MGR FY 2011 Earnings Report — Affiliated Managers Group, Inc. Revenue & Financial Results | Market Cap Arena

Affiliated Managers Group, Inc.MGR

FY 2011 Earnings

Reported February 23, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$1.7B	—	$1.4B	—	25.5%
Op. Income	$486M	—	$374M	—	30.0%
Gross Margin	97.9%	—	97.7%	—	0.1pp
Net Margin	21.1%	—	21.2%	—	-0.1pp
EPS (Diluted)	$3.11	—	$2.81	—	10.8%
Free Cash Flow	$507M	—	$394M	—	28.7%

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$36M
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$351M
Other Expenses	$0
Operating Expenses	$351M
Cost & Expenses	$387M
OPERATING INCOME	$486M
Interest Income	$0
Interest Expense	$74M
Other Income/Expenses	-$33M
INCOME BEFORE TAX	$453M
Income Tax Expense	$93M
Net Income from Continuing Ops	$360M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$360M
Net Income Deductions	$195M
BOTTOM LINE NET INCOME	$165M
D&A	$15M
EBIT	$385M
EBITDA	$542M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$36M
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$351M
Other Expenses	$0
Operating Expenses	$351M
Cost & Expenses	$387M
OPERATING INCOME	$486M
Interest Income	$0
Interest Expense	$74M
Other Income/Expenses	-$33M
INCOME BEFORE TAX	$453M
Income Tax Expense	$93M
Net Income from Continuing Ops	$360M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$360M
Net Income Deductions	$195M
BOTTOM LINE NET INCOME	$165M
D&A	$15M
EBIT	$385M
EBITDA	$542M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$360M
Depreciation & Amortization	$98M
Stock-Based Compensation	$30M
Deferred Income Tax	$35M
Other Non-Cash Items	-$9M
Change in Working Capital	$9M
OPERATING CASH FLOW	$523M
Capital Expenditure	-$16M
Acquisitions (Net)	$0
Purchases of Investments	-$49M
Sales/Maturities of Investments	$11M
Other Investing Activities	-$13M
NET CASH FROM INVESTING	-$68M
Net Debt Issuance	-$296M
Common Stock Repurchased	-$61M
Common Dividends Paid	$0
Other Financing Activities	-$175M
NET CASH FROM FINANCING	-$504M
FREE CASH FLOW	$507M
Net Change in Cash	$136M

Balance Sheet

Item	Amount
Cash & Equivalents	$450M
Short-Term Investments	$100M
Net Receivables	$35M
Inventory	$0
Other Current Assets	$292M
TOTAL CURRENT ASSETS	$876M
PP&E (Net)	$69M
Goodwill	$2.1B
Intangible Assets	$0
Long-Term Investments	$616M
Tax Assets	$506M
Other Non-Current Assets	$1.0B
TOTAL NON-CURRENT ASSETS	$4.3B
TOTAL ASSETS	$5.2B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$418M
TOTAL CURRENT LIABILITIES	$418M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.8B
TOTAL NON-CURRENT LIABILITIES	$1.8B
TOTAL LIABILITIES	$2.3B
Common Stock	$500.0K
Additional Paid-In Capital	$928M
Retained Earnings	$1.2B
Treasury Stock	-$289M
Accum. Other Comp. Income	$50M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.9B
Minority Interest	$452M
TOTAL EQUITY	$2.3B
TOTAL LIABILITIES & EQUITY	$4.1B
Total Debt	$0
Net Debt	-$450M