For the quarter ending 2025-09-30, LPLA had -$3,092,476K decrease in cash & cash equivalents over the period. -$1,871,763K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | -29,517 | 591,822 |
| Depreciation and amortization | 99,722 | 188,587 |
| Amortization of intangible assets | 64,706 | 89,624 |
| Amortization of debt issuance costs | 3,515 | 14,581 |
| Share-based compensation | 19,409 | 39,570 |
| Provision for bad debts | 5,756 | 3,195 |
| Deferred income taxes | -171 | -178 |
| Change in estimated fair value of contingent consideration | 2,676 | 6,903 |
| Loan forgiveness | 107,874 | 187,555 |
| Other | -220 | -4,998 |
| Receivables from clients | 68,602 | 75,781 |
| Receivables from product sponsors, broker-dealers and clearing organizations | -50,064 | 52,945 |
| Advisor loans, net | 1,116,474 | 449,518 |
| Receivables from others | 68,965 | 67,956 |
| Increase (decrease) in debt securities, trading, and equity securities, fv-ni | 29,331 | 82,142 |
| Other assets | 48,130 | 189,883 |
| Payables to clients | -94,477 | 191,855 |
| Payables to broker-dealers and clearing organizations | -77,865 | 144,365 |
| Accrued advisory and commission expenses payable | 37,410 | -20,382 |
| Accounts payable and accrued liabilities | 143,196 | -32,394 |
| Increase (decrease) in other operating liabilities | -729,173 | 40,873 |
| Operating leases | 1,368 | -361 |
| Net cash (used in) provided by operating activities | -1,729,525 | 533,110 |
| Capital expenditures | 142,238 | 256,457 |
| Acquisitions, net of cash acquired | 1,539,948 | 190,129 |
| Purchases of securities classified as held-to-maturity | 1,255 | 2,498 |
| Proceeds from maturity of securities classified as held-to-maturity | 1,350 | 2,500 |
| Capitalized interest | 1,465 | 3,044 |
| Net cash used in investing activities | -1,683,556 | -449,628 |
| Proceeds from revolving credit facilities | 544,000 | 69,000 |
| Repayments of revolving credit facilities | 200,000 | 1,116,000 |
| Repayment of senior secured term loans | 0 | 0 |
| Proceeds from senior unsecured notes | 0 | 2,744,930 |
| Payment of debt issuance costs | 0 | 31,036 |
| Payment of contingent consideration | 1,688 | 33,207 |
| Tax payments related to settlement of restricted stock units | 1,647 | 31,001 |
| Proceeds from issuance of common stock | 0 | 1,725,000 |
| Payment of equity issuance costs | 0 | 47,779 |
| Repurchase of common stock | 0 | 100,004 |
| Dividends on common stock | 24,005 | 46,390 |
| Proceeds from stock option exercises and other | 4,282 | 12,596 |
| Principal payment of financing obligation | 337 | 222 |
| Principal payment of finance leases and obligations | 0 | 209 |
| Net cash provided by financing activities | 320,605 | 3,145,678 |
| Net increase in cash and equivalents, cash and equivalents segregated under federal or other regulations and restricted cash | -3,092,476 | 3,229,160 |
| Cash and cash equivalents at beginning of period | 2,684,052 | - |
| Cash and cash equivalents at end of period | 2,820,736 | - |
LPL Financial Holdings Inc. (LPLA)
LPL Financial Holdings Inc. (LPLA)