XML 20 R5.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues:      
Revenues $ 1,918,309 $ 1,684,058 $ 1,649,885
Expenses:      
Subadvisory, distribution and other asset management costs 218,068 181,618 181,418
Software royalties and other information processing costs 27,759 28,937 29,993
Compensation, benefits and other personnel 584,497 527,509 517,917
Stock-based compensation 41,451 27,014 24,582
Consulting, outsourcing and professional fees 223,200 227,916 194,560
Data processing and computer related 107,560 96,328 88,058
Facilities, supplies and other costs 69,760 64,915 72,078
Amortization 59,152 52,975 51,419
Depreciation 33,481 30,959 29,436
Total expenses 1,364,928 1,238,171 1,189,461
Income from operations 553,381 445,887 460,424
Net (loss) gain from investments (366) (286) 3,174
Interest and dividend income 3,649 6,568 16,582
Interest expense (563) (609) (630)
Equity in earnings of unconsolidated affiliates 137,572 117,134 151,891
Income before income taxes 693,673 568,694 631,441
Income taxes 147,080 121,408 130,015
Net income $ 546,593 $ 447,286 $ 501,426
Basic earnings per common share (in USD per share) $ 3.87 $ 3.05 $ 3.31
Shares used to compute basic earnings per share 141,216 146,709 151,540
Diluted earnings per common share (in USD per share) $ 3.81 $ 3.00 $ 3.24
Shares used to compute diluted earnings per share 143,312 149,003 154,901
Dividends declared per common share (in USD per share) $ 0.77 $ 0.72 $ 0.68
Asset management, administration and distribution fees      
Revenues:      
Revenues $ 1,547,016 $ 1,345,649 $ 1,307,044
Information processing and software servicing fees      
Revenues:      
Revenues $ 371,293 $ 338,409 $ 342,841