$BEN
FRANKLIN RESOURCES INC

2024 Q3 Form 10-Q Financial Statement

#000003877724000115 Filed on July 26, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $2.123B
YoY Change 7.82%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $661.2M
YoY Change -56.95%
% of Gross Profit
Research & Development $156.6M
YoY Change 23.02%
% of Gross Profit
Depreciation & Amortization $113.0M
YoY Change 1.99%
% of Gross Profit
Operating Expenses $1.900B
YoY Change 17.22%
Operating Profit $222.5M
YoY Change -29.34%
Interest Expense $25.70M
YoY Change 558.97%
% of Operating Profit 11.55%
Other Income/Expense, Net $77.60M
YoY Change 483.46%
Pretax Income $300.1M
YoY Change -9.64%
Income Tax $68.10M
% Of Pretax Income 22.69%
Net Earnings $174.0M
YoY Change -19.93%
Net Earnings / Revenue 8.2%
Basic Earnings Per Share $0.32
Diluted Earnings Per Share $0.32
COMMON SHARES
Basic Shares Outstanding 523.0M shares 526.1M shares
Diluted Shares Outstanding 517.2M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.112B
YoY Change -6.29%
Cash & Equivalents $4.409B $4.112B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $1.571B
Other Receivables $0.00
Total Short-Term Assets $5.682B
YoY Change -0.83%
LONG-TERM ASSETS
Property, Plant & Equipment $946.4M $904.8M
YoY Change 18.29% -26.86%
Goodwill $6.211B $6.199B
YoY Change 3.46% 3.1%
Intangibles $4.802B $5.268B
YoY Change -2.04% 5.46%
Long-Term Investments $1.220B $1.227B
YoY Change 11.98% -89.68%
Other Assets
YoY Change
Total Long-Term Assets $27.57B
YoY Change 12.52%
TOTAL ASSETS
Total Short-Term Assets $5.682B
Total Long-Term Assets $27.57B
Total Assets $32.46B $33.25B
YoY Change 7.78% 9.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.249B
YoY Change 10.62%
Accrued Expenses $2.667B
YoY Change 36.37%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $57.30M
YoY Change
Total Short-Term Liabilities $4.356B
YoY Change 23.28%
LONG-TERM LIABILITIES
Long-Term Debt $12.62B
YoY Change 11.17%
Other Long-Term Liabilities $961.0M
YoY Change -26.85%
Total Long-Term Liabilities $13.58B
YoY Change 7.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.356B
Total Long-Term Liabilities $13.58B
Total Liabilities $17.90B $18.35B
YoY Change 8.17% 0.37%
SHAREHOLDERS EQUITY
Retained Earnings $11.93B $12.32B
YoY Change -3.63% -0.32%
Common Stock $1.000B $1.037B
YoY Change 1916.13% 1977.76%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $12.51B $12.87B
YoY Change
Total Liabilities & Shareholders Equity $32.46B $33.25B
YoY Change 7.78% 9.99%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $174.0M
YoY Change -19.93%
Depreciation, Depletion And Amortization $113.0M
YoY Change 1.99%
Cash From Operating Activities $528.4M
YoY Change -19.33%
INVESTING ACTIVITIES
Capital Expenditures $46.10M
YoY Change -41.42%
Acquisitions
YoY Change
Other Investing Activities -$765.8M
YoY Change -21.66%
Cash From Investing Activities -$811.9M
YoY Change -23.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 274.3M
YoY Change -45.62%
NET CHANGE
Cash From Operating Activities 528.4M
Cash From Investing Activities -811.9M
Cash From Financing Activities 274.3M
Net Change In Cash -9.200M
YoY Change -108.91%
FREE CASH FLOW
Cash From Operating Activities $528.4M
Capital Expenditures $46.10M
Free Cash Flow $482.3M
YoY Change -16.31%

Facts In Submission

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CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2122900000 usd
CY2024Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
180100000 usd
CY2023Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
136500000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
507200000 usd
CY2024Q2 us-gaap Operating Expenses
OperatingExpenses
1900400000 usd
CY2024Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
222500000 usd
us-gaap Net Income Loss
NetIncomeLoss
549500000 usd
CY2024Q2 us-gaap Profit Loss
ProfitLoss
232000000.0 usd
us-gaap Profit Loss
ProfitLoss
687300000 usd
CY2023Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-600000 usd
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2023Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
495937891 shares
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
495937891 shares
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
13635200000 usd
CY2023Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.31
CY2023Q4 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
167600000 usd
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
86300000 usd
CY2024Q1 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
965900000 usd
CY2024Q2 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
189000000.0 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-8700000 usd
CY2024Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.31
CY2024Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
167000000.0 usd
CY2024Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
101500000 usd
CY2024Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
4500000 usd
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
58900000 usd
CY2024Q2 us-gaap Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
29400000 usd
CY2024Q2 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
48900000 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
13635200000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
12298900000 usd
CY2022Q4 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
169100000 usd
CY2022Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
124700000 usd
CY2022Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.30
CY2022Q4 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
153600000 usd
CY2022Q4 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
14200000 usd
CY2022Q4 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
33600000 usd
CY2022Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
35600000 usd
CY2022Q4 us-gaap Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
97100000 usd
CY2022Q4 ben Consolidation Deconsolidation Of Investment Products
ConsolidationDeconsolidationOfInvestmentProducts
