MGR FY 2021 Earnings Report — Affiliated Managers Group, Inc. Revenue & Financial Results | Market Cap Arena

Affiliated Managers Group, Inc.MGR

FY 2021 Earnings

Reported February 18, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$2.4B	—	$2.0B	—	19.0%
Op. Income	$1.0B	—	$822M	—	23.8%
Gross Margin	56.6%	—	56.4%	—	0.2pp
Net Margin	23.4%	—	10.0%	—	13.5pp
EPS (Diluted)	$13.04	—	$4.33	—	201.2%
Free Cash Flow	$1.3B	—	$1.0B	—	30.1%

Revenue Flow

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.0B
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$347M
Operating Expenses	$347M
Cost & Expenses	$1.4B
OPERATING INCOME	$1.0B
Interest Income	$6M
Interest Expense	$111M
Other Income/Expenses	$123M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$251M
Net Income from Continuing Ops	$890M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$566M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$566M
D&A	$52M
EBIT	$892M
EBITDA	$945M
EPS	$14
EPS Diluted	$13

Income Statement

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.0B
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$347M
Operating Expenses	$347M
Cost & Expenses	$1.4B
OPERATING INCOME	$1.0B
Interest Income	$6M
Interest Expense	$111M
Other Income/Expenses	$123M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$251M
Net Income from Continuing Ops	$890M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$566M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$566M
D&A	$52M
EBIT	$892M
EBITDA	$945M
EPS	$14
EPS Diluted	$13

Cash Flow Statement

Item	Amount
Net Income	$566M
Depreciation & Amortization	$52M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$573M
Change in Working Capital	$120M
OPERATING CASH FLOW	$1.3B
Capital Expenditure	-$8M
Acquisitions (Net)	$0
Purchases of Investments	-$746M
Sales/Maturities of Investments	$119M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$635M
Net Debt Issuance	$167M
Common Stock Repurchased	-$595M
Common Dividends Paid	$0
Other Financing Activities	-$368M
NET CASH FROM FINANCING	-$798M
FREE CASH FLOW	$1.3B
Net Change in Cash	-$131M

Balance Sheet

Item	Amount
Cash & Equivalents	$909M
Short-Term Investments	$79M
Net Receivables	$419M
Inventory	$0
Other Current Assets	$10M
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$74M
Goodwill	$2.7B
Intangible Assets	$2.0B
Long-Term Investments	$2.5B
Tax Assets	$0
Other Non-Current Assets	$221M
TOTAL NON-CURRENT ASSETS	$7.5B
TOTAL ASSETS	$8.9B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$50M
TOTAL CURRENT LIABILITIES	$596M
Long-Term Debt	$2.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.4B
TOTAL NON-CURRENT LIABILITIES	$3.9B
TOTAL LIABILITIES	$4.5B
Common Stock	$600.0K
Additional Paid-In Capital	$652M
Retained Earnings	$4.6B
Treasury Stock	-$2.3B
Accum. Other Comp. Income	-$88M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.8B
Minority Interest	$1.6B
TOTAL EQUITY	$4.4B
TOTAL LIABILITIES & EQUITY	$8.9B
Total Debt	$2.5B
Net Debt	$1.6B