Affiliated Managers Group, Inc. (AMG)

Affiliated Managers Group Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	856.3	716.6	511.6	672.9	1,388	565.7
Depreciation & Amortization	171	170.7	42.4	61.3	67.4	52.3
Loss (Gain) From Sale of Investments	-49.2	-55.7	-39.3	-84.2	-103.5	-108.7
Loss (Gain) on Equity Investments	42.2	4.9	91.2	210.8	55.4	95
Stock-Based Compensation	194.3	202.8	111.6	112.1	113.8	126.7
Other Operating Activities	-144	-92	285.7	120.7	-592.1	459.8
Change in Accounts Receivable	-278.8	-49.8	-44.2	-48.4	87	31.7
Change in Accounts Payable	359.5	131.7	-19.2	-189.4	9.9	64.5
Change in Other Net Operating Assets	-5.3	-28.1	6.6	9.2	41.6	23.8
Operating Cash Flow	1,072	973.2	932.1	874.3	1,055	1,259
Operating Cash Flow Growth	16.83%	4.41%	6.61%	-17.10%	-16.24%	24.76%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-6.9	-6.1	-3.4	-12.4	-11.4	-8.4
Investment in Securities	110.8	-200	382.5	276.9	-98.5	-575.3
Investing Cash Flow	103.9	-206.1	379.1	264.5	-109.9	-583.7

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	899.3	847.6	25	-	200
Long-Term Debt Repaid	-	-826.1	-750	-25	-60.8	-33
Net Debt Issued (Repaid)	208.6	73.2	97.6	-	-60.8	167
Issuance of Common Stock	6.4	6.4	6.3	13.4	15.2	117.7
Repurchase of Common Stock	-1,094	-991	-903.4	-440.7	-775.3	-745.8
Common Dividends Paid	-1	-1	-1.4	-1.5	-1.6	-1.7
Other Financing Activities	-239.4	-236.3	-375	-329.5	-580.4	-335.5
Financing Cash Flow	-1,119	-1,149	-1,176	-758.3	-1,403	-798.3

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	-4.2	11.6	-4.2	6.9	-22.6	-0.8
Miscellaneous Cash Flow Adjustments	-2.2	6	5.3	-3	1.4	-7.6
Net Cash Flow	50	-364	136.4	384.4	-479.3	-131.2

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	1,065	967.1	928.7	861.9	1,043	1,251
Free Cash Flow Growth	16.69%	4.13%	7.75%	-17.39%	-16.59%	24.98%
Free Cash Flow Margin	46.91%	46.62%	45.50%	41.88%	44.79%	51.85%
Free Cash Flow Per Share	34.91	29.31	25.73	20.42	21.29	27.92
Levered Free Cash Flow	277.18	450.23	394.29	171.25	688.56	857.93
Unlevered Free Cash Flow	368.93	535.54	477.6	248.63	760.06	927.55

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	137.9	137.9	138.2	110.4	109.4	103
Cash Income Tax Paid	110.7	110.7	142.5	314.5	120.2	87.1
Change in Working Capital	35.2	25.9	-71.1	-219.3	125.6	68.4

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Jul 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 22, 2026

Data Sources Report a data error