Artisan partners asset management inc. (APAM)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11
Revenues
Total revenues

798,952

828,635

795,624

720,859

805,469

828,701

685,841

505,578

455,094

Operating Expenses
Compensation and benefits
Salaries, incentive compensation and benefits

400,456

413,166

390,202

355,835

372,167

350,302

309,163

227,258

198,601

Pre-offering related compensation - share-based awards

0

0

12,678

28,080

42,071

64,664

404,160

101,682

-21,082

Pre-offering related compensation - other

-

-

-

-

-

-

143,035

54,153

55,714

Compensation and benefits

400,456

413,166

402,880

383,915

414,238

414,966

856,358

383,093

233,233

Distribution, servicing and marketing

23,170

26,561

29,620

32,516

43,626

49,132

38,398

28,990

26,174

Occupancy

23,319

18,700

14,490

13,076

12,504

11,255

10,476

9,251

8,962

Communication and technology

39,499

37,164

34,073

32,125

25,487

21,002

14,426

13,240

10,605

General and administrative

29,053

28,103

28,150

24,993

27,229

25,443

27,387

23,917

21,825

Total operating expenses

515,497

523,694

509,213

486,625

523,084

521,798

947,045

458,491

300,799

Total operating income

283,455

304,941

286,411

234,234

282,385

306,903

-261,204

47,087

154,295

Non-operating income (expense)
Interest expense

11,054

11,223

11,449

11,653

11,706

11,572

11,869

11,442

18,386

Net investment gain (loss) of consolidated investment products

10,084

5,721

4,241

0

0

-

10,623

8,817

-3,102

Other net investment gain (loss)

6,338

2,098

1,123

1,253

445

399

5,138

740

260

Loss on debt extinguishment

-

-

-

-

-

-

-

-827

0

Net gain on the valuation of contingent value rights

-

-

-

-

-

-

49,570

0

0

Net gain (loss) on the tax receivable agreements

19,557

-251

-290,919

-650

12,247

4,187

0

0

-

Other non-operating income (expense)

-

-

-

-

-

-

0

-751

-1,933

Total non-operating income (expense)

-14,189

-3,153

284,834

-9,750

-23,508

-15,360

53,462

-3,463

-23,161

Income before income taxes

269,266

301,788

571,245

224,484

258,877

291,543

-207,742

43,624

131,134

Provision for income taxes

27,809

47,598

420,508

51,483

46,771

48,829

26,390

1,047

1,162

Net income before noncontrolling interests

241,457

254,190

150,737

173,001

212,106

242,714

-234,132

42,577

129,972

Net Income (Loss) Attributable to Noncontrolling Interest
Less: Net income attributable to noncontrolling interests - Artisan Partners Holdings

-

-

-

99,971

130,305

173,085

-269,562

33,760

133,073

Less: Net income (loss) attributable to noncontrolling interests - consolidated investment products

-

-

-

0

0

-

-

-

-

Less: Net income (loss) attributable to noncontrolling interests - Launch Equity

-

-

-

-

-

-

10,623

8,817

-3,101

Net income attributable to Artisan Partners Asset Management Inc.

156,536

158,309

49,599

73,030

81,801

69,629

24,807

0

0

Earnings (loss) per share
Basic and diluted earnings per share (in dollars per share)

2.65

2.84

0.75

1.57

1.86

-0.37

-2.04

-

-

Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract]
Basic and diluted weighted average number of common share outstanding (in shares)

51,127

48,862

44,647

38,137

35,448

27,514

13,780

-

-

Dividends declared per Class A common share (in dollars per share)

3.39

3.19

2.76

2.80

3.35

3.83

0.86

-

-

Management fees
Total revenues

794,338

825,679

795,276

719,778

803,701

827,651

683,322

503,954

450,949

Performance fees
Total revenues

4,614

2,956

348

1,081

1,768

1,050

2,519

1,624

4,145

Artisan Partners Holdings LP
Net Income (Loss) Attributable to Noncontrolling Interest

80,055

91,054

99,038

-

-

-

-

-

-

Consolidated Investment Products
Net Income (Loss) Attributable to Noncontrolling Interest

4,866

4,827

2,100

-

-

-

-

-

-