Artisan Partners Asset Management Inc.
For the period ended Sep 30, 2026. Filed Oct 29, 2026.
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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.
Sep 30, 2026 · Filed Oct 29, 2026
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
Unaudited Consolidated Statements of Cash Flows for the and
Unaudited Consolidated Statements of Cash Flows
| For the Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities | ||
| Net income before noncontrolling interests | $257,131 | $259,796 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 6,704 | 7,317 |
| Deferred income taxes | 26,644 | 46,560 |
| Noncash lease expense (benefit) | (606) | (804) |
| Net investment (gain) loss on nonconsolidated investment securities | (20,637) | (34,352) |
| (Gain) loss on non-operating liabilities | (894) | (557) |
| (Gain) loss on disposal of property and equipment | 153 | — |
| Amortization of debt issuance costs | 286 | 281 |
| Share-based compensation | 22,054 | 22,273 |
| Net investment (gain) loss of consolidated investment products | (10,560) | (38,506) |
| Purchase of investments by consolidated investment products | (406,764) | (309,162) |
| Proceeds from sale of investments by consolidated investment products | 356,395 | 136,862 |
| Change in assets and liabilities resulting in an increase (decrease) in cash: | ||
| Accounts receivable | 16,098 | 1,464 |
| Prepaid expenses and other assets | (5,637) | (1,091) |
| Accounts payable and accrued expenses | 147,473 | 143,893 |
| Net change in operating assets and liabilities of consolidated investment products including net investment income | 19,658 | 15,264 |
| Net cash provided by operating activities | 407,498 | 249,238 |
| Cash flows from investing activities | ||
| Acquisition of property and equipment | (2,426) | (304) |
| Leasehold improvements | (158) | (58) |
| Proceeds from sale of investment securities | 97,361 | 45,675 |
| Purchase of investment securities | (61,745) | (41,011) |
| Cash paid for business acquisitions, net of cash acquired | (22,490) | — |
| Net cash provided by investing activities | 10,542 | 4,302 |
| Cash flows from financing activities | ||
| Partnership distributions | (39,779) | (36,967) |
| Dividends paid | (224,772) | (194,689) |
| Payment of debt issuance costs for senior notes | — | (348) |
| Proceeds from issuance of notes payable | — | 50,000 |
| Principal payments on notes payable | — | (60,000) |
| Payments under the tax receivable agreements | (39,482) | (38,286) |
| Taxes paid related to employee net share settlement | (4,527) | (8,964) |
| Capital contributions to consolidated investment products, net | 42,787 | 146,667 |
| Net cash used in financing activities | (265,773) | (142,587) |
| Net increase in cash and cash equivalents | 152,267 | 110,953 |
| Net cash impact of deconsolidation of consolidated investment products | (29,727) | (36,988) |
| Cash and cash equivalents | ||
| Beginning of period | 255,506 | 268,218 |
| End of period | $378,046 | $342,183 |
| Cash and cash equivalents as of the end of the period | ||
| Cash and cash equivalents | $352,415 | $300,158 |
| Cash and cash equivalents of consolidated investment products | 25,631 | 42,025 |
| Cash and cash equivalents | $378,046 | $342,183 |
| Supplementary information | ||
| Noncash activity: | ||
| Establishment of deferred tax assets | $2,768 | $720 |
| Establishment of amounts payable under tax receivable agreements | 2,203 | 526 |
| Increase in investment securities due to deconsolidation of CIPs | 55,257 | 29,757 |
| Operating lease assets obtained in exchange for operating lease liabilities | 12,033 | 35,553 |
| Settlement of franchise capital liability via transfer of investment securities | 16,117 | 10,464 |
| Increase in CIP net assets due to consolidation | 8,347 | — |
| The accompanying notes are an integral part of the consolidated financial statements. | ||
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