Artisan Partners Asset Management Inc. APAM Income Statement

Artisan partners asset management inc. (APAM)

Income statement / 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
Revenues
Total revenues
814,826	798,952	782,193	792,020	803,589	828,635	847,813	839,581	823,558	795,624	766,384	745,909	730,404	720,859	731,386	745,618	776,423	805,469	819,477	833,570	830,484	828,701	820,278	785,964	739,410	685,841	625,284	575,275	534,128	505,578	0	0	0
Operating Expenses
Compensation and benefits
Salaries, incentive compensation and benefits
-	-	-	-	-	-	-	-	-	390,202	378,959	370,019	361,604	355,835	353,949	355,523	361,220	372,167	371,703	371,287	362,874	350,302	349,655	338,382	322,338	309,163	283,004	259,935	244,245	227,258	0	0	0
Pre-offering related compensation - share-based awards
-	-	-	-	-	-	-	-	-	12,678	19,017	25,803	26,600	28,080	32,216	35,962	39,476	42,071	44,026	45,925	51,441	64,664	75,871	86,881	94,566	404,160	396,298	428,880	400,098	101,682	0	0	0
Pre-offering related compensation - other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	143,035	143,228	175,293	189,040	54,153	0	0	0
Compensation and benefits
405,891	400,456	399,072	401,966	407,224	413,166	416,711	412,495	408,516	402,880	397,976	395,822	388,204	383,915	386,165	391,485	400,696	414,238	415,729	417,212	414,315	414,966	425,526	425,263	416,904	856,358	822,530	864,108	833,383	383,093	0	0	0
Distribution, servicing and marketing
23,315	23,170	23,307	23,944	24,955	26,561	27,773	28,810	29,255	29,620	30,143	30,620	31,732	32,516	34,258	36,790	40,122	43,626	46,794	49,463	49,620	49,132	47,630	44,442	41,396	38,398	34,682	31,805	30,069	28,990	0	0	0
Occupancy
20,941	23,319	23,258	23,381	22,342	18,700	17,309	15,551	14,909	14,490	14,133	13,875	13,401	13,076	13,113	12,905	12,673	12,504	12,069	11,767	11,581	11,255	10,960	10,758	10,546	10,476	10,223	9,908	9,559	9,251	0	0	0
Communication and technology
39,276	39,499	39,467	39,235	37,932	37,164	36,051	34,675	34,310	34,073	33,402	33,452	33,331	32,125	31,421	29,530	27,491	25,487	23,301	22,697	21,739	21,002	19,811	17,540	15,572	14,426	13,674	13,666	13,650	13,240	0	0	0
General and administrative
28,720	29,053	28,710	28,826	28,449	28,103	28,023	27,311	28,203	28,150	26,978	27,109	26,195	24,993	25,094	24,927	26,160	27,229	26,977	27,363	25,649	25,443	28,992	28,258	27,730	27,387	24,312	27,503	26,059	23,917	0	0	0
Total operating expenses
518,143	515,497	513,814	517,352	520,902	523,694	525,867	518,842	515,193	509,213	502,632	500,878	492,863	486,625	490,051	495,637	507,142	523,084	524,870	528,502	522,904	521,798	532,919	526,261	512,148	947,045	905,421	946,990	912,720	458,491	0	0	0
Total operating income
296,683	283,455	268,379	274,668	282,687	304,941	321,946	320,739	308,365	286,411	263,752	245,031	237,541	234,234	241,335	249,981	269,281	282,385	294,607	305,068	307,580	306,903	287,359	259,703	227,262	-261,204	-280,137	-371,715	-378,592	47,087	0	0	0
Non-operating income (expense)
Interest expense
10,964	11,054	11,140	11,203	11,222	11,223	11,223	11,270	11,344	11,449	11,561	11,615	11,629	11,653	11,641	11,688	11,732	11,706	11,710	11,644	11,568	11,572	11,573	11,553	11,542	11,869	12,282	12,311	11,972	11,442	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	1,567	18	0	-	0	0	-	-	-	-	-	-	-484	5,572	5,246	10,623	9,411	10,847	11,102	8,817	0	0	0
Other net investment gain (loss)
2,124	6,338	3,945	4,324	3,601	2,098	3,352	2,144	1,484	1,123	616	1,300	1,331	1,253	922	476	0	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-
Loss on interest rate swap
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Loss on debt extinguishment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-
Net gain on the valuation of contingent value rights
