PIPER SANDLER COMPANIES
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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.
Sep 30, 2026 · Filed Nov 5, 2026
PIPR$66.75-1.3%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
Consolidated Statements of Cash Flows (Unaudited)
| Nine Months Ended | ||
|---|---|---|
| September 30, | ||
| (Amounts in thousands) | 2026 | 2025 |
| Operating Activities | ||
| Net income | $178,567 | $151,001 |
| Adjustments to reconcile net income to net cash provided by/(used in) operating activities: | ||
| Depreciation and amortization of fixed assets | 14,757 | 12,961 |
| Deferred income taxes | (2,813) | 25,467 |
| Stock-based compensation | 82,411 | 75,832 |
| Amortization of intangible assets | 6,172 | 6,370 |
| Amortization of forgivable loans | 21,657 | 17,309 |
| Decrease/(increase) in operating assets: | ||
| Receivables from brokers, dealers and clearing organizations | (10,118) | (302,747) |
| Net financial instruments and other inventory positions owned | 5,577 | (25,260) |
| Investments | 27,886 | (2,807) |
| Other assets | (85,427) | (22,306) |
| Increase/(decrease) in operating liabilities: | ||
| Payables to brokers, dealers and clearing organizations | (14,836) | 52,231 |
| Accrued compensation | (151,890) | (113,290) |
| Other liabilities and accrued expenses | 22,513 | (17,934) |
| Net cash provided by/(used in) operating activities | 94,456 | (143,173) |
| Investing Activities | ||
| Business acquisitions, net of cash acquired | (1,152) | (8,989) |
| Purchases of fixed assets, net | (30,760) | (31,348) |
| Net cash used in investing activities | (31,912) | (40,337) |
| Financing Activities | ||
| Net change in short-term financing | — | 5,000 |
| Payment of cash dividends | (128,194) | (99,279) |
| Increase/(decrease) in noncontrolling interests | (22,433) | 8,745 |
| Repurchase of common stock | (140,265) | (105,196) |
| Proceeds from stock option exercises | 519 | 3,267 |
| Net cash used in financing activities | (290,373) | (187,463) |
| Currency adjustment: | ||
| Effect of exchange rate changes on cash | (1,038) | 2,136 |
| Net decrease in cash and cash equivalents | (228,867) | (368,837) |
| Cash and cash equivalents at beginning of period | 809,415 | 482,834 |
| Cash and cash equivalents at end of period | $580,548 | $113,997 |
| Supplemental disclosure of cash flow information | ||
| Cash paid during the period for: | ||
| Interest | $1,978 | $3,869 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.