← Acadian Asset Management Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | $9.1m | $130.3m | $240.0m | $315.5m | $896.4m | $100.6m | $67.1m | $86.8m | $106.6m | |
| Less: Net income attributable to redeemable non-controlling interests in consolidated Funds | — | — | ($5.8m) | ($400k) | $0 | $0 | $0 | $0 | $0 | |
| Net Income From Continuing Operations | — | — | — | — | — | $100.6m | $65.8m | $85.0m | $80.0m | |
| Depreciation and amortization | $11.7m | $14.5m | $17.2m | $21.0m | $22.1m | $18.5m | $17.3m | $18.5m | $16.6m | |
| Amortization of debt-related costs | $3.1m | $3.3m | $3.7m | $4.3m | $4.6m | $5.6m | $4.1m | $4.4m | $7.2m | |
| Amortization and revaluation of non-cash compensation awards | $192.3m | $198.8m | ($13.4m) | ($4.9m) | $39.1m | ($30.3m) | $7.4m | $30.5m | $53.8m | |
| Amortization Cash Flow | — | — | — | — | $100k | $100k | $0 | $0 | — | |
| Amortization Of Intangibles | — | — | — | — | $100k | $100k | $0 | $0 | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | $18.6m | $17.3m | $18.5m | $16.6m | |
| Deferred income taxes | $93.3m | ($29.2m) | $25.5m | $75.0m | ($5.0m) | $6.4m | ($6.0m) | ($10.2m) | $1.5m | |
| Deferred Income Tax | — | — | — | — | — | $6.4m | ($6.0m) | ($10.2m) | $1.5m | |
| Deferred Tax | — | — | — | — | — | $6.4m | ($6.0m) | ($10.2m) | $1.5m | |
| Asset Impairment Charge | — | — | — | — | $0 | $0 | — | — | — | |
| Loss on extinguishment of debt | — | — | — | $0 | $0 | $3.2m | $0 | $0 | $1.4m | |
| Increase (decrease) in accrued incentive compensation, operating lease liabilities and other liabilities | — | — | ($259.1m) | ($9.7m) | $44.7m | ($33.4m) | $10.2m | $15.1m | ($5.1m) | |
| Increase (decrease) in accounts payable, accrued expenses and accrued income taxes | $15.3m | ($46.1m) | ($50.1m) | ($5.5m) | ($153.0m) | $2.4m | $5.2m | ($1.2m) | $700k | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | ($2.6m) | $0 | $0 | — | — | |
| (Gains) on other investments | ($43.0m) | $15.1m | ($31.1m) | ($4.2m) | ($8.8m) | $3.4m | ($6.7m) | ($12.1m) | ($34.4m) | |
| (Increase) in investment advisory fees receivable | — | — | — | — | — | — | ($20.9m) | ($21.3m) | ($13.8m) | |
| Decrease in other receivables, prepayments, deposits and other assets | ($31.6m) | $21.9m | ($24.4m) | $17.8m | $2.2m | ($2.1m) | $200k | $600k | $900k | |
| (Increase) decrease in receivables and other assets | ($800k) | ($14.1m) | $7.5m | ($32.2m) | $0 | ($2.4m) | ($3.5m) | ($900k) | $116.6m | |
| Increase (decrease) in accounts payable and other liabilities | $2.1m | $13.0m | ($7.9m) | $6.7m | $0 | $300k | $0 | $400k | ($59.4m) | |
| Additions of fixed assets | ($13.7m) | ($21.7m) | ($33.9m) | ($27.2m) | ($15.1m) | ($16.1m) | ($13.8m) | ($9.9m) | ($11.9m) | |
| Net consolidation (deconsolidation) of Funds | — | — | — | — | — | — | ($12.5m) | $0 | $10.4m | |
| Proceeds from third party borrowings and revolving credit facility | — | — | — | — | $176.0m | $214.0m | $113.5m | $139.0m | $337.0m | |
| Repayment of third party borrowings and revolving credit facility | — | — | — | — | ($176.0m) | ($339.0m) | ($113.5m) | ($139.0m) | ($413.1m) | |
| Proceeds from stock issuance | — | — | $0 | $0 | $2.7m | $0 | $0 | $100k | $0 | |
| Payment to OM plc for co-investment redemptions | ($4.8m) | ($3.9m) | ($5.1m) | ($300k) | ($1.5m) | ($1.1m) | ($400k) | ($200k) | $0 | |
| Withholding tax payments related to stock option exercise and restricted stock vesting | — | — | $0 | $0 | ($28.6m) | ($2.3m) | ($2.4m) | ($11.4m) | ($200k) | |
