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GuruFocus has detected 4 Warning Signs with Legg Mason Inc $LM.
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Legg Mason Inc (NYSE:LM)
Pre-Tax Income
$275 Mil (TTM As of Dec. 2016)

Pretax income is the income that a company earns before paying income taxes. Legg Mason Inc's pretax income for the three months ended in Dec. 2016 was $91 Mil. Its pretax income for the trailing twelve months (TTM) ended in Dec. 2016 was $275 Mil. Legg Mason Inc's pretax margin was 12.72%.

During the past 13 years, Legg Mason Inc's highest Pretax Margin was 24.03%. The lowest was -94.96%. And the median was 11.95%.


Definition

This is the income that a company earns before paying income taxes.

Legg Mason Inc's Pretax Income for the fiscal year that ended in Mar. 2016 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=50.831+-33.22+-48.463+5.634+-3.5527136788E-15
=-25

Legg Mason Inc's Pretax Income for the quarter that ended in Dec. 2016 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=111.166+7.584+-29.495+1.713+1.42108547152E-14
=91

Legg Mason Inc Pre-Tax Income for the trailing twelve months (TTM) ended in Dec. 2016 was 6.448 (Mar. 2016 ) + 60.651 (Jun. 2016 ) + 116.434 (Sep. 2016 ) + 90.968 (Dec. 2016 ) = $275 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

Legg Mason Inc's Pretax Margin for the quarter that ended in Dec. 2016 is calculated as

Pretax Margin=Pretax Income/Revenue
=90.968/715.241
=12.72%

During the past 13 years, Legg Mason Inc's highest Pretax Margin was 24.03%. The lowest was -94.96%. And the median was 11.95%.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Operating Income, Interest Expense, Interest Income, Non-Recurring Items, Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Legg Mason Inc Annual Data

Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16Mar17
Pretax Income 444-3,188330365303-511420368-25371

Legg Mason Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
Pretax Income 11812712091-24266111691103
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