10-K/APeriod: FY2018

AFFILIATED MANAGERS GROUP, INC. Annual Report (Amendment), Year Ended Dec 31, 2018

Filed April 1, 2019For Securities:AMGMGRBMGRMGRDMGRE

Summary

This 10-K filing for Affiliated Managers Group, Inc. (AMG), filed on April 1, 2019, primarily serves as an amendment or supplement to their original filing on February 22, 2019. Investors should note that the core financial statements and discussions are found in the original filing, referred to here. This filing specifically highlights the inclusion of Schedule II, Valuation and Qualifying Accounts, for the years 2018, 2017, and 2016, and importantly, incorporates by reference the separate financial statements of AQR Capital Management Holdings, LLC and Subsidiaries via Exhibit 99.1. For investors, the key takeaway is to consult the original Form 10-K for comprehensive financial performance and management's discussion and analysis. This filing adds specific detail regarding asset valuation reserves and incorporates a significant subsidiary's financial performance, which is crucial for understanding AMG's consolidated results and the impact of its acquisitions. Attention should be paid to the performance and financial health of AQR Capital Management as presented in its separate statements.

Financial Highlights

41 data points
Beta

Revenue

$2.38B

Net Income

$243.60M

10.2% Net Margin

EPS (Diluted)

$4.52

Total Assets

$8.22B

Cash & Equivalents

$565.50M

Free Cash Flow

$1.12B

Financial Statements
Beta
Revenue$2.38B
SG&A Expenses$417.70M
Operating Expenses$1.69B
Interest Expense$80.60M
Net Income$243.60M
EPS (Basic)$4.55
EPS (Diluted)$4.52
Shares Outstanding (Basic)53.60M
Shares Outstanding (Diluted)53.80M

Key Highlights

  • 1The filing refers to the original Form 10-K filed on February 22, 2019, for primary financial statements and management discussion.
  • 2Includes Schedule II - Valuation and Qualifying Accounts for the years ended December 31, 2018, 2017, and 2016.
  • 3Incorporates by reference the separate financial statements of AQR Capital Management Holdings, LLC and Subsidiaries through Exhibit 99.1.
  • 4This filing acts as a supplement, adding specific detailed schedules and subsidiary financial information.
  • 5Investors must review the original February 22, 2019 10-K for a complete understanding of AMG's financial performance and strategic overview.
  • 6The inclusion of AQR's financial statements is significant, as it represents a material component of AMG's consolidated operations.

Frequently Asked Questions

The main financial statements and management's discussion and analysis are located in AMG's original Form 10-K filing, which was filed on February 22, 2019. This filing on April 1, 2019, serves as a supplement and primarily includes additional schedules and incorporated exhibits.

Exhibit 99.1 is significant because it incorporates by reference the separate financial statements of AQR Capital Management Holdings, LLC and Subsidiaries. This means investors should review these statements to understand the financial performance and position of this key subsidiary within AMG's consolidated results.

Schedule II provides details on the company's valuation and qualifying accounts for the years ended December 31, 2018, 2017, and 2016. This schedule typically details changes in allowances for doubtful accounts, and other similar reserves, which can offer insight into asset quality and the effectiveness of the company's credit and collection policies.