APAM Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	259.75	222.29	206.76	336.52
Depreciation & Amortization	9.86	9.35	7.8	6.93
Other Amortization	0.39	0.44	0.44	0.42
Loss (Gain) From Sale of Assets	0.05	0	0.05	0
Asset Writedown & Restructuring Costs	0.98	-	1.41	-
Loss (Gain) From Sale of Investments	-73.43	-81.87	23.6	-22.06
Stock-Based Compensation	32.48	33.7	41.53	39.65
Other Operating Activities	37.33	6.59	-51.37	88.32
Change in Accounts Receivable	-16.9	0.13	16.62	-15.96
Change in Accounts Payable	42.67	27.39	16.46	-1.3
Change in Other Net Operating Assets	79.66	35.01	49.32	-33.97
Operating Cash Flow	372.84	253.03	312.61	398.55
Operating Cash Flow Growth	47.35%	-19.06%	-21.56%	25.06%
Capital Expenditures	-4.75	-8.63	-19.56	-5.97
Investment in Securities	-20.12	-29.54	-44.17	-21.01
Investing Cash Flow	-24.87	-38.17	-63.73	-26.97
Short-Term Debt Issued	-	-	90	-
Total Debt Issued	-	-	90	-
Short-Term Debt Repaid	-	-	-90	-
Total Debt Repaid	-	-	-90	-
Issuance of Common Stock	-	-	-	46.93
Repurchase of Common Stock	-6.83	-6.76	-7.87	-56.17
Common Dividends Paid	-197.96	-159.14	-199.77	-254.45
Other Financing Activities	-25.56	15.05	-50.01	-51.62
Financing Cash Flow	-254.22	-174.96	-306.4	-335.43
Miscellaneous Cash Flow Adjustments	-4	-4.68	-	-34.82
Net Cash Flow	89.75	35.22	-57.52	1.32
Free Cash Flow	368.09	244.4	293.05	392.58
Free Cash Flow Growth	50.61%	-16.60%	-25.35%	24.40%
Free Cash Flow Margin	33.11%	25.06%	29.50%	31.99%
Free Cash Flow Per Share	5.67	3.85	4.69	6.56
Cash Interest Paid	7.68	7.68	10.3	10.21
Cash Income Tax Paid	42.72	30.72	31.57	70.34
Levered Free Cash Flow	364.48	211.56	279.89	261.27
Unlevered Free Cash Flow	369.47	216.47	285.65	267.6
Change in Working Capital	105.43	62.53	82.4	-51.23

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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