AFFILIATED MANAGERS GROUP, INC. AMG Cash Flow

Affiliated managers group, inc. (AMG)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Cash flow from (used in) operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
478,100	305,100	110,500	150,200	175,300	532,300	1,024,900	1,040,000	1,039,100	1,008,700	820,900	780,000	759,100	739,000	761,000	773,600	780,000	827,200	839,200	840,600	828,700	767,400	776,700	743,100	699,300	669,600	559,700	521,400	448,100	411,400	361,100	323,100	363,200	359,600	377,800	366,700	323,900	287,300	247,860	235,109	0	0	0
Adjustments to reconcile Net income (loss) to cash flow from (used in) operating activities:
Intangible amortization and impairments
135,500	144,500	110,300	119,300	121,200	114,800	97,800	88,900	87,700	86,400	93,100	98,800	105,500	110,200	111,200	114,800	114,200	115,400	124,400	122,600	122,600	122,200	114,200	118,200	122,700	128,200	129,100	120,400	202,500	200,000	200,500	198,600	106,000	97,700	87,300	85,700	73,200	60,000	47,293	34,837	0	0	0
Depreciation and other amortization
21,200	21,300	22,200	21,400	21,700	22,000	21,900	21,400	20,600	20,300	19,400	19,600	19,700	19,500	20,300	19,800	19,400	18,800	18,100	18,000	17,500	16,900	16,100	15,100	14,300	14,000	13,800	13,900	14,200	14,100	13,900	14,400	14,600	15,000	15,600	15,300	14,900	14,100	13,267	12,810	0	0	0
Deferred income tax benefit
11,000	-55,800	-56,200	-47,300	-47,500	51,900	-172,800	-160,900	-145,500	-123,600	69,800	64,900	67,100	59,300	90,300	91,900	94,600	101,200	113,400	110,400	100,000	81,000	52,000	29,200	30,100	27,700	29,400	42,000	10,400	11,100	9,100	16,100	39,000	35,200	43,000	34,800	36,400	35,400	28,073	26,339	0	0	0
Imputed interest expense and contingent payment arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,100	-	-17,700	-14,500	-25,400	-30,100	32,800	33,900	40,000	31,700	36,200	39,000	-9,400	-26,100	-33,400	-31,800	16,500	27,300	32,400	31,300	29,400	24,900	20,789	16,954	0	0	0
Income (Loss) from Equity Method Investments
-93,100	-338,000	-510,000	-460,600	-454,600	-200	261,900	272,900	312,600	302,200	359,700	356,500	346,700	328,800	318,400	308,900	303,800	288,900	303,600	294,000	288,600	281,700	336,200	321,900	303,400	307,800	203,300	188,600	165,800	129,700	79,900	70,300	77,000	72,700	89,100	88,800	78,600	77,500	36,703	34,554	0	0	0
Distributions of earnings received from equity method investments
280,300	252,400	266,400	294,400	337,100	466,300	472,100	474,100	465,600	429,800	427,400	424,800	412,000	346,400	339,700	328,500	316,600	346,100	344,900	335,100	312,500	366,900	354,700	334,700	340,900	226,600	212,600	192,500	161,800	104,700	97,200	103,400	100,200	128,300	124,800	112,500	107,500	65,800	65,225	60,404	0	0	0
Amortization of issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	7,300	-	0	0	0	-	-	-	-	-	0	0	-	-	0	0	0	-	8,200	8,400	8,400	7,600	7,443	7,284	0	0	0
Tax benefit from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	0	-	1,800	3,200	5,000	4,500	5,215	5,274	0	0	0
Share-based compensation and Affiliate equity expense
95,700	90,400	86,800	93,600	90,500	101,100	99,000	91,700	94,500	90,400	83,400	95,400	91,200	80,400	83,600	68,800	100,600	102,700	116,200	119,700	116,900	113,700	134,400	122,300	84,100	84,100	77,100	76,100	75,200	69,300	57,200	56,500	54,500	52,400	28,400	24,700	22,000	19,500	12,960	11,318	0	0	0
Affiliate equity expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	0	-	13,300	14,900	14,600	14,500	13,450	13,419	0	0	0
Other non-cash items
