As-Reported Financials

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As Reported Financials

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

ASSETS

Current Assets

Cash and cash equivalents 1,329,126 733,709 736,130 921,071
Cash and cash equivalents of consolidated investment vehicles 297 651 2,800 4,219
Restricted cash 19,580 16,046 30,428 21,213
Receivables
Investment advisory and related fees 334,922 433,192 475,594 425,470
Other 74,694 70,527 77,024 57,107
Investment securities 515,335 423,619 399,370 377,129
Investment securities of consolidated investment vehicles 48,715 49,901 140,133 129,627
Other 55,405 74,102 65,010 82,131
Other current assets of consolidated investment vehicles 6,970 0 1,893 1,889
Total Current Assets 2,385,044 1,801,747 1,928,382 2,019,856
Fixed assets, net 163,305 159,662 148,406 149,989
Intangible assets, net 3,146,485 4,034,380 3,797,659 3,386,759
Goodwill 1,479,516 1,924,889 1,932,355 1,883,554
Deferred income taxes 206,797 202,843 202,068 199,717
Other 139,215 156,907 134,407 145,254
Other assets of consolidated investment vehicles 84 9,987 9,257 8,993
TOTAL ASSETS 7,520,446 8,290,415 8,152,534 7,794,122

LIABILITIES AND STOCKHOLDERS' EQUITY

LIABILITIES

Current Liabilities
Accrued compensation 430,736 486,679 476,061 571,301
Accounts payable and accrued expenses 201,572 181,793 175,583 182,921
Short-term borrowings 40,000 0 125,500 0
Contingent consideration 26,396 22,316 NA NA
Current portion of long-term debt NA NA 0 250,301
Other 138,301 117,863 204,264 99,479
Other current liabilities of consolidated investment vehicles 4,548 736 634 5,742
Total Current Liabilities 841,553 809,387 982,042 1,109,744
Deferred compensation 65,897 87,757 92,422 85,548
Deferred income taxes 260,386 329,229 139,787 123,420
Contingent consideration 58,189 14,494 NA NA
Other 141,886 138,737 132,042 122,044
Long-term debt, net 1,740,985 2,221,867 2,221,810 1,971,451
TOTAL LIABILITIES 3,108,896 3,601,471 3,568,103 3,412,207
REDEEMABLE NONCONTROLLING INTERESTS 175,785 677,772 732,295 692,376

STOCKHOLDERS' EQUITY

Common stock 10,701 9,573 8,461 8,556
Additional paid-in capital 2,693,113 2,385,726 1,976,364 2,039,671
Employee stock trust (26,263) (24,057) (21,996) (21,416)
Deferred compensation employee stock trust 26,263 24,057 21,996 21,416
Retained earnings 1,576,242 1,694,859 1,894,762 1,742,764
Accumulated other comprehensive loss, net (66,493) (106,784) (55,182) (131,236)
Total stockholders' equity attributable to Legg Mason, Inc. 4,213,563 3,983,374 3,824,405 3,659,755
Nonredeemable noncontrolling interest 22,202 27,798 27,731 29,784
TOTAL STOCKHOLDERS' EQUITY 4,235,765 4,011,172 3,852,136 3,689,539
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 7,520,446 8,290,415 8,152,534 7,794,122
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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