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Unaudited Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Accounts receivable $ 113,382 $ 101,169
Property and equipment, net 45,857 46,638
Deferred tax assets 438,321 436,529
Prepaid expenses and other assets 20,043 20,348
Operating lease assets 91,417 94,747
Total assets 1,516,001 1,405,858
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND STOCKHOLDERS’ EQUITY    
Accrued incentive compensation 129,762 52,226
Borrowings 199,308 199,267
Operating lease liabilities 109,809 113,391
Amounts payable under tax receivable agreements 375,599 364,048
Total liabilities 898,972 802,101
Commitments and contingencies
Redeemable noncontrolling interests 263,243 252,406
Additional paid-in capital 201,519 193,722
Retained earnings 120,644 132,126
Accumulated other comprehensive income (loss) (2,628) (2,496)
Total Artisan Partners Asset Management Inc. stockholders’ equity 320,338 324,151
Noncontrolling interests - Artisan Partners Holdings 33,448 27,200
Total stockholders’ equity 353,786 351,351
Total liabilities, redeemable noncontrolling interests, and stockholders’ equity 1,516,001 1,405,858
Consolidated Entity, Excluding VIE    
ASSETS    
Cash and cash equivalents 184,234 141,008
Investment securities 206,686 150,522
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND STOCKHOLDERS’ EQUITY    
Accounts payable, accrued expenses, and other 33,032 25,509
Variable Interest Entity, Primary Beneficiary    
ASSETS    
Cash and cash equivalents 44,353 37,459
Investment securities 361,708 364,095
Accounts receivable and other 10,000 13,343
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND STOCKHOLDERS’ EQUITY    
Accounts payable, accrued expenses, and other 44,337 38,080
Investment liabilities, at fair value 7,125 9,580
Class A Common Stock    
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND STOCKHOLDERS’ EQUITY    
Common stock 699 685
Class B Common Stock    
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND STOCKHOLDERS’ EQUITY    
Common stock 17 24
Class C Common Stock    
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND STOCKHOLDERS’ EQUITY    
Common stock $ 87 $ 90