As-Reported Financials

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As Reported Financials

Document Name As Of Date Currency Code (in thousands) 2016 Y 10-K 3/31/2016 USD 2017 Y 10-K 3/31/2017 USD 2018 Y 10-K 3/31/2018 USD 2019 Y 10-Q 3/31/2019 USD 2020 Q1 YTD 10-Q 6/30/2019 USD
Document Name As Of Date Currency Code 2016 Y 10-K 3/31/2016 USD 2017 Y 10-K 3/31/2017 USD 2018 Y 10-K 3/31/2018 USD 2019 Y 10-Q 3/31/2019 USD 2020 Q1 YTD 10-Q 6/30/2019 USD

ASSETS

Current Assets

Cash and cash equivalents 1,329,126 733,709 736,130 921,071 643,574
Cash and cash equivalents of consolidated investment vehicles 297 651 2,800 4,219 4,786
Restricted cash 19,580 16,046 30,428 21,213 22,201
Receivables
Investment advisory and related fees 334,922 433,192 475,594 425,470 425,321
Other 74,694 70,527 77,024 57,107 42,103
Investment securities 515,335 423,619 399,370 377,129 385,768
Investment securities of consolidated investment vehicles 48,715 49,901 140,133 129,627 135,973
Other 55,405 74,102 65,010 82,131 84,636
Other current assets of consolidated investment vehicles 6,970 0 1,893 1,889 1,502
Total Current Assets 2,385,044 1,801,747 1,928,382 2,019,856 1,745,864
Fixed assets, net 163,305 159,662 148,406 149,989 147,865
Intangible assets, net 3,146,485 4,034,380 3,797,659 3,386,759 3,383,308
Goodwill 1,479,516 1,924,889 1,932,355 1,883,554 1,896,349
Deferred income taxes 206,797 202,843 202,068 199,717 194,814
Right-of-use assets NA NA NA 0 324,779
Other 139,215 156,907 134,407 145,254 144,547
Other assets of consolidated investment vehicles 84 9,987 9,257 8,993 8,315
TOTAL ASSETS 7,520,446 8,290,415 8,152,534 7,794,122 7,845,841

LIABILITIES AND STOCKHOLDERS' EQUITY

LIABILITIES

Current Liabilities
Accrued compensation 430,736 486,679 476,061 571,301 270,678
Accounts payable and accrued expenses 201,572 181,793 175,583 182,921 174,025
Short-term borrowings 40,000 0 125,500 NA NA
Contingent consideration 26,396 22,316 NA NA NA
Current portion of long-term debt NA NA 0 250,301 249,966
Lease liabilities NA NA NA 0 77,660
Other 138,301 117,863 204,264 99,479 87,198
Other current liabilities of consolidated investment vehicles 4,548 736 634 5,742 7,354
Total Current Liabilities 841,553 809,387 982,042 1,109,744 866,881
Deferred compensation 65,897 87,757 92,422 85,548 97,640
Lease liabilities NA NA NA 0 315,448
Deferred income taxes 260,386 329,229 139,787 123,420 136,767
Contingent consideration 58,189 14,494 NA NA NA
Other (including unfunded pension benefit obligation) 141,886 138,737 132,042 122,044 61,313
Long-term debt, net 1,740,985 2,221,867 2,221,810 1,971,451 1,971,772
TOTAL LIABILITIES 3,108,896 3,601,471 3,568,103 3,412,207 3,449,821
REDEEMABLE NONCONTROLLING INTERESTS 175,785 677,772 732,295 692,376 664,757

STOCKHOLDERS' EQUITY

Common stock 10,701 9,573 8,461 8,556 8,666
Additional paid-in capital 2,693,113 2,385,726 1,976,364 2,039,671 2,084,666
Employee stock trust (26,263) (24,057) (21,996) (21,416) (20,239)
Deferred compensation employee stock trust 26,263 24,057 21,996 21,416 20,239
Retained earnings 1,576,242 1,694,859 1,894,762 1,742,764 1,748,106
Accumulated other comprehensive loss, net (66,493) (106,784) (55,182) (131,236) (140,655)
Total stockholders' equity attributable to Legg Mason, Inc. 4,213,563 3,983,374 3,824,405 3,659,755 3,700,783
Nonredeemable noncontrolling interest 22,202 27,798 27,731 29,784 30,480
TOTAL STOCKHOLDERS' EQUITY 4,235,765 4,011,172 3,852,136 3,689,539 3,731,263
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 7,520,446 8,290,415 8,152,534 7,794,122 7,845,841
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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