Artisan Partners Asset Management Inc. APAM Cash Flow

Artisan partners asset management inc. (APAM)

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
Cash flows from operating activities
Net income before noncontrolling interests
235,282	241,457	220,167	224,672	232,344	254,190	206,866	198,658	179,846	150,737	193,717	180,595	175,238	173,001	178,435	183,196	198,978	212,106	226,331	239,308	243,973	242,714	241,377	234,342	217,449	-234,132	-259,279	-351,335	-360,362	42,577	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
6,386	6,233	5,978	6,133	5,874	5,668	5,695	5,250	5,305	5,297	5,315	5,404	5,352	5,272	5,158	4,850	4,657	4,519	4,134	3,913	3,596	3,250	3,234	3,185	3,220	3,225	3,041	2,804	2,583	2,401	0	0	0
Deferred income taxes
6,744	7,356	5,177	26,153	25,104	24,863	385,299	390,519	393,011	395,416	38,462	35,717	35,499	33,960	33,473	25,607	25,215	16,521	14,837	22,614	14,453	17,569	12,992	6,054	9,278	9,384	7,255	6,046	2,646	0	0	0	0
Asset impairment
104	2,107	2,107	2,107	2,003	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncash lease expense
-1	1,533	4,232	4,938	4,856	4,086	2,182	1,197	887	2,391	1,684	1,968	2,022	494	509	64	-23	-129	-249	-395	-301	-136	-50	-93	-40	-121	583	717	823	1,296	0	0	0
Net gain on the valuation of contingent value rights
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	49,570	40,360	33,420	24,800	0	0	0	0
Net investment (gain) loss on unconsolidated seed investment securities
1,107	5,101	2,470	2,786	1,982	688	2,018	1,051	747	519	380	1,184	1,166	1,073	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (gain) loss on the tax receivable agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,247	12,247	6,143	10,614	4,187	0	0	0	-	-	-	-	-	-	-	-
(Gain) loss on disposal of property and equipment
-252	-275	-138	-139	-30	-18	-60	-58	-60	-69	-70	-92	-100	-108	-72	-57	-52	-40	-39	-228	-367	-362	-359	-161	-20	-16	-54	-57	-52	-51	0	0	0
Loss on interest rate swap
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-69	0	0	0
Amortization of debt issuance costs
467	463	459	457	457	457	459	457	454	452	448	448	448	448	448	448	448	448	448	448	448	448	448	448	448	448	448	492	561	631	0	0	0
Share-based compensation
40,441	43,095	45,627	48,407	51,503	53,554	54,948	54,821	58,462	62,892	66,829	72,680	71,909	71,996	75,146	77,085	78,832	79,520	79,959	78,883	79,583	88,256	95,868	103,361	106,726	655,417	627,657	600,820	576,969	0	0	0	0
Excess tax benefit on share-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,300	1,197	1,550	1,890	1,114	0	0	0	-	-	-	-	-	-	-	-
Net investment gain (loss) of consolidated investment products
-5,186	10,084	1,265	884	1,782	5,721	12,138	13,449	10,526	4,241	0	0	0	-	-	-	-	-	-	-	-	-	-484	5,572	5,246	10,623	9,411	10,847	11,102	8,817	0	0	0
Purchase of investments by consolidated investment products
115,700	123,366	135,064	142,420	347,941	643,548	803,237	801,070	584,412	252,047	0	0	0	-	-	-	-	-	-	-	-	-	109,846	149,879	166,649	140,664	135,042	88,269	73,679	59,763	0	0	0
Proceeds from sale of investments by consolidated investment products
88,757	75,468	84,704	89,965	288,302	611,117	741,356	746,962	530,039	190,353	0	0	0	-	-	-	-	-	-	-	-	-	126,162	164,403	181,643	146,967	139,813	94,181	69,572	60,025	0	0	0
