7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-06-30 2013-03-31 
      
    		                                                   
      cash flows from operating activities
    		                                                   
      net income before noncontrolling interests
    		86,473,000 95,988,000 77,335,000 87,514,000 104,185,000 71,248,000 86,704,000 92,800,000 73,428,000 73,775,000 71,801,000 66,295,000 52,480,000 47,173,000 82,437,000 107,659,000 113,366,000 118,881,000 104,618,000 108,460,000 84,693,000 71,707,000 43,643,000 69,454,000 62,212,000 59,973,000 49,818,000 48,164,000 66,717,000 67,645,000 71,664,000 840,000 58,509,000 48,833,000 42,555,000 43,820,000 45,387,000 43,476,000 40,318,000 49,254,000 50,148,000 59,258,000 53,446,000 59,515,000 63,125,000 63,923,000 52,187,000 62,142,000 56,090,000 47,030,000 -399,394,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                                                   
      depreciation and amortization
    		2,341,000 2,483,000 2,493,000 2,361,000 2,678,000 2,435,000 2,388,000 2,452,000 2,389,000 2,310,000 2,197,000 2,179,000 2,091,000 1,817,000 1,710,000 1,852,000 1,833,000 1,694,000 1,554,000 1,658,000 1,705,000 1,638,000 1,624,000 1,666,000 1,600,000 1,496,000 1,471,000 1,411,000 1,755,000 1,237,000 1,265,000 1,438,000 1,310,000 1,292,000 1,257,000 1,456,000 1,399,000 1,240,000 1,177,000 1,342,000 1,091,000 1,047,000 1,039,000 957,000 870,000 730,000 693,000 941,000 821,000 765,000 698,000 
      deferred income taxes
    		22,418,000 13,326,000 10,816,000 10,187,000 11,529,000 9,826,000 12,637,000 10,210,000 9,043,000 11,096,000 12,147,000 8,459,000 7,307,000 5,544,000 8,846,000 9,971,000 8,466,000 10,168,000 9,777,000 4,292,000 7,820,000 8,997,000 6,881,000 7,574,000 -15,215,000 7,504,000 7,493,000 5,395,000 5,761,000 6,455,000 7,252,000 365,831,000 10,981,000 8,947,000 9,657,000 8,877,000 8,236,000 8,729,000 8,118,000 8,390,000 370,000 8,337,000 -576,000 6,706,000 8,147,000 176,000 2,540,000 2,129,000 1,209,000 3,400,000 2,646,000 
      asset impairment
    		   0                0    0 0 104,000 2,003,000                         
      noncash lease expense
    		-480,000 -286,000 -38,000 -193,000 -229,000 164,000 -730,000 -84,000 20,000 -7,000 -171,000 594,000 705,000 716,000 -150,000 -659,000 -327,000 -673,000 -272,000 -224,000 -390,000 -96,000 -789,000 -135,000 498,000 425,000 745,000                         
      net investment (gain) loss on nonconsolidated investment securities
    		-11,922,000 -18,613,000 -3,817,000 3,215,000 -12,378,000 -176,000 -12,125,000 -11,612,000 4,240,000 -3,063,000 -8,728,000 -7,171,000 5,636,000 13,542,000 4,599,000 -85,000                                    
      net (gain) loss on the tax receivable agreements
