2013 Q2 Form 10-Q Financial Statement

#000100443413000005 Filed on August 06, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2 2012 Q1
Revenue $541.0M $429.6M $417.6M
YoY Change 25.93% -7.07% -2.02%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $99.50M $88.80M $85.00M
YoY Change 12.05% -1.99% -68.16%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $35.90M $118.3M $33.80M
YoY Change -69.65% 356.76% 30.5%
% of Gross Profit
Operating Expenses $379.6M $404.6M $308.9M
YoY Change -6.18% 25.54% 2.52%
Operating Profit $161.4M $25.00M $108.8M
YoY Change 545.6% -82.14% -12.89%
Interest Expense $24.30M $18.50M $18.60M
YoY Change 31.35% 2.21% -313.79%
% of Operating Profit 15.06% 74.0% 17.1%
Other Income/Expense, Net -$25.20M $24.50M -$5.700M
YoY Change -202.86% -297.58%
Pretax Income $172.4M $62.90M $117.7M
YoY Change 174.09% -50.74% 1.38%
Income Tax $38.20M $2.000M $24.60M
% Of Pretax Income 22.16% 3.18% 20.9%
Net Earnings $64.70M $6.600M $37.50M
YoY Change 880.3% -85.46% -4.09%
Net Earnings / Revenue 11.96% 1.54% 8.98%
Basic Earnings Per Share $1.22 $0.13 $0.72
Diluted Earnings Per Share $1.18 $0.12 $0.71
COMMON SHARES
Basic Shares Outstanding 53.10M shares 51.40M shares 51.60M shares
Diluted Shares Outstanding 54.60M shares 52.70M shares 52.90M shares

Balance Sheet

Concept 2013 Q2 2012 Q2 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $413.8M $311.0M $393.7M
YoY Change 33.05% -0.06% 55.74%
Cash & Equivalents $413.8M $311.0M $393.7M
Short-Term Investments
Other Short-Term Assets $59.30M $66.70M $73.60M
YoY Change -11.09% -10.23% -11.86%
Inventory
Prepaid Expenses
Receivables $275.4M $292.2M $305.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $972.9M $775.5M $772.6M
YoY Change 25.45% 6.2% 15.09%
LONG-TERM ASSETS
Property, Plant & Equipment $84.10M $70.90M $70.20M
YoY Change 18.62% 9.08% 6.36%
Goodwill $2.335B $2.342B
YoY Change -0.31%
Intangibles $1.502B $1.631B
YoY Change -7.9%
Long-Term Investments $1.085B $692.9M $721.8M
YoY Change 56.54% -10.0% -1.53%
Other Assets $214.1M
YoY Change
Total Long-Term Assets $5.100B $4.839B $4.437B
YoY Change 5.39% 5.32% -3.28%
TOTAL ASSETS
Total Short-Term Assets $972.9M $775.5M $772.6M
Total Long-Term Assets $5.100B $4.839B $4.437B
Total Assets $6.073B $5.615B $5.210B
YoY Change 8.16% 5.44% -0.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $29.60M $15.80M $17.10M
YoY Change 87.34% -7.6% -78.76%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $423.7M $330.3M $100.8M
YoY Change 28.28% -10.75% -66.69%
LONG-TERM LIABILITIES
Long-Term Debt $1.362B $1.402B $1.203B
YoY Change -2.85% 13.5% -5.76%
Other Long-Term Liabilities $169.1M $160.7M $151.4M
YoY Change 5.23% -25.64% -29.58%
Total Long-Term Liabilities $169.1M $1.563B $1.354B
YoY Change -89.18% 7.67% -9.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $423.7M $330.3M $100.8M
Total Long-Term Liabilities $169.1M $1.563B $1.354B
Total Liabilities $2.461B $2.396B $3.348B
YoY Change 2.71% -31.38% -4.31%
SHAREHOLDERS EQUITY
Retained Earnings $1.478B
YoY Change
Common Stock $782.0M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $143.6M
YoY Change
Treasury Stock Shares
Shareholders Equity $2.155B $1.858B $1.862B
YoY Change
Total Liabilities & Shareholders Equity $6.073B $5.615B $5.210B
YoY Change 8.16% 5.44% -0.94%

Cashflow Statement

Concept 2013 Q2 2012 Q2 2012 Q1
OPERATING ACTIVITIES
Net Income $64.70M $6.600M $37.50M
YoY Change 880.3% -85.46% -4.09%
Depreciation, Depletion And Amortization $35.90M $118.3M $33.80M
YoY Change -69.65% 356.76% 30.5%
Cash From Operating Activities $262.6M $183.5M $52.50M
YoY Change 43.11% 2.29% -59.08%
INVESTING ACTIVITIES
Capital Expenditures $4.300M $3.700M $1.300M
YoY Change 16.22% 37.04% -176.47%
Acquisitions
YoY Change
Other Investing Activities $1.500M -$392.3M $3.400M
YoY Change -100.38% 16245.83% -135.42%
Cash From Investing Activities -$2.800M -$396.0M $2.100M
