Artisan Partners Asset Management Inc.

Listed Company

APAMCIK 0001517302NYSELarge AcceleratedInvestment AdviceDelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.20B

Net Income

$290.32M

Total Assets

$1.58B

Equity

$438.83M

Shares Out

80.69M

Op. Cash Flow

$171.99M

Business

Artisan Partners Asset Management Inc. is an investment management firm that provides active investment strategies to sophisticated clients globally. It offers a broad range of products and services, including separately managed accounts, pooled vehicles such as U.S. mutual funds and Ireland-domiciled UCITS, private funds and collective investment trusts, and performance- or asset-based advisory services. Its operations are organized around autonomous investment teams that manage distinct equity, credit, emerging markets and alternative strategies. The firm distributes through institutional, intermediary and retail channels, using consultants, broker-dealers, financial advisors and fund supermarkets.

Summary from filing dated 2025-02-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue from Contracts with Customers	1,197	1,112	975	993	1,227
Total revenues	1,197	1,112	975	993	1,227
Compensation and benefits	650	594	529	510	563
Distribution, servicing and marketing	28	26	24	25	32
Occupancy	29	30	29	29	22
Communication and technology	52	53	52	50	44
General and administrative	38	42	38	35	26
Total operating expenses	797	745	672	649	687
Operating Income (Loss), Total	400	367	304	344	540
Interest income on cash and cash equivalents and other	9	10	6	333,000	559,000
Net gain (loss) on the tax receivable agreements	557,000	−504,000	505,000	913,000	358,000
Total non-operating income (expense)	90	74	80	−32	11
Interest Expense, Nonoperating	9	9	9	10	—
Income before income taxes	489	441	384	312	552
Provision for income taxes	111	91	72	63	107
Net income before noncontrolling interests	378	350	312	248	445
Less: Net income attributable to noncontrolling interests - Artisan Partners Holdings	58	53	50	49	97
Less: Net income (loss) attributable to noncontrolling interests - consolidated investment products	29	37	40	−7	11
Net income attributable to Artisan Partners Asset Management Inc.	290	260	222	207	337
Earnings per share - Basic	4.05	3.66	3.19	2.94	5.1
Earnings per share - Diluted	4.05	3.66	3.19	2.94	5.09
Basic weighted average number of common shares outstanding	66	65	63	62	60
Diluted weighted average number of common shares outstanding	66	65	63	62	60
Dividends declared per Class A common share	3.63	3.16	2.66	3.67	4.23

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Accounts receivable	155	119	101	99	116
Investment securities	228	209	151	85	48
Prepaid expenses	21	14	15	16	13
Property and equipment, net	33	41	47	48	35
Operating lease assets	105	83	95	101	89
Deferred tax assets	355	409	437	477	498
Total assets	1,577	1,619	1,406	1,235	1,208
Accrued short-term incentive compensation	29	21	19	—	—
Accrued long-term incentive compensation	105	59	33	—	—
Operating lease liabilities	121	101	113	121	100
Borrowings	189	199	199	199	199
Amounts payable under tax receivable agreements	303	341	364	399	425
Total liabilities	795	869	802	820	801
Commitments and contingencies	—	—	—	—	—
Redeemable noncontrolling interests	304	328	252	135	111
Additional paid-in capital	236	221	194	171	142
Retained earnings	203	170	132	93	135
Accumulated other comprehensive income (loss)	−2	−3	−2	−3	−1
Total Artisan Partners Asset Management Inc. stockholders equity	439	389	324	262	276
Noncontrolling interests - Artisan Partners Holdings	39	33	27	17	20
Total stockholders equity	478	422	351	279	296
Total liabilities, redeemable noncontrolling interests and stockholders equity	1,577	1,619	1,406	1,235	1,208

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	9	10	9	8	7
Deferred income taxes	56	44	42	30	38
Asset impairment	0	979,000	0	1	0
Noncash lease expense	−1	−988,000	−242,000	2	−2
Net investment (gain) loss on nonconsolidated investment securities	−41	−21	−19	17	−2
Loss on disposal of property and equipment	10,000	45,000	4,000	51,000	4,000
Amortization of debt issuance costs	399,000	389,000	442,000	440,000	421,000
Share-based compensation	29	32	34	42	40
Net investment (gain) loss of consolidated investment products	−47	−52	−63	7	−20
Purchase of investments by consolidated investment products	−473	−377	−406	−336	−252
Proceeds from sale of investments by consolidated investment products	225	281	282	212	197
Net change in operating assets and liabilities of consolidated investment products including net investment income	−17	−78	−35	−46	31
Accounts receivable	−35	−17	125,000	17	−16
Prepaid expenses and other assets	−8	1	−85,000	3	−3
Accounts payable and accrued expenses	64	43	27	16	−1
Net cash provided by operating activities	172	373	253	313	399
Acquisition of property and equipment	−371,000	−2	−2	−7	−2
Payments For Leasehold Improvements	306,000	3	6	13	4
Proceeds from sale of investment securities	77	12	6	5	13
Purchase of investment securities	−41	−32	−35	−49	−34
Net cash provided by (used in) investing activities	35	−25	−38	−64	−27
Partnership distributions	56	49	45	57	93
Dividends paid	−257	−222	−183	−249	−275
Payment of debt issuance costs	−464,000	0	0	−543,000	0
Proceeds from issuance of notes payable	50	0	0	90	0
Principal payments on notes payable	−60	0	0	−90	0
Tax Receivable Agreement Payments	38	37	36	33	31
Taxes paid related to employee net share settlement	−9	−7	−7	−8	−9
Capital contributions to consolidated investment products, net	188	60	96	41	73
Net cash used in financing activities	−183	−254	−175	−306	−335
Net increase (decrease) in cash and cash equivalents	24	94	40	−58	36
Establishment of deferred tax assets	1	19	3	9	54
Establishment of amounts payable under tax receivable agreements	750,000	14	1	6	44
Increase in investment securities due to deconsolidation of consolidated investment products	30	24	20	10	21
Operating lease assets obtained in exchange for operating leases	36	3	7	32	21
Settlement of franchise capital liability via transfer of investment securities	10	7	3	0	0
Non-cash contributions to consolidated investment products	1	0	0	—	—
Interest on borrowings	8	8	8	10	10

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro