Affiliated Managers Group, Inc. (AMG)

Affiliated Managers Group Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	2,040	2,058	2,330	2,412	2,028	2,240
Revenue Growth (YoY)	-8.90%	-11.67%	-3.43%	18.98%	-9.47%	-5.84%
Cost of Revenue	925.6	907.5	1,072	1,047	883.7	943
Gross Profit	1,115	1,150	1,258	1,365	1,144	1,297
Selling, General & Admin	352.8	358.2	385.5	347.1	321.4	376.8
Depreciation & Amortization	55.4	61.3	67.4	52.3	159.6	165.8
Other Operating Expenses	40.4	45.8	34.7	73.5	52.8	57
Operating Expenses	448.6	465.3	487.6	472.9	533.8	599.6
Operating Income	666.1	685	770.5	892.4	610	697
Interest Expense	-123.2	-123.8	-114.4	-111.4	-92.3	-76.2
Interest & Investment Income	86.7	82.9	108.6	117.6	34.1	25.2
Earnings From Equity Investments	338.9	280	338.1	242.5	-43.4	-338
EBT Excluding Unusual Items	968.5	924.1	1,103	1,141	508.4	308
Gain (Loss) on Sale of Investments	143.5	167.3	643.6	-	-	-
Pretax Income	1,112	1,091	1,746	1,141	508.4	308
Income Tax Expense	195.7	185.3	358.3	251	81.4	2.9
Earnings From Continuing Operations	916.3	906.1	1,388	890.1	427	305.1
Minority Interest in Earnings	-228.1	-233.2	-242.2	-324.4	-224.8	-289.4
Net Income	688.2	672.9	1,146	565.7	202.2	15.7
Net Income to Common	688.2	672.9	1,146	565.7	202.2	15.7
Net Income Growth	-39.33%	-41.28%	102.56%	179.77%	1187.90%	-93.56%
Shares Outstanding (Basic)	34	35	39	42	47	51
Shares Outstanding (Diluted)	42	42	49	45	47	51
Shares Change (YoY)	-10.58%	-13.88%	9.38%	-4.07%	-7.71%	-5.95%
EPS (Basic)	20.05	19.17	29.76	13.63	4.35	0.31
EPS (Diluted)	18.06	17.42	25.36	13.04	4.33	0.31
EPS Growth	-30.06%	-31.30%	94.50%	201.16%	1296.77%	-93.14%
Free Cash Flow	837.2	861.9	1,043	1,251	1,001	919.5
Free Cash Flow Per Share	19.82	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	54.63%	55.90%	54.00%	56.59%	56.41%	57.89%
Operating Margin	32.65%	33.29%	33.07%	36.99%	30.09%	31.12%
Profit Margin	33.73%	32.70%	49.19%	23.45%	9.97%	0.70%
Free Cash Flow Margin	41.03%	41.88%	44.78%	51.85%	49.36%	41.06%
EBITDA	721.5	746.3	837.9	944.7	769.6	862.8
EBITDA Margin	35.36%	36.27%	35.97%	39.16%	37.96%	38.52%
D&A For EBITDA	55.4	61.3	67.4	52.3	159.6	165.8
EBIT	666.1	685	770.5	892.4	610	697
EBIT Margin	32.65%	33.29%	33.07%	36.99%	30.09%	31.12%
Effective Tax Rate	17.60%	16.98%	20.52%	22.00%	16.01%	0.94%

Source: S&P Capital IQ. Standard template.