Affiliated Managers Group (AMG) FY2022 results: revenue $2.3 billion, down 3.4% on the year
Affiliated Managers Group, Inc. (AMG) reported revenue of $2.3 billion for fiscal 2022, the year ended 31 December 2022, down 3.4% on the year before. Net income was $1.1 billion, up 102.6%, and diluted earnings per share $25.35. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2023.
Revenue
$2.3 billion
-3.4% on the year
FY2016FY2022
Operating margin
28.2%
32.4% a year earlier
FY2016FY2022
Net income
$1.1 billion
+102.6% on the year
FY2016FY2022
Diluted EPS
$25.35
+94.3% on the year
FY2016FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
1,055
1,259
1,009
-16.2%
Capital expenditure
11.4
8.4
8.5
+35.7%
Free cash flow
1,043
1,251
1,001
-16.6%
Free cash flow margin
44.8%
51.8%
49.4%
Cash from investing
-110
-584
-53.7
Cash from financing
-1,403
-798
-455
Share-based compensation
114
127
119
-10.2%
Buybacks
714
595
335
+19.9%
Dividends paid
1.6
1.7
16.8
-5.9%
Dividend per share
$0.04
$0.04
$0.35
0.0%
Diluted shares, weighted
49m
45m
47m
+9.4%
Shares outstanding at period end
n/a
n/a
58m
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
3,230
2,786
2,780
+15.9%
Non-controlling interest
945
924
538
+2.3%
Redeemable equity
465
674
672
-30.9%
Debt
2,535
2,490
2,312
+1.8%
Other liabilities
1,705
2,002
1,588
-14.8%
Total liabilities and equity
8,881
8,876
7,889
+0.1%
Fixed assets
68.5
73.9
79.6
-7.3%
Goodwill
2,649
2,689
2,661
-1.5%
Intangible assets
1,876
1,966
1,049
-4.6%
Securities held for sale or to maturity
251
0.0
n/a
Cash and equivalents
429
908
1,040
-52.8%
Other assets
3,608
3,238
3,059
+11.4%
Total assets
8,881
8,876
7,889
+0.1%
10-K for the year ended 31 December 2022, filed 17 February 2023: the filing.