Victory Capital Holdings, Inc(NASDAQ:VCTR)

Victory Capital Holdings, Inc., together with its subsidiaries, operates as an asset management company worldwide. It offers investment management, fund administration, fund compliance, fund transfer agent, and fund distribution services. The company provides specialized investment strategies to ins...
Website: http://www.vcm.com
Full Time Employees: 358
Sector: Financial Services
Industry: Asset Management
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At a glance:
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 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 |
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revenue | |||||||||||||||||||||||||||||||||
yoy | |||||||||||||||||||||||||||||||||
qoq | |||||||||||||||||||||||||||||||||
investment management fees | 316,369,000 | 301,353,000 | 288,509,000 | 282,306,000 | 173,301,000 | 183,826,000 | 177,809,000 | 173,163,000 | 169,785,000 | 160,677,000 | 163,953,000 | 159,410,000 | 156,836,000 | 156,346,000 | 160,770,000 | 168,129,000 | 179,465,000 | 124,918,000 | 171,355,000 | 168,033,000 | 160,284,000 | 147,883,000 | 137,240,000 | 130,032,000 | 146,881,000 | 158,943,000 | 155,406,000 | 78,042,000 | 74,411,000 | 82,030,000 | 92,525,000 | 88,998,000 | 89,130,000 |
fund administration and distribution fees | 71,620,000 | 72,769,000 | 72,686,000 | 68,906,000 | 46,301,000 | 48,545,000 | 47,819,000 | 46,458,000 | 46,072,000 | 45,117,000 | 45,735,000 | 44,816,000 | 44,484,000 | 45,169,000 | 46,490,000 | 47,877,000 | 50,554,000 | 40,367,750 | 54,935,000 | 53,871,000 | 52,665,000 | 52,505,000 | 51,416,000 | 51,854,000 | 57,540,000 | 59,611,000 | 59,574,000 | 13,318,000 | 13,068,000 | 13,937,000 | 15,557,000 | 15,401,000 | 15,834,000 |
total revenue | 387,989,000 | 374,122,000 | 361,195,000 | 351,212,000 | 219,602,000 | 232,371,000 | 225,628,000 | 219,621,000 | 215,857,000 | 205,794,000 | 209,688,000 | 204,226,000 | 201,320,000 | 201,515,000 | 207,260,000 | 216,006,000 | 230,019,000 | 165,285,750 | 226,290,000 | 221,904,000 | 212,949,000 | 200,388,000 | 188,656,000 | 181,886,000 | 204,421,000 | 218,554,000 | 214,980,000 | 91,360,000 | 87,479,000 | 95,967,000 | 108,082,000 | 104,399,000 | 104,964,000 |
expenses | |||||||||||||||||||||||||||||||||
personnel compensation and benefits | 105,855,000 | 100,954,000 | 96,983,000 | 108,918,000 | 56,136,000 | 58,857,000 | 43,243,000 | 55,660,000 | 59,454,000 | 53,949,000 | 54,501,000 | 54,940,000 | 57,602,000 | 58,846,000 | 56,869,000 | 57,582,000 | 64,901,000 | 43,076,250 | 55,837,000 | 57,462,000 | 59,006,000 | 36,012,750 | 47,375,000 | 49,105,000 | 47,571,000 | 31,399,750 | 55,556,000 | 35,542,000 | 34,501,000 | 27,992,500 | 38,027,000 | 37,140,000 | 36,803,000 |
distribution and other asset-based expenses | 67,410,000 | 68,315,000 | 66,160,000 | 62,039,000 | 35,477,000 | 36,924,000 | 36,828,000 | 36,474,000 | 36,263,000 | 36,438,000 | 38,160,000 | 37,344,000 | 37,654,000 | 37,634,000 | 39,019,000 | 40,868,000 | 43,584,000 | 32,796,250 | 44,859,000 | 44,223,000 | 42,103,000 | 33,903,250 | 39,123,000 | 41,630,000 | 54,860,000 | 22,287,750 | 57,202,000 | 16,182,000 | 15,767,000 | 18,389,250 | 24,269,000 | 24,127,000 | 25,161,000 |
general and administrative | 20,615,000 | 22,147,000 | 23,463,000 | 23,381,000 | 14,328,000 | 14,268,000 | 14,029,000 | 14,385,000 | 14,012,000 | 16,702,000 | 13,947,000 | 13,250,000 | 12,388,000 | 13,389,000 | 12,301,000 | 13,921,000 | 12,762,000 | 10,204,500 | 13,795,000 | 13,713,000 | 13,310,000 | 9,593,250 | 13,196,000 | 13,289,000 | 11,888,000 | 7,957,000 | 17,654,000 | 7,087,000 | 7,087,000 | 5,773,750 | 6,951,000 | 7,088,000 | 9,056,000 |
depreciation and amortization | 20,576,000 | 21,593,000 | 22,032,000 | 21,794,000 | 7,432,000 | 7,514,000 | 7,510,000 | 7,551,000 | 7,601,000 | 7,984,000 | 12,333,000 | 9,650,000 | 11,680,000 | 11,150,000 | 10,686,000 | 10,758,000 | 10,607,000 | 3,364,000 | 4,377,000 | 4,694,000 | 4,385,000 | 3,038,000 | 3,936,000 | 4,166,000 | 4,050,000 | 4,563,250 | 7,768,000 | 5,263,000 | 5,222,000 | 4,479,250 | 5,574,000 | 5,931,000 | 6,412,000 |
change in value of consideration payable for acquisition of business | 3,537,000 | 3,064,000 | 3,841,000 | 1,092,000 | 3,406,000 | 294,000 | -1,600,000 | -8,200,000 | 12,200,000 | 4,000,000 | 10,336,000 | 1,500,000 | 7,400,000 | -10,500,000 | -26,600,000 | -3,500,000 | 2,650,000 | 2,400,000 | 5,700,000 | 2,500,000 | 450,000 | 2,000,000 | 5,300,000 | -5,500,000 | -3,500 | -14,000 | |||||||
acquisition-related costs | 7,658,000 | 570,000 | 379,000 | 25,780,000 | 8,750,000 | 2,135,000 | 5,075,000 | 3,049,000 | 1,026,000 | 83,000 | 116,000 | 16,000 | 2,000 | 85,000 | 189,000 | 143,000 | 117,000 | 1,566,250 | 6,007,000 | 422,000 | -164,000 | 264,000 | 1,148,000 | -23,000 | -69,000 | 5,487,500 | 16,386,000 | 2,787,000 | 2,777,000 | 361,500 | 1,451,000 | ||
restructuring and integration costs | 3,153,000 | 4,304,000 | 10,211,000 | 13,994,000 | 1,165,000 | 634,000 | 180,000 | 105,000 | 492,000 | 320,000 | 246,000 | 29,000 | 808,000 | 56,000 | 8,000 | 9,000 | 623,250 | 18,000 | 422,000 | 2,053,000 | 1,222,000 | 1,285,000 | 2,605,000 | 998,000 | 1,657,250 | 4,841,000 | 1,788,000 | 175,500 | 438,000 | 264,000 | |||
total operating expenses | 228,804,000 | 220,947,000 | 223,069,000 | 256,998,000 | 126,694,000 | 120,626,000 | 105,265,000 | 109,024,000 | 131,048,000 | 119,476,000 | 129,639,000 | 116,700,000 | 126,755,000 | 121,912,000 | 108,620,000 | 96,680,000 | 128,480,000 | 94,280,500 | 127,293,000 | 126,636,000 | 123,193,000 | 84,483,250 | 108,063,000 | 116,072,000 | 113,798,000 | 73,349,000 | 159,407,000 | 68,635,000 | 65,354,000 | 57,170,750 | 76,272,000 | 74,715,000 | 77,696,000 |
income from operations | 159,185,000 | 153,175,000 | 138,126,000 | 94,214,000 | 92,908,000 | 111,745,000 | 120,363,000 | 110,597,000 | 84,809,000 | 86,318,000 | 80,049,000 | 87,526,000 | 74,565,000 | 79,603,000 | 98,640,000 | 119,326,000 | 101,539,000 | 71,005,250 | 98,997,000 | 95,268,000 | 89,756,000 | 77,683,000 | 80,593,000 | 65,814,000 | 90,623,000 | 64,197,000 | 55,573,000 | 22,725,000 | 22,125,000 | 25,757,000 | 31,810,000 | 29,684,000 | 27,268,000 |
