Balance Sheet Franklin Resources, Inc.

Equities

BEN

US3546131018

Investment Management & Fund Operators

Real-time Estimate Cboe BZX Other stock markets 18:12:14 12/09/2024 BST			5-day change	1st Jan Change
19.66 ^USD	+1.11%		+0.92%	-33.97%

01:03pm	Analyst recommendations: J.P. Morgan Chase, T-Mobile US, Blackstone, Equinix...
11:52am	Goldman Sachs Lifts Price Target on Franklin Resources to $23.75 From $23.50	MT

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Published financial data: FRANKLIN RESOURCES, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2019	2020	2021	2022	2023
Revenues	5.65B	5.54B	8.39B	8.22B	7.81B
Other Revenues, Total	128M	27.7M	37.2M	50.5M	40.1M
Total Revenues	5.77B	5.57B	8.43B	8.28B	7.85B
Cost of Goods Sold, Total	3.4B	3.33B	4.89B	4.76B	4.71B
Gross Profit	2.38B	2.24B	3.54B	3.52B	3.14B
Selling General & Admin Expenses, Total	784M	774M	1.23B	1.25B	1.3B
Amortization of Goodwill and Intangible Assets - (IS)	-	54M	232M	282M	341M
Other Operating Expenses, Total	784M	828M	1.47B	1.54B	1.64B
Operating Income	1.59B	1.41B	2.07B	1.98B	1.5B
Interest Expense, Total	-24.7M	-33.4M	-85.4M	-98.2M	-124M
Interest And Investment Income	128M	133M	439M	37.9M	276M
Net Interest Expenses	103M	100M	353M	-60.3M	152M
Income (Loss) On Equity Invest.	-10.4M	-98.1M	154M	36.2M	123M
Currency Exchange Gains (Loss)	13.1M	-22.3M	-11.9M	40.6M	-26.7M
Other Non Operating Income (Expenses)	20.4M	35.6M	13.8M	51.8M	44.2M
EBT, Excl. Unusual Items	1.72B	1.43B	2.58B	2.05B	1.79B
Merger & Related Restructuring Charges	-6.8M	-310M	-193M	-201M	-398M
Impairment of Goodwill	-	-23.7M	-	-	-
Gain (Loss) On Sale Of Investments	-36M	-46.2M	59.7M	-113M	20.8M
Asset Writedown	-13.3M	-31.7M	-	-3.2M	-
Legal Settlements	-13.9M	-	-	-	-
Other Unusual Items	-2M	2M	-4.1M	-1.1M	-
EBT, Incl. Unusual Items	1.65B	1.02B	2.44B	1.73B	1.42B
Income Tax Expense	442M	231M	350M	396M	312M
Earnings From Continuing Operations	1.21B	787M	2.09B	1.33B	1.1B
Net Income to Company	1.21B	787M	2.09B	1.33B	1.1B
Minority Interest	-9.8M	11.8M	-263M	-41.3M	-221M
Net Income - (IS)	1.2B	799M	1.83B	1.29B	883M
Preferred Dividend and Other Adjustments	10.9M	15.3M	77.7M	54.1M	37.7M
Net Income to Common Incl Extra Items	1.18B	784M	1.75B	1.24B	845M
Net Income to Common Excl. Extra Items	1.18B	784M	1.75B	1.24B	845M
Per Share Items
Net EPS - Basic	2.35	1.59	3.58	2.53	1.72
Basic EPS - Continuing Operations	2.35	1.59	3.58	2.53	1.72
Basic Weighted Average Shares Outstanding	504M	492M	490M	489M	490M
Net EPS - Diluted	2.35	1.59	3.57	2.53	1.72
Diluted EPS - Continuing Operations	2.35	1.59	3.57	2.53	1.72
Diluted Weighted Average Shares Outstanding	504M	492M	491M	489M	491M
Normalized Basic EPS	2.11	1.84	2.76	2.53	1.84
Normalized Diluted EPS	2.11	1.84	2.75	2.53	1.83
Dividend Per Share	1.04	1.08	1.12	1.16	1.2
Payout Ratio	43.37	66.74	30.56	45.14	68.79
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	1.64B	1.54B	2.38B	2.36B	1.95B
EBITA	1.61B	1.47B	2.3B	2.26B	1.84B
EBIT	1.59B	1.41B	2.07B	1.98B	1.5B
EBITDAR	1.77B	1.69B	2.58B	2.55B	2.15B
Total Revenues (As Reported)	5.77B	5.57B	8.43B	8.28B	7.85B
Effective Tax Rate - (Ratio)	26.84	22.67	14.3	22.91	22.06
Current Domestic Taxes	380M	184M	277M	220M	204M
Current Foreign Taxes	66.8M	54.2M	68.9M	78.6M	67.1M
Total Current Taxes	447M	238M	346M	298M	271M
Total Deferred Taxes	-4.9M	-7.1M	3.7M	98M	41.5M
Normalized Net Income	1.07B	904M	1.35B	1.24B	900M
Non-Cash Pension Expense	-	-	-	-	-
Supplemental Operating Expense Items
General and Administrative Expenses	650M	626M	1.02B	1.04B	1.07B
Net Rental Expense, Total	133M	148M	194M	192M	204M
Imputed Operating Lease Interest Expense	37.82M	18.23M	34.99M	38.6M	54.35M
Imputed Operating Lease Depreciation	95.48M	130M	159M	154M	150M
Stock-Based Comp., COGS (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	112M	122M	202M	222M	216M
Total Stock-Based Compensation	112M	122M	202M	222M	216M