    		   0    0    0 -431,000 0 -482,000 0    4,912,000    0    0    -290,418,000    0                
      (gain) loss on disposal of property and equipment
    		    0 0 29,000  0 0 2,000  36,000   3,000    9,000 0 2,000 -6,000                             
      amortization of debt issuance costs
    		62,000 109,000 110,000 110,000 60,000 109,000 110,000 109,000 111,000 111,000 111,000 111,000 93,000 118,000 118,000 117,000 68,000 118,000 118,000 118,000 68,000 118,000 118,000 118,000 116,000 115,000 114,000 114,000 114,000 115,000 114,000 116,000 112,000 112,000 112,000 112,000 112,000 112,000 112,000 112,000 112,000 112,000 112,000 112,000 112,000 112,000 112,000 112,000 112,000 112,000 112,000 
      share-based compensation
    		6,861,000 6,917,000 8,495,000 7,726,000 7,620,000 7,903,000 9,226,000 7,685,000 7,895,000 7,803,000 10,314,000 9,919,000 10,159,000 10,115,000 11,339,000 9,550,000 9,745,000 9,554,000 10,800,000 9,096,000 9,247,000 8,989,000 9,695,000 8,696,000 9,977,000 12,073,000 12,349,000 11,228,000 12,757,000 15,169,000 14,400,000 12,622,000 12,630,000 18,810,000 18,830,000 16,559,000 18,481,000 18,039,000 18,917,000 19,709,000 20,420,000 19,786,000 19,605,000 20,148,000 19,344,000 20,486,000 28,278,000 27,760,000 26,837,000 23,851,000 576,969,000 
      net investment (gain) loss of consolidated investment products
    		-8,738,000 -22,667,000 -7,101,000 -6,325,000 -23,165,000 -3,287,000 -19,184,000 -24,513,000 -9,787,000 -13,462,000 -14,940,000 -7,615,000 3,936,000 11,857,000 -1,188,000 -1,680,000 -2,824,000 -8,328,000 -6,916,000 -18,396,000 -7,798,000 -12,877,000 12,924,000 -5,076,000 -619,000 -2,043,000 -2,346,000 3,743,000 -238,000 -2,941,000 -6,285,000 -2,674,000                    
      purchase of investments by consolidated investment products
    		-160,430,000 -79,920,000 -68,812,000 -112,445,000 -102,768,000 -61,912,000 -99,938,000 -80,396,000 -81,657,000 -174,984,000 -69,281,000 -16,554,000 -136,706,000 -144,485,000 -37,902,000 -61,785,000 -46,815,000 -53,066,000 -90,733,000 -60,788,000 -63,330,000 -38,064,000 -29,092,000 -29,114,000 -23,163,000 -34,331,000 -36,758,000 -40,812,000 -30,519,000 -239,852,000 -332,365,000 -200,501,000                    
      proceeds from sale of investments by consolidated investment products
    		71,637,000 30,043,000 35,182,000 73,775,000 69,624,000 57,045,000 80,353,000 57,352,000 78,237,000 92,768,000 53,283,000 60,339,000 64,175,000 52,258,000 34,765,000 68,757,000 53,940,000 36,528,000 37,395,000 28,674,000 36,814,000 41,913,000 30,160,000 22,282,000 10,822,000 25,493,000 16,871,000 31,518,000 16,083,000 223,830,000 339,686,000 161,757,000                    
      change in assets and liabilities resulting in an increase in cash:
    		                                                   
