Focus Financial Partners (FOCS) Financial Statements
Price: $52.99
Market Cap: $3.50B
Avg Volume: 731.59K
Market Cap: $3.50B
Avg Volume: 731.59K
Country: US
Industry: Asset Management
Sector: Financial Services
Industry: Asset Management
Sector: Financial Services
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Focus Financial Partners.
Income Statement
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.14B | $1.80B | $1.36B | $1.22B | $910.88M | $662.89M | $485.44M | $382.35M |
| Cost of Revenue | $1.26B | $1.08B | $825.68M | $736.17M | $590.79M | $429.17M | $293.04M | $241.37M |
| Gross Profit | $883.10M | $715.40M | $535.64M | $482.18M | $320.09M | $233.72M | $192.41M | $140.98M |
| Gross Profit Ratio | 41.20% | 39.80% | 39.35% | 39.58% | 35.14% | 35.26% | 39.63% | 36.87% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $537.61M | $402.97M | $298.23M | $213.49M | $168.80M |
| Selling and Marketing Expenses | $- | $- | $- | $-304.70M | $-232.70M | $-163.62M | $-114.85M | $-89.73M |
| Selling General and Administrative Expenses | $376.42M | $297.64M | $236.38M | $232.91M | $170.27M | $134.62M | $98.64M | $79.07M |
| Other Expenses | $277.12M | $202.47M | $160.23M | $142.82M | $-2.35M | $-3.19M | $1.39M | $310.00K |
| Operating Expenses | $653.54M | $500.11M | $396.61M | $375.73M | $269.02M | $205.67M | $155.26M | $119.82M |
| Cost and Expenses | $1.91B | $1.58B | $1.22B | $1.11B | $859.81M | $634.84M | $448.30M | $361.19M |
| Interest Income | $791.00K | $422.00K | $453.00K | $1.16M | $1.27M | $222.00K | $88.00K | $90.00K |
| Interest Expense | $99.89M | $55.00M | $41.66M | $58.29M | $56.45M | $41.86M | $21.33M | $9.98M |
| Depreciation and Amortization | $277.12M | $202.47M | $176.98M | $141.39M | $98.75M | $71.05M | $56.62M | $40.75M |
| EBITDA | $492.43M | $414.41M | $296.81M | $245.25M | $145.76M | $93.45M | $93.51M | $60.53M |
| EBITDA Ratio | 22.97% | 23.05% | 21.80% | 20.13% | 16.00% | 14.10% | 19.26% | 15.83% |
| Operating Income | $215.30M | $211.94M | $119.83M | $103.86M | $44.43M | $5.75M | $38.28M | $21.32M |
| Operating Income Ratio | 10.05% | 11.79% | 8.80% | 8.52% | 4.88% | 0.87% | 7.89% | 5.58% |
| Total Other Income Expenses Net | $-36.95M | $-167.42M | $-50.20M | $-72.62M | $-76.07M | $-55.61M | $-21.58M | $-11.35M |
| Income Before Tax | $178.35M | $44.52M | $69.62M | $-4.98M | $-31.64M | $-49.86M | $16.70M | $9.97M |
| Income Before Tax Ratio | 8.32% | 2.48% | 5.11% | -0.41% | -3.47% | -7.52% | 3.44% | 2.61% |
| Income Tax Expense | $53.08M | $20.08M | $20.66M | $7.05M | $9.45M | $-1.50M | $981.00K | $649.00K |
| Net Income | $125.28M | $24.44M | $48.97M | $-12.03M | $-590.00K | $-48.36M | $15.72M | $9.32M |
| Net Income Ratio | 5.85% | 1.36% | 3.60% | -0.99% | -0.06% | -7.30% | 3.24% | 2.44% |
| EPS | $1.90 | $0.42 | $1.00 | $-0.26 | $-0.01 | $-0.77 | $0.25 | $0.15 |
| EPS Diluted | $1.90 | $0.42 | $1.00 | $-0.26 | $-0.01 | $-0.77 | $0.25 | $0.15 |
| Weighted Average Shares Outstanding | 65.55M | 57.32M | 48.68M | 46.79M | 43.12M | 62.60M | 62.60M | 62.60M |
| Weighted Average Shares Outstanding Diluted | 65.81M | 57.83M | 48.80M | 46.79M | 43.12M | 62.60M | 62.60M | 62.60M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 |
|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $139.97M | $310.68M | $65.86M | $65.18M | $33.21M | $51.45M | $16.51M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $139.97M | $310.68M | $65.86M | $65.18M | $33.21M | $51.45M | $16.51M |
