Legg Mason Revenue, Profits - LM Annual Income Statement

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$31.44 $0.13 (0.41%) LM stock closing price Aug 17, 2018 (Closing)

Looking at financial statements, along with the Legg Mason stock price, it's management, its economic moat, and industry competitors forms an important part of fundamental analysis. An income statement is one of the three key financial statements furnished by a company, the other two being the balance sheet and the cashflow statement. The income statement is generated for a specific period of time, typically a year or a quarter. The revenue increase to $3.14B for 2018 impacts the LM stock. Investors typically check year over year or quarter over quarter revenue growth. The Legg Mason profit and loss statement for 2018 shows a net profit of $285.07M. Profits for last year was $227.25M. Apart from this an investor should also check Legg Mason assets and Legg Mason free cash flow.

View revenue and profit details for latest and last 10 financial years.
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Quarterly
Annual
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Fiscal year is Apr - Mar2018201720162015201420132012201120102009
Legg Mason Revenues or Net Sales
3.14B2.89B2.66B2.82B2.74B2.61B2.66B2.78B2.63B3.36B
Cost Of Goods Sold (COGS)----------
Legg Mason Gross Profit
3.14B2.89B2.66B2.82B2.74B2.61B2.66B2.78B2.63B3.36B
Research & Development Expense----------
Selling General & Admin Expense2.56B2.44B2.61B2.32B2.3B2.3B2.3B2.37B2.29B2.68B
Income Before Depreciation Depletion Amortization577.6M448.43M55.81M500.84M443.2M313.52M358.32M409.72M343.95M675.27M
Depreciation Depletion Amortization253.6M26.19M4.97M2.62M12.31M748.01M19.57M22.91M22.76M1.34B
Non Operating Income27.71M61.8M-27.58M-71.95M41.65M-13.18M51.91M70.54M134.79M-2.34B
Interest Expense117.87M113.17M48.46M58.27M52.91M62.91M87.58M92.15M126.31M150.46M
Legg Mason Pretax Income
233.84M370.87M-25.21M367.99M419.64M-510.6M303.08M365.19M329.65M-3.16B
Provision for Income Taxes-102.51M84.17M7.69M125.28M137.8M-150.85M72.05M119.43M118.67M-1.21B
MinorityInterest51.27M59.44M-7.87M5.62M-2.94M-6.42M10.21M-8.16M6.62M2.92M
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations336.35M286.7M-32.91M242.7M281.83M-359.74M231.03M245.76M210.98M-1.95B
Extraordinary Items & Discontinued Operations----------
Legg Mason Profit/ Loss (Net Income)
285.07M227.25M-25.03M237.08M284.78M-353.32M220.81M253.92M204.35M-1.95B
Average Shares used to compute Diluted EPS91.19M100.8M107.41M116.31M122.38M133.23M143.35M155.48M155.36M140.67M
Average Shares used to compute Basic EPS90.73M100.58M107.41M115.08M121.94M133.23M143.29M155.32M153.72M140.67M
Income Before Nonrecurring Items352.08M381.46M370.27M378.75M417.8M347.17M397.03M245.02M204.36M-1.95B
Income from Nonrecurring Items--154.2M-395.3M-141.67M-133.02M-700.5M-176.21M8.9M--
Legg Mason Earnings Per Share Basic Net
3.742.19-0.252.062.34-2.651.541.631.33-13.85
Legg Mason Earnings Per Share Diluted Net
3.722.18-0.252.042.33-2.651.541.631.32-13.85
EPS Diluted Before Nonrecurring Items3.723.323.363.263.412.612.771.571.32-13.85
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common1.120.881.000.640.520.440.320.200.120.96
All figures in USD. M: Millions of USD, B: Billions of USD.
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The key things to look for in an income statement while doing Legg Mason stock analysis are:

  • Top line: The word topline comes from the fact that the first line of an income statement refers to sales numbers. If you check you will find that LM stock has a topline or revenue of $3.14B for 2018 as per this Legg Mason revenue chart. Investors look for stocks with a growing top line.
  • Bottom line: The word bottom line comes because it is usually the last line of the income statement and refers to the actual profits after deducting all expenses from the revenues. LM stock had a healthy bottom line growth.

The income statement is also called the profit and loss statement. Apart from the LM income statement, one can check the Legg Mason historical stock prices to check how the price has moved with time.

Legg Mason Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
7.92
PS Ratio (price sales ratio)
0.86
Operating Margin
16.8
Net Profit Margin
8.8
Dividend Yield
3.75%