Manning & Napier, Inc. (MN) financial statements (2023 and earlier)

Company profile

Business Address 290 WOODCLIFF DRIVE
FAIRPORT, NY 14450
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 thousands)

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 investments105,53987,728157,555150,776148,666137,294138,059
Cash and cash equivalents73,48957,63567,08859,58678,262100,819117,591
Short-term investments32,05030,09390,46791,19070,40436,47520,468
Receivables13,85111,91510,18211,44715,33722,19515,807
Other undisclosed current assets9,7059,1155,6075,2214,8705,87822,682
Total current assets:129,095108,758173,344167,444168,873165,367176,548
Noncurrent Assets
Operating lease, right-of-use asset14,45716,405 
Property, plant and equipment2,1093,0754,5655,6495,4075,6806,299
Intangible assets, net (including goodwill)4,8294,8297,5127,5577,6027,647 
Goodwill4,8294,8294,8294,8294,8294,829 
Intangible assets, net (excluding goodwill)  2,6832,7282,7732,818 
Deferred income tax assets17,85919,645 
Other noncurrent assets3,0743,3734,0103,8422,7732,8181,300
Other undisclosed noncurrent assets  36,78018,06720,52539,08746,649
Total noncurrent assets:42,32847,32752,86735,11536,30755,23254,248
TOTAL ASSETS:171,423156,085226,211202,559205,180220,599230,796
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,7911,7871,6141,8451,6122,0531,141
Accounts payable1,7911,7871,6141,8451,6122,0531,141
Deferred revenue12,96311,476 
Deferred revenue and credits9,30510,21310,21010,938
Other liabilities36,38836,43926,20125,12632,34735,11542,480
Other undisclosed current liabilities  10,759    
Total current liabilities:51,14249,70238,57436,27644,17247,37854,559
Noncurrent Liabilities
Long-term debt and lease obligation14,26016,738     
Finance lease, liability3492 
Operating lease, liability14,22616,646 
Liabilities, other than long-term debt1552212,0172,6913,3704,0342,796
Other liabilities1552212,0172,6913,3704,0342,796
Other undisclosed noncurrent liabilities13,46513,66735,99917,34919,27834,70938,661
Total noncurrent liabilities:27,88030,62638,01620,04022,64838,74341,457
Total liabilities:79,02280,32876,59056,31666,82086,12196,016
Stockholders' equity
Stockholders' equity attributable to parent, including:93,36382,957160,148159,815160,281162,912168,756
Common stock195170160153   
Treasury stock, value(5,666)      
Additional paid in capital104,740111,848198,516198,604198,641200,158205,760
Accumulated other comprehensive loss(337)(235)(50)(77)(86)(13)(3)
Accumulated deficit(5,569)(28,826)(38,478)(38,865)(38,424)(37,383)(37,149)
Other undisclosed stockholders' equity attributable to parent    150150148
Stockholders' equity attributable to noncontrolling interest(962)(7,200)(10,527)(13,572)(21,921)(28,434)(33,976)
Total stockholders' equity:92,40175,757149,621146,243138,360134,478134,780
TOTAL LIABILITIES AND EQUITY:171,423156,085226,211202,559205,180220,599230,796

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues145,581127,034136,001161,331201,527248,937327,818
Revenue, net201,527248,937327,818
Cost of revenue(83,637)(83,872)(12,568)(18,175)   
Cost of goods and services sold(9,818)(10,239)(12,568)(18,175)   
Gross profit:61,94443,162123,433143,156201,527248,937327,818
Operating expenses(29,418)(29,350)(133,293)(137,949)(149,759)(159,729)(199,266)
Other undisclosed operating income  12,56818,175   
Operating income:32,52613,8122,70823,38251,76889,208128,552
Nonoperating income (expense)57887,5972,25016,1091,574(6,961)
Investment income, nonoperating1,2211,8224,9399583,286844(3,828)
Interest and debt expense(23)(11)(26)(49)(36)(806)(323)
Income from continuing operations before equity method investments, income taxes:33,08113,80910,27925,58367,84189,976121,268
Other undisclosed income from continuing operations before income taxes2311264936806323
Income from continuing operations before income taxes:33,10413,82010,30525,63267,87790,782121,591
Income tax expense (benefit)(6,032)106(448)(2,647)(19,352)(8,374)(4,639)
Net income:27,07213,9269,85722,98548,52582,408116,952
Net loss attributable to noncontrolling interest(1,967)(3,922)(8,424)(19,788)(44,938)(73,134)(103,738)
Net income attributable to parent:25,10510,0041,4333,1973,5879,27413,214
Preferred stock dividends and other adjustments(46)(96)102(67)(70)(544)(685)
Net income available to common stockholders, basic:25,0599,9081,5353,1303,5178,73012,529
Other undisclosed net income available to common stockholders, diluted72,317     
Net income available to common stockholders, diluted:25,06612,2251,5353,1303,5178,73012,529

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:27,07213,9269,85722,98548,52582,408116,952
Other undisclosed comprehensive income (loss)(106)(467)11993(73)(10)(3)
Comprehensive income:26,96613,4599,97623,07848,45282,398116,949
Comprehensive loss, net of tax, attributable to noncontrolling interest(1,963)(3,640)(8,516)(19,872)(44,865)(73,124)(103,735)
Comprehensive income, net of tax, attributable to parent:25,0039,8191,4603,2063,5879,27413,214

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.

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