Artisan Partners Asset Management Inc

For the period ended Dec 31, 2024. Filed Feb 25, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 25, 2025

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 exhibits

Contents

Consolidated Statements of Operations for the years ended and

(U.S. dollars in thousands, except per share amounts)

	For the Years Ended December 31,
	2024	2023	2022
Revenues
Management fees	$1,096,935	$970,812	$992,728
Performance fees	14,867	4,319	557
Total revenues	$1,111,802	$975,131	$993,285
Operating Expenses
Compensation and benefits	594,125	529,395	510,382
Distribution, servicing and marketing	25,758	23,621	24,612
Occupancy	30,262	28,931	28,833
Communication and technology	52,972	51,742	50,257
General and administrative	42,056	37,850	35,104
Total operating expenses	745,173	671,539	649,188
Total operating income	366,629	303,592	344,097
Non-operating income (expense)
Interest expense	(8,610)	(8,571)	(9,912)
Interest income on cash and cash equivalents and other	9,612	6,301	333
Net gain (loss) on the tax receivable agreements	(504)	505	913
Net investment gain (loss) of consolidated investment products	51,961	62,702	(6,990)
Net investment gain (loss) of nonconsolidated investment products	21,464	19,163	(16,606)
Total non-operating income (expense)	73,923	80,100	(32,262)
Income before income taxes	440,552	383,692	311,835
Provision for income taxes	90,901	71,888	63,450
Net income before noncontrolling interests	349,651	311,804	248,385
Less: Net income attributable to noncontrolling interests - Artisan Partners Holdings	52,919	49,522	49,123
Less: Net income (loss) attributable to noncontrolling interests - consolidated investment products	36,984	39,993	(7,493)
Net income attributable to Artisan Partners Asset Management Inc.	$259,748	$222,289	$206,755
Basic earnings per share	$3.66	$3.19	$2.94
Diluted earnings per share	$3.66	$3.19	$2.94
Basic weighted average number of common shares outstanding	64,900,228	63,451,932	62,475,960
Diluted weighted average number of common shares outstanding	64,939,183	63,486,479	62,498,509
Dividends declared per Class A common share	$3.16	$2.66	$3.67

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.