YoY Change -99.29% 7664.71% -118.58%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$6.800M $20.90M $17.60M
YoY Change -132.54% 266.67%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -180.3M 131.4M -113.2M
YoY Change -237.21% -212.98% -37.01%
NET CHANGE
Cash From Operating Activities 262.6M 183.5M 52.50M
Cash From Investing Activities -2.800M -396.0M 2.100M
Cash From Financing Activities -180.3M 131.4M -113.2M
Net Change In Cash 79.50M -81.10M -58.60M
YoY Change -198.03% -239.83% -6.54%
FREE CASH FLOW
Cash From Operating Activities $262.6M $183.5M $52.50M
Capital Expenditures $4.300M $3.700M $1.300M
Free Cash Flow $258.3M $179.8M $51.20M
YoY Change 43.66% 1.75% -60.62%

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CY2012Q2 us-gaap Tax Benefit From Stock Options Exercised1
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CY2013Q2 amg Compensation Expenses Related To Affiliate Equity Attributable To Controlling Interest
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3200000 USD
amg Compensation Expenses Related To Affiliate Equity Attributable To Controlling Interest
CompensationExpensesRelatedToAffiliateEquityAttributableToControllingInterest
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CY2012Q4 us-gaap Trading Securities
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CY2012Q4 us-gaap Trading Securities Fair Value Disclosure
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13600000 USD
CY2013Q2 us-gaap Trading Securities Fair Value Disclosure
TradingSecuritiesFairValueDisclosure
20500000 USD
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100000 USD
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TradingSecuritiesRealizedGain
300000 USD
us-gaap Trading Securities Realized Gain
TradingSecuritiesRealizedGain
400000 USD
us-gaap Trading Securities Realized Gain
TradingSecuritiesRealizedGain
600000 USD
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100000 USD
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TradingSecuritiesRealizedGainLoss
400000 USD
us-gaap Trading Securities Realized Gain Loss
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300000 USD
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300000 USD
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0 USD
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0 USD
us-gaap Trading Securities Realized Loss
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300000 USD
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TradingSecuritiesRealizedLoss
0 USD
us-gaap Trading Securities Unrealized Holding Gain
TradingSecuritiesUnrealizedHoldingGain
2400000 USD
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TradingSecuritiesUnrealizedHoldingGain
6500000 USD
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TradingSecuritiesUnrealizedHoldingLoss
0 USD
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TradingSecuritiesUnrealizedHoldingLoss
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CY2013Q2 us-gaap Treasury Stock Value
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CY2012Q4 us-gaap Treasury Stock Value
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CY2013Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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2100000 USD
CY2013Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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17800000 USD
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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52700000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52800000 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51500000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52900000 shares
CY2012Q4 amg Accumulated Other Comprehensive Income Loss Attributable To Parent Net Of Tax
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79100000 USD
