Affiliated Managers Group Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	760.1	740.6	906.1	1,388	565.7	202.2
Depreciation & Amortization	115.1	42.4	61.3	67.4	52.3	159.6
Loss (Gain) From Sale of Investments	-51.7	-39.3	-84.2	-103.5	-108.7	-19.5
Loss (Gain) on Equity Investments	72.4	91.2	210.8	55.4	95	280.2
Stock-Based Compensation	171.6	111.6	112.1	113.8	126.7	119.2
Other Operating Activities	-97.3	56.7	-112.5	-592.1	459.8	268.1
Change in Accounts Receivable	-199.5	-44.2	-48.4	87	31.7	1.1
Change in Accounts Payable	216.2	-19.2	-189.4	9.9	64.5	-64.2
Change in Other Net Operating Assets	-30.2	6.6	9.2	41.6	23.8	73.1
Operating Cash Flow	929.3	932.1	874.3	1,055	1,259	1,009
Operating Cash Flow Growth	-4.64%	6.61%	-17.10%	-16.24%	24.76%	8.63%
Capital Expenditures	-5.3	-3.4	-12.4	-11.4	-8.4	-8.5
Investment in Securities	-244.8	382.5	276.9	-98.5	-575.3	-45.2
Investing Cash Flow	-250.1	379.1	264.5	-109.9	-583.7	-53.7
Long-Term Debt Issued	-	847.6	25	-	200	874.8
Long-Term Debt Repaid	-	-750	-25	-60.8	-33	-350
Net Debt Issued (Repaid)	-250	97.6	-	-60.8	167	524.8
Issuance of Common Stock	6.3	6.3	13.4	15.2	117.7	20.2
Repurchase of Common Stock	-604.4	-816.3	-409.3	-775.3	-745.8	-650.2
Common Dividends Paid	-1.2	-1.4	-1.5	-1.6	-1.7	-16.8
Other Financing Activities	-371.1	-462.1	-360.9	-580.4	-335.5	-333.4
Financing Cash Flow	-1,220	-1,176	-758.3	-1,403	-798.3	-455.4
Foreign Exchange Rate Adjustments	0.6	-4.2	6.9	-22.6	-0.8	2.1
Miscellaneous Cash Flow Adjustments	6	5.3	-3	1.4	-7.6	-2.2
Net Cash Flow	-534.6	136.4	384.4	-479.3	-131.2	500.1
Free Cash Flow	924	928.7	861.9	1,043	1,251	1,001
Free Cash Flow Growth	-4.39%	7.75%	-17.39%	-16.59%	24.98%	8.84%
Free Cash Flow Margin	45.25%	45.50%	41.88%	44.79%	51.85%	49.36%
Free Cash Flow Per Share	26.82	25.73	20.42	21.29	27.92	21.43
Cash Interest Paid	138.2	138.2	110.4	109.4	103	88.3
Cash Income Tax Paid	142.5	142.5	314.5	120.2	87.1	-12.4
Levered Free Cash Flow	159.61	394.29	171.25	688.56	857.93	578.76
Unlevered Free Cash Flow	245.24	477.6	248.63	760.06	927.55	636.45
Change in Working Capital	-40.9	-71.1	-219.3	125.6	68.4	-0.5

Source: S&P Global Market Intelligence. Standard template. Financial Sources.