Fiscal Period: September	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	5.8B	3.03B	4.36B	4.13B	3.69B
Trading Asset Securities, Total	44.2M	-	-	-	-
Total Cash And Short Term Investments	5.85B	3.03B	4.36B	4.13B	3.69B
Accounts Receivable, Total	740M	1.11B	1.43B	1.26B	1.35B
Total Receivables	740M	1.11B	1.43B	1.26B	1.35B
Other Current Assets, Total	2.56B	3.73B	6.11B	8.55B	10.35B
Total Current Assets	9.14B	7.87B	11.9B	13.95B	15.39B
Gross Property Plant And Equipment	1.72B	2.45B	2.4B	2.17B	2.16B
Accumulated Depreciation	-1.03B	-1.1B	-1.18B	-958M	-957M
Net Property Plant And Equipment	684M	1.35B	1.22B	1.21B	1.21B
Long-term Investments	1.51B	1.27B	1.51B	1.65B	2.22B
Goodwill	2.13B	4.5B	4.46B	5.78B	6B
Other Intangibles, Total	864M	4.91B	4.71B	5.08B	4.9B
Deferred Tax Assets Long-Term	20.8M	44.1M	132M	103M	132M
Other Long-Term Assets, Total	177M	275M	244M	293M	267M
Total Assets	14.53B	20.22B	24.17B	28.06B	30.12B
Liabilities
Accounts Payable, Total	223M	284M	479M	466M	530M
Accrued Expenses, Total	756M	1.33B	1.44B	1.46B	1.67B
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	-	135M	129M	120M	95.2M
Current Income Taxes Payable	825M	703M	694M	523M	514M
Other Current Liabilities	242M	730M	631M	683M	378M
Total Current Liabilities	2.05B	3.18B	3.37B	3.26B	3.18B
Long-Term Debt	697M	3.02B	3.4B	3.38B	3.05B
Long-Term Leases	-	486M	389M	409M	373M
Pension & Other Post Retirement Benefits	-	-	-	-	-
Deferred Tax Liability Non Current	120M	305M	312M	348M	450M
Other Non Current Liabilities	298M	1.71B	3.95B	6.85B	9.49B
Total Liabilities	3.16B	8.71B	11.42B	14.24B	16.55B
Common Stock, Total	49.9M	49.5M	50.2M	50M	49.6M
Retained Earnings	10.29B	10.47B	11.55B	12.05B	12.38B
Comprehensive Income and Other	-432M	-408M	-378M	-621M	-509M
Total Common Equity	9.91B	10.11B	11.22B	11.47B	11.92B
Minority Interest	1.46B	1.4B	1.52B	2.35B	1.66B
Total Equity	11.37B	11.52B	12.74B	13.82B	13.57B
Total Liabilities And Equity	14.53B	20.22B	24.17B	28.06B	30.12B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	498M	505M	502M	500M	495M
ECS Total Common Shares Outstanding	499M	495M	502M	500M	496M
Book Value / Share	19.84	20.43	22.37	22.97	24.03
Tangible Book Value	6.91B	700M	2.06B	614M	1.01B
Tangible Book Value Per Share	13.84	1.41	4.1	1.23	2.04
Total Debt	697M	3.64B	3.92B	3.9B	3.52B
Net Debt	-5.15B	611M	-440M	-230M	-166M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	-	-	-
Debt Equivalent Oper. Leases	1.07B	1.18B	1.55B	1.54B	1.63B
Minority Interest, Total (Incl. Fin. Div)	1.46B	1.4B	1.52B	2.35B	1.66B
Equity Method Investments, Total	933M	682M	814M	772M	1.09B
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	80.1M	83M	82.5M	78.7M	78.7M
Buildings, Total	789M	877M	868M	894M	933M
Machinery, Total	847M	374M	391M	314M	367M
Full Time Employees	9.6K	11.8K	10.3K	9.8K	9.2K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: September	2019	2020	2021	2022	2023
Net Income	1.2B	799M	1.83B	1.29B	883M
Depreciation & Amortization - CF	30.7M	74.5M	78.6M	95.8M	104M
Amortization of Goodwill and Intangible Assets - (CF)	14.7M	54M	232M	282M	341M
Depreciation & Amortization, Total	45.4M	128M	311M	378M	445M
Amortization of Deferred Charges, Total - (CF)	134M	80.3M	78.2M	64.8M	50M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	26.3M	36.8M	-392M	170M	80.9M
Asset Writedown & Restructuring Costs	-	55.4M	-	-	-
(Income) Loss On Equity Investments - (CF)	10.4M	98.1M	-154M	-36.2M	-123M
Stock-Based Compensation (CF)	112M	122M	172M	208M	183M
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	-1.46B	-792M	-498M	-192M	-445M
Change in Trading Asset Securities	-	-	-	-	-
Change In Accounts Receivable	-34.2M	136M	-182M	-86.7M	-63.2M
Change In Accounts Payable	233M	-26.8M	-26.8M	60M	-2.7M
Change In Income Taxes	-210M	-123M	-12.5M	-180M	-1.1M
Change in Other Net Operating Assets	154M	507M	119M	278M	132M
Cash from Operations	202M	1.02B	1.25B	1.96B	1.14B
Capital Expenditure	-234M	-104M	-79.3M	-90.3M	-149M
Cash Acquisitions	-684M	-3.23B	-393M	-1.35B	-550M
Divestitures	-108M	-	-	38.8M	-
Investment in Marketable and Equity Securities, Total	-50.7M	135M	-2.21B	-1.94B	-2.65B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-40.6M	42.7M	-	-
Other Investing Activities, Total	-	-	20.3M	19.9M	-232M
Cash from Investing	-1.08B	-3.24B	-2.62B	-3.33B	-3.58B
Short Term Debt Issued, Total	-	-	-	-	175M
Long-Term Debt Issued, Total	21.6M	635M	4.13B	5.18B	3.54B
Total Debt Issued	21.6M	635M	4.13B	5.18B	3.71B
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-3.5M	-141M	-2.07B	-3.05B	-1.4B
Total Debt Repaid	-3.5M	-141M	-2.07B	-3.05B	-1.4B
Issuance of Common Stock	23.3M	20.6M	22.3M	25.1M	23.3M
Repurchase of Common Stock	-754M	-218M	-208M	-181M	-256M
Common Dividends Paid	-519M	-533M	-560M	-583M	-607M
Common & Preferred Stock Dividends Paid	-519M	-533M	-560M	-583M	-607M
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	1.19B	431M	710M	185M	560M
Cash from Financing	-40.5M	194M	2.03B	1.58B	2.03B
Foreign Exchange Rate Adjustments	-37M	27.4M	-2.2M	-77.2M	34.3M
Net Change in Cash	-953M	-2B	657M	135M	-380M
Supplemental Items
Cash Interest Paid	29.7M	28.8M	219M	282M	501M
Cash Income Tax Paid (Refund)	521M	359M	498M	468M	233M
Levered Free Cash Flow	951M	572M	656M	-297M	-482M
Unlevered Free Cash Flow	966M	592M	709M	-236M	-405M
Change In Net Working Capital	86.7M	518M	1.1B	2.05B	1.9B
Net Debt Issued / Repaid	18.1M	494M	2.07B	2.14B	2.31B

