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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Accounts receivable $ 101,169 $ 98,634
Investment securities 150,522 85,415
Prepaid expenses 14,791 15,723
Property and equipment, net 46,638 48,104
Operating lease assets 94,747 101,410
Deferred tax assets 436,529 477,024
Total assets 1,405,858 1,234,608
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND STOCKHOLDERS’ EQUITY    
Accrued incentive compensation 52,226 29,762
Operating lease liabilities 113,391 120,847
Borrowings 199,267 199,050
Amounts payable under tax receivable agreements 364,048 398,789
Total liabilities 802,101 819,971
Commitments and contingencies
Redeemable noncontrolling interests 252,406 135,280
Additional paid-in capital 193,722 171,416
Retained earnings 132,126 93,088
Accumulated other comprehensive income (loss) (2,496) (3,079)
Total Artisan Partners Asset Management Inc. stockholders’ equity 324,151 262,221
Noncontrolling interests - Artisan Partners Holdings 27,200 17,136
Total stockholders’ equity 351,351 279,357
Total liabilities, redeemable noncontrolling interests, and stockholders’ equity 1,405,858 1,234,608
Consolidated Entity, Excluding VIE    
ASSETS    
Cash and cash equivalents 141,008 114,832
Investment securities 150,522 85,415
Accounts receivable and other 5,557 4,330
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND STOCKHOLDERS’ EQUITY    
Accounts payable, accrued expenses, and other 25,509 24,414
Variable Interest Entity, Primary Beneficiary    
ASSETS    
Cash and cash equivalents 37,459 28,416
Investment securities 364,095 255,743
Accounts receivable and other 13,343 4,977
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND STOCKHOLDERS’ EQUITY    
Accounts payable, accrued expenses, and other 38,080 26,358
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 24 26
Class C Common Stock    
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND STOCKHOLDERS’ EQUITY    
Common stock $ 90 $ 90