LADENBURG THALMANN FINANCIAL SERVICES INC. LTS Income Statement

Ladenburg thalmann financial services inc. (LTS)

Income statement / TTM

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:
Revenue from Contract with Customer, Excluding Assessed Tax
1,469,302	1,419,673	1,394,016	1,390,661	1,391,136	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenues
-	-	1,403,031	1,397,207	-	-	1,353,465	1,307,245	-	1,221,195	1,173,209	1,131,448	1,106,953	1,104,227	1,112,118	1,139,091	1,152,118	1,122,735	1,064,253	988,258	921,253	867,756	844,513	817,629	793,116	753,840	713,185	682,701	650,111	585,203	474,267	371,113	273,600	214,694	213,380	0	0	0
Expenses:
Commissions and fees
1,025,556	990,730	980,330	979,587	976,596	983,975	969,323	941,007	928,430	891,962	864,284	836,993	818,000	816,689	824,006	846,621	857,842	832,079	780,813	721,401	662,178	625,812	609,325	590,892	573,621	548,229	520,373	497,484	477,104	433,434	345,542	262,678	182,462	134,374	131,840	0	0	0
Compensation and benefits
210,811	207,832	198,711	195,380	194,045	186,940	187,166	179,468	171,344	168,852	159,705	154,890	152,592	150,947	150,874	152,207	149,786	146,550	139,049	126,747	120,231	107,421	102,871	99,601	95,346	90,186	85,026	84,146	80,151	73,821	66,024	57,540	52,043	47,275	47,264	0	0	0
Non-cash compensation
6,106	5,914	5,758	5,882	5,882	5,833	5,794	5,604	5,539	5,463	5,422	5,385	5,311	6,829	5,771	6,854	8,759	8,778	12,215	11,874	10,541	10,016	7,984	7,280	6,766	5,538	4,945	4,793	4,744	4,887	4,521	4,421	4,014	4,063	4,980	0	0	0
Brokerage, communication and clearance fees
14,057	15,050	15,392	14,770	16,088	16,471	16,910	18,878	18,124	17,062	17,220	15,254	15,719	17,325	18,164	20,332	20,727	20,603	19,782	18,918	17,900	16,532	14,944	13,433	11,614	10,604	10,255	10,085	9,939	9,430	8,951	8,314	7,692	7,219	7,056	0	0	0
Rent and occupancy, net of sublease revenue
10,603	10,493	10,411	10,154	9,977	9,637	9,376	9,457	9,356	9,817	9,846	9,615	9,673	9,444	9,522	10,107	9,797	9,459	8,952	7,647	7,040	6,643	6,369	6,323	6,289	6,277	6,288	6,423	6,600	6,312	5,480	4,667	3,813	3,220	3,170	0	0	0
Professional services
19,403	21,581	21,302	21,344	21,927	21,839	22,023	20,483	19,588	16,950	15,606	15,094	14,126	13,469	13,726	14,202	14,156	13,421	12,920	12,001	11,040	10,852	9,972	9,222	9,162	8,936	8,834	8,706	8,347	7,281	5,905	4,921	4,223	4,569	4,835	0	0	0
Interest
23,119	20,410	17,398	13,979	10,796	8,337	5,732	4,099	2,710	2,349	2,881	3,532	4,262	4,711	4,833	4,936	5,169	5,767	6,213	6,537	6,990	7,236	7,818	11,095	15,438	19,536	23,401	24,717	24,541	22,475	17,147	11,775	6,543	3,109	3,225	0	0	0
Depreciation and amortization
22,294	23,680	24,279	24,135	24,039	24,421	25,680	27,212	28,835	29,034	28,944	28,891	28,334	28,127	27,911	27,362	27,077	25,950	24,054	21,149	18,397	16,289	15,163	15,246	15,315	15,502	15,705	15,905	16,061	15,094	11,977	8,802	5,632	3,646	3,802	0	0	0
Acquisition-related expenses
5,887	121	121	118	1,010	4,062	4,117	4,206	3,469	674	1,555	1,497	1,357	1,686	889	868	940	1,291	2,002	2,450	2,342	1,308	458	0	-	0	0	-	-	-	-	-	-	0	-	-	-	-
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-252	-486	-486	-486	-548	-661	-1,107	-4,861	-4,547	-4,200	-3,754	0	-	0	0	-	-	-	-	-	-	-
Amortization of retention and forgivable loans
