XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.2
Unaudited Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue from contract with customers $ 282,749 $ 270,818 $ 559,896 $ 535,169
Total revenues 282,749 270,818 559,896 535,169
Operating Expenses        
Compensation and benefits 165,876 146,790 321,037 296,670
Distribution, servicing and marketing 6,730 6,395 13,162 12,786
Occupancy 7,308 7,521 14,686 14,802
Communication and technology 13,584 13,106 26,467 26,608
General and administrative 9,479 10,361 18,237 20,015
Total operating expenses 202,977 184,173 393,589 370,881
Total operating income 79,772 86,645 166,307 164,288
Non-operating income (expense)        
Interest expense 2,179 2,194 4,233 4,255
Interest income on cash and cash equivalents and other 1,976 2,072 3,919 3,850
Total non-operating income (expense) 41,077 3,341 51,884 34,367
Income before income taxes 120,849 89,986 218,191 198,655
Provision for income taxes 24,861 18,738 44,868 40,703
Net income before noncontrolling interests 95,988 71,248 173,323 157,952
Less: Net income attributable to noncontrolling interests - Artisan Partners Holdings 13,433 11,419 25,342 24,354
Less: Net income (loss) attributable to noncontrolling interests - consolidated investment products 15,000 2,255 19,287 16,543
Net income attributable to Artisan Partners Asset Management Inc. $ 67,555 $ 57,574 $ 128,694 $ 117,055
Basic earnings per share (in dollars per share) $ 0.94 $ 0.80 $ 1.78 $ 1.66
Diluted earnings per share (in dollars per share) $ 0.94 $ 0.80 $ 1.78 $ 1.66
Basic weighted average number of common shares outstanding (in shares) 65,645,108 64,960,740 65,509,947 64,640,358
Diluted weighted average number of common shares outstanding (in shares) 65,645,108 64,998,499 65,509,947 64,676,873
Dividends declared per Class A common share (in dollars per share) $ 0.68 $ 0.61 $ 2.02 $ 1.63
Variable Interest Entity, Primary Beneficiary        
Non-operating income (expense)        
Net investment gain (loss) $ 22,667 $ 3,287 $ 29,768 $ 22,471
Consolidated Entity Excluding Variable Interest Entities (VIE)        
Non-operating income (expense)        
Net investment gain (loss) 18,613 176 22,430 12,301
Consolidated Investment Products        
Non-operating income (expense)        
Less: Net income (loss) attributable to noncontrolling interests - consolidated investment products 15,000 2,255 19,287 16,543
Management fees        
Revenue from contract with customers 282,749 270,797 559,896 535,119
Performance fees        
Revenue from contract with customers $ 0 $ 21 $ 0 $ 50