JONES FINANCIAL COMPANIES LLLP

CIK:0000815917|SEC Filings

Consolidated Statements of Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 26, 2026	Jun. 27, 2025	Jun. 26, 2026	Jun. 27, 2025
Revenue:
Revenue	$ 4,759	$ 3,981	$ 9,278	$ 7,904
Interest and dividends	224	265	453	535
Other revenue, net	59	38	29	63
Total revenue	5,042	4,284	9,760	8,502
Interest expense	40	49	81	100
Net revenue	5,002	4,235	9,679	8,402
Operating expenses:
Compensation and benefits	3,464	3,007	6,743	5,897
Communications and data processing	356	277	673	544
Occupancy and equipment	177	164	344	327
Fund sub-adviser fees	103	89	204	173
Professional and consulting fees	78	62	140	123
Advertising	45	37	88	76
Other operating expenses	174	128	341	278
Total operating expenses	4,397	3,764	8,533	7,418
Income before allocations	605	471	1,146	984
Allocations:
Limited partners	81	71	149	142
Profits interests	32	16	59	33
Subordinated limited partners	64	49	124	105
General partners	428	335	814	704
Net income	$ 0	$ 0	$ 0	$ 0
Income allocated to limited partners per weighted average $1,000 equivalent limited partnership unit outstanding	$ 41.84	$ 36.71	$ 79.71	$ 75.6
Weighted average $1,000 equivalent limited partnership units outstanding	1,723,503	1,730,731	1,725,947	1,733,793
Total Fee Revenue [Member]
Revenue:
Revenue	$ 4,299	$ 3,532	$ 8,368	$ 7,012
Asset-based Fee Revenue [Member]
Revenue:
Revenue	4,111	3,346	7,993	6,640
Account and Activity Fee Revenue [Member]
Revenue:
Revenue	188	186	375	372
Trade Revenue [Member]
Revenue:
Revenue	$ 460	$ 449	$ 910	$ 892

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 26, 2026	Jun. 27, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss)	$ 0	$ 0
Adjustments to reconcile net income to net cash provided by operating activities:
Income before allocations	1,146	984
Foreign currency translation	2	4
Depreciation and amortization	402	343
Changes in assets and liabilities:
Investments segregated under federal regulations	2,417	2,277
Securities purchased under agreements to resell	475	1,263
Net payable to clients	(3,336)	(1,449)
Net receivable from brokers, dealers and clearing organizations	449	5
Receivable from mutual funds, insurance companies and other	(307)	(55)
Securities owned	(147)	(248)
Other assets	(80)	(85)
Lease liabilities	(189)	(180)
Accrued compensation and employee benefits	(830)	(745)
Accounts payable, accrued expenses and other	(515)	(97)
Net cash (used in) provided by operating activities	(513)	2,017
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of fixed assets	(304)	(297)
Cash used in investing activities	(304)	(297)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of partnership loans	265	42
Issuance of partnership interests	359	70
Redemption of partnership interests	(79)	(106)
Distributions from partnership capital	(1,143)	(1,141)
Net cash used in financing activities	(598)	(1,135)
Net (decrease) increase in cash, cash equivalents and restricted cash	(1,415)	585
CASH, CASH EQUIVALENTS AND RESTRICTED CASH:
Beginning of period	8,380	6,350
End of period	$ 6,965	$ 6,935

Consolidated Statements of Financial Condition (Unaudited) - USD ($) $ in Millions	Jun. 26, 2026	Dec. 31, 2025
ASSETS:
Cash and cash equivalents	$ 1,859	$ 3,782
Cash and investments segregated under federal regulations	12,160	14,069
Securities purchased under agreements to resell	212	687
Receivables from:
Clients	6,068	5,369
Mutual funds, insurance companies and other	1,354	1,047
Brokers, dealers and clearing organizations	180	520
Securities owned, at fair value:
Investment securities	598	477
Inventory securities	80	54
Fixed assets, at cost, net of accumulated depreciation and amortization	1,852	1,759
Lease right-of-use assets	1,210	1,169
Other assets	1,649	1,575
TOTAL ASSETS	27,222	30,508
Payables to
Clients	15,968	18,605
Brokers, dealers and clearing organizations	204	95
Accrued compensation and employee benefits	2,770	3,600
Accounts payable, accrued expenses and other	1,674	2,190
Lease liabilities	1,254	1,216
Total liabilities before partnership capital	21,870	25,706
Contingencies (Note 8)
Partnership capital subject to mandatory redemption, net of reserve for anticipated withdrawals and partnership loans	5,012	4,124
Reserve for anticipated withdrawals	340	678
Total partnership capital and profits interests subject to mandatory redemption	5,352	4,802
TOTAL LIABILITIES	27,222	30,508
Limited Partnership Capital [Member]
Payables to
Partnership capital subject to mandatory redemption, net of reserve for anticipated withdrawals and partnership loans	1,722	1,713
Subordinated Limited Partnership Capital [Member]
Payables to
Partnership capital subject to mandatory redemption, net of reserve for anticipated withdrawals and partnership loans	746	742
General Partnership Capital [Member]
Payables to
Partnership capital subject to mandatory redemption, net of reserve for anticipated withdrawals and partnership loans	$ 2,544	$ 1,669