WADDELL & REED FINANCIAL INC WDR Income Statement

Waddell & reed financial inc (WDR)

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	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenues:
Total Revenues
263,733	270,071	270,680	270,154	259,410	272,230	295,118	295,338	297,615	294,476	289,447	286,657	286,564	292,913	303,086	319,208	323,816	361,074	376,109	393,990	385,458	397,151	409,558	400,634	390,416	375,004	347,089	331,706	316,555	302,883	293,365	289,686	287,871	235,672	280,341	309,945	296,574	214,626	254,807	257,219	251,614	217,976	199,628
Operating expenses:
Distribution
120,033	117,225	117,425	116,477	109,794	111,456	116,591	114,315	114,470	107,889	106,878	109,060	108,437	-22,099	152,999	181,245	173,836	194,181	189,065	195,762	195,420	195,522	197,246	195,608	194,951	181,252	169,046	164,844	161,571	150,020	147,408	148,067	144,486	112,885	138,111	157,219	152,004	93,227	132,857	133,506	133,866	115,119	110,781
Compensation and benefits (including share-based compensation of $9,983 and $12,693, respectively)
58,425	62,816	64,999	61,876	64,843	64,155	64,561	65,828	68,785	69,273	69,636	65,332	67,035	116,344	40,214	58,341	52,940	56,360	46,157	52,829	53,495	47,437	48,375	48,589	50,009	52,594	49,472	47,376	48,155	43,343	42,343	41,931	44,158	38,660	36,105	42,092	40,475	34,763	36,164	34,355	32,925	29,275	27,399
General and administrative
18,598	30,061	16,680	16,037	14,704	17,403	17,559	19,143	19,538	20,069	23,400	23,287	22,195	19,112	23,280	19,276	19,152	26,033	25,458	27,897	25,678	28,774	24,924	27,183	23,756	22,811	20,462	26,938	16,208	18,160	15,774	23,634	17,764	16,000	20,979	19,500	17,631	12,368	16,022	16,709	15,686	15,106	14,503
Technology
13,502	15,950	15,019	16,442	16,308	15,982	15,414	17,235	16,644	15,282	16,039	17,780	16,977	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Occupancy
4,709	5,143	5,684	6,701	6,715	6,116	7,148	6,969	6,964	7,743	7,645	7,548	7,785	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Marketing and advertising
1,896	2,467	2,134	2,399	1,964	2,685	2,461	2,896	2,281	3,353	3,197	3,264	2,611	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation
3,513	3,738	4,833	5,228	6,001	6,338	8,141	5,819	5,302	5,374	5,230	5,175	5,221	5,195	4,541	4,260	4,362	3,831	4,117	4,064	4,034	4,058	3,786	3,541	3,249	3,213	3,172	3,222	3,227	3,335	3,188	3,329	3,359	3,452	3,866	3,842	3,604	3,068	3,526	3,486	3,445	3,503	3,444
Subadvisory fees
3,666	3,777	3,882	3,715	3,557	3,647	3,767	3,683	3,708	3,717	3,566	3,194	2,697	2,588	2,566	2,325	2,093	2,048	2,305	2,394	2,387	2,287	2,203	2,069	1,877	1,778	1,667	4,291	4,484	4,609	4,921	5,208	6,271	6,201	7,291	8,313	8,080	7,382	6,481	6,888	7,072	6,129	5,485
Intangible asset impairment
-	-	-	-	-	-	-	1,200	-	0	0	900	600	-	5,700	-	-	-	-	-	-	-	7,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total
224,342	241,206	230,656	228,875	223,886	227,831	235,642	237,088	237,692	232,683	235,591	235,540	233,558	232,720	229,300	265,447	252,383	282,453	267,102	282,946	281,014	278,078	284,434	276,990	273,842	261,648	243,819	246,671	233,645	219,467	213,634	222,169	216,038	177,198	206,352	230,966	221,794	150,808	195,050	194,944	192,994	169,132	161,612
Operating income
39,391	28,865	40,024	41,279	35,524	44,399	59,476	58,250	59,923	61,793	53,856	51,117	53,006	60,193	73,786	53,761	71,433	78,621	109,007	111,044	104,444	119,073	125,124	123,644	116,574	113,356	103,270	85,035	82,910	83,416	79,731	67,517	71,833	58,474	73,989	78,979	74,780	63,818	59,757	62,275	58,620	48,844	38,016
Investment and other (loss) income
-7,745	-4,804	5,212	9,025	9,453	17,351	1,697	841	2,816	-2,218	33,293	2,997	3,012	-6,405	7,878	687	-10,218	7,647	-16,872	9	3,972	7,995	-1,205	6,100	3,900	9,313	5,212	1,002	4,377	1,911	2,632	1,325	3,949	2,828	-4,178	2,452	1,003	5,380	3,933	-1,585	891	2,316	2,161
Interest expense
1,549	1,533	1,562	1,552	1,548	1,553	1,555	1,551	1,802	2,909	2,796	2,788	2,786	2,786	2,792	2,776	2,768	2,772	2,765	2,765	2,766	2,763	2,769	2,755	2,755	2,700	2,832	2,858	2,854	2,834	2,826	2,825	2,826	2,836	2,837	2,835	2,900	2,931	3,128	3,111	3,558	3,153	3,150
Income before provision for income taxes
30,097	22,528	43,674	48,752	43,429	60,197	59,618	57,540	60,937	56,666	84,353	51,326	53,232	51,002	78,872	51,672	58,447	83,496	89,370	108,288	105,650	124,305	121,150	126,989	117,719	119,969	105,650	83,179	84,433	82,493	79,537	66,017	72,956	58,466	66,974	78,596	72,883	66,267	60,562	57,579	55,953	48,007	37,027
Provision for income taxes
9,633	6,382	10,175	14,190	10,671	14,125	13,105	13,284	14,966	26,380	29,499	26,608	18,881	18,738	24,067	18,101	20,978	28,534	41,312	40,843	38,537	43,412	46,564	44,001	42,855	41,210	37,231	31,222	30,570	30,143	27,421	24,792	26,119	21,235	27,603	28,626	27,250	23,433	20,029	23,427	20,044	14,594	13,653
Net income
20,464	16,146	33,499	34,562	32,758	46,072	46,513	44,256	45,971	30,286	54,854	24,718	34,351	32,264	54,805	33,571	37,469	54,962	48,058	67,445	67,113	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	34,152	35,909	33,413	23,374
Net (loss) income attributable to redeemable noncontrolling interests
-1,522	209	445	614	705	-396	208	-222	-366	522	1,272	656	480	59	978	-124	501	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to Waddell & Reed Financial, Inc.