      accounts receivable
    		-4,225,000 8,917,000 -3,228,000 -10,091,000 3,335,000 -3,254,000 -6,888,000 -2,107,000 -845,000 2,406,000 671,000 4,206,000 22,762,000 -3,702,000 -6,644,000 6,298,000 -494,000 -6,615,000 -15,151,000 -1,465,000 -4,317,000 2,603,000 -14,841,000 9,445,000 -4,105,000 -7,952,000 -11,566,000 9,128,000 0 -2,061,000 1,935,000 -3,021,000 -5,915,000 -4,358,000 -3,661,000 5,785,000 -2,700,000 -6,433,000 3,666,000 7,510,000 9,157,000 -10,314,000 2,950,000 -2,163,000 -2,513,000 -2,814,000 1,891,000 -4,363,000 -5,555,000 -2,362,000 -5,459,000 
      prepaid expenses and other assets
    		-530,000 2,099,000 -2,660,000 -92,000 125,000 614,000 519,000 -516,000 -1,629,000 1,456,000 604,000 821,000 6,550,000 -6,894,000 2,871,000 1,050,000 -3,571,000 8,305,000 -8,948,000 -1,614,000 -3,742,000 -11,516,000 10,762,000 1,036,000 632,000 225,000 -862,000 -1,392,000 985,000 -3,511,000 1,643,000 502,000 1,647,000 -2,109,000 1,589,000 -3,099,000 300,000 -932,000 -1,167,000 -803,000 35,000 -72,000 -1,774,000 19,000 -646,000 462,000 -1,442,000 -374,000 -2,010,000 681,000 -263,000 
      accounts payable and accrued expenses
    		39,352,000 11,843,000 92,698,000 -80,304,000 31,023,000 4,830,000 87,122,000 -72,667,000 13,788,000 13,500,000 72,772,000 -78,153,000 5,356,000 -1,319,000 90,574,000 -114,656,000 15,674,000 8,353,000 89,328,000 -77,148,000 6,868,000 19,173,000 52,729,000 -63,827,000 7,538,000 14,475,000 48,695,000 -68,479,000 4,389,000 6,799,000 67,318,000 -73,161,000 4,725,000 11,471,000 47,763,000 -57,451,000 4,733,000 8,051,000 41,147,000 -58,896,000 -2,215,000 8,474,000 52,321,000 -60,666,000 3,827,000 1,843,000 67,634,000 -74,293,000 7,368,000 10,086,000 54,434,000 
      net change in operating assets and liabilities of consolidated investment products including net investment income
    		-1,840,000 703,000 16,401,000 61,718,000 19,641,000 -9,661,000 6,796,000 11,511,000 -15,031,000                                           
      net cash from operating activities
    		40,422,000 50,942,000 157,874,000 37,172,000 112,763,000 75,884,000 147,019,000 -9,774,000 79,697,000 62,169,000 120,936,000 5,988,000 88,509,000 26,616,000 191,497,000 -5,617,000 144,661,000 66,731,000 192,776,000 19,956,000 94,783,000 83,441,000 120,497,000 31,210,000 78,946,000 88,783,000 93,854,000 5,075,000 87,288,000 73,635,000 167,324,000 -45,556,000 80,262,000 50,371,000 118,996,000 12,101,000 74,173,000 72,399,000 111,687,000 22,610,000 84,319,000 85,601,000 128,709,000 71,961,000 90,999,000 87,894,000 147,222,000 -5,592,000 71,248,000 75,511,000 -29,001,000 
      capex
    		-35,000 -63,000 -206,000 -464,000 -341,000 -649,000 -116,000 -1,672,000 -147,000 -92,000 -346,000 -1,353,000 -3,582,000 -618,000 -1,084,000 -644,000 -448,000 -935,000 -408,000 -677,000 -430,000 -311,000 -631,000 -540,000 -586,000 -1,088,000 -1,284,000 -1,236,000 -996,000 -301,000 -301,000 -266,000 -489,000 -470,000 -353,000 -170,000 679,000 -2,796,000 -646,000 -2,126,000 -493,000 -588,000 -587,000 -1,030,000 -1,337,000 -1,440,000 -990,000 -893,000 -526,000 -485,000 -455,000 
      free cash flows
    		40,387,000 50,879,000 157,668,000 36,708,000 112,422,000 75,235,000 146,903,000 -11,446,000 79,550,000 62,077,000 120,590,000 4,635,000 84,927,000 25,998,000 190,413,000 -6,261,000 144,213,000 65,796,000 192,368,000 19,279,000 94,353,000 83,130,000 119,866,000 30,670,000 78,360,000 87,695,000 92,570,000 3,839,000 86,292,000 73,334,000 167,023,000 -45,822,000 79,773,000 49,901,000 118,643,000 11,931,000 74,852,000 69,603,000 111,041,000 20,484,000 83,826,000 85,013,000 128,122,000 70,931,000 89,662,000 86,454,000 146,232,000 -6,485,000 70,722,000 75,026,000 -29,456,000 
      cash flows from investing activities
    		                                                   