-35700000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
12555500000 usd
CY2023Q1 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
189900000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
17900000 usd
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.30
CY2023Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
153800000 usd
CY2023Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
3600000 usd
CY2023Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
25300000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
40800000 usd
CY2023Q1 us-gaap Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
50100000 usd
CY2023Q1 ben Consolidation Deconsolidation Of Investment Products
ConsolidationDeconsolidationOfInvestmentProducts
-324200000 usd
CY2023Q1 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
44700000 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
12442600000 usd
CY2023Q2 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
219800000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
15900000 usd
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.30
CY2023Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
152900000 usd
CY2023Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
50900000 usd
CY2023Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
3600000 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
12300000 usd
CY2023Q2 us-gaap Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
-11300000 usd
CY2023Q2 ben Consolidation Deconsolidation Of Investment Products
ConsolidationDeconsolidationOfInvestmentProducts
-700000 usd
CY2023Q2 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
60800000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
12539200000 usd
us-gaap Profit Loss
ProfitLoss
663600000 usd
us-gaap Profit Loss
ProfitLoss
687300000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
194600000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
137900000 usd
us-gaap Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
43300000 usd
us-gaap Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
37200000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
86500000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
78300000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
254400000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
254600000 usd
ben Net Gains Losses On Investments
NetGainsLossesOnInvestments
17300000 usd
ben Net Gains Losses On Investments
NetGainsLossesOnInvestments
62300000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
122300000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
43500000 usd
ben Gains Losses On Investments Of Consolidated Investment Products
GainsLossesOnInvestmentsOfConsolidatedInvestmentProducts
-19400000 usd
ben Gains Losses On Investments Of Consolidated Investment Products
GainsLossesOnInvestmentsOfConsolidatedInvestmentProducts
-116000000.0 usd
ben Purchase And Liquidation Of Investments By Consolidated Investment Products
PurchaseAndLiquidationOfInvestmentsByConsolidatedInvestmentProducts
459500000 usd
ben Purchase And Liquidation Of Investments By Consolidated Investment Products
PurchaseAndLiquidationOfInvestmentsByConsolidatedInvestmentProducts
833200000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-35000000.0 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
50800000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-135300000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-58600000 usd
us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
61400000 usd
us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
69800000 usd
us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
-23800000 usd
us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
-6400000 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-35000000.0 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-84300000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-127800000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-58900000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-55800000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
48300000 usd
ben Increase Decrease In Other Operating Liabilities Of Consolidated Investment Products
IncreaseDecreaseInOtherOperatingLiabilitiesOfConsolidatedInvestmentProducts
-93700000 usd
ben Increase Decrease In Other Operating Liabilities Of Consolidated Investment Products
IncreaseDecreaseInOtherOperatingLiabilitiesOfConsolidatedInvestmentProducts
1300000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
413100000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
324700000 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
952000000.0 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
665100000 usd
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
1149500000 usd
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
524300000 usd
ben Purchase Of Investments By Consolidated Collateralized Loan Obligations
PurchaseOfInvestmentsByConsolidatedCollateralizedLoanObligations
4099100000 usd
ben Purchase Of Investments By Consolidated Collateralized Loan Obligations
PurchaseOfInvestmentsByConsolidatedCollateralizedLoanObligations
3465600000 usd
ben Liquidation Of Investments By Consolidated Collateralized Loan Obligations
LiquidationOfInvestmentsByConsolidatedCollateralizedLoanObligations
3034000000 usd
ben Liquidation Of Investments By Consolidated Collateralized Loan Obligations
LiquidationOfInvestmentsByConsolidatedCollateralizedLoanObligations
1230300000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
107300000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
121500000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
-175100000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
500500000 usd
ben Payments Of Contingent Consideration Asset
PaymentsOfContingentConsiderationAsset
0 usd
ben Payments Of Contingent Consideration Asset
PaymentsOfContingentConsiderationAsset
5500000 usd
ben Payments Of Deferred Consideration Liability
PaymentsOfDeferredConsiderationLiability