CY2013Q2 amg Accumulated Other Comprehensive Income Loss Attributable To Parent Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAttributableToParentNetOfTax
38600000 USD
CY2013Q2 amg Adjustments To Additional Paid In Capital Increase Decrease In Carrying Amount Of Redeemable Noncontrolling Interests
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-19300000 USD
CY2012Q2 amg Adjustments To Additional Paid In Capital Increase Decrease In Carrying Amount Of Redeemable Noncontrolling Interests
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-2600000 USD
amg Adjustments To Additional Paid In Capital Increase Decrease In Carrying Amount Of Redeemable Noncontrolling Interests
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amg Adjustments To Additional Paid In Capital Increase Decrease In Carrying Amount Of Redeemable Noncontrolling Interests
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-8600000 USD
amg Adjustmentsto Additional Paidin Capital Convertible Debt Repurchaseof Securities
AdjustmentstoAdditionalPaidinCapitalConvertibleDebtRepurchaseofSecurities
10000000 USD
amg Affiliate Equity Expense
AffiliateEquityExpense
7100000 USD
amg Affiliate Equity Expense
AffiliateEquityExpense
8400000 USD
CY2013Q2 amg Affiliate Equity Expense
AffiliateEquityExpense
3200000 USD
CY2012Q2 amg Affiliate Equity Expense
AffiliateEquityExpense
4900000 USD
amg Business Combination Contingent Consideration Arrangements Expected Payment Related To Equity Method Investments
BusinessCombinationContingentConsiderationArrangementsExpectedPaymentRelatedToEquityMethodInvestments
142000000 USD
amg Business Combination Contingent Consideration Arrangements Expected Payments
BusinessCombinationContingentConsiderationArrangementsExpectedPayments
217000000 USD
amg Business Combination Contingent Consideration Arrangements Expected Payments Net Present Value
BusinessCombinationContingentConsiderationArrangementsExpectedPaymentsNetPresentValue
44300000 USD
CY2012Q4 amg Deferred Tax Liabilities Nondeductible Intangible Assets Amortization
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120100000 USD
CY2013Q2 amg Deferred Tax Liability Transferredto Stockholders Equity
DeferredTaxLiabilityTransferredtoStockholdersEquity
5700000 USD
CY2013Q2 amg Depreciation And Other Amortization
DepreciationAndOtherAmortization
3300000 USD
amg Changes In Affiliate Equity
ChangesInAffiliateEquity
-47400000 USD
amg Compensation Expenses Related To Affiliate Equity
CompensationExpensesRelatedToAffiliateEquity
15100000 USD
amg Compensation Expenses Related To Affiliate Equity
CompensationExpensesRelatedToAffiliateEquity
17500000 USD
CY2012Q2 amg Compensation Expenses Related To Affiliate Equity
CompensationExpensesRelatedToAffiliateEquity
8800000 USD
CY2013Q2 amg Compensation Expenses Related To Affiliate Equity
CompensationExpensesRelatedToAffiliateEquity
9100000 USD
CY2012Q2 amg Compensation Expenses Related To Affiliate Equity Attributable To Controlling Interest
CompensationExpensesRelatedToAffiliateEquityAttributableToControllingInterest
4800000 USD
amg Compensation Expenses Related To Affiliate Equity Attributable To Controlling Interest
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7000000 USD
CY2012Q4 amg Convertible Trust Preferred Securities Fair Value Disclosure
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ConvertibleTrustPreferredSecuritiesFairValueDisclosure
852300000 USD
CY2012Q4 amg Deferred Tax Assets Tax Benefit On Uncertain Tax Positions
DeferredTaxAssetsTaxBenefitOnUncertainTaxPositions
17600000 USD
CY2013Q2 amg Deferred Tax Assets Tax Benefit On Uncertain Tax Positions
DeferredTaxAssetsTaxBenefitOnUncertainTaxPositions
16600000 USD
CY2012Q4 amg Deferred Tax Liabilities Convertible Securities Interest
DeferredTaxLiabilitiesConvertibleSecuritiesInterest
189200000 USD
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DeferredTaxLiabilitiesConvertibleSecuritiesInterest