yoy | 71.34% | 37.08% | 14.76% | -14.81% | 9.55% | 29.46% | 50.36% | 26.36% | 13.74% | 8.44% | -18.85% | -26.65% | -26.57% | 12.11% | -0.36% | 25.25% | 13.13% | -8.60% | 22.84% | 44.75% | -0.96% | 21.01% | 45.02% | 189.61% | 309.60% | 149.24% | 74.70% | -23.44% | -18.86% | ||||
qoq | 3.92% | 10.90% | 46.61% | 1.41% | -16.86% | -7.16% | 8.83% | 30.41% | -1.75% | 7.83% | -8.54% | 17.38% | -6.33% | -19.30% | -17.34% | 17.52% | 43.00% | -28.28% | 3.91% | 6.14% | 15.54% | -3.61% | 22.46% | -27.38% | 41.16% | 15.52% | 144.55% | 2.71% | -14.10% | -19.03% | 7.16% | 8.86% | |
operating margin % | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% |
other income | |||||||||||||||||||||||||||||||||
interest income and other income | 2,756,000 | 3,713,000 | 4,875,000 | 6,006,000 | 704,000 | 1,768,000 | 3,551,000 | 1,557,000 | 3,565,000 | 3,765,000 | 1,452,000 | 1,971,000 | 1,544,000 | 2,633,000 | -1,446,000 | -3,443,000 | -207,000 | 1,136,750 | -119,000 | 1,932,000 | 2,734,000 | -21,500 | 1,120,000 | 2,966,000 | -4,172,000 | 1,307,750 | 2,742,000 | 656,000 | 1,833,000 | -57,250 | -200,000 | 8,000 | |
interest expense and other financing costs | -14,081,000 | -15,229,000 | -13,113,000 | -13,234,000 | -13,211,000 | -14,657,000 | -16,414,000 | -16,279,000 | -16,486,000 | -16,561,000 | -15,580,000 | -14,902,000 | -14,239,000 | -13,327,000 | -11,479,000 | -9,925,000 | -9,233,000 | -4,713,250 | -5,853,000 | -6,155,000 | -6,845,000 | -7,326,250 | -8,187,000 | -9,710,000 | -11,408,000 | -6,500,000 | -16,856,000 | -4,520,000 | -4,624,000 | -4,064,000 | -4,458,000 | -4,706,000 | |
total other income | -11,325,000 | -12,921,000 | -12,695,000 | -10,995,000 | -6,892,000 | -7,044,500 | -21,523,000 | -3,864,000 | -2,791,000 | -5,635,750 | -4,658,000 | -4,698,000 | |||||||||||||||||||||
income before income taxes | 147,860,000 | 141,659,000 | 129,274,000 | 86,986,000 | 80,401,000 | 98,593,000 | 107,500,000 | 95,775,000 | 71,888,000 | 73,522,000 | 65,921,000 | 74,595,000 | 61,870,000 | 69,148,000 | 85,346,000 | 104,995,000 | 90,544,000 | 66,279,750 | 92,356,000 | 89,899,000 | 82,864,000 | 72,576,000 | 72,768,000 | 59,207,000 | 73,989,000 | 48,443,000 | 34,050,000 | 18,861,000 | 19,334,000 | 18,692,000 | 27,152,000 | 24,986,000 | 14,081,000 |
income tax expense | -35,720,000 | -28,847,000 | -32,733,000 | -28,252,000 | -18,426,000 | -21,654,000 | -25,517,000 | -21,524,000 | -16,197,000 | -18,316,000 | -13,914,000 | -17,924,000 | -12,597,000 | -16,879,000 | -12,582,000 | -25,790,000 | -19,271,000 | -14,118,000 | -18,181,000 | -20,629,000 | -17,662,000 | -12,084,250 | -17,027,000 | -14,487,000 | -16,823,000 | -4,335,750 | -8,058,000 | -4,478,000 | -4,807,000 | -4,107,500 | -6,562,000 | -6,311,000 | |
net income | 112,140,000 | 112,812,000 | 96,541,000 | 58,734,000 | 61,975,000 | 76,939,000 | 81,983,000 | 74,251,000 | 55,691,000 | 55,206,000 | 52,007,000 | 56,671,000 | 49,273,000 | 52,269,000 | 72,764,000 | 79,205,000 | 71,273,000 | 52,161,750 | 74,175,000 | 69,270,000 | 65,202,000 | 54,895,000 | 55,741,000 | 44,720,000 | 57,166,000 | 37,589,000 | 25,992,000 | 14,383,000 | 14,527,000 | 13,915,000 | 20,590,000 | 18,675,000 | 10,524,000 |
yoy | 80.94% | 46.63% | 17.76% | -20.90% | 11.28% | 39.37% | 57.64% | 31.02% | 13.03% | 5.62% | -28.53% | -28.45% | -30.87% | 0.21% | -1.90% | 14.34% | 9.31% | -4.98% | 33.07% | 54.90% | 14.06% | 46.04% | 114.45% | 210.92% | 293.52% | 170.13% | 26.24% | -22.98% | 38.04% | ||||
qoq | -0.60% | 16.85% | 64.37% | -5.23% | -19.45% | -6.15% | 10.41% | 33.33% | 0.88% | 6.15% | -8.23% | 15.01% | -5.73% | -28.17% | -8.13% | 11.13% | 36.64% | -29.68% | 7.08% | 6.24% | 18.78% | -1.52% | 24.64% | -21.77% | 52.08% | 44.62% | 80.71% | -0.99% | 4.40% | -32.42% | 10.25% | 77.45% | |
net income margin % | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% |
preferred stock dividends | -9,769,000 | -9,769,000 | -9,696,000 | -9,673,000 | |||||||||||||||||||||||||||||
net income attributable to preferred stockholders | -16,846,000 | -14,860,000 | -12,528,000 | -2,985,000 | |||||||||||||||||||||||||||||
net income attributable to common stockholders | 85,525,000 | ||||||||||||||||||||||||||||||||
earnings per share of common stock | |||||||||||||||||||||||||||||||||
basic | 1.34 | 1.36 | 1.12 | 0.69 | 0.97 | 1.19 | 1.26 | 1.15 | 0.86 | 0.84 | 0.79 | 0.85 | 0.73 | 0.77 | 1.06 | 1.16 | 1.04 | 0.77 | 1.09 | 1.02 | 0.96 | 0.583 | 0.82 | 0.66 | 0.84 | 0.203 | 0.38 | 0.21 | 0.22 | 0.19 | 0.3 | ||
diluted | 1.33 | 1.35 | 1.11 | 0.68 | 0.96 | 1.17 | 1.24 | 1.12 | 0.84 | 0.82 | 0.77 | 0.83 | 0.71 | 0.74 | 1.01 | 1.09 | 0.97 | 0.703 | 1 | 0.93 | 0.88 | 0.535 | 0.76 | 0.61 | 0.77 | 0.188 | 0.35 | 0.2 | 0.2 | 0.178 | 0.29 | ||
weighted-average number of shares outstanding | |||||||||||||||||||||||||||||||||
basic | 63,635 | 65,439 | 66,206 | 67,239 | 63,711 | 64,607 | 64,875 | 64,734 | 64,389 | 66,202 | 65,774 | 66,466 | 67,288 | 68,481 | 68,609 | 68,521 | 68,747 | 67,980 | 67,776 | 67,761 | 67,743 | 67,821 | 67,790 | 67,724 | 67,583 | 67,520,883 | 67,972,313 | ||||||
diluted | 64,388 | 66,376 | 66,964 | 67,980 | 64,714 | 65,928 | 66,057 | 66,075 | 65,972 | 68,214 | 67,676 | 68,500 | 69,727 | 72,266 | 71,877 | 72,867 | 73,652 | 74,053 | 74,166 | 74,108 | 73,437 | 73,204 | 74,350 | 73,671 | 73,521 | 72,281,878 | 71,863,566 | ||||||
dividends declared per share of common stock | 0.49 | 0.49 | 0.49 | 0.49 | 0.47 | 0.44 | 0.41 | 0.37 | 0.335 | 0.32 | 0.32 | 0.32 | 0.32 | 0.25 | 0.25 | 0.25 | 0.25 | 0.09 | 0.15 | 0.12 | 0.09 | 0.04 | 0.06 | 0.05 | 0.05 | 0.013 | 0.05 | ||||||
loss on debt extinguishment | -614,000 | -263,000 | -100,000 | 239,000 | -369,000 | -963,000 | -1,555,000 | -1,149,000 | -669,000 | -2,781,000 | -418,750 | -758,000 | -1,054,000 | -1,852,250 | -7,409,000 | -1,514,500 | |||||||||||||||||
total other expense | -7,146,750 | -8,852,000 | -7,228,000 | -12,507,000 | -10,151,500 | -12,863,000 | -14,822,000 | -9,938,500 | -14,128,000 | -12,931,000 | -9,655,000 | -13,294,000 | -14,331,000 | -4,725,500 | -6,641,000 | -5,369,000 | -7,766,500 | -7,825,000 | -6,607,000 | -16,634,000 | |||||||||||||