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	49,570	40,360	33,420	24,800	0	0	0	0
Net gain (loss) on the tax receivable agreements
-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	12,247	12,247	6,143	10,614	4,187	4,187	4,471	0	-	0	0	-	-	-	-	-
Other non-operating income (expense)
-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	0	0	-	-54	-271	-276	0	-682	0	0	-	0	-	-
Total non-operating income (expense)
-33,583	-14,189	-25,487	-5,744	-5,588	-3,153	294,703	295,009	291,525	284,834	-8,644	-9,414	-9,588	-9,750	-10,077	-17,442	-17,097	-23,508	-21,431	-15,210	-20,904	-15,360	-1,545	10,565	23,336	53,462	38,229	31,170	23,394	-3,463	0	0	0
Income before income taxes
263,100	269,266	242,892	268,924	277,099	301,788	616,649	615,748	599,890	571,245	255,108	235,617	227,953	224,484	231,258	232,539	252,184	258,877	273,176	289,858	286,676	291,543	285,814	270,268	250,598	-207,742	-241,908	-340,545	-355,198	43,624	0	0	0
Provision for income taxes
27,818	27,809	22,725	44,252	44,755	47,598	409,783	417,090	420,044	420,508	61,391	55,022	52,715	51,483	52,823	49,343	53,206	46,771	46,845	50,550	42,703	48,829	44,437	35,926	33,149	26,390	17,371	10,790	5,164	1,047	0	0	0
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	206,429	199,394	217,449	-234,132	-224,331	-316,387	-360,362	42,577	0	0	0
Net Income (Loss) Attributable to Noncontrolling Interest
Less: Net income attributable to noncontrolling interests - Artisan Partners Holdings
0	-	75,334	78,799	0	-	100,227	103,440	102,330	-	96,712	95,779	98,674	99,971	104,627	110,000	120,430	130,305	141,274	152,843	162,868	173,085	183,444	184,815	181,710	-269,562	-283,415	-370,930	-374,414	33,760	0	0	0
Less: Net income (loss) attributable to noncontrolling interests - consolidated investment products
0	-	339	117	0	-	8,334	8,766	6,438	-	614	4	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Net income (loss) attributable to noncontrolling interests - Launch Equity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-484	5,572	5,246	10,623	9,411	10,847	11,102	8,817	0	0	0
Net income attributable to Artisan Partners Asset Management Inc.
159,822	156,536	144,494	145,756	148,574	158,309	98,305	86,452	71,078	49,599	96,391	84,812	76,564	73,030	73,808	73,196	78,548	81,801	83,018	84,983	80,507	69,629	55,467	41,005	30,493	24,807	17,675	11,698	2,950	0	0	0	0
Earnings (loss) per share
Basic and diluted earnings per share (in dollars per share)
0.53	0.81	0.71	0.66	0.47	0.60	0.77	0.72	0.75	-0.68	0.61	0.45	0.37	0.43	0.41	0.38	0.35	0.00	0.44	0.50	0.43	0.00	0.57	0.42	-2.29	-	0.42	0.57	-	-	-	-	-
Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.35	0.57	-	-	-	-	-
Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract]
Basic and diluted weighted average number of common share outstanding (in shares)
53,265	51,674	51,448	51,242	50,145	-	49,399	49,041	-	46,438	45,890	45,241	41,019	38,910	38,646	38,023	36,970	36,737	36,430	35,992	32,633	31,636	30,370	27,836	20,214	-	12,728	12,728	-	-	-	-	-
Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,294	15,294	-	-	-	-	-
Dividends declared per Class A common share (in dollars per share)
1.28	0.65	0.60	0.55	1.59	0.60	0.60	0.60	1.39	0.60	0.60	0.60	0.96	0.60	0.60	0.60	1.00	0.60	0.60	0.60	1.55	0.55	0.55	0.55	2.18	-	0.43	0.00	-	-	-	-	-
Management fees
Total revenues
807,378	794,338	777,016	786,948	800,577	825,679	845,444	837,246	823,168	795,276	765,821	745,287	729,474	719,778	730,335	744,562	774,850	803,701	817,189	831,181	829,088	827,651	817,450	783,317	736,900	683,322	623,985	573,937	532,791	503,954	0	0	0
Performance fees
Total revenues
7,448	4,614	5,177	5,072	3,012	2,956	2,369	2,335	390	348	563	622	930	1,081	1,051	1,056	1,573	1,768	2,288	2,389	1,396	1,050	2,828	2,647	2,510	2,519	1,299	1,338	1,337	1,624	0	0	0