MGR FY 2012 Earnings Report — Affiliated Managers Group, Inc. Revenue & Financial Results | Market Cap Arena

Affiliated Managers Group, Inc.MGR

FY 2012 Earnings

Reported February 22, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$1.8B	—	$1.7B	—	5.9%
Op. Income	$503M	—	$486M	—	3.4%
Gross Margin	56.5%	—	97.9%	—	-41.3pp
Net Margin	9.6%	—	21.1%	—	-11.5pp
EPS (Diluted)	$3.28	—	$3.11	—	5.4%
Free Cash Flow	$613M	—	$507M	—	21.0%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$785M
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$367M
Other Expenses	$0
Operating Expenses	$415M
Cost & Expenses	$1.2B
OPERATING INCOME	$503M
Interest Income	$0
Interest Expense	$83M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$495M
Income Tax Expense	$84M
Net Income from Continuing Ops	$411M
Net Income from Discontinued Ops	$0
Other Adjustments	-$237M
NET INCOME	$174M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$174M
D&A	$112M
EBIT	$454M
EBITDA	$615M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$785M
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$367M
Other Expenses	$0
Operating Expenses	$415M
Cost & Expenses	$1.2B
OPERATING INCOME	$503M
Interest Income	$0
Interest Expense	$83M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$495M
Income Tax Expense	$84M
Net Income from Continuing Ops	$411M
Net Income from Discontinued Ops	$0
Other Adjustments	-$237M
NET INCOME	$174M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$174M
D&A	$112M
EBIT	$454M
EBITDA	$615M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$174M
Depreciation & Amortization	$112M
Stock-Based Compensation	$86M
Deferred Income Tax	$11M
Other Non-Cash Items	$347M
Change in Working Capital	-$42M
OPERATING CASH FLOW	$633M
Capital Expenditure	-$20M
Acquisitions (Net)	$0
Purchases of Investments	-$19M
Sales/Maturities of Investments	$34M
Other Investing Activities	-$782M
NET CASH FROM INVESTING	-$802M
Net Debt Issuance	$411M
Common Stock Repurchased	-$61M
Common Dividends Paid	$0
Other Financing Activities	-$267M
NET CASH FROM FINANCING	$146M
FREE CASH FLOW	$613M
Net Change in Cash	-$19M

Balance Sheet

Item	Amount
Cash & Equivalents	$430M
Short-Term Investments	$129M
Net Receivables	$311M
Inventory	$0
Other Current Assets	$37M
TOTAL CURRENT ASSETS	$907M
PP&E (Net)	$82M
Goodwill	$2.4B
Intangible Assets	$1.6B
Long-Term Investments	$1.2B
Tax Assets	$497M
Other Non-Current Assets	-$497M
TOTAL NON-CURRENT ASSETS	$5.2B
TOTAL ASSETS	$6.2B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$316M
TOTAL CURRENT LIABILITIES	$273M
Long-Term Debt	$1.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$1.6B
TOTAL NON-CURRENT LIABILITIES	$1.6B
TOTAL LIABILITIES	$2.7B
Common Stock	$500.0K
Additional Paid-In Capital	$869M
Retained Earnings	$1.4B
Treasury Stock	-$215M
Accum. Other Comp. Income	$79M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.1B
Minority Interest	$1.4B
TOTAL EQUITY	$3.5B
TOTAL LIABILITIES & EQUITY	$6.2B
Total Debt	$340M
Net Debt	-$90M