net income attributable to common shareholders | 88,183,000 | 74,317,000 | 46,076,000 | ||||||||||||||||||||||||||||||
gain on debt extinguishment | -1,146,000 | 137,000 | |||||||||||||||||||||||||||||||
earnings per share - basic | 0.27 | 0.17 | |||||||||||||||||||||||||||||||
earnings per share - diluted | 0.26 | 0.16 | |||||||||||||||||||||||||||||||
weighted-average shares outstanding - basic | 67,948,732 | 61,599,057 | |||||||||||||||||||||||||||||||
weighted-average shares outstanding - diluted | 72,135,290 | 66,283,621 | |||||||||||||||||||||||||||||||
dividends declared per share |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 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 |
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assets | |||||||||||||||||||||||||||||||||
cash and cash equivalents | 75,849,000 | 163,690,000 | 115,741,000 | 107,870,000 | 175,607,000 | 126,731,000 | 188,248,000 | 118,970,000 | 79,937,000 | 123,547,000 | 107,987,000 | 43,780,000 | 38,335,000 | 38,171,000 | 66,669,000 | 42,718,000 | 38,550,000 | 69,533,000 | 64,740,000 | 31,622,000 | 30,386,000 | 22,744,000 | 56,284,000 | 55,184,000 | 37,130,000 | 37,121,000 | 78,963,000 | 23,410,000 | 66,261,000 | 51,491,000 | 25,139,000 | 15,162,000 | 12,296,000 |
receivables | 197,584,000 | 176,985,000 | 205,240,000 | 95,823,000 | 96,922,000 | 100,660,000 | 97,211,000 | 95,174,000 | 92,964,000 | 85,368,000 | 87,534,000 | 90,900,000 | 93,713,000 | 103,180,000 | 98,684,000 | 91,924,000 | 79,196,000 | 74,805,000 | 77,610,000 | 86,446,000 | 44,184,000 | 42,783,000 | 50,421,000 | 51,813,000 | 54,763,000 | ||||||||
prepaid expenses | 20,146,000 | 16,071,000 | 12,749,000 | 12,242,000 | 8,868,000 | 8,634,000 | 7,932,000 | 6,979,000 | 7,269,000 | 5,785,000 | 6,458,000 | 7,028,000 | 11,561,000 | 8,443,000 | 7,321,000 | 7,760,000 | 7,914,000 | 6,654,000 | 5,569,000 | 6,230,000 | 6,776,000 | 6,082,000 | 5,335,000 | 6,252,000 | 6,709,000 | 4,852,000 | 4,606,000 | 3,738,000 | 3,832,000 | 2,664,000 | 2,494,000 | 2,855,000 | 4,102,000 |
investments, at fair value | 82,779,000 | 97,864,000 | 95,788,000 | 34,511,000 | 34,743,000 | 33,759,000 | 33,524,000 | 29,858,000 | 29,991,000 | 28,869,000 | 28,908,000 | 29,498,000 | 32,388,000 | 29,801,000 | 29,566,000 | 26,931,000 | |||||||||||||||||
property and equipment | 22,407,000 | 23,833,000 | 25,823,000 | 28,038,000 | 11,124,000 | 11,874,000 | 13,720,000 | 15,599,000 | 17,552,000 | 19,578,000 | 21,203,000 | 22,485,000 | 19,646,000 | 21,146,000 | 23,124,000 | 24,609,000 | 24,760,000 | 25,295,000 | 23,686,000 | 24,290,000 | 20,699,000 | 18,747,000 | 18,741,000 | 16,009,000 | 14,028,000 | 13,240,000 | 11,317,000 | 9,438,000 | 8,874,000 | 8,780,000 | 8,632,000 | 8,975,000 | 8,776,000 |
goodwill | 1,235,940,000 | 1,235,940,000 | 1,235,940,000 | 1,232,800,000 | 981,805,000 | 981,805,000 | 981,805,000 | 981,805,000 | 981,805,000 | 981,805,000 | 981,805,000 | 981,805,000 | 981,805,000 | 981,805,000 | 981,805,000 | 981,805,000 | 981,805,000 | 981,805,000 | 404,750,000 | 404,750,000 | 404,750,000 | 404,750,000 | 404,750,000 | 404,750,000 | 404,750,000 | 404,750,000 | 391,515,000 | 284,108,000 | 284,108,000 | 284,108,000 | 284,108,000 | 284,108,000 | 284,108,000 |
other intangible assets | 2,459,532,000 | 2,477,617,000 | 2,496,267,000 | 2,515,005,000 | 1,255,351,000 | 1,260,614,000 | 1,265,901,000 | 1,271,200,000 | 1,276,500,000 | 1,281,832,000 | 1,287,542,000 | 1,297,574,000 | 1,304,927,000 | 1,314,637,000 | 1,323,828,000 | 1,332,484,000 | 1,341,140,000 | 1,349,797,000 | 1,154,235,000 | 1,156,919,000 | 1,160,089,000 | 1,162,641,000 | 1,165,763,000 | 1,168,885,000 | 1,172,305,000 | 1,175,471,000 | 1,198,361,000 | 378,378,000 | 383,029,000 | 387,679,000 | 392,331,000 | 397,130,000 | 402,325,000 |
operating lease right-of-use assets | 46,524,000 | ||||||||||||||||||||||||||||||||
other assets | 804,000 | 50,164,000 | 51,100,000 | 52,464,000 | 20,397,000 | 22,053,000 | 22,854,000 | 12,309,000 | 12,400,000 | 10,691,000 | 61,778,000 | 62,794,000 | 57,752,000 | 64,958,000 | 69,936,000 | 57,796,000 | 52,322,000 | 10,633,000 | 5,069,000 | 4,014,000 | 8,115,000 | 4,090,000 | 4,305,000 | 3,448,000 | 3,600,000 | 3,706,000 | 3,441,000 | 9,097,000 | 9,299,000 | 9,349,000 | 8,519,000 | 7,735,000 | 6,532,000 |
total assets | 4,141,565,000 | 4,247,850,000 | 4,212,469,000 | 4,249,447,000 | 2,583,486,000 | 2,547,591,000 | 2,612,125,000 | 2,541,281,000 | 2,506,198,000 | 2,542,616,000 | 2,591,805,000 | 2,538,421,000 | 2,528,263,000 | 2,540,899,000 | 2,589,125,000 | 2,567,570,000 | 2,572,592,000 | 2,579,746,000 | 1,791,030,000 | 1,756,075,000 | 1,749,670,000 | 1,730,729,000 | 1,753,991,000 | 1,747,840,000 | 1,731,763,000 | 1,753,309,000 | 1,791,642,000 | 841,095,000 | 813,928,000 | 801,511,000 | 786,201,000 | 781,244,000 | 785,145,000 |
liabilities and stockholders' equity | |||||||||||||||||||||||||||||||||
accounts payable and accrued expenses | 103,705,000 | 72,387,000 | 79,471,000 | 83,907,000 | 71,064,000 | 57,951,000 | 61,256,000 | 54,528,000 | 62,022,000 | 56,477,000 | 59,552,000 | 57,438,000 | 58,823,000 | 50,862,000 | 50,145,000 | 45,737,000 | 47,587,000 | 62,102,000 | 54,058,000 | 51,153,000 | 56,428,000 | 56,313,000 | 78,265,000 | 79,111,000 | 102,078,000 | 29,879,000 | 24,410,000 | 16,854,000 | 17,356,000 | 25,396,000 | |||
accrued compensation and benefits | 60,262,000 | 86,355,000 | 78,846,000 | 72,980,000 | 42,361,000 | 51,648,000 | 45,595,000 | 54,020,000 | 48,521,000 | 55,456,000 | 52,167,000 | 46,177,000 | 42,975,000 | 58,458,000 | 52,951,000 | 48,308,000 | 43,388,000 | 53,905,000 | 44,536,000 | 38,885,000 | 34,892,000 | 47,278,000 | 40,859,000 | 33,944,000 | 33,544,000 | 54,842,000 | 44,629,000 | 21,559,000 | 19,901,000 | 30,228,000 | 30,326,000 | 23,771,000 | 21,031,000 |
consideration payable for acquisition of business | 51,158,000 | 87,564,000 | 84,500,000 | 80,659,000 | 143,300,000 | 139,894,000 | 139,600,000 | 141,200,000 | 149,400,000 | 217,200,000 | 249,636,000 | 239,300,000 | 237,800,000 | 230,400,000 | 267,900,000 | 278,400,000 | 305,553,000 | 309,380,000 | 103,100,000 | 100,700,000 | 95,000,000 | 92,500,000 | 120,500,000 | 118,500,000 | 113,200,000 | 118,700,000 | 102,800,000 | 6,017,000 | 5,921,000 | 5,838,000 | 5,788,000 | 10,133,000 | 9,997,000 |
