WADDELL & REED FINANCIAL INC WDR Income Statement

Waddell & reed financial inc (WDR)

Income statement / TTM

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
1,074,638	1,070,315	1,072,474	1,096,912	1,122,096	1,160,301	1,182,547	1,176,876	1,168,195	1,157,144	1,155,581	1,169,220	1,201,771	1,239,023	1,307,184	1,380,207	1,454,989	1,516,631	1,552,708	1,586,157	1,592,801	1,597,759	1,575,612	1,513,143	1,444,215	1,370,354	1,298,233	1,244,509	1,202,489	1,173,805	1,106,594	1,093,570	1,113,829	1,122,532	1,101,486	1,075,952	1,023,226	978,266	981,616	926,437	0	0	0
Operating expenses:
Distribution
471,160	460,921	455,152	454,318	452,156	456,832	453,265	443,552	438,297	432,264	302,276	348,397	420,582	485,981	702,261	738,327	752,844	774,428	775,769	783,950	783,796	783,327	769,057	740,857	710,093	676,713	645,481	623,843	607,066	589,981	552,846	543,549	552,701	560,219	540,561	535,307	511,594	493,456	515,348	493,272	0	0	0
Compensation and benefits (including share-based compensation of $9,983 and $12,693, respectively)
248,116	254,534	255,873	255,435	259,387	263,329	268,447	273,522	273,026	271,276	318,347	288,925	281,934	267,839	207,855	213,798	208,286	208,841	199,918	202,136	197,896	194,410	199,567	200,664	199,451	197,597	188,346	181,217	175,772	171,775	167,092	160,854	161,015	157,332	153,435	153,494	145,757	138,207	132,719	123,954	0	0	0
General and administrative
81,376	77,482	64,824	65,703	68,809	73,643	76,309	82,150	86,294	88,951	87,994	87,874	83,863	80,820	87,741	89,919	98,540	105,066	107,807	107,273	106,559	104,637	98,674	94,212	93,967	86,419	81,768	77,080	73,776	75,332	73,172	78,377	74,243	74,110	70,478	65,521	62,730	60,785	63,523	62,004	0	0	0
Technology
60,913	63,719	63,751	64,146	64,939	65,275	64,575	65,200	65,745	66,078	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Occupancy
22,237	24,243	25,216	26,680	26,948	27,197	28,824	29,321	29,900	30,721	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Marketing and advertising
8,896	8,964	9,182	9,509	10,006	10,323	10,991	11,727	12,095	12,425	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation
17,312	19,800	22,400	25,708	26,299	25,600	24,636	21,725	21,081	21,000	20,821	20,132	19,217	18,358	16,994	16,570	16,374	16,046	16,273	15,942	15,419	14,634	13,789	13,175	12,856	12,834	12,956	12,972	13,079	13,211	13,328	14,006	14,519	14,764	14,380	14,040	13,684	13,525	13,960	13,878	0	0	0
Subadvisory fees
15,040	14,931	14,801	14,686	14,654	14,805	14,875	14,674	14,185	13,174	12,045	11,045	10,176	9,572	9,032	8,771	8,840	9,134	9,373	9,271	8,946	8,436	7,927	7,391	9,613	12,220	15,051	18,305	19,222	21,009	22,601	24,971	28,076	29,885	31,066	30,256	28,831	27,823	26,570	25,574	0	0	0
Intangible asset impairment
-	-	-	-	-	-	-	0	-	1,500	0	0	0	-	0	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total
925,079	924,623	911,248	916,234	924,447	938,253	943,105	943,054	941,506	937,372	937,409	931,118	961,025	979,850	1,029,583	1,067,385	1,084,884	1,113,515	1,109,140	1,126,472	1,120,516	1,113,344	1,096,914	1,056,299	1,025,980	985,783	943,602	913,417	888,915	871,308	829,039	821,757	830,554	836,310	809,920	798,618	762,596	733,796	752,120	718,682	0	0	0
Operating income
149,559	145,692	161,226	180,678	197,649	222,048	239,442	233,822	226,689	219,772	218,172	238,102	240,746	259,173	277,601	312,822	370,105	403,116	443,568	459,685	472,285	484,415	478,698	456,844	418,235	384,571	354,631	331,092	313,574	302,497	277,555	271,813	283,275	286,222	291,566	277,334	260,630	244,470	229,496	207,755	0	0	0
