← Artisan Partners Asset Management 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 | $73.0m | $49.6m | $158.3m | $156.5m | $212.6m | $336.5m | $206.8m | $222.3m | $259.7m | $290.3m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $60.0m | $33.6m | $138.9m | $135.4m | $189.3m | $305.1m | $184.0m | $202.4m | $237.4m | $265.9m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $173.0m | $150.7m | $254.2m | $241.5m | $308.5m | $444.5m | $248.4m | $311.8m | $349.7m | $377.9m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $100.0m | $99.0m | $91.1m | — | — | — | — | — | — | — | |
| Depreciation, Depletion and Amortization | $5.3m | $5.3m | $5.7m | $6.2m | $6.6m | $6.9m | $7.8m | $9.3m | $9.9m | $9.4m | |
| Amortization of Debt Issuance Costs | $448k | $452k | $457k | $463k | $422k | $421k | $440k | $442k | $389k | $399k | |
| Depreciation | $5.2m | $5.3m | $5.6m | $6.8m | $6.5m | $6.8m | $7.7m | $9.3m | $9.9m | $9.2m | |
| Deferred Income Tax Expense (Benefit) | $34.0m | $395.4m | $24.9m | $7.4m | $28.0m | $38.4m | $30.2m | $42.5m | $44.2m | $55.7m | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | — | $36.5m | $39.2m | $40.0m | $32.2m | $31.3m | $27.4m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $762k | $1.5m | $2.6m | $2.1m | $4.5m | $9.2m | $7.9m | $6.8m | $6.8m | $9.0m | |
| Share-based Payment Arrangement, Expense | $28.1m | $12.7m | $0 | $0 | — | — | — | — | — | — | |
| Operating Lease, Impairment Loss | — | — | — | — | — | — | — | — | $1.0m | — | |
| Share-based Payment Arrangement, Expensed and Capitalized, Amount | $72.0m | $62.9m | $53.6m | $43.1m | $37.0m | $39.6m | $41.5m | $33.7m | $32.5m | $28.5m | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($108k) | ($69k) | ($18k) | ($275k) | ($5k) | ($4k) | ($51k) | ($4k) | ($45k) | ($10k) | |
| Income Tax Expense (Benefit) | $51.5m | $420.5m | $47.6m | $27.8m | $60.8m | $107.0m | $63.5m | $71.9m | $90.9m | $111.3m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $8.6m | $8.6m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | ($318k) | $17.0m | ($9.0m) | $14.2m | $18.0m | $16.0m | ($16.6m) | ($125k) | $16.9m | $34.7m | |
| Distributions paid to shareholders | $115.4m | $131.0m | $167.8m | $188.2m | $203.0m | $274.7m | $248.7m | $183.4m | $222.0m | $257.1m | |
| Deconsolidation, Gain (Loss), Amount | — | — | — | — | — | — | — | — | $0 | — | |
| Gain (Loss) on Investments | $1.1m | $519k | $688k | $5.1m | $160k | — | — | — | — | — | |
| Investment Income, Interest | — | — | — | — | — | — | — | $6.3m | $9.6m | $9.4m | |
| Marketable Securities, Unrealized Gain (Loss) | — | — | $531k | $4.9m | ($160k) | ($2.3m) | $16.6m | ($19.2m) | ($21.5m) | — | |
| Nonoperating Income (Expense) | ($9.8m) | $284.8m | ($3.2m) | ($14.2m) | $11.0m | $11.1m | ($32.3m) | $80.1m | $73.9m | $89.5m | |
| Operating Expenses | $486.6m | $509.2m | $523.7m | $515.5m | $541.2m | $686.7m | $649.2m | $671.5m | $745.2m | $797.1m | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | $700k | $1.6m | ($14.8m) | $15.7m | $9.3m | $22.6m | |
| Net Cash Provided by (Used in) Operating Activities | $270.4m | $204.1m | $333.3m | $292.8m | $318.7m | $398.6m | $312.6m | $253.0m | $372.8m | $172.0m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $2.9m | $1.6m | $2.8m | $3.5m | $2.0m | $2.4m | $6.6m | $2.3m | $1.6m | $371k | |
| Payments to Acquire Investments | $4.0m | $5.2m | $500k | $10k | $2.1m | $33.8m | $49.3m | $35.5m | $31.8m | $41.4m | |
| Gain (Loss) on Sale of Investments | $1.1m | $100k | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($2.1m) | ($4.7m) | ($14.3m) | ($17.5m) | $18.8m | ($27.0m) | ($63.7m) | ($38.2m) | ($24.9m) | $35.2m | |
| Cash flows from financing activities: | |||||||||||
| Payments of Ordinary Dividends, Common Stock | $115.4m | $131.0m | $167.8m | $188.2m | $203.0m | $274.7m | $248.7m | $183.4m | $222.0m | $257.1m | |
| Proceeds from (Payments for) Other Financing Activities | $0 | $0 | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | ($277.7m) | ($218.9m) | ($263.5m) | ($306.6m) | ($282.2m) | ($335.4m) | ($306.4m) | ($175.0m) | ($254.2m) | ($183.0m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $157.4m | $159.8m | $175.5m | $144.3m | $199.4m | $200.8m | $143.2m | $178.5m | $268.2m | $255.5m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $11.0m | $10.7m | $10.6m | $10.3m | $10.2m | $10.3m | $7.7m | $7.7m | $7.8m | |
| Income Taxes Paid, Net | $18.6m | $25.3m | $20.7m | $18.6m | $35.5m | $70.3m | $31.6m | $30.7m | $42.7m | $57.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.