4,300	17,700	-1,700	5,800	8,300	2,700	14,800	12,400	19,400	26,300	29,200	30,700	21,700	16,100	46,000	36,400	38,800	38,000	1,600	4,600	4,300	-3,800	500	-600	-15,200	-10,400	-32,300	-36,500	-34,300	-24,300	-13,000	-19,400	-26,900	-30,500	-19,000	-23,500	0	-	0	0	-	-	-
Changes in assets and liabilities:
Purchases of securities by consolidated Affiliate sponsored investment products
68,300	42,300	120,400	167,600	180,900	190,800	80,400	40,900	34,900	34,100	47,800	60,800	78,200	86,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales of securities by consolidated Affiliate sponsored investment products
40,200	16,500	25,500	28,700	38,600	49,600	36,300	39,000	35,300	29,900	46,900	57,800	73,300	82,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Increase) decrease in other assets
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	4,700	-700	-2,900	-2,600	-1,500	-6,800	-4,500	-8,200	1,300	9,846	7,061	0	0	0
Other adjustments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Increase in receivables
-82,800	15,800	-4,500	51,500	24,500	-14,400	3,400	38,300	70,800	53,500	139,800	-3,800	-48,700	-29,600	-117,200	-58,800	-32,700	-54,500	-96,600	-25,800	-20,600	-26,500	-54,900	-96,400	-65,600	101,800	272,100	269,700	263,000	41,600	17,000	-17,700	-7,100	-22,600	18,900	42,700	45,300	49,200	29,051	53,798	0	0	0
(Increase) decrease in Affiliate investments in partnerships
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Increase in unsettled fund shares receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	0	-	2,100	32,400	-52,100	-14,100	0	0	0	-	-
Increase in other assets
-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	11,600	25,700	16,900	3,400	1,911	-8,919	0	0	0
Increase in unsettled fund shares payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	0	-	-7,000	18,800	-64,400	-10,500	0	0	0	-	-
Decrease in payables, accrued liabilities and other liabilities
-92,800	-56,100	-74,800	-17,000	-51,700	-6,800	41,700	83,700	104,700	52,300	191,300	62,500	20,600	20,300	-152,600	-69,400	-29,300	-32,000	-56,300	40,200	57,000	189,600	44,400	-48,100	-63,200	177,600	320,100	282,700	278,800	400	-17,800	-20,000	-14,400	11,100	49,400	64,600	40,500	66,400	50,043	25,004	0	0	0
Cash flow from (used in) operating activities
1,032,600	929,100	881,000	872,500	917,700	1,140,600	1,246,100	1,303,700	1,253,300	1,170,400	1,166,300	1,152,900	1,146,800	1,050,300	1,041,500	1,084,100	1,119,700	1,213,200	1,262,700	1,281,500	1,258,300	1,436,900	1,239,800	1,118,100	1,052,600	957,100	933,900	862,200	782,900	633,200	605,600	636,700	632,700	708,500	679,100	605,300	541,000	480,700	431,662	335,476	0	0	0
Investments in Affiliates
128,900	162,300	162,300	59,800	41,400	7,300	7,600	7,600	25,900	30,600	506,700	840,200	814,700	1,361,300	1,132,600	817,100	849,000	297,700	760,600	743,000	1,136,100	1,245,000	534,400	560,300	135,200	26,300	376,300	755,300	0	-	0	0	-	13,300	125,300	136,300	801,700	916,100	941,960	932,371	0	0	0
Divestments of Affiliates
88,900	117,700	28,800	28,800	28,800	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of fixed assets
9,200	9,600	11,600	14,700	16,200	18,700	18,100	21,600	19,900	18,500	19,000	18,800	20,200	20,200	27,800	35,100	37,600	38,200	31,000	20,400	19,800	19,200	21,700	25,600	23,500	24,000	26,100	23,900	23,300	20,000	17,700	16,700	15,700	16,100	11,800	10,100	9,400	8,800	5,738	4,201	0	0	0
Purchase of investment securities
46,300	43,100	47,100	53,100	44,500	40,800	41,800	42,000	36,000	37,200	28,000	21,600	19,500	16,000	14,300	16,700	14,800	13,500	13,800	17,700	20,100	21,200	21,900	15,100	11,300	11,400	11,600	12,600	12,200	19,100	14,600	51,300	52,100	49,200	69,200	42,600	55,700	64,000	46,111	0	0	-	0