Change in assets and liabilities resulting in an increase (decrease) in cash:
Accounts receivable
17,453	14,178	14,495	10,390	4,499	-9,002	3,147	9,062	11,359	16,955	8,149	4,934	7,009	-318	-2,043	-13,900	-10,019	-9,303	370	12,040	4,540	5,599	7,799	10,841	10,389	17,739	13,248	10,764	10,400	6,605	0	0	0
Prepaid expenses and other assets
-12,655	-1,031	1,397	1,044	4,780	2,275	381	-281	-1,683	-1,629	1,972	3,319	2,142	4,898	2,602	2,867	2,007	2,614	1,792	2,473	1,939	1,607	2,000	3,364	3,145	1,966	3,228	888	1,884	1,845	0	0	0
Accounts payable and accrued expenses
10,915	6,881	2,229	-920	-8,596	10,027	5,345	5,681	10,353	-9,202	6,508	6,516	3,096	-3,520	-4,965	-11,913	-11,490	-316	-2,086	3,956	-2,675	12,638	-989	2,552	10,795	-2,405	20,364	26,299	22,230	11,396	0	0	0
Class B liability awards
-	-	-	-	-	-	-	-	-	-506	-4,180	-5,028	-5,028	-5,096	-5,096	-5,095	-5,336	-8,682	-8,696	-8,697	-9,203	-8,742	-8,741	-8,740	-8,762	-231,480	-220,526	-159,684	-164,111	93,422	0	0	0
Net change in operating assets and liabilities of consolidated investment products
-26,951	-40,066	-30,974	-30,724	-19,210	-12,823	5,161	17,920	7,855	8,893	0	0	0	-	-	-	-	-	-	-	-	-	19,296	17,711	17,051	9,453	7,924	9,464	-581	4,870	0	0	0
Net cash provided by operating activities
319,436	292,793	266,658	275,000	259,852	333,322	285,459	270,413	274,282	225,954	280,843	282,774	277,669	270,360	280,869	291,015	304,217	321,239	324,081	330,761	333,054	351,567	320,523	300,772	288,389	112,166	109,458	66,850	29,534	130,056	0	0	0
Cash flows from investing activities
Acquisition of property and equipment
2,845	3,498	4,194	4,604	3,817	2,834	1,864	1,357	1,526	1,578	1,482	314	2,640	2,933	4,889	6,061	3,853	3,794	2,698	3,542	4,394	4,797	4,660	3,849	2,894	2,359	2,466	2,574	2,421	2,744	0	0	0
Leasehold improvements
10,899	14,286	17,442	20,740	14,033	11,007	8,487	4,950	3,647	4,257	3,572	5,382	5,416	4,343	5,386	2,373	2,804	3,541	2,690	4,479	4,675	4,822	4,427	2,340	1,582	832	2,455	2,567	2,534	2,721	0	0	0
Proceeds from sale of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	4	4	4	0	0	0	0	-	-	-	-
Proceeds from Sale, Maturity and Collection of Investments
0	-	-	-	0	-	-	-	-	6,382	13,308	15,333	15,343	8,961	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of investment securities
0	-	-	-	0	-	-	-	-	5,250	9,250	7,250	4,264	4,014	0	0	0	-	-	-	-	10,031	10,021	10,000	13,000	5,000	5,000	5,000	2,000	0	0	0	0
Net cash provided by (used in) investing activities
-9,093	-17,506	-21,896	-25,844	-18,350	-14,341	-10,601	-8,307	-10,173	-4,703	-996	2,387	3,023	-2,329	-8,254	-6,643	-10,647	-11,325	-3,933	-1,966	2,771	-7,775	4,244	747	-540	8,741	-5,323	-5,688	-2,502	-1,012	0	0	0
Cash flows from financing activities
Partnership distributions
89,327	94,842	95,168	96,014	103,342	103,434	112,353	116,779	121,957	115,804	120,412	126,221	131,077	133,876	142,334	147,942	159,399	182,175	188,457	196,309	215,938	266,838	278,243	277,865	217,261	224,786	168,054	163,381	169,756	80,886	0	0	0
Dividends paid
174,251	188,178	183,900	182,540	183,941	167,780	165,488	163,058	160,554	131,021	125,862	121,080	116,466	115,384	113,943	112,242	110,465	123,948	119,005	113,265	106,099	99,804	89,546	77,770	61,399	14,621	0	0	0	-	-	-	-
Change in other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-46	-62	-68	-67	-66	-65	-64	-63	-63	-307	-341	-366	-173	0	0	0
Principle payments on note payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	324,789	0	0	0
Repayment under revolving credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	90,000	90,000	90,000	90,000	0	0	0	0
Net proceeds from issuance of common stock
63,027	0	0	0	0	21,478	21,478	21,478	21,478	162,494	162,494	162,494	162,494	0	0	0	0	176,558	176,558	176,558	176,558	554,129	850,885	850,885	850,885	653,335	356,579	356,579	356,579	0	0	0	0
Payment of costs directly associated with the issuance of Class A common stock
106	0	0	0	78	166	166	166	282	294	294	294	100	0	0	2	351	427	436	888	2,101	2,806	3,800	3,346	1,784	4,168	3,165	3,165	3,165	0	0	0	0
Purchase of equity and subsidiary equity
63,027	0	0	0	0	21,478	21,478	21,478	21,478	162,494	162,494	162,494	162,494	0	0	0	0	176,558	176,558	176,558	176,558	554,129	850,884	850,884	850,884	296,755	0	0	0	-	-	-	-
Purchase of Class A common units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	76,319	76,319	76,319	76,319	0	0	0	0
Taxes paid related to employee net share settlement
4,776	2,100	2,136	2,595	2,619	2,600	2,564	2,352	2,352	1,477	1,477	1,358	1,358	762	762	1,003	1,003	669	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Capital contributions to consolidated investment products, net
6,515	3,895	8,013	21,344	33,067	46,572	86,709	75,050	75,214	60,481	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital invested into Launch Equity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,980	2,980	1,925	3,150	3,150	4,150	4,050	5,000	0	0	0
Excess tax benefit on share-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,300	1,197	1,550	1,890	1,114	0	0	0	-	-	-	-	-	-	-	-
Net cash used in financing activities
-287,317	-306,567	-298,439	-287,662	-292,988	-263,483	-229,874	-242,514	-240,677	-218,861	-270,967	-265,819	-276,686	-277,707	-277,677	-302,047	-290,763	-326,005	-330,452	-316,907	-329,087	-373,347	-372,719	-355,347	-278,581	-50,227	15,760	24,158	8,105	-114,841	0	0	0
Net increase (decrease) in cash, cash equivalents, and restricted cash
23,026	-31,280	-53,677	-38,506	-51,486	55,498	44,984	19,592	23,432	2,390	8,880	19,342	4,006	-9,676	-5,062	-17,675	2,807	-16,091	-10,304	11,888	6,738	-29,555	-47,952	-53,828	9,268	70,680	119,895	85,320	35,137	14,203	0	0	0
Noncash activity:
Establishment of deferred tax assets
66,887	35,999	34,578	12,222	13,423	24,679	36,820	41,981	45,391	146,241	136,353	131,433	136,524	33,941	31,089	34,007	24,221	132,516	138,293	166,642	229,578	392,058	0	0	0	-	0	0	0	-	0	0	0
Establishment of amounts payable under tax receivable agreements
56,431	30,967	29,988	9,855	10,638	20,303	28,926	33,263	36,185	120,320	112,094	108,286	112,479	25,480	24,818	27,379	19,090	107,740	110,004	134,227	185,245	328,667	0	0	0	-	0	0	0	-	0	0	0
Establishment of contingent value rights
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	55,440	55,440	55,440	55,440	0	0	0	0
Operating lease assets obtained in exchange for operating lease liabilities
1,971	4,162	3,606	3,606	2,191	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-