| Net Receivables | $217.22M | $198.83M | $169.22M | $129.34M | $98.60M | $73.51M | $43.13M |
| Inventory | $- | $- | $- | $- | $- | $- | $- |
| Other Current Assets | $151.36M | $123.83M | $65.58M | $58.58M | $76.15M | $37.42M | $42.94M |
| Total Current Assets | $508.55M | $633.34M | $300.66M | $253.10M | $207.96M | $162.39M | $102.57M |
| Property Plant Equipment Net | $313.44M | $297.05M | $278.96M | $221.75M | $24.78M | $21.40M | $15.25M |
| Goodwill | $2.17B | $1.93B | $1.26B | $1.09B | $860.50M | $515.49M | $316.50M |
| Intangible Assets | $1.64B | $1.58B | $1.11B | $1.00B | $762.20M | $522.28M | $309.11M |
| Goodwill and Intangible Assets | $3.81B | $3.51B | $2.37B | $2.09B | $1.62B | $1.04B | $625.61M |
| Long Term Investments | $- | $- | $- | $- | $- | $- | $- |
| Tax Assets | $230.13M | $267.33M | $107.29M | $75.45M | $70.01M | $- | $- |
| Other Non-Current Assets | $7.59M | $4.25M | $6.95M | $9.64M | $12.34M | $13.28M | $9.50M |
| Total Non-Current Assets | $4.36B | $4.08B | $2.76B | $2.40B | $1.73B | $1.07B | $650.37M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $4.87B | $4.71B | $3.06B | $2.65B | $1.94B | $1.23B | $752.94M |
| Account Payables | $12.21M | $11.58M | $9.63M | $8.08M | $8.94M | $5.75M | $6.94M |
| Short Term Debt | $2.51B | $2.39B | $1.51B | $1.27B | $- | $980.50M | $457.00M |
| Tax Payables | $- | $- | $- | $-4.98M | $-31.64M | $- | $- |
| Deferred Revenue | $10.73M | $10.93M | $9.19M | $7.84M | $6.21M | $6.09M | $4.35M |
| Other Current Liabilities | $-2.22B | $-2.12B | $-1.46B | $105.02M | $944.09M | $57.32M | $50.53M |
| Total Current Liabilities | $2.69B | $2.59B | $1.65B | $1.39B | $927.61M | $1.05B | $518.82M |
| Long Term Debt | $- | $- | $- | $- | $836.58M | $1.10B | $465.87M |
| Deferred Revenue Non-Current | $- | $219.54M | $- | $7.84M | $6.21M | $6.09M | $4.35M |
| Deferred Tax Liabilities Non-Current | $29.58M | $31.97M | $- | $48.40M | $39.16M | $-121.85M | $-8.87M |
| Other Non-Current Liabilities | $3.22B | $3.04B | $2.13B | $404.46M | $-678.09M | $-144.62M | $25.78M |
| Total Non-Current Liabilities | $878.12M | $997.12M | $557.77M | $460.70M | $197.65M | $963.83M | $496.00M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $3.56B | $3.59B | $2.20B | $1.85B | $1.13B | $2.01B | $1.01B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $777.00K | $767.00K | $719.00K | $695.00K | $690.00K | $- | $- |
| Retained Earnings | $116.78M | $25.00M | $14.58M | $-13.46M | $-590.00K | $- | $- |
| Accumulated Other Comprehensive Income Loss | $18.32M | $3.03M | $-2.17M | $-1.30M | $-1.82M | $- | $- |
| Other Total Stockholders Equity | $918.04M | $841.75M | $526.66M | $498.19M | $471.39M | $- | $- |
| Total Stockholders Equity | $1.05B | $870.54M | $539.80M | $484.12M | $469.66M | $-778.66M | $-261.88M |
| Total Equity | $1.30B | $1.12B | $858.88M | $803.97M | $812.52M | $-778.66M | $-261.88M |
| Total Liabilities and Stockholders Equity | $4.87B | $4.71B | $3.06B | $2.65B | $1.94B | $1.23B | $752.94M |
| Minority Interest | $249.38M | $246.86M | $319.08M | $319.85M | $342.86M | $- | $- |
| Total Liabilities and Total Equity | $4.87B | $4.71B | $3.06B | $2.65B | $1.94B | $1.23B | $752.94M |
| Total Investments | $- | $- | $- | $- | $- | $- | $- |
| Total Debt | $2.80B | $2.67B | $1.76B | $1.47B | $836.58M | $980.50M | $457.00M |
| Net Debt | $2.66B | $2.36B | $1.69B | $1.40B | $803.37M | $929.05M | $440.49M |
Cash Flow Statement
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|
| Net Income | $125.28M | $24.44M | $48.97M | $-12.03M | $-41.09M | $-48.36M | $15.72M | $9.32M |
| Depreciation and Amortization | $277.12M | $202.47M | $160.23M | $141.39M | $98.75M | $71.05M | $56.62M | $40.75M |
| Deferred Income Tax | $32.24M | $-8.57M | $2.62M | $3.56M | $19.60M | $7.68M | $-287.00K | $- |
| Stock Based Compensation | $30.45M | $31.60M | $22.29M | $18.33M | $44.47M | $34.88M | $8.52M | $13.54M |
| Change in Working Capital | $-118.63M | $-53.02M | $-50.95M | $-10.47M | $-32.60M | $-18.58M | $-5.12M | $-4.36M |
| Accounts Receivables | $-16.78M | $-32.01M | $-37.91M | $-29.56M | $-23.75M | $-30.21M | $-5.47M | $-10.80M |
| Inventory | $- | $-22.05M | $-11.08M | $20.57M | $-9.71M | $11.23M | $-3.56M | $5.86M |
| Accounts Payables | $-82.00K | $486.00K | $606.00K | $-1.17M | $2.34M | $-1.21M | $2.74M | $709.00K |
| Other Working Capital | $-101.77M | $543.00K | $-2.56M | $-312.00K | $-1.48M | $12.84M | $-2.39M | $5.73M |
| Other Non Cash Items | $-57.86M | $116.99M | $28.21M | $53.99M | $16.79M | $30.10M | $1.41M | $1.88M |
| Net Cash Provided by Operating Activities | $288.60M | $313.92M | $211.36M | $194.77M | $105.92M | $69.09M | $77.15M | $61.13M |
| Investments in Property Plant and Equipment | $-21.02M | $-11.02M | $-19.35M | $-25.47M | $-9.11M | $-10.52M | $-3.41M | $-6.45M |
| Acquisitions Net | $-461.52M | $-979.06M | $-348.67M | $-532.51M | $-413.04M | $-365.70M | $-171.20M | $-105.42M |
| Purchases of Investments | $- | $- | $- | $556.46M | $-24.30M | $-500.00K | $-12.85M | $-3.07M |
| Sales Maturities of Investments | $- | $- | $- | $1.53M | $376.72M | $- | $- | $- |
| Other Investing Activities | $7.36M | $-17.23M | $-4.95M | $-556.46M | $-376.72M | $- | $665.00K | $- |
| Net Cash Used for Investing Activities | $-475.18M | $-1.01B | $-372.97M | $-556.46M | $-446.45M | $-376.72M | $-186.80M | $-114.94M |
| Debt Repayment | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Issued | $1.16M | $219.64M | $- | $- | $565.16M | $1.83B | $231.17M | $227.25M |
| Common Stock Repurchased | $- | $-57.73M | $- | $- | $-61.54M | $-795.89M | $-42.00K | $-61.15M |
| Dividends Paid | $-22.98M | $-32.31M | $-22.46M | $-20.64M | $-2.74M | $-5.82M | $-7.88M | $-6.34M |
| Other Financing Activities | $39.98M | $971.11M | $184.29M | $414.21M | $325.23M | $348.22M | $118.74M | $66.62M |
| Net Cash Used Provided by Financing Activities | $16.99M | $938.80M | $161.83M | $393.57M | $322.49M | $342.40M | $110.86M | $60.29M |
| Effect of Forex Changes on Cash | $-1.12M | $-577.00K | $461.00K | $79.00K | $-198.00K | $170.00K | $-206.00K | $-63.00K |
| Net Change in Cash | $-170.71M | $244.83M | $680.00K | $31.96M | $-18.24M | $34.95M | $1.01M | $6.41M |
| Cash at End of Period | $139.97M | $310.68M | $65.86M | $65.18M | $33.21M | $51.45M | $16.51M | $15.50M |
| Cash at Beginning of Period | $310.68M | $65.86M | $65.18M | $33.21M | $51.45M | $16.51M | $15.50M | $9.09M |
| Operating Cash Flow | $288.60M | $313.92M | $211.36M | $194.77M | $105.92M | $69.09M | $77.15M | $61.13M |
| Capital Expenditure | $-21.02M | $-11.02M | $-19.35M | $-25.47M | $-9.11M | $-10.52M | $-3.41M | $-6.45M |
| Free Cash Flow | $267.58M | $302.90M | $192.01M | $169.30M | $96.81M | $58.57M | $73.74M | $54.68M |