deferred tax liability | 486,656,000 | 479,792,000 | 477,872,000 | 466,247,000 | 163,435,000 | 157,120,000 | 152,335,000 | 142,418,000 | 133,258,000 | 128,714,000 | 124,995,000 | 119,757,000 | 111,217,000 | 108,138,000 | 103,394,000 | 90,914,000 | 76,176,000 | 63,120,000 | 56,914,000 | 51,022,000 | 47,411,000 | 37,684,000 | 28,117,000 | 14,785,000 | 11,134,000 | 5,486,000 | 9,522,000 | 9,286,000 | 7,575,000 | 6,212,000 | 7,153,000 | 4,409,000 | 5,582,000 |
operating lease liabilities | 43,775,000 | ||||||||||||||||||||||||||||||||
other liabilities | 68,148,000 | 46,373,000 | 120,694,000 | 114,855,000 | 53,997,000 | 20,871,000 | 56,016,000 | 44,579,000 | 45,658,000 | 11,225,000 | 40,996,000 | 42,272,000 | 42,454,000 | 15,317,000 | 47,883,000 | 48,534,000 | 53,085,000 | 2,576,000 | 30,858,000 | 30,620,000 | 27,911,000 | 12,002,000 | 32,768,000 | 30,273,000 | 25,047,000 | 4,363,000 | 20,000,000 | 17,616,000 | 16,636,000 | 1,759,000 | 15,803,000 | 16,929,000 | 13,878,000 |
long-term debt | 968,024,000 | 970,014,000 | 971,988,000 | 965,674,000 | 964,763,000 | 963,862,000 | 982,661,000 | 981,724,000 | 990,206,000 | 989,269,000 | 988,323,000 | 987,376,000 | 986,440,000 | 985,514,000 | 999,843,000 | 1,017,496,000 | 1,060,529,000 | 1,127,924,000 | 633,897,000 | 667,539,000 | 722,652,000 | 769,009,000 | 815,877,000 | 857,233,000 | 888,647,000 | 924,539,000 | 1,005,928,000 | 269,787,000 | 269,320,000 | 268,857,000 | 268,383,000 | 287,907,000 | 310,435,000 |
total liabilities | 1,781,728,000 | 1,823,121,000 | 1,813,371,000 | 1,784,322,000 | 1,438,920,000 | 1,425,954,000 | 1,437,463,000 | 1,418,469,000 | 1,429,065,000 | 1,489,615,000 | 1,515,669,000 | 1,492,320,000 | 1,479,709,000 | 1,475,489,000 | 1,522,116,000 | 1,529,389,000 | 1,586,318,000 | 1,649,819,000 | 923,363,000 | 939,919,000 | 984,294,000 | 1,023,188,000 | 1,094,434,000 | 1,133,000,000 | 1,150,683,000 | 1,215,438,000 | 1,284,957,000 | 354,144,000 | 343,763,000 | 345,963,000 | 344,307,000 | 360,505,000 | 386,319,000 |
stockholders' equity | |||||||||||||||||||||||||||||||||
common stock, 0.01 par value per share... | 884,000 | 879,000 | 877,000 | 877,000 | 844,000 | 839,000 | 837,000 | 835,000 | 832,000 | 824,000 | 822,000 | 817,000 | 815,000 | 805,000 | 803,000 | 784,000 | 779,000 | 772,000 | |||||||||||||||
preferred stock, 0.01 par value per share... | 200,000 | 199,000 | 198,000 | 197,000 | |||||||||||||||||||||||||||||
additional paid-in capital | 2,112,191,000 | 2,102,938,000 | 2,097,188,000 | 2,086,837,000 | 756,420,000 | 752,371,000 | 746,917,000 | 741,490,000 | 735,517,000 | 728,283,000 | 723,252,000 | 717,208,000 | 711,478,000 | 705,466,000 | 699,242,000 | 685,543,000 | 678,812,000 | 673,572,000 | 665,898,000 | 659,920,000 | 653,973,000 | 647,602,000 | 641,467,000 | 636,386,000 | 632,468,000 | 624,766,000 | 617,469,000 | 610,685,000 | 606,181,000 | 604,401,000 | 599,875,000 | 595,191,000 | 591,038,000 |
treasury stock | -930,356,000 | -786,008,000 | -734,638,000 | -607,244,000 | -584,051,000 | -574,856,000 | -470,727,000 | -464,944,000 | -457,539,000 | -444,286,000 | -384,462,000 | -377,670,000 | -329,984,000 | -243,901,000 | -193,701,000 | -171,954,000 | |||||||||||||||||
accumulated other comprehensive income | 8,642,000 | 9,020,000 | 9,326,000 | 12,779,000 | 15,707,000 | 18,683,000 | 21,955,000 | 25,024,000 | 28,164,000 | 31,328,000 | 34,220,000 | 34,287,000 | 30,374,000 | 35,442,000 | 37,121,000 | 27,175,000 | 22,171,000 | 5,972,000 | 1,571,000 | 351,000 | 3,311,000 | -20,000 | -12,000 | -86,000 | 63,000 | 47,000 | 98,000 | ||||||
retained earnings | 1,168,276,000 | 1,097,701,000 | 1,026,147,000 | 971,679,000 | 955,646,000 | 924,600,000 | 875,680,000 | 820,407,000 | 770,159,000 | 736,852,000 | 702,304,000 | 671,459,000 | 635,871,000 | 609,122,000 | 573,744,000 | 518,380,000 | 456,466,000 | 402,811,000 | 344,748,000 | 281,344,000 | 220,302,000 | 161,581,000 | 111,404,000 | 60,141,000 | 18,860,000 | ||||||||
total stockholders' equity | 2,359,837,000 | 2,424,729,000 | 2,399,098,000 | 2,465,125,000 | 1,144,566,000 | 1,121,637,000 | 1,174,662,000 | 1,122,812,000 | 1,077,133,000 | 1,053,001,000 | 1,076,136,000 | 1,046,101,000 | 1,048,554,000 | 1,065,410,000 | 1,067,009,000 | 1,038,181,000 | 986,274,000 | 929,927,000 | 867,667,000 | 816,156,000 | 765,376,000 | 707,541,000 | 659,557,000 | 614,840,000 | 581,080,000 | 537,871,000 | 506,685,000 | 486,951,000 | 470,165,000 | 455,548,000 | 441,894,000 | 420,739,000 | |
total liabilities and stockholders' equity | 4,141,565,000 | 4,247,850,000 | 4,212,469,000 | 4,249,447,000 | 2,583,486,000 | 2,547,591,000 | 2,612,125,000 | 2,541,281,000 | 2,506,198,000 | 2,542,616,000 | 2,591,805,000 | 2,538,421,000 | 2,528,263,000 | 2,540,899,000 | 2,589,125,000 | 2,567,570,000 | 2,572,592,000 | 2,579,746,000 | 1,791,030,000 | 1,756,075,000 | 1,749,670,000 | 1,730,729,000 | 1,753,991,000 | 1,747,840,000 | 1,731,763,000 | 1,753,309,000 | 1,791,642,000 | 841,095,000 | 813,928,000 | 801,511,000 | 786,201,000 | 781,244,000 | |
investment management fees receivable | 150,512,000 | 83,307,000 | 71,888,000 | 68,347,000 | 80,634,000 | 67,957,000 | 74,321,000 | 37,980,000 | |||||||||||||||||||||||||
fund administration and distribution fees receivable | 25,861,000 | 16,014,000 | 14,238,000 | 14,379,000 | 17,123,000 | 16,971,000 | 19,313,000 | 3,153,000 | |||||||||||||||||||||||||
other receivables | 4,768,000 | 1,346,000 | 1,444,000 | 1,747,000 | 6,548,000 | 3,254,000 | 1,459,000 | 2,987,000 | |||||||||||||||||||||||||
investments in proprietary funds, at fair value | 636,000 | 605,000 | 534,000 | 466,000 | 912,000 | 922,000 | |||||||||||||||||||||||||||
deferred compensation plan investments, at fair value | 98,758,000 | 34,608,000 | 31,274,000 | 26,800,000 | 30,812,000 | 22,571,000 | |||||||||||||||||||||||||||
deferred compensation plan liability | 80,636,000 | 34,608,000 | 31,274,000 | 26,800,000 | 30,812,000 | 22,571,000 | 18,305,000 | 12,719,000 | |||||||||||||||||||||||||
