Parent Company Only Financial Statements

12 Months Ended

Dec. 31, 2021

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Parent Company Only Financial Statements

THE JONES FINANCIAL COMPANIES, L.L.L.P.

(Parent Company Only)

CONDENSED STATEMENTS OF FINANCIAL CONDITION

	December 31,		December 31,
(Dollars in millions)	2021		2020
ASSETS:
Cash and cash equivalents	$	266	$	323
Investment securities		74		3
Investment in subsidiaries		3,632		3,356
Other assets		41		55
TOTAL ASSETS	$	4,013	$	3,737
LIABILITIES:
Accounts payable and accrued expenses	$	258	$	148
Partnership capital subject to mandatory redemption	$	3,755	$	3,589
TOTAL LIABILITIES	$	4,013	$	3,737

THE JONES FINANCIAL COMPANIES, L.L.L.P.

(Parent Company Only)

CONDENSED STATEMENTS OF INCOME

	For the Years Ended December 31,
(Dollars in millions)	2021			2020			2019
NET REVENUE
Subsidiary earnings	$	1,593		$	1,271		$	1,064
Management fee income		2,395			1,852			1,411
Other		13			15			29
Total revenue		4,001			3,138			2,504
Interest expense		92			93			94
Net revenue		3,909			3,045			2,410
OPERATING EXPENSES
Compensation and benefits		2,303			1,759			1,317
Other operating expenses		1			1			1
Total operating expenses		2,304			1,760			1,318
INCOME BEFORE ALLOCATIONS TO PARTNERS	$	1,605		$	1,285		$	1,092
Allocations to partners		(1,605	)		(1,285	)		(1,092	)
NET INCOME	$	—		$	—		$	—

THE JONES FINANCIAL COMPANIES, L.L.L.P.

(Parent Company Only)

CONDENSED STATEMENTS OF CASH FLOWS

	For the Years Ended December 31,
(Dollars in millions)	2021			2020			2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	—		$	—		$	—
Adjustments to reconcile net income to net cash provided by    operating activities:
Income before allocations to partners		1,605			1,285			1,092
Changes in assets and liabilities:
Investment in subsidiaries		(71	)		(1	)		(513	)
Investment securities		(276	)		(247	)		5
Other assets		14			(6	)		(16	)
Accounts payable and accrued expenses		1			—			1
Net cash provided by operating activities		1,273			1,031			569
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of partnership loans		17			—			—
Issuance of partnership interests		66			50			432
Redemption of partnership interests		(260	)		(214	)		(216	)
Distributions from partnership capital		(1,153	)		(864	)		(783	)
Net cash used in financing activities		(1,330	)		(1,028	)		(567	)
Net (decrease) increase in cash and cash equivalents		(57	)		3			2
CASH AND CASH EQUIVALENTS:
Beginning of year		323			320			318
End of year	$	266		$	323		$	320
NON-CASH ACTIVITIES:
Issuance of general partnership interests through    partnership loans in current year	$	222		$	163		$	164
Repayment of partnership loans through distributions from    partnership capital in current year	$	225		$	182		$	136
Declaration of distributions from subsidiary in current year    but received after year end	$	434		$	474		$	428
Declared distributions for retired partnership capital    in current year but unpaid at year-end	$	254		$	145		$	109