Parent Company Only Financial Statements

12 Months Ended

Dec. 31, 2020

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)	2020		2019
ASSETS:
Cash and cash equivalents	$	323	$	320
Investment securities		3		2
Investment in subsidiaries		3,356		3,109
Other assets		55		49
TOTAL ASSETS	$	3,737	$	3,480
LIABILITIES:
Accounts payable and accrued expenses	$	148	$	116
Partnership capital subject to mandatory redemption	$	3,589	$	3,364
TOTAL LIABILITIES	$	3,737	$	3,480

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

(Parent Company Only)

CONDENSED STATEMENTS OF INCOME

	For the Years Ended December 31,
(Dollars in millions)	2020			2019			2018
NET REVENUE
Subsidiary earnings	$	1,271		$	1,064		$	970
Management fee income		1,852			1,411			99
Other		15			29			22
Total revenue		3,138			2,504			1,091
Interest expense		93			94			67
Net revenue		3,045			2,410			1,024
OPERATING EXPENSES
Compensation and benefits		1,759			1,317			33
Other operating expenses		1			1			1
Total operating expenses		1,760			1,318			34
INCOME BEFORE ALLOCATIONS TO PARTNERS	$	1,285		$	1,092		$	990
Allocations to partners		(1,285	)		(1,092	)		(990	)
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)	2020			2019			2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	—		$	—		$	—
Adjustments to reconcile net income to net cash provided by    operating activities:
Income before allocations to partners		1,285			1,092			990
Changes in assets and liabilities:
Investment in subsidiaries		(1	)		(513	)		(134	)
Investment securities		(247	)		5			—
Other assets		(6	)		(16	)		(14	)
Accounts payable and accrued expenses		—			1			1
Net cash provided by operating activities		1,031			569			843
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of partnership interests		50			432			60
Redemption of partnership interests		(214	)		(216	)		(199	)
Distributions from partnership capital		(864	)		(783	)		(694	)
Net cash used in financing activities		(1,028	)		(567	)		(833	)
Net increase in cash and cash equivalents		3			2			10
CASH AND CASH EQUIVALENTS:
Beginning of year		320			318			308
End of year	$	323		$	320		$	318
NON-CASH ACTIVITIES:
Issuance of general partnership interests through    partnership loans in current year	$	163		$	164		$	170
Repayment of partnership loans through distributions from    partnership capital in current year	$	182		$	136		$	135
Declaration of distributions from subsidiary in current year    but received after year end	$	474		$	428		$	56
Declared distributions for retired partnership capital    in current year but unpaid at year end	$	145		$	109		$	97