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Unaudited Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue from contract with customers $ 270,818 $ 242,903 $ 535,169 $ 477,412
Total revenues 270,818 242,903 535,169 477,412
Operating Expenses        
Compensation and benefits 146,790 130,433 296,670 261,945
Distribution, servicing and marketing 6,395 6,016 12,786 11,633
Occupancy 7,521 7,232 14,802 14,262
Communication and technology 13,106 12,991 26,608 25,421
General and administrative 10,361 9,529 20,015 19,142
Total operating expenses 184,173 166,201 370,881 332,403
Total operating income 86,645 76,702 164,288 145,009
Non-operating income (expense)        
Interest expense (2,194) (2,167) (4,255) (4,223)
Interest income on cash and cash equivalents and other 2,072 1,160 3,850 1,684
Total non-operating income (expense) 3,341 15,519 34,367 37,660
Income before income taxes 89,986 92,221 198,655 182,669
Provision for income taxes 18,738 18,446 40,703 37,093
Net income before noncontrolling interests 71,248 73,775 157,952 145,576
Less: Net income attributable to noncontrolling interests - Artisan Partners Holdings 11,419 12,137 24,354 24,174
Less: Net income (loss) attributable to noncontrolling interests - consolidated investment products 2,255 8,013 16,543 17,024
Net income attributable to Artisan Partners Asset Management Inc. $ 57,574 $ 53,625 $ 117,055 $ 104,378
Basic earnings per share (in dollars per share) $ 0.80 $ 0.76 $ 1.66 $ 1.50
Diluted earnings per share (in dollars per share) $ 0.80 $ 0.76 $ 1.66 $ 1.50
Basic weighted average number of common shares outstanding (in shares) 64,960,740 63,503,389 64,640,358 63,368,343
Diluted weighted average number of common shares outstanding (in shares) 64,998,499 63,520,040 64,676,873 63,384,352
Dividends declared per Class A common share (in dollars per share) $ 0.61 $ 0.50 $ 1.63 $ 1.40
Variable Interest Entity, Primary Beneficiary        
Non-operating income (expense)        
Net investment gain (loss) $ 3,287 $ 13,462 $ 22,471 $ 28,402
Consolidated Entity Excluding Variable Interest Entities (VIE)        
Non-operating income (expense)        
Net investment gain (loss) 176 3,064 12,301 11,797
Management fees        
Revenue from contract with customers 270,797 242,849 535,119 477,289
Performance fees        
Revenue from contract with customers $ 21 $ 54 $ 50 $ 123