PIPER SANDLER COMPANIES
For the period ended Sep 30, 2024. Filed Nov 7, 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.
Sep 30, 2024 · Filed Nov 7, 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
| September 30, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| (Amounts in thousands, except share data) · (Unaudited) | ||
| Assets | ||
| Cash and cash equivalents | $350,185 | $383,098 |
| Receivables from brokers, dealers and clearing organizations | 98,917 | 212,004 |
| Financial instruments and other inventory positions owned: | ||
| Financial instruments and other inventory positions owned | 320,365 | 341,780 |
| Financial instruments and other inventory positions owned and pledged as collateral | 97,660 | 92,777 |
| Total financial instruments and other inventory positions owned | 418,025 | 434,557 |
| Investments (including noncontrolling interests of $190,643 and $211,096, respectively) | 284,854 | 298,048 |
| Fixed assets (net of accumulated depreciation and amortization of $103,973 and $91,378, respectively) | 55,626 | 60,770 |
| Right-of-use lease assets | 72,253 | 69,387 |
| Goodwill | 310,331 | 301,760 |
| Intangible assets (net of accumulated amortization of $157,781 and $150,487, respectively) | 110,498 | 116,197 |
| Net deferred income tax assets | 156,174 | 179,207 |
| Other assets | 175,264 | 85,955 |
| Total assets | $2,032,127 | $2,140,983 |
| Liabilities and Shareholders' Equity | ||
| Short-term financing | $20,000 | $30,000 |
| Payables to brokers, dealers and clearing organizations | 1,757 | 979 |
| Financial instruments and other inventory positions sold, but not yet purchased | 110,751 | 148,980 |
| Accrued compensation | 375,140 | 486,145 |
| Accrued lease liabilities | 95,174 | 93,727 |
| Other liabilities and accrued expenses | 67,223 | 81,679 |
| Total liabilities | 670,045 | 841,510 |
| Shareholders' equity: | ||
| Common stock, $0.01 par value: | ||
| Shares authorized: 100,000,000; | ||
| Shares issued: 19,557,026 and 19,553,101, respectively; | ||
| Shares outstanding: 15,942,770 and 15,200,149, respectively | 195 | 195 |
| Additional paid-in capital | 985,654 | 988,136 |
| Retained earnings | 505,299 | 454,358 |
| Less: Common stock held in treasury, at cost: 3,614,256 shares and 4,352,952 shares, respectively | (325,402) | (356,297) |
| Accumulated other comprehensive income/(loss) | 1,562 | (894) |
| Total common shareholders' equity | 1,167,308 | 1,085,498 |
| Noncontrolling interests | 194,774 | 213,975 |
| Total shareholders' equity | 1,362,082 | 1,299,473 |
| Total liabilities and shareholders' equity | $2,032,127 | $2,140,983 |
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