| Redeemable non-controlling interest capital raised | $33.4m | $88.6m | $37.9m | $152.8m | $0 | $0 | $9.9m | $56.0m | $146.3m | |
| Redeemable non-controlling interest capital redeemed | $0 | ($400k) | ($1.7m) | ($1.1m) | $0 | $0 | $0 | $0 | ($5.0m) | |
| Beginning Cash Position | — | — | — | — | — | $252.1m | $121.2m | $147.6m | $98.5m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | ($233.7m) | $1.8m | ($54.4m) | $12.1m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | ($13.0m) | ($43.9m) | ($50.1m) | $15.7m | |
| Cash From Discontinued Financing Activities | — | — | — | — | ($27.2m) | $0 | $0 | — | — | |
| Cash From Discontinued Investing Activities | — | — | — | — | $952.4m | $0 | $0 | — | — | |
| Change In Account Payable | — | — | — | — | — | $2.7m | $5.2m | ($800k) | ($58.7m) | |
| Change In Accrued Expense | — | — | — | — | — | ($33.4m) | $10.2m | $15.1m | ($5.1m) | |
| Change In Payable | — | — | — | — | — | $2.7m | $5.2m | ($800k) | ($58.7m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | ($30.7m) | $15.4m | $14.3m | ($63.8m) | |
| Change In Receivables | — | — | — | — | — | $40.1m | ($24.2m) | ($21.6m) | $103.7m | |
| Change In Working Capital | — | — | — | — | — | $9.4m | ($8.8m) | ($7.3m) | $39.9m | |
| Changes In Account Receivables | — | — | — | — | — | $42.2m | ($24.4m) | ($22.2m) | $102.8m | |
| Changes In Cash | — | — | — | — | — | ($129.9m) | $26.2m | ($48.7m) | $25.4m | |
| End Cash Position | — | — | — | — | — | $121.2m | $147.6m | $98.5m | $124.4m | |
| Financing Cash Flow | — | — | — | — | — | ($233.7m) | $1.8m | ($54.4m) | $12.1m | |
| Free Cash Flow | — | — | — | — | — | $100.7m | $54.5m | $45.9m | ($14.3m) | |
| Gain Loss On Investment Securities | — | — | — | — | — | $3.4m | ($6.7m) | ($12.1m) | ($34.4m) | |
| Gain Loss On Sale Of Business | — | — | — | — | ($48.6m) | $0 | $0 | — | — | |
| Investing Cash Flow | — | — | — | — | — | ($13.0m) | ($43.9m) | ($50.1m) | $15.7m | |
| Issuance Of Capital Stock | — | — | — | — | — | $0 | $0 | $100k | $0 | |
| Net Business Purchase And Sale | — | — | — | — | $61.6m | $0 | $0 | — | — | |
| Net PPE Purchase And Sale | — | — | — | — | — | ($16.1m) | ($13.8m) | ($9.9m) | ($11.9m) | |
| Operating Gains Losses | — | — | — | — | — | $6.6m | ($6.7m) | ($12.1m) | ($33.0m) | |
| Other Cash Adjustment Outside Changein Cash | — | — | — | — | $31.2m | $0 | $0 | — | — | |
| Other Non Cash Items | — | — | — | — | — | ($24.8m) | $6.7m | ($18.1m) | ($107.4m) | |
| Purchase Of PPE | — | — | — | — | — | ($16.1m) | ($13.8m) | ($9.9m) | ($11.9m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | ($103.2m) | ($3.3m) | ($96.7m) | ($48.8m) | |
| Sale Of Business | — | — | — | — | $61.6m | $0 | $0 | — | — | |
| Total net cash flows from operating activities | $139.7m | $195.1m | ($138.5m) | $90.5m | ($11.5m) | $116.8m | $68.3m | $55.8m | ($2.4m) | |
| Capital Expenditure | — | — | — | — | — | ($16.1m) | ($13.8m) | ($9.9m) | ($11.9m) | |
| Purchase of investments | — | ($250.3m) | ($186.9m) | ($146.3m) | $0 | ($200k) | ($19.7m) | ($167.1m) | ($642.9m) | |
| Purchase of investment securities | ($145.6m) | ($250.3m) | ($186.9m) | ($23.4m) | ($2.5m) | ($5.5m) | ($25.8m) | ($47.7m) | ($17.9m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | $3.1m | ($30.1m) | ($40.2m) | $27.6m | |
| Purchase Of Investment | — | — | — | — | — | ($5.5m) | ($38.3m) | ($47.7m) | ($17.9m) | |
| Sale of investments | — | $191.2m | $149.1m | $91.3m | $0 | $100k | $13.6m | $112.3m | $447.9m | |
