FRANKLIN RESOURCES INC

For the period ended Dec 31, 2023. Filed Jan 29, 2024.

About 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.

Dec 31, 2023 · Filed Jan 29, 2024

BEN$36.29+1.2%Stored close · as of Nov 10, 2026

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Contents

Item 1. Consolidated Statements of Income

CONSOLIDATED STATEMENTS OF INCOME

	Three Months Ended December 31,
(in millions, except per share data)	2023	2022
Operating Revenues
Investment management fees	$1,652.2	$1,631.8
Sales and distribution fees	296.4	291.9
Shareholder servicing fees	32.5	33.4
Other	10.0	10.0
Total operating revenues	1,991.1	1,967.1
Operating Expenses
Compensation and benefits	968.3	979.2
Sales, distribution and marketing	400.8	388.6
Information systems and technology	131.0	121.4
Occupancy	66.7	54.5
Amortization of intangible assets	85.8	83.2
General, administrative and other	132.0	146.2
Total operating expenses	1,784.6	1,773.1
Operating Income	206.5	194.0
Other Income (Expenses)
Investment and other income, net	173.2	91.1
Interest expense	(18.8)	(30.9)
Investment and other losses of consolidated investment products, net	(23.8)	(13.6)
Expenses of consolidated investment products	(5.9)	(11.5)
Other income, net	124.7	35.1
Income before taxes	331.2	229.1
Taxes on income	74.9	60.3
Net income	256.3	168.8
Less: net income (loss) attributable to
Redeemable noncontrolling interests	9.5	(1.5)
Nonredeemable noncontrolling interests	(4.5)	4.7
Net Income Attributable to Franklin Resources, Inc.	$251.3	$165.6
Earnings per Share
Basic	$0.50	$0.32
Diluted	0.50	0.32

ContentsView on SEC.gov

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