10-Q
Quarterly Report
AFFILIATED MANAGERS GROUP, INC.
MGRE
NYSE
CIK: 1004434
File #: 001-13459
Balance Sheet
51 line items · 2 periods
XBRL
| Item | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|
Assets | ||
Cash and cash equivalents | 793,400,000 | 813,600,000 |
Receivables | 525,700,000 | 368,400,000 |
Investments in marketable securities | 348,900,000 | 461,000,000 |
Goodwill | 2,517,500,000 | 2,523,600,000 |
Equity Method Investee | 1,369,300,000 | 1,323,300,000 |
Acquired client relationships (net) | 1,802,300,000 | 1,812,400,000 |
Acquired Client Relationships | 1,802,300,000 | 1,812,400,000 |
Equity method investments in Affiliates (net) | 2,214,100,000 | 2,288,500,000 |
Equity Method Investee | 2,214,100,000 | 2,288,500,000 |
Fixed assets (net) | 65,600,000 | 67,300,000 |
Other investments | 522,900,000 | 480,900,000 |
Fair Value Measured at NAV | 472,500,000 | 430,500,000 |
Other assets | 234,200,000 | 243,900,000 |
Total assets | 9,024,600,000 | 9,059,600,000 |
Liabilities and Equity | ||
Payables and accrued liabilities | 634,100,000 | 628,500,000 |
Debt | 2,524,900,000 | 2,537,500,000 |
Senior bank debt | 299,900,000 | 349,900,000 |
Senior notes | 697,200,000 | 1,096,900,000 |
Junior subordinated notes | 1,188,900,000 | 751,800,000 |
Junior convertible securities | 338,900,000 | 338,900,000 |
Junior Convertible Trust Preferred Securities - Junior convertible securities | 341,700,000 | — |
Deferred income tax liability (net) | 487,500,000 | 463,800,000 |
Other liabilities | 464,600,000 | 466,300,000 |
Private Equity Investment Partnerships of Affiliate - Prior Owner | 17,700,000 | 18,500,000 |
Related Party | 37,700,000 | 53,900,000 |
Total liabilities | 4,111,100,000 | 4,096,100,000 |
Redeemable non-controlling interests | 393,000,000 | 393,400,000 |
Variable Interest Entity, Primary Beneficiary | 3,600,000 | 11,800,000 |
Equity: | ||
Common stock ($0.01 par value, 153.0 shares authorized; 58.5 shares issued as of December 31, 2023 and March 31, 2024) | 600,000 | 600,000 |
Additional paid-in capital | 712,100,000 | 741,400,000 |
Accumulated other comprehensive loss | (157,800,000) | (167,600,000) |
Retained earnings | 6,539,100,000 | 6,389,600,000 |
Total stockholders' equity before treasury stock | 7,094,000,000 | 6,964,000,000 |
Less: Treasury stock, at cost (25.3 shares and 26.0 shares as of December 31, 2023 and March 31, 2024, respectively) | 3,503,800,000 | 3,376,100,000 |
Total stockholders' equity | 3,590,200,000 | 3,587,900,000 |
Non-controlling interests | 930,300,000 | 982,200,000 |
Total equity | 4,520,500,000 | 4,570,100,000 |
Common Stock ($0.01 par value) | 600,000 | 600,000 |
Additional Paid-In Capital | 712,100,000 | 741,400,000 |
Accumulated Other Comprehensive Loss | (157,800,000) | (167,600,000) |
Retained Earnings | 6,539,100,000 | 6,389,600,000 |
Treasury Stock, Common | (3,503,800,000) | (3,376,100,000) |
Non- controlling Interests | 930,300,000 | 982,200,000 |
Foreign currency translation gain | (249,700,000) | (255,300,000) |
Change in net realized and unrealized gain (loss) on derivative financial instruments | 200,000 | (100,000) |
Change in net unrealized gain (loss) on available-for-sale debt securities | (100,000) | (500,000) |
Total | (249,600,000) | (255,900,000) |
Total liabilities and equity | 9,024,600,000 | 9,059,600,000 |