Piper Jaffray Companies Consolidated Statements of Financial Condition December 31, 2013
December 31, 2012
(Amounts in thousands, except share data)
Assets Cash and cash equivalents ................................................................................................................. Cash and cash equivalents segregated for regulatory purposes ......................................................... Receivables: Customers........................................................................................................................................ Brokers, dealers and clearing organizations.................................................................................... Securities purchased under agreements to resell ...............................................................................
$
123,683 43,012
$
105,371 31,007
11,633 127,113 167,875
13,795 148,117 145,433
Financial instruments and other inventory positions owned.............................................................. Financial instruments and other inventory positions owned and pledged as collateral..................... Total financial instruments and other inventory positions owned...................................................
406,513 957,515 1,364,028
384,789 826,806 1,211,595
Fixed assets (net of accumulated depreciation and amortization of $62,311 and $61,032, respectively)..................................................................................................................................... Goodwill ............................................................................................................................................ Intangible assets (net of accumulated amortization of $31,869 and $23,876, respectively) ............. Investments ........................................................................................................................................ Other assets ........................................................................................................................................ Assets held for sale ............................................................................................................................ Total assets ......................................................................................................................................
16,114 210,634 39,930 112,043 102,092 — 2,318,157
15,089 196,844 41,258 85,772 88,799 4,653 2,087,733
Liabilities and Shareholders’ Equity Short-term financing .......................................................................................................................... Variable rate senior notes................................................................................................................... Payables: Customers........................................................................................................................................ Brokers, dealers and clearing organizations.................................................................................... Securities sold under agreements to repurchase ................................................................................ Financial instruments and other inventory positions sold, but not yet purchased ............................. Accrued compensation....................................................................................................................... Other liabilities and accrued expenses............................................................................................... Liabilities held for sale....................................................................................................................... Total liabilities.................................................................................................................................
$ $
Shareholders’ equity: Common stock, $0.01 par value: Shares authorized: 100,000,000 at December 31, 2013 and December 31, 2012; Shares issued: 19,537,127 at December 31, 2013 and 19,530,359 at December 31, 2012; Shares outstanding: 14,383,418 at December 31, 2013 and 15,213,796 at December 31, 2012 . Additional paid-in capital................................................................................................................ Retained earnings ............................................................................................................................ Less common stock held in treasury, at cost: 5,153,709 shares at December 31, 2013 and 4,316,563 shares at December 31, 2012........................................................................................ Accumulated other comprehensive income .................................................................................... Total common shareholders’ equity.............................................................................................. Noncontrolling interests ............................................................................................................... Total shareholders’ equity............................................................................................................. Total liabilities and shareholders’ equity...................................................................................... See Notes to the Consolidated Financial Statements
60
$
514,711 125,000
$ $
477,014 125,000
33,109 27,722 4,397 512,833 159,928 58,385 — 1,436,085
42,007 60,155 50,000 357,201 132,124 53,193 864 1,297,558
195 740,321 163,893
195 754,566 118,803
(170,629) 896 734,676
(140,939) 667 733,292
147,396 882,072
56,883 790,175
2,318,157
$
2,087,733