AFFILIATED MANAGERS GROUP, INC. AMG Cash Flow

Affiliated managers group, inc. (AMG)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Cash flow from (used in) operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
305,100	532,300	1,008,700	739,000	827,200	767,400	669,600	411,400	359,600	287,300	212,900	131,899
Adjustments to reconcile Net income (loss) to cash flow from (used in) operating activities:
Intangible amortization and impairments
144,500	114,800	86,400	110,200	115,400	122,200	128,200	200,000	97,700	60,000	32,900	33,854
Depreciation and other amortization
21,300	22,000	20,300	19,500	18,800	16,900	14,000	14,100	15,000	14,100	12,700	12,767
Deferred income tax benefit
-55,800	51,900	-123,600	59,300	101,200	81,000	27,700	11,100	35,200	35,400	28,700	-37,539
Imputed interest expense and contingent payment arrangements
-	-	-	-	-	-30,100	31,700	-26,100	27,300	24,900	13,500	8,068
Income (Loss) from Equity Method Investments
-338,000	-200	302,200	328,800	288,900	281,700	307,800	129,700	72,700	77,500	31,600	-97,142
Distributions of earnings received from equity method investments
252,400	466,300	429,800	346,400	346,100	366,900	226,600	104,700	128,300	65,800	55,500	80,487
Amortization of issuance costs
-	-	-	-	-	7,600	9,600	-	-	7,600	7,300	4,192
Tax benefit from exercise of stock options
-	-	-	-	-	-	-	-	-	4,500	4,300	2,767
Share-based compensation and Affiliate equity expense
90,400	101,100	90,400	80,400	102,700	113,700	84,100	69,300	52,400	19,500	8,600	53,968
Affiliate equity expense
-	-	-	-	-	-	-	-	-	14,500	13,200	13,948
Other non-cash items
17,700	2,700	26,300	16,100	38,000	-3,800	-10,400	-24,300	-30,500	-8,500	42,600	-
Changes in assets and liabilities:
Purchases of securities by consolidated Affiliate sponsored investment products
42,300	190,800	34,100	86,200	4,600	1,900	-	-	-	-	-	-
Sales of securities by consolidated Affiliate sponsored investment products
16,500	49,600	29,900	82,800	4,100	1,300	-	-	-	-	-	-
(Increase) decrease in other assets
51,400	11,700	7,700	6,100	-6,700	6,500	12,800	4,700	-1,500	1,300	-3,300	-9,770
Other adjustments
-	-	-	-	-	-	-	-	-	-	-	44,735
Increase in receivables
15,800	-14,400	53,500	-29,600	-54,500	-26,500	101,800	41,600	-22,600	49,200	6,500	-102,788
(Increase) decrease in Affiliate investments in partnerships
-	-	-	-	-	-	-	-	-	-	-	-6,045
Increase in unsettled fund shares receivable
-	-	-	-	-	-	-	-	-	-14,100	-	-
Increase in other assets
-	-	-	-	-	-	-	-	-	3,400	8,100	-29,154
Increase in unsettled fund shares payable
-	-	-	-	-	-	-	-	-	-10,500	-	-
Decrease in payables, accrued liabilities and other liabilities
-56,100	-6,800	52,300	20,300	-32,000	189,600	177,600	400	11,100	66,400	-60,900	-86,080
Cash flow from (used in) operating activities
929,100	1,140,600	1,170,400	1,050,300	1,213,200	1,436,900	957,100	633,200	708,500	480,700	243,200	507,965
Investments in Affiliates
162,300	7,300	30,600	1,361,300	297,700	1,245,000	26,300	797,400	13,300	916,100	139,300	75,602
Divestments of Affiliates
117,700	0	0	-	-	-	-	-	-	-	-	-
Purchase of fixed assets
9,600	18,700	18,500	20,200	38,200	19,200	24,000	20,000	16,100	8,800	2,600	9,554
Purchase of investment securities
43,100	40,800	37,200	16,000	13,500	21,200	11,400	19,100	49,200	64,000	47,700	33,613
Sale of investment securities
-72,900	-48,600	-100,100	-65,300	24,900	17,300	11,400	34,200	10,900	15,100	8,100	25,156
Cash flow from (used) in investing activities
-24,400	-18,200	13,800	-1,332,200	-324,500	-1,268,100	-50,300	-802,300	-67,700	-973,800	-181,500	-93,613
Cash flow from (used in) financing activities:
Borrowings of debt
470,700	1,150,000	545,000	1,350,000	1,253,300	1,746,500	760,000	970,000	360,000	1,191,500	142,000	366,000
Repayments of debt
510,000	1,180,600	805,000	1,125,000	1,256,000	1,020,600	1,201,300	555,000	570,000	731,500	375,500	651,986