      acquisition of property and equipment
    		-35,000 -63,000 -206,000 -464,000 -341,000 -649,000 -116,000 -1,672,000 -147,000 -92,000 -346,000 -1,353,000 -3,582,000 -618,000 -1,084,000 -644,000 -448,000 -935,000 -408,000 -677,000 -430,000 -311,000 -631,000 -540,000 -586,000 -1,088,000 -1,284,000 -1,236,000 -996,000 -301,000 -301,000 -266,000 -489,000 -470,000 -353,000 -170,000 679,000 -2,796,000 -646,000 -2,126,000 -493,000 -588,000 -587,000 -1,030,000 -1,337,000 -1,440,000 -990,000 -893,000 -526,000 -485,000 -455,000 
      leasehold improvements
    		-20,000 -25,000 -13,000 10,000 -173,000 -1,273,000 -1,746,000 -684,000 -1,695,000 -1,270,000 -2,725,000 -1,914,000 -3,125,000 -4,989,000 -2,893,000 -194,000 -616,000 -1,408,000 -1,314,000 -680,000 -152,000 -51,000 -167,000 -584,000 -1,808,000 -8,340,000 -3,554,000 -3,740,000 -5,106,000 -1,633,000 -528,000 -1,220,000 -1,569,000 -330,000 -1,138,000 -535,000 -3,379,000 -364,000 -65,000 -1,578,000 -366,000 -795,000 -802,000 -727,000 -2,155,000 -991,000 -949,000 -332,000 -68,000 -233,000 -199,000 
      proceeds from sale of investment securities
    		10,151,000 32,827,000 2,697,000 0 749,000 7,087,000 3,853,000 721,000 157,000 2,604,000 2,465,000 0 0 1,192,000 3,972,000 0 0 0 12,813,000 3,883,000 753,000 13,732,000 5,633,000         0 0 0 6,382,000 6,926,000 2,025,000   0 1,759,000   5,454,000        
      purchase of investment securities
    		-254,000 -3,000 -40,754,000 3,000 -3,000 -704,000 -31,103,000 0 157,000 -43,000 -35,597,000 0 -689,000 7,750,000 -56,398,000 0 0 0 -33,820,000 -1,000 -889,000 0 -1,260,000 0    -250,000    0 -2,000,000 -3,000,000 -250,000 -4,000,000 0   0 0   -10,000 -21,000 0 -10,000,000 0 0 -3,000,000 -2,000,000 
      net cash from investing activities
    		9,842,000 32,736,000 -38,276,000 -451,000 232,000 4,461,000 -29,112,000 -1,635,000 -1,528,000 1,199,000 -36,203,000 -3,267,000 -7,396,000 3,335,000 -56,403,000 -838,000 -1,064,000 -2,343,000 -22,729,000 2,525,000 -718,000 13,370,000 3,575,000 -836,000 -2,404,000 -9,428,000 -4,838,000 -5,226,000 -6,352,000 -1,934,000 -829,000 -1,486,000 -4,058,000 -3,800,000 4,641,000 2,481,000 -675,000 -3,164,000 -711,000 -3,704,000 936,000 -7,168,000 -1,389,000 3,687,000 2,903,000 -2,431,000 -11,935,000 15,707,000 -594,000 -3,718,000 -2,654,000 
      cash flows from financing activities
    		                                                   
