LPL Financial Holdings Inc. LPLA Income Statement

Lpl financial holdings inc. (LPLA)

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	Sep'10	Jun'10
REVENUES:
Commission
503,444	476,920	474,993	479,135	461,359	469,923	486,875	488,085	474,811	425,943	403,011	420,706	421,164	423,267	431,686	445,755	436,727	463,486	480,271	509,689	523,399	528,355	520,388	535,177	534,574	556,176	527,419	508,399	485,572	467,492	442,129	447,243	463,653	404,382	438,294	459,882	451,877	385,273	420,169
Advisory Revenue
579,027	533,259	514,363	481,309	453,938	474,102	458,087	438,917	422,387	375,928	356,945	346,515	329,859	325,383	321,911	322,955	319,432	324,241	341,217	344,884	342,112	339,943	340,369	330,394	327,253	308,931	299,101	298,094	281,226	275,983	267,334	268,192	250,981	251,219	267,878	264,289	244,087	212,344	215,146
Asset Based Fees
285,506	288,925	292,140	288,551	296,363	265,681	248,895	238,603	219,336	193,707	183,953	173,450	157,223	144,136	138,291	137,797	136,251	124,062	123,921	125,072	120,632	122,101	121,283	118,537	114,674	112,272	107,447	107,505	103,766	103,018	100,024	102,784	97,241	89,706	89,691	90,504	89,823	81,599	77,436
Transaction And Other Fees
137,096	118,291	121,222	118,335	122,480	119,254	118,941	116,455	116,649	103,145	103,999	109,361	108,162	102,788	108,413	101,824	102,690	96,849	105,593	97,811	101,695	93,537	94,674	91,625	89,985	89,444	93,799	88,631	89,378	83,362	84,730	78,894	74,572	71,227	78,476	68,755	73,749	70,243	68,132
Interest income, net of interest expense
9,542	10,966	11,531	11,690	12,321	11,784	10,512	10,133	7,781	6,542	6,162	5,976	5,793	5,342	5,372	5,238	5,330	4,216	5,221	5,177	4,578	4,703	4,727	4,791	4,761	4,544	4,509	4,426	4,408	4,603	4,629	4,800	4,710	4,777	5,036	5,110	5,142	5,105	4,906
Other
-51,218	19,534	1,276	10,737	25,218	-23,702	7,687	6,611	593	11,177	10,038	9,496	13,226	6,541	11,767	5,612	4,875	7,492	-1,478	8,028	16,886	15,629	7,793	12,205	16,184	22,563	20,937	11,865	10,446	9,786	8,382	5,930	10,616	7,342	3,482	5,456	9,191	5,400	4,372
Total net revenues
1,463,397	1,447,895	1,415,525	1,389,757	1,371,679	1,317,042	1,330,997	1,298,804	1,241,557	1,116,442	1,064,108	1,065,504	1,035,427	1,007,457	1,017,440	1,019,181	1,005,305	1,020,346	1,054,745	1,090,661	1,109,302	1,104,268	1,089,234	1,092,729	1,087,431	1,093,930	1,053,212	1,018,920	974,796	944,244	907,228	907,843	901,773	828,653	882,857	893,996	873,869	759,964	790,161
EXPENSES:
Commission and advisory
870,795	893,831	856,635	838,022	799,698	793,310	821,950	800,619	761,697	697,725	663,765	663,046	645,063	646,501	657,432	660,680	636,011	685,127	701,585	736,854	741,247	756,496	746,001	751,662	744,543	761,710	724,835	701,687	659,553	651,774	620,165	620,582	617,392	576,904	614,068	624,687	594,678	517,266	547,296
Compensation and benefits
146,802	149,128	138,300	131,788	136,912	132,766	128,007	122,360	123,517	119,748	113,659	110,299	113,212	108,741	107,988	105,773	114,055	104,938	110,494	112,337	112,280	104,370	106,290	104,821	106,348	101,650	102,310	98,227	98,780	89,350	91,309	93,034	89,012	79,237	77,337	81,410	84,142	74,627	74,822
