10-Q quarterly report · filed Nov 9, 2015

Affiliated Managers Group Inc (AMG) Q3 2015 10-Q Quarterly Report

Short answer

Affiliated Managers Group Inc (AMG) filed its Q3 2015 10-Q quarterly report on Nov 9, 2015 for the quarter ended Sep 30, 2015.

Affiliated Managers Group Inc Q3 2015 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $613.1M, down 4% YoY from $640.3M
  • Net income $109.0M vs $103.2M YoY, economic net income $160.8M vs $156.8M
  • Best segment High Net Worth: revenue $66.3M, up 3%; worst Institutional: $236.7M, down 8%
  • Cash $541.7M vs $550.6M at December 31; operating cash flow $856.2M
  • Share repurchases $0.3M shares at $198.42 average; AUM $593.8B, down 1% with $42.7B quarterly market decline

Risk Factors

  • No risk-factors section provided, preventing identification of changes since the 2014 10-K
  • Financial risk: senior notes $1,084.5 million and convertible securities $304.7 million outstanding at September 30, 2015
  • Liquidity risk: $74.8 million in unfunded private-equity commitments subject to future capital calls
  • Tax compliance risk: $27.4 million liability for uncertain tax positions, including $2.1 million interest
  • Currency risk: foreign-currency translation loss of $57.9 million through September 30, 2015

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

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