191800000 USD
CY2013Q2 amg Deferred Tax Liabilities Nondeductible Intangible Assets Amortization
DeferredTaxLiabilitiesNondeductibleIntangibleAssetsAmortization
111700000 USD
amg Depreciation And Other Amortization
DepreciationAndOtherAmortization
6900000 USD
amg Depreciation And Other Amortization
DepreciationAndOtherAmortization
7100000 USD
CY2012Q2 amg Depreciation And Other Amortization
DepreciationAndOtherAmortization
3600000 USD
CY2012Q2 amg Imputed Interest
ImputedInterest
-40000000 USD
amg Imputed Interest
ImputedInterest
-42500000 USD
amg Imputed Interest
ImputedInterest
22600000 USD
CY2013Q2 amg Imputed Interest
ImputedInterest
8400000 USD
CY2012Q2 amg Imputed Interest And Interest Expense
ImputedInterestAndInterestExpense
18500000 USD
amg Imputed Interest And Interest Expense
ImputedInterestAndInterestExpense
48500000 USD
amg Imputed Interest And Interest Expense
ImputedInterestAndInterestExpense
37100000 USD
CY2013Q2 amg Imputed Interest And Interest Expense
ImputedInterestAndInterestExpense
24300000 USD
CY2013Q2 amg Increase Decrease In Equity Due To Profit Loss And Net Transfers With Noncontrolling Interests
IncreaseDecreaseInEquityDueToProfitLossAndNetTransfersWithNoncontrollingInterests
45400000 USD
amg Increase Decrease In Equity Due To Profit Loss And Net Transfers With Noncontrolling Interests
IncreaseDecreaseInEquityDueToProfitLossAndNetTransfersWithNoncontrollingInterests
103000000 USD
amg Increase Decrease In Equity Due To Profit Loss And Net Transfers With Noncontrolling Interests
IncreaseDecreaseInEquityDueToProfitLossAndNetTransfersWithNoncontrollingInterests
35400000 USD
CY2012Q2 amg Increase Decrease In Equity Due To Profit Loss And Net Transfers With Noncontrolling Interests
IncreaseDecreaseInEquityDueToProfitLossAndNetTransfersWithNoncontrollingInterests
4000000 USD
CY2013Q2 amg Increase Decrease In Unsettled Fund Shares Payables
IncreaseDecreaseInUnsettledFundSharesPayables
-172400000 USD
amg Increase Decrease In Unsettled Fund Shares Payables
IncreaseDecreaseInUnsettledFundSharesPayables
6300000 USD
amg Increase Decrease In Unsettled Fund Shares Payables
IncreaseDecreaseInUnsettledFundSharesPayables
69600000 USD
CY2012Q2 amg Increase Decrease In Unsettled Fund Shares Payables
IncreaseDecreaseInUnsettledFundSharesPayables
-35300000 USD
CY2013Q2 amg Increase Decrease In Unsettled Fund Shares Receivables
IncreaseDecreaseInUnsettledFundSharesReceivables
-171800000 USD
amg Increase Decrease In Unsettled Fund Shares Receivables
IncreaseDecreaseInUnsettledFundSharesReceivables
66600000 USD
amg Increase Decrease In Unsettled Fund Shares Receivables
IncreaseDecreaseInUnsettledFundSharesReceivables
9700000 USD
CY2012Q2 amg Increase Decrease In Unsettled Fund Shares Receivables
IncreaseDecreaseInUnsettledFundSharesReceivables
-35500000 USD
CY2013Q2 amg Investment And Other Income Loss
InvestmentAndOtherIncomeLoss
7500000 USD
amg Investment And Other Income Loss
InvestmentAndOtherIncomeLoss
13400000 USD
amg Investment And Other Income Loss
InvestmentAndOtherIncomeLoss
12000000 USD
CY2012Q2 amg Investment And Other Income Loss
InvestmentAndOtherIncomeLoss
3000000 USD
CY2013Q2 amg Investment Commitment Amount
InvestmentCommitmentAmount
71300000 USD
CY2012Q4 amg Junior Convertible Trust Preferred Debt Noncurrent
JuniorConvertibleTrustPreferredDebtNoncurrent
515500000 USD
CY2013Q2 amg Junior Convertible Trust Preferred Debt Noncurrent
JuniorConvertibleTrustPreferredDebtNoncurrent
517100000 USD
CY2012Q4 amg Notes Payable Fair Value Senior Convertible Notes
NotesPayableFairValueSeniorConvertibleNotes
510600000 USD
CY2013Q2 amg Notes Payable Fair Value Senior Convertible Notes
NotesPayableFairValueSeniorConvertibleNotes
531400000 USD
CY2012Q4 amg Notes Payable Fair Value Senior Notes
NotesPayableFairValueSeniorNotes
351800000 USD
CY2013Q2 amg Notes Payable Fair Value Senior Notes
