Artisan Partners Asset Management Inc. (APAM)

APAM 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	1,064	975.13	993.29	1,227	899.57	798.95
Revenue Growth (YoY)	11.72%	-1.83%	-19.06%	36.43%	12.59%	-3.58%
Cost of Revenue	582.11	529	509.98	562.54	435.3	399.94
Gross Profit	481.64	446.13	483.3	664.7	464.27	399.02
Selling, General & Admin	147.74	142.54	137.79	124.21	105.07	113.45
Operating Expenses	147.74	142.54	137.79	124.21	105.07	113.45
Operating Income	333.9	303.59	345.51	540.49	359.2	285.56
Interest Expense	-8.51	-8.57	-9.91	-10.8	-10.8	-11.05
Interest & Investment Income	9.15	6.3	0.33	0.56	0.31	6.34
Other Non Operating Income (Expenses)	-0.5	0.51	0.91	0.36	-4.67	-19.56
EBT Excluding Unusual Items	334.03	301.83	336.84	530.61	344.02	261.29
Gain (Loss) on Sale of Investments	106.44	81.87	-23.6	20.95	26.15	10.08
Asset Writedown	-	-	-1.41	-	-0.87	-2.11
Pretax Income	440.47	383.69	311.84	551.55	369.3	269.27
Income Tax Expense	85.53	71.89	63.45	107.03	60.8	27.81
Earnings From Continuing Operations	354.94	311.8	248.39	444.52	308.5	241.46
Minority Interest in Earnings	-100.14	-89.52	-41.63	-108.01	-95.89	-84.92
Net Income	254.8	222.29	206.76	336.52	212.62	156.54
Preferred Dividends & Other Adjustments	22.15	19.88	22.8	31.43	23.27	21.15
Net Income to Common	232.65	202.41	183.95	305.09	189.35	135.38
Net Income Growth	21.14%	7.51%	-38.56%	58.27%	35.83%	-1.12%
Shares Outstanding (Basic)	64	63	62	60	56	51
Shares Outstanding (Diluted)	65	63	62	60	56	51
Shares Change (YoY)	1.91%	1.58%	4.37%	7.63%	8.82%	4.64%
EPS (Basic)	3.61	3.19	2.94	5.10	3.40	2.65
EPS (Diluted)	3.60	3.19	2.94	5.09	3.40	2.65
EPS Growth	18.41%	8.50%	-42.24%	49.71%	28.40%	-6.76%
Free Cash Flow	319.24	244.4	293.05	392.58	315.58	275.01
Free Cash Flow Per Share	4.95	3.85	4.69	6.56	5.67	5.38
Dividend Per Share	2.820	2.440	2.470	3.980	3.080	2.480
Dividend Growth	22.08%	-1.21%	-37.94%	29.22%	24.19%	5.08%
Gross Margin	45.28%	45.75%	48.66%	54.16%	51.61%	49.94%
Operating Margin	31.39%	31.13%	34.78%	44.04%	39.93%	35.74%
Profit Margin	21.87%	20.76%	18.52%	24.86%	21.05%	16.94%
Free Cash Flow Margin	30.01%	25.06%	29.50%	31.99%	35.08%	34.42%
EBITDA	343.85	312.94	353.31	547.42	365.82	291.8
EBITDA Margin	32.32%	32.09%	35.57%	44.61%	40.67%	36.52%
D&A For EBITDA	9.95	9.35	7.8	6.93	6.63	6.23
EBIT	333.9	303.59	345.51	540.49	359.2	285.56
EBIT Margin	31.39%	31.13%	34.78%	44.04%	39.93%	35.74%
Effective Tax Rate	19.42%	18.74%	20.35%	19.40%	16.46%	10.33%
Revenue as Reported	1,064	975.13	993.29	1,227	899.57	798.95

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