For the quarter ending 2026-03-31, AMG had -$209.9M decrease in cash & cash equivalents over the period. $295.5M in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Affiliate transaction gains | - | 243.7 | 127.6 | - |
| Share-based compensation and affiliate equity compensation expense | - | - | 56.3 | 92.3 |
| Net income | 146.4 | 377.9 | 291 | 235.1 |
| Intangible amortization and impairments | 49.2 | 64.3 | 6.4 | 89.6 |
| Depreciation and other amortization | 2.5 | 2.5 | 2.6 | 5.3 |
| Deferred income tax expense (benefit) | -45.7 | 39.7 | 17.3 | 26.8 |
| Equity method income (net) | 147.4 | 233.4 | 88.6 | 140.9 |
| Distributions received from equity method investments | 294.4 | 88.1 | 83.8 | 295.9 |
| Share-based compensation and affiliate equity expense | 53.5 | 202.8 | - | - |
| Net realized and unrealized (losses) gains on investment securities | -3.9 | 12.6 | 22.6 | 20.5 |
| Other non-cash items | -9.8 | -10 | -2 | 3.9 |
| Purchases of securities by consolidated affiliate sponsored investment products | 14.4 | 28.5 | 37 | 35.1 |
| Sales of securities by consolidated affiliate sponsored investment products | 10.4 | 27.4 | 14.8 | 30.5 |
| Increase in receivables | 393.5 | -182 | 104.9 | 126.9 |
| (increase) decrease in other assets | -1.6 | 5.1 | 10 | 13 |
| Increase in payables, accrued liabilities, and other liabilities | 328.6 | -66.4 | 193.6 | 4.5 |
| Cash flow from operating activities | 299.3 | 256.4 | 277.1 | 439.7 |
| Investments in affiliates | 242.3 | 260.9 | 5 | 510.1 |
| Proceeds from affiliate transactions | - | 304 | 99.8 | - |
| Return of capital from equity method investments in affiliates | - | 6 | 3.8 | - |
| Purchases of fixed assets | 3.8 | 1.9 | 1.2 | 3 |
| Purchases of investment securities | 18.6 | 31.5 | 15.9 | 56.4 |
| Maturities and sales of investment securities | 35.7 | 36.8 | 189.2 | 40.2 |
| Cash flow used in investing activities | -229 | 52.5 | 270.7 | -529.3 |
| Borrowings of senior bank debt | 625 | - | - | - |
| Repayments of senior bank debt | 60 | - | - | - |
| Borrowings of senior bank debt, senior notes, and junior subordinated notes | - | 799.3 | 100 | 0 |
| Repayments of junior convertible securities | 340.6 | - | - | - |
| Dividends paid on common stock | - | 0.2 | 0.3 | 0.5 |
| Repayments of senior bank debt, junior convertible securities, and senior notes | - | 476.1 | 350 | 0 |
| Conversion payments on junior convertible securities | 174 | - | - | - |
| Repurchases of common stock, net | 185.1 | 353.1 | 75.7 | 277.5 |
| Distributions to non-controlling interests | 84.1 | 46.8 | 55.8 | 149.7 |
| Affiliate equity purchases | - | 176.7 | - | - |
| Affiliate equity issuances | - | 6.4 | - | - |
| (redemptions) subscriptions to consolidated affiliate sponsored investment products, net | - | 25.3 | - | -4.1 |
| Affiliate equity purchases, net | - | - | -8.9 | -41.1 |
| Settlement of deferred payments, net | - | 0 | - | - |
| Taxes paid on shares withheld on share-based awards | - | 2.2 | 105.8 | - |
| Affiliate equity purchases, net | 29.3 | - | - | - |
| Other financing items | -29.2 | -21.9 | 62.2 | -45.5 |
| Cash flow used in financing activities | -277.3 | -200.1 | -430.2 | -518.4 |
| Effect of foreign currency exchange rate changes on cash and cash equivalents | -2.9 | 1.1 | -2.5 | 13 |
| Net decrease in cash and cash equivalents | -209.9 | 109.9 | 115.1 | -595 |
| Cash and cash equivalents at beginning of period | 586 | - | - | - |
| Effect of consolidation of affiliate sponsored investment products | 0 | - | - | - |
| Cash and cash equivalents at end of period | 376.1 | - | - | - |
AFFILIATED MANAGERS GROUP, INC. (AMG)
AFFILIATED MANAGERS GROUP, INC. (AMG)