Artisan Partners Asset Management Inc
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
APAM$40.21+1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Financial Condition as of and
(U.S. dollars in thousands, except per share amounts)
| At December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Cash and cash equivalents | $141,008 | $114,832 |
| Accounts receivable | 101,169 | 98,634 |
| Investment securities | 150,522 | 85,415 |
| Prepaid expenses | 14,791 | 15,723 |
| Property and equipment, net | 46,638 | 48,104 |
| Operating lease assets | 94,747 | 101,410 |
| Deferred tax assets | 436,529 | 477,024 |
| Other | 5,557 | 4,330 |
| Assets of consolidated investment products | ||
| Cash and cash equivalents | 37,459 | 28,416 |
| Accounts receivable and other | 13,343 | 4,977 |
| Investment assets, at fair value | 364,095 | 255,743 |
| Total assets | $1,405,858 | $1,234,608 |
| LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND STOCKHOLDERS’ EQUITY | ||
| Accounts payable, accrued expenses, and other | $25,509 | $24,414 |
| Accrued incentive compensation | 52,226 | 29,762 |
| Operating lease liabilities | 113,391 | 120,847 |
| Borrowings | 199,267 | 199,050 |
| Amounts payable under tax receivable agreements | 364,048 | 398,789 |
| Liabilities of consolidated investment products | ||
| Accounts payable, accrued expenses, and other | 38,080 | 26,358 |
| Investment liabilities, at fair value | 9,580 | 20,751 |
| Total liabilities | $802,101 | $819,971 |
| Commitments and contingencies | ||
| Redeemable noncontrolling interests | 252,406 | 135,280 |
| Common stock | ||
| Class A common stock ($0.01 par value per share, 500,000,000 shares authorized, 68,554,078 and 67,982,025 shares outstanding at December 31, 2023 and December 31, 2022, respectively) | 685 | 680 |
| Class B common stock ($0.01 par value per share, 200,000,000 shares authorized, 2,435,739 and 2,583,884 shares outstanding at December 31, 2023 and December 31, 2022, respectively) | 24 | 26 |
| Class C common stock ($0.01 par value per share, 400,000,000 shares authorized, 9,024,947 and 9,040,147 shares outstanding at December 31, 2023 and December 31, 2022, respectively) | 90 | 90 |
| Additional paid-in capital | 193,722 | 171,416 |
| Retained earnings | 132,126 | 93,088 |
| Accumulated other comprehensive income (loss) | (2,496) | (3,079) |
| Total Artisan Partners Asset Management Inc. stockholders’ equity | 324,151 | 262,221 |
| Noncontrolling interests - Artisan Partners Holdings | 27,200 | 17,136 |
| Total stockholders’ equity | $351,351 | $279,357 |
| Total liabilities, redeemable noncontrolling interests, and stockholders’ equity | $1,405,858 | $1,234,608 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.