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Revenue from Contract with Customer (Notes)
12 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Text Block]
Note 9. Revenue From Contracts with Customers
The following table presents a disaggregation of investment advisory revenue by type and vehicle for the years ended December 31, 2023, 2022 and 2021:
 For the Years Ended December 31,
202320222021
Management fees
Artisan Funds$562,803 $573,924 $712,952 
Artisan Global Funds43,464 43,128 48,498 
Separate accounts and other(1)
364,545 375,676 452,474 
Performance fees
Separate accounts and other(1)
4,319 557 13,312 
Total revenues(2)
$975,131 $993,285 $1,227,236 
(1) Separate accounts and other revenue consists of management fees and performance fees earned from vehicles other than Artisan Funds or Artisan Global Funds, and therefore includes revenue earned from traditional separate accounts, Artisan-branded collective investment trusts and Artisan Private Funds.
(2) All management fees and performance fees from consolidated investment products were eliminated upon consolidation and therefore are omitted from this table. See Note 17, “Related Party Transactions”.
The following table presents the balances of receivables related to contracts with customers:
CustomerDecember 31,
2023
December 31,
2022
Artisan Funds$8,251 $5,597 
Artisan Global Funds5,047 4,453 
Separate accounts and other81,441 74,936 
Total receivables from contracts with customers$94,739 $84,986 
Non-customer receivables6,430 13,648 
Accounts receivable$101,169 $98,634 
Artisan Funds and Artisan Global Funds are billed on the last day of each month. Artisan Funds and Artisan Global Funds make payments on the same day the invoice is received for the majority of the invoiced amount. The remainder of the invoice is generally paid in the month following receipt of the invoice. Separate accounts and other clients are generally billed on a monthly or quarterly basis, with payments due within 30 days of billing.
Artisan had no other contract assets or liabilities from contracts with customers as of December 31, 2023 and 2022.
Non-customer receivables includes state tax payments on behalf of certain limited partners, which are then netted from subsequent distributions or payments to the limited partners, as well as investment redemptions that have not yet been collected.