commitments and contingencies | |||||||||||||||||||||||||||||||||
class a treasury stock | -285,425,000 | -153,200,000 | -69,565,000 | -63,290,000 | -54,966,000 | -47,844,000 | -42,488,000 | -33,104,000 | -25,918,000 | -21,524,000 | -16,440,000 | -11,337,000 | -9,389,000 | -8,045,000 | -3,542,000 | -720,000 | |||||||||||||||||
class b common stock, 0.01 par value per share... | 563,000 | 558,000 | 556,000 | 548,000 | 544,000 | 545,000 | 545,000 | 539,000 | 537,000 | 544,000 | 550,000 | 553,000 | 556,000 | 570,000 | 571,000 | ||||||||||||||||||
class b treasury stock, at cost: 2021 - 0 shares; 2020 - 3,430,757 shares | |||||||||||||||||||||||||||||||||
class a common stock, 0.01 par value per share... | 201,000 | 198,000 | 196,000 | 194,000 | 193,000 | 187,000 | 185,000 | 181,000 | 178,000 | 165,000 | 157,000 | 153,000 | 148,000 | 130,000 | 129,000 | ||||||||||||||||||
class b treasury stock, at cost: 2021 - 4,414,166 shares; 2020 - 3,430,757 shares | -75,749,000 | ||||||||||||||||||||||||||||||||
class b treasury stock, at cost: 2021 - 4,021,123 shares; 2020 - 3,430,757 shares | -62,925,000 | ||||||||||||||||||||||||||||||||
class b treasury stock, at cost: 2021 - 3,861,707 shares; 2020 - 3,430,757 shares | -57,996,000 | ||||||||||||||||||||||||||||||||
accounts payable | 1,358,000 | 271,000 | 607,000 | ||||||||||||||||||||||||||||||
accrued expenses | 40,786,000 | 88,932,000 | 19,743,000 | ||||||||||||||||||||||||||||||
class b treasury stock, at cost: 2020 - 3,430,757 shares; 2019 - 2,655,882 shares | -47,080,000 | ||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -7,460,000 | -8,987,000 | -8,403,000 | -4,887,000 | -45,000 | ||||||||||||||||||||||||||||
investments | 19,617,000 | 18,507,000 | 15,631,000 | 16,993,000 | 16,825,000 | 15,742,000 | 14,557,000 | 13,466,000 | 12,243,000 | ||||||||||||||||||||||||
class b treasury stock, at cost: 2020 - 3,234,610 shares; 2019 - 2,655,882 shares | -42,576,000 | ||||||||||||||||||||||||||||||||
class b treasury stock, at cost: 2020 - 3,143,649 shares; 2019 - 2,655,882 shares | -40,912,000 | ||||||||||||||||||||||||||||||||
class b treasury stock, at cost: 2020 - 3,100,942 shares; 2019 - 2,655,882 shares | -40,173,000 | ||||||||||||||||||||||||||||||||
available-for-sale securities, at fair value | 771,000 | 601,000 | |||||||||||||||||||||||||||||||
trading securities, at fair value | 18,305,000 | 12,719,000 | |||||||||||||||||||||||||||||||
class b treasury stock, at cost: 2019 - 2,655,882 shares; 2018 - 2,146,980 shares | -31,386,000 | ||||||||||||||||||||||||||||||||
retained deficit | -34,705,000 | -68,853,000 | -90,926,000 | -105,285,000 | -119,709,000 | -133,487,000 | -153,580,000 | ||||||||||||||||||||||||||
class b treasury stock, at cost: 2019 - 2,400,337 shares; 2018 - 2,146,980 shares | -26,161,000 | ||||||||||||||||||||||||||||||||
restricted cash | 71,917,000 | ||||||||||||||||||||||||||||||||
class b treasury stock, at cost: 2019 - 2,183,837 shares; 2018 - 2,146,980 shares | -22,160,000 | ||||||||||||||||||||||||||||||||
class b treasury stock, at cost: 2019 - 2,176,088 shares; 2018 - 2,146,980 shares | -22,037,000 | ||||||||||||||||||||||||||||||||
stockholders' equity: | |||||||||||||||||||||||||||||||||
class b treasury stock, at cost: 2018 - 2,146,980 shares; 2017 - 2,064,057 shares | -21,719,000 | -21,719,000 | |||||||||||||||||||||||||||||||
class b treasury stock, at cost: 2018 and 2017 - 2,064,057 shares | -20,899,000 | ||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity | |||||||||||||||||||||||||||||||||
stockholders’ equity: | |||||||||||||||||||||||||||||||||
total stockholders’ equity | 398,826,000 | ||||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 785,145,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | |||||||||||||||||||||||||||||||||
net income | 112,140,000 | 112,812,000 | 96,541,000 | 58,734,000 | 61,975,000 | 76,939,000 | 81,983,000 | 74,251,000 | 55,691,000 | 55,206,000 | 52,007,000 | 56,671,000 | 49,273,000 | 52,269,000 | 72,764,000 | 79,205,000 | 71,273,000 | 69,742,000 | 74,175,000 | 69,270,000 | 65,202,000 | 54,895,000 | 55,741,000 | 44,720,000 | 57,166,000 | 37,589,000 | 25,992,000 | 14,383,000 | 14,527,000 | 13,915,000 | 20,590,000 | 18,675,000 | 10,524,000 |
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||
provision for deferred income taxes | 6,984,000 | 2,073,000 | 12,737,000 | 12,168,000 | 7,275,000 | 5,865,000 | 10,910,000 | 10,175,000 | 5,566,000 | 4,307,000 | 5,229,000 | 7,307,000 | 4,696,000 | 5,315,000 | 9,306,000 | 13,139,000 | 7,894,000 | 5,493,000 | 4,354,000 | 6,269,000 | 9,160,000 | 13,532,000 | 4,725,000 | 7,182,000 | -4,055,000 | 235,000 | 1,715,000 | 1,360,000 | -835,000 | 2,746,000 | -1,156,000 | 3,361,000 | |
depreciation and amortization | 20,576,000 | 21,593,000 | 22,032,000 | 21,794,000 | 7,432,000 | 7,514,000 | 7,510,000 | 7,551,000 | 7,601,000 | 7,984,000 | 12,333,000 | 9,650,000 | 11,680,000 | 11,150,000 | 10,686,000 | 10,758,000 | 10,607,000 | 5,384,000 | 4,377,000 | 4,694,000 | 4,385,000 | 4,229,000 | 3,936,000 | 4,166,000 | 4,050,000 | 5,620,000 | 7,768,000 | 5,263,000 | 5,222,000 | 5,360,000 | 5,574,000 | 5,931,000 | 6,412,000 |
deferred financing costs, accretion expense and derivative gains/losses | 79,000 | 82,000 | -3,461,000 | -3,104,000 | -3,068,000 | -3,122,000 | -3,122,000 | -3,052,000 | -3,097,000 | ||||||||||||||||||||||||
share-based and deferred compensation | 13,395,000 | ||||||||||||||||||||||||||||||||
change in fair value of contingent consideration obligations | 3,537,000 | 3,064,000 | 3,841,000 | 1,092,000 | 3,406,000 | 294,000 | -1,600,000 | -8,200,000 | 12,200,000 | 4,000,000 | 10,336,000 | 1,500,000 | 7,400,000 | 0 | -10,500,000 | -26,600,000 | -3,500,000 | 3,200,000 | 2,400,000 | 5,700,000 | 2,500,000 | 9,500,000 | 2,000,000 | 5,300,000 | -5,500,000 | 19,900,000 | 0 | ||||||
unrealized depreciation (appreciation) on investments | -907,000 | -2,657,000 | -4,338,000 | 835,000 | 452,000 | -2,720,000 | -837,000 | -2,702,000 | 4,971,000 | -1,458,000 | 3,133,000 | -139,000 | -246,000 | 124,000 | |||||||||||||||||||
