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Item 8.Financial Statements and Supplementary Data.Index of Consolidated Financial Statements for the fiscal years ended September 30, 2009, 2008 and2007.CONTENTSManagement’s Report on Internal Control Over Financial Reporting ........................... 65Report of Independent Registered Public Accounting Firm .................................. 66Consolidated Financial Statements of Franklin Resources, Inc. and its consolidated subsidiaries:Consolidated Statements of Income for the fiscal years ended September 30, 2009, 2008 and 2007 . . . 67Consolidated Balance Sheets as of September 30, 2009 and 2008 ............................. 68Consolidated Statements of Stockholders’ Equity and Comprehensive Income as of and for the fiscalyears ended September 30, 2009, 2008 and 2007 ........................................ 70Consolidated Statements of Cash Flows for the fiscal years ended September 30, 2009, 2008 and2007 ........................................................................... 71Notes to Consolidated Financial Statements .............................................. 73All schedules have been omitted as the information is provided in the financial statements or in relatednotes thereto or is not required to be filed, as the information is not applicable.Certain required quarterly information is included in Item 7 of Part II of this Form 10-K report underthe heading “Selected Quarterly Financial Data (Unaudited)” and incorporated herein by reference.Page64
MANAGEMENT’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTINGThe management of Franklin Resources, Inc. and its consolidated subsidiaries (the “Company”) isresponsible for establishing and maintaining adequate internal control over financial reporting for theCompany. The Company’s internal control over financial reporting is a process designed under thesupervision of the Company’s principal executive and principal financial officers to provide reasonableassurance regarding the reliability of financial reporting and the preparation of the Company’s financialstatements for external purposes in accordance with accounting principles generally accepted in the UnitedStates of America.The Company’s internal control over financial reporting includes those policies and procedures that:(i) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect thetransactions and dispositions of the assets of the Company; (ii) provide reasonable assurance thattransactions are recorded as necessary to permit preparation of financial statements in accordance withaccounting principles generally accepted in the United States of America, and that receipts and expendituresof the Company are being made only in accordance with authorizations of management and directors of theCompany; and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorizedacquisition, use, or disposition of the Company’s assets that could have a material effect on the financialstatements.Because of its inherent limitations, internal control over financial reporting may not prevent or detectmisstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the riskthat controls may become inadequate because of changes in conditions, or that the degree of compliancewith the policies or procedures may deteriorate.Management assessed the effectiveness of the Company’s internal control over financial reporting asof September 30, 2009, based on the framework set forth by the Committee of Sponsoring Organizations ofthe Treadway Commission in Internal Control – Integrated Framework. Based on that assessment,management concluded that, as of September 30, 2009, the Company’s internal control over financialreporting was effective.The effectiveness of the Company’s internal control over financial reporting as of September 30, 2009has been audited by PricewaterhouseCoopers LLP, the independent registered public accounting firm thataudits the Company’s consolidated financial statements, as stated in their report immediately following thisreport, which expresses an unqualified opinion on the effectiveness of the Company’s internal control overfinancial reporting as of September 30, 2009.65
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G A I N F R O M O U R P E R S P E C
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Letter to StockholdersGregory E. Jo
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LETTER TO STOCKHOLDERSHaving announ
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Directors and OfficersDirectorsChar
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Performance GraphThe following perf
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(MARK ONE)UNITED STATESSECURITIES A
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operational and other services requ
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A. Assets Under Management (“AUM
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60 days. If agreements representing
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Similar arrangements exist with the
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We generally operate our institutio
Page 24 and 25: Franklin Templeton Variable Insuran
Page 26 and 27: CATEGORY(and approximate amount of
Page 28 and 29: The following table sets forth the
Page 30 and 31: Korea; the Commission de Surveillan
Page 32 and 33: COMPETITIONThe financial services i
Page 34 and 35: or other efforts successfully stabi
Page 36 and 37: and, consequently, we are incurring
Page 38 and 39: such as information, systems and te
Page 40 and 41: like our business, is based in part
Page 42 and 43: orrowing costs and limit our access
Page 44 and 45: director of various subsidiaries of
Page 46 and 47: PART IIItem 5. Market for Registran
Page 48 and 49: OverviewWe are a global investment
Page 50 and 51: Net income decreased in fiscal year
Page 52 and 53: Investment Management Fee RateThe f
Page 54 and 55: accounts closed in a calendar year
Page 56 and 57: Information Systems, Technology and
Page 58 and 59: Our investments in sponsored invest
Page 60 and 61: At September 30, 2009, we had $355.
Page 62 and 63: Off-Balance Sheet ArrangementsAs of
Page 64 and 65: The fair value of retained subordin
Page 66 and 67: Indefinite-lived intangible assets
Page 68 and 69: the position will be sustained upon
Page 70 and 71: Selected Quarterly Financial Data (
Page 72 and 73: The following is a summary of the e
Page 76 and 77: REPORT OF INDEPENDENT REGISTERED PU
Page 78 and 79: CONSOLIDATED BALANCE SHEETS(dollars
Page 80 and 81: CONSOLIDATED STATEMENTS OF STOCKHOL
Page 82 and 83: CONSOLIDATED STATEMENTS OF CASH FLO
Page 84 and 85: Fair Value Measurements. The Compan
Page 86 and 87: Company held interest-rate swap agr
Page 88 and 89: not performed. If the carrying valu
Page 90 and 91: Accumulated Other Comprehensive Inc
Page 92 and 93: acquisition cost was allocated to t
Page 94 and 95: FHLB borrowings and amounts availab
Page 96 and 97: The Company recognized other-than-t
Page 98 and 99: The changes in Level 3 assets measu
Page 100 and 101: Changes in the allowance for loan l
Page 102 and 103: Company sold retained subordinated
Page 104 and 105: Certain of the goodwill and intangi
Page 106 and 107: At September 30, 2009, maturities o
Page 108 and 109: The components of the net deferred
Page 110 and 111: At September 30, 2009, the banking/
Page 112 and 113: Total assets under management of in
Page 114 and 115: Stock OptionsThe following table su
Page 116 and 117: The following tables summarize info
Page 118 and 119: Operating revenues of the banking/f
Page 120 and 121: minimum Tier 1 and Total risk-based
Page 122 and 123: PART IIIItem 10. Directors, Executi
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Item 15.(a)(1)(a)(2)(a)(3)PART IVEx
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Exhibit No.Description10.17 Represe
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Exhibit No.Description12 Computatio
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Exhibit No.DescriptionEXHIBIT INDEX
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Exhibit No.Description10.22 Amendme
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(dollars in thousands)COMPUTATION O
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NameState or Nation ofIncorporation
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CONSENT OF INDEPENDENT REGISTERED P
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EXHIBIT 31.2CERTIFICATIONI, Kenneth
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CERTIFICATION PURSUANT TO 18 U.S.C.
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One Franklin ParkwaySan Mateo, CA 9
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