XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.2
Unaudited Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Accounts receivable $ 110,953 $ 101,169
Property and equipment, net 45,402 46,638
Deferred tax assets 428,501 436,529
Prepaid expenses and other assets 18,745 20,348
Operating lease assets 91,229 94,747
Total assets 1,505,282 1,405,858
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND STOCKHOLDERS’ EQUITY    
Accrued incentive compensation 139,986 52,226
Borrowings 199,349 199,267
Operating lease liabilities 109,169 113,391
Amounts payable under tax receivable agreements 347,701 364,048
Total liabilities 857,158 802,101
Commitments and contingencies
Redeemable noncontrolling interests 276,420 252,406
Additional paid-in capital 207,664 193,722
Retained earnings 135,316 132,126
Accumulated other comprehensive income (loss) (2,614) (2,496)
Total Artisan Partners Asset Management Inc. stockholders’ equity 341,169 324,151
Noncontrolling interests - Artisan Partners Holdings 30,535 27,200
Total stockholders’ equity 371,704 351,351
Total liabilities, redeemable noncontrolling interests, and stockholders’ equity 1,505,282 1,405,858
Consolidated Entity, Excluding VIE    
ASSETS    
Cash and cash equivalents 195,416 141,008
Investment securities 201,217 150,522
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND STOCKHOLDERS’ EQUITY    
Accounts payable, accrued expenses, and other 22,232 25,509
Variable Interest Entity, Primary Beneficiary    
ASSETS    
Cash and cash equivalents 37,531 37,459
Investment securities 362,701 364,095
Accounts receivable and other 13,587 13,343
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND STOCKHOLDERS’ EQUITY    
Accounts payable, accrued expenses, and other 23,278 38,080
Investment liabilities, at fair value 15,443 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