      partnership distributions
    		-14,735,000 -15,854,000 -6,378,000 -15,473,000 -13,244,000 -16,085,000 -4,116,000 -14,391,000 -12,883,000 -14,131,000 -3,327,000 -13,478,000 -12,026,000 -20,527,000 -11,168,000 -25,300,000 -25,629,000 -30,387,000 -11,873,000 -25,560,000 -20,923,000 -22,246,000 -17,076,000 -24,690,000 -21,828,000 -25,733,000 -22,591,000 -25,016,000 -22,674,000 -33,061,000 -22,683,000 -33,935,000 -27,100,000 -38,239,000 -16,530,000 -38,543,000 -32,909,000 -43,095,000 -19,329,000 -47,001,000 -38,517,000 -54,552,000 -42,105,000 -53,283,000 -46,369,000 -74,181,000 -93,005,000 -64,688,000 -45,991,000 -13,577,000 -100,530,000 
      dividends paid
    		-51,811,000 -48,181,000 -94,697,000 -57,930,000 -50,093,000 -42,924,000 -71,009,000 -44,927,000 -42,159,000 -34,457,000 -61,835,000 -38,390,000 -41,067,000 -51,643,000 -117,596,000 -71,269,000 -65,390,000 -56,777,000 -81,304,000 -51,915,000 -41,399,000 -37,253,000 -72,439,000 -36,868,000 -33,913,000 -31,031,000 -86,366,000 -32,590,000 -32,553,000 -32,432,000 -70,205,000 -30,298,000 -30,123,000 -29,928,000 -40,672,000 -25,139,000 -25,341,000 -25,314,000 -39,590,000 -23,698,000 -23,640,000 -23,537,000 -53,073,000 -18,755,000 -17,900,000 -16,371,000 -46,778,000 -8,497,000    
      payment of debt issuance costs
    		           0            -58,000        99,000                    
      proceeds from issuance of notes payable
    		           0            0        0                    
      principal payments on notes payable
    		           0            0        0                    
      payments under the tax receivable agreements
    		-9,089,000   0 -8,761,000   0 -8,581,000                                           
      taxes paid related to employee net share settlement
    		0 -419,000 -8,545,000 0 0 0 -6,831,000 0 0 0 -6,758,000 -112,000 -334,000 0 -7,420,000 -87,000 -1,293,000 0 -7,866,000 0 0 0 -4,530,000 0 -254,000 0 -1,824,000 0 -759,000 0 -1,805,000 0 -547,000 0 -930,000 0 -428,000 0 -334,000 0    0        
      capital contributions to consolidated investment products
    		66,298,000 62,605,000 17,764,000 25,100,000 5,956,000 10,922,000 18,165,000 18,665,000 23,013,000 36,913,000 17,071,000 4,885,000 4,557,000 27,580,000 3,989,000 13,418,000 4,776,000 6,845,000 48,197,000 23,509,000 9,540,000 1,380,000 3,848,000 1,571,000 329,000 767,000 1,228,000 5,689,000 13,660,000 12,490,000 14,733,000  2,001,000                   
      net cash from financing activities
    		-19,685,000 -31,046,000 -91,856,000 -48,303,000 -66,142,000 -75,985,000 -63,791,000 -40,653,000 -40,610,000 -38,851,000 -54,849,000 -47,095,000 -57,410,000 -69,702,000 -132,195,000 -83,238,000 -94,955,000 -104,292,000 -52,948,000 -53,973,000 -59,407,000 -78,551,000 -90,303,000 -60,045,000 -61,963,000 -75,006,000 -109,553,000 -51,917,000 -51,186,000 -80,332,000 -80,048,000 -18,308,000 -63,826,000 -78,495,000 -58,232,000 -70,414,000 -58,678,000 -89,362,000 -59,253,000 -70,384,000 -83,048,000 -78,078,000 -94,495,000 -121,339,000 -69,503,000 -90,258,000 -138,755,000 -74,203,000 -52,131,000 -13,492,000 89,599,000 
      net increase in cash and cash equivalents
    		30,579,000 52,632,000 27,742,000                      14,579,000 4,349,000 -20,537,000 -52,068,000 29,750,000 -8,631,000 86,447,000 -65,350,000 12,378,000 -31,924,000 65,405,000 -55,832,000 14,820,000 -20,127,000 51,723,000 -51,478,000 2,207,000 355,000 32,825,000 -45,691,000 24,399,000 -4,795,000 -3,468,000 -64,088,000 18,523,000 58,301,000 57,944,000 
      net cash impact of deconsolidation of cips
    		0 0 -36,988,000  0 0 -3,996,000          0 0 -34,823,000         0                        
      cash and cash equivalents
    		55,229,000 32,039,000 212,890,000 -52,777,000 58,533,000 11,182,000 184,234,000 -57,300,000 33,283,000 14,397,000 150,628,000 -53,291,000 17,469,000 -36,857,000 187,511,000 -84,027,000 44,515,000 12,986,000 215,752,000 -45,446,000 9,578,000 20,106,000 170,749,000 -34,937,000 16,936,000 405,000 152,217,000 -50,968,000 21,073,000 -10,473,000 200,831,000                     
      beginning of period
    		0 0 268,218,000 0 0 0 178,467,000 0 0 0 143,248,000 0 0 0 200,771,000 0 0 0 199,450,000 0 0 0 144,255,000 0 0 0 175,535,000 0 0 0 159,796,000 0 0 0 156,777,000 0 0 0 166,193,000 0 0 0 182,284,000 0 0 0 211,839,000 0 0 0 141,159,000 
      end of period
    		30,579,000 52,632,000 258,972,000 -11,582,000 46,853,000 4,360,000 228,587,000 -52,062,000 32,880,000 24,517,000 173,132,000 -44,374,000 23,703,000 -39,751,000 203,670,000 -89,693,000 48,642,000 -39,904,000 281,726,000 -31,492,000 34,658,000 18,260,000 178,024,000 -29,671,000 14,579,000 4,349,000 154,998,000 -52,068,000 -10,009,000 -8,631,000 246,243,000 -65,350,000 12,378,000 -31,924,000 222,182,000 -55,832,000 14,820,000 -20,127,000 217,916,000 -51,478,000 2,207,000 355,000 215,109,000 -45,691,000 24,399,000 -4,795,000 208,371,000 -64,088,000 18,523,000 58,301,000 199,103,000 
      cash and cash equivalents as of the end of the period
    		                                                   
