10-Q quarterly report · filed Nov 2, 2017

Affiliated Managers Group Inc (AMG) Q3 2017 10-Q Quarterly Report

Short answer

Affiliated Managers Group Inc (AMG) filed its Q3 2017 10-Q quarterly report on Nov 2, 2017 for the quarter ended Sep 30, 2017.

Affiliated Managers Group Inc Q3 2017 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $585.7M, up 8% YoY from $544.7M
  • Net income $216.8M vs $175.9M; controlling-interest net income $125.4M vs $110.2M
  • Equity method revenue $686.6M, up 50%, best-performing line; consolidated revenue $585.7M, up 8%
  • Operating cash flow $800.5M, up from $684.5M; cash declined to $374.7M from $430.8M
  • Capital deployment: $200.0M senior-note redemption and 0.4M share repurchases at $175.68 average price

Risk Factors

  • No material risk-factor changes identified, with the filing providing financial statements and notes rather than a Risk Factors section
  • Regulatory compliance risk: regulated entities must maintain minimum financial or capital requirements
  • Legal risk: Third Avenue Focused Credit Fund claims settled during the quarter after a $15.0 million reserve
  • Operational risk: unfunded co-investment commitments of $94.9 million may be called in future periods
  • Financial risk: cash declined to $374.7 million while senior bank debt remained $868.9 million

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.