FRANKLIN RESOURCES INC
For the period ended Jun 30, 2025. Filed Aug 1, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 1, 2025
BEN$36.29+1.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
| Nine Months Ended June 30, | ||
|---|---|---|
| (in millions) | 2025 | 2024 |
| Net Income | $360.4 | $663.6 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Stock-based compensation | 170.0 | 194.6 |
| Amortization of deferred sales commissions | 58.9 | 43.3 |
| Depreciation and other amortization | 94.2 | 86.5 |
| Amortization of intangible assets | 337.3 | 254.4 |
| Impairment of intangible assets | 24.4 | — |
| Net losses (gains) on investments | 41.7 | (17.3) |
| Income from investments in equity method investees | (38.5) | (122.3) |
| Net losses on investments of consolidated investment products | 63.1 | 19.4 |
| Net purchase of investments by consolidated investment products | (87.6) | (459.5) |
| Deferred income taxes | (38.3) | (35.0) |
| Other | 188.9 | 135.3 |
| Changes in operating assets and liabilities: | ||
| Decrease (increase) in receivables and other assets | 24.3 | (61.4) |
| Decrease in investments, net | 15.5 | 23.8 |
| Decrease in accrued compensation and benefits | (183.7) | (35.0) |
| Decrease in income taxes payable | (244.3) | (127.8) |
| Increase (decrease) in accounts payable, accrued expenses and other liabilities | 308.0 | (55.8) |
| Decrease in accounts payable and accrued expenses of consolidated investment products | (7.5) | (93.7) |
| Net cash provided by operating activities | 1,086.8 | 413.1 |
| Purchase of investments | (904.4) | (952.0) |
| Liquidation of investments | 443.9 | 1,149.5 |
| Purchase of investments by consolidated collateralized loan obligations | (4,880.6) | (4,099.1) |
| Liquidation of investments by consolidated collateralized loan obligations | 3,653.4 | 3,034.0 |
| Additions of property and equipment, net | (123.3) | (107.3) |
| Acquisitions, net of cash acquired (including $281.4 in cash and cash equivalents of consolidated investment products in fiscal year 2024) | — | 175.1 |
| Payments of deferred consideration liability | (90.5) | (434.9) |
| Net consolidation of investment products | 0.2 | 12.0 |
| Net cash used in investing activities | (1,901.3) | (1,222.7) |
[Table continued on next page]
CONSOLIDATED STATEMENTS OF CASH FLOWS
[Table continued from previous page]
| Nine Months Ended June 30, | ||
|---|---|---|
| (in millions) | 2025 | 2024 |
| Issuance of common stock | $10.2 | $7.3 |
| Dividends paid on common stock | (512.6) | (489.3) |
| Repurchase of common stock | (173.2) | (172.0) |
| Proceeds from debt | 300.0 | — |
| Payment on debt | (400.0) | — |
| Proceeds from repurchase agreement | 98.0 | — |
| Payments on repurchase agreement | (48.9) | (45.8) |
| Proceeds from debt of consolidated investment products | 5,184.0 | 1,617.6 |
| Payments on debt of consolidated investment products | (4,320.1) | (609.2) |
| Payments on contingent consideration liabilities | (6.8) | (5.1) |
| Noncontrolling interests | 233.3 | 202.9 |
| Net cash provided by financing activities | 363.9 | 506.4 |
| Effect of exchange rate changes on cash and cash equivalents | (1.3) | 12.5 |
| Decrease in cash and cash equivalents | (451.9) | (290.7) |
| Cash and cash equivalents, beginning of period | 4,408.9 | 4,402.4 |
| Cash and Cash Equivalents, End of Period | $3,957.0 | $4,111.7 |
| Supplemental Disclosure of Cash Flow Information | ||
| Cash paid for income taxes | $232.1 | $357.9 |
| Cash paid for interest | 62.2 | 67.5 |
| Cash paid for interest by consolidated investment products | 597.4 | 522.2 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.