      cash and cash equivalents of consolidated investment products
    		-24,650,000 20,593,000 46,082,000 41,195,000 -11,680,000 -6,822,000 44,353,000 5,238,000 -403,000 10,120,000 22,504,000 9,546,000 6,234,000 -2,894,000 15,530,000 -5,666,000 4,127,000 -52,890,000 65,345,000 13,954,000 25,080,000 -1,846,000 6,646,000 5,266,000 -2,357,000 3,944,000 2,152,000 -1,100,000 -31,082,000 1,842,000 44,783,000                     
      supplementary information
    		                                                   
      noncash activity:
    		                                                   
      establishment of deferred tax assets
    		3,000 2,000 715,000 109,000 4,030,000 6,000 14,429,000 248,000 1,626,000 230,000 1,358,000 727,000 6,846,000 286,000 1,195,000 25,666,000 6,976,000 2,326,000 19,246,000 31,319,000 808,000 7,672,000 37,957,000 1,977,000 22,968,000 3,985,000 7,069,000 556,000 612,000 5,186,000 18,325,000 12,697,000 5,773,000 8,596,000 119,175,000 2,809,000 853,000 13,687,000 16,592,000  3,771,000 3,901,000 124,887,000  32,120,000 66,837,000 287,367,000     
      establishment of amounts payable under tax receivable agreements
    		0 0 526,000 62,000 2,460,000 -1,000 11,552,000 188,000 -372,000 182,000 1,018,000 542,000 5,268,000 221,000 440,000 21,003,000 5,473,000 1,931,000 15,802,000 26,485,000 492,000 6,257,000 30,853,000 1,599,000 20,474,000 3,505,000 5,389,000 620,000 341,000 4,288,000 15,054,000 9,243,000 4,678,000 7,210,000 99,189,000 1,017,000 870,000 11,403,000 12,190,000  3,431,000 3,114,000 100,840,000  27,654,000 54,132,000 244,262,000     
      increase in investment securities due to deconsolidation of cips
    		0 0 29,757,000  0 0 23,831,000      0 0 9,970,000  0 9,700,000 11,200,000  0 0 1,469,000                             
      operating lease assets obtained in exchange for operating lease liabilities
    		33,398,000 0 2,155,000  0    0 0 78,000  7,411,000 8,785,000 15,874,000  0 0 2,434,000      0 1,415,000 2,191,000                         
      settlement of franchise capital liability via transfer of investment securities
    		0 8,483,000 1,981,000 0 0 5,438,000 1,774,000 0 0 1,793,000 1,411,000                                         
      the accompanying notes are an integral part of the consolidated financial statements.
    		                                                   
      loss on disposal of property and equipment
    		                       144,000 3,000 111,000 17,000 7,000 4,000 2,000 5,000 49,000 2,000 4,000 14,000 50,000 24,000 12,000 22,000 14,000 9,000 7,000 10,000 13,000 198,000 146,000 5,000 10,000 0 5,000 1,000 
      net cash impact of deconsolidation of consolidated investment products
    		                                                   
      increase in investment securities due to deconsolidation of consolidated investment products
    		                                                   
      operating lease assets obtained in exchange for operating leases
    		                                                   
      cash paid for:
    		                                                   
      interest on borrowings
    		                                                   
      income tax
    		                                                   
      net increase in cash, cash equivalents, and restricted cash
    		    46,853,000 4,360,000 54,116,000  37,559,000 24,517,000 29,884,000  23,703,000 -39,751,000 2,899,000  48,642,000 -39,904,000 117,099,000  34,658,000 18,260,000 33,769,000                             
      cash, cash equivalents and restricted cash
    		    46,853,000 4,360,000 228,587,000 -52,062,000 32,880,000 24,517,000 173,132,000 -44,374,000 23,703,000 -39,751,000 203,670,000 -89,693,000 48,642,000 -39,904,000 281,726,000 -31,492,000 34,658,000 18,260,000 178,024,000 -29,671,000 14,579,000 4,349,000 154,998,000 -52,068,000 -10,009,000 -8,631,000 246,243,000                     
      cash, cash equivalents and restricted cash as of the end of the period
    		                                                   
      net proceeds from issuance of common stock
    		               0 0 0 46,928,000 0 0 0 63,027,000     0 0 0 21,478,000 0 0 0 162,494,000     0 0 0 176,558,000 0 0 0 554,129,000 296,756,000 0 0 356,579,000 
      payment of costs directly associated with the issuance of class a common stock
    		               0 -5,000 -137,000 -102,000 -7,000 0 -114,000 -106,000     0 0 -78,000 -88,000 0 0 -194,000 -100,000     0 -2,000 -349,000 -76,000 -9,000 -454,000 -1,562,000 -781,000 -1,003,000 0 0 -3,165,000 
      purchase of equity and subsidiary equity
    		               0 0 0 -46,928,000 0 0 0 -63,027,000     0 0 0 -21,478,000 0 0 0 -162,494,000      0           
      net increase in cash, cash equivalents and restricted cash
    		                                                   
      restricted cash
    		            0 0 629,000 0 0 0 629,000 0 0 0 629,000 0 0 0 629,000 0 0 0 629,000                     
      net change in operating assets and liabilities of consolidated investment products
    		          -9,846,000  44,360,000 39,874,000 604,000 -32,009,000 -6,141,000 -54,232,000 61,578,000 23,174,000 27,085,000 -7,982,000 -5,690,000 10,674,000 9,744,000 12,223,000 7,425,000 1,582,000 9,494,000 709,000 1,038,000 -19,170,000 4,755,000                   
      payment under the tax receivable agreements
    		           0 -7,997,000   0 -7,414,000   0 -6,625,000   0 -5,989,000   0 -8,860,000   0 -7,446,000    0               
      net investment (gain) loss on nonconsolidated seed investment securities
    		                 -3,956,000 -372,000 -802,000 -573,000                               
      net investment (gain) loss on unconsolidated seed investment securities
    		                      2,379,000                             
      net (gain) loss on seed investment securities
    		                          -1,615,000                         
      class b liability awards
    		                               0 0 0 -506,000 -3,674,000 -848,000 0 -574,000 -3,674,000 -847,000 -241,000 -3,920,000 -3,688,000 -848,000 -747,000 -3,459,000 -3,687,000 -847,000 -769,000 -226,177,000 
      net (gain) loss on unconsolidated seed investment securities
    		                        -651,000                           
      deferred lease obligations
    		                           2,564,000 1,204,000 343,000 -25,000 660,000 219,000 33,000 1,479,000 -47,000 503,000 87,000 -49,000 -32,000 58,000 0 -155,000 -152,000 -88,000 94,000 10,000 -66,000 -131,000 147,000 -71,000 
      artisan partners asset management inc.consolidated statements of cash flows, continued
    		                                                   
