Franklin Resources Inc (BEN) 10-K Annual Report November 2013

San Mateo, CA, October 24, 2013 - Franklin Resources, Inc. (the “Company”) [NYSE: BEN] today announced net income¹ of $509.0 million or $0.80 per diluted share for the quarter ended September 30, 2013, as compared to $552.3 million or $0.86 per diluted share for the previous quarter and $492.1 million or $0.77 per diluted share for the quarter ended September 30, 2012. Net income¹ for the year ended September 30, 2013 was $2,150.2 million or $3.37 per diluted share, as compared to $1,931.4 million or $2.98 per diluted share for the previous year.



	Quarter Ended						% Change		Quarter Ended			% Change		Fiscal Year Ended September 30,						% Change
	30-Sep-13			30-Jun-13			Qtr. vs. Qtr.		30-Sep-12			Year vs. Year		2013			2012			% Change
Financial Results
(dollars in millions, except per share data)
Operating revenues	$	1,984.8		$	2,084.8		(5	)%	$	1,816.2		9	%	$	7,985.0		$	7,101.0		12	%
Operating income	$	735.1		$	771.7		(5	)%	$	622.7		18	%	$	2,921.3		$	2,515.2		16	%
Operating margin	37.0		%	37.0		%			34.3		%			36.6		%	35.4		%

Net income¹	$	509.0		$	552.3		(8	)%	$	492.1		3	%	$	2,150.2		$	1,931.4		11	%
Diluted earnings per share	$	0.80		$	0.86		(7	)%	$	0.77		4	%	$	3.37		$	2.98		13	%

Assets Under Management
(in billions)
Ending	$	844.7		$	815.0		4	%	$	749.9		13	%	$	844.7		$	749.9		13	%
Average²	827.8			833.2			(1	)%	726.7			14	%	808.2			705.7			15	%
Net new flows	(2.7		)	8.4			NM		2.9			NM		24.3			(2.3		)	NM

Non-operating income for the quarter ended September 30, 2013 included $(0.1) million of investment and other income (losses), net, as compared to $10.3 million for the prior quarter and $64.1 million for the quarter ended September 30, 2012. Non-operating income for the year ended September 30, 2013 included $152.2 million of investment and other income, net, as compared to $199.7 million for the previous year.

Total assets under management (“AUM”) were $844.7 billion at September 30, 2013, up $29.7 billion or 4% during the quarter. The increase was primarily due to $33.1 billion in market appreciation. AUM increased $94.8 billion or 13% year over year, primarily due to $66.1 billion of market appreciation and $24.3 billion of net new flows.

The following information was filed by Franklin Resources Inc (BEN) on Thursday, October 24, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

Franklin Resources Inc provided additional information to their SEC Filing as exhibits

Exhibit 10.2: Representative Form Of Amended And Restated Investment Management Agreement

Exhibit 10.11: Representative Form Of Subcontract For Fund Administrative Services

Exhibit 10.12: Representative Form Of Amended And Restated Multiple Class Plan

Exhibit 10.13: Representative Form Of Investment Management Agreement

Exhibit 10.14: Representative Form Of Investment Management With Custody Agreement

Exhibit 10.15: Representative Form Of Custody-Only Agreement

Exhibit 10.16: Representative Form Of Participation Agreement

Exhibit 10.18: Representative Form Of Administrative Services Agreement

Exhibit 10.21: Representative Form Of Notice Of Rsu Award And Rsu Award Agreement

Exhibit 10.28: Non-Employee Director Compensation As Of October 1, 2013

Exhibit 12: Computation Of Ratios Of Earnings To Fixed Charges

Exhibit 21: List Of Subsidiaries

Exhibit 23: Consent Of Independent Registered Public Accounting Firm

Exhibit 31.1: Certification Of Chief Executive Officer Pursuant To Section 302

Exhibit 31.2: Certification Of Chief Financial Officer Pursuant To Section 302

Exhibit 32.1: Certification Of Chief Executive Officer Pursuant To 18 U.S.C. Section 1350

Exhibit 32.2: Certification Of Chief Financial Officer Pursuant To 18 U.S.C. Section 1350

Ticker: BEN
CIK: 38777
Form Type: 10-K Annual Report
Accession Number: 0000038777-13-000227
Submitted to the SEC: Tue Nov 12 2013 3:38:49 PM EST
Accepted by the SEC: Tue Nov 12 2013
Period: Monday, September 30, 2013
Industry: Investment Advice

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Franklin Resources Inc (BEN) SEC Filing 10-K Annual report for the fiscal year ending Monday, September 30, 2013

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