For the quarter ending 2026-03-31, LPLA had -$285,477K decrease in cash & cash equivalents over the period. $124,637K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 356,404 | 300,719 | -29,517 | 591,822 |
| Depreciation and amortization | 105,751 | 105,125 | 99,722 | 188,587 |
| Amortization of intangible assets | 67,230 | 82,248 | 64,706 | 89,624 |
| Amortization of debt issuance costs | 3,487 | 3,505 | 3,515 | 14,581 |
| Share-based compensation | 23,059 | 20,383 | 19,409 | 39,570 |
| Provision for bad debts | 8,504 | 8,026 | 5,756 | 3,195 |
| Unrealized loss on deferred compensation plans | - | 72,761 | - | - |
| Deferred income taxes | -21,915 | 53,284 | -171 | -178 |
| Change in estimated fair value of contingent consideration | 7,523 | 14,584 | 2,676 | 6,903 |
| Loan forgiveness | 138,566 | 135,358 | 107,874 | 187,555 |
| Other | -3,148 | 10,156 | -220 | -4,998 |
| Receivables from clients | 63,051 | 31,462 | 68,602 | 75,781 |
| Receivables from product sponsors, broker-dealers and clearing organizations | 29,106 | -10,368 | -50,064 | 52,945 |
| Advisor loans, net | 206,538 | 185,756 | 1,116,474 | 449,518 |
| Receivables from others | 160,028 | 133,452 | 68,965 | 67,956 |
| Increase (decrease) in debt securities, trading, and equity securities, fv-ni | 10,016 | -123,113 | 29,331 | 82,142 |
| Other assets | 53,933 | 175,283 | 48,130 | 189,883 |
| Payables to clients | -191,283 | 311,707 | -94,477 | 191,855 |
| Payables to broker-dealers and clearing organizations | 157,157 | -45,208 | -77,865 | 144,365 |
| Accrued advisory and commission expenses payable | 8,551 | 6,159 | 37,410 | -20,382 |
| Accounts payable and accrued liabilities | -72,593 | 50,489 | 143,196 | -32,394 |
| Increase (decrease) in other operating liabilities | 223,684 | 70,511 | -729,173 | 40,873 |
| Operating lease assets | - | 3,019 | - | - |
| Operating leases | 3,194 | - | 1,368 | -361 |
| Net cash provided by operating activities | 290,400 | 785,011 | -1,729,525 | 533,110 |
| Capital expenditures | 165,763 | 171,681 | 142,238 | 256,457 |
| Acquisitions, net of cash acquired | 131,395 | 57,515 | 1,539,948 | 190,129 |
| Purchases of securities classified as held-to-maturity | 1,248 | 1,347 | 1,255 | 2,498 |
| Proceeds from maturity of securities classified as held-to-maturity | 1,250 | 1,250 | 1,350 | 2,500 |
| Payments to acquire investments | - | 29,070 | - | - |
| Proceeds from sale of other investments | - | 7,271 | - | - |
| Purchases of other investments | 12,064 | - | - | - |
| Capitalized interest | 2,301 | 2,317 | 1,465 | 3,044 |
| Net cash used in investing activities | -311,521 | -253,409 | -1,683,556 | -449,628 |
| Repayment of senior secured term loans | - | - | 0 | 0 |
| Proceeds from revolving credit facilities | 295,000 | 263,000 | 544,000 | 69,000 |
| Repayments of revolving credit facilities | 374,000 | 528,000 | 200,000 | 1,116,000 |
| Proceeds from senior unsecured term loans | - | 0 | - | - |
| Repayment of senior secured term loans | - | 0 | - | - |
| Proceeds from senior unsecured notes | 0 | 0 | 0 | 2,744,930 |
| Payment of debt issuance costs | 0 | 200 | 0 | 31,036 |
| Payment of equity issuance costs | - | 47,779 | - | - |
| Proceeds from issuance of common stock | - | 0 | 0 | 1,725,000 |
| Payment of contingent consideration | 10,078 | 12,500 | 1,688 | 33,207 |
| Tax payments related to settlement of restricted stock units | 19,210 | 836 | 1,647 | 31,001 |
| Payment of equity issuance costs | - | - | 0 | 47,779 |
| Repurchase of common stock | 0 | 0 | 0 | 100,004 |
| Dividends on common stock | 24,055 | 24,016 | 24,005 | 46,390 |
| Proceeds from stock option exercises and other | 5,019 | 5,297 | 4,282 | 12,596 |
| Principal payment of financing obligation | 348 | 343 | 337 | 222 |
| Principal payment of finance leases and obligations | 0 | 0 | 0 | 209 |
| Net cash (used in) provided by financing activities | -127,672 | -297,598 | 320,605 | 3,145,678 |
| Net increase (decrease) in cash and equivalents, cash and equivalents segregated under federal or other regulations and restricted cash | - | 370,688 | - | - |
| Net (decrease) increase in cash and equivalents, cash and equivalents segregated under federal or other regulations and restricted cash | -285,477 | - | -3,092,476 | 3,229,160 |
| Cash and equivalents, cash and equivalents segregated under federal or other regulations and restricted cash beginning of period | 3,054,740 | 2,820,736 | 2,684,052 | - |
| Cash and equivalents, cash and equivalents segregated under federal or other regulationsand restricted cash end of period | 2,905,947 | 3,054,740 | 2,820,736 | - |
LPL Financial Holdings Inc. (LPLA)
LPL Financial Holdings Inc. (LPLA)