noncash lease expense | 79,000 | 228,000 | 162,000 | 120,000 | 82,000 | -126,000 | -123,000 | -91,000 | -51,000 | 67,000 | 102,000 | 94,000 | |||||||||||||||||||||
changes in operating assets and liabilities: | |||||||||||||||||||||||||||||||||
receivables | -16,443,000 | 26,016,000 | -63,259,000 | 4,289,000 | 3,738,000 | -4,377,000 | -10,459,000 | -2,190,000 | -7,025,000 | -1,466,000 | 3,362,000 | 9,209,000 | 4,210,000 | -4,489,000 | -3,570,000 | -6,730,000 | -3,757,000 | 2,805,000 | 16,439,000 | -11,300,000 | 261,000 | -327,000 | 2,267,000 | 1,999,000 | 1,104,000 | ||||||||
prepaid expenses | -4,076,000 | -3,322,000 | -507,000 | 2,338,000 | -271,000 | -702,000 | -953,000 | 290,000 | -1,484,000 | 674,000 | 570,000 | 2,190,000 | -3,118,000 | -1,122,000 | 440,000 | 153,000 | -1,260,000 | -818,000 | 661,000 | 547,000 | -695,000 | -747,000 | 917,000 | 457,000 | -1,857,000 | -186,000 | -868,000 | 94,000 | -1,181,000 | -171,000 | 361,000 | ||
other assets | 666,000 | -1,231,000 | 520,000 | 665,000 | 666,000 | -182,000 | -72,000 | -239,000 | -240,000 | 49,760,000 | -221,000 | -1,216,000 | -783,000 | -1,802,000 | -1,454,000 | -6,000 | -80,000 | 0 | 0 | -25,000 | 32,000 | -18,000 | -793,000 | -47,000 | -101,000 | 3,000 | -270,000 | 425,000 | |||||
accounts payable and accrued expenses | 30,241,000 | -8,168,000 | -8,225,000 | -15,197,000 | 13,836,000 | -5,240,000 | 6,993,000 | -6,848,000 | 6,625,000 | -2,722,000 | 3,000,000 | -3,096,000 | 8,484,000 | 1,198,000 | 5,250,000 | -7,858,000 | -8,819,000 | 8,827,000 | 4,908,000 | -7,866,000 | 13,573,000 | -21,545,000 | -855,000 | -11,760,000 | 66,179,000 | 2,849,000 | 5,685,000 | -467,000 | -4,386,000 | 2,166,000 | |||
accrued compensation and benefits | -26,082,000 | 8,072,000 | 5,886,000 | -9,542,000 | -18,155,000 | 6,361,000 | -8,832,000 | 6,034,000 | -7,953,000 | 4,245,000 | 5,154,000 | 5,894,000 | -18,173,000 | 6,995,000 | 5,916,000 | 5,004,000 | -13,487,000 | 10,292,000 | 5,742,000 | 4,101,000 | -14,987,000 | 6,374,000 | 6,887,000 | 3,109,000 | -23,990,000 | 10,199,000 | 17,172,000 | 1,660,000 | -10,331,000 | 74,000 | 6,386,000 | ||
other liabilities | -19,235,000 | 27,244,000 | -3,564,000 | -22,041,000 | -868,000 | 1,374,000 | -1,186,000 | -415,000 | -302,000 | -265,000 | 8,000 | -109,000 | -68,000 | 73,000 | 3,000 | -801,000 | -146,000 | 508,000 | -499,000 | 536,000 | -490,000 | -358,000 | -1,644,000 | -437,000 | 239,000 | 1,344,000 | 1,646,000 | -39,000 | -80,000 | 256,000 | -3,086,000 | 3,138,000 | 138,000 |
net cash from operating activities | 120,954,000 | 145,076,000 | 165,907,000 | -6,592,000 | 81,094,000 | 91,811,000 | 99,780,000 | 79,704,000 | 68,684,000 | 97,101,000 | 91,628,000 | 77,406,000 | 64,156,000 | 67,092,000 | 103,064,000 | 90,242,000 | 74,813,000 | 112,135,000 | 99,889,000 | 84,538,000 | 79,634,000 | 67,896,000 | 61,809,000 | 68,989,000 | 51,922,000 | 59,699,000 | 118,407,000 | 31,340,000 | 17,938,000 | 34,448,000 | 40,305,000 | 33,720,000 | 25,872,000 |
capital expenditures | -849,000 | -599,000 | -1,079,000 | -890,000 | -1,589,000 | -155,000 | -398,000 | -225,000 | -500,000 | -796,000 | -1,801,000 | -2,000,000 | -572,000 | -959,000 | -1,376,000 | -1,734,000 | -1,176,000 | -4,376,000 | -2,731,000 | -5,174,000 | -393,000 | -1,013,000 | -1,766,000 | -4,572,000 | -708,000 | -2,319,000 | -2,028,000 | -408,000 | -484,000 | -804,000 | -434,000 | 0 | 0 |
free cash flows | 120,105,000 | 144,477,000 | 164,828,000 | -7,482,000 | 79,505,000 | 91,656,000 | 99,382,000 | 79,479,000 | 68,184,000 | 96,305,000 | 89,827,000 | 75,406,000 | 63,584,000 | 66,133,000 | 101,688,000 | 88,508,000 | 73,637,000 | 107,759,000 | 97,158,000 | 79,364,000 | 79,241,000 | 66,883,000 | 60,043,000 | 64,417,000 | 51,214,000 | 57,380,000 | 116,379,000 | 30,932,000 | 17,454,000 | 33,644,000 | 39,871,000 | 33,720,000 | 25,872,000 |
cash flows from investing activities | |||||||||||||||||||||||||||||||||
purchases of property and equipment | -849,000 | -599,000 | -1,079,000 | -890,000 | -1,589,000 | -155,000 | -398,000 | -225,000 | -500,000 | -796,000 | -1,801,000 | -2,000,000 | -572,000 | -959,000 | -1,376,000 | -1,734,000 | -1,176,000 | -4,376,000 | -2,731,000 | -5,174,000 | -393,000 | -1,013,000 | -1,766,000 | -4,572,000 | -708,000 | -2,319,000 | -2,028,000 | -408,000 | -484,000 | -804,000 | -434,000 | ||
purchases of investments | -41,297,000 | -8,822,000 | -28,874,000 | -1,526,000 | -8,362,000 | -1,170,000 | -709,000 | -5,070,000 | -1,347,000 | -2,945,000 | -7,653,000 | -7,678,000 | -2,365,000 | -3,852,000 | -2,937,000 | -2,626,000 | -945,000 | ||||||||||||||||
sales of investments | 58,820,000 | 9,403,000 | 55,992,000 | 1,431,000 | 8,692,000 | 790,000 | 299,000 | 4,522,000 | 971,000 | 1,971,000 | 7,024,000 | 6,932,000 | 1,249,000 | 3,247,000 | 2,111,000 | 1,909,000 | 16,000 | 180,000 | 448,000 | ||||||||||||||
net cash from investing activities | 16,674,000 | -1,082,000 | -458,000 | 79,800,000 | -1,684,000 | -2,396,000 | -68,000 | -605,000 | -910,000 | -1,570,000 | -2,349,000 | -2,376,000 | -1,546,000 | 1,340,000 | -505,000 | -3,033,000 | -4,119,000 | -545,556,000 | -3,715,000 | -6,177,000 | -1,140,000 | -1,820,000 | -3,589,000 | -4,697,000 | -2,234,000 | -3,924,000 | -843,377,000 | -1,064,000 | -1,447,000 | -3,894,000 | -2,363,000 | ||
cash flows from financing activities | |||||||||||||||||||||||||||||||||
issuance of common stock | 1,847,000 | 118,000 | 342,000 | 831,000 | 549,000 | 1,684,000 | 1,718,000 | 2,209,000 | 3,272,000 | 874,000 | 2,154,000 | 1,490,000 | 1,770,000 | 1,672,000 | 9,366,000 | 1,771,000 | 1,302,000 | ||||||||||||||||
repurchase of common stock | -127,229,000 | -50,692,000 | -118,510,000 | -25,964,000 | -451,000 | -96,856,000 | -1,632,000 | -2,144,000 | -2,946,000 | -57,478,000 | -1,909,000 | -45,470,000 | -34,442,000 | -39,685,000 | -32,130,000 | -19,170,000 | -10,193,000 | -5,661,000 | -8,183,000 | -10,028,000 | -7,661,000 | -7,054,000 | -9,764,000 | -7,037,000 | -6,020,000 | -6,193,000 | -5,816,000 | -1,883,000 | -1,643,000 | -4,497,000 | -2,961,000 | ||
