Manning & napier, inc. (MN)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Revenues
Revenues

31,109

32,732

34,178

34,294

34,797

37,439

40,548

41,120

42,224

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Separately managed accounts

-

-

-

-

-

-

-

-

-

-

27,182

27,530

29,939

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mutual funds and collective investment trusts

-

-

-

-

-

-

-

-

-

-

15,672

17,806

19,285

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distribution and shareholder servicing

-

-

-

-

-

-

-

-

-

-

3,473

3,353

3,040

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Custodial services

-

-

-

-

-

-

-

-

-

-

1,925

2,012

2,345

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other revenue

-

-

-

-

-

-

-

-

-

-

586

835

876

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total revenue

-

-

-

-

-

-

-

-

-

-

48,838

51,536

55,485

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment management services revenue, net

-

-

-

-

-

-

-

-

-

-

-

-

-

59,085

63,305

64,505

62,042

65,209

75,435

86,973

90,426

89,869

104,795

103,864

98,470

98,192

94,647

92,973

90,256

87,130

85,382

81,529

85,014

80,358

85,789

85,805

78,040

Expenses
Compensation and related costs

19,263

19,854

19,504

20,161

21,448

18,841

23,105

21,689

23,773

23,829

22,287

22,233

23,381

17,649

24,627

24,379

21,967

24,365

24,500

28,309

26,818

-1,274

51,499

56,148

51,810

51,064

44,935

47,321

48,483

50,474

40,922

46,570

27,732

235,112

20,890

27,061

22,894

Distribution, servicing and custody expenses

2,813

2,832

2,959

3,019

3,758

-

4,518

4,502

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distribution, servicing and custody expenses

-

-

-

-

-

-

-

-

4,781

-

6,920

7,084

7,411

7,878

8,798

8,950

8,842

-

11,127

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distribution, servicing and custody expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,840

16,832

-

19,921

19,964

18,440

17,819

17,459

16,495

15,915

15,104

14,612

14,122

14,230

-

-

-

-

Sub-transfer agent and shareholder service costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,496

12,668

11,695

Other operating costs

7,097

14,526

8,286

8,639

8,307

8,941

8,392

8,579

6,454

7,180

7,887

7,234

7,978

11,785

8,188

8,213

8,453

9,208

9,075

9,036

8,942

9,757

9,365

8,565

7,937

8,503

7,706

7,750

7,779

8,330

8,174

7,608

7,033

3,148

9,300

9,700

6,225

Total operating expenses

29,173

-

-

-

33,513

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

-

-

30,749

31,819

-

32,156

36,015

34,770

35,008

37,344

37,094

36,551

38,770

37,312

41,613

41,542

39,262

39,012

44,702

53,185

52,592

18,856

80,785

84,677

78,187

77,386

70,100

71,566

72,177

73,908

63,708

68,300

48,995

255,847

42,686

49,429

40,814

Operating income

1,936

-4,480

3,429

2,475

1,284

5,283

4,533

6,350

7,216

8,324

11,744

14,985

16,715

21,773

21,692

22,963

22,780

26,197

30,733

33,788

37,834

71,013

24,010

19,187

20,283

20,806

24,547

21,407

18,079

13,222

21,674

13,229

36,019

-175,489

43,103

36,376

37,226

Non-operating income (loss)
Interest expense on shares subject to mandatory redemption

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,111

13,339

16,095

13,288

Interest expense

2

0

13

10

3

1

18

21

9

2

22

2

10

467

127

106

106

108

131

81

3

6

14

4

3

3

14

3

3

13

13

8

4

3

9

10

9

Interest and dividend income

357

834

782

837

809

1,013

519

374

502

236

191

238

180

160

141

180

136

136

138

158

163

188

144

195

214

63

100

71

63

44

36

50

19

23

16

14

14

Change in liability under tax receivable agreement

2,850

0

394

0

-195

-937

-113

0

-291

-12,892

33

0

0

-1,630

76

0

18

0

2,793

0

17

31

65

0

-2,110

-8

118

0

0

-

-15

-

-

-

-

-

-

Net gains (losses) on investments

-1,832

515

40

248

874

-1,285

105

-21

-249

148

711

610

972

-965

-80

206

1,066

-239

-3,221

-1,576

613

-380

-1,279

717

116

614

500

-298

250

12

572

-616

380

118

185

-159

3

Gain (Loss) on Disposition of Business

-

-

2,883

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total non-operating income (loss)

