10-K
Annual Report
AFFILIATED MANAGERS GROUP, INC.
MGRD
NYSE
CIK: 1004434
File #: 001-13459
Balance Sheet
57 line items · 2 periods
XBRL
| Item | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|
Assets | ||
Cash and cash equivalents | 813,600,000 | 429,200,000 |
Receivables | 368,400,000 | 316,000,000 |
Investments in marketable securities | 461,000,000 | 716,900,000 |
Goodwill | 2,523,600,000 | 2,648,700,000 |
Equity Method Investee | 1,323,300,000 | 1,262,400,000 |
Acquired client relationships (net) | 1,812,400,000 | 1,876,000,000 |
Acquired Client Relationships | 1,812,400,000 | 1,876,000,000 |
Equity method investments in Affiliates (net) | 2,288,500,000 | 2,139,500,000 |
Equity Method Investee | 2,288,500,000 | 2,139,500,000 |
Fixed assets (net) | 67,300,000 | 68,500,000 |
United States | 56,300,000 | 57,500,000 |
United Kingdom | 10,700,000 | 10,600,000 |
Other | 300,000 | 400,000 |
Other investments | 480,900,000 | 421,600,000 |
Fair Value Measured at NAV | 430,500,000 | 371,200,000 |
Other assets | 243,900,000 | 264,600,000 |
Related Party | 5,900,000 | 11,600,000 |
Total assets | 9,059,600,000 | 8,881,000,000 |
Equity Method Investee | 3,269,100,000 | 2,816,700,000 |
Liabilities and Equity | ||
Payable and accrued liabilities | 628,500,000 | 778,300,000 |
Debt | 2,537,500,000 | 2,535,300,000 |
Senior bank debt | 349,900,000 | 349,900,000 |
Senior notes | 1,096,900,000 | 1,095,200,000 |
Junior subordinated notes | 751,800,000 | 751,600,000 |
Junior convertible securities | 338,900,000 | 338,600,000 |
Term Loan - Senior bank debt | 350,000,000 | 350,000,000 |
Junior Convertible Trust Preferred Securities - Junior convertible securities | 341,700,000 | — |
Deferred income tax liability (net) | 463,800,000 | 464,700,000 |
Other liabilities | 466,300,000 | 461,700,000 |
Private Equity Investment Partnerships of Affiliate - Prior Owner | 18,500,000 | 21,000,000 |
Related Party | 53,900,000 | 24,500,000 |
Total liabilities | 4,096,100,000 | 4,240,000,000 |
Redeemable non-controlling interests | 393,400,000 | 465,400,000 |
Variable Interest Entity, Primary Beneficiary | 11,800,000 | 20,100,000 |
Equity: | ||
Common stock ($0.01 par value, 153.0 shares authorized; 58.5 shares issued in 2022 and 2023) | 600,000 | 600,000 |
Additional paid-in capital | 741,400,000 | 695,500,000 |
Accumulated other comprehensive loss | (167,600,000) | (203,400,000) |
Retained earnings | 6,389,600,000 | 5,718,200,000 |
Total stockholders' equity before treasury stock | 6,964,000,000 | 6,210,900,000 |
Less: Treasury stock, at cost (22.7 shares in 2022 and 25.3 shares in 2023) | 3,376,100,000 | 2,980,600,000 |
Total stockholders' equity | 3,587,900,000 | 3,230,300,000 |
Non-controlling interests | 982,200,000 | 945,300,000 |
Total equity | 4,570,100,000 | 4,175,600,000 |
Common Stock ($0.01 par value) | 600,000 | 600,000 |
Additional Paid-In Capital | 741,400,000 | 695,500,000 |
Accumulated Other Comprehensive Income (Loss) | (167,600,000) | (203,400,000) |
Retained Earnings | 6,389,600,000 | 5,718,200,000 |
Treasury Stock at Cost | (3,376,100,000) | (2,980,600,000) |
Non-controlling Interests | 982,200,000 | 945,300,000 |
Foreign Currency Translation Adjustment | (255,300,000) | (296,400,000) |
Change in net realized and unrealized gain (loss) on derivative financial instruments | (100,000) | (400,000) |
Unrealized Gains (Losses) on Available-for-Sale Debt Securities | (500,000) | (1,000,000) |
Total | (255,900,000) | (297,800,000) |
Total liabilities and equity | 9,059,600,000 | 8,881,000,000 |