Promotional
57,398	51,050	61,715	41,423	51,349	45,141	52,628	43,407	67,427	60,066	42,935	32,006	36,654	35,602	42,609	34,717	35,684	34,782	42,040	26,684	35,692	31,096	36,669	29,729	27,183	26,263	36,807	24,804	23,665	32,277	31,844	26,122	16,831	19,900	28,660	14,789	19,536	23,497	11,294
Depreciation and amortization
26,644	25,684	24,062	22,584	23,470	21,941	22,838	22,220	20,701	20,167	21,996	21,190	20,747	19,755	18,434	18,749	18,962	22,527	17,231	17,196	16,429	-12,641	24,519	23,818	22,281	-16,954	21,432	20,245	19,774	18,786	18,423	17,412	17,175	16,947	19,222	18,407	18,165	19,772	22,110
Amortization of intangible assets
16,570	16,583	16,300	16,249	16,168	15,696	15,700	15,682	13,222	10,004	9,352	9,453	9,491	9,464	9,502	9,509	9,525	9,531	9,535	9,536	9,637	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Occupancy and equipment
39,546	35,320	34,417	33,320	33,106	30,750	30,308	26,904	27,636	26,343	22,803	22,987	25,199	25,609	23,530	21,980	21,837	22,155	19,760	21,315	20,882	19,508	19,043	21,798	22,081	17,902	16,568	16,283	16,798	16,150	13,914	14,007	14,497	13,914	13,637	12,394	15,525	12,979	11,745
Professional services
14,605	17,772	17,666	18,837	19,612	24,428	23,129	15,922	22,172	20,675	16,438	18,757	15,537	17,944	17,045	14,984	17,155	20,608	15,341	14,529	14,044	-6,018	38,174	15,715	14,313	-1,029	18,955	14,123	14,510	-5,219	15,672	18,199	13,121	8,281	10,656	12,489	10,164	14,683	13,468
Brokerage, clearing and exchange
17,024	15,927	16,380	15,994	16,144	16,000	15,844	15,433	15,877	15,480	13,491	13,890	14,186	14,213	13,098	13,609	13,589	12,836	13,403	13,536	12,741	12,421	12,090	12,329	12,175	12,101	11,360	11,428	10,170	9,917	9,938	9,554	9,515	9,219	9,818	9,401	9,649	8,362	9,242
Communications and data processing
10,835	12,465	12,535	12,532	12,327	11,776	12,334	11,038	11,174	12,416	10,866	10,645	11,014	12,652	10,333	10,971	10,497	12,897	11,253	11,107	11,614	11,225	11,476	10,463	10,659	11,674	11,017	10,892	9,492	10,577	10,249	9,797	8,899	9,873	9,235	8,906	8,682	7,693	8,290
Regulatory fees and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,234	7,686	7,419	-	6,979	6,891	7,546	6,731	6,441	6,372	6,572	6,038	6,529
Travel and entertainment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,224
Restructuring charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	480	3,071	4,492	3,924	8,179	9,928	9,225	7,320	10,335	6,482	7,332	6,037	635	1,211	2,057	1,694	8,372	7,684	4,814	537	1,863	4,622
Other
26,228	30,569	27,599	29,975	26,403	31,103	29,219	30,370	28,586	25,070	24,376	24,201	22,563	27,075	25,356	24,656	19,500	30,897	28,852	25,822	32,122	43,398	16,694	29,094	20,141	76,807	20,547	10,682	5,887	66,702	20,460	9,441	6,672	-146	7,434	6,694	6,489	7,661	3,229
Total operating expenses