payments of taxes related to net share settlement of equity awards | -16,045,000 | -2,171,000 | -8,696,000 | -885,000 | -7,455,000 | -3,873,000 | -5,797,000 | -9,284,000 | -2,778,000 | -4,141,000 | -4,088,000 | -7,687,000 | -3,170,000 | -19,341,000 | -3,183,000 | -5,373,000 | -4,585,000 | -11,026,000 | -3,469,000 | -7,614,000 | -2,964,000 | -1,265,000 | -3,449,000 | -4,431,000 | -4,162,000 | -3,261,000 | -40,000 | -196,000 | 0 | ||||
payments of long-term senior debt | -2,463,000 | -2,463,000 | |||||||||||||||||||||||||||||||
payment of dividends | -41,565,000 | -41,258,000 | -42,073,000 | -43,704,000 | -29,926,000 | -28,126,000 | -26,603,000 | -24,003,000 | -22,384,000 | -20,658,000 | -21,162,000 | -21,497,000 | -22,110,000 | -17,073,000 | -17,388,000 | -17,358,000 | -17,381,000 | -11,750,000 | -10,771,000 | -8,245,000 | -6,393,000 | -4,718,000 | -4,510,000 | -3,518,000 | -3,490,000 | -3,452,000 | -3,919,000 | -24,000 | -41,000 | -137,000 | -497,000 | ||
payment of consideration for acquisition | -39,943,000 | 0 | 0 | 0 | -80,000,000 | 0 | 1,000 | ||||||||||||||||||||||||||
net cash from financing activities | -225,398,000 | -96,031,000 | -157,474,000 | -141,266,000 | -30,713,000 | -150,753,000 | -30,601,000 | -40,067,000 | -111,342,000 | -80,040,000 | -25,058,000 | -69,565,000 | -62,469,000 | -97,108,000 | -78,493,000 | -82,940,000 | -101,645,000 | 438,202,000 | -63,015,000 | -77,136,000 | -70,834,000 | -99,689,000 | -57,176,000 | -46,258,000 | -49,573,000 | -97,692,000 | 708,646,000 | -1,196,000 | -1,742,000 | -4,193,000 | -27,955,000 | ||
effect of changes of foreign exchange rate on cash and cash equivalents | -71,000 | -14,000 | -104,000 | 321,000 | 179,000 | -179,000 | 167,000 | 1,000 | -42,000 | 69,000 | -14,000 | -20,000 | 23,000 | 178,000 | -115,000 | -101,000 | -32,000 | 12,000 | -41,000 | 11,000 | -18,000 | 73,000 | 56,000 | 20,000 | -106,000 | 75,000 | -40,000 | -14,000 | 21,000 | -9,000 | -10,000 | -85,000 | 39,000 |
net increase in cash and cash equivalents | -87,841,000 | 48,876,000 | -61,517,000 | 69,278,000 | 39,033,000 | -43,610,000 | 15,560,000 | 64,207,000 | 5,445,000 | 164,000 | -28,498,000 | 23,951,000 | 4,168,000 | -30,983,000 | 4,793,000 | 33,118,000 | 1,236,000 | 7,642,000 | -33,540,000 | 1,100,000 | 18,054,000 | 9,000 | -41,842,000 | -16,364,000 | 29,066,000 | 14,770,000 | 26,352,000 | 9,977,000 | |||||
cash and cash equivalents, beginning of period | 163,690,000 | 0 | 0 | 0 | 126,731,000 | 0 | 0 | 0 | 123,547,000 | 0 | 0 | 0 | 38,171,000 | 0 | 0 | 0 | 69,533,000 | 0 | 0 | 0 | 22,744,000 | 0 | 0 | 0 | 37,121,000 | 0 | 51,491,000 | 0 | 0 | 0 | 12,921,000 | ||
cash and cash equivalents, end of period | 75,849,000 | 47,949,000 | 7,871,000 | -67,737,000 | 175,607,000 | -61,517,000 | 69,278,000 | 39,033,000 | 79,937,000 | 15,560,000 | 64,207,000 | 5,445,000 | 38,335,000 | -28,498,000 | 23,951,000 | 4,168,000 | 38,550,000 | 4,793,000 | 33,118,000 | 1,236,000 | 30,386,000 | -33,540,000 | 1,100,000 | 18,054,000 | 37,130,000 | -41,842,000 | 66,261,000 | 26,352,000 | 9,977,000 | 2,866,000 | 12,296,000 | ||
supplemental cash flow information | |||||||||||||||||||||||||||||||||
cash paid for interest | 13,932,000 | 16,286,000 | 30,025,000 | 16,134,000 | 17,227,000 | 19,726,000 | 19,191,000 | 19,437,000 | 20,329,000 | 19,504,000 | 18,452,000 | 17,415,000 | 15,314,000 | 7,863,000 | 9,638,000 | 7,406,000 | 7,074,000 | 3,962,000 | 4,239,000 | 2,471,000 | 8,096,000 | 6,316,000 | 9,075,000 | 3,184,000 | 20,112,000 | 15,238,000 | 717,000 | 3,698,000 | 3,801,000 | 3,755,000 | 3,639,000 | 3,973,000 | 6,163,000 |
cash paid for income taxes | 1,529,000 | 17,619,000 | 11,928,000 | 41,835,000 | 1,503,000 | 12,462,000 | 9,683,000 | 28,983,000 | 1,125,000 | 4,683,000 | 9,542,000 | 23,470,000 | 995,000 | 9,608,000 | 2,963,000 | 22,142,000 | 1,012,000 | 6,016,000 | 14,956,000 | 33,350,000 | 831,000 | 10,083,000 | 24,460,000 | 1,924,000 | 1,345,000 | 15,094,000 | 2,664,000 | 6,533,000 | 343,000 | 6,284,000 | 6,872,000 | ||
unrealized (appreciation) on investments | |||||||||||||||||||||||||||||||||
loss on debt extinguishment | 0 | 263,000 | 0 | -239,000 | 369,000 | 963,000 | 1,555,000 | 0 | 669,000 | 1,146,000 | 2,781,000 | 1,196,000 | 758,000 | -137,000 | 1,054,000 | 2,451,000 | 0 | 0 | 0 | 6,058,000 | |||||||||||||
investment management fees receivable | |||||||||||||||||||||||||||||||||
fund administration and distribution fees receivable | |||||||||||||||||||||||||||||||||
other receivables | |||||||||||||||||||||||||||||||||
deferred compensation plan liability | |||||||||||||||||||||||||||||||||
purchases of deferred compensation plan investments | |||||||||||||||||||||||||||||||||
sales of deferred compensation plan investments | |||||||||||||||||||||||||||||||||
purchases of proprietary funds | |||||||||||||||||||||||||||||||||
sales of proprietary funds | |||||||||||||||||||||||||||||||||
cash acquired from acquisition | 0 | 40,000 | |||||||||||||||||||||||||||||||
payments for withholding taxes for stock-based compensation awards | |||||||||||||||||||||||||||||||||
payment of debt financing fees | -495,000 | 0 | -211,000 | 0 | -1,000 | -78,000 | |||||||||||||||||||||||||||
proceeds from long-term senior debt | 0 | 0 | 0 | 0 | 0 | 359,100,000 | |||||||||||||||||||||||||||
noncash items | |||||||||||||||||||||||||||||||||
operating lease right-of-use assets obtained in exchange for new operating lease liabilities | 0 | -34,272,000 | 0 | 11,657,000 | 65,000 | 2,797,000 | 993,000 | 0 | 2,991,000 | ||||||||||||||||||||||||
non-cash investing and financing activities: | |||||||||||||||||||||||||||||||||
issuance of 3.3 million shares of common stock and 19.7 million shares of preferred stock in connection with the acquisition of amundi us | 0 | -2,358,000 | |||||||||||||||||||||||||||||||
stock-based and deferred compensation | 15,972,000 | 13,978,000 | 3,660,000 | 5,725,000 | 4,289,000 | 5,842,000 | 3,779,000 | 5,452,000 | 5,904,000 | 3,779,000 | 2,203,000 | 4,792,000 | 4,303,000 | 7,005,000 | 9,471,000 | 4,741,000 | 6,674,000 | 2,772,000 | 5,185,000 | 4,819,000 | 3,924,000 | 5,084,000 | 5,181,000 | 4,253,000 | |||||||||
net decrease in cash and cash equivalents | 7,871,000 | ||||||||||||||||||||||||||||||||
