← LPL Financial Holdings Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $191.9m | $238.9m | $439.5m | $559.9m | $472.6m | $459.9m | $845.7m | $1.1b | $1.1b | $863.0m | |
| Depreciation, Depletion and Amortization | $75.9m | $84.1m | $87.7m | $95.8m | $109.7m | $151.4m | $199.8m | $247.0m | $308.5m | $393.4m | |
| Amortization of Debt Issuance Costs | $5.8m | $4.3m | $4.1m | $4.7m | $5.4m | $5.7m | $6.9m | $8.7m | $11.3m | $21.6m | |
| Amortization of Intangible Assets | $38.0m | $38.3m | $60.3m | $65.3m | $67.4m | $79.3m | $87.6m | $107.2m | $135.2m | $236.6m | |
| Depreciation | $75.9m | $84.1m | $87.7m | $95.8m | $109.7m | $151.4m | $199.8m | $247.0m | $308.5m | $393.4m | |
| Deferred Income Tax Expense (Benefit) | ($11.6m) | ($9.4m) | ($1.8m) | ($18.6m) | ($23.7m) | $18.5m | ($93.3m) | ($68.5m) | ($76.2m) | $52.9m | |
| Share-based Payment Arrangement, Noncash Expense | $24.9m | $28.5m | $29.2m | $32.9m | $34.0m | $44.2m | $52.6m | $68.7m | $91.8m | $79.4m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $1.2m | $3.5m | $4.8m | $5.9m | $9.4m | $20.2m | $25.2m | $40.0m | $41.3m | $33.5m | |
| Goodwill and Intangible Asset Impairment | $0 | — | — | — | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Impairment of Intangible Assets, Finite-lived | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Gain (Loss) on Extinguishment of Debt | $0 | ($22.4m) | $0 | ($3.2m) | $0 | ($24.4m) | $0 | $0 | — | — | |
| Income Tax Expense (Benefit) | $105.6m | $125.7m | $153.2m | $182.0m | $153.4m | $141.5m | $266.0m | $378.5m | $334.3m | $286.5m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Other Operating Assets | $30.0m | $23.2m | $51.7m | $62.7m | $103.9m | $136.2m | $148.3m | $213.0m | $435.3m | $413.3m | |
| Goodwill | $1.4b | $1.4b | $1.5b | $1.5b | $1.5b | $1.6b | $1.6b | $1.9b | $2.2b | $2.6b | |
| Operating Expenses | $3.7b | $3.8b | $4.5b | $4.7b | $5.1b | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | $6.9m | $84.4m | $51.5m | $40.2m | $30.2m | $42.0m | $28.7m | $18.7m | $28.7m | $22.2m | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | $388k | $608k | $0 | $0 | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $274.8m | $443.8m | $581.6m | $623.9m | $789.9m | $453.1m | $1.9b | $512.6m | $277.6m | ($411.4m) | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $127.6m | $111.9m | $132.7m | $156.4m | $155.5m | $216.0m | $306.6m | $403.3m | $562.5m | $570.4m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | $25.9m | $30.6m | $245.9m | $56.5m | $453.5m | $1.0b | $1.8b | |
| Net Cash Provided by (Used in) Investing Activities | ($125.3m) | ($437.7m) | ($161.8m) | ($181.0m) | ($187.5m) | ($458.6m) | ($376.4m) | ($860.2m) | ($1.6b) | ($2.4b) | |
| Cash flows from financing activities: | |||||||||||
| Repayments of Long-term Debt | — | — | — | — | $10.7m | — | — | — | — | — | |
| Proceeds from Issuance of Common Stock | — | — | — | — | — | — | — | $0 | $0 | $1.7b | |
| Payments for Repurchase of Common Stock | $25.0m | $113.7m | $417.9m | $500.4m | $150.0m | $90.0m | $325.0m | $1.1b | $170.1m | $100.0m | |
| Dividends paid | $89.1m | $90.3m | $88.4m | $82.6m | $79.1m | $80.1m | $79.8m | $92.2m | $89.7m | $94.4m | |
| Payments of Dividends | $89.1m | $90.3m | $88.4m | $82.6m | $79.1m | $80.1m | $79.8m | $92.2m | $89.7m | $94.4m | |
| Proceeds from (Payments for) Other Financing Activities | $0 | — | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | ($126.4m) | $57.3m | ($483.4m) | ($533.2m) | ($275.2m) | $278.8m | ($504.3m) | ($208.5m) | $1.4b | $3.2b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $134.9m | $67.0m | ($63.5m) | ($90.3m) | $327.3m | $273.3m | $1.1b | ($556.1m) | $102.9m | $370.7m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $134.9m | $67.0m | $1.6b | $1.5b | $1.8b | $2.1b | $3.1b | $2.6b | $2.7b | $3.1b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $92.3m | $92.7m | $123.6m | $126.9m | $106.9m | $103.7m | $118.8m | $191.3m | $268.4m | $379.9m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.