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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	2,019	2,058	2,330	2,412	2,028	2,240
Revenue Growth (YoY)	-3.61%	-11.67%	-3.43%	18.98%	-9.47%	-5.84%
Cost of Revenue	921	907.5	1,072	1,047	883.7	943
Gross Profit	1,098	1,150	1,258	1,365	1,144	1,297
Selling, General & Admin	362.9	358.2	385.5	347.1	321.4	376.8
Other Operating Expenses	41.1	45.8	34.7	73.5	52.8	57
Operating Expenses	449	465.3	487.6	472.9	533.8	599.6
Operating Income	649.2	685	770.5	892.4	610	697
Interest Expense	-129.5	-123.8	-114.4	-111.4	-92.3	-76.2
Interest & Investment Income	58.5	82.9	108.6	117.6	34.1	25.2
Earnings From Equity Investments	314	280	338.1	242.5	-43.4	-338
EBT Excluding Unusual Items	759.1	924.1	1,103	1,141	508.4	308
Gain (Loss) on Sale of Investments	164.5	167.3	643.6	-	-	-
Pretax Income	923.6	1,091	1,746	1,141	508.4	308
Income Tax Expense	159.9	185.3	358.3	251	81.4	2.9
Earnings From Continuing Operations	763.7	906.1	1,388	890.1	427	305.1
Minority Interest in Earnings	-218.1	-233.2	-242.2	-324.4	-224.8	-289.4
Net Income	545.6	672.9	1,146	565.7	202.2	15.7
Net Income to Common	545.6	672.9	1,146	565.7	202.2	15.7
Net Income Growth	-56.52%	-41.28%	102.56%	179.77%	1187.90%	-93.56%
Shares Outstanding (Basic)	32	35	39	42	47	51
Shares Outstanding (Diluted)	36	42	49	45	47	51
Shares Change (YoY)	-19.64%	-13.88%	9.38%	-4.07%	-7.71%	-5.95%
EPS (Basic)	17.08	19.17	29.76	13.63	4.35	0.31
EPS (Diluted)	15.64	17.42	25.36	13.04	4.33	0.31
EPS Growth	-47.39%	-31.30%	94.50%	201.16%	1296.77%	-93.14%
Free Cash Flow	966.4	861.9	1,043	1,251	1,001	919.5
Free Cash Flow Per Share	26.53	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	54.39%	55.90%	54.00%	56.59%	56.41%	57.89%
Operating Margin	32.15%	33.29%	33.07%	36.99%	30.09%	31.12%
Profit Margin	27.02%	32.70%	49.19%	23.45%	9.97%	0.70%
Free Cash Flow Margin	47.86%	41.88%	44.78%	51.85%	49.36%	41.06%
EBITDA	694.2	746.3	837.9	944.7	769.6	862.8
EBITDA Margin	34.38%	36.27%	35.97%	39.16%	37.96%	38.52%
D&A For EBITDA	45	61.3	67.4	52.3	159.6	165.8
EBIT	649.2	685	770.5	892.4	610	697
EBIT Margin	32.15%	33.29%	33.07%	36.99%	30.09%	31.12%
Effective Tax Rate	17.31%	16.98%	20.52%	22.00%	16.01%	0.94%

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