Affiliated Managers Group, Inc. (AMG) financial statements (2022 and earlier)
Company profile
| Business Address |
777 SOUTH FLAGLER DRIVE WEST PALM BEACH, FL 33401 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 6282 - Investment Advice (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 909 | 1,040 | 540 | 566 | 440 | 431 | 564 | ||
| Cash and cash equivalents | 909 | 1,040 | 540 | 566 | 440 | 431 | 564 | ||
| Total current assets: | 909 | 1,040 | 540 | 566 | 440 | 431 | 564 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 74 | 80 | 92 | 104 | 111 | 110 | 114 | ||
| Long-term investments and receivables | 2,134 | 2,075 | 2,196 | 2,791 | 3,305 | 3,368 | 1,937 | ||
| Long-term investments | 2,134 | 2,075 | 2,196 | 2,791 | 3,305 | 3,368 | 1,937 | ||
| Intangible assets, net (including goodwill) | 1,966 | 3,710 | 3,834 | 3,943 | 4,112 | 4,126 | 4,355 | ||
| Goodwill | 2,661 | 2,652 | 2,633 | 2,663 | 2,628 | 2,668 | |||
| Intangible assets, net (excluding goodwill) | 1,966 | 1,049 | 1,182 | 1,310 | 1,450 | 1,497 | 1,686 | ||
| Total noncurrent assets: | 4,175 | 5,865 | 6,122 | 6,839 | 7,528 | 7,604 | 6,406 | ||
| Other undisclosed assets | 3,793 | 985 | 992 | 815 | 735 | 714 | 815 | ||
| TOTAL ASSETS: | 8,876 | 7,889 | 7,654 | 8,219 | 8,702 | 8,749 | 7,785 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 503 | 423 | 450 | ||||||
| Deferred income tax liabilities | 503 | 423 | 450 | ✕ | ✕ | ✕ | ✕ | ||
| Total noncurrent liabilities: | 503 | 423 | 450 | ||||||
| Other undisclosed liabilities | 3,989 | 3,477 | 2,788 | 3,251 | 3,312 | 3,649 | 3,403 | ||
| Total liabilities: | 4,492 | 3,900 | 3,238 | 3,251 | 3,312 | 3,649 | 3,403 | ||
| Temporary equity, carrying amount | 674 | 672 | 917 | 834 | 812 | 674 | 613 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 2,786 | 2,780 | 2,938 | 3,457 | 3,822 | 3,620 | 2,837 | ||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Treasury stock, value | (2,347) | (1,857) | (1,481) | (1,147) | (664) | (386) | (422) | ||
| Additional paid in capital | 652 | 729 | 707 | 836 | 809 | 1,074 | 597 | ||
| Accumulated other comprehensive loss | (53) | ||||||||
| Retained earnings | 4,570 | 4,006 | 3,820 | 3,877 | 3,699 | 3,054 | 2,679 | ||
| Other undisclosed stockholders' equity attributable to parent | (88) | (98) | (109) | (109) | (22) | (123) | 35 | ||
| Stockholders' equity attributable to noncontrolling interest | 924 | 538 | 562 | 678 | 756 | 807 | 932 | ||
| Total stockholders' equity: | 3,711 | 3,317 | 3,499 | 4,135 | 4,579 | 4,427 | 3,769 | ||
| TOTAL LIABILITIES AND EQUITY: | 8,876 | 7,889 | 7,654 | 8,219 | 8,702 | 8,749 | 7,785 | ||
Income statement (P&L) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,412 | 2,028 | 2,240 | 2,378 | 2,305 | 2,195 | 2,485 | |
| Financial services revenue | ✕ | ✕ | ✕ | ✕ | 2,305 | 2,195 | 2,485 | |
| Gross profit: | 2,412 | 2,028 | 2,240 | 2,378 | 2,305 | 2,195 | 2,485 | |
| Operating expenses | (1,631) | (1,510) | (1,619) | (1,692) | (1,499) | (1,489) | (1,650) | |
| Other undisclosed operating income | 302 | |||||||
| Operating income: | 781 | 518 | 621 | 686 | 1,108 | 705 | 835 | |
| Nonoperating expense | (41) | (60) | (33) | |||||
| Investment income, nonoperating | 7 | 1 | ||||||
| Interest and debt expense | (111) | (92) | (76) | (81) | (85) | (89) | (89) | |
| 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: | 670 | 425 | 308 | 714 | 982 | 556 | 713 | |
| Income (loss) from equity method investments | 243 | (43) | (338) | (0) | 302 | 329 | 289 | |
| Other undisclosed income (loss) from continuing operations before income taxes | 229 | 126 | 338 | 0 | (217) | 89 | 89 | |
| Income from continuing operations before income taxes: | 1,141 | 508 | 308 | 714 | 1,067 | 975 | 1,091 | |
| Income tax expense | (251) | (81) | (3) | (181) | (58) | (236) | (257) | |
| Net income: | 890 | 427 | 305 | 532 | 1,009 | 739 | 834 | |
| Net loss attributable to noncontrolling interest | (324) | (225) | (289) | (289) | (319) | (266) | (318) | |
| Net income available to common stockholders, basic: | 566 | 202 | 16 | 244 | 690 | 473 | 516 | |
| Interest on convertible debt | 19 | 16 | 16 | 15 | ||||
| Net income available to common stockholders, diluted: | 584 | 202 | 16 | 244 | 705 | 488 | 531 | |
Comprehensive Income ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 890 | 427 | 305 | 532 | 1,009 | 739 | 834 | |
| Other comprehensive income (loss) | 7 | 14 | 13 | (102) | 120 | (150) | (69) | |
| Comprehensive income: | 897 | 441 | 318 | 430 | 1,128 | 589 | 765 | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (321) | (228) | (302) | (274) | (338) | (221) | (298) | |
| Comprehensive income, net of tax, attributable to parent: | 576 | 213 | 16 | 156 | 791 | 368 | 466 | |
Statements sources
The financial statements are based on the company's filings with the 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.