LIBERTY ALL STAR EQUITY FUND (USA)
The Liberty All-Star Equity Fund operates as a closed-end investment vehicle focused on equities. ALPS Advisers, Inc. serves as its principal manager, with co-management responsibilities shared among Aristotle Capital Management, LLC, Pzena Investment Management, LLC, Delaware Investments Fund Advisers, Sustainable Growth Advisers, LP, and TCW Investment Management Company. The fund's strategy involves allocating capital to public companies within the United States, specifically targeting a diverse array of sectors. Its primary focus is on large-capitalization stocks, embracing both value and growth investment philosophies. To assess its performance, the fund compares its portfolio against the Lipper Large-Cap Core Mutual Fund Average, the Dow Jones Industrial Average, the NASDAQ Composite Index, and the S&P 500 Index. This U.S.-domiciled fund was established on October 31, 1986.
Industry: Asset Management
Liberty All-Star Equity Fund
NYSE:USAFinancial Services · Asset Management
PrePre-market+0.00%$5.97
Close$5.97+0.67%
AH Close$5.97+0.00%vs close
Close$5.97+0.67%AH Close$5.97+0.00%vs close
Mkt Cap$1.84B
Float307.95M
O/S308.22M
Inst Own20.7%
SI0.1%
Div Yield11.22%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$199.72M
Net Income$167.9M
Total Assets$2.2B
Free Cash Flow$0
Debt & Equity
Debt 5%
Equity 95%
Total Debt$107.85M
Total Equity$2.06B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in USA's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$2.2B
Liabilities$139.35M
Accounts Receivable$278K
Accounts Payable$29.91M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Revenue | $199.72M | $218.74M | $180.72M | -$407.93M | $378.29M | $176.27M | $345.53M | -$54.23M | $254.92M | $20.23M | $19.33M | $15.97M | $16.43M | $17.43M |
| YoY Growth | -8.7% | 21.0% | -144.3% | -207.8% | 114.6% | -49.0% | -737.2% | -121.3% | 1160.4% | 4.6% | 21.0% | -2.8% | -5.7% | - |
| Cost of Revenue | $17.4M | $17.03M | $14.89M | $15.09M | $15.83M | $12.36M | $12.2M | $12.14M | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $182.32M | $201.71M | $165.83M | -$423.02M | $362.45M | $19.87M | $333.33M | -$66.37M | $254.92M | $20.23M | $19.33M | $15.97M | $16.43M | $17.43M |
| Gross Margin | 91.3% | 92.2% | 91.8% | 103.7% | 95.8% | 11.3% | 96.5% | 122.4% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $4.68M | $4.52M | $4.05M | $4.09M | $4.42M | $4.21M | $3.67M | $3.75M | $3.55M | $11.87M | $12.28M | $12.19M | $11.58M | $10.41M |
| Other | $9.74M | $135K | $148K | $147K | $129K | $9.69M | $120K | $115K | $102K | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $14.42M | $4.65M | $4.2M | $4.23M | $4.55M | $13.89M | $3.79M | $3.86M | $3.65M | $66.75M | $42.96M | $79.16M | $295.88M | $107.99M |
| Operating Income (EBIT) | $167.89M | $255.33M | $396.58M | -$412.16M | $373.74M | $240.92M | $341.73M | -$58.09M | $251.26M | $8.35M | $7.05M | $3.78M | $4.84M | $7.02M |
| Operating Margin | 84.1% | 116.7% | 219.4% | 101.0% | 98.8% | 136.7% | 98.9% | 107.1% | 98.6% | 41.3% | 36.5% | 23.7% | 29.5% | 40.3% |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $30.34M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $238K | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $4K | $598 | -$397 | $886 | -$680 | $2K | $0 | $12.14M | $0 | $78.62M | -$30.68M | $91.35M | $307.46M | $118.4M |
| Income Before Tax (EBT) | $167.9M | $255.33M | $396.58M | -$412.16M | $373.74M | $240.92M | $341.73M | -$58.09M | $251.26M | $86.97M | -$23.63M | $95.13M | $312.31M | $125.41M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$161K | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | $167.9M | $255.33M | $396.58M | -$412.16M | $373.74M | $240.92M | $341.73M | -$58.09M | $251.26M | $86.97M | -$23.63M | $95.13M | $312.31M | $125.41M |
| Net Income Margin | 84.1% | 116.7% | 219.4% | 101.0% | 98.8% | 136.7% | 98.9% | 107.1% | 98.6% | 430.0% | -122.2% | 595.5% | 1901.1% | 719.7% |
| Supplementary Data | ||||||||||||||
| EPS | 0.56 | 0.91 | 1.46 | -1.61 | 1.69 | 1.09 | 1.65 | -0.30 | 1.30 | 0.46 | -0.13 | 0.53 | 1.78 | 0.68 |
| Diluted EPS | 0.56 | 0.91 | 1.46 | -1.61 | 1.47 | 1.09 | 1.65 | -0.30 | 1.30 | 0.46 | -0.13 | 0.53 | 1.78 | 0.68 |
| Weighted Average OS | 299.82M | 280.59M | 271.63M | 256.00M | 221.15M | 220.07M | 207.44M | 193.63M | 193.28M | 189.44M | 184.05M | 179.03M | 175.42M | 185.32M |
| EBITDA | $167.9M | $255.33M | $396.58M | -$412.16M | $373.74M | $240.92M | $341.73M | -$58.09M | $0 | $0 | $0 | $0 | $0 | $0 |
| EBITDA Margin | 84.1% | 116.7% | 219.4% | 101.0% | 98.8% | 136.7% | 98.9% | 107.1% | - | - | - | - | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $41K | $0 | $63.36M | -$39.36M | $9K | $0 | $21K | -$48.42M | $18K | $11K | $2K | $3K | $843 | $4K |
