Full text of AMERICAN FUNDS DISTRIBUTORS, INC.'s X-17A-5 filed 2022-08-25 (period 2022-06-30). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ AMERICAN FUNDS DISTRIBUTORS, INC. (SEC FILE No. 8-17168) STATEMENT OF FINANCIAL CONDITION AS OF JUNE 30, 2022 AND REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM \* \* \* \* \* Filed in accordance with Rule 17a-5(e)(3) of the Securities Exchange Act of 1934 as a PUBLIC DOCUMENT. {1}------------------------------------------------ {2}------------------------------------------------ # Statement of financial condition June 30, 2022 (dollars in thousands, except share and par value amounts) | Assets | | |-------------------------------------------------------------|---------------| | Cash and cash equivalents | \lt;br>400,765 | | Receivables | 20,805 | | Prepaid expenses | 6,267 | | Other current assets | 23,706 | | Property, net of accumulated depreciation and | | | amortization of \$2,156 | 250 | | Deferred income taxes, net | 36,119 | | Total | \lt;br>487,912 | | Liabilities | | | Accounts payable and accrued expenses | \lt;br>133,879 | | Accrued compensation and benefits | 118,720 | | Income tax payable | 1,582 | | Total liabilities | 254,181 | | Stockholder's equity | | | Capital stock, \$1 par value — 1,000,000 shares authorized; | | | 500,000 shares issued and outstanding | 500 | | Additional paid-in capital | 545,900 | | Accumulated deficit | (312,669) | | Total stockholder's equity | 233,731 | | Total | \lt;br>487,912 | See notes to statement of financial condition. {3}------------------------------------------------ # 1. Summary of significant accounting policies Nature of operations — American Funds Distributors, Inc. (the "Company") is a wholly owned subsidiary of Capital Research and Management Company (the "Parent") and a second-tier subsidiary of The Capital Group Companies, Inc. ("Capital Group"). The Company is a registered broker-dealer under the Securities Exchange Act of 1934, and serves as the national distributor for the capital shares of investment companies and other investment products for which the Parent or its affiliates serve as investment adviser. The Company is also a registered investment adviser with the U.S. Securities and Exchange Commission (the "SEC") and a member firm of the Financial Industry Regulatory Authority, the Securities Investor Protection Corporation, and the Municipal Securities Rulemaking Board. Basis of presentation — The statement of financial condition is prepared in accordance with accounting principles generally accepted in the United States of Ameri…Read the full text as markdown