1,226,447	1,248,356	1,205,595	1,160,724	1,135,189	1,122,843	1,151,933	1,103,955	1,092,009	1,007,658	939,681	926,474	913,666	917,619	925,327	915,628	896,815	956,778	972,565	993,408	1,010,612	1,006,902	1,020,884	1,008,654	987,044	1,016,126	978,547	923,389	872,085	869,533	840,164	827,096	802,354	749,232	804,192	800,363	774,139	694,441	715,871
Non-operating interest expense and other
29,318	31,384	31,944	33,957	32,716	31,756	31,705	31,940	29,622	28,894	26,519	26,261	25,351	24,895	23,889	23,804	23,890	18,465	13,493	13,163	14,015	12,887	12,897	12,914	12,840	13,256	13,363	12,667	12,160	12,529	12,826	13,439	16,032	15,835	16,603	18,154	18,172	19,511	27,683
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	0	-1,268	0	-21,139	0	0	0	0	-	-	-	-	-	-	-	-	-	0	-7,962	-	33,048	0	0	-16,524	0	0	0	0	0	-37,979
Total expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,033,781	1,021,568	999,884	-	991,910	944,018	884,245	882,062	852,990	840,535	834,910	765,067	820,795	818,517	792,311	713,952	781,533
INCOME BEFORE PROVISION FOR INCOME TAXES
207,632	164,999	177,986	195,076	203,774	162,443	147,359	162,909	119,926	79,890	96,640	112,769	75,271	64,943	68,224	79,749	84,600	45,103	68,687	84,090	84,675	80,536	55,453	71,161	87,547	64,548	61,302	74,902	90,551	62,182	54,238	67,308	66,863	63,586	62,062	75,479	81,558	46,012	8,628
PROVISION FOR INCOME TAXES
51,991	38,323	46,272	48,984	48,376	42,145	40,494	44,143	26,396	15,792	38,498	44,335	27,082	23,207	16,270	31,900	34,208	18,291	27,635	33,848	33,997	31,991	22,181	28,070	34,412	20,130	23,671	29,811	35,834	25,244	19,939	27,806	25,684	24,138	25,634	29,972	32,559	19,868	628
Net Income (Loss) Attributable to Parent
155,641	126,676	131,714	146,092	155,398	120,298	106,865	118,766	93,530	64,098	58,142	68,434	48,189	41,736	51,954	47,849	50,392	26,812	41,052	50,242	50,678	48,545	33,272	43,091	53,135	44,418	37,631	45,091	54,717	36,938	34,299	39,502	41,179	39,448	36,428	45,507	48,999	26,144	8,000
Earnings Per Share [Abstract]
Earnings per share, basic
1.96	1.58	1.61	1.75	1.84	1.40	1.22	1.33	1.04	0.70	0.65	0.76	0.54	0.46	0.58	0.54	0.57	0.30	0.43	0.52	0.52	0.50	0.33	0.43	0.52	0.45	0.36	0.42	0.51	0.34	0.31	0.36	0.38	0.37	0.33	0.41	0.44	0.30	0.09
Earnings per share, diluted
1.92	1.55	1.57	1.71	1.79	1.35	1.19	1.30	1.01	0.70	0.63	0.74	0.52	0.46	0.58	0.53	0.56	0.27	0.43	0.52	0.52	0.49	0.33	0.42	0.51	0.43	0.36	0.42	0.51	0.34	0.31	0.35	0.37	0.35	0.32	0.40	0.43	0.26	0.08
Weighted-average shares outstanding, basic
79,507	80,641	81,833	83,247	84,487	85,925	87,426	89,128	89,997	89,922	89,967	90,251	89,868	89,213	89,092	89,019	88,964	93,845	94,972	95,724	96,551	97,813	100,052	100,244	101,279	101,760	104,271	106,414	106,347	-	-	-	-	-	-	-	-	-	-
Weighted-average shares outstanding, diluted
81,166	82,560	83,844	85,350	86,742	88,130	89,878	91,684	92,784	92,401	92,042	92,013	92,004	90,781	89,951	89,699	89,621	95,206	96,472	97,239	98,227	99,402	101,834	102,029	103,339	103,315	105,705	107,695	107,297	-	-	-	-	-	-	-	-	-	-