Brightsphere investment group plc (BSA)
CashFlow / Quarterly
Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14
Cash flows from operating activities:
Net income

61,100

18,800

54,200

2,500

54,800

-46,700

19,900

13,600

22,300

25,100

34,000

36,300

30,800

-

-

-

34,200

16,100

-8,400

-55,600

4,100

Less: Net (income) loss attributable to non-controlling interests in consolidated Funds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6,700

-64,400

-6,200

Adjustments to reconcile net income to net cash flows from operating activities from continuing operations:
(Gain) loss on disposal of discontinued operations, excluding consolidated Funds

0

0

100

0

0

0

0

0

-100

-

-

-

-

-

-

-

-

-

-

-

-

Net (income) loss from discontinued operations, excluding consolidated Funds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,000

700

200

-

-

-

-

Depreciation and other amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,800

1,600

1,600

-

-

-

-

Amortization and revaluation of non-cash compensation awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,300

13,300

9,800

-

-

-

-

Parent company corporate cost allocation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,000

-800

-800

Net earnings from Affiliates accounted for using the equity method

-

-

-

-

-

-

-

-

-

-

-

-

-

3,700

4,200

2,500

2,600

5,100

1,400

1,900

3,100

Distributions received from equity method Affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,000

1,300

200

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-22,300

13,000

3,900

2,500

-

-

-

-

Changes in operating assets and liabilities (excluding discontinued operations):
(Increase) decrease in investment advisory fees receivable and amounts due from OM plc

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,600

-10,000

-7,800

-

-

-

-

(Increase) decrease in other receivables, prepayments, deposits and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,900

4,200

-6,500

-

-

-

-

Increase (decrease) in accrued incentive compensation, amounts due to OM plc and other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,700

58,500

-73,700

-

-

-

-

Increase (decrease) in accounts payable, accrued expenses and accrued income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,800

17,900

-3,100

-

-

-

-

Net cash flows from operating activities of continuing operations

-287,800

50,100

120,100

119,000

-35,100

54,100

111,300

77,300

-17,200

65,900

24,500

61,700

-27,900

69,500

54,500

148,700

-17,000

22,500

174,900

22,000

-40,400

Net cash flows from operating activities of discontinued operations

0

0

100

0

0

0

0

-100

100

13,200

-400

900

-200

-4,000

1,000

800

100

9,700

-35,100

-4,500

5,000

Total net cash flows from operating activities

-287,800

50,100

120,200

119,000

-35,100

54,100

111,300

77,200

-17,100

79,100

24,100

62,600

-28,100

65,500

55,500

149,500

-16,900

32,200

139,800

17,500

-35,400

Cash flows from investing activities:
Additions of fixed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,000

3,100

2,800

-

-

-

-

Purchase of investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,800

3,600

7,600

-

-

-

-

Sale of investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,900

-2,800

-3,200

-

-

-

-

Net cash flows from investing activities of continuing operations

-9,100

1,000

-99,200

-18,400

74,900

-6,400

-68,900

2,200

42,100

-8,100

-263,200

-4,300

-8,600

-

-

-3,900

-100,200

26,500

-94,900

79,900

-17,500

Net cash flows from investing activities of discontinued operations

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

0

0

0

19,400

-1,100

-25,400

Consolidation (de-consolidation) of Funds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-93,000

-

-

-

-

Total net cash flows from investing activities

-9,100

1,000

-99,200

-18,400

74,900

-6,400

-68,900

2,200

42,100

-8,100

-263,200

-4,300

-8,600

-51,100

-500

-3,900

-100,200

26,500

-75,500

78,800

-42,900

Cash flows from financing activities:
Payment to OM plc for deferred tax arrangement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,700

13,600

13,600

-

-

-

0

Payment to OM plc for co-investment redemptions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,000

700

2,800

-

-

-

0

Dividends paid to shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,300

2,100

2,000

-

-

-

0

Dividends paid to related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,400

7,500

7,600

-

-

-

0

Proceeds from third party and non-recourse borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Repayment of third party borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

75,000

32,000

0

-

-

-

-

Payment to OM plc for promissory notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

