Affiliated Managers Group Inc. (AMG) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
777 SOUTH FLAGLER DRIVE WEST PALM BEACH, FL 33401 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6282 - Investment Advice (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 3/31/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 831 | 447 | 909 | 1,040 | 540 | 566 | |||
| Cash and cash equivalents | 814 | 429 | 909 | 1,040 | 540 | 566 | |||
| Short-term investments | 18 | 18 | |||||||
| Total current assets: | 831 | 447 | 909 | 1,040 | 540 | 566 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 67 | 69 | 74 | 80 | 92 | 104 | |||
| Long-term investments and receivables | 2,289 | 2,140 | 2,134 | 2,075 | 2,196 | 2,791 | |||
| Long-term investments | 2,289 | 2,140 | 2,134 | 2,075 | 2,196 | 2,791 | |||
| Intangible assets, net (including goodwill) | 1,812 | 4,525 | 1,966 | 3,710 | 3,834 | 3,943 | |||
| Goodwill | 2,649 | 2,661 | 2,652 | 2,633 | |||||
| Intangible assets, net (excluding goodwill) | 1,812 | 1,876 | 1,966 | 1,049 | 1,182 | 1,310 | |||
| Total noncurrent assets: | 4,168 | 6,733 | 4,175 | 5,865 | 6,122 | 6,839 | |||
| Other undisclosed assets | 4,060 | 1,701 | 3,793 | 985 | 992 | 815 | |||
| TOTAL ASSETS: | 9,060 | 8,881 | 8,876 | 7,889 | 7,654 | 8,219 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 464 | 465 | 503 | 423 | 450 | ||||
| Deferred income tax liabilities | 464 | 465 | 503 | 423 | 450 | ✕ | |||
| Total noncurrent liabilities: | 464 | 465 | 503 | 423 | 450 | ||||
| Other undisclosed liabilities | 3,632 | 3,775 | 3,989 | 3,477 | 2,788 | 3,251 | |||
| Total liabilities: | 4,096 | 4,240 | 4,492 | 3,900 | 3,238 | 3,251 | |||
| Temporary equity, carrying amount | 393 | 465 | 674 | 672 | 917 | 834 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 3,588 | 3,230 | 2,786 | 2,780 | 2,938 | 3,457 | |||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | |||
| Treasury stock, value | (3,376) | (2,981) | (2,347) | (1,857) | (1,481) | (1,147) | |||
| Additional paid in capital | 741 | 696 | 652 | 729 | 707 | 836 | |||
| Retained earnings | 6,390 | 5,718 | 4,570 | 4,006 | 3,820 | 3,877 | |||
| Other undisclosed equity, attributable to parent | (168) | (203) | (88) | (98) | (109) | (109) | |||
| Equity, attributable to noncontrolling interest | 982 | 945 | 924 | 538 | 562 | 678 | |||
| Total equity: | 4,570 | 4,176 | 3,711 | 3,317 | 3,499 | 4,135 | |||
| TOTAL LIABILITIES AND EQUITY: | 9,060 | 8,881 | 8,876 | 7,889 | 7,654 | 8,219 | |||
Income Statement (P&L) ($ in millions)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,058 | 2,330 | 2,412 | 2,028 | 2,240 | 2,378 | ||
| Gross profit: | 2,058 | 2,330 | 2,412 | 2,028 | 2,240 | 2,378 | ||
| Operating expenses | (1,497) | (1,674) | (1,631) | (1,510) | (1,619) | (1,692) | ||
| Operating income: | 561 | 656 | 781 | 518 | 621 | 686 | ||
| Nonoperating income (Investment Income, Nonoperating) | 133 | 642 | ||||||
| Interest and debt expense | (124) | (114) | (111) | (92) | (76) | (81) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (237) | 108 | ||||||
| Income from continuing operations before equity method investments, income taxes: | 571 | 1,184 | 670 | 425 | 308 | 714 | ||
| Income (loss) from equity method investments | 280 | 338 | 243 | (43) | (338) | (0) | ||
| Other undisclosed income from continuing operations before income taxes | 241 | 225 | 229 | 126 | 338 | 0 | ||
| Income from continuing operations before income taxes: | 1,091 | 1,746 | 1,141 | 508 | 308 | 714 | ||
| Income tax expense | (185) | (358) | (251) | (81) | (3) | (181) | ||
| Income from continuing operations: | 906 | 1,388 | 890 | 427 | 305 | 532 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 890 | 427 | 305 | 532 | |
| Net income: | 906 | 1,388 | 890 | 427 | 305 | 532 | ||
| Net loss attributable to noncontrolling interest | (233) | (242) | (324) | (225) | (289) | (289) | ||
| Net income available to common stockholders, basic: | 673 | 1,146 | 566 | 202 | 16 | 244 | ||
| Interest on convertible debt | 13 | 14 | 19 | |||||
| Other undisclosed net income available to common stockholders, diluted | 49 | 83 | ||||||
| Net income available to common stockholders, diluted: | 735 | 1,243 | 584 | 202 | 16 | 244 | ||
Comprehensive Income ($ in millions)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 906 | 1,388 | 890 | 427 | 305 | 532 | ||
| Other comprehensive income (loss) | 42 | (143) | 7 | 14 | 13 | (102) | ||
| Comprehensive income: | 948 | 1,245 | 897 | 441 | 318 | 430 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (239) | (215) | (321) | (228) | (302) | (274) | ||
| Comprehensive income, net of tax, attributable to parent: | 709 | 1,030 | 576 | 213 | 16 | 156 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.