-4,327

1,349

3,298

1,075

1,875

664

719

332

535

13,274

847

846

1,142

358

-142

280

1,078

-211

-6,007

-1,499

756

-229

-1,214

908

2,437

682

468

-230

310

4

610

-574

395

-2,973

-13,147

-16,250

-13,280

Income (loss) before provision for (benefit from) income taxes

-2,391

-3,131

6,727

3,550

3,159

5,947

5,252

6,682

7,751

21,598

12,591

15,831

17,857

22,131

21,550

23,243

23,858

25,986

24,726

32,289

38,590

70,784

22,796

20,095

22,720

21,488

25,015

21,177

18,389

13,226

22,284

12,655

36,414

-178,462

29,956

20,126

23,946

Provision for (benefit from) income taxes

-3,226

-275

150

331

242

1,403

274

492

478

16,028

739

1,242

1,343

3,590

1,565

1,545

1,674

1,679

-1,600

2,081

2,479

2,248

2,976

2,360

5,076

2,329

2,222

2,580

1,997

1,751

1,220

3,199

1,990

1,190

253

253

286

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

835

-2,856

6,577

3,219

2,917

4,544

4,978

6,190

7,273

5,570

11,852

14,589

16,514

18,541

19,985

21,698

22,184

24,307

26,326

30,208

36,111

68,536

19,820

17,735

17,644

19,159

22,793

18,597

16,392

11,475

21,064

9,456

34,424

-179,652

29,703

19,873

23,660

Less: net income (loss) attributable to noncontrolling interests

-23

-2,490

5,753

2,805

2,356

4,107

4,198

5,424

6,059

7,086

10,331

12,904

14,617

16,548

17,727

19,093

19,766

21,447

22,784

26,705

32,802

60,427

19,392

17,036

17,563

18,421

21,479

18,337

16,048

11,727

19,410

11,292

31,521

-152,485

29,703

19,873

23,660

Net income attributable to Manning & Napier, Inc.

858

-366

824

414

561

437

780

766

1,214

-1,516

1,521

1,685

1,897

1,993

2,258

2,605

2,418

2,860

3,542

3,503

3,309

8,109

428

699

81

738

1,314

260

344

-252

1,654

-1,836

2,903

-

-

-

-

Net income per share available to Class A common stock
Basic (in dollars per share)

0.05

-0.02

0.05

0.03

0.04

0.03

0.05

0.05

0.08

-0.10

0.10

0.12

0.13

0.15

0.15

0.17

0.16

0.19

0.24

0.24

0.24

0.59

0.03

0.05

0.01

0.05

0.10

0.02

0.03

-0.01

0.12

-0.14

0.21

-

-

-

0.00

Diluted (in dollars per share)

0.01

-0.02

0.05

0.03

0.03

0.04

0.05

0.05

0.07

-0.10

0.10

0.12

0.13

0.14

0.15

0.17

0.16

0.22

0.21

0.23

0.24

0.58

0.03

0.05

0.01

0.04

0.10

0.02

0.03

-0.01

0.12

-0.14

0.21

-

-

-

0.00

Weighted average shares of Class A common stock outstanding
Basic (in shares)

15,812

15,381

15,290

15,267

14,927

14,746

14,740

14,691

14,313

14,252

14,249

14,111

14,042

14,044

14,042

13,960

13,745

13,745

13,745

13,739

13,713

13,706

13,705

13,667

13,634

13,634

13,634

13,618

13,583

13,583

13,583

13,583

13,583

-

-

-

-

Diluted (in shares)

77,907

202,099

15,600

15,613

78,581

-112,569

78,096

14,709

78,283

-49,777

78,210

14,298

14,216

14,143

14,175

14,243

14,084

-53,946

81,889

14,002

13,914

14,023

13,930

13,820

13,751

13,973

13,690

13,718

13,583

13,583

13,583

13,583

13,583

-

-

-

-

Cash dividends declared per share of Class A common stock

-

-

-

-

-

-

-

-

-

-

0.08

0.08

0.08

-

0.16

0.16

0.16

-

0.16

0.16

0.16

-

0.16

0.16

0.16

-

0.16

0.16

0.16

-

0.16

0.16

0.16

-

-

-

0.00

Wealth Management
Revenues

14,300

26,101

21,981

21,738

16,469

23,057

24,228

24,483

25,355

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Institutional and Intermediary
Revenues

12,131

1,692

7,015

7,403

13,234

8,856

10,596

11,030

10,980

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distribution and shareholder servicing
Revenues

2,390

2,467

2,570

2,566

2,624

2,904

2,974

3,033

3,178

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Custodial services
Revenues

1,599

1,606

1,763

1,750

1,745

1,753

2,021

1,895

1,922

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other revenue
Revenues

689

866

849

837

725

869

729

679

789

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-