10-K
Annual Report
AFFILIATED MANAGERS GROUP, INC.
MGRE
NYSE
CIK: 1004434
File #: 001-13459
Balance Sheet
56 line items · 2 periods
XBRL
| Item | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|
Assets | ||
Cash and cash equivalents | 950,000,000 | 813,600,000 |
Receivables | 409,700,000 | 368,400,000 |
Investments | 595,600,000 | 941,900,000 |
Goodwill | 2,504,900,000 | 2,523,600,000 |
Equity Method Investee | 1,363,200,000 | 1,323,300,000 |
Acquired client relationships (net) | 1,777,800,000 | 1,812,400,000 |
Acquired Client Relationships | 1,777,800,000 | 1,812,400,000 |
Equity method investments in Affiliates (net) | 2,246,600,000 | 2,288,500,000 |
Equity Method Investee | 2,246,600,000 | 2,288,500,000 |
Fixed assets (net) | 57,600,000 | 67,300,000 |
United States | 48,900,000 | 56,300,000 |
United Kingdom | 8,500,000 | 10,700,000 |
Other | 200,000 | 300,000 |
Other assets | 288,700,000 | 243,900,000 |
Related Party | 7,900,000 | 5,900,000 |
Affiliate Tax Distributions - Related Party | 59,200,000 | — |
Total assets | 8,830,900,000 | 9,059,600,000 |
Equity Method Investee | 3,348,200,000 | 3,269,100,000 |
Liabilities and Equity | ||
Payable and accrued liabilities | 639,100,000 | 628,500,000 |
Debt | 2,620,200,000 | 2,537,500,000 |
Senior bank debt | 0 | 349,900,000 |
Senior notes | 1,092,100,000 | 1,096,900,000 |
Junior subordinated notes | 1,189,000,000 | 751,800,000 |
Junior convertible securities | 339,100,000 | 338,900,000 |
Junior Convertible Trust Preferred Securities - Junior convertible securities | 341,700,000 | — |
Deferred tax liability (net) | 520,500,000 | 463,800,000 |
Other liabilities | 402,400,000 | 466,300,000 |
Private Equity Investment Partnerships of Affiliate - Related Party | 14,500,000 | 18,500,000 |
Related Party | 54,800,000 | 53,900,000 |
Affiliate Tax Distributions - Related Party | 87,800,000 | — |
Total liabilities | 4,182,200,000 | 4,096,100,000 |
Redeemable non-controlling interests | 350,500,000 | 393,400,000 |
Variable Interest Entity, Primary Beneficiary | 12,900,000 | 11,800,000 |
Equity: | ||
Common stock ($0.01 par value, 153.0 shares authorized; 58.5 shares issued as of December 31, 2023 and 2024) | 600,000 | 600,000 |
Additional paid-in capital | 733,100,000 | 741,400,000 |
Accumulated other comprehensive loss | (163,600,000) | (167,600,000) |
Retained earnings | 6,899,800,000 | 6,389,600,000 |
Total stockholders' equity before treasury stock | 7,469,900,000 | 6,964,000,000 |
Less: Treasury stock, at cost (25.3 shares in 2023 and 28.9 shares in 2024) | 4,124,600,000 | 3,376,100,000 |
Total stockholders' equity | 3,345,300,000 | 3,587,900,000 |
Non-controlling interests | 952,900,000 | 982,200,000 |
Total equity | 4,298,200,000 | 4,570,100,000 |
Common Stock ($0.01 par value) | 600,000 | 600,000 |
Additional Paid-In Capital | 733,100,000 | 741,400,000 |
Accumulated Other Comprehensive Loss | (163,600,000) | (167,600,000) |
Retained Earnings | 6,899,800,000 | 6,389,600,000 |
Treasury Stock at Cost | (4,124,600,000) | (3,376,100,000) |
Non-controlling Interests | 952,900,000 | 982,200,000 |
Foreign Currency Translation Adjustment | (253,800,000) | (255,300,000) |
Change in net realized and unrealized gain (loss) on derivative financial instruments | 400,000 | (100,000) |
Unrealized Gains (Losses) on Available-for-Sale Debt Securities | (400,000) | (500,000) |
Total | (253,800,000) | (255,900,000) |
Total liabilities and equity | 8,830,900,000 | 9,059,600,000 |