Artisan Partners Asset Management Inc. (APAM) Financial Statements (2023 and earlier)

Company Profile

Business Address 875 E. WISCONSIN AVENUE
MILWAUKEE, WI 53202
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 thousands)

3/31/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments76,15637,1792,807134,621160,463137,286
Cash and cash equivalents    134,621160,463137,286
Short-term investments76,15637,1792,807   
Receivables    81,868  
Deferred costs 950     
Total current assets:77,10637,1792,807216,489160,463137,286
Noncurrent Assets
Operating lease, right-of-use asset101,41088,64279,30487,155
Property, plant and equipment48,10435,31335,87439,49529,13821,025
Long-term investments and receivables9,25910,69984916,33512,252 
Long-term investments9,25910,69984916,33512,252 
Deferred income tax assets477,024497,902482,061 
Total noncurrent assets:635,797632,556598,088142,98541,39021,025
Other undisclosed assets521,705538,312551,067574,145603,161678,844
TOTAL ASSETS:1,234,6081,208,0471,151,962933,619805,014837,155
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities  12,92416,15912,6892,911
Employee-related liabilities 12,92416,15912,6892,911
Accrued liabilities      
Total current liabilities:  12,92416,15912,6892,911
Noncurrent Liabilities
Other undisclosed liabilities819,971801,051854,243735,849617,489663,598
Total liabilities:819,971801,051867,167752,008630,178666,509
Temporary equity, carrying amount135,280111,03593,75343,11034,34962,581
Equity
Equity, attributable to parent, including:262,221276,204180,477132,957135,044109,923
Additional paid in capital171,416141,835107,73889,14997,553147,910
Accumulated other comprehensive loss(3,079)(1,310)(991)(1,425)(1,895)(873)
Retained earnings (accumulated deficit)93,088134,88972,94444,45538,617(37,870)
Other undisclosed equity, attributable to parent796790786778769756
Equity, attributable to noncontrolling interest17,13619,75710,5655,5445,443(1,858)
Total equity:279,357295,961191,042138,501140,487108,065
TOTAL LIABILITIES AND EQUITY:1,234,6081,208,0471,151,962933,619805,014837,155

Income Statement (P&L) ($ in thousands)

3/31/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues993,2851,227,236899,567798,952828,635795,624
Financial services revenue795,624
Gross profit:993,2851,227,236899,567798,952828,635795,624
Operating expenses(649,188)(686,745)(541,243)(515,497)(523,694)(509,213)
Operating income:344,097540,491358,324283,455304,941286,411
Nonoperating income (expense)(32,262)11,05910,974(14,189)(3,153)284,834
Investment income, nonoperating   1605,101688519
Interest and debt expense(9,912)(10,803)(10,804)(11,054)(11,223)(11,449)
Income from continuing operations before equity method investments, income taxes:301,923540,747358,494258,212290,565559,796
Other undisclosed income from continuing operations before income taxes9,91210,80310,80411,05411,22311,449
Income from continuing operations before income taxes:311,835551,550369,298269,266301,788571,245
Income tax expense(63,450)(107,026)(60,795)(27,809)(47,598)(420,508)
Income from continuing operations:248,385444,524308,503241,457254,190150,737
Income before gain (loss) on sale of properties:444,524308,503241,457254,190150,737
Net income:248,385444,524308,503241,457254,190150,737
Net loss attributable to noncontrolling interest(41,630)(108,008)(95,886) (91,054)(99,038)
Other undisclosed net loss attributable to parent    (84,921)(4,827)(2,100)
Net income attributable to parent:206,755336,516212,617156,536158,30949,599
Other undisclosed net loss available to common stockholders, basic(22,801)(31,430)(23,268)(21,154)(19,447)(16,026)
Net income available to common stockholders, diluted:183,954305,086189,349135,382138,86233,573

Comprehensive Income ($ in thousands)

3/31/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:248,385444,524308,503241,457254,190150,737
Other comprehensive income (loss)(2,053)(319)732732(1,002)1,660
Comprehensive income:246,332444,205309,235242,189253,188152,397
Comprehensive loss, net of tax, attributable to noncontrolling interest     (90,816)(99,922)
Other undisclosed comprehensive loss, net of tax, attributable to parent(41,346)(108,008)(96,183)(85,183)(4,827)(2,100)
Comprehensive income, net of tax, attributable to parent:204,986336,197213,052157,006157,54550,375

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.

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