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Unaudited Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Accounts receivable $ 96,062 $ 98,634
Property and equipment, net 46,896 48,104
Deferred tax assets 446,491 477,024
Prepaid expenses and other assets 18,986 20,053
Operating lease assets 91,662 101,410
Total assets 1,417,678 1,234,608
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND STOCKHOLDERS’ EQUITY    
Accrued incentive compensation 126,453 29,762
Borrowings 199,226 199,050
Operating lease liabilities 110,524 120,847
Amounts payable under tax receivable agreements 363,860 398,789
Total liabilities 874,628 819,971
Commitments and contingencies
Redeemable noncontrolling interests 219,726 135,280
Additional paid-in capital 187,764 171,416
Retained earnings 112,266 93,088
Accumulated other comprehensive income (loss) (3,246) (3,079)
Total Artisan Partners Asset Management Inc. stockholders’ equity 297,584 262,221
Noncontrolling interests - Artisan Partners Holdings 25,740 17,136
Total stockholders’ equity 323,324 279,357
Total liabilities, redeemable noncontrolling interests, and stockholders’ equity 1,417,678 1,234,608
Consolidated Entity, Excluding VIE    
ASSETS    
Cash and cash equivalents 198,308 114,832
Investment securities 139,630 85,415
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND STOCKHOLDERS’ EQUITY    
Accounts payable, accrued expenses, and other 23,872 24,414
Variable Interest Entity, Primary Beneficiary    
ASSETS    
Cash and cash equivalents 32,221 28,416
Investment securities 336,429 255,743
Accounts receivable and other 10,993 4,977
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND STOCKHOLDERS’ EQUITY    
Accounts payable, accrued expenses, and other 37,379 26,358
Investment liabilities, at fair value 13,314 20,751
Class A Common Stock    
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND STOCKHOLDERS’ EQUITY    
Common stock 685 680
Class B Common Stock    
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND STOCKHOLDERS’ EQUITY    
Common stock 25 26
Class C Common Stock    
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND STOCKHOLDERS’ EQUITY    
Common stock $ 90 $ 90