LPL Financial Holdings Inc. (LPLA) FY2026 YTD Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-01 to 2026-06-30

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LPL Financial Holdings Inc. cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $692,350,000.00Net income → Operating adjustments reconciliation: $43,315,000.00Payables to broker-dealers and clearing organizations → Operating adjustments reconciliation: $448,877,000.00Loan forgiveness → Operating adjustments reconciliation: $283,469,000.00Depreciation and amortization → Operating adjustments reconciliation: $215,556,000.00Increase (Decrease) in Other Operating Liabilities → Operating adjustments reconciliation: $182,352,000.00Amortization of intangible assets → Operating adjustments reconciliation: $138,116,000.00Share-based compensation → Operating adjustments reconciliation: $46,640,000.00Accrued advisory and commission expenses payable → Operating adjustments reconciliation: $19,632,000.00Provision for bad debts → Operating adjustments reconciliation: $13,656,000.00Amortization of debt issuance costs → Operating adjustments reconciliation: $6,963,000.00Deferred income taxes → Operating adjustments reconciliation: $4,731,000.00Change in estimated fair value of contingent consideration → Operating adjustments reconciliation: $4,729,000.00Other → Operating adjustments reconciliation: $4,063,000.00Operating adjustments reconciliation → Advisor loans, net: $502,964,000.00Operating adjustments reconciliation → Receivables from others: $231,927,000.00Operating adjustments reconciliation → Receivables from clients: $190,831,000.00Operating adjustments reconciliation → Receivables from product sponsors, broker-dealers and clearing organizations: $173,405,000.00Operating adjustments reconciliation → Other assets: $128,241,000.00Operating adjustments reconciliation → Increase (Decrease) in Debt Securities, Trading, and Equity Securities, FV-NI: $108,789,000.00Operating adjustments reconciliation → Payables to clients: $51,942,000.00Operating adjustments reconciliation → Accounts payable and accrued liabilities: $17,303,000.00Operating adjustments reconciliation → Operating leases: $6,697,000.00Proceeds from maturity of securities classified as held-to-maturity → investing reconciliation: $2,500,000.00investing reconciliation → Capital expenditures: $365,208,000.00investing reconciliation → Acquisitions, net of cash acquired: $234,110,000.00investing reconciliation → Purchases of other investments: $12,064,000.00investing reconciliation → Capitalized interest: $5,583,000.00investing reconciliation → Purchases of securities classified as held-to-maturity: $2,491,000.00Net cash used in financing activities → financing reconciliation: $201,388,000.00Proceeds from revolving credit facilities → financing reconciliation: $980,000,000.00Proceeds from stock option exercises and other → financing reconciliation: $10,215,000.00financing reconciliation → Repayments of revolving credit facilities: $783,000,000.00financing reconciliation → Repurchase of common stock: $309,476,000.00financing reconciliation → Dividends on common stock: $48,028,000.00financing reconciliation → Payment of contingent consideration: $29,133,000.00financing reconciliation → Tax payments related to settlement of restricted stock units: $20,063,000.00financing reconciliation → Payment of debt issuance costs: $1,173,000.00financing reconciliation → Principal payment of financing obligation: $730,000.00Net cash used in investing activities → investing reconciliation: $616,956,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $3,054,740,000.00Net cash from operating activities → Cash sources and uses: $692,350,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $2,928,746,000.00Cash sources and uses → Net cash used in investing activities: $616,956,000.00Cash sources and uses → Net cash used in financing activities: $201,388,000.00Amortization of intangible assets: $138,116,000.00Intangible amortization+$138.12 MNet income: $735,665,000.00Net income+$735.67 MOther assets: -$128,241,000.00Other operating assets−$128.24 MReceivables from others: -$231,927,000.00Other receivables−$231.93 MOperating leases: -$6,697,000.00Operating leases−$6.70 MAmortization of debt issuance costs: $6,963,000.00Debt issuance cost amortization+$6.96 MAccounts payable and accrued liabilities: -$17,303,000.00Payables & accrued liabilities−$17.30 MPayables to broker-dealers and clearing organizations: $448,877,000.00Broker payables, net+$448.88 MIncrease (Decrease) in Other Operating Liabilities: $182,352,000.00Other operating liabilities+$182.35 MLoan forgiveness: $283,469,000.00Loan forgiveness+$283.47 MAccrued advisory and commission expenses payable: $19,632,000.00Advisory & commission payable+$19.63 MIncrease (Decrease) in Debt Securities, Trading, and Equity Securities, FV-NI: -$108,789,000.00Trading securities, net−$108.79 MOther: $4,063,000.00Other non-cash items+$4.06 MDepreciation and amortization: $215,556,000.00Depreciation & amortization+$215.56 MAdvisor loans, net: -$502,964,000.00Advisor loans, net−$502.96 MDeferred income taxes: $4,731,000.00Deferred income taxes+$4.73 MShare-based compensation: $46,640,000.00Stock-based compensation+$46.64 MPayables to clients: -$51,942,000.00Payables to clients−$51.94 MReceivables from clients: -$190,831,000.00Receivables from clients−$190.83 MReceivables from product sponsors, broker-dealers and clearing organizations: -$173,405,000.00Broker receivables, net−$173.41 MProvision for bad debts: $13,656,000.00Credit loss provision+$13.66 MChange in estimated fair value of contingent consideration: $4,729,000.00Contingent consideration change+$4.73 MNet cash from operating activities: $692,350,000.00Operating cash+$692.35 MOperating adjustments reconciliation: $1,412,099,000.00Proceeds from revolving credit facilities: $980,000,000.00Credit line borrowings+$980.00 MRepayments of revolving credit facilities: -$783,000,000.00Credit line repayments−$783.00 MProceeds from senior unsecured notes: $0.00Payment of debt issuance costs: -$1,173,000.00Debt issuance costs−$1.17 MPayment of contingent consideration: -$29,133,000.00Contingent consideration paid−$29.13 MTax payments related to settlement of restricted stock units: -$20,063,000.00Stock-award tax withholding−$20.06 MProceeds from Issuance of Common Stock: $0.00Incremental costs associated with issuance: $0.00Repurchase of common stock: -$309,476,000.00Common stock repurchases−$309.48 MDividends on common stock: -$48,028,000.00Dividends paid−$48.03 MProceeds from stock option exercises and other: $10,215,000.00Stock option exercises+$10.22 MPrincipal payment of financing obligation: -$730,000.00Financing obligation repaid−$730.00 KPrincipal payment of finance leases and obligations: $0.00Net cash used in financing activities: -$201,388,000.00. Cash required to fund net payments.Financing cash−$201.39 Mfinancing reconciliation: $1,191,603,000.00Capital expenditures: -$365,208,000.00PP&E purchases−$365.21 MAcquisitions, net of cash acquired: -$234,110,000.00Acquisitions, net of cash−$234.11 MPurchases of securities classified as held-to-maturity: -$2,491,000.00HTM securities purchases−$2.49 MProceeds from maturity of securities classified as held-to-maturity: $2,500,000.00HTM sales & maturities+$2.50 MPurchases of other investments: -$12,064,000.00Other investment purchases−$12.06 MCapitalized interest: -$5,583,000.00Capitalized interest−$5.58 MNet cash used in investing activities: -$616,956,000.00. Cash required to fund net payments.Investing cash−$616.96 Minvesting reconciliation: $619,456,000.00Cash sources and uses: $3,747,090,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $3,054,740,000.00Beginning cash$3.05 BEnding cash: Cash, cash equivalents, and restricted cash: $2,928,746,000.00Ending cash$2.93 BCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$327.14 MOperating cash − cash spent on PP&ECash flow / Net income0.94×Operating cash flow ÷ net incomeNet cash change−$125.99 MEnding cash − beginning cash
Chart details

