LPL Financial Holdings Inc.
For the period ended Sep 30, 2026. Filed Oct 29, 2026.
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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, 2026 · Filed Oct 29, 2026
LPLA$308.51+1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows (unaudited)
| LPL FINANCIAL HOLDINGS INC. AND SUBSIDIARIES | ||
|---|---|---|
| Condensed Consolidated Statements of Cash Flows | ||
| (In thousands) | ||
| (Unaudited) | ||
| Nine Months Ended September 30, | ||
| 2026 | 2025 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income | $1,092,226 | $562,305 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 332,843 | 288,309 |
| Amortization of other intangibles | 210,960 | 154,330 |
| Amortization of debt issuance costs | 10,428 | 18,096 |
| Share-based compensation | 68,693 | 58,979 |
| Provision for credit losses | 16,820 | 8,951 |
| Deferred benefit for income taxes | 4,773 | (349) |
| Change in estimated fair value of contingent consideration | 14,190 | 9,579 |
| Loan forgiveness | 435,975 | 295,429 |
| Other | 11,588 | 5,218 |
| Changes in operating assets and liabilities: | ||
| Receivables from clients, net | (316,180) | (144,383) |
| Receivables from brokers, dealers and clearing organizations | (39,818) | (2,881) |
| Advisor loans, net | (761,403) | (1,565,992) |
| Other receivables, net | (129,082) | (136,921) |
| Investment securities - trading | (61,709) | (111,473) |
| Other assets | (130,288) | (238,013) |
| Client payables | (51,369) | 97,378 |
| Payables to brokers, dealers and clearing organizations | 66,535 | 66,500 |
| Accrued advisory and commission expenses payable | 41,418 | 17,028 |
| Accounts payable and accrued liabilities | (59,182) | 110,802 |
| Other liabilities | 238,904 | (688,300) |
| Operating leases | (6,824) | (1,007) |
| Net cash provided by (used in) operating activities | 989,498 | (1,196,415) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Capital expenditures | (594,897) | (398,695) |
| Acquisitions, net of cash acquired | (336,295) | (1,730,077) |
| Purchases of securities classified as held-to-maturity | (3,712) | (3,753) |
| Proceeds from maturities of securities classified as held-to-maturity | 4,250 | 3,850 |
| Purchases of other investments | (20,164) | — |
| Proceeds from sale of other investments | 400 | — |
| Capitalized interest | (8,369) | (4,509) |
| Net cash used in investing activities | (958,787) | (2,133,184) |
| Continued on following page | ||
| LPL FINANCIAL HOLDINGS INC. AND SUBSIDIARIES | ||
|---|---|---|
| Condensed Consolidated Statements of Cash Flows | ||
| (In thousands) | ||
| (Unaudited) | ||
| Nine Months Ended September 30, | ||
| 2026 | 2025 | |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from revolving credit facilities | 1,640,000 | 613,000 |
| Repayments of revolving credit facilities | (1,103,000) | (1,316,000) |
| Proceeds from senior unsecured notes | — | 2,744,930 |
| Payment of debt issuance costs | (1,173) | (31,036) |
| Payment of contingent consideration | (29,438) | (34,895) |
| Tax payments related to settlement of restricted stock units | (21,247) | (32,648) |
| Proceeds from issuance of common stock | — | 1,725,000 |
| Payment of equity issuance costs | — | (47,779) |
| Repurchase of common stock | (610,039) | (100,004) |
| Dividends on common stock | (71,630) | (70,395) |
| Proceeds from stock option exercises and other | 15,285 | 16,878 |
| Principal payment of financing obligation | (1,132) | (559) |
| Principal payment of finance leases and obligations | — | (209) |
| Net cash (used in) provided by financing activities | (182,374) | 3,466,283 |
| NET (DECREASE) INCREASE IN CASH AND EQUIVALENTS, CASH AND EQUIVALENTS SEGREGATED UNDER FEDERAL OR OTHER REGULATIONS AND RESTRICTED CASH | (151,663) | 136,684 |
| CASH AND EQUIVALENTS, CASH AND EQUIVALENTS SEGREGATED UNDER FEDERAL OR OTHER REGULATIONS AND RESTRICTED CASH — Beginning of period | 3,054,740 | 2,684,052 |
| CASH AND EQUIVALENTS, CASH AND EQUIVALENTS SEGREGATED UNDER FEDERAL OR OTHER REGULATIONS AND RESTRICTED CASH — End of period | $2,903,077 | $2,820,736 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ||
| Interest paid | $285,015 | $238,347 |
| Income taxes paid | $341,735 | $314,204 |
| Cash paid for amounts included in the measurement of operating lease liabilities | $34,319 | $31,175 |
| Cash paid for amounts included in the measurement of finance lease liabilities | $— | $209 |
| NONCASH DISCLOSURES: | ||
| Capital expenditures included in accounts payable and accrued liabilities | $50,571 | $42,059 |
| Lease assets obtained in exchange for operating lease liabilities | $36,688 | $34,955 |
| Prefunded acquisition | $— | $70,202 |
| Contingent consideration and other liabilities recognized at acquisition date | $22,630 | $86,821 |
| September 30, | ||
| 2026 | 2025 | |
| Cash and equivalents | $1,059,019 | $1,343,507 |
| Cash and equivalents segregated under federal or other regulations | 1,694,088 | 1,249,000 |
| Restricted cash | 149,970 | 228,229 |
| Total cash and equivalents, cash and equivalents segregated under federal or other regulations and restricted cash shown in the statements of cash flows | $2,903,077 | $2,820,736 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.