Artisan Partners Asset Management Inc. (APAM)

APAM 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	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	308.86	290.32	259.75	222.29	206.76	336.52
Depreciation & Amortization	8.77	9.38	9.86	9.35	7.8	6.93
Other Amortization	0.4	0.4	0.39	0.44	0.44	0.42
Loss (Gain) From Sale of Assets	0.16	0.01	0.05	0	0.05	0
Asset Writedown & Restructuring Costs	-	-	0.98	-	1.41	-
Loss (Gain) From Sale of Investments	-46.47	-88.13	-73.43	-81.87	23.6	-22.06
Stock-Based Compensation	28.33	28.55	32.48	33.7	41.53	39.65
Other Operating Activities	-26.36	-107.03	37.33	6.59	-51.37	88.32
Change in Accounts Receivable	-20.06	-34.7	-16.9	0.13	16.62	-15.96
Change in Accounts Payable	67.7	64.12	42.67	27.39	16.46	-1.3
Change in Other Net Operating Assets	8.92	9.08	79.66	35.01	49.32	-33.97
Operating Cash Flow	330.25	171.99	372.84	253.03	312.61	398.55
Operating Cash Flow Growth	15.31%	-53.87%	47.35%	-19.06%	-21.56%	25.06%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-2.9	-0.68	-4.75	-8.63	-19.56	-5.97
Investment in Securities	66.88	35.93	-20.12	-29.54	-44.17	-21.01
Investing Cash Flow	41.49	35.25	-24.87	-38.17	-63.73	-26.97

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Short-Term Debt Issued	-	50	-	-	90	-
Total Debt Issued	-	50	-	-	90	-
Short-Term Debt Repaid	-	-60	-	-	-90	-
Total Debt Repaid	-	-60	-	-	-90	-
Net Debt Issued (Repaid)	-	-10	-	-	-	-
Issuance of Common Stock	-	-	-	-	-	46.93
Repurchase of Common Stock	-4.53	-8.96	-6.83	-6.76	-7.87	-56.17
Common Dividends Paid	-246.38	-221.58	-197.96	-183.25	-199.77	-254.45
Special Dividends Paid	-40.67	-35.4	-23.87	-	-48.76	-20.12
Dividends Paid	-287.05	-256.98	-221.83	-183.25	-248.53	-274.57
Other Financing Activities	-14.57	92.98	-25.56	15.05	-50.01	-51.62
Financing Cash Flow	-306.15	-182.96	-254.22	-174.96	-306.4	-335.43

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Miscellaneous Cash Flow Adjustments	-29.73	-36.99	-4	-4.68	-	-34.82
Net Cash Flow	35.86	-12.71	89.75	35.22	-57.52	1.32

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	327.35	171.31	368.09	244.4	293.05	392.58
Free Cash Flow Growth	14.62%	-53.46%	50.61%	-16.60%	-25.35%	24.40%
Free Cash Flow Margin	26.00%	14.31%	33.11%	25.06%	29.50%	31.99%
Free Cash Flow Per Share	4.95	2.61	5.67	3.85	4.69	6.56
Levered Free Cash Flow	266.7	193.17	327.58	211.56	279.89	261.27
Unlevered Free Cash Flow	271.68	198.11	332.57	216.47	285.65	267.6

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	7.8	7.8	7.68	7.68	10.3	10.21
Cash Income Tax Paid	57.03	57.03	42.72	30.72	31.57	70.34
Change in Working Capital	56.56	38.49	105.43	62.53	82.4	-51.23

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Oct 29, 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:

Nov 13, 2026

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