PIPER SANDLER COMPANIES
For the period ended Jun 30, 2024. Filed Aug 6, 2024.
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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, 2024 · Filed Aug 6, 2024
PIPR$66.75-1.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Financial Condition
| June 30, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| (Amounts in thousands, except share data) · (Unaudited) | ||
| Assets | ||
| Cash and cash equivalents | $320,935 | $383,098 |
| Receivables from brokers, dealers and clearing organizations | 117,351 | 212,004 |
| Financial instruments and other inventory positions owned: | ||
| Financial instruments and other inventory positions owned | 329,184 | 341,780 |
| Financial instruments and other inventory positions owned and pledged as collateral | 89,061 | 92,777 |
| Total financial instruments and other inventory positions owned | 418,245 | 434,557 |
| Investments (including noncontrolling interests of $183,293 and $211,096, respectively) | 266,558 | 298,048 |
| Fixed assets (net of accumulated depreciation and amortization of $99,721 and $91,378, respectively) | 56,887 | 60,770 |
| Right-of-use lease assets | 66,550 | 69,387 |
| Goodwill | 301,760 | 301,760 |
| Intangible assets (net of accumulated amortization of $155,209 and $150,487, respectively) | 111,475 | 116,197 |
| Net deferred income tax assets | 147,260 | 179,207 |
| Other assets | 113,042 | 85,955 |
| Total assets | $1,920,063 | $2,140,983 |
| Liabilities and Shareholders' Equity | ||
| Short-term financing | $— | $30,000 |
| Payables to brokers, dealers and clearing organizations | 21,950 | 979 |
| Financial instruments and other inventory positions sold, but not yet purchased | 117,994 | 148,980 |
| Accrued compensation | 275,964 | 486,145 |
| Accrued lease liabilities | 90,099 | 93,727 |
| Other liabilities and accrued expenses | 73,248 | 81,679 |
| Total liabilities | 579,255 | 841,510 |
| Shareholders' equity: | ||
| Common stock, $0.01 par value: | ||
| Shares authorized: 100,000,000 at June 30, 2024 and December 31, 2023; | ||
| Shares issued: 19,556,198 at June 30, 2024 and 19,553,101 at December 31, 2023; | ||
| Shares outstanding: 15,902,131 at June 30, 2024 and 15,200,149 at December 31, 2023 | 195 | 195 |
| Additional paid-in capital | 973,070 | 988,136 |
| Retained earnings | 481,177 | 454,358 |
| Less: Common stock held in treasury, at cost: 3,654,067 shares at June 30, 2024 and 4,352,952 shares at December 31, 2023 | (327,392) | (356,297) |
| Accumulated other comprehensive loss | (792) | (894) |
| Total common shareholders' equity | 1,126,258 | 1,085,498 |
| Noncontrolling interests | 214,550 | 213,975 |
| Total shareholders' equity | 1,340,808 | 1,299,473 |
| Total liabilities and shareholders' equity | $1,920,063 | $2,140,983 |
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