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Beyond Milestones   2013 Annual Report

Financial Information

Baird Financial Group is the ultimate parent company of all of Baird's global operations. Our primary businesses are wealth management, capital markets, asset management and private equity. Baird is fully independent and employee-owned.

Net Revenues
(millions)

2013 Net Revenues

Operating Income
(millions)

2013 Operating Income

Associates

2013 Associates

Book Value*
(per share)

2013 Book Value

* The 2013 value of Baird stock includes the book value of $31.78 per share on December 31, 2013, and cumulative cash dividends per share of $1.65, $1.60 and $7.50 paid in December of 2013, 2012 and 2011, respectively. Similarly, 2012 and 2011 values include the year-end book value and applicable cumulative cash dividends.

Total Capital**
(millions)

2013 Total Capital

** The declines in total capital during 2011 and 2012 were primarily related to the payment of dividends, repurchase of shares and reduction of long-term debt.

 

©2014 Robert W. Baird & Co. Incorporated
Member SIPC.

"Baird" is the marketing name for Robert W. Baird & Co. Incorporated and its subsidiaries and affiliates worldwide.
Robert W. Baird Limited and Baird Capital Partners Europe Limited are authorized and regulated in the United Kingdom by the Financial Conduct Authority.
Services or products may not be available in all jurisdictions or to all persons/entities.
For additional information please visit Important Disclosures at rwbaird.com.

Baird Financial Group: Financial Highlights

Operating Results Per Share Data Financial
Position
Capital Other Data
  Net
Revenues
(millions)
Operating
Income
(millions)
Book Value
(fully diluted)
Cash
Dividend
Total Assets
(millions)
Total Capital
(millions)
Associates Financial
Advisors
2013 $1,069 $117 $31.78 $1.65 $2,259 $707 2,935 727
2012 $961 $100 $29.98 $1.60 $2,340 $703 2,787 698
2011 $925 $86 $27.19 $7.50 $2,264 $716 2,752 694
2010 $847 $84 $31.51 $2,414 $741 2,629 680
2009 $718 $62 $28.60 $2,159 $703 2,458 660
2008 $680 $71 $26.89 $1,140 $699 2,407 600
2007 $729 $105 $24.84 $1,752 $614 2,282 592
2006 $624 $94 $21.17 $1,681 $556 2,191 591
2005 $588 $80 $18.44 $1,311 $554 2,234 600
2004 $566 $75 $16.10 $1,332 $475 2,309 632
2013
Operating Results
Net Revenues (millions)$1,069
Operating Income (millions)$117
Per Share Data
Book Value (fully diluted)$31.78
Cash Dividend$1.65
Financial Position
Total Assets (millions)$2,259
Capital
Total Capital (millions)$707
Other Data
Associates2,935
Financial Advisors727
2012
Operating Results
Net Revenues (millions)$961
Operating Income (millions)$100
Per Share Data
Book Value (fully diluted)$29.98
Cash Dividend$1.60
Financial Position
Total Assets (millions)$2,340
Capital
Total Capital (millions)$703
Other Data
Associates2,787
Financial Advisors698
2011
Operating Results
Net Revenues (millions)$925
Operating Income (millions)$86
Per Share Data
Book Value (fully diluted)$27.19
Cash Dividend$7.50
Financial Position
Total Assets (millions)$2,264
Capital
Total Capital (millions)$716
Other Data
Associates2,752
Financial Advisors694
2010
Operating Results
Net Revenues (millions)$847
Operating Income (millions)$84
Per Share Data
Book Value (fully diluted)$31.51
Cash Dividend
Financial Position
Total Assets (millions)$2,414
Capital
Total Capital (millions)$741
Other Data
Associates2,629
Financial Advisors680
2009
Operating Results
Net Revenues (millions)$718
Operating Income (millions)$62
Per Share Data
Book Value (fully diluted)$28.60
Cash Dividend
Financial Position
Total Assets (millions)$2,159
Capital
Total Capital (millions)$703
Other Data
Associates2,458
Financial Advisors660
2008
Operating Results
Net Revenues (millions)$680
Operating Income (millions)$71
Per Share Data
Book Value (fully diluted)$26.89
Cash Dividend
Financial Position
Total Assets (millions)$1,140
Capital
Total Capital (millions)$699
Other Data
Associates2,407
Financial Advisors600
2007
Operating Results
Net Revenues (millions)$729
Operating Income (millions)$105
Per Share Data
Book Value (fully diluted)$24.84
Cash Dividend
Financial Position
Total Assets (millions)$1,752
Capital
Total Capital (millions)$614
Other Data
Associates2,282
Financial Advisors592
2006
Operating Results
Net Revenues (millions)$624
Operating Income (millions)$94
Per Share Data
Book Value (fully diluted)$21.17
Cash Dividend
Financial Position
Total Assets (millions)$1,681
Capital
Total Capital (millions)$556
Other Data
Associates2,191
Financial Advisors591
2005
Operating Results
Net Revenues (millions)$588
Operating Income (millions)$80
Per Share Data
Book Value (fully diluted)$18.44
Cash Dividend
Financial Position
Total Assets (millions)$1,311
Capital
Total Capital (millions)$554
Other Data
Associates2,234
Financial Advisors600
2004
Operating Results
Net Revenues (millions)$566
Operating Income (millions)$75
Per Share Data
Book Value (fully diluted)$16.10
Cash Dividend
Financial Position
Total Assets (millions)$1,332
Capital
Total Capital (millions)$475
Other Data
Associates2,309
Financial Advisors632

Financial information does not reflect the consolidation of certain private equity partnerships.

Net Revenues: Net revenues have been restated for comparability as the result of two transactions: the 2005 sale of our U.K. equity capital markets business that focused on small-cap companies, affecting 2004 - 2005 revenues, and the completion of a correspondent clearing services contract with Northwestern Mutual Investment Services in 2006, affecting 2004 - 2006 revenues.

Book Value: Baird paid cash dividends per share of $1.65, $1.60 and $7.50 in December of 2013, 2012 and 2011, respectively, which resulted in corresponding decreases in book value. In addition, per share amounts have been restated to give effect for a two-for-one stock split, effective February 19, 2008.

Total Capital: Total Capital includes stockholders' equity, consolidated subordinated debt and other consolidated debt having a maturity of at least one year. The regulatory net capital of Robert W. Baird & Co., the principal operating subsidiary of Baird Financial Group, was $237.6 million at the end of 2013, which is 65 times the required amount.

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