LPL Financial Holdings Inc. cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026

Cash flows for Jan 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2025
3,054,740,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
692,350,000 US dollars. Net cash provided.
Net income
735,665,000 US dollars
Amortization of intangible assets
138,116,000 US dollars
Other assets
negative 128,241,000 US dollars
Receivables from others
negative 231,927,000 US dollars
Operating leases
negative 6,697,000 US dollars
Amortization of debt issuance costs
6,963,000 US dollars
Accounts payable and accrued liabilities
negative 17,303,000 US dollars
Payables to broker-dealers and clearing organizations
448,877,000 US dollars
Increase (Decrease) in Other Operating Liabilities
182,352,000 US dollars
Loan forgiveness
283,469,000 US dollars
Accrued advisory and commission expenses payable
19,632,000 US dollars
Increase (Decrease) in Debt Securities, Trading, and Equity Securities, FV-NI
negative 108,789,000 US dollars
Other
4,063,000 US dollars
Depreciation and amortization
215,556,000 US dollars
Advisor loans, net
negative 502,964,000 US dollars
Deferred income taxes
4,731,000 US dollars
Share-based compensation
46,640,000 US dollars
Payables to clients
negative 51,942,000 US dollars
Receivables from clients
negative 190,831,000 US dollars
Receivables from product sponsors, broker-dealers and clearing organizations
negative 173,405,000 US dollars
Provision for bad debts
13,656,000 US dollars
Change in estimated fair value of contingent consideration
4,729,000 US dollars
Investing activities
negative 616,956,000 US dollars. Net cash used.
Capital expenditures
negative 365,208,000 US dollars
Acquisitions, net of cash acquired
negative 234,110,000 US dollars
Purchases of securities classified as held-to-maturity
negative 2,491,000 US dollars
Proceeds from maturity of securities classified as held-to-maturity
2,500,000 US dollars
Purchases of other investments
negative 12,064,000 US dollars
Capitalized interest
negative 5,583,000 US dollars
Financing activities
negative 201,388,000 US dollars. Net cash used.
Proceeds from revolving credit facilities
980,000,000 US dollars
Repayments of revolving credit facilities
negative 783,000,000 US dollars
Proceeds from senior unsecured notes
0 US dollars
Payment of debt issuance costs
negative 1,173,000 US dollars
Payment of contingent consideration
negative 29,133,000 US dollars
Tax payments related to settlement of restricted stock units
negative 20,063,000 US dollars
Proceeds from Issuance of Common Stock
0 US dollars
Incremental costs associated with issuance
0 US dollars
Repurchase of common stock
negative 309,476,000 US dollars
Dividends on common stock
negative 48,028,000 US dollars
Proceeds from stock option exercises and other
10,215,000 US dollars
Principal payment of financing obligation
negative 730,000 US dollars
Principal payment of finance leases and obligations
0 US dollars
Operating adjustment reconciliation
1,412,099,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
1,191,603,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
619,456,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Jun 30, 2026
2,928,746,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
3,747,090,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 125,994,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.94×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
692,350,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
365,208,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
327,142,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income exceeds operating cash. The diagram allocates $692.35M of net income directly to operating cash and $43.32M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 692,350,000 US dollars minus 365,208,000 US dollars equals 327,142,000 US dollars.
LPL Financial Holdings Inc. (LPLA) FY2026 YTD Q2 Statement of Cash Flows Sankey chart
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