21,986	15,937	33,054	33,948	32,053	46,468	46,305	44,478	46,337	29,764	53,582	24,062	33,871	32,205	53,827	33,695	36,968	54,962	48,058	67,445	67,113	80,893	74,586	82,988	74,864	78,759	68,419	51,957	53,863	53,321	8,526	41,718	47,387	40,022	39,834	49,970	45,633	-	40,533	-	-	-	-
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	52,350	52,116	41,225	46,837	-	39,371	-	-	-	-	-	-	-	-
Loss from discontinued operations net of tax expense of $0, $0 and $1,058, respectively
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	971	-43,590	493	550	-	463	-	-	-	-	-	-	-	-
Net income per share attributable to Waddell and Reed Financial, Inc. common shareholders, basic and diluted:
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.61	0.61	0.48	0.55	-	0.46	-	-	-	-	-	-	-	-
Loss from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.51	-	-	-	-	-	-	-	-	-	-	-	-
Net income per share attributable to Waddell and Reed Financial, Inc. common shareholders, basic and diluted:
0.32	0.24	0.46	0.45	0.42	0.59	0.58	0.55	0.56	0.36	0.64	0.29	0.40	0.39	0.65	0.41	0.45	0.67	0.58	0.80	0.80	0.96	0.89	0.98	0.88	0.92	0.80	0.61	0.63	0.63	0.10	0.48	0.55	-	0.46	-	-	-	-	-	-	-	-
Basic (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.58	0.53	-	0.47	0.40	0.42	0.39	0.27
Diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.58	0.53	-	0.47	0.40	0.42	0.39	0.27
Weighted average shares outstanding, basic and diluted:
Weighted average shares outstanding, basic and diluted:
67,675	69,816	72,387	74,694	76,299	77,717	79,595	81,449	83,111	83,128	83,476	83,611	84,077	82,787	82,834	82,947	82,104	82,867	83,469	84,079	83,581	83,606	84,242	85,073	85,019	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	85,603	85,869	85,592	85,454	85,753	86,093	85,604	85,278	85,776	86,264	85,814	85,421	85,438	85,984	85,629	85,699	85,900
Diluted (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	85,603	85,869	85,593	85,456	85,755	86,095	85,606	85,279	85,782	86,275	85,836	85,440	85,448	86,025	85,675	85,774	86,001
Investment management fees
Total Revenues
105,219	110,706	111,806	112,870	109,762	114,521	129,302	130,391	133,692	136,387	134,149	130,878	130,436	132,709	138,745	140,880	144,778	166,325	175,218	185,914	182,105	188,658	197,783	193,624	188,037	180,219	165,559	156,219	148,445	141,754	138,364	134,213	134,900	126,475	133,495	138,985	131,644	123,664	111,159	113,052	109,663	94,687	82,566
Underwriting and distribution fees
Total Revenues
136,943	136,309	135,787	133,495	126,245	133,788	140,308	137,873	138,041	132,200	128,892	128,776	128,831	132,922	135,778	146,312	146,658	160,382	165,130	171,508	166,978	171,363	173,047	169,001	165,267	158,940	146,863	141,597	135,419	128,806	122,819	123,687	121,153	83,581	115,786	137,354	132,763	68,628	114,071	114,545	113,136	96,559	91,105
Shareholder service fees
Total Revenues
21,571	23,056	23,087	23,789	23,403	23,921	25,508	27,074	25,882	25,889	26,406	27,003	27,297	27,282	28,563	32,016	32,380	34,367	35,761	36,568	36,375	37,130	38,728	38,009	37,112	35,845	34,667	33,890	32,691	32,323	32,182	31,786	31,818	25,616	31,060	33,606	32,167	22,334	29,577	29,622	28,815	26,730	25,957