Sale of investment securities
-58,700	-72,900	-55,000	-63,100	-25,100	-48,600	-55,500	-58,500	-75,400	-100,100	-178,100	-145,400	-103,800	-65,300	43,900	34,700	30,300	24,900	25,900	28,200	17,900	17,300	20,600	15,000	12,400	11,400	7,800	10,400	21,500	34,200	31,200	28,100	13,500	10,900	14,100	13,600	13,600	15,100	13,384	0	0	0	-
Cash flow from (used) in investing activities
-8,400	-24,400	-137,200	-35,700	-14,400	-18,200	-12,000	-12,700	-6,400	13,800	-458,600	-791,200	-765,000	-1,332,200	-1,130,800	-834,200	-871,100	-324,500	-779,500	-752,900	-1,158,100	-1,268,100	-557,400	-586,000	-157,600	-50,300	-98,300	-418,200	-811,400	-802,300	-756,400	-445,200	-54,300	-67,700	-192,200	-175,400	-853,200	-973,800	-977,514	-956,499	0	0	0
Cash flow from (used in) financing activities:
Borrowings of debt
384,400	470,700	1,030,700	1,005,700	1,046,300	1,150,000	690,000	905,000	910,000	545,000	895,000	970,000	910,000	1,350,000	1,220,000	1,315,000	1,245,000	1,253,300	1,663,300	1,283,300	1,573,300	1,746,500	1,181,500	1,626,500	1,436,500	760,000	955,000	675,000	0	-	0	0	-	-	-	0	-	1,191,500	0	0	0	-	-
Repayments of debt
125,000	510,000	1,089,100	1,100,600	1,130,600	1,180,600	761,500	1,060,000	1,080,000	805,000	1,100,000	1,080,000	1,190,000	1,125,000	895,000	1,030,000	855,000	1,256,000	1,156,000	761,000	1,091,000	1,020,600	1,751,900	1,671,900	1,431,900	1,201,300	705,000	705,000	0	-	0	0	-	570,000	440,000	648,500	786,500	731,500	0	0	0	-	-
Repurchases of common stock (net)
365,300	356,100	301,500	318,100	397,000	496,100	492,900	500,900	441,400	351,300	276,400	170,200	96,500	33,400	67,500	132,300	232,800	413,700	518,700	505,600	388,600	190,800	67,400	15,700	0	-	0	0	-	60,900	108,900	0	0	-	0	-	-	-	-	-	-	-	-
Issuance of senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Settlement of senior convertible securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Issuance of Common Stock
-	-	-	-	-	-	-	-	-	-	336,300	487,600	481,600	465,800	167,000	12,300	18,700	57,800	57,500	70,600	78,200	41,400	38,400	36,200	25,800	48,200	75,400	87,000	87,500	73,400	52,500	29,500	27,900	28,000	31,500	41,800	59,100	46,400	54,239	55,261	0	0	0
Dividends paid on common stock
63,600	65,300	65,400	65,200	65,000	64,400	59,700	54,900	50,000	44,900	33,800	22,600	11,300	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Settlement of treasury lock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-
Note and contingent payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,800	-	18,700	13,400	15,200	14,400	7,700	5,900	1,900	-41,000	-38,000	-39,700	-41,200	-3,600	5,900	-700	-73,000	-72,500	-77,600	-75,100	-3,100	-28,800	-24,604	-21,636	0	0	0
Distributions to non-controlling interests
342,900	347,900	353,500	357,900	362,700	370,500	379,000	378,900	372,600	352,200	350,800	343,700	344,500	354,100	364,600	390,400	418,400	431,400	438,000	453,900	465,000	569,400	516,800	433,200	360,700	267,100	262,400	241,200	224,800	181,400	189,600	206,200	181,000	167,600	139,300	121,400	132,100	100,700	91,962	100,768	0	0	0
Affiliate equity repurchases and issuances (net)
-213,900	-135,500	-90,500	-104,700	-111,400	-113,700	-151,200	-139,500	-156,400	-165,700	-146,200	-109,400	-67,500	-104,000	-105,200	-167,200	-161,600	-120,600	-106,600	-57,400	-79,000	-65,700	-156,000	-156,300	-133,700	-118,100	-89,600	-80,100	-75,200	-107,900	-32,000	-36,600	-22,500	-13,400	-26,300	-26,100	-41,000	-135,800	-123,602	-133,423	0	0	0
Issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	9,100	8,400	8,500	900	588	0	0	0	-
Excess tax benefit from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	44,500	46,000	59,200	62,900	61,500	65,600	54,300	0	-	0	0	-	22,000	0	0	0	-	8,300	10,200	14,600	10,100	9,450	8,636	0	0	0
Settlement of forward equity sale agreement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-
Other financing items
-21,400	-9,600	-39,100	-49,700	-26,100	-40,600	25,400	-12,300	-17,400	-18,300	-40,400	-42,700	-25,000	-7,500	34,000	28,600	17,300	8,300	-53,200	-48,200	-50,200	-49,900	-5,200	-15,400	-17,900	-7,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Subscriptions (redemptions) of non-controlling interests in partnerships
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Cash flow used in financing activities
-728,700	-934,700	-775,600	-857,700	-913,700	-983,100	-1,159,900	-1,268,300	-1,225,400	-1,189,700	-707,200	-301,900	-336,300	200,900	-26,200	-371,100	-380,400	-857,700	-487,000	-399,600	-389,200	-77,600	-643,000	-582,000	-489,300	-869,100	-685,900	-338,200	-26,300	146,200	195,900	-189,600	-437,300	-503,800	-417,500	-344,800	357,700	545,000	488,633	567,590	0	0	0
Effect of foreign currency exchange rate changes on cash and cash equivalents
-6,500	8,700	-8,000	-6,100	-12,800	-10,100	-800	5,500	19,100	14,200	-20,200	-28,200	-43,800	-49,900	-29,700	-32,200	-12,400	-17,800	-14,700	-14,700	-19,900	-10,200	-1,600	10,300	6,400	1,500	100	-3,000	-3,900	3,800	4,200	-2,100	-200	-800	-1,500	5,600	3,500	1,900	4,000	2,392	0	0	0
Net increase (decrease) in cash and cash equivalents
289,000	-21,300	-39,800	-27,000	-23,200	129,200	73,400	28,200	40,600	8,700	-19,700	31,600	1,700	-130,900	-145,200	-153,400	-144,200	13,200	-18,500	114,300	-308,900	81,000	37,800	-39,600	412,100	39,200	149,800	102,800	-58,700	-19,100	49,300	-200	140,900	136,200	67,900	90,700	49,000	53,800	-53,219	-51,041	0	0	0
Effect of deconsolidation of Affiliates and Affiliate sponsored investment products
2,000	4,600	5,800	5,800	5,800	3,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosure of non-cash financing activities:
Notes received for Affiliate equity sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	0	-	0	0	0	-	0	0	0	0	0
Payables recorded for Affiliate equity repurchases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	10,600	28,800	32,800	36,300	32,100	29,400	43,700	37,800	46,100	60,521	41,992	0	0	0
Stock received in settlement of liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	44,800	44,800	44,100	500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Settlement of 2006 junior convertible securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	217,800	217,800	217,800	217,800	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock issued upon vesting of restricted stock units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	63,600	63,800	63,500	61,800	1,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payables recorded under contingent payment arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	12,000	36,800	0	-	0	0	-	-	0	-	-	77,600	98,900	0	0	0	-
Payables recorded for forward equity sale settlements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Stock issued for conversion of zero coupon senior convertible note
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-
Stock issued for investments in Affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-
Stock issued for settlement of forward equity sale agreement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-