434900000 usd
ben Payments Of Deferred Consideration Liability
PaymentsOfDeferredConsiderationLiability
241800000 usd
ben Cash And Cash Equivalents Increase Decrease Due To Consolidation And Deconsolidation Of Investment Products
CashAndCashEquivalentsIncreaseDecreaseDueToConsolidationAndDeconsolidationOfInvestmentProducts
12000000.0 usd
ben Cash And Cash Equivalents Increase Decrease Due To Consolidation And Deconsolidation Of Investment Products
CashAndCashEquivalentsIncreaseDecreaseDueToConsolidationAndDeconsolidationOfInvestmentProducts
-43800000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1222700000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3278200000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
7300000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
13400000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
489300000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
454800000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
172000000.0 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
70000000.0 usd
us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
0 usd
us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
174800000 usd
ben Payments For Securities Sold Under Agreements To Repurchase
PaymentsForSecuritiesSoldUnderAgreementsToRepurchase
-45800000 usd
ben Payments For Securities Sold Under Agreements To Repurchase
PaymentsForSecuritiesSoldUnderAgreementsToRepurchase
0 usd
ben Proceeds From Issuance Of Debt By Consolidated Investment Products
ProceedsFromIssuanceOfDebtByConsolidatedInvestmentProducts
1617600000 usd
ben Proceeds From Issuance Of Debt By Consolidated Investment Products
ProceedsFromIssuanceOfDebtByConsolidatedInvestmentProducts
3213600000 usd
ben Payments On Debt By Consolidated Investment Products
PaymentsOnDebtByConsolidatedInvestmentProducts
609200000 usd
ben Payments On Debt By Consolidated Investment Products
PaymentsOnDebtByConsolidatedInvestmentProducts
926900000 usd
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
5100000 usd
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
7600000 usd
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
202900000 usd
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
550100000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
506400000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2492600000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12500000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
66000000.0 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-290700000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-394900000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4402400000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4782500000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4111700000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4387600000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
357900000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
225400000 usd
us-gaap Interest Paid Net
InterestPaidNet
67500000 usd
us-gaap Interest Paid Net
InterestPaidNet
55500000 usd
ben Cash Interest Paid By Consolidated Investment Products
CashInterestPaidByConsolidatedInvestmentProducts
522200000 usd
ben Cash Interest Paid By Consolidated Investment Products
CashInterestPaidByConsolidatedInvestmentProducts
232200000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
174000000.0 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
227500000 usd
us-gaap Net Income Loss
NetIncomeLoss
549500000 usd
us-gaap Net Income Loss
NetIncomeLoss
587300000 usd
CY2024Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
7500000 usd
CY2024Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
7500000 usd
CY2023Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
10200000 usd
CY2023Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
10200000 usd
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
23800000 usd
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
23800000 usd
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
26700000 usd
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
26700000 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
166500000 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
166500000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
217300000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
217300000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
525700000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
525700000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
560600000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
560600000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
516500000 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
490700000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
507200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
490300000 shares
CY2024Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
700000 shares
CY2023Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
700000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
800000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
700000 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
517200000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
491400000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
508000000.0 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
491000000.0 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.32
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.44
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.04
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.14
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.32
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.44
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.03
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.14
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2122900000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6266800000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1969000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5863300000 usd
