WADDELL & REED FINANCIAL INC WDR Income Statement

Waddell & reed financial inc (WDR)

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	Dec'08
Revenues:
Total Revenues
1,070,315	1,160,301	1,157,144	1,239,023	1,516,631	1,597,759	1,370,354	1,173,805	1,122,532	978,266	839,089	919,120
Operating expenses:
Distribution
460,921	456,832	432,264	485,981	774,428	783,327	676,713	589,981	560,219	493,456	449,925	496,822
Compensation and benefits (including share-based compensation of $9,983 and $12,693, respectively)
254,534	263,329	271,276	267,839	208,841	194,410	197,597	171,775	157,332	138,207	124,463	119,057
General and administrative
77,482	73,643	88,951	80,820	105,066	104,637	86,419	75,332	74,110	60,785	58,034	76,370
Technology
63,719	65,275	66,078	63,045	-	-	-	-	-	-	-	-
Occupancy
24,243	27,197	30,721	31,406	-	-	-	-	-	-	-	-
Marketing and advertising
8,964	10,323	12,425	13,080	-	-	-	-	-	-	-	-
Depreciation
19,800	25,600	21,000	18,358	16,046	14,634	12,834	13,211	14,764	13,525	13,653	13,198
Subadvisory fees
14,931	14,805	13,174	9,572	9,134	8,436	12,220	21,009	29,885	27,823	23,202	41,122
Intangible asset impairment
-	1,200	1,500	9,749	-	7,900	-	-	-	-	-	-
Goodwill impairment
-	-	-	-	-	-	-	-	-	-	-	7,222
Total
924,623	938,253	937,372	979,850	1,113,515	1,113,344	985,783	871,308	836,310	733,796	669,277	753,791
Operating income
145,692	222,048	219,772	259,173	403,116	484,415	384,571	302,497	286,222	244,470	169,812	165,329
Investment and other (loss) income
18,886	22,705	37,084	-8,058	-5,244	16,790	19,904	9,817	2,105	8,619	5,039	3,178
Interest expense
6,195	6,461	11,279	11,122	11,068	11,042	11,244	11,311	11,408	12,728	12,695	12,087
Income before provision for income taxes
158,383	238,292	245,577	239,993	386,804	490,163	393,231	301,003	276,919	240,361	162,156	156,420
Provision for income taxes
41,418	55,480	101,368	81,884	149,226	176,832	140,233	108,475	104,714	86,933	56,651	60,257
Net income
116,965	182,812	144,209	158,109	237,578	313,331	-	-	-	-	-	96,163
Net (loss) income attributable to redeemable noncontrolling interests
1,973	-776	2,930	1,414	-	-	-	-	-	-	-	-
Net income attributable to Waddell & Reed Financial, Inc.
114,992	183,588	141,279	156,695	237,578	313,331	252,998	150,952	175,459	156,959	105,505	-
Income from continuing operations
-	-	-	-	-	-	-	192,528	172,205	153,428	-	-
Loss from discontinued operations net of tax expense of $0, $0 and $1,058, respectively
-	-	-	-	-	-	-	-41,576	3,254	3,531	-	-
Net income per share attributable to Waddell and Reed Financial, Inc. common shareholders, basic and diluted:
Income from continuing operations
-	-	-	-	-	-	-	2.25	2.01	1.79	-	-
Loss from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-0.49	0.04	0.04	-	-
Net income per share attributable to Waddell and Reed Financial, Inc. common shareholders, basic and diluted:
1.57	2.28	1.69	1.90	2.85	3.71	2.96	1.76	2.05	1.83	-	-
Basic (in dollars per share)
-	-	-	-	-	-	-	-	-	-	1.23	1.12
Diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	1.23	1.12
Weighted average shares outstanding, basic and diluted:
Weighted average shares outstanding, basic and diluted:
73,299	80,468	83,573	82,668	83,499	84,485	85,589	-	-	-	-	-
Basic (in shares)
-	-	-	-	-	-	-	85,726	85,783	85,618	85,484	85,761
Diluted (in shares)
-	-	-	-	-	-	-	85,728	85,793	85,647	85,544	86,113
Investment management fees
Total Revenues
445,144	507,906	531,850	557,112	709,562	768,102	650,442	549,231	530,599	457,538	354,593	399,863
Underwriting and distribution fees
Total Revenues
531,836	550,010	518,699	561,670	663,998	678,678	582,819	496,465	469,484	410,380	378,678	416,762
Shareholder service fees
Total Revenues
93,335	102,385	106,595	120,241	143,071	150,979	137,093	128,109	122,449	110,348	105,818	102,495