Summary
Affiliated Managers Group, Inc. (AMG) filed its Form 10-K on February 24, 2017, with a subsequent amendment (Item 15) filed on March 31, 2017, primarily referencing the earlier filing for comprehensive financial details. For investors, the core financial statements and schedules are detailed in Item 8 of the original filing. The March 31, 2017 filing incorporates by reference separate financial statements for AQR Capital Management Holdings, LLC and Subsidiaries (Exhibit 99.1), which is significant given AQR's role within AMG's structure. Investors should review the original 10-K for a full understanding of AMG's financial performance, risk factors, and strategic initiatives for the fiscal year ended December 31, 2016.
Financial Highlights
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Financial Statements
Beta
| Revenue | $2.19B |
| SG&A Expenses | $398.10M |
| Operating Expenses | $1.60B |
| Operating Income | $1.03B |
| Interest Expense | $91.70M |
| Net Income | $472.80M |
| EPS (Basic) | $8.73 |
| EPS (Diluted) | $8.57 |
| Shares Outstanding (Basic) | 54.20M |
| Shares Outstanding (Diluted) | 57.00M |
Key Highlights
- 1The primary financial information and disclosures are contained within the original Form 10-K filed on February 24, 2017.
- 2The March 31, 2017 filing serves as an amendment or supplement, emphasizing the inclusion of separate financial statements for AQR Capital Management Holdings, LLC and Subsidiaries via Exhibit 99.1.
- 3Investors seeking detailed financial performance, management's discussion and analysis, and risk factors must refer to the original February 24, 2017 10-K filing.
- 4The incorporation of AQR's financial statements suggests a material contribution or strategic importance of this subsidiary to AMG's overall business.
- 5The filing structure indicates that no new material financial information beyond the referenced documents is being introduced on March 31, 2017.
Frequently Asked Questions
The complete financial statements, financial statement schedules, and management's discussion and analysis for AMG for the fiscal year ended December 31, 2016, are located in Item 8 of the original Form 10-K filed by AMG on February 24, 2017.
Exhibit 99.1 contains the separate financial statements of AQR Capital Management Holdings, LLC and Subsidiaries. This is important for investors to understand the financial performance and position of this specific, significant subsidiary within the broader AMG organization.
The March 31, 2017 filing primarily references the original Form 10-K filed on February 24, 2017. Therefore, new risk factors or significant business updates are likely detailed in the original filing rather than this amendment, which focuses on incorporating specific subsidiary financial information.