MGRE FY 2007 Earnings Report — Affiliated Managers Group, Inc. Revenue & Financial Results | Market Cap Arena

Affiliated Managers Group, Inc.MGRE

FY 2007 Earnings

Reported February 29, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$1.4B	—	$1.2B	—	17.0%
Op. Income	$335M	—	$454M	—	-26.2%
Gross Margin	57.7%	—	59.6%	—	-1.9pp
Net Margin	13.3%	—	12.9%	—	0.4pp
EPS (Diluted)	$4.55	—	$3.74	—	21.7%
Free Cash Flow	$310M	—	$279M	—	10.9%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$579M
GROSS PROFIT	$791M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$217M
SG&A Expenses	$217M
Other Expenses	$239M
Operating Expenses	$455M
Cost & Expenses	$1.0B
OPERATING INCOME	$335M
Interest Income	$0
Interest Expense	$77M
Other Income/Expenses	-$46M
INCOME BEFORE TAX	$289M
Income Tax Expense	$107M
Net Income from Continuing Ops	$182M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$182M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$182M
D&A	$45M
EBIT	$335M
EBITDA	$380M
EPS	$6
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$579M
GROSS PROFIT	$791M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$217M
SG&A Expenses	$217M
Other Expenses	$239M
Operating Expenses	$455M
Cost & Expenses	$1.0B
OPERATING INCOME	$335M
Interest Income	$0
Interest Expense	$77M
Other Income/Expenses	-$46M
INCOME BEFORE TAX	$289M
Income Tax Expense	$107M
Net Income from Continuing Ops	$182M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$182M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$182M
D&A	$45M
EBIT	$335M
EBITDA	$380M
EPS	$6
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$182M
Depreciation & Amortization	$45M
Stock-Based Compensation	$0
Deferred Income Tax	$31M
Other Non-Cash Items	$7M
Change in Working Capital	$48M
OPERATING CASH FLOW	$314M
Capital Expenditure	-$17M
Acquisitions (Net)	$0
Purchases of Investments	-$570M
Sales/Maturities of Investments	$6M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$581M
Net Debt Issuance	$151M
Common Stock Repurchased	-$436M
Common Dividends Paid	$0
Other Financing Activities	$4M
NET CASH FROM FINANCING	$273M
FREE CASH FLOW	$310M
Net Change in Cash	$21M

Balance Sheet

Item	Amount
Cash & Equivalents	$223M
Short-Term Investments	$156M
Net Receivables	$238M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$650M
PP&E (Net)	$70M
Goodwill	$1.2B
Intangible Assets	$497M
Long-Term Investments	$708M
Tax Assets	$0
Other Non-Current Assets	$949M
TOTAL NON-CURRENT ASSETS	$2.7B
TOTAL ASSETS	$3.4B
Account Payables	$5M
Short-Term Debt	$0
Deferred Revenue	$1M
Other Current Liabilities	$70M
TOTAL CURRENT LIABILITIES	$316M
Long-Term Debt	$1.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$257M
Other Non-Current Liabilities	$834M
TOTAL NON-CURRENT LIABILITIES	$2.3B
TOTAL LIABILITIES	$2.6B
Common Stock	$390.0K
Additional Paid-In Capital	$662M
Retained Earnings	$836M
Treasury Stock	-$1.1B
Accum. Other Comp. Income	$65M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$469M
Minority Interest	$322M
TOTAL EQUITY	$791M
TOTAL LIABILITIES & EQUITY	$3.4B
Total Debt	$1.2B
Net Debt	$975M