Legg Mason Balance Sheet - Annual (NYSE:LM)

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$29.1 $0.27 (0.94%) LM stock closing price Oct 15, 2018 (Closing)

The fundamental analysis of this company requires a thorough look at Legg Mason balance sheet. A balance sheet can help evaluate the financial performance of a company. Ratios like return on total assets and current ratio, which also uses cash on hand can be used to measure the operating efficiency of a firm, and can be used to conduct a more accurate Legg Mason stock analysis. A company releases its balance sheet every year along with its annual results. Legg Mason had a long term debt of $2.22B at the end of 2018. To understand the debt servicing capacity of the company, one needs to look at Legg Mason operating cash flow and Legg Mason revenue also. Legg Mason debt to equity ratio is .

View latest 10 year balance sheet data to check Legg Mason financial performance.
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Quarterly
Annual
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Fiscal year is Apr - Mar2018201720162015201420132012201120102009
Cash769.35M750.4M1.35B704.47M927.84M988.38M1.41B1.42B1.51B1.13B
Marketable Securities----------
Receivables552.61M503.71M409.61M487.24M416.81M423.11M433.83M396.03M560.81M1.2B
Inventory539.5M473.52M564.05M502.73M518.18M395.87M443.69M483.33M372.06M336.09M
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets66.9M74.1M62.45M227.57M265.52M135.48M169.69M144.85M115.81M193.54M
Total Current Assets
1.93B1.8B2.39B1.92B2.13B1.94B2.46B2.45B2.56B2.86B
Property Plant & Equipment705.2M668.59M643.45M626.05M606.77M602.06M603.49M704.99M715.89M688.74M
Accumulated Depreciation556.8M508.93M480.15M446.45M417.53M400.24M364.08M418.29M354.07M321.69M
Net Property Plant & Equipment
148.4M159.66M163.3M179.6M189.24M201.81M239.41M286.7M361.81M367.04M
Investment & Advances9.25M---31.81M210.55M294.85M312.76M--
Other Non-Current Assets----------
Deferred Charges202.06M202.84M206.79M161.97M165.7M279.36M142.7M232.39M271.55M848.48M
Intangibles5.73B5.96B4.63B4.65B4.41B4.45B5.13B5.19B5.22B5.11B
Deposits & Other Assets134.4M166.89M139.21M157.51M183.91M188.33M289.07M240.9M203.67M136.88M
Total Assets
8.15B8.29B7.52B7.07B7.11B7.27B8.56B8.71B8.61B9.32B
Notes Payable125.5M-40M---250M250M250M250M
Accounts Payable175.58M181.79M201.57M208.21M214.81M214.8M195.8M207.87M400.57M400.76M
Current Portion Long-Term Debt-----50.43M1.27M-5.15M8.18M
Current Portion Capital Leases----------
Accrued Expenses476.06M486.67M430.73M400.24M425.46M351.96M409.75M368.16M288.85M374.02M
Income Taxes Payable----------
Other Current Liabilities204.89M140.91M169.24M206.59M180.52M85.26M118.93M142.14M100.77M248.21M
Total Current Liabilities
982.04M809.38M841.55M815.04M821.24M702.46M975.78M968.97M1.05B1.28B
Mortgages----------
Deferred Taxes/Income232.2M416.98M326.28M413.91M315.2M218.1M299.9M358.68M407.89M364.05M
Convertible Debt----------
Long-Term Debt2.22B2.22B1.74B1.06B1.04B1.3B1.41B1.48B1.17B2.97B
Non-Current Capital Leases----------
Other Long-Term Liabilities132.04M153.23M200.07M256.5M166.2M207.37M171.41M93.61M123.98M256.42M
Total Liabilities
4.3B4.28B3.28B2.59B2.39B2.45B2.88B2.94B2.77B4.87B
Minority Interest732.29M677.77M175.78M45.52M45.14M21M24.03M36.71M29.57M-
Preferred Stock----------
Common Stock Net8.46M9.57M10.7M11.14M11.71M12.53M13.98M15.02M16.14M14.18M
Capital Surplus1.98B2.39B2.69B2.84B3.15B3.45B3.86B4.11B4.45B3.28B
Retained Earnings1.89B1.69B1.58B1.69B1.53B1.31B1.73B1.55B1.32B1.16B
Treasury Stock----------
Other Liabilities-27.45M-78.98M-44.29M-60.74M37.94M47.53M71.47M93.36M60.98M-
Shareholders Equity3.85B4.01B4.24B4.48B4.72B4.82B5.68B5.77B5.84B4.45B
Total Liabilities & Shareholders Equity8.15B8.29B7.52B7.07B7.11B7.27B8.56B8.71B8.61B9.32B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Looking at Legg Mason historical stock prices and the current Legg Mason stock price can tell you how the stock price has moved, whereas the Legg Mason PE ratio chart shows if its shares are overpriced in comparison to peers. The important things to look for in a balance sheet are:

  • Assets: An asset is a resource that a corporation like Legg Mason owns and has monetary significance. LM assets decreased from $8.29B in 2017 to $8.15B in 2018. Assets can be of two types: fixed assets like real estate, plant and machinery; and current assets which includes cash, accounts receivable etc. Tech stocks typically don't have too many assets.
  • Liabilities: The total liabilities of Legg Mason for the year 2018 total to $4.3B. Liabilities for a company like Legg Mason include bank loans, services which have been availed for which a settlement in the form of cash/ asset transfer needs to be done in future etc. A firm takes on such obligations to grow its business which in turn will generate future economic benefits for its business.

Legg Mason Balance Sheet - Key Ratios

Price to book ratio
0.63