| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Revenues | |||||||||
Revenues | |||||||||
136,001 | 161,331 | 201,527 | - | - | - | - | - | - | - |
Investment management services revenue, net | |||||||||
- | - | - | 248,937 | 318,043 | 396,998 | 376,068 | 339,055 | 329,992 | 255,472 |
Expenses | |||||||||
Compensation and related costs | |||||||||
80,967 | 87,408 | 91,730 | 88,622 | 103,992 | 158,183 | 191,803 | 165,698 | 305,957 | 78,416 |
Distribution, servicing and custody expenses | |||||||||
12,568 | 18,175 | 27,750 | - | - | - | - | - | - | - |
Distribution, servicing and custody expenses | |||||||||
- | - | - | 34,468 | 49,238 | 68,698 | - | - | - | - |
Distribution, servicing and custody expenses | |||||||||
- | - | - | - | - | - | 67,688 | 58,068 | 54,446 | - |
Sub-transfer agent and shareholder service costs | |||||||||
- | - | - | - | - | - | - | - | - | 36,830 |
Other operating costs | |||||||||
39,758 | 32,366 | 30,279 | 36,639 | 36,261 | 35,624 | 31,738 | 31,145 | 28,373 | 25,284 |
Total operating expenses | |||||||||
133,293 | 137,949 | 149,759 | 159,729 | 189,491 | 262,505 | 291,229 | 254,911 | 388,776 | 140,530 |
Operating income | |||||||||
2,708 | 23,382 | 51,768 | 89,208 | 128,552 | 134,493 | 84,839 | 84,144 | -58,784 | 114,942 |
Non-operating income (loss) | |||||||||
Interest expense on shares subject to mandatory redemption | |||||||||
- | - | - | - | - | - | - | - | 45,833 | 61,243 |
Interest expense | |||||||||
26 | 49 | 36 | 806 | 323 | 27 | 23 | 38 | 31 | 16 |
Interest and dividend income | |||||||||
3,262 | 2,408 | 845 | 617 | 595 | 741 | 297 | 149 | 67 | 126 |
Change in liability under tax receivable agreement | |||||||||
199 | -1,341 | -12,859 | -1,536 | 2,810 | -2,014 | 110 | 24 | 0 | - |
Net gains (losses) on investments | |||||||||
1,677 | -1,450 | 2,441 | 227 | -4,423 | -826 | 1,066 | 348 | 147 | 1 |
Gain (Loss) on Disposition of Business | |||||||||
2,883 | 0 | - | - | - | - | - | - | - | - |
Total non-operating income (loss) | |||||||||
7,597 | 2,250 | 16,109 | 1,574 | -6,961 | 1,902 | 1,230 | 435 | -45,650 | -61,132 |
Income (loss) before provision for (benefit from) income taxes | |||||||||
10,305 | 25,632 | 67,877 | 90,782 | 121,591 | 136,395 | 86,069 | 84,579 | -104,434 | 53,810 |
Provision for (benefit from) income taxes | |||||||||
448 | 2,647 | 19,352 | 8,374 | 4,639 | 12,660 | 9,128 | 8,160 | 1,982 | 712 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||
9,857 | 22,985 | 48,525 | 82,408 | 116,952 | 123,735 | 76,941 | 76,419 | -106,416 | 53,098 |
Less: net income (loss) attributable to noncontrolling interests | |||||||||
8,424 | 19,788 | 44,938 | 73,134 | 103,738 | 114,418 | 74,285 | 73,950 | -79,249 | 53,098 |
Net income attributable to Manning & Napier, Inc. | |||||||||
1,433 | 3,197 | 3,587 | 9,274 | 13,214 | 9,317 | 2,656 | 2,469 | -27,167 | 0 |
Net income per share available to Class A common stock | |||||||||
Basic (in dollars per share) | |||||||||
0.10 | 0.21 | 0.25 | 0.63 | 0.91 | 0.68 | 0.20 | 0.18 | - | - |
Diluted (in dollars per share) | |||||||||
0.09 | 0.21 | 0.25 | 0.62 | 0.90 | 0.67 | 0.19 | 0.18 | - | - |
Weighted average shares of Class A common stock outstanding | |||||||||
Basic (in shares) | |||||||||
15,216 | 14,623 | 14,164 | 13,948 | 13,736 | 13,678 | 13,617 | 13,583 | - | - |
Diluted (in shares) | |||||||||
77,973 | 14,630 | 14,237 | 14,161 | 13,964 | 13,881 | 13,741 | 13,583 | - | - |
Wealth Management | |||||||||
Revenues | |||||||||
86,289 | 97,123 | 111,518 | - | - | - | - | - | - | - |
Institutional and Intermediary | |||||||||
Revenues | |||||||||
29,344 | 41,462 | 65,716 | - | - | - | - | - | - | - |
Distribution and shareholder servicing | |||||||||
Revenues | |||||||||
10,227 | 12,089 | 13,301 | - | - | - | - | - | - | - |
Custodial services | |||||||||
Revenues | |||||||||
6,864 | 7,591 | 8,162 | - | - | - | - | - | - | - |
Other revenue | |||||||||
Revenues | |||||||||
3,277 | 3,066 | 2,830 | - | - | - | - | - | - | - |