2020 Q1 Form 10-Q Financial Statement

#000151730220000040 Filed on April 29, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q4 2019 Q1
Revenue $202.8M $208.3M $187.0M
YoY Change 8.49% 8.75% -11.81%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $131.9M $129.0M $129.2M
YoY Change 2.09% 1.34% -2.12%
% of Gross Profit
Research & Development $9.205M $9.428M
YoY Change -2.37% 8.87%
% of Gross Profit
Depreciation & Amortization $1.624M $1.600M $1.471M
YoY Change 10.4% 14.29% 16.28%
% of Gross Profit
Operating Expenses $131.9M $129.0M $129.2M
YoY Change 2.05% 1.34% -2.11%
Operating Profit $70.96M $79.32M $57.73M
YoY Change 22.91% 23.47% -27.82%
Interest Expense $2.685M $4.400M $2.775M
YoY Change -3.24% -163.77% -0.04%
% of Operating Profit 3.78% 5.55% 4.81%
Other Income/Expense, Net -$17.87M $0.00 $1.528M
YoY Change -1269.24% -61.44%
Pretax Income $53.09M $83.70M $59.26M
YoY Change -10.4% 46.07% -29.41%
Income Tax $9.451M $14.20M $9.442M
% Of Pretax Income 17.8% 16.97% 15.93%
Net Earnings $34.83M $44.55M $31.54M
YoY Change 10.42% 37.04% -23.59%
Net Earnings / Revenue 17.17% 21.39% 16.87%
Basic Earnings Per Share $0.53
Diluted Earnings Per Share $0.53 $862.7K $617.6K
COMMON SHARES
Basic Shares Outstanding 53.27M shares
Diluted Shares Outstanding 53.27M shares 0.000 shares

Balance Sheet

Concept 2020 Q1 2019 Q4 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $177.4M $143.6M $154.4M
YoY Change 14.9% -17.9% -37.13%
Cash & Equivalents $170.7M $134.6M $152.2M
Short-Term Investments
Other Short-Term Assets $13.00M $9.600M $12.90M
YoY Change 0.78% -3.03% 4.88%
Inventory
Prepaid Expenses
Receivables $98.40M $83.50M $82.80M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $288.8M $236.7M $250.1M
YoY Change 15.47% -8.29% -32.04%
LONG-TERM ASSETS
Property, Plant & Equipment $38.78M $39.50M $32.53M
YoY Change 19.22% 35.54% 60.55%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.000M $16.34M $14.00M
YoY Change -85.71% 33.33% -88.79%
Other Assets $467.6M $436.5M $429.3M
YoY Change 8.92% 1.56% -2.65%
Total Long-Term Assets $685.2M $696.9M $656.4M
YoY Change 4.39% 27.43% 11.98%
TOTAL ASSETS
Total Short-Term Assets $288.8M $236.7M $250.1M
Total Long-Term Assets $685.2M $696.9M $656.4M
Total Assets $974.0M $933.6M $906.5M
YoY Change 7.44% 15.98% -5.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $49.20M $54.10M $25.60M
YoY Change 92.19% 151.63% -50.48%
Accrued Expenses $167.8M $117.3M $168.8M
YoY Change -0.59% 823.62% 146.42%
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 $623.2M $546.7M $569.1M
YoY Change 9.51% 35.46% 9.3%
LONG-TERM LIABILITIES
Long-Term Debt $199.1M $199.1M $199.3M
YoY Change -0.1% -0.1% 0.05%
Other Long-Term Liabilities $3.700M $6.200M $8.500M
YoY Change -56.47% -77.37% -84.2%
Total Long-Term Liabilities $202.8M $205.3M $207.8M
YoY Change -2.41% -9.44% -17.87%
TOTAL LIABILITIES
Total Short-Term Liabilities $623.2M $546.7M $569.1M
Total Long-Term Liabilities $202.8M $205.3M $207.8M
Total Liabilities $826.0M $752.0M $777.0M
YoY Change 6.31% 19.33% 0.44%
SHAREHOLDERS EQUITY
Retained Earnings $21.29M $44.46M $21.19M
YoY Change 0.49% 15.12% 424.53%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $105.8M $133.0M $89.78M
YoY Change
Total Liabilities & Shareholders Equity $974.0M $933.6M $906.5M
YoY Change 7.44% 15.98% -5.0%

Cashflow Statement

Concept 2020 Q1 2019 Q4 2019 Q1
OPERATING ACTIVITIES
Net Income $34.83M $44.55M $31.54M
YoY Change 10.42% 37.04% -23.59%
Depreciation, Depletion And Amortization $1.624M $1.600M $1.471M
YoY Change 10.4% 14.29% 16.28%
Cash From Operating Activities $120.5M $31.20M $93.85M
YoY Change 28.39% 511.76% -43.91%
INVESTING ACTIVITIES
Capital Expenditures $631.0K -$1.100M $1.284M
YoY Change -50.86% -77.55% 326.58%
Acquisitions
YoY Change
Other Investing Activities $4.400M $300.0K
YoY Change -250.0%
Cash From Investing Activities $3.575M -$800.0K -$4.838M
YoY Change -173.89% -84.62% 483.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$90.30M -60.10M -$109.6M
YoY Change -17.57% 15.8% 36.86%
NET CHANGE
Cash From Operating Activities $120.5M 31.20M $93.85M
Cash From Investing Activities $3.575M -800.0K -$4.838M
Cash From Financing Activities -$90.30M -60.10M -$109.6M
Net Change In Cash $33.77M -29.70M -$20.54M
YoY Change -264.43% -42.88% -123.76%
FREE CASH FLOW
Cash From Operating Activities $120.5M $31.20M $93.85M
Capital Expenditures $631.0K -$1.100M $1.284M
Free Cash Flow $119.9M $32.30M $92.57M
YoY Change 29.49% 223.0% -44.58%

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CY2019Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
22591000 USD
CY2019Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
86366000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
92950000 USD
CY2019Q1 us-gaap Redeemable Noncontrolling Interest Equity Common Carrying Amount