| Sale of investment securities | $59.8m | $191.2m | $149.1m | $111.1m | $42.7m | $8.6m | $8.2m | $7.5m | $35.1m | |
| Sale Of Investment | — | — | — | — | — | $8.6m | $8.2m | $7.5m | $45.5m | |
| Net cash flows from investing activities | $54.8m | $17.4m | $9.0m | $270.0m | $1.0b | ($13.0m) | ($43.9m) | ($50.1m) | $15.7m | |
| Payment of debt issuance costs | $0 | $0 | ($1.8m) | $0 | ($400k) | ($900k) | $0 | ($700k) | ($2.6m) | |
| Issuance Of Debt | — | — | — | — | — | $214.0m | $113.5m | $139.0m | $337.0m | |
| Long Term Debt Issuance | — | — | — | — | — | $214.0m | $113.5m | $139.0m | $337.0m | |
| Net Issuance Payments Of Debt | — | — | — | — | — | ($126.1m) | ($400k) | ($200k) | ($76.1m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | ($126.1m) | ($400k) | ($200k) | ($76.1m) | |
| Net Short Term Debt Issuance | — | — | — | — | $0 | ($125.0m) | $0 | — | — | |
| Short Term Debt Issuance | — | — | — | — | $176.0m | $214.0m | $113.5m | — | — | |
| Long Term Debt Payments | — | — | — | — | — | ($340.1m) | ($113.9m) | ($139.2m) | ($413.1m) | |
| Repayment Of Debt | — | — | — | — | — | ($340.1m) | ($113.9m) | ($139.2m) | ($413.1m) | |
| Short Term Debt Payments | — | — | — | — | ($176.0m) | ($339.0m) | ($113.5m) | — | — | |
| Common Stock Issuance | — | — | — | — | — | $0 | $0 | $100k | $0 | |
| Net Common Stock Issuance | — | — | — | — | — | ($103.2m) | ($3.3m) | ($96.6m) | ($48.8m) | |
| Repurchases of common stock | ($74.1m) | ($71.2m) | ($239.8m) | ($46.0m) | ($776.7m) | ($103.2m) | ($3.3m) | ($96.7m) | ($48.8m) | |
| Excise tax on repurchases of common stock | — | — | — | — | — | $0 | $0 | $700k | $400k | |
| Payable for repurchases of common stock | — | — | — | — | $0 | $0 | $1.8m | $0 | $0 | |
| Common Stock Payments | — | — | — | — | — | ($103.2m) | ($3.3m) | ($96.7m) | ($48.8m) | |
| Dividends paid to stockholders | ($27.5m) | ($31.8m) | ($24.5m) | ($7.2m) | ($1.9m) | ($800k) | — | — | — | |
| Cash Dividends Paid | — | — | — | — | — | ($1.2m) | ($2.0m) | ($1.5m) | ($1.5m) | |
| Common Stock Dividend Paid | — | — | — | — | — | ($1.2m) | ($2.0m) | ($1.5m) | ($1.5m) | |
| Dividend Received CFO | — | — | — | — | $57.1m | $0 | $0 | — | — | |
| Net Other Financing Charges | — | — | — | — | — | ($3.2m) | $7.5m | $43.9m | $138.5m | |
| Net cash flows from financing activities | ($96.4m) | ($67.4m) | ($95.0m) | ($77.4m) | ($1.2b) | ($233.7m) | $1.8m | ($54.4m) | $12.1m | |
| Effect of foreign exchange rate changes on cash and cash equivalents | — | — | $0 | $0 | $0 | ($1.0m) | $200k | ($400k) | $500k | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | ($1.0m) | $200k | ($400k) | $500k | |
| Net increase (decrease) in cash and cash equivalents | $98.1m | $145.1m | ($224.5m) | $283.1m | ($152.0m) | ($130.9m) | $26.4m | ($49.1m) | $25.9m | |
| Cash and cash equivalents | ||||||||||
| Cash and cash equivalents at beginning of period (including restricted cash) | $200.4m | $345.5m | $121.0m | $404.1m | $252.1m | $121.2m | $147.6m | $98.5m | $124.4m | |
| Cash and cash equivalents of consolidated Funds, restricted | — | — | — | — | — | — | $800k | $3.7m | $23.2m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | ($130.9m) | $26.4m | ($49.1m) | $25.9m | |
| Interest paid (excluding consolidated Funds) | $22.1m | $22.2m | $28.4m | $24.3m | $19.6m | $16.0m | $15.5m | $15.0m | $20.0m | |
| Income taxes paid | $71.2m | $45.6m | $44.6m | $33.4m | $205.0m | $36.8m | $37.8m | $48.5m | $34.2m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.