10-Q
Quarterly Report
AFFILIATED MANAGERS GROUP, INC.
MGRE
NYSE
CIK: 1004434
File #: 001-13459
Balance Sheet
52 line items · 2 periods
XBRL
| Item | Jun 30, 2024 | Dec 31, 2023 |
|---|---|---|
Assets | ||
Cash and cash equivalents | 865,500,000 | 813,600,000 |
Receivables | 457,200,000 | 368,400,000 |
Investments in marketable securities | 167,300,000 | 461,000,000 |
Goodwill | 2,516,100,000 | 2,523,600,000 |
Equity Method Investee | 1,348,600,000 | 1,323,300,000 |
Acquired client relationships (net) | 1,795,600,000 | 1,812,400,000 |
Acquired Client Relationships | 1,795,600,000 | 1,812,400,000 |
Equity method investments in Affiliates (net) | 2,161,600,000 | 2,288,500,000 |
Equity Method Investee | 2,161,600,000 | 2,288,500,000 |
Fixed assets (net) | 62,800,000 | 67,300,000 |
Other investments | 530,300,000 | 480,900,000 |
Fair Value Measured at NAV | 479,900,000 | 430,500,000 |
Other assets | 288,600,000 | 243,900,000 |
Related Party | 4,600,000 | 5,900,000 |
Total assets | 8,845,000,000 | 9,059,600,000 |
Liabilities and Equity | ||
Payables and accrued liabilities | 637,300,000 | 628,500,000 |
Debt | 2,525,200,000 | 2,537,500,000 |
Senior bank debt | 299,900,000 | 349,900,000 |
Senior notes | 697,400,000 | 1,096,900,000 |
Junior subordinated notes | 1,188,900,000 | 751,800,000 |
Junior convertible securities | 339,000,000 | 338,900,000 |
Junior Convertible Trust Preferred Securities - Junior convertible securities | 341,700,000 | — |
Deferred income tax liability (net) | 499,100,000 | 463,800,000 |
Other liabilities | 529,700,000 | 466,300,000 |
Private Equity Investment Partnerships of Affiliate - Related Party | 17,600,000 | 18,500,000 |
Related Party | 53,900,000 | 53,900,000 |
Total liabilities | 4,191,300,000 | 4,096,100,000 |
Redeemable non-controlling interests | 391,000,000 | 393,400,000 |
Variable Interest Entity, Primary Beneficiary | 10,700,000 | 11,800,000 |
Equity: | ||
Common stock ($0.01 par value, 153.0 shares authorized; 58.5 shares issued as of December 31, 2023 and June 30, 2024) | 600,000 | 600,000 |
Additional paid-in capital | 712,800,000 | 741,400,000 |
Accumulated other comprehensive loss | (163,700,000) | (167,600,000) |
Retained earnings | 6,614,700,000 | 6,389,600,000 |
Total stockholders' equity before treasury stock | 7,164,400,000 | 6,964,000,000 |
Less: Treasury stock, at cost (25.3 shares and 28.1 shares as of December 31, 2023 and June 30, 2024, respectively) | 3,833,500,000 | 3,376,100,000 |
Total stockholders' equity | 3,330,900,000 | 3,587,900,000 |
Non-controlling interests | 931,800,000 | 982,200,000 |
Total equity | 4,262,700,000 | 4,570,100,000 |
Common Stock ($0.01 par value) | 600,000 | 600,000 |
Additional Paid-In Capital | 712,800,000 | 741,400,000 |
Accumulated Other Comprehensive Loss | (163,700,000) | (167,600,000) |
Retained Earnings | 6,614,700,000 | 6,389,600,000 |
Treasury Stock at Cost | (3,833,500,000) | (3,376,100,000) |
Non- controlling Interests | 931,800,000 | 982,200,000 |
Foreign currency translation gain (loss) | (251,900,000) | (255,300,000) |
Change in net realized and unrealized gain (loss) on derivative financial instruments | 300,000 | (100,000) |
Unrealized Gains (Losses) on Investment Available-for-Sale Debt Securities | (100,000) | (500,000) |
Total | (251,700,000) | (255,900,000) |
Total liabilities and equity | 8,845,000,000 | 9,059,600,000 |