AFFILIATED MANAGERS GROUP, INC.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $716.6M | $511.6M | $672.9M | $1.15B | $565.7M | $202.2M | $15.7M | $243.6M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | $111.6M | $112.1M | $113.8M | $126.7M | $119.2M | $90.4M | — |
| Net Cash from Operating Activities | $973.2M | $932.1M | $874.3M | $1.05B | $1.26B | $1.01B | $929.1M | $1.14B |
| Investing Activities | ||||||||
| Capital Expenditures | $6.1M | $3.4M | $12.4M | $11.4M | $8.4M | $8.5M | $9.6M | $18.7M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-206.1M | $379.1M | $264.5M | $-109.9M | $-583.7M | $-53.7M | $-24.4M | $-18.2M |
| Financing Activities | ||||||||
| Dividends Paid | $1.0M | $1.4M | $1.5M | $1.6M | $1.7M | $16.8M | $65.3M | $64.4M |
| Stock Repurchases | $706.3M | $709.8M | $341.9M | $713.8M | $595.3M | $335.1M | $356.1M | $496.1M |
| Net Cash from Financing Activities | $-1.15B | $-1.18B | $-758.3M | $-1.40B | $-798.3M | $-455.4M | $-934.7M | $-983.1M |
| Net Change in Cash | $-370.0M | $131.1M | $387.4M | $-480.7M | $-123.6M | $502.3M | $-21.3M | $129.2M |
| Free Cash Flow | $967.1M | $928.7M | $861.9M | $1.04B | $1.25B | $1.00B | $919.5M | $1.12B |