Company: SFB
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027702
Chunk: 325

Company: STIFEL FINANCIAL CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 3
Chunk 325
---
 3,523,849

    2,229,002

    2,149,657

    Cash, cash equivalents, and cash segregated for regulatory purposes at end of year
     
    $
    2,678,203

    $
    3,523,849

    $
    2,229,002

    Cash and cash equivalents
     
    $
    2,648,308

    $
    3,361,801

    $
    2,199,985

    Cash segregated for regulatory purposes

    29,895

    162,048

    29,017

    Total cash, cash equivalents, and cash segregated for regulatory purposes
     
    $
    2,678,203

    $
    3,523,849

    $
    2,229,002

See accompanying Notes to Consolidated Financial Statements.

75

STIFEL FINANCIAL CORP.

Consolidated Statements of Cash Flows (continued)

    Year Ended December 31,

    (in thousands)
     
    2024

    2023

    2022

    Supplemental disclosure of cash flow information:

    Cash paid for interest
     
    $
    995,530

    $
    821,741

    $
    220,851

    Cash paid for income taxes, net of refunds
     
    $
    232,948

    $
    183,815

    $
    217,133

    Noncash investing and financing activities:

    Unit grants, net of forfeitures
     
    $
    166,595

    $
    188,641

    $
    194,741

See accompanying Notes to Consolidated Financial Statements.

76

STIFEL FINANCIAL CORP.

Notes to Consolidated Financial Statements

NOTE 1 – Nature of Operations and Basis of PresentationNature of OperationsStifel Financial Corp. (the “Company”), through its wholly owned subsidiaries, is principally engaged in retail brokerage; securities trading; investment banking; investment advisory; retail, consumer, and commercial banking; and related financial services. Our major geographic area of concentration is throughout the United States, the United Kingdom, and Canada, with a growing presence in Europe. Our company’s principal customers are individual investors, corporations, municipalities, and institutions. We have organized our operations into three reportable segments: Global Wealth Management, Institutional Group, and Other.