      unrealized net investment income
    		                                                   
      artisan partners asset management inc.unaudited consolidated statements of cash flows, continued
    		                                                   
      net investment income
    		                             -304,000 -321,000                     
      net (gain) loss on investment securities
    		                                                   
      excess tax benefit on share-based awards
    		                                       -316,000 169,000 -377,000 -776,000 -213,000 -184,000       
      change in restricted cash
    		                                       0    0        
      change in other liabilities
    		                                       -1,000 -11,000 -17,000 -17,000 -17,000 -17,000 -16,000 -16,000 -16,000 -16,000 -15,000 -16,000 
      net contributions (redemptions) attributable to redeemable noncontrolling interest
    		                                                   
      capital (gains) losses on the sale of investment securities
    		                                0                   
      (gains) losses of consolidated investment products
    		                                                   
      purchase of investment securities by consolidated investment products
    		                                                   
      proceeds from sale of investment securities by consolidated investment products
    		                                                   
      capital gains on the sale of investment securities
    		                                  -93,000  -804,000    -8,000           
      reinvested dividends
    		                                           -151,000        
      capital gains on the sale of investments
    		                                                   
      proceeds from sale of property and equipment
    		                                           0 0 0 4,000     
      payment of amounts owed under the tax receivable agreements
    		                                       0    0        
      purchase of preferred stock and subsidiary equity
    		                                          -176,558,000 0 0 0 -554,129,000     
      net income on the tax receivable agreements
    		                                       0 5,820,000 0 6,427,000 0 -284,000       
      net gain on the valuation of contingent value rights
    		                                               -9,210,000 -6,940,000 -8,620,000 -24,800,000 
      (gains) losses of launch equity
    		                                           1,925,000 557,000 884,000 598,000 -1,555,000 -5,499,000 1,210,000 -4,779,000 
      proceeds from sale of investments by launch equity
    		                                           54,716,000 23,956,000 12,310,000 56,880,000 33,016,000 62,197,000 29,550,000 22,204,000 
      purchase of investments by launch equity
    		                                           -42,674,000 -19,642,000 -9,862,000 -48,094,000 -32,248,000 -59,675,000 -26,632,000 -22,109,000 
      net change in operating assets and liabilities of launch equity
    		                                           37,447,000 -4,314,000 -3,603,000 -10,611,000 -768,000 -2,729,000 -2,943,000 -3,013,000 
      repayment under revolving credit facility
    		                                               0 0 0 -90,000,000 
      purchase of class a common units
    		                                               0 0 0 -76,319,000 
      capital invested into launch equity
    		                                           0 0 1,155,000 1,825,000 0 0 100,000 3,050,000 
      capital distributed by launch equity
    		                                                   
      issuance of preferred stock
    		                                               0 0 0 74,748,000 
      establishment of deferred tax assets - ipo
    		                                                   
      establishment of amounts payable under tax receivable agreements - ipo
    		                                                   
      establishment of deferred tax assets - post-ipo
    		                                                   
      establishment of amounts payable under tax receivable agreements - post-ipo
    		                                                   
      establishment of contingent value rights
    		                                                   
      loss on interest rate swap
    		                                                   
      loss on debt extinguishment
    		                                                   
      interest rate swap
    		                                                   
      principle payments on note payable
    		                                                   
      proceeds from draw on revolving credit facility
    		                                                   
      interest on interest rate swap
    		                                                   
      establishment of deferred tax assets - follow-on
    		                                                   
      establishment of amounts payable under tax receivable agreements - follow-on
    		                                                   
      contribution of securities in-kind into launch equity
    		                                                   
      supplemental cash flow information:
    		                                                   
      principal payments on note payable
    		                                                   
      initial establishment of deferred tax assets
    		                                                0 0 70,862,000 
      initial establishment of amounts payable under tax receivable agreements
    		                                                0 0 53,449,000 
      initial establishment of contingent value rights
    		                                                0 0 55,440,000 
      
    		                                                   
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.