Investment and other (loss) income
1,688	18,886	41,041	37,526	29,342	22,705	3,136	34,732	36,888	37,084	32,897	7,482	5,172	-8,058	5,994	-18,756	-19,434	-5,244	-4,896	10,771	16,862	16,790	18,108	24,525	19,427	19,904	12,502	9,922	10,245	9,817	10,734	3,924	5,051	2,105	4,657	12,768	8,731	8,619	5,555	3,783	0	0	0
Interest expense
6,196	6,195	6,215	6,208	6,207	6,461	7,817	9,058	10,295	11,279	11,156	11,152	11,140	11,122	11,108	11,081	11,070	11,068	11,059	11,063	11,053	11,042	10,979	11,042	11,145	11,244	11,378	11,372	11,339	11,311	11,313	11,324	11,334	11,408	11,503	11,794	12,070	12,728	12,950	12,972	0	0	0
Income before provision for income taxes
145,051	158,383	196,052	211,996	220,784	238,292	234,761	259,496	253,282	245,577	239,913	234,432	234,778	239,993	272,487	282,985	339,601	386,804	427,613	459,393	478,094	490,163	485,827	470,327	426,517	393,231	355,755	329,642	312,480	301,003	276,976	264,413	276,992	276,919	284,720	278,308	257,291	240,361	222,101	198,566	0	0	0
Provision for income taxes
40,380	41,418	49,161	52,091	51,185	55,480	67,735	84,129	97,453	101,368	93,726	88,294	79,787	81,884	91,680	108,925	131,667	149,226	164,104	169,356	172,514	176,832	174,630	165,297	152,518	140,233	129,166	119,356	112,926	108,475	99,567	99,749	103,583	104,714	106,912	99,338	94,139	86,933	78,094	71,718	0	0	0
Net income
104,671	116,965	146,891	159,905	169,599	182,812	167,026	175,367	155,829	144,209	146,187	146,138	154,991	158,109	180,807	174,060	207,934	237,578	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Net (loss) income attributable to redeemable noncontrolling interests
-254	1,973	1,368	1,131	295	-776	142	1,206	2,084	2,930	2,467	2,173	1,393	1,414	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to Waddell & Reed Financial, Inc.
104,925	114,992	145,523	158,774	169,304	183,588	166,884	174,161	153,745	141,279	143,720	143,965	153,598	156,695	179,452	173,683	207,433	237,578	263,509	290,037	305,580	313,331	311,197	305,030	273,999	252,998	227,560	167,667	157,428	150,952	137,653	168,961	177,213	175,459	175,970	0	0	-	0	-	-	-	-
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	192,528	179,549	0	0	-	0	-	-	-	-	-	-	-	-
Loss from discontinued operations net of tax expense of $0, $0 and $1,058, respectively
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-41,576	-42,084	0	0	-	0	-	-	-	-	-	-	-	-
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
440,601	445,144	448,959	466,455	483,976	507,906	529,772	534,619	535,106	531,850	528,172	532,768	542,770	557,112	590,728	627,201	672,235	709,562	731,895	754,460	762,170	768,102	759,663	727,439	690,034	650,442	611,977	584,782	562,776	549,231	533,952	529,083	533,855	530,599	527,788	505,452	479,519	457,538	428,561	399,968	0	0	0
Underwriting and distribution fees
Total Revenues
542,534	531,836	529,315	533,836	538,214	550,010	548,422	537,006	527,909	518,699	519,421	526,307	543,843	561,670	589,130	618,482	643,678	663,998	674,979	682,896	680,389	678,678	666,255	640,071	612,667	582,819	552,685	528,641	510,731	496,465	451,240	444,207	457,874	469,484	454,531	452,816	430,007	410,380	438,311	415,345	0	0	0
Shareholder service fees
Total Revenues
91,503	93,335	94,200	96,621	99,906	102,385	104,353	105,251	105,180	106,595	107,988	110,145	115,158	120,241	127,326	134,524	139,076	143,071	145,834	148,801	150,242	150,979	149,694	145,633	141,514	137,093	133,571	131,086	128,982	128,109	121,402	120,280	122,100	122,449	119,167	117,684	113,700	110,348	114,744	111,124	0	0	0