549	528	486	484	417	2,606	4,317	5,881	7,396	6,161	5,756	5,629	5,472	5,788	6,608	7,974	9,238	10,728	10,976	10,959	11,041	14,349	13,568	12,516	11,544	11,708	11,730	11,680	11,664	0	0	0	-	-	-	-	-	-
Amortization of contract acquisition costs
11,759	11,251	10,751	10,238	9,671	7,059	4,571	2,210	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
88,487	78,109	77,782	76,490	73,285	74,588	72,244	75,212	72,200	69,007	69,625	65,080	64,177	64,351	61,263	60,383	60,125	56,898	53,488	48,263	43,011	38,953	39,721	40,413	40,949	36,272	35,518	32,216	32,963	34,111	27,622	22,581	14,875	11,007	10,951	0	0	0
Total expenses
1,438,631	1,385,699	1,362,721	1,352,561	1,343,733	1,345,768	1,327,253	1,293,717	1,266,991	1,217,331	1,180,844	1,141,860	1,119,023	1,119,366	1,123,567	1,151,846	1,163,868	1,132,010	1,070,950	988,432	911,259	856,072	829,300	810,882	790,591	756,988	725,829	696,155	672,114	616,045	501,357	392,096	285,902	219,182	217,123	0	0	0
Income before item shown below
30,671	42,989	40,310	44,646	47,403	34,263	26,212	13,528	1,161	3,864	-7,635	-10,412	-12,070	-15,139	-11,449	-12,755	-11,750	-9,275	-6,697	-174	9,994	11,684	15,213	6,747	2,525	-3,148	-12,644	-13,454	-22,003	-30,842	-27,090	-20,983	-12,302	0	0	0	-	-
Change in fair value of contingent consideration
-664	-363	-324	-289	-238	-232	-181	-194	19	48	-21	-7	-216	-154	-82	-33	55	31	31	31	12	12	12	-132	-121	-121	788	1,579	7,111	0	0	0	-	-	-	-	-	-
Income before income taxes
30,007	42,626	39,986	44,357	47,165	34,031	26,031	13,334	1,180	3,912	-7,656	-10,419	-12,286	-15,293	-11,531	-12,788	-11,695	-9,244	-6,666	-143	10,006	11,696	15,225	6,615	2,404	-3,269	-11,856	-11,875	-14,892	-23,731	-20,888	-15,428	-12,302	-4,488	-3,743	0	0	0
Income tax expense (benefit)
7,282	10,847	10,034	12,603	13,379	3,173	1,221	-3,491	-6,502	2,243	1,592	17,955	10,025	9,866	9,050	-7,531	-482	-13,640	-26,782	-25,659	-23,346	-10,786	3,147	2,996	2,926	2,120	1,949	1,377	1,462	-16,086	-16,210	-15,933	-16,195	1,178	1,082	0	0	0
Net income
22,725	31,779	29,952	31,754	33,786	30,858	24,810	16,825	7,682	1,669	-9,248	-28,374	-22,311	-25,159	-20,581	-5,257	-11,213	4,396	20,116	25,516	33,352	22,482	12,078	3,619	-522	-5,389	-13,805	-13,252	-16,354	0	0	0	-	-	-	-	-	-
Net income (loss) attributable to noncontrolling interest
-42	-52	40	28	28	12	2	-9	-15	-14	-18	-29	-42	-56	-66	-60	-62	-58	-67	-80	-81	-81	-84	-76	-68	-49	-26	-13	0	0	0	0	-	-	-	-	-	-
Net income attributable to the Company
22,767	31,831	29,912	31,726	33,758	30,846	24,808	16,834	7,697	1,683	-9,230	-28,345	-22,269	-25,103	-20,515	-5,197	-11,151	4,454	20,183	25,596	33,433	22,563	12,162	3,695	-454	-5,340	-13,779	-13,239	-16,354	-7,645	-4,678	505	3,893	-5,666	-4,825	0	0	0
Dividends declared on preferred stock
34,689	34,495	34,300	34,113	34,031	33,979	33,621	33,066	32,482	31,950	31,581	31,017	30,438	29,849	29,358	29,121	28,108	26,234	23,793	20,351	17,244	14,787	12,818	10,136	6,911	3,907	1,028	0	-	0	0	-	-	-	-	-	-	-
Net loss available to common shareholders
-11,922	-2,664	-4,388	-2,387	-273	-3,133	-8,813	-16,232	-24,785	-30,267	-40,811	-59,362	-52,707	-54,952	-49,873	-34,318	-39,259	-21,780	-3,610	5,245	16,189	7,776	-656	-6,441	-7,365	-12,929	-17,435	0	-	0	0	-	-	-	-	-	-	-
Net loss per share available to common shareholders (basic) (in USD per share)
-0.05	0.02	-0.01	-0.04	0.02	0.00	0.00	-0.02	-0.02	-0.02	-0.03	-0.06	-0.04	-0.08	-0.14	-0.03	-0.05	-0.06	-0.05	-0.05	0.04	0.04	0.00	0.01	-	0.00	-	-	-	-	-	-	-	-	-	-	-	-
