MGR FY 2020 Earnings Report — Affiliated Managers Group, Inc. Revenue & Financial Results | Market Cap Arena

Affiliated Managers Group, Inc.MGR

FY 2020 Earnings

Reported February 19, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$2.0B	—	$2.2B	—	-9.5%
Op. Income	$822M	—	$920M	—	-10.6%
Gross Margin	56.4%	—	57.9%	—	-1.5pp
Net Margin	10.0%	—	0.7%	—	9.3pp
EPS (Diluted)	$4.33	—	$0.31	—	1295.4%
Free Cash Flow	$1.0B	—	$945M	—	5.9%

Revenue Flow

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$884M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$321M
Operating Expenses	$321M
Cost & Expenses	$1.2B
OPERATING INCOME	$822M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$314M
INCOME BEFORE TAX	$508M
Income Tax Expense	$81M
Net Income from Continuing Ops	$427M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$202M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$202M
D&A	$160M
EBIT	$610M
EBITDA	$770M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$884M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$321M
Operating Expenses	$321M
Cost & Expenses	$1.2B
OPERATING INCOME	$822M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$314M
INCOME BEFORE TAX	$508M
Income Tax Expense	$81M
Net Income from Continuing Ops	$427M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$202M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$202M
D&A	$160M
EBIT	$610M
EBITDA	$770M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$202M
Depreciation & Amortization	$160M
Stock-Based Compensation	$119M
Deferred Income Tax	$0
Other Non-Cash Items	$454M
Change in Working Capital	$74M
OPERATING CASH FLOW	$1.0B
Capital Expenditure	-$9M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$45M
NET CASH FROM INVESTING	-$54M
Net Debt Issuance	$525M
Common Stock Repurchased	-$650M
Common Dividends Paid	-$17M
Other Financing Activities	-$313M
NET CASH FROM FINANCING	-$455M
FREE CASH FLOW	$1.0B
Net Change in Cash	$500M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.0B
Short-Term Investments	$75M
Net Receivables	$422M
Inventory	$0
Other Current Assets	$13M
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$80M
Goodwill	$2.7B
Intangible Assets	$1.0B
Long-Term Investments	$2.3B
Tax Assets	$0
Other Non-Current Assets	$218M
TOTAL NON-CURRENT ASSETS	$6.3B
TOTAL ASSETS	$7.9B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$2M
TOTAL CURRENT LIABILITIES	$402M
Long-Term Debt	$2.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.2B
TOTAL NON-CURRENT LIABILITIES	$3.5B
TOTAL LIABILITIES	$3.9B
Common Stock	$600.0K
Additional Paid-In Capital	$729M
Retained Earnings	$4.0B
Treasury Stock	-$1.9B
Accum. Other Comp. Income	-$98M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.8B
Minority Interest	$1.2B
TOTAL EQUITY	$4.0B
TOTAL LIABILITIES & EQUITY	$7.9B
Total Debt	$2.3B
Net Debt	$1.3B