Waddell & Reed Financial (Waddell & Reed Financial) Cash And Cash Equivalents : $194 Mil (As of Mar. 2021)

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What is Waddell & Reed Financial Cash And Cash Equivalents?

Waddell & Reed Financial's quarterly cash and cash equivalents increased from Sep. 2020 ($165.26 Mil) to Dec. 2020 ($273.76 Mil) but then stayed the same from Dec. 2020 ($273.76 Mil) to Mar. 2021 ($193.86 Mil).

Waddell & Reed Financial's annual cash and cash equivalents declined from Dec. 2018 ($232.00 Mil) to Dec. 2019 ($151.82 Mil) but then increased from Dec. 2019 ($151.82 Mil) to Dec. 2020 ($273.76 Mil).

Waddell & Reed Financial Cash And Cash Equivalents Historical Data

The historical data trend for Waddell & Reed Financial's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Waddell & Reed Financial Cash And Cash Equivalents Chart

Waddell & Reed Financial Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Cash And Cash Equivalents

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555.10

207.83

232.00

151.82

273.76

Waddell & Reed Financial Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Cash And Cash Equivalents	Get a 7-Day Free Trial															160.32	156.71	165.26	273.76	193.86

Waddell & Reed Financial Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Waddell & Reed Financial (NYSE:WDR) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Waddell & Reed Financial Cash And Cash Equivalents Related Terms

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Waddell & Reed Financial (Waddell & Reed Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Waddell & Reed Financial Inc (NYSE:WDR) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

6300 Lamar Avenue, Overland Park, KS, USA, 66202

Website

https://www.waddell.com

Waddell & Reed is a midsize asset manager that had $74.8 billion in assets under management at the end of 2020. The firm provides investment services for individual and institutional investors. Retail distribution, which accounts for 95% of managed assets, is handled through the company's own registered investment advisors (58% of AUM) and third-party broker/dealers and advisors (37%) in the wholesale channel. Equity-driven strategies account for an estimated 80% of total AUM, with fixed-income (18%) and money market (2%) offerings accounting for the remainder. The company has no discernible reach outside the United States.

Executives

Daniel P Hanson	officer: SVP & CIO	6300 LAMAR AVENUE OVERLAND PARK KS 66202
Mark P. Buyle	officer: SVP, GC, CLO and Secretary	6300 LAMAR AVENUE OVERLAND PARK KS 66202
Shawn M. Mihal	officer: SVP - Wealth Management	6300 LAMAR AVENUE OVERLAND PARK KS 66202
Amy J. Scupham	officer: SVP - Distribution	6300 LAMAR AVENUE OVERLAND PARK KS 66202
Christopher W. Rackers	officer: SVP and CAO	6300 LAMAR AVENUE OVERLAND PARK KS 66202
Benjamin R Clouse	officer: SVP & CFO	11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Michael John Daley	officer: VP - Chief Acct Off,IR & Treas	11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Brent K Bloss	officer: President	6300 LAMAR AVE OVERLAND PARK KS 66202
Philip James Sanders	director, officer: CEO	6300 LAMAR AVENUE, OVERLAND PARK KS 66202
Kline Katherine M. A.	director	100 PIER 1 PLACE, FORT WORTH TX 76102
Weaver Constance K	director	2900 ESPERANZA CROSSING, 2ND FLOOR, AUSTIN TX 78758
Sharilyn S Gasaway	director	ONE ALLIED DRIVE, LITTLE ROCK AR 72202
James A. Jessee	director	6300 LAMAR AVENUE OVERLAND PARK KS 66202
Alan W Kosloff	director	6300 LAMAR AVE OVERLAND PARK KS 66202
Thomas C Godlasky	director	6300 LAMAR AVENUE OVERLAND PARK KS 66202