Pzena investment management, inc. (PZN)
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'11Sep'10Jun'10
REVENUE

34,679

38,428

37,065

37,843

37,410

36,399

39,580

38,348

39,252

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

REVENUE

-

-

-

-

-

-

-

-

-

-

36,229

34,113

32,044

29,073

26,990

26,435

25,838

27,672

30,772

29,510

28,653

28,560

29,605

27,945

26,401

28,749

24,046

22,132

20,842

19,312

18,861

18,339

19,768

18,936

19,950

22,371

21,788

18,482

19,388

EXPENSES
Compensation and Benefits Expense

19,140

38,889

16,012

16,019

17,189

13,899

16,122

15,224

16,174

14,223

14,763

14,296

15,622

12,366

11,767

11,699

12,498

11,008

11,645

11,800

12,070

10,702

10,622

9,899

10,050

9,200

9,100

8,914

9,608

7,881

7,689

8,012

8,173

10,190

7,727

8,260

8,388

7,375

7,263

General and Administrative Expense

4,422

4,787

3,905

4,254

4,027

3,549

3,322

3,379

3,155

3,752

3,062

3,198

3,325

2,998

3,271

3,475

3,044

3,678

2,896

4,490

3,603

3,109

2,351

2,505

2,320

2,352

1,995

1,943

1,809

1,963

1,764

1,916

1,703

4,654

1,969

2,056

1,947

1,837

2,169

Total Operating Expenses

23,562

43,676

19,917

20,273

21,216

17,448

19,444

18,603

19,329

17,975

17,825

17,494

18,947

15,364

15,038

15,174

15,542

14,686

14,541

16,290

15,673

13,811

12,973

12,404

12,370

11,552

11,095

10,857

11,417

9,844

9,453

9,928

9,876

14,844

9,696

10,316

10,335

9,212

9,432

Operating Income

11,117

-5,248

17,148

17,570

16,194

18,951

20,136

19,745

19,923

20,934

18,404

16,619

13,097

13,709

11,952

11,261

10,296

12,986

16,231

13,220

12,980

14,749

16,632

15,541

14,031

17,197

12,951

11,275

9,425

9,468

9,408

8,411

9,892

4,092

10,254

12,055

11,453

9,270

9,956

OTHER INCOME
Interest Income

159

338

292

192

217

382

234

86

62

107

76

14

16

11

12

48

9

10

9

7

14

26

20

10

15

28

30

27

27

54

51

41

54

100

72

44

28

60

46

Interest Expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

0

0

26

0

0

0

0

0

-77

Dividend Income

81

71

139

168

62

27

52

39

36

50

117

109

92

55

84

87

87

116

188

312

118

101

74

112

50

43

52

87

29

47

43

34

24

61

29

60

11

25

66

Net Realized and Unrealized Gains/ (Losses) from Investments

-5,247

1,789

-338

-18

837

-1,112

142

-179

-34

881

626

297

796

-

880

-420

-

-

-

-

-

-

-

-

-

-

-

414

851

459

395

-189

855

354

-1,150

186

255

544

-871

Equity in Earnings/ (Losses) of Affiliates

-4,262

949

-4

263

758

-2,274

204

-148

-129

434

428

220

435

-

653

-86

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gains and Other Investment Income - net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

104

-

-4,398

460

15

-

-434

410

104

-

498

-

-

-

-

-

-

-

-

-

-

-

-

Change in Liability to Selling and Converting Shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

50,064

1,200

-700

878

-1,191

697

672

245

221

1,824

1,996

127

-57

3,257

229

1,039

305

1,684

-315

973

-726

50

2,140

117

1,725

-

Change in Liability to Selling and Converting Shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,118

Other (Expense)/ Income

-87

114

-75

-44

-55

5

-27

-10

15

-58

59

103

16

27

11

14

-40

-20

-129

54

-191

-1

-185

56

-89

34

-71

-48

-40

-43

-44

-72

105

297

-61

-121

-50

3

90

Total Other Income/ (Expense)

