Legg Mason Revenue, Profits - LM Quarterly Income Statement

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$31.53 $0.58 (1.81%) LM stock closing price Aug 15, 2018 (Closing)

Financial analysis of Legg Mason involves more than just checking the Legg Mason stock price, by looking at the financial statements of the company in detail. 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 for LM which shows a YOY revenue decline of -4.73% is specific to a period of time. Investors typically check YoY or QoQ revenue growth. Along with Legg Mason assets and Legg Mason free cash flow, Legg Mason profits as shown in profit and loss statement give key insights about the business. The net profit for 2019 Q1 is $66.09M and the 2019 Q1 revenue is $747.91M.

View and download details of revenue and profits for Legg Mason for latest & last 40 quarters.
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Quarterly
Annual
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Fiscal year is Apr - Mar2019 Q12018 Q42018 Q32018 Q22018 Q12017 Q42017 Q32017 Q22017 Q12016 Q4
Legg Mason Revenues or Net Sales
747.91M785.05M793.09M768.34M793.84M723.13M715.24M748.37M700.17M619.55M
Cost Of Goods Sold (COGS)----------
Legg Mason Gross Profit
747.91M785.06M793.09M768.33M793.84M723.13M715.24M748.37M700.16M619.56M
Research & Development Expense----------
Selling General & Admin Expense616.05M679.24M619.35M617.83M646.29M641.31M561.79M614.46M620.9M954.58M
Income Before Depreciation Depletion Amortization131.86M105.83M173.73M150.5M147.54M81.84M153.44M133.9M79.25M-335.02M
Depreciation Depletion Amortization6.18M6.12M201.07M6.08M40.33M-28.05M42.27M6.27M5.7M-368.93M
Non Operating Income13.28M-12.66M15.57M10.95M13.85M24.13M9.29M16.72M11.66M-12.21M
Interest Expense29.92M30.46M29.08M29.07M29.26M31.2M29.49M27.92M24.56M15.24M
Legg Mason Pretax Income
109.04M56.61M-40.85M126.29M91.79M102.83M90.96M116.43M60.65M6.47M
Provision for Income Taxes30.68M39.96M-209.39M38.67M28.25M12.52M26.44M29.9M15.31M58.61M
MinorityInterest12.28M7.38M19.32M11.96M12.61M14.39M13.08M20.09M11.88M-6.87M
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations78.37M76.27M149.22M75.66M50.92M75.92M51.44M66.44M33.45M-45.27M
Extraordinary Items & Discontinued Operations----------
Legg Mason Profit/ Loss (Net Income)
66.09M76.27M149.22M75.66M50.92M75.92M51.44M66.44M33.45M-45.27M
Average Shares used to compute Diluted EPS85.49M85.08M90.83M93.5M95.3M96.83M99.57M102.06M104.68M106.39M
Average Shares used to compute Basic EPS85.12M84.53M90.38M93.09M94.87M96.56M99.4M101.82M104.47M106.39M
Income Before Nonrecurring Items71.59M76.27M90.07M77.56M63.92M93.32M51.44M66.44M60.67M-16.69M
Income from Nonrecurring Items-5.5M-59.15M-1.9M-13M-17.4M---27.22M-28.58M
Legg Mason Earnings Per Share Basic Net
0.750.871.590.780.520.760.500.630.31-0.43
Legg Mason Earnings Per Share Diluted Net
0.750.861.580.780.520.760.500.630.31-0.43
EPS Diluted Before Nonrecurring Items0.800.861.010.790.660.920.500.630.31-0.15
Preferred Dividends Acc Pd----------
Dividends Common29.0623.6751.49-------
Dividend Per Share Common0.340.280.560.000.280.220.440.000.220.40
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:

  • Revenue: The money received by selling of goods or services comes under this line item. A QoQ growth - See: Legg Mason revenue chart, implies that the company is growing. It has not been the case with Legg Mason. One must look at stocks with increasing revenues, and stay away from stocks whose revenues or sales are declining.
  • 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 poor bottom line growth.

The income statement is also called statement of revenue and expense. The LM financials along with Legg Mason historical stock prices provide a lot of details about the firm.

Legg Mason Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
8.09
PS Ratio (price sales ratio)
0.88
Operating Margin
16.8
Net Profit Margin
8.8
Dividend Yield
3.67%