Affiliated Managers Group, Inc. (AMG)

Affiliated Managers Group Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	2,028	2,058	2,330	2,412	2,028	2,240
Revenue Growth (YoY)	-5.58%	-11.67%	-3.43%	18.98%	-9.47%	-5.84%
Cost of Revenue	912	907.5	1,072	1,047	883.7	943
Gross Profit	1,116	1,150	1,258	1,365	1,144	1,297
Selling, General & Admin	357	358.2	385.5	347.1	321.4	376.8
Other Operating Expenses	37.4	45.8	34.7	73.5	52.8	57
Operating Expenses	444.3	465.3	487.6	472.9	533.8	599.6
Operating Income	671.9	685	770.5	892.4	610	697
Interest Expense	-125.9	-123.8	-114.4	-111.4	-92.3	-76.2
Interest & Investment Income	62.6	82.9	108.6	117.6	34.1	25.2
Earnings From Equity Investments	301.2	280	338.1	242.5	-43.4	-338
EBT Excluding Unusual Items	909.8	924.1	1,103	1,141	508.4	308
Gain (Loss) on Sale of Investments	160.5	167.3	643.6	-	-	-
Pretax Income	1,070	1,091	1,746	1,141	508.4	308
Income Tax Expense	206.3	185.3	358.3	251	81.4	2.9
Earnings From Continuing Operations	864	906.1	1,388	890.1	427	305.1
Minority Interest in Earnings	-225.1	-233.2	-242.2	-324.4	-224.8	-289.4
Net Income	638.9	672.9	1,146	565.7	202.2	15.7
Net Income to Common	638.9	672.9	1,146	565.7	202.2	15.7
Net Income Growth	-44.46%	-41.28%	102.56%	179.77%	1187.90%	-93.56%
Shares Outstanding (Basic)	33	35	39	42	47	51
Shares Outstanding (Diluted)	40	42	49	45	47	51
Shares Change (YoY)	-10.99%	-13.88%	9.38%	-4.07%	-7.71%	-5.95%
EPS (Basic)	19.24	19.17	29.76	13.63	4.35	0.31
EPS (Diluted)	17.39	17.42	25.36	13.04	4.33	0.31
EPS Growth	-35.79%	-31.30%	94.50%	201.16%	1296.77%	-93.14%
Free Cash Flow	993.2	861.9	1,043	1,251	1,001	919.5
Free Cash Flow Per Share	24.77	20.42	21.29	27.92	21.43	18.17
Dividend Per Share	0.040	0.040	0.040	0.040	0.350	1.280
Dividend Growth	0%	0%	0%	-88.57%	-72.66%	6.67%
Gross Margin	55.03%	55.90%	54.00%	56.59%	56.41%	57.89%
Operating Margin	33.13%	33.29%	33.07%	36.99%	30.09%	31.12%
Profit Margin	31.50%	32.70%	49.19%	23.45%	9.97%	0.70%
Free Cash Flow Margin	48.97%	41.88%	44.78%	51.85%	49.36%	41.06%
EBITDA	721.8	746.3	837.9	944.7	769.6	862.8
EBITDA Margin	35.59%	36.27%	35.97%	39.16%	37.96%	38.52%
D&A For EBITDA	49.9	61.3	67.4	52.3	159.6	165.8
EBIT	671.9	685	770.5	892.4	610	697
EBIT Margin	33.13%	33.29%	33.07%	36.99%	30.09%	31.12%
Effective Tax Rate	19.27%	16.98%	20.52%	22.00%	16.01%	0.94%

Source: S&P Capital IQ. Standard template. Financial Sources.