MGR Q3 2016 Earnings Report — Affiliated Managers Group, Inc. Revenue & Financial Results | Market Cap Arena

Affiliated Managers Group, Inc.MGR

Q3 2016 Earnings

Reported November 7, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2016	Q2 2016	Q3 2015	QoQ Change	YoY Change
Revenue	$545M	$554M	—	-1.7%	—
Op. Income	$171M	$182M	—	-5.9%	—
Gross Margin	55.2%	58.1%	—	-2.9pp	—
Net Margin	20.2%	19.5%	—	0.7pp	—
EPS (Diluted)	$1.95	$1.91	—	2.1%	—
Free Cash Flow	$337M	$311M	—	8.1%	—

Revenue Flow

Item	Amount
REVENUE	$545M
Cost of Revenue	$244M
GROSS PROFIT	$301M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$94M
Other Expenses	-$32M
Operating Expenses	$62M
Cost & Expenses	$300M
OPERATING INCOME	$171M
Interest Income	$0
Interest Expense	$22M
Other Income/Expenses	$49M
INCOME BEFORE TAX	$226M
Income Tax Expense	$50M
Net Income from Continuing Ops	$176M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$110M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$110M
D&A	$34M
EBIT	$171M
EBITDA	$205M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$545M
Cost of Revenue	$244M
GROSS PROFIT	$301M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$94M
Other Expenses	-$32M
Operating Expenses	$62M
Cost & Expenses	$300M
OPERATING INCOME	$171M
Interest Income	$0
Interest Expense	$22M
Other Income/Expenses	$49M
INCOME BEFORE TAX	$226M
Income Tax Expense	$50M
Net Income from Continuing Ops	$176M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$110M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$110M
D&A	$34M
EBIT	$171M
EBITDA	$205M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$110M
Depreciation & Amortization	$34M
Stock-Based Compensation	$32M
Deferred Income Tax	$0
Other Non-Cash Items	$77M
Change in Working Capital	$90M
OPERATING CASH FLOW	$343M
Capital Expenditure	-$7M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$322M
NET CASH FROM INVESTING	-$329M
Net Debt Issuance	-$25M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$76M
NET CASH FROM FINANCING	$51M
FREE CASH FLOW	$337M
Net Change in Cash	$62M

Balance Sheet

Item	Amount
Cash & Equivalents	$422M
Short-Term Investments	$213M
Net Receivables	$387M
Inventory	$0
Other Current Assets	$20M
TOTAL CURRENT ASSETS	$1.0B
PP&E (Net)	$113M
Goodwill	$2.6B
Intangible Assets	$1.5B
Long-Term Investments	$2.9B
Tax Assets	$652M
Other Non-Current Assets	-$615M
TOTAL NON-CURRENT ASSETS	$7.3B
TOTAL ASSETS	$8.3B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$2.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$2.1B
TOTAL LIABILITIES	$2.1B
Common Stock	$600.0K
Additional Paid-In Capital	$774M
Retained Earnings	$2.9B
Treasury Stock	-$414M
Accum. Other Comp. Income	-$81M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.2B
Minority Interest	$1.6B
TOTAL EQUITY	$4.8B
TOTAL LIABILITIES & EQUITY	$6.9B
Total Debt	$2.1B
Net Debt	$1.7B