|
Revenue:
|
|
|
|
|
|
|
|
|
|
|
|
Total operating expenses
|
|
$816.4m
|
$844.4m
|
$569.2m
|
$539.1m
|
$378.0m
|
$249.3m
|
$320.6m
|
$370.1m
|
$431.6m
|
|
Operating income
|
|
$71.0m
|
$83.8m
|
$250.3m
|
$179.4m
|
$145.8m
|
$167.9m
|
$106.0m
|
$135.5m
|
$132.1m
|
|
Total non-operating income (loss)
|
|
$71.0m
|
$51.4m
|
$7.7m
|
$248.2m
|
$32.3m
|
($23.1m)
|
($9.5m)
|
($9.8m)
|
$11.1m
|
|
Compensation and benefits
|
|
$682.8m
|
$696.4m
|
$416.2m
|
$388.7m
|
$284.6m
|
$159.2m
|
$217.9m
|
$265.5m
|
$313.9m
|
|
Depreciation and amortization
|
|
$11.7m
|
$14.5m
|
$17.2m
|
$21.0m
|
$22.1m
|
$18.5m
|
$17.3m
|
$18.5m
|
$16.6m
|
|
Investment income (loss)
|
|
$27.4m
|
$66.5m
|
$16.8m
|
$4.9m
|
$8.3m
|
$200k
|
$4.0m
|
$2.2m
|
($100k)
|
|
Interest income
|
|
$800k
|
$3.2m
|
$2.2m
|
$600k
|
$200k
|
$800k
|
$6.1m
|
$3.5m
|
$3.7m
|
|
Loss on extinguishment of debt
|
|
—
|
—
|
—
|
$0
|
$0
|
($3.2m)
|
$0
|
$0
|
($1.4m)
|
|
Net consolidated Funds’ investment gains
|
|
$42.9m
|
$53.1m
|
$37.7m
|
$29.9m
|
$0
|
($400k)
|
$4.1m
|
$3.9m
|
$30.6m
|
|
Income before income taxes
|
|
—
|
—
|
$213.2m
|
$344.8m
|
$178.1m
|
$144.8m
|
$96.5m
|
$125.7m
|
$143.2m
|
|
Net income
|
|
$9.1m
|
$130.3m
|
$240.0m
|
$315.5m
|
$896.4m
|
$100.6m
|
$67.1m
|
$86.8m
|
$106.6m
|
|
Net income attributable to redeemable non-controlling interests in consolidated Funds
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$1.3m
|
$1.8m
|
$26.6m
|
|
Net income attributable to controlling interests
|
|
$4.2m
|
$136.4m
|
$223.9m
|
$286.7m
|
$828.4m
|
$100.6m
|
$65.8m
|
$85.0m
|
$80.0m
|
|
Earnings per share (basic) attributable to controlling interests (in dollars per share)
|
|
$0
|
$1
|
$2
|
$3
|
$10
|
$2
|
$2
|
$2
|
$2
|
|
Weighted average common stock outstanding (in shares)
|
|
110.7m
|
107.4m
|
91.2m
|
81.3m
|
77.2m
|
42.1m
|
41.5m
|
37.8m
|
36.2m
|
|
Weighted average diluted shares outstanding (in shares)
|
|
111.4m
|
107.6m
|
91.3m
|
82.0m
|
80.5m
|
43.2m
|
42.5m
|
38.3m
|
36.2m
|
|
General and administrative expense
|
|
$112.9m
|
$126.0m
|
$128.8m
|
$106.0m
|
$71.2m
|
$71.1m
|
$82.6m
|
$85.2m
|
$92.0m
|
|
Interest expense
|
|
($24.5m)
|
($24.9m)
|
($32.2m)
|
($28.5m)
|
($24.8m)
|
($20.5m)
|
($19.6m)
|
($19.4m)
|
($21.7m)
|
|
Income tax expense
|
|
$132.8m
|
$5.0m
|
$18.0m
|
$112.1m
|
$50.0m
|
$44.2m
|
$29.4m
|
$38.9m
|
$36.6m
|