Net loss per share available to common shareholders (diluted) (in USD per share)
-0.05	0.02	-0.01	-0.04	0.02	0.00	0.00	-0.02	-0.02	-0.02	-0.03	-0.06	-0.04	-0.08	-0.14	-0.03	-0.05	-0.06	-0.05	-0.05	0.03	0.04	0.00	0.01	-	0.00	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) per share available to common shareholders (basic and diluted)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.04	0.00	-	-0.03	-0.03	-0.02	0.04	-0.02	0.00	0.00	-0.02	-0.01
Weighted average common shares used in computation of per share data:
Basic (in shares)
143,641	143,092	143,444	143,311	189,413	196,381	196,557	195,898	194,770	192,912	192,304	192,270	188,880	181,032	180,674	181,363	181,382	183,519	184,743	184,998	184,843	182,988	181,739	181,502	180,475	181,759	183,488	183,459	-	-	-	183,679	-	-	183,048	183,366	-	170,744
Diluted (in shares)
138,773	147,960	143,444	143,311	164,109	208,387	209,855	195,898	194,770	192,912	192,304	192,270	188,880	181,032	180,674	181,363	181,382	183,519	184,743	184,998	231,442	210,535	181,739	202,332	175,476	181,759	183,488	188,458	-	-	183,551	183,679	-	-	187,005	186,327	-	170,744
Basic and diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	183,460	183,551	-	-	182,810	-	-	181,327	-
Commissions
Revenue from Contract with Customer, Excluding Assessed Tax
724,605	707,632	699,345	699,974	696,331	657,311	616,670	569,264	536,028	523,507	519,555	512,163	510,023	520,027	529,431	547,174	558,683	548,878	521,534	484,554	445,734	417,427	409,321	401,946	394,414	375,708	354,838	339,529	326,132	298,804	244,029	190,486	139,549	112,073	111,897	0	0	0
Advisory fees
Revenue from Contract with Customer, Excluding Assessed Tax
-	0	-	-	-	0	-	-	-	-	-	480,214	-	455,852	455,029	462,481	462,087	445,931	414,214	376,864	343,212	318,390	301,950	287,560	274,018	263,458	252,225	241,571	233,672	211,052	167,363	127,545	87,865	60,806	58,676	0	0	0
Investment banking
Revenue from Contract with Customer, Excluding Assessed Tax
-	58,115	49,405	49,595	-	50,533	55,296	56,454	-	44,129	33,808	27,440	25,453	25,458	28,352	33,040	35,145	33,824	37,422	37,606	46,998	49,026	48,200	44,921	41,991	37,708	33,758	35,725	29,278	25,184	22,553	23,023	27,514	29,832	32,978	0	0	0
Principal transactions
Revenue from Contract with Customer, Excluding Assessed Tax
1,452	498	801	433	-328	617	679	704	857	750	816	938	751	531	108	311	602	996	1,679	1,580	1,938	2,676	3,084	3,029	2,667	1,378	570	-260	-1,081	-403	-960	-1,187	-1,210	-2,402	-2,039	0	0	0
Interest and dividends
Revenue from Contract with Customer, Excluding Assessed Tax
5,289	5,688	5,648	5,400	4,971	3,930	3,125	2,702	2,550	-2,398	-228	1,785	2,879	8,617	6,894	5,024	3,842	3,500	4,184	5,053	6,209	6,806	6,872	6,905	6,813	6,540	6,035	5,506	4,773	3,979	2,788	1,747	1,026	563	570	0	0	0
Service fees
Revenue from Contract with Customer, Excluding Assessed Tax
-	133,968	131,533	126,731	-	108,350	98,925	91,676	-	65,876	67,138	69,474	71,515	93,742	92,304	91,061	91,759	89,606	85,220	82,601	77,162	73,431	75,086	73,268	73,213	69,048	65,759	60,630	57,337	42,440	32,227	0	-	0	0	-	-	-
Revenue from Contract with Customer, Excluding Assessed Tax
132,029	116,648	118,373	120,503	119,430	94,437	91,790	87,461	85,330	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0