Artisan Partners Asset Management Inc
For the period ended Mar 31, 2024. Filed Apr 26, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 26, 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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Unaudited Consolidated Statements of Operations for the and
Unaudited Consolidated Statements of Operations
(U.S. dollars in thousands, except per share amounts)
| For the Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenues | ||
| Management fees | $264,322 | $234,440 |
| Performance fees | 29 | 69 |
| Total revenues | 264,351 | 234,509 |
| Operating Expenses | ||
| Compensation and benefits | 149,880 | 131,512 |
| Distribution, servicing and marketing | 6,391 | 5,617 |
| Occupancy | 7,281 | 7,030 |
| Communication and technology | 13,502 | 12,430 |
| General and administrative | 9,654 | 9,613 |
| Total operating expenses | 186,708 | 166,202 |
| Total operating income | 77,643 | 68,307 |
| Non-operating income (expense) | ||
| Interest expense | (2,061) | (2,056) |
| Interest income on cash and cash equivalents and other | 1,778 | 524 |
| Net investment gain (loss) of consolidated investment products | 19,184 | 14,940 |
| Net investment gain (loss) of nonconsolidated investment products | 12,125 | 8,733 |
| Total non-operating income (expense) | 31,026 | 22,141 |
| Income before income taxes | 108,669 | 90,448 |
| Provision for income taxes | 21,965 | 18,647 |
| Net income before noncontrolling interests | 86,704 | 71,801 |
| Less: Net income attributable to noncontrolling interests - Artisan Partners Holdings | 12,935 | 12,037 |
| Less: Net income (loss) attributable to noncontrolling interests - consolidated investment products | 14,288 | 9,011 |
| Net income attributable to Artisan Partners Asset Management Inc. | $59,481 | $50,753 |
| Basic earnings per share | $0.84 | $0.72 |
| Diluted earnings per share | $0.84 | $0.72 |
| Basic weighted average number of common shares outstanding | 64,319,977 | 63,231,797 |
| Diluted weighted average number of common shares outstanding | 64,355,247 | 63,247,163 |
| Dividends declared per Class A common share | $1.02 | $0.90 |
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