Repurchases of common stock (net)
356,100	496,100	351,300	33,400	413,700	190,800	15,700	60,900	61,000	-	-	65,490
Issuance of senior notes
-	-	-	-	-	-	-	-	-	-	-	460,000
Settlement of convertible securities
-	-	-	-	-	-	-	-	-	-	-	208,730
Repurchase of junior convertible trust preferred securities
-	-	-	-	-	-	-	-	-	-	-	24,213
Proceeds from Issuance of Common Stock
-	-	-	465,800	57,800	41,400	48,200	73,400	28,000	46,400	37,100	238,814
Dividends paid on common stock
65,300	64,400	44,900	0	0	-	-	-	-	-	-	-
Settlement of treasury lock
-	-	-	-	-	-	-	-	-	-	-	-8,154
Note and contingent payments
-	-	-	-	-	14,400	-41,000	-3,600	-72,500	-28,800	3,200	5,628
Distributions to non-controlling interests
347,900	370,500	352,200	354,100	431,400	569,400	267,100	181,400	167,600	100,700	120,000	252,289
Affiliate equity repurchases and issuances (net)
-135,500	-113,700	-165,700	-104,000	-120,600	-65,700	-118,100	-107,900	-13,400	-135,800	-39,500	-95,798
Subscriptions to consolidated Affiliate sponsored investment products, net of redemptions
19,000	132,800	2,700	9,100	-	-	-	-	-	-	-	-
Issuance costs
-	-	-	-	-	-	-	-	-	900	1,300	28,859
Excess tax benefit from share-based compensation
-	-	-	-	44,500	61,500	17,300	22,000	-	10,100	7,500	11,101
Settlement of forward equity sale agreement
-	-	-	-	-100	45,000	44,000	0	-	294,700	144,300	-
Other financing items
-9,600	-40,600	-18,300	-7,500	8,300	-49,900	-7,400	-10,400	-7,300	-	-	-
Subscriptions (redemptions) of non-controlling interests in partnerships
-	-	-	-	-	-	-	-	-	-	-	672
Cash flow used in financing activities
-934,700	-983,100	-1,189,700	200,900	-857,700	-77,600	-869,100	146,200	-503,800	545,000	-202,200	-238,340
Effect of foreign currency exchange rate changes on cash and cash equivalents
8,700	-10,100	14,200	-49,900	-17,800	-10,200	1,500	3,800	-800	1,900	3,600	-2,535
Net increase (decrease) in cash and cash equivalents
-21,300	129,200	8,700	-130,900	13,200	81,000	39,200	-19,100	136,200	53,800	-136,900	173,477
Effect of deconsolidation of Affiliates and Affiliate sponsored investment products
4,600	3,200	0	2,100	0	0	-	-	-	-	-	-
Supplemental disclosure of cash flow information:
Interest paid
84,100	76,900	82,100	85,000	76,400	67,900	87,400	79,800	75,900	61,600	58,000	63,987
Income taxes paid
102,700	160,200	165,000	152,300	89,600	110,700	82,800	51,600	46,600	49,200	17,800	45,279
Lease liabilities paid
35,400	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosure of non-cash financing activities:
Payables recorded for Affiliate equity repurchases
19,800	36,200	47,300	12,100	62,300	21,500	4,000	10,600	32,100	46,100	78,400	23,655
Stock received in settlement of liability
-	-	-	-	-	-	500	100	-	-	-	-
Payables recorded for share repurchases
10,600	6,900	23,100	0	0	47,800	0	0	-	-	-	-
Settlement of 2006 junior convertible securities
-	-	-	-	-	217,800	0	0	-	-	-	-
Stock issued upon vesting of restricted stock units
32,700	4,700	59,300	17,200	10,700	63,600	1,300	500	-	-	-	-
Stock received for tax withholdings on share-based payments
6,400	14,700	20,000	9,800	3,600	44,700	-	-	-	-	-	-
Stock received for the exercise of stock options
0	4,100	30,200	11,200	0	-	-	-	-	-	-	-
Right-of-use assets obtained in exchange for new operating leases
189,700	-	-	-	-	-	-	-	-	-	-	-
Payables recorded under contingent payment arrangements
-	-	-	-	-	-	-	28,900	0	77,600	60,000	-
Stock issued for conversion of floating rate senior convertible securities
-	-	-	-	-	-	-	-	-	-	-	299,970
Stock issued in settlement of mandatory convertible securities
-	-	-	-	-	-	-	-	-	-	-	93,750
Stock issued for conversion of zero coupon senior convertible note
-	-	-	-	-	-	-	-	-	47,500	-	31,272
Stock issued for investments in Affiliates
-	-	-	-	-	-	-	-	-	146,900	-	-
Stock issued for settlement of forward equity sale agreement
-	-	-	-	-	-	-	-	-	44,500	-	-