As-Reported Financials

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As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 3/31/2016 USD 2016 Y 3/31/2017 USD 2017 Y 3/31/2018 USD 2018 Y 12/31/2018 USD 2019 Q3 YTD 12/31/2018 USD
Source Document Currency Code 2015 Y 3/31/2016 USD 2016 Y 3/31/2017 USD 2017 Y 3/31/2018 USD 2018 Y 12/31/2018 USD 2019 Q3 YTD 12/31/2018 USD

ASSETS

Current Assets

Cash and cash equivalents 669,552 1,329,126 733,709 736,130 835,168
Cash and cash equivalents of consolidated investment vehicles 2,808 297 651 2,800 3,528
Restricted cash 32,114 19,580 16,046 30,428 22,336
Receivables
Investment advisory and related fees 368,399 334,922 433,192 475,594 432,607
Other 118,850 74,694 70,527 77,024 61,396
Investment securities 454,735 515,335 423,619 399,370 331,588
Investment securities of consolidated investment vehicles 48,000 48,715 49,901 140,133 142,337
Deferred income taxes 169,706 NA NA NA NA
Other 51,002 55,405 74,102 65,010 76,185
Other current assets of consolidated investment vehicles 6,121 6,970 0 1,893 5,873
Total Current Assets 1,921,287 2,385,044 1,801,747 1,928,382 1,911,018
Fixed assets, net 179,606 163,305 159,662 148,406 150,230
Intangible assets, net 3,313,334 3,146,485 4,034,380 3,797,659 3,389,799
Goodwill 1,339,510 1,479,516 1,924,889 1,932,355 1,881,470
Deferred income taxes 161,978 206,797 202,843 202,068 189,867
Other 149,119 139,215 156,907 134,407 149,563
Other assets of consolidated investment vehicles NA 84 9,987 9,257 10,668
TOTAL ASSETS 7,064,834 7,520,446 8,290,415 8,152,534 7,682,615

LIABILITIES AND STOCKHOLDERS' EQUITY

LIABILITIES

Current Liabilities
Accrued compensation 400,245 430,736 486,679 476,061 522,363
Accounts payable and accrued expenses 208,210 201,572 181,793 175,583 203,881
Short-term borrowings 0 40,000 0 125,500 0
Contingent consideration 22,276 26,396 22,316 NA NA
Current portion of long-term debt NA NA NA 0 250,636
Other 177,879 138,301 117,863 204,264 93,050
Other current liabilities of consolidated investment vehicles 6,436 4,548 736 634 11,351
Total Current Liabilities 815,046 841,553 809,387 982,042 1,081,281
Deferred compensation 51,706 65,897 87,757 92,422 81,957
Deferred income taxes 362,209 260,386 329,229 139,787 99,544
Contingent consideration 88,508 58,189 14,494 NA NA
Other (including unfunded pension benefit obligation) 167,998 141,886 138,737 132,042 119,069
Long-term debt, net 1,048,946 1,740,985 2,221,867 2,221,810 1,971,131
TOTAL LIABILITIES 2,534,413 3,108,896 3,601,471 3,568,103 3,352,982
REDEEMABLE NONCONTROLLING INTERESTS 45,520 175,785 677,772 732,295 676,950

STOCKHOLDERS' EQUITY

Common stock 11,147 10,701 9,573 8,461 8,553
Additional paid-in capital 2,844,441 2,693,113 2,385,726 1,976,364 2,028,586
Employee stock trust (29,570) (26,263) (24,057) (21,996) (21,383)
Deferred compensation employee stock trust 29,570 26,263 24,057 21,996 21,383
Retained earnings 1,690,055 1,576,242 1,694,859 1,894,762 1,723,817
Accumulated other comprehensive loss, net (60,742) (66,493) (106,784) (55,182) (135,767)
Total stockholders' equity attributable to Legg Mason, Inc. 4,484,901 4,213,563 3,983,374 3,824,405 3,625,189
Nonredeemable noncontrolling interest 0 22,202 27,798 27,731 27,494
TOTAL STOCKHOLDERS' EQUITY 4,484,901 4,235,765 4,011,172 3,852,136 3,652,683
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 7,064,834 7,520,446 8,290,415 8,152,534 7,682,615
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.

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