ben Revenue From Sponsored Funds
RevenueFromSponsoredFunds
0.82
CY2024Q2 ben Revenue From Sponsored Funds
RevenueFromSponsoredFunds
0.82
CY2023Q2 ben Revenue From Sponsored Funds
RevenueFromSponsoredFunds
0.83
ben Revenue From Sponsored Funds
RevenueFromSponsoredFunds
0.83
CY2024Q2 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
720400000 usd
CY2023Q3 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
872800000 usd
CY2024Q2 us-gaap Equity Method Investments
EquityMethodInvestments
1227200000 usd
CY2023Q3 us-gaap Equity Method Investments
EquityMethodInvestments
1089200000 usd
CY2024Q2 us-gaap Other Investments
OtherInvestments
276900000 usd
CY2023Q3 us-gaap Other Investments
OtherInvestments
260000000.0 usd
CY2024Q2 us-gaap Investments
Investments
2224500000 usd
CY2023Q3 us-gaap Investments
Investments
2222000000 usd
CY2024Q2 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
135900000 usd
CY2024Q2 us-gaap Securities Borrowed Fair Value Of Collateral
SecuritiesBorrowedFairValueOfCollateral
148600000 usd
CY2024Q2 us-gaap Fair Value Investments Entities That Calculate Net Asset Value Per Share Unfunded Committments
FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments
14000000.0 usd
CY2023Q3 us-gaap Fair Value Investments Entities That Calculate Net Asset Value Per Share Unfunded Committments
FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments
43100000 usd
CY2024Q2 ben Number Of Consolidated Investmentproducts
NumberOfConsolidatedInvestmentproducts
85 cips
CY2024Q2 ben Number Of Collateralized Obligation Consolidated Deconsolidated
NumberOfCollateralizedObligationConsolidatedDeconsolidated
25 cips
CY2023Q3 ben Number Of Consolidated Investmentproducts
NumberOfConsolidatedInvestmentproducts
70 cips
CY2023Q3 ben Number Of Collateralized Obligation Consolidated Deconsolidated
NumberOfCollateralizedObligationConsolidatedDeconsolidated
20 cips
CY2023Q4 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
396600000 usd
CY2024Q2 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P16Y
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
707300000 usd
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
15881000 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
23.09
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
12536000 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
25.86
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
1417000 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
23.86
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
805000 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
22.11
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
26195000 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
24.40
CY2024Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
254600000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y
CY2024Q2 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
39800000 usd
CY2023Q2 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
42700000 usd
us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
132600000 usd
us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
111500000 usd
CY2024Q2 us-gaap Gain Loss On Investments
GainLossOnInvestments
-24300000 usd
CY2023Q2 us-gaap Gain Loss On Investments
GainLossOnInvestments
13800000 usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
17300000 usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
62300000 usd
CY2024Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
41000000.0 usd
CY2023Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-9100000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
122300000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
43500000 usd
CY2024Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
3100000 usd
CY2023Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-5100000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-11500000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-19400000 usd
CY2024Q2 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
11100000 usd
CY2023Q2 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
11100000 usd
us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
32800000 usd
us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
35100000 usd
CY2024Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
1200000 usd
CY2023Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-6600000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-7500000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-40200000 usd
CY2024Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
2600000 usd
CY2023Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
3000000.0 usd
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
14200000 usd
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
7500000 usd
CY2024Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
74500000 usd
CY2023Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
49800000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
300200000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
200300000 usd
CY2024Q2 us-gaap Debt And Equity Securities Unrealized Gain Loss
DebtAndEquitySecuritiesUnrealizedGainLoss
-6900000 usd
us-gaap Debt And Equity Securities Unrealized Gain Loss
DebtAndEquitySecuritiesUnrealizedGainLoss
76000000 usd
CY2023Q2 us-gaap Debt And Equity Securities Unrealized Gain Loss
DebtAndEquitySecuritiesUnrealizedGainLoss
17000000 usd
us-gaap Debt And Equity Securities Unrealized Gain Loss
DebtAndEquitySecuritiesUnrealizedGainLoss
95700000 usd

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ben-20240630.htm Edgar Link pending
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exhibit311q3fy24.htm Edgar Link pending
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ben-20240630_htm.xml Edgar Link completed
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ben-20240630_def.xml Edgar Link unprocessable
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