LADENBURG THALMANN FINANCIAL SERVICES INC. LTS Income Statement

Ladenburg thalmann financial services inc. (LTS)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax
1,469,302	1,391,136	1,268,152	464,136	-	-	-	-	-	-	-
Total revenues
-	-	-	1,106,953	1,152,118	921,253	793,116	650,111	273,600	194,526	150,675
Expenses:
Commissions and fees
1,025,556	976,596	928,430	818,000	857,842	662,178	573,621	477,104	182,462	122,120	87,165
Compensation and benefits
210,811	194,045	171,344	152,592	149,786	120,231	95,346	80,151	52,043	43,309	40,232
Non-cash compensation
6,106	5,882	5,539	5,311	8,759	10,541	6,766	4,744	4,014	5,439	7,534
Brokerage, communication and clearance fees
14,057	16,088	18,124	15,719	20,727	17,900	11,614	9,939	7,692	7,439	6,836
Rent and occupancy, net of sublease revenue
10,603	9,977	9,356	9,673	9,797	7,040	6,289	6,600	3,813	3,309	3,067
Professional services
19,403	21,927	19,588	14,126	14,156	11,040	9,162	8,347	4,223	5,361	5,725
Interest
23,119	10,796	2,710	4,262	5,169	6,990	15,438	24,541	6,543	3,241	3,977
Depreciation and amortization
22,294	24,039	28,835	28,334	27,077	18,397	15,315	16,061	5,632	3,978	4,143
Acquisition-related expenses
5,887	1,010	3,469	1,357	940	2,342	0	0	2,971	0	-
Loss on extinguishment of debt
-	-	-	-	-252	-548	-4,547	0	0	-	-
Amortization of retention and forgivable loans
549	417	7,396	5,472	9,238	11,041	11,544	11,664	1,634	0	-
Amortization of contract acquisition costs
11,759	9,671	0	0	-	-	-	-	-	-	-
Other
88,487	73,285	72,200	64,177	60,125	43,011	40,949	32,963	14,875	10,420	9,600
Total expenses
1,438,631	1,343,733	1,266,991	1,119,023	1,163,868	911,259	790,591	672,114	285,902	204,616	168,279
Income before item shown below
30,671	47,403	1,161	-12,070	-11,750	9,994	2,525	-22,003	-12,302	-10,090	-
Change in fair value of contingent consideration
-664	-238	19	-216	55	12	-121	7,111	0	0	-
Income before income taxes
30,007	47,165	1,180	-12,286	-11,695	10,006	2,404	-14,892	-12,302	-10,090	-17,604
Income tax expense (benefit)
7,282	13,379	-6,502	10,025	-482	-23,346	2,926	1,462	-16,195	861	1,069
Net income
22,725	33,786	7,682	-22,311	-11,213	33,352	-522	-16,354	3,893	-	-
Net income (loss) attributable to noncontrolling interest
-42	28	-15	-42	-62	-81	-68	0	0	-	-
Net income attributable to the Company
22,767	33,758	7,697	-22,269	-11,151	33,433	-454	-16,354	3,893	-10,951	-18,673
Dividends declared on preferred stock
34,689	34,031	32,482	30,438	28,108	17,244	6,911	0	0	-	-
Net loss available to common shareholders
-11,922	-273	-24,785	-52,707	-39,259	16,189	-7,365	-16,354	3,893	-	-
Net loss per share available to common shareholders (basic) (in USD per share)
-0.08	0.00	-0.13	-0.29	-0.21	0.09	-0.04	-0.09	-	-	-
Net loss per share available to common shareholders (diluted) (in USD per share)
-0.08	0.00	-0.13	-0.29	-0.21	0.08	-0.04	-0.09	-	-	-
Net income (loss) per share available to common shareholders (basic and diluted)
-	-	-	-	-	-	-	-	0.02	-0.06	-0.11
Weighted average common shares used in computation of per share data:
Basic (in shares)
143,372	194,562	193,064	182,987	183,660	182,768	182,295	183,572	183,023	175,698	168,623
Diluted (in shares)
143,372	194,562	193,064	182,987	183,660	206,512	182,295	183,572	189,014	175,698	168,623
Commissions
Revenue from Contract with Customer, Excluding Assessed Tax
724,605	696,331	536,028	510,023	558,683	445,734	394,414	326,132	139,549	106,960	92,513
Advisory fees
Revenue from Contract with Customer, Excluding Assessed Tax
510,609	474,423	560,930	-	-	-	-	-	-	-	-
Revenue from Contract with Customer, Excluding Assessed Tax
-	-	-	-	462,087	343,212	274,018	233,672	87,865	53,627	33,095
Investment banking
Revenue from Contract with Customer, Excluding Assessed Tax
54,043	56,256	46,453	-	-	-	-	-	-	-	-
Revenue from Contract with Customer, Excluding Assessed Tax
-	-	-	25,453	35,145	46,998	41,991	29,278	27,514	22,381	15,370
Principal transactions
Revenue from Contract with Customer, Excluding Assessed Tax
1,452	-328	857	751	602	1,938	2,667	-1,081	-1,210	131	846
Interest and dividends
Revenue from Contract with Customer, Excluding Assessed Tax
5,289	4,971	2,550	2,879	3,842	6,209	6,813	4,773	1,026	524	2,372
Service fees
Revenue from Contract with Customer, Excluding Assessed Tax
-	-	-	71,515	91,759	77,162	73,213	57,337	18,856	10,903	-
Revenue from Contract with Customer, Excluding Assessed Tax
132,029	119,430	85,330	32,196	-	-	-	-	-	-	6,479
Other income
Revenue from Contract with Customer, Excluding Assessed Tax
41,275	40,053	36,004	-	-	-	-	-	-	-	-