Fiscal Period: September	2019	2020	2021	2022	2023
Profitability
Return on Assets	6.89	5.08	5.65	4.74	3.22
Return on Total Capital	8.29	6.49	8.17	7.19	5.38
Return On Equity %	10.66	6.88	17.34	10.04	8.05
Return on Common Equity	11.96	7.83	16.44	10.91	7.23
Margin Analysis
Gross Profit Margin %	41.16	40.24	42.01	42.48	40
SG&A Margin	13.57	13.9	14.65	15.15	16.55
EBITDA Margin %	28.38	27.68	28.28	28.48	24.79
EBITA Margin %	27.85	26.34	27.35	27.33	23.46
EBIT Margin %	27.59	25.37	24.6	23.92	19.11
Income From Continuing Operations Margin %	20.88	14.14	24.86	16.11	14.06
Net Income Margin %	20.71	14.35	21.73	15.61	11.25
Net Avail. For Common Margin %	20.52	14.08	20.81	14.96	10.77
Normalized Net Income Margin	18.44	16.24	16.03	14.97	11.46
Levered Free Cash Flow Margin	16.46	10.27	7.78	-3.59	-6.14
Unlevered Free Cash Flow Margin	16.73	10.64	8.42	-2.85	-5.16
Asset Turnover
Asset Turnover	0.4	0.32	0.37	0.32	0.27
Fixed Assets Turnover	9.48	5.48	6.56	6.82	6.5
Receivables Turnover (Average Receivables)	7.66	5.97	6.3	6.11	5.98
Short Term Liquidity
Current Ratio	4.47	2.47	3.53	4.28