-9,356

3,213

14

561

1,819

-3,001

605

-212

-50

22,204

1,306

743

1,355

-48,107

440

343

-718

1,855

-5,027

161

-289

-232

-2,349

-1,408

-47

848

-2,748

251

-172

208

-1,239

129

39

1,538

-1,160

-1,971

127

-1,093

372

Income Before Income Taxes

1,761

-2,035

17,162

18,131

18,013

15,950

20,741

19,533

19,873

43,138

19,710

17,362

14,452

-34,398

12,392

11,604

9,578

14,841

11,204

13,381

12,691

14,517

14,283

14,133

13,984

18,045

10,203

11,526

9,253

9,676

8,169

8,540

9,931

5,630

9,094

10,084

11,580

8,177

10,328

Income Tax Expense

992

1,642

246

1,836

2,071

2,101

1,294

2,176

2,207

28,052

2,493

2,241

1,726

-57,413

471

2,247

220

2,712

748

566

1,088

694

-220

-274

1,683

1,877

-2,084

1,234

-438

958

-827

1,534

246

1,578

1,500

-516

583

-1,075

2,547

Net Income

769

-3,677

16,916

16,295

15,942

13,849

19,447

17,357

17,666

15,086

17,217

15,121

12,726

23,015

11,921

9,357

9,358

12,129

10,456

12,815

11,603

13,823

14,503

14,407

12,301

16,168

12,287

10,292

9,691

8,718

8,996

7,006

9,685

4,052

7,594

10,600

10,997

9,252

7,781

Less: Net Income Attributable to Non-Controlling Interests

769

-2,195

13,438

12,931

12,840

11,312

15,185

13,885

14,143

16,132

14,228

12,492

10,390

12,029

9,756

7,951

7,736

9,916

8,534

10,893

9,981

11,354

12,444

12,283

10,853

13,889

10,331

9,026

8,522

7,762

7,733

6,392

8,678

3,683

7,097

9,741

9,340

8,033

7,308

Net Income Attributable to Pzena Investment Management, Inc.

-

-1,482

3,478

3,364

3,102

2,537

4,262

3,472

3,523

-1,046

2,989

2,629

2,336

10,986

2,165

1,406

1,622

2,213

1,922

1,922

1,622

2,469

2,059

2,124

1,448

2,279

1,956

1,266

1,169

956

1,263

614

1,007

369

497

859

1,657

1,219

473

Net Income for Basic Earnings per Share

-

-1,482

3,478

3,364

3,102

2,537

4,262

3,472

3,523

-1,046

2,989

2,629

2,336

10,986

2,165

1,406

1,622

2,213

1,922

1,922

1,622

2,469

2,059

2,124

1,448

2,279

1,956

1,266

1,169

956

1,263

614

1,007

369

497

859

1,657

1,219

-

Net Income for Basic Earnings per Share

-

-1,482

3,478

3,364

3,102

2,537

4,262

3,472

3,523

-1,046

2,989

2,629

2,336

-

2,165

1,406

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

473

Basic Earnings per Share

-

-0.08

0.19

0.19

0.17

0.14

0.24

0.20

0.20

-0.05

0.17

0.15

0.13

0.68

0.13

0.09

0.11

0.15

0.13

0.15

0.12

0.19

0.16

0.17

0.12

0.20

0.16

0.10

0.10

0.08

0.12

0.06

0.10

0.02

0.05

0.09

0.18

0.13

0.05

Basic Weighted Average Shares Outstanding

17,790

17,777

17,851

17,874

18,278

17,451

17,489

17,759

18,015

17,392

17,285

17,314

17,361

16,435

16,390

15,832

15,192

15,467

14,585

12,946

13,057

13,192

12,965

12,180

12,176

12,170

12,209

12,315

11,267

11,229

10,780

10,565

10,575

10,588

10,013

9,904

9,385

9,367

9,367

Net Income for Diluted Earnings per Share

760

-5,748

13,768

13,218

12,808

11,315

15,786

14,020

14,226

9,040

11,862

10,458

8,704

18,433

8,192

6,465

6,510

8,419

8,932

8,531

7,927

9,510

9,503

9,096

7,576

10,287

7,866

6,358

5,806

8,947

5,562

614

5,698

12,307

497

859

6,968

5,632

473

Diluted Earnings per Share

-

-0.08

0.19

0.18

0.17

0.15

0.22

0.20

0.20

-0.04

0.17

0.15

0.12

0.27

0.12

0.09

0.10

0.12

0.13

0.13

0.12

0.15

0.14

0.13

0.11

0.14

0.12

0.10

0.09

0.08

0.09

0.06

0.09

0.07

0.05

0.09

0.11

0.09

0.05

Diluted Weighted Average Shares Outstanding

79,583

74,736

73,649

74,153

74,258

71,998

71,677

71,773

72,285

71,417

70,763

70,661

70,894

69,340

68,656

68,903

68,496

68,265

68,036

68,223

67,982

67,630

67,632

67,998

67,929

67,178

66,714

66,562

66,583

120,668

65,404

10,565

65,326

175,265

10,013

9,904

65,199

64,993

9,367

Cash Dividends per Share of Class A Common Stock

0.46

0.03

0.03

0.03

0.49

0.03

0.03

0.03

0.42

0.03

0.03

0.03

0.28

0.03

0.03

0.03

0.32

0.03

0.03

0.03

0.32

0.03

0.03

0.03

0.26

0.03

0.03

0.03

0.16

0.03

0.03

0.03

0.19

0.03

0.03

0.03

0.03

0.03

0.03