	14,289	13,263	10,162	0	0	0
Principal payment of finance leases and obligations
842	692	6,994	7,606	8,211	8,807	9,073	9,012	8,952	7,949	2,621	2,169	1,723	1,284	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-507,007	-533,225	-575,502	-579,218	-566,593	-483,363	-399,714	-57,142	11,889	51,429	85,065	-129,798	-92,195	-127,366	162,036	115,181	98,988	107,694	-199,702	-174,868	-173,932	-243,362	-254,553	-344,358	-125,893	-34,985	-90,165	-24,909	-436,271	-417,110	-310,369	-260,204	-70,869	-75,256	0	0	0
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH
275,624	-90,341	115,255	-286,217	-97,838	-63,536	15,560	-74,319	5,226	67,047	-108,674	76,924	46,037	134,901	377,328	198,446	290,674	312,197	-49,458	108,744	14,389	-104,252	-126,246	-146,295	34,273	50,323	139,769	103,815	-252,786	-254,511	-217,218	-200,415	92,234	301,564	0	0	0
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Interest Paid, Excluding Capitalized Interest, Operating Activities
119,235	126,949	130,466	129,726	127,508	123,623	120,454	110,087	110,584	92,650	100,427	88,626	92,108	92,344	81,775	72,005	66,912	51,114	51,220	51,072	46,716	51,588	52,156	52,906	52,743	51,712	51,028	50,092	50,926	54,883	57,976	61,877	66,464	68,669	0	0	0
Income taxes paid
213,632	213,339	202,264	187,867	125,286	122,215	125,297	132,563	138,880	139,200	131,069	113,636	118,863	122,909	113,931	121,930	130,314	131,833	142,409	132,742	139,233	139,315	132,389	140,972	128,567	123,583	126,288	110,961	65,992	62,260	53,243	48,546	60,987	60,651	0	0	0
NONCASH DISCLOSURES:
Capital expenditures included in accounts payable and accrued liabilities
15,788	13,736	8,400	7,078	21,748	20,634	30,719	32,662	14,001	16,096	15,688	20,469	29,486	24,339	24,550	19,674	13,740	11,462	9,565	2,362	5,193	8,184	0	0	0	-	-	-	-	-	-	-	-	-	0	0	0
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability
3,787	108,879	108,539	108,539	108,539	0	0	0	0	-	-	-	-	45,998	62,756	65,248	74,761	59,940	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fixed assets acquired under built-to-suit lease
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,114	22,005	31,093	31,093	22,979	0	0	0	-	-	-	-	-	-	-	-
Debt issuance cost included in accounts payable and accrued liabilities
-	-	-	-	-	-	-	-	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on interest rate swaps, net of tax expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Discount on proceeds from senior secured credit facilities recorded as debt issuance costs
-	-	-	-	-	-	-	-	-	5,040	5,040	2,640	2,640	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	19,319	19,319	19,319	19,319	0	0	0	0
Pending settlement of treasury stock purchases
-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-