XML 71 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Income Statement [Abstract]      
Revenue $ 2,510.9us-gaap_AssetManagementFees1 $ 2,188.8us-gaap_AssetManagementFees1 $ 1,805.5us-gaap_AssetManagementFees1
Operating expenses:      
Compensation and related expenses 1,030.5us-gaap_LaborAndRelatedExpense 947.5us-gaap_LaborAndRelatedExpense 784.7us-gaap_LaborAndRelatedExpense
Selling, general and administrative 485.5us-gaap_SellingGeneralAndAdministrativeExpense 427.2us-gaap_SellingGeneralAndAdministrativeExpense 366.9us-gaap_SellingGeneralAndAdministrativeExpense
Intangible amortization and impairments 122.2us-gaap_AmortizationOfIntangibleAssets 128.2us-gaap_AmortizationOfIntangibleAssets 200.0us-gaap_AmortizationOfIntangibleAssets
Depreciation and other amortization 16.9amg_DepreciationAndOtherAmortization 14.0amg_DepreciationAndOtherAmortization 14.1amg_DepreciationAndOtherAmortization
Other operating expenses 40.6us-gaap_OtherCostAndExpenseOperating 37.8us-gaap_OtherCostAndExpenseOperating 39.4us-gaap_OtherCostAndExpenseOperating
Total operating expenses 1,695.7us-gaap_OperatingExpenses 1,554.7us-gaap_OperatingExpenses 1,405.1us-gaap_OperatingExpenses
Operating income 815.2us-gaap_OperatingIncomeLoss 634.1us-gaap_OperatingIncomeLoss 400.4us-gaap_OperatingIncomeLoss
Income from equity method investments 281.7us-gaap_IncomeLossFromEquityMethodInvestments 307.8us-gaap_IncomeLossFromEquityMethodInvestments 129.7us-gaap_IncomeLossFromEquityMethodInvestments
Other non-operating (income) and expenses:      
Investment and other income (23.3)amg_InvestmentAndOtherIncomeLoss (40.8)amg_InvestmentAndOtherIncomeLoss (22.0)amg_InvestmentAndOtherIncomeLoss
Interest expense 76.6us-gaap_InterestExpense 87.3us-gaap_InterestExpense 83.0us-gaap_InterestExpense
Imputed interest expense and contingent payment arrangements 30.1amg_ImputedInterest 31.7amg_ImputedInterest (26.1)amg_ImputedInterest
Total non-operating (income) and expenses 83.4us-gaap_NonoperatingIncomeExpense 78.2us-gaap_NonoperatingIncomeExpense 34.9us-gaap_NonoperatingIncomeExpense
Income before income taxes 1,013.5us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 863.7us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 495.2us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income taxes 227.9us-gaap_IncomeTaxExpenseBenefit 194.1us-gaap_IncomeTaxExpenseBenefit 83.8us-gaap_IncomeTaxExpenseBenefit
Net income 785.6us-gaap_ProfitLoss 669.6us-gaap_ProfitLoss 411.4us-gaap_ProfitLoss
Net income (non-controlling interests) (333.5)us-gaap_NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable (309.1)us-gaap_NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable (237.4)us-gaap_NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable
Net income (controlling interest) $ 452.1us-gaap_NetIncomeLoss $ 360.5us-gaap_NetIncomeLoss $ 174.0us-gaap_NetIncomeLoss
Earnings per share - basic (in dollars per share) $ 8.22us-gaap_EarningsPerShareBasic $ 6.79us-gaap_EarningsPerShareBasic $ 3.36us-gaap_EarningsPerShareBasic
Earnings per share - diluted (in dollars per share) $ 8.01us-gaap_EarningsPerShareDiluted $ 6.55us-gaap_EarningsPerShareDiluted $ 3.28us-gaap_EarningsPerShareDiluted
Average shares outstanding - basic (in shares) 55.0us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 53.1us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 51.7us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Average shares outstanding - diluted (in shares) 58.4us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 56.7us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 53.0us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding