← AFFILIATED MANAGERS GROUP, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $472.8m | $689.5m | $243.6m | $15.7m | $202.2m | $565.7m | $1.1b | $672.9m | $511.6m | $716.6m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $739.0m | $1.0b | $532.3m | $305.1m | $427.0m | $565.7m | $1.1b | $672.9m | $511.6m | $716.6m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $739.0m | $1.0b | $532.3m | $305.1m | $427.0m | $890.1m | $1.4b | $906.1m | $740.6m | $904.0m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | $324.4m | $242.2m | $233.2m | $229.0m | $187.4m | |
| Amortization of Debt Issuance Costs | $4.8m | — | — | — | — | — | — | — | — | — | |
| Amortization of Intangible Assets | $110.2m | — | — | — | — | — | — | — | — | — | |
| Deferred Income Tax Expense (Benefit) | $59.3m | ($123.6m) | $51.9m | ($55.8m) | $26.8m | $91.2m | $32.0m | $31.4m | $60.6m | $83.8m | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | — | — | $126.7m | $113.8m | $112.1m | $111.6m | — | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | — | — | — | $108.0m | |
| Share-based Payment Arrangement, Expense | $39.2m | $40.4m | $44.7m | $49.9m | $67.4m | $63.4m | $62.4m | $59.4m | $52.0m | $59.2m | |
| Equity Method Investment, Other than Temporary Impairment | — | $93.1m | $240.0m | $0 | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | $0 | — | — | — | — | — | — | — | — | — | |
| Operating Lease, Impairment Loss | — | — | — | — | $0 | — | — | — | — | — | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | — | — | — | — | — | $641.9m | $133.1m | — | — | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | — | — | — | $0 | $371.3m | |
| Income (Loss) from Equity Method Investments | $328.8m | $302.2m | ($200k) | ($338.0m) | ($43.4m) | $242.5m | $338.1m | $280.0m | $312.7m | $462.9m | |
| Income Tax Expense (Benefit) | $235.6m | $58.4m | $181.3m | $2.9m | $81.4m | $251.0m | $358.3m | $185.3m | $182.6m | $282.3m | |
| Operating Lease, Expense | — | — | — | $45.3m | — | — | — | — | — | — | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Other Operating Assets | $6.1m | $7.7m | $11.7m | $51.4m | ($73.1m) | ($23.8m) | ($41.6m) | ($9.2m) | ($6.6m) | $28.1m | |
| Distributions paid to shareholders | — | $44.9m | $64.4m | $65.3m | $16.8m | $1.7m | $1.6m | $1.5m | $1.4m | $1.0m | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | — | — | — | — | $2.9m | $1.2m | $5.5m | |
| Gain (Loss) on Investments | — | — | — | — | — | — | — | — | $39.3m | $55.7m | |
| Goodwill | $2.6b | $2.7b | $2.6b | $2.7b | $2.7b | $2.7b | $2.6b | $2.5b | $2.5b | $2.5b | |
| Nonoperating Income (Expense) | ($59.5m) | ($40.8m) | — | — | — | — | — | — | — | — | |
| Operating Expenses | $1.5b | $1.5b | $1.7b | $1.6b | $1.5b | $1.6b | $1.7b | $1.5b | $1.5b | $1.8b | |
| Proceeds from Stock Options Exercised | $25.6m | $41.9m | $9.7m | $900k | $0 | $3.6m | $2.6m | $0 | $300k | $2.8m | |
| Other Operating Income (Expense), Net | — | — | — | — | — | — | — | — | ($40.3m) | ($69.8m) | |
| Net Cash Provided by (Used in) Operating Activities | $1.0b | $1.2b | $1.1b | $929.1m | $1.0b | $1.3b | $1.1b | $874.3m | $932.1m | $973.2m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $20.2m | $18.5m | $18.7m | $9.6m | $8.5m | $8.4m | $11.4m | $12.4m | $3.4m | $6.1m | |
| Net Cash Provided by (Used in) Investing Activities | ($1.3b) | $13.8m | ($18.2m) | ($24.4m) | ($53.7m) | ($583.7m) | ($109.9m) | $264.5m | $379.1m | ($206.1m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | — | $545.0m | $1.1b | $470.7m | $874.8m | $200.0m | $0 | $25.0m | $847.6m | $899.3m | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | — | — | — | — | — | — | — | $511.1m | $825.2m | $0 | |
| Repayments of Long-term Debt | — | $805.0m | $1.2b | $510.0m | $350.0m | $33.0m | $60.8m | $25.0m | $750.0m | $826.1m | |
| Proceeds from Issuance of Common Stock | $465.8m | $41.9m | $9.7m | — | — | — | — | — | — | — | |
| Payments for Repurchase of Common Stock | $33.4m | $393.2m | $505.8m | $356.1m | $335.1m | $595.3m | $713.8m | $341.9m | $709.8m | $706.3m | |
| Payments of Ordinary Dividends, Common Stock | $0 | $45 | $64 | $65 | $17 | $2 | $2 | $2 | $1 | $1 | |
| Proceeds from (Payments for) Other Financing Activities | ($3.3m) | ($20.8m) | ($40.6m) | ($9.6m) | ($40.0m) | ($42.1m) | ($50.5m) | ($55.3m) | ($99.0m) | ($5.2m) | |
| Net Cash Provided by (Used in) Financing Activities | $200.9m | ($1.2b) | ($983.1m) | ($934.7m) | ($455.4m) | ($798.3m) | ($1.4b) | ($758.3m) | ($1.2b) | ($1.1b) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $8.7m | $2.1m | ($800k) | ($22.6m) | $6.9m | ($4.2m) | $11.6m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $14.2m | ($10.1m) | ($21.3m) | $502.3m | ($123.6m) | ($480.7m) | $387.4m | $131.1m | ($370.0m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $539.6m | $1.0b | $908.5m | $429.2m | $813.6m | $950.0m | $586.0m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $85.0m | $82.1m | $76.9m | $84.1m | $88.3m | $103.0m | $109.4m | $110.4m | $138.2m | $137.9m | |
| Income Taxes Paid, Net | $152.3m | $165.0m | $160.2m | $102.7m | $12.4m | $87.1m | $120.2m | $314.5m | $142.5m | $110.7m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.