NotesPayableFairValueSeniorNotes
343100000 USD
CY2012Q2 amg Notes Received For Affiliate Equity Sales
NotesReceivedForAffiliateEquitySales
2000000 USD
amg Notes Received For Affiliate Equity Sales
NotesReceivedForAffiliateEquitySales
3000000 USD
amg Notes Received For Affiliate Equity Sales
NotesReceivedForAffiliateEquitySales
0 USD
CY2013Q2 amg Notes Received For Affiliate Equity Sales
NotesReceivedForAffiliateEquitySales
0 USD
amg Number Of Principal Distribution Channels
NumberOfPrincipalDistributionChannels
3 Channel
CY2012Q2 amg Operating Expenses Other
OperatingExpensesOther
286300000 USD
amg Operating Expenses Other
OperatingExpensesOther
659000000 USD
amg Operating Expenses Other
OperatingExpensesOther
561200000 USD
CY2013Q2 amg Operating Expenses Other
OperatingExpensesOther
343700000 USD
amg Operating Loss Carryforwards State And Local Expiration Period
OperatingLossCarryforwardsStateAndLocalExpirationPeriod
P15Y
amg Payables Recorded For Affiliate Equity Purchases
PayablesRecordedForAffiliateEquityPurchases
21200000 USD
CY2012Q2 amg Payables Recorded For Affiliate Equity Purchases
PayablesRecordedForAffiliateEquityPurchases
2400000 USD
amg Payables Recorded For Affiliate Equity Purchases
PayablesRecordedForAffiliateEquityPurchases
13600000 USD
CY2013Q2 amg Payables Recorded For Affiliate Equity Purchases
PayablesRecordedForAffiliateEquityPurchases
12200000 USD
CY2012Q2 amg Payables Recorded Under Contingent Payment Arrangements
PayablesRecordedUnderContingentPaymentArrangements
24800000 USD
amg Payables Recorded Under Contingent Payment Arrangements
PayablesRecordedUnderContingentPaymentArrangements
24800000 USD
amg Payables Recorded Under Contingent Payment Arrangements
PayablesRecordedUnderContingentPaymentArrangements
0 USD
CY2013Q2 amg Payables Recorded Under Contingent Payment Arrangements
PayablesRecordedUnderContingentPaymentArrangements
0 USD
amg Proceeds From Noncontrolling Interest
ProceedsFromNoncontrollingInterest
3400000 USD
amg Proceeds From Payments For Affiliate Equity Issuances And Repurchases
ProceedsFromPaymentsForAffiliateEquityIssuancesAndRepurchases
-23000000 USD
amg Proceeds From Payments For Affiliate Equity Issuances And Repurchases
ProceedsFromPaymentsForAffiliateEquityIssuancesAndRepurchases
4900000 USD
CY2013Q2 amg Proceeds From Payments For Affiliate Equity Issuances And Repurchases
ProceedsFromPaymentsForAffiliateEquityIssuancesAndRepurchases
-11000000 USD
CY2012Q2 amg Proceeds From Payments For Affiliate Equity Issuances And Repurchases
ProceedsFromPaymentsForAffiliateEquityIssuancesAndRepurchases
-6100000 USD
amg Redeemable Noncontrolling Interest Change In Redemption Value
RedeemableNoncontrollingInterestChangeInRedemptionValue
67600000 USD
CY2012Q4 amg Senior Convertible Debt Noncurrent
SeniorConvertibleDebtNoncurrent
450100000 USD
CY2013Q2 amg Senior Convertible Debt Noncurrent
SeniorConvertibleDebtNoncurrent
404800000 USD
amg Tax Credit Carryforwards Foreign Expiration Period
TaxCreditCarryforwardsForeignExpirationPeriod
P10Y
CY2013Q2 amg Unrecognized Tax Benefits Including Tax Interest And Related Charges Accrued
UnrecognizedTaxBenefitsIncludingTaxInterestAndRelatedChargesAccrued
21100000 USD
CY2012Q4 amg Unsettled Fund Share Payables
UnsettledFundSharePayables
39800000 USD
CY2013Q2 amg Unsettled Fund Share Payables
UnsettledFundSharePayables
107100000 USD
CY2013Q2 amg Unsettled Fund Share Receivables
UnsettledFundShareReceivables
104300000 USD
CY2012Q4 amg Unsettled Fund Share Receivables
UnsettledFundShareReceivables
40100000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Period End Date
DocumentPeriodEndDate
2013-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001004434
CY2013Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
52852201 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
AFFILIATED MANAGERS GROUP INC

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