$BEN
FRANKLIN RESOURCES INC

2023 Q2 Form 10-Q Financial Statement

#000003877723000072 Filed on May 01, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $1.969B $1.927B
YoY Change -3.07% -7.39%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.536B $551.1M
YoY Change 156.65% -11.85%
% of Gross Profit
Research & Development $127.3M $128.0M
YoY Change 1.11% 0.87%
% of Gross Profit
Depreciation & Amortization $110.8M $113.8M
YoY Change 2.69% 41.02%
% of Gross Profit
Operating Expenses $1.621B $1.672B
YoY Change -0.33% 3.34%
Operating Profit $314.9M $255.1M
YoY Change -22.19% -44.9%
Interest Expense $3.900M $33.50M
YoY Change -86.51% 46.29%
% of Operating Profit 1.24% 13.13%
Other Income/Expense, Net $13.30M $175.9M
YoY Change -114.52% 5396.88%
Pretax Income $332.1M $431.0M
YoY Change 6.07% -7.55%
Income Tax $84.10M $92.90M
% Of Pretax Income 25.32% 21.55%
Net Earnings $217.3M $194.2M
YoY Change -15.25% -44.45%
Net Earnings / Revenue 11.04% 10.08%
Basic Earnings Per Share $0.44 $0.38
Diluted Earnings Per Share $0.44 $0.38
COMMON SHARES
Basic Shares Outstanding 500.9M shares 500.4M shares
Diluted Shares Outstanding 491.4M shares 491.4M shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.388B $4.279B
YoY Change -2.03% -14.68%
Cash & Equivalents $4.388B $4.279B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $1.342B $1.301B
Other Receivables $0.00 $0.00
Total Short-Term Assets $5.730B $5.579B
YoY Change -2.78% -12.62%
LONG-TERM ASSETS
Property, Plant & Equipment $1.237B $749.8M
YoY Change 62.97% 0.78%
Goodwill $6.012B $6.007B
YoY Change 3.53% 27.32%
Intangibles $4.995B $5.070B
YoY Change -3.52% 7.38%
Long-Term Investments $11.89B $1.138B
YoY Change 1496.79% 91.92%
Other Assets
YoY Change
Total Long-Term Assets $24.51B $23.51B
YoY Change 12.91% 20.87%
TOTAL ASSETS
Total Short-Term Assets $5.730B $5.579B
Total Long-Term Assets $24.51B $23.51B
Total Assets $30.23B $29.09B
YoY Change 9.56% 12.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.129B $979.2M
YoY Change 13.67% -15.51%
Accrued Expenses $1.956B $1.729B
YoY Change 9.3% 17.02%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.534B $3.195B
YoY Change 6.95% -1.03%
LONG-TERM LIABILITIES
Long-Term Debt $11.35B $10.52B
YoY Change 27.8% 23.91%
Other Long-Term Liabilities $1.314B $1.630B
YoY Change -2.23% 203.82%
Total Long-Term Liabilities $12.66B $12.15B
YoY Change 23.86% 34.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.534B $3.195B
Total Long-Term Liabilities $12.66B $12.15B
Total Liabilities $18.29B $15.68B
YoY Change 32.35% 25.41%
SHAREHOLDERS EQUITY
Retained Earnings $12.36B $12.26B
YoY Change 3.03% 3.1%
Common Stock $49.90M $50.10M
YoY Change 0.2% 0.2%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.95B $11.83B
YoY Change
Total Liabilities & Shareholders Equity $30.23B $29.09B
YoY Change 9.56% 12.59%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $217.3M $194.2M
YoY Change -15.25% -44.45%
Depreciation, Depletion And Amortization $110.8M $113.8M
YoY Change 2.69% 41.02%
Cash From Operating Activities $655.0M -$33.40M
YoY Change -20.1% -132.08%
INVESTING ACTIVITIES
Capital Expenditures $78.70M $15.40M
YoY Change -700.76% -159.69%
Acquisitions
YoY Change
Other Investing Activities -$977.5M -$1.137B
YoY Change -35.5% 186.47%
Cash From Investing Activities -$1.056B -$1.152B
YoY Change -30.9% 172.63%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 504.4M 961.7M
YoY Change 136.47% 18.93%
NET CHANGE
Cash From Operating Activities 655.0M -33.40M
Cash From Investing Activities -1.056B -1.152B
Cash From Financing Activities 504.4M 961.7M
Net Change In Cash 103.2M -224.1M
YoY Change -120.83% -145.73%
FREE CASH FLOW
Cash From Operating Activities $655.0M -$33.40M
Capital Expenditures $78.70M $15.40M
Free Cash Flow $576.3M -$48.80M
YoY Change -30.81% -137.57%

Facts In Submission

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dei Current Fiscal Year End Date
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--09-30
dei Security Exchange Name
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dei Document Fiscal Year Focus
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dei Entity File Number
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dei Entity Registrant Name
EntityRegistrantName
FRANKLIN RESOURCES, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
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dei Entity Address Address Line1
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dei Entity Address City Or Town
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dei Security12b Title
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CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
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24.04
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
7178000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
22.66
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
1766000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
24.40
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
374000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
25.66
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
21931000 shares
CY2023Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
281900000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y9M18D
CY2023Q1 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
32300000 usd
CY2022Q1 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
5100000 usd
us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
68800000 usd
us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
11200000 usd
CY2023Q1 us-gaap Gain Loss On Investments
GainLossOnInvestments
3000000.0 usd
CY2022Q1 us-gaap Gain Loss On Investments
GainLossOnInvestments
-23100000 usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
48500000 usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
2700000 usd
CY2023Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
85600000 usd
CY2022Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
27000000.0 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
118800000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
51700000 usd
CY2023Q1 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
13400000 usd
CY2022Q1 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
8600000 usd
us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
24000000.0 usd
us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
18300000 usd
CY2023Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-6500000 usd
CY2022Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
5800000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-33600000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
9700000 usd
CY2023Q1 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
2200000 usd
CY2022Q1 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
4300000 usd
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
9800000 usd
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
8900000 usd
CY2023Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
125600000 usd
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
27700000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
216700000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
84700000 usd
CY2023Q1 us-gaap Debt And Equity Securities Unrealized Gain Loss
DebtAndEquitySecuritiesUnrealizedGainLoss
13100000 usd
us-gaap Debt And Equity Securities Unrealized Gain Loss
DebtAndEquitySecuritiesUnrealizedGainLoss
78200000 usd
CY2022Q1 us-gaap Debt And Equity Securities Unrealized Gain Loss
DebtAndEquitySecuritiesUnrealizedGainLoss
-29200000 usd
us-gaap Debt And Equity Securities Unrealized Gain Loss
DebtAndEquitySecuritiesUnrealizedGainLoss
-34500000 usd

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0000038777-23-000072-xbrl.zip Edgar Link pending
ben-20230331.htm Edgar Link pending
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exhibit311q2fy23.htm Edgar Link pending
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