36,000

1,000

-

-

-

-

Repurchases of ordinary shares

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

-

-

-

Net cash flows from financing activities of continuing operations

36,500

-27,100

18,900

-8,700

-50,500

18,000

9,000

-114,200

-9,200

-120,000

325,300

-63,600

-28,800

-

-

-91,900

-27,000

-66,400

-6,600

-51,200

-27,100

Net cash flows from financing activities of discontinued operations

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

0

0

0

0

0

-1,200

Total net cash flows from financing activities

36,500

-27,100

18,900

-8,700

-50,500

18,000

9,000

-114,200

-9,200

-120,000

325,300

-63,600

-28,800

-5,300

-106,400

-91,900

-27,000

-66,400

-6,600

-51,200

-28,300

Effect of foreign exchange rate changes on cash and cash equivalents

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-2,000

-200

-1,300

1,400

Net increase (decrease) in cash and cash equivalents

-260,400

24,000

39,900

91,900

-10,700

65,700

51,400

-34,800

15,800

-49,000

86,200

-5,300

-65,500

9,100

-51,500

53,800

-144,100

-9,700

57,500

43,800

-105,200

Supplemental disclosure of cash flow information:
Interest paid (excluding consolidated Funds)

9,400

-

8,500

2,000

9,400

-

7,200

2,400

10,800

-

900

700

500

-

500

1,300

900

-

800

2,400

60,000

Income taxes paid

12,900

17,600

12,500

14,400

1,100

38,400

12,700

17,700

2,400

9,400

6,500

2,600

5,000

700

3,400

2,800

2,600

900

2,700

1,100

1,400

Supplemental disclosure of non-cash investing and financing transactions:
Supplemental disclosure of non-cash investing and financing transactions:
Permanent and Temporary Equities, Noncontrolling Interest Consolidation (Deconsolidation)

0

5,900

58,100

34,400

7,100

-49,500

-1,300

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Consolidation (de-consolidation) of Funds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2,520,900

-

-49,800

18,400

0

Non-cash capital contribution to OM plc

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

100

-

-

-

-

Non-cash capital contribution from Parent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-169,900

444,100

-15,600

0

Consolidated Funds
Less: Net (income) loss attributable to non-controlling interests in consolidated Funds

8,400

-

-

-

-2,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Noncontrolling Interest

8,400

-

-

-

-2,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gains) losses on other investments

2,600

-

-

-

-2,400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gains) losses on other investments

2,600

-

-

-

-2,400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Increase) decrease in receivables and other assets

-2,300

-

-

-

2,800

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Increase) decrease in receivables and other assets

-2,300

-

-

-

2,800

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in accounts payable and other liabilities

3,600

-

-

-

2,600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in accounts payable and other liabilities

3,600

-

-

-

2,600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash flows from operating activities of continuing operations

11,700

-

-

-

-300

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash flows from operating activities of continuing operations

11,700

-

-

-

-300

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of investment securities

32,700

-

-

-

38,300

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of investment securities

32,700

-

-

-

38,300

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sale of investments

28,000

-

-

-

36,900

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of investments

28,000

-

-

-

36,900

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-controlling interest capital raised

300

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redeemable non-controlling interest capital raised

300

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redeemable non-controlling interest capital redeemed

400

-

-

-

-100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payable for securities purchased by a consolidated Fund

15,500

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payable for securities purchased by a consolidated Fund

15,500

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Consolidated Entity Excluding Consolidated Funds
(Gain) loss on disposal of discontinued operations, excluding consolidated Funds

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of acquired intangibles

1,600

-

-

-

1,600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and other amortization

3,800

-

-

-

3,400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt-related costs

900

-

-

-

800

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization and revaluation of non-cash compensation awards

-12,700

-

-

-

51,900

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net earnings from Affiliates accounted for using the equity method

600

-

-

-

600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of investment in Affiliate

0

-

-

-

65,700

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

6,200

-

-

-

-6,900

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gains) losses on other investments

18,300

-

-

-

400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Increase) decrease in investment advisory fees receivable and amounts due from OM plc

-7,700

-

-

-

2,700

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Increase) decrease in other receivables, prepayments, deposits and other assets

6,600

-

-

-

-28,600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in accrued incentive compensation, amounts due to OM plc and other liabilities

-316,900

-

-

-

-87,900

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in accounts payable, accrued expenses and accrued income taxes

-17,300

-

-

-

-14,200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash flows from operating activities of continuing operations

-299,500

-

-

-

-34,800

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additions of fixed assets

7,300

-

-

-

3,400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of investment in Affiliate

0

-

-

-

100,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of investment securities

7,000

-

-

-

47,200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sale of investment securities

9,900

-

-

-

26,900

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from third party borrowings

240,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of third party and non-recourse borrowings

5,000

-

-

-

33,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment to OM plc for deferred tax arrangement

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment to OM plc for co-investment redemptions

5,100

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid to shareholders

6,400

-

-

-

7,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid to related parties

3,000

-

-

-

2,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment to OM plc for promissory notes

0

-

-

-

4,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchases of ordinary shares

183,900

-

-

-

2,600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-