RedeemableNoncontrollingInterestEquityCommonCarryingAmount
36547000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
43643000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
49818000 USD
CY2020Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1624000 USD
CY2019Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1471000 USD
CY2020Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
6881000 USD
CY2019Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
7493000 USD
CY2020Q1 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
0 USD
CY2019Q1 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
2003000 USD
CY2020Q1 us-gaap Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
-789000 USD
CY2019Q1 us-gaap Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
745000 USD
CY2020Q1 us-gaap Gain Loss On Investments
GainLossOnInvestments
-2379000 USD
CY2019Q1 us-gaap Gain Loss On Investments
GainLossOnInvestments
1615000 USD
CY2020Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
6000 USD
CY2019Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-17000 USD
CY2020Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
118000 USD
CY2019Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
114000 USD
CY2020Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
9695000 USD
CY2019Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
12349000 USD
CY2020Q1 apam Net Investment Gain Lossof Consolidated Investment Products
NetInvestmentGainLossofConsolidatedInvestmentProducts
-12924000 USD
CY2019Q1 apam Net Investment Gain Lossof Consolidated Investment Products
NetInvestmentGainLossofConsolidatedInvestmentProducts
2346000 USD
CY2020Q1 apam Purchaseof Investmentsby Consolidated Investment Products
PurchaseofInvestmentsbyConsolidatedInvestmentProducts
29092000 USD
CY2019Q1 apam Purchaseof Investmentsby Consolidated Investment Products
PurchaseofInvestmentsbyConsolidatedInvestmentProducts
36758000 USD
CY2020Q1 apam Proceedsfrom Saleof Investmentsby Consolidated Investment Products
ProceedsfromSaleofInvestmentsbyConsolidatedInvestmentProducts
30160000 USD
CY2019Q1 apam Proceedsfrom Saleof Investmentsby Consolidated Investment Products
ProceedsfromSaleofInvestmentsbyConsolidatedInvestmentProducts
16871000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
14841000 USD
CY2019Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
11566000 USD
CY2020Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-10762000 USD
CY2019Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
862000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
52729000 USD
CY2019Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
48695000 USD
CY2020Q1 apam Net Changein Operating Assetsand Liabilitiesof Consolidated Investment Products
NetChangeinOperatingAssetsandLiabilitiesofConsolidatedInvestmentProducts
5690000 USD
CY2019Q1 apam Net Changein Operating Assetsand Liabilitiesof Consolidated Investment Products
NetChangeinOperatingAssetsandLiabilitiesofConsolidatedInvestmentProducts
-7425000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
120497000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
93854000 USD
CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
631000 USD
CY2019Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1284000 USD
CY2020Q1 apam Payments For Leasehold Improvements
PaymentsForLeaseholdImprovements
167000 USD
CY2019Q1 apam Payments For Leasehold Improvements
PaymentsForLeaseholdImprovements
3554000 USD
CY2020Q1 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
5633000 USD
CY2019Q1 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
0 USD
CY2020Q1 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
1260000 USD
CY2019Q1 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
0 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
3575000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4838000 USD
CY2020Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
17076000 USD
CY2019Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
22591000 USD
CY2020Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
72439000 USD
CY2019Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
86366000 USD
CY2020Q1 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
63027000 USD
CY2019Q1 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
0 USD
CY2020Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
106000 USD
CY2019Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
CY2020Q1 apam Paymentsto Purchase Preferred Stockand Subsidiary Equity
PaymentstoPurchasePreferredStockandSubsidiaryEquity
63027000 USD
CY2019Q1 apam Paymentsto Purchase Preferred Stockand Subsidiary Equity
PaymentstoPurchasePreferredStockandSubsidiaryEquity
0 USD
CY2020Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4530000 USD
CY2019Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1824000 USD
CY2020Q1 apam Capital Contributionsto Consolidated Investment Products
CapitalContributionstoConsolidatedInvestmentProducts
3848000 USD
CY2019Q1 apam Capital Contributionsto Consolidated Investment Products
CapitalContributionstoConsolidatedInvestmentProducts
1228000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-90303000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-109553000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
33769000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-20537000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
144255000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
175535000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
178024000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
154998000 USD
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
170749000 USD
CY2019Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
152217000 USD
CY2020Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
629000 USD
CY2019Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
629000 USD
CY2020Q1 apam Cashand Cash Equivalentsof Consolidated Investment Products
CashandCashEquivalentsofConsolidatedInvestmentProducts
6646000 USD
CY2019Q1 apam Cashand Cash Equivalentsof Consolidated Investment Products
CashandCashEquivalentsofConsolidatedInvestmentProducts
2152000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
178024000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
154998000 USD
CY2020Q1 apam Non Cash Transaction Initial Establishment Of Deferred Tax Assets
NonCashTransactionInitialEstablishmentOfDeferredTaxAssets
37957000 USD
CY2019Q1 apam Non Cash Transaction Initial Establishment Of Deferred Tax Assets
NonCashTransactionInitialEstablishmentOfDeferredTaxAssets
7069000 USD
CY2020Q1 apam Non Cash Transaction Initial Establishment Of Amounts Payable Under Tax Receivable Agreements
NonCashTransactionInitialEstablishmentOfAmountsPayableUnderTaxReceivableAgreements
30853000 USD
CY2019Q1 apam Non Cash Transaction Initial Establishment Of Amounts Payable Under Tax Receivable Agreements
NonCashTransactionInitialEstablishmentOfAmountsPayableUnderTaxReceivableAgreements
5389000 USD
CY2020Q1 us-gaap Transfer To Investments
TransferToInvestments
1469000 USD
CY2019Q1 us-gaap Transfer To Investments
TransferToInvestments
0 USD
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2191000 USD
CY2020Q1 apam Subsidiary Ownership Percentage Artisan Partners Limited Partnership
SubsidiaryOwnershipPercentageArtisanPartnersLimitedPartnership
1
CY2020Q1 us-gaap Basis Of Accounting
BasisOfAccounting
<div style="margin-top:6pt;margin-bottom:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%;">Basis of presentation</span></div><div style="margin-top:6pt;margin-bottom:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;">The accompanying financial statements are unaudited. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, necessary for a fair statement of such consolidated financial statements have been included. Such interim results are not necessarily indicative of full year results. </span></div><div style="margin-top:6pt;margin-bottom:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;">The consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial reporting and accordingly they do not include all of the information and footnotes required in the annual consolidated financial statements and accompanying footnotes. </span></div><div style="margin-top:6pt;margin-bottom:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;">The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by U.S. GAAP. As a result, the interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in APAM’s latest annual report on Form 10-K. </span></div><div style="margin-top:6pt;margin-bottom:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;">The accompanying financial statements were prepared in accordance with U.S. GAAP and related rules and regulations of the SEC. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates or assumptions that affect the reported amounts and disclosures in the financial statements. Actual results could differ from these estimates or assumptions.</span></div>
CY2020Q1 apam Variable Interest Entity Consolidation Threshold
VariableInterestEntityConsolidationThreshold
0.10
CY2020Q1 us-gaap Other Investments
OtherInvestments
2915000 USD
CY2019Q4 us-gaap Other Investments
OtherInvestments
7543000 USD
CY2020Q1 us-gaap Equity Method Investments
EquityMethodInvestments
1950000 USD
CY2019Q4 us-gaap Equity Method Investments
EquityMethodInvestments
16335000 USD
CY2020Q1 us-gaap Investments
Investments
4865000 USD
CY2019Q4 us-gaap Investments
Investments
23878000 USD
CY2020Q1 us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
-2379000 USD
CY2019Q1 us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
1615000 USD
CY2020Q1 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
4877000 USD
CY2019Q1 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
0 USD
CY2020Q1 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-7256000 USD
CY2019Q1 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
1615000 USD
CY2020Q1 us-gaap Nontrade Receivables
NontradeReceivables
13700000 USD
CY2020Q1 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.0429
CY2020Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
200000000 USD
CY2020Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
2600000 USD
CY2019Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
2700000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
0 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
90000000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
110000000 USD
CY2020Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
200000000 USD
CY2020Q1 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
24233 shares
CY2020Q1 us-gaap Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
26700000 USD
CY2020Q1 us-gaap Deconsolidation Gain Or Loss Amount
DeconsolidationGainOrLossAmount
0 USD
CY2020Q1 us-gaap Equity Method Investments
EquityMethodInvestments
2000000.0 USD
CY2020Q1 apam Net Assetsof Consolidated Investment Products Measuredat Fair Value
NetAssetsofConsolidatedInvestmentProductsMeasuredatFairValue
91122000 USD
CY2019Q4 apam Net Assetsof Consolidated Investment Products Measuredat Fair Value
NetAssetsofConsolidatedInvestmentProductsMeasuredatFairValue
105555000 USD
CY2020Q1 apam Net Assetsof Consolidated Investment Products Carrying Value
NetAssetsofConsolidatedInvestmentProductsCarryingValue
-27180000 USD
CY2019Q4 apam Net Assetsof Consolidated Investment Products Carrying Value
NetAssetsofConsolidatedInvestmentProductsCarryingValue
-28509000 USD
CY2020Q1 apam Net Assetsof Consolidated Investment Products
NetAssetsofConsolidatedInvestmentProducts
63942000 USD
CY2019Q4 apam Net Assetsof Consolidated Investment Products
NetAssetsofConsolidatedInvestmentProducts
77046000 USD
CY2020Q1 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
37223000 USD
CY2019Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
43110000 USD
CY2020Q1 us-gaap Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
26719000 USD
CY2019Q4 us-gaap Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
33936000 USD
CY2020Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
0 shares
CY2020Q1 apam Changein Apam Economic Ownership Interestin Artisan Partners Holdings L Pasapercent
ChangeinAPAMEconomicOwnershipInterestinArtisanPartnersHoldingsLPasapercent
0.02
CY2020Q1 apam Cumulative Impactof Changesin Ownership
CumulativeImpactofChangesinOwnership
0 USD
CY2019Q1 apam Cumulative Impactof Changesin Ownership
CumulativeImpactofChangesinOwnership
0 USD
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
77801854 shares
CY2020Q1 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
126971 shares
CY2020Q1 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
24233 shares
CY2020Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
78590423 shares
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
60000 shares
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
202836000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
186962000 USD
CY2020Q1 us-gaap Receivables From Customers
ReceivablesFromCustomers
78368000 USD
CY2019Q4 us-gaap Receivables From Customers
ReceivablesFromCustomers
79704000 USD
CY2020Q1 us-gaap Other Receivables
OtherReceivables
18344000 USD
CY2019Q4 us-gaap Other Receivables
OtherReceivables
2164000 USD
CY2020Q1 us-gaap Accounts Receivable Gross
AccountsReceivableGross
96712000 USD
CY2019Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
81868000 USD
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
0 USD
CY2020Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
0 USD
CY2020Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
0 USD
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
0 USD
CY2020Q1 us-gaap Nontrade Receivables
NontradeReceivables
13700000 USD
CY2020Q1 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
95530000 USD
CY2019Q1 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
87708000 USD
CY2020Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
104717000 USD
CY2019Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
99282000 USD
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
14000000 shares
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
4616611 shares
CY2020Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
106500000 USD
CY2020Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3Y7M6D
CY2020Q1 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
126971 shares
CY2020Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4500000 USD