repayment of long-term senior debt | -70,000,000 | -50,000,000 | -32,287,000 | -38,000,000 | -85,000,000 | 0 | -20,000,000 | ||||||||||||||||||||||||||
unrealized (appreciation) depreciation on investments | 145,000 | -1,306,000 | -1,175,000 | 682,000 | -746,000 | -629,000 | 371,000 | ||||||||||||||||||||||||||
loss on equity method investment | 0 | 759,000 | 9,000 | 57,000 | 70,000 | 65,000 | 92,000 | 150,000 | 4,000 | 224,000 | 167,000 | 202,000 | 137,000 | ||||||||||||||||||||
loss on disposal of property and equipment due to restructuring | |||||||||||||||||||||||||||||||||
acquisition of business, net of cash acquired | |||||||||||||||||||||||||||||||||
repayment and repurchases of long-term senior debt | |||||||||||||||||||||||||||||||||
unrealized appreciation on investments | 477,000 | ||||||||||||||||||||||||||||||||
repayments and repurchases of long-term senior debt | -35,000,000 | ||||||||||||||||||||||||||||||||
repayments of long-term senior debt | -19,000,000 | ||||||||||||||||||||||||||||||||
deferred financing costs and derivative and accretion expense | 1,067,000 | 1,057,000 | 1,047,000 | 1,082,000 | 1,099,000 | 1,125,000 | 1,171,000 | 775,000 | 811,000 | 861,000 | 983,000 | 1,057,000 | 1,105,000 | 1,132,000 | 1,174,000 | 623,000 | 593,000 | 605,000 | 624,000 | 651,000 | 995,000 | ||||||||||||
acquisition of business and assets, net of cash acquired | 0 | -553,000 | -327,000 | ||||||||||||||||||||||||||||||
purchase of equity method investment | 0 | -1,500,000 | |||||||||||||||||||||||||||||||
benefit from deferred income taxes | |||||||||||||||||||||||||||||||||
gain on equity method investment | |||||||||||||||||||||||||||||||||
(purchase) sale of equity method investment | |||||||||||||||||||||||||||||||||
repayment of promissory note | 0 | 0 | 0 | -96,000 | -144,000 | -144,000 | |||||||||||||||||||||||||||
cost of asset acquisition | -379,000 | -177,000 | -30,000 | ||||||||||||||||||||||||||||||
issuance of class a common stock | |||||||||||||||||||||||||||||||||
issuance of class b common stock from exercise of stock options | 1,892,000 | 1,553,000 | 790,000 | 1,505,000 | 1,428,000 | 1,000 | 1,693,000 | 1,961,000 | 735,000 | 221,000 | |||||||||||||||||||||||
receipt of consideration for acquisition | 0 | 649,000 | |||||||||||||||||||||||||||||||
issuance of class a common stock, net of underwriter discount | 53,000 | 44,000 | 42,000 | 35,000 | 32,000 | 26,000 | 18,000 | 15,000 | 16,000 | 13,000 | 0 | 0 | 0 | 156,549,000 | |||||||||||||||||||
loss on other receivable | 689,000 | 195,000 | |||||||||||||||||||||||||||||||
accounts payable | |||||||||||||||||||||||||||||||||
accrued expenses | |||||||||||||||||||||||||||||||||
sale of equity method investment | -23,000 | ||||||||||||||||||||||||||||||||
payment of class a common stock deferred offering costs | 0 | 2,000 | |||||||||||||||||||||||||||||||
payment of equity awards modified to liabilities | |||||||||||||||||||||||||||||||||
net gain on equity method investment | |||||||||||||||||||||||||||||||||
purchases of trading securities | -1,611,000 | -1,024,000 | -2,617,000 | -1,988,000 | -1,552,000 | -1,521,000 | -1,533,000 | ||||||||||||||||||||||||||
sales of trading securities | 1,289,000 | 899,000 | 1,091,000 | 907,000 | 865,000 | 570,000 | |||||||||||||||||||||||||||
purchases of available-for-sale securities | -1,000 | -78,000 | 0 | ||||||||||||||||||||||||||||||
sales of available-for-sale securities | 0 | 0 | |||||||||||||||||||||||||||||||
acquisition of business | 0 | ||||||||||||||||||||||||||||||||
receipt (payment) of consideration for acquisition | |||||||||||||||||||||||||||||||||
amortization of deferred financing fees and accretion expense | |||||||||||||||||||||||||||||||||
net loss on equity method investment | 0 | ||||||||||||||||||||||||||||||||
disposal of property and equipment due to restructuring | |||||||||||||||||||||||||||||||||
proceeds from sales of trading securities | |||||||||||||||||||||||||||||||||
proceeds from sales of available-for-sale securities | |||||||||||||||||||||||||||||||||
proceeds from (investments in) equity method investment | |||||||||||||||||||||||||||||||||
issuance of common stock, net of costs | |||||||||||||||||||||||||||||||||
issuance of class b common stock | 571,000 | 669,000 | 0 | 10,000 | |||||||||||||||||||||||||||||
issuance of class a common stock under 2018 espp | 14,000 | ||||||||||||||||||||||||||||||||
excess tax benefits on share-based compensation | |||||||||||||||||||||||||||||||||
repayment of draw on line of credit | |||||||||||||||||||||||||||||||||
deferred financing costs and accretion expense | |||||||||||||||||||||||||||||||||
equity method investment | -1,000,000 | -1,000,000 | |||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, beginning of period | |||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, end of period | |||||||||||||||||||||||||||||||||
reconciliation of cash, cash equivalents and restricted cash | |||||||||||||||||||||||||||||||||
cash and cash equivalents | |||||||||||||||||||||||||||||||||
restricted cash | |||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at end of period | |||||||||||||||||||||||||||||||||
supplemental disclosure of non-cash item | |||||||||||||||||||||||||||||||||
class a common stock offering costs reclassed from prepaid expenses and accounts payable and accrued expenses to additional paid in capital | 4,123,000 | ||||||||||||||||||||||||||||||||
purchase and sale of options | |||||||||||||||||||||||||||||||||
proceeds from draw on line of credit | |||||||||||||||||||||||||||||||||
supplemental disclosure of non-cash items | |||||||||||||||||||||||||||||||||
promissory note issued for repurchase of common stock and equity awards | |||||||||||||||||||||||||||||||||
class a common stock offering costs reclassed from prepaid expenses to additional paid in capital | 0 | ||||||||||||||||||||||||||||||||
settlement of compensation liability with issuance of restricted share awards | 0 | ||||||||||||||||||||||||||||||||
net cash used by financing activities |
