10-Q quarterly report · filed Nov 6, 2014

Affiliated Managers Group Inc (AMG) Q3 2014 10-Q Quarterly Report

Short answer

Affiliated Managers Group Inc (AMG) filed its Q3 2014 10-Q quarterly report on Nov 6, 2014 for the quarter ended Sep 30, 2014.

Affiliated Managers Group Inc Q3 2014 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $640.3M, up $88.7M, or 16% YoY
  • Net income $104.3M vs $75.2M YoY, diluted EPS $1.84 vs $1.37
  • Mutual Fund best segment: revenue $319.6M, up 19% YoY; Institutional lowest growth, revenue $256.1M, up 12%
  • Cash $560.2M vs $469.6M at year-end; operating cash flow $1,030.4M and Affiliate investments $508.1M
  • Outlook: cash flows and credit facility expected to support investments, distributions, debt service, repurchases and working capital; market declines threaten advisory and performance fees

Risk Factors

  • No material risk-factor changes disclosed relative to the December 31, 2013 Form 10-K
  • Market risk: investment-management results dependent on market levels, asset flows, and client retention
  • Regulatory risk: uncertain U.S. and foreign tax examinations, with $19.4 million uncertain-tax-position liability
  • Financial risk: $736.7 million senior notes outstanding, including $400.0 million 4.25% notes due 2024
  • Liquidity risk: $70.6 million unfunded private-equity commitments subject to future capital calls

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

Other Affiliated Managers Group Inc quarterly reports

Ask about this quarter

Compare quarters, check guidance or see what insiders and funds did around the report.