CY2020Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2020Q1 apam Approximate Percentage Of Earnings Not Subject To Income Taxes
ApproximatePercentageOfEarningsNotSubjectToIncomeTaxes
0.26
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.178
CY2019Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.159
CY2020Q1 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1593000 USD
CY2019Q1 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1313000 USD
CY2020Q1 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
868000 USD
CY2019Q1 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
515000 USD
CY2020Q1 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
109000 USD
CY2019Q1 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
121000 USD
CY2020Q1 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2570000 USD
CY2019Q1 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1949000 USD
CY2020Q1 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
5898000 USD
CY2019Q1 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
6696000 USD
CY2020Q1 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
983000 USD
CY2019Q1 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
797000 USD
CY2020Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
6881000 USD
CY2019Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
7493000 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9451000 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9442000 USD
CY2020Q1 apam Income Tax Disclosure Numberof Tax Receivable Agreements
IncomeTaxDisclosureNumberofTaxReceivableAgreements
2 TRA
CY2020Q1 apam Tax Receivable Agreement Percentage Savings Required To Be Paid To Shareholders
TaxReceivableAgreementPercentageSavingsRequiredToBePaidToShareholders
0.85
CY2020Q1 apam Tax Receivable Agreement Percentage Savings Required To Be Paid To Shareholders
TaxReceivableAgreementPercentageSavingsRequiredToBePaidToShareholders
0.85
CY2020Q1 apam Tax Receivable Agreement Percentage To Be Retained By Entity
TaxReceivableAgreementPercentageToBeRetainedByEntity
0.15
CY2020Q1 apam Tax Receivable Agreement Payment Period
TaxReceivableAgreementPaymentPeriod
P125D
CY2019Q4 apam Deferred Tax Assets Step Up Of Tax Basis
DeferredTaxAssetsStepUpOfTaxBasis
408140000 USD
CY2019Q4 apam Amounts Payable Under Tax Receivable Agreement
AmountsPayableUnderTaxReceivableAgreement
375324000 USD
CY2020Q1 apam Deferred Tax Assets Exchanges
DeferredTaxAssetsExchanges
14873000 USD
CY2020Q1 apam Amortizationof Tradta
AmortizationofTRADTA
8687000 USD
CY2020Q1 apam Deferred Tax Assets Step Up Of Tax Basis
DeferredTaxAssetsStepUpOfTaxBasis
435750000 USD
CY2020Q1 apam Amounts Payable Under Tax Receivable Agreement
AmountsPayableUnderTaxReceivableAgreement
406177000 USD
CY2020Q1 apam Deferred Tax Assets Step Up Of Tax Basis
DeferredTaxAssetsStepUpOfTaxBasis
435750000 USD
CY2019Q4 apam Deferred Tax Assets Step Up Of Tax Basis
DeferredTaxAssetsStepUpOfTaxBasis
408140000 USD
CY2020Q1 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
31223000 USD
CY2019Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
27757000 USD
CY2020Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
466973000 USD
CY2019Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
435897000 USD
CY2020Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0 USD
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0 USD
CY2020Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
466973000 USD
CY2019Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
435897000 USD
CY2020Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1500000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2000000.0 USD
CY2020Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
300000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
34825000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
31539000 USD
CY2020Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
6835000 USD
CY2019Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
7733000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
27990000 USD
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
23806000 USD
CY2020Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
53265479 shares
CY2019Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
50145684 shares
CY2020Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.53
CY2019Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.47
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
0 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
0 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
0 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
0 shares
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
25246777 shares
CY2019Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
27459976 shares

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