| Short-Term Investments | $172.05M | $50.85M | $63.36M | $39.36M | $68.52M | $58.51M | $32.86M | $45.42M | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $172.09M | $50.85M | $63.36M | $39.36M | $68.52M | $58.51M | $32.88M | $45.42M | $18K | $11K | $2K | $3K | $843 | $4K |
| Accounts Receivable | $278K | $34.72M | $23.71M | $29.32M | $1.36M | $2.98M | $19.57M | $10.9M | $6.56M | $26.31M | $3.67M | $6.87M | $10.47M | $7.53M |
| Inventory | $0 | $0 | $0 | $29.73M | $1.74M | $0 | $19.77M | $11.02M | -$559K | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $6.2M | -$34.72M | -$63.09M | -$69.09M | -$70.46M | -$58.51M | -$52.71M | $3.12M | $559K | $9.37M | $70.47M | $56.12M | $34.61M | $20.53M |
| Total Current Assets | $178.57M | $50.85M | $24M | $29.32M | $1.36M | $2.98M | $19.57M | $10.9M | $6.58M | $35.69M | $74.14M | $63M | $45.08M | $28.06M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $2.02B | $2.01B | $1.87B | $1.56B | $2.11B | $1.62B | $1.46B | $1.2B | $1.35B | $1.16B | $1.08B | $1.2B | $1.15B | $977.07M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $8K | $0 | $9.17M | $0 | $0 | $0 | $0 | -$1.2B | -$1.35B | $13.4M | $32.91M | $0 | $0 | -$977.07M |
| Total Long-Term Assets | $2.02B | $2.01B | $1.88B | $1.56B | $2.11B | $1.62B | $1.46B | $1.2B | $1.35B | $1.17B | $1.12B | $1.2B | $1.15B | $977.07M |
| Other Assets | $0 | -$15.84M | -$9.17M | $407K | $573K | $285K | $258K | $122K | $97K | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $2.2B | $2.05B | $1.89B | $1.59B | $2.11B | $1.63B | $1.48B | $1.21B | $1.35B | $1.21B | $1.19B | $1.26B | $1.19B | $1.01B |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $29.91M | $29.14M | $23.37M | $23.11M | $27.86M | $21.39M | $35.33M | $21.16M | $23.04M | $22.74M | $2.58M | $7.44M | $3.61M | $5.1M |
| Short-Term Debt | $107.85M | $9.79M | $103K | $3.69M | $0 | $3.79M | $0 | $3M | $462K | $9.37M | $33.29M | $15.59M | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $17.6M | $0 | $18.17M | $22.57M | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | -$139.19M | -$9.57M | -$1.5M | -$8.54M | -$1.44M | -$26.33M | -$1.26M | -$28.08M | -$24.99M | $16.8M | $18.22M | $12.21M | $12.81M | $8.9M |
| Total Current Liabilities | $107.85M | $40.86M | $23.37M | $23.11M | $27.86M | $21.39M | $35.33M | $21.16M | $23.04M | $48.91M | $54.09M | $35.25M | $16.42M | $14.01M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $31.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $31.5M | $0 | $25.04M | $23.11M | $0 | $26.54M | $36.91M | $25.3M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | -$23.37M | -$18.01M | -$26.13M | -$26.54M | -$36.91M | -$21.16M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $139.35M | $40.86M | $25.04M | $28.22M | $29.59M | $21.39M | $35.33M | $25.3M | $23.04M | $48.91M | $54.09M | $35.25M | $16.42M | $14.01M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $1.71B | $1.62B | $1.54B | $1.47B | $1.47B | $1.19B | $1.14B | $1.09B | $1.06B | $1.04B | $1.01B | $983.71M | $963.8M | $1.09B |
| Retained Earnings | $355.6M | $384.37M | $328.68M | $96.44M | $612.24M | $406.92M | $299.48M | $91.47M | -$23.58M | $122.76M | $125.12M | $240.99M | $213.52M | -$94.9M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | -$1 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $290.93M | $0 | $0 | $0 | $0 | $0 |
| Total Equity | $2.06B | $2.01B | $1.87B | $1.57B | $2.08B | $1.6B | $1.44B | $1.18B | $1.33B | $1.16B | $1.14B | $1.22B | $1.18B | $991.13M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $2.2B | $2.05B | $1.89B | $1.59B | $2.11B | $1.62B | $1.48B | $1.21B | $1.35B | $1.21B | $1.19B | $1.26B | $1.19B | $1.01B |
| Supplementary Data | ||||||||||||||
| Total Debt | $107.85M | $9.79M | $103K | $3.69M | $0 | $3.79M | $0 | $3M | $462K | $9.37M | $33.29M | $15.59M | $0 | $0 |
| Net Debt | $107.81M | $9.79M | -$63.26M | $43.05M | -$9K | $62.3M | -$21K | $51.42M | $444K | $9.36M | $33.28M | $15.59M | -$843 | -$4K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Operating Activities | ||||||||||||||
| Net Income | $167.9M | $255.33M | $396.58M | -$412.16M | $373.74M | $240.92M | $341.73M | -$58.09M | $251.26M | $86.97M | -$23.63M | $95.13M | $312.31M | $125.41M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Working Capital Change | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Non-Cash Items | -$167.9M | -$255.33M | -$396.58M | $412.16M | -$373.74M | -$240.92M | -$341.73M | $58.09M | -$251.26M | -$86.97M | $23.63M | -$95.13M | -$312.31M | -$125.41M |
| Net Cash from Operating | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash at Beginning | $0 | $0 | $0 | $9K | $21K | $21K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash at End | $0 | $0 | $0 | $9K | $9K | $21K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |