For the quarter ending 2026-03-31, MGR had -$209,900K decrease in cash & cash equivalents over the period. $295,500K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 |
|---|---|---|---|
| Net income | 146,400 | 377,900 | 526,100 |
| Intangible amortization and impairments | 49,200 | 64,300 | 96,000 |
| Depreciation and other amortization | 2,500 | 2,500 | 7,900 |
| Deferred income tax expense (benefit) | -45,700 | 39,700 | 44,100 |
| Equity method income (net) | 147,400 | 233,400 | 229,500 |
| Distributions received from equity method investments | 294,400 | 88,100 | 379,700 |
| Affiliate transaction gains | - | 243,700 | 127,600 |
| Share-based compensation and affiliate equity compensation expense | - | - | 148,600 |
| Share-based compensation and affiliate equity expense | 53,500 | 202,800 | - |
| Net realized and unrealized (losses) gains on investment securities | -3,900 | 12,600 | 43,100 |
| Other non-cash items | -9,800 | -10,000 | 1,900 |
| Purchases of securities by consolidated affiliate sponsored investment products | 14,400 | 28,500 | 72,100 |
| Sales of securities by consolidated affiliate sponsored investment products | 10,400 | 27,400 | 45,300 |
| Increase in receivables | 393,500 | -182,000 | 231,800 |
| (increase) decrease in other assets | -1,600 | 5,100 | 23,000 |
| Increase in payables, accrued liabilities, and other liabilities | 328,600 | -66,400 | 198,100 |
| Cash flow from operating activities | 299,300 | 256,400 | 716,800 |
| Investments in affiliates | 242,300 | 260,900 | 515,100 |
| Proceeds from affiliate transactions | - | 304,000 | 99,800 |
| Return of capital from equity method investments in affiliates | - | 6,000 | 3,800 |
| Purchases of fixed assets | 3,800 | 1,900 | 4,200 |
| Purchases of investment securities | 18,600 | 31,500 | 72,300 |
| Maturities and sales of investment securities | 35,700 | 36,800 | 229,400 |
| Cash flow used in investing activities | -229,000 | 52,500 | -258,600 |
| Borrowings of senior bank debt | 625,000 | - | - |
| Repayments of senior bank debt | 60,000 | - | - |
| Borrowings of senior bank debt, senior notes, and junior subordinated notes | - | 799,300 | 100,000 |
| Repayments of junior convertible securities | 340,600 | - | - |
| Repayments of senior bank debt, junior convertible securities, and senior notes | - | 476,100 | 350,000 |
| Conversion payments on junior convertible securities | 174,000 | - | - |
| Repurchases of common stock, net | 185,100 | 353,100 | 353,200 |
| Dividends paid on common stock | - | 200 | 800 |
| Distributions to non-controlling interests | 84,100 | 46,800 | 205,500 |
| Affiliate equity purchases | - | 176,700 | - |
| Affiliate equity issuances | - | 6,400 | - |
| (redemptions) subscriptions to consolidated affiliate sponsored investment products, net | - | 21,200 | - |
| Affiliate equity purchases, net | - | - | -50,000 |
| Settlement of deferred payments, net | - | 0 | - |
| Taxes paid on shares withheld on share-based awards | - | 2,200 | 105,800 |
| Affiliate equity purchases, net | 29,300 | - | - |
| Other financing items | -29,200 | -21,900 | 16,700 |
| Cash flow used in financing activities | -277,300 | -200,100 | -948,600 |
| Effect of foreign currency exchange rate changes on cash and cash equivalents | -2,900 | 1,100 | 10,500 |
| Net decrease in cash and cash equivalents | -209,900 | 109,900 | -479,900 |
| Cash and cash equivalents at beginning of period | 586,000 | - | - |
| Effect of consolidation of affiliate sponsored investment products | 0 | - | - |
| Cash and cash equivalents at end of period | 376,100 | - | - |
AFFILIATED MANAGERS GROUP, INC. (MGR)
AFFILIATED MANAGERS GROUP, INC. (MGR)