Parent Company Only Financial Statements

12 Months Ended

Dec. 31, 2018

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)	2018		2017
ASSETS:
Cash and cash equivalents	$	318	$	308
Investment securities		7		7
Investment in subsidiaries		2,596		2,462
Other assets		33		19
TOTAL ASSETS	$	2,954	$	2,796
LIABILITIES:
Accounts payable and accrued expenses	$	99	$	1
Partnership capital subject to mandatory redemption	$	2,855	$	2,795
TOTAL LIABILITIES	$	2,954	$	2,796

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

(Parent Company Only)

CONDENSED STATEMENTS OF INCOME

	For the Years Ended December 31,
(Dollars in millions)	2018			2017			2016
NET REVENUE
Subsidiary earnings	$	970		$	858		$	738
Management fee income		99			99			100
Other		22			15			10
Total revenue		1,091			972			848
Interest expense		67			67			68
Net revenue		1,024			905			780
OPERATING EXPENSES
Compensation and benefits		33			31			32
Other operating expenses		1			2			2
Total operating expenses		34			33			34
INCOME BEFORE ALLOCATIONS TO PARTNERS	$	990		$	872		$	746
Allocations to partners		(990	)		(872	)		(746	)
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)	2018			2017			2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	—		$	—		$	—
Adjustments to reconcile net income to net cash provided by    operating activities:
Income before allocations to partners		990			872			746
Changes in assets and liabilities:
Investment in subsidiaries		(134	)		(312	)		105
Investment securities		—			2			—
Other assets		(14	)		—			(4	)
Accounts payable and accrued expenses		1			1			—
Net cash provided by operating activities		843			563			847
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of partnership interests		60			80			72
Redemption of partnership interests		(199	)		(193	)		(178	)
Distributions from partnership capital		(694	)		(598	)		(616	)
Net cash used in financing activities		(833	)		(711	)		(722	)
Net increase (decrease) in cash and cash equivalents		10			(148	)		125
CASH AND CASH EQUIVALENTS:
Beginning of year		308			456			331
End of year	$	318		$	308		$	456
NON-CASH ACTIVITIES:
Issuance of general partnership interests through    partnership loans in current year	$	170		$	142		$	146
Repayment of partnership loans through distributions from    partnership capital in current year	$	135		$	111		$	98
Declaration of distributions from subsidiary in current year    but received after year end	$	56		$	129		$	—
Declared distributions for retired partnership capital    in current year but paid after year end	$	97		$	—		$	—