For the year ending 2025-12-31, APAM had $24,276K increase in cash & cash equivalents over the period. $171,617K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income before noncontrolling interests | 377,879 |
| Depreciation and amortization | 9,378 |
| Deferred income taxes | 55,712 |
| Asset impairment | 0 |
| Noncash lease expense | -1,139 |
| Net investment (gain) loss on nonconsolidated investment securities | 40,706 |
| Net (gain) loss on the tax receivable agreements | -557 |
| Loss on disposal of property and equipment | -10 |
| Amortization of debt issuance costs | 399 |
| Share-based compensation | 28,547 |
| Net investment (gain) loss of consolidated investment products | 47,426 |
| Purchase of investments by consolidated investment products | 473,448 |
| Proceeds from sale of investments by consolidated investment products | 224,846 |
| Net change in operating assets and liabilities of consolidated investment products including net investment income | -17,007 |
| Accounts receivable | 34,698 |
| Prepaid expenses and other assets | 7,932 |
| Accounts payable and accrued expenses | 64,116 |
| Net cash provided by operating activities | 171,988 |
| Acquisition of property and equipment | 371 |
| Payments for leasehold improvements | 306 |
| Proceeds from sale of investment securities | 77,333 |
| Purchase of investment securities | 41,408 |
| Net cash provided by (used in) investing activities | 35,248 |
| Partnership distributions | 56,225 |
| Dividends paid | 257,105 |
| Payment of debt issuance costs | 464 |
| Proceeds from issuance of notes payable | 50,000 |
| Principal payments on notes payable | 60,000 |
| Tax receivable agreement payments | 38,286 |
| Taxes paid related to employee net share settlement | 8,964 |
| Capital contributions to consolidated investment products, net | 188,084 |
| Net cash used in financing activities | -182,960 |
| Net increase (decrease) in cash and cash equivalents | 24,276 |
Artisan Partners Asset Management Inc. (APAM)
Artisan Partners Asset Management Inc. (APAM)