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.
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Consolidated Statements of Operations for the years ended and
(U.S. dollars in thousands, except per share amounts)
| For the Years Ended December 31, | |||
|---|---|---|---|
| Revenues | 2023 | 2022 | 2021 |
| Management fees | $970,812 | $992,728 | $1,213,924 |
| Performance fees | 4,319 | 557 | 13,312 |
| Total revenues | $975,131 | $993,285 | $1,227,236 |
| Operating Expenses | |||
| Compensation and benefits | 529,395 | 510,382 | 563,054 |
| Distribution, servicing and marketing | 23,621 | 24,612 | 31,719 |
| Occupancy | 28,931 | 28,833 | 21,942 |
| Communication and technology | 51,742 | 50,257 | 43,899 |
| General and administrative | 37,850 | 35,104 | 26,131 |
| Total operating expenses | 671,539 | 649,188 | 686,745 |
| Total operating income | 303,592 | 344,097 | 540,491 |
| Non-operating income (expense) | |||
| Interest expense | (8,571) | (9,912) | (10,803) |
| Interest income on cash and cash equivalents and other | 6,301 | 333 | 559 |
| Net gain on the tax receivable agreements | 505 | 913 | 358 |
| Net investment gain (loss) of consolidated investment products | 62,702 | (6,990) | 19,748 |
| Net investment gain (loss) of nonconsolidated investment products | 19,163 | (16,606) | 1,197 |
| Total non-operating income (expense) | 80,100 | (32,262) | 11,059 |
| Income before income taxes | 383,692 | 311,835 | 551,550 |
| Provision for income taxes | 71,888 | 63,450 | 107,026 |
| Net income before noncontrolling interests | 311,804 | 248,385 | 444,524 |
| Less: Net income attributable to noncontrolling interests - Artisan Partners Holdings | 49,522 | 49,123 | 96,879 |
| Less: Net income (loss) attributable to noncontrolling interests - consolidated investment products | 39,993 | (7,493) | 11,129 |
| Net income attributable to Artisan Partners Asset Management Inc. | $222,289 | $206,755 | $336,516 |
| Basic earnings per share | $3.19 | $2.94 | $5.10 |
| Diluted earnings per share | $3.19 | $2.94 | $5.09 |
| Basic weighted average number of common shares outstanding | 63,451,932 | 62,475,960 | 59,866,790 |
| Diluted weighted average number of common shares outstanding | 63,486,479 | 62,498,509 | 59,881,039 |
| Dividends declared per Class A common share | $2.66 | $3.67 | $4.23 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.