MGR FY 2015 Earnings Report — Affiliated Managers Group, Inc. Revenue & Financial Results | Market Cap Arena

Affiliated Managers Group, Inc.MGR

FY 2015 Earnings

Reported February 24, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$2.5B	—	$2.5B	—	-0.7%
Op. Income	$795M	—	$815M	—	-2.4%
Gross Margin	58.8%	—	59.0%	—	-0.2pp
Net Margin	20.4%	—	17.3%	—	3.2pp
EPS (Diluted)	$8.91	—	$7.43	—	19.9%
Free Cash Flow	$1.2B	—	$1.4B	—	-17.4%

Revenue Flow

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$1.0B
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$444M
Other Expenses	-$1.5B
Operating Expenses	$444M
Cost & Expenses	$1.7B
OPERATING INCOME	$795M
Interest Income	$0
Interest Expense	$89M
Other Income/Expenses	$256M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$263M
Net Income from Continuing Ops	$827M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$510M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$510M
D&A	$134M
EBIT	$795M
EBITDA	$930M
EPS	$9
EPS Diluted	$9

Income Statement

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$1.0B
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$444M
Other Expenses	-$1.5B
Operating Expenses	$444M
Cost & Expenses	$1.7B
OPERATING INCOME	$795M
Interest Income	$0
Interest Expense	$89M
Other Income/Expenses	$256M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$263M
Net Income from Continuing Ops	$827M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$510M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$510M
D&A	$134M
EBIT	$795M
EBITDA	$930M
EPS	$9
EPS Diluted	$9

Cash Flow Statement

Item	Amount
Net Income	$510M
Depreciation & Amortization	-$134M
Stock-Based Compensation	$103M
Deferred Income Tax	$101M
Other Non-Cash Items	$122M
Change in Working Capital	$24M
OPERATING CASH FLOW	$1.2B
Capital Expenditure	-$38M
Acquisitions (Net)	$0
Purchases of Investments	-$315M
Sales/Maturities of Investments	$30M
Other Investing Activities	-$286M
NET CASH FROM INVESTING	-$325M
Net Debt Issuance	-$3M
Common Stock Repurchased	-$414M
Common Dividends Paid	$0
Other Financing Activities	-$499M
NET CASH FROM FINANCING	-$858M
FREE CASH FLOW	$1.2B
Net Change in Cash	$13M

Balance Sheet

Item	Amount
Cash & Equivalents	$564M
Short-Term Investments	$181M
Net Receivables	$414M
Inventory	-$3M
Other Current Assets	$23M
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$114M
Goodwill	$2.7B
Intangible Assets	$4.4B
Long-Term Investments	$2.1B
Tax Assets	$566M
Other Non-Current Assets	-$3.2B
TOTAL NON-CURRENT ASSETS	$6.6B
TOTAL ASSETS	$7.8B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$68M
TOTAL CURRENT LIABILITIES	$554M
Long-Term Debt	$0
Deferred Revenue NC	-$490M
Deferred Tax Liabilities	$566M
Other Non-Current Liabilities	$2.8B
TOTAL NON-CURRENT LIABILITIES	$2.8B
TOTAL LIABILITIES	$3.4B
Common Stock	$600.0K
Additional Paid-In Capital	$695M
Retained Earnings	$2.6B
Treasury Stock	-$422M
Accum. Other Comp. Income	$274M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.8B
Minority Interest	$1.5B
TOTAL EQUITY	$4.4B
TOTAL LIABILITIES & EQUITY	$7.8B
Total Debt	$1.9B
Net Debt	$1.3B