$BEN
FRANKLIN RESOURCES INC

2019 Q4 Form 10-Q Financial Statement

#000003877720000011 Filed on January 30, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2018 Q4
Revenue $1.413B $1.412B
YoY Change 0.09% -12.63%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $525.1M $552.9M
YoY Change -5.03% -10.46%
% of Gross Profit
Research & Development $62.50M $60.90M
YoY Change 2.63% 10.73%
% of Gross Profit
Depreciation & Amortization $22.00M $20.30M
YoY Change 8.37% -2.87%
% of Gross Profit
Operating Expenses $1.016B $1.000B
YoY Change 1.63% -3.33%
Operating Profit $372.9M $411.5M
YoY Change -9.38% -29.19%
Interest Expense $6.100M $6.400M
YoY Change -4.69% -40.74%
% of Operating Profit 1.64% 1.56%
Other Income/Expense, Net $72.70M -$65.50M
YoY Change -210.99% -192.91%
Pretax Income $445.6M $346.0M
YoY Change 28.79% -46.9%
Income Tax $97.50M $86.00M
% Of Pretax Income 21.88% 24.86%
Net Earnings $350.5M $275.9M
YoY Change 27.04% -147.3%
Net Earnings / Revenue 24.81% 19.55%
Basic Earnings Per Share $0.70 $0.54
Diluted Earnings Per Share $0.70 $0.54
COMMON SHARES
Basic Shares Outstanding 494.7M shares 510.3M shares
Diluted Shares Outstanding 495.3M shares 510.8M shares

Balance Sheet

Concept 2019 Q4 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.976B $6.659B
YoY Change -10.26% -25.76%
Cash & Equivalents $5.976B $6.659B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $788.0M $806.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $6.764B $7.465B
YoY Change -9.39% -25.86%
LONG-TERM ASSETS
Property, Plant & Equipment $691.9M $541.3M
YoY Change 27.82% 4.78%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $970.7M $819.8M
YoY Change 18.41% -11.08%
Other Assets
YoY Change
Total Long-Term Assets $8.238B $6.486B
YoY Change 27.02% -18.98%
TOTAL ASSETS
Total Short-Term Assets $6.764B $7.465B
Total Long-Term Assets $8.238B $6.486B
Total Assets $15.00B $13.95B
YoY Change 7.54% -22.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $253.0M $209.0M
YoY Change 21.05% -45.14%
Accrued Expenses $672.0M $219.0M
YoY Change 206.85% 3.79%
Deferred Revenue
YoY Change
Short-Term Debt $99.00M $33.00M
YoY Change 200.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.053B $1.672B
YoY Change 22.79% -17.55%
LONG-TERM LIABILITIES
Long-Term Debt $697.0M $698.0M
YoY Change -0.14% -36.31%
Other Long-Term Liabilities $495.0M $439.0M
YoY Change 12.76% -18.25%
Total Long-Term Liabilities $1.192B $1.137B
YoY Change 4.84% -30.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.053B $1.672B
Total Long-Term Liabilities $1.192B $1.137B
Total Liabilities $3.377B $2.942B
YoY Change 14.8% -22.3%
SHAREHOLDERS EQUITY
Retained Earnings $10.41B $10.09B
YoY Change 3.17% -15.72%
Common Stock $49.80M $51.10M
YoY Change -2.54% -7.43%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.08B $9.745B
YoY Change
Total Liabilities & Shareholders Equity $15.00B $13.95B
YoY Change 7.54% -22.82%

Cashflow Statement

Concept 2019 Q4 2018 Q4
OPERATING ACTIVITIES
Net Income $350.5M $275.9M
YoY Change 27.04% -147.3%
Depreciation, Depletion And Amortization $22.00M $20.30M
YoY Change 8.37% -2.87%
Cash From Operating Activities $31.70M $254.8M
YoY Change -87.56% -20.47%
INVESTING ACTIVITIES
Capital Expenditures $25.70M $25.70M
YoY Change 0.0% 33.85%
Acquisitions $1.000M $0.00
YoY Change
Other Investing Activities -$3.900M -$73.40M
YoY Change -94.69% 86.29%
Cash From Investing Activities -$29.60M -$99.10M
YoY Change -70.13% 69.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $121.4M $321.4M
YoY Change -62.23% 61.75%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$9.300M -$396.1M
YoY Change -97.65% 675.15%
NET CHANGE
Cash From Operating Activities $31.70M $254.8M
Cash From Investing Activities -$29.60M -$99.10M
Cash From Financing Activities -$9.300M -$396.1M
Net Change In Cash $18.70M -$240.4M
YoY Change -107.78% -214.1%
FREE CASH FLOW
Cash From Operating Activities $31.70M $254.8M
Capital Expenditures $25.70M $25.70M
Free Cash Flow $6.000M $229.1M
YoY Change -97.38% -23.94%

Facts In Submission

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CY2019Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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