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Lpl Financial Holdings Inc. (LPLA) SEC Filing 10-Q Quarterly report for the period ending Tuesday, March 31, 2020

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LPLA Quarterly Reports

    10-Q Quarterly Report August 2022
    10-Q Quarterly Report May 2022
    10-Q Quarterly Report November 2021
    10-Q Quarterly Report August 2021
    10-Q Quarterly Report May 2021
    10-Q Quarterly Report November 2020
    10-Q Quarterly Report August 2020
  • 10-Q Quarterly Report May 2020
  • 10-Q Quarterly Report October 2019

Lpl Financial Holdings Inc.

CIK: 1397911 Ticker: LPLA


lpllogo541largenewnolinesa11.jpg
Investor Relations - Chris Koegel, (617) 897-4574
 For Immediate Release
Media Relations - Jeff Mochal, (704) 733-3589
 
 
investor.lpl.com/contactus.cfm
LPL Financial Announces First Quarter 2020 Results

First Quarter 2020 Key Performance Indicators
Earnings per share ("EPS") increased 7% year-over-year to $1.92.
Net Income was $156 million, up slightly year-over-year.
EPS Prior to Amortization of Intangible Assets** increased 7% year-over-year to $2.06.
Total Brokerage and Advisory Assets decreased 2% year-over-year to $670 billion, while the S&P 500 index was down 9% year-over-year.
Advisory assets increased by 3% year-over-year to $322 billion.
Total net new assets were an inflow of $12.5 billion, translating to a 6.5% annualized growth rate, bringing the past twelve-month average organic growth rate to 4.4%.
Total net new asset annualized growth rate was 5.3% in January, 7.4% in February, and 7.0% in March.
Net new advisory assets were an inflow of $12.5 billion, translating to a 13.6% annualized growth rate, and net new brokerage assets were flat for the quarter.
Recruited Assets(1) were $8.4 billion, contributing to a trailing twelve-month total of $36.2 billion.
Advisor count(2) was 16,763, up 299 from Q4 2019 and 574 year-over-year.
Year-to-date production retention rate was 99.0%, up from 96.2% a year ago.
Total client cash balances were $47.8 billion, up $14.1 billion or 42% sequentially.
Client cash balances as a percentage of total assets were 7.1%, up from 4.4% in Q4.
Gross Profit** increased 4% year-over-year to $576 million.
EBITDA** increased 1% year-over-year to $280 million.
EBITDA** as a percentage of Gross Profit** was 49% in Q1, bringing the past twelve-month average to 47%.
Core G&A** increased 5% year-over-year to $223 million, and decreased 3% sequentially.
Shareholder capital returns were $170 million, translating to $2.09 per share.
Share repurchases were $150 million for 1.8 million shares at an average purchase price of $83.
Weighted-average fully diluted share count was 81.2 million, down 6% year-over-year.
Dividends were $20 million.
Cash available for corporate use was $236 million, up from $204 million in Q4.
Credit Agreement Net Leverage Ratio(3) was 2.07x.



1

The following information was filed by Lpl Financial Holdings Inc. (LPLA) on Thursday, April 30, 2020 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Lpl Financial Holdings Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information Document
Condensed Consolidated Statements Of Cash Flows (Unaudited)
Condensed Consolidated Statements Of Cash Flows (Unaudited) Cash, Cash Equivalent And Restricted Cash Reconciliation
Condensed Consolidated Statements Of Financial Condition (Unaudited)
Condensed Consolidated Statements Of Financial Condition (Unaudited) (Parentheticals)
Condensed Consolidated Statements Of Income (Unaudited)
Condensed Consolidated Statements Of Stockholders' Equity (Unaudited)
Acquisitions (Details)
Acquisitions Acquisitions
Borrowings
Borrowings (Credit Agreement Outstanding) (Details)
Borrowings (Credit Agreement Textuals) (Details)
Borrowings Broker-Dealer Revolving Credit Facility (Details)
Borrowings Letters Of Credit (Details)
Borrowings Line Of Credit (Bank Loans Payable Textuals) (Details)
Commitments And Contingencies
Commitments And Contingencies Commitments And Contingencies (Legal) (Details)
Commitments And Contingencies Commitments And Contingencies (Other Commitments) (Details)
Earnings Per Share
Earnings Per Share (Details)
Earnings Per Share (Tables)
Earnings Per Share (Textuals) (Details)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements Financial Assets And Liabilities Measured On A Recurring And Nonrecurring Basis (Details)
Financial Instruments With Off-Balance-Sheet Credit Risk And Concentrations Of Credit Risk
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets Goodwill (Details)
Goodwill And Other Intangible Assets Goodwill And Other Intangible Assets (Details Textures)
Goodwill And Other Intangible Assets Intangible Assets (Components) (Details)
Held-To-Maturity Securities
Held-To-Maturity Securities (Details 1)
Held-To-Maturity Securities (Details)
Held-To-Maturity Securities (Tables)
Income Taxes
Income Taxes (Details)
Leases
Leases (Tables)
Leases Components Of Lease Expense (Details)
Leases Maturities Of Lease Liabilities (Details)
Leases Narrative (Details)
Leases Supplemental Cash Flow Information Related To Leases (Details)
Leases Supplemental Weighted-Average Information Related To Leases (Details)
Net Capital And Regulatory Requirements
Net Capital And Regulatory Requirements (Details)
Organization And Description Of The Company
Organization And Description Of The Company Consolidation, Parent Ownership Interest (Details)
Outstanding Borrowings (Tables)
Related Party Transactions
Related Party Transactions (Details)
Restricted Stock Activity (Details)
Revenue
Revenue (Tables)
Revenue Asset-Based Revenue Disaggregated By Product And Service (Details)
Revenue Commission Revenue Disaggregated By Product Category (Details)
Revenue Commission Revenue Disaggregated By Product Category And Timing Of Transfer Of Good Or Service (Details)
Revenue Transaction And Fee Revenue Disaggregated By Timing Of Transfer Of Good Or Service (Details)
Revenue Unearned Revenue Recognized (Details)
Share-Based Compensation
Share-Based Compensation (Tables)
Share-Based Compensation (Texuals) (Details)
Share-Based Compensation Outstanding Stock Options And Warrant Information (Details)
Share-Based Compensation Stock Option And Warrant Activity (Details)
Stockholders' Equity
Stockholders' Equity (Dividends Paid) (Details)
Stockholders' Equity (Tables)
Stockholdes' Equity (Share Repurchases) (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies Fair Value Of Financial Instruments (Details)
Summary Of Significant Accounting Policies Receivables From Advisor (Details)
Summary Of Significant Accounting Policies Receivables From And Payables To Clients (Details)
Summary Of Significant Accounting Policies Receivables From Others (Details)
Summary Of Significant Accounting Policies Summary Of Significant Accounting Policies (Tables)

Material Contracts, Statements, Certifications & more

Lpl Financial Holdings Inc. provided additional information to their SEC Filing as exhibits

Ticker: LPLA
CIK: 1397911
Form Type: 10-Q Quarterly Report
Accession Number: 0001397911-20-000100
Submitted to the SEC: Tue May 05 2020 4:08:18 PM EST
Accepted by the SEC: Tue May 05 2020
Period: Tuesday, March 31, 2020
Industry: Security And Commodity Brokers Dealers Exchanges And Services

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