Affiliated Managers Group, Inc. balance sheet
At the end of fiscal 2025, Affiliated Managers Group, Inc. had total assets of $9.21bn, total liabilities of $4.79bn and shareholders' equity of $3.24bn. It held $586m in cash against $2.73bn of debt: net debt of $2.14bn.
Balance sheet
| Fiscal year | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 431 | 440 | 566 | 540 | 1,040 | 909 | 429 | 814 | 950 | 586 | 411 |
| Goodwill | 2,628 | 2,663 | 2,633 | 2,652 | 2,661 | 2,689 | 2,649 | 2,524 | 2,505 | 2,531 | 2,512 |
| Total assets | 8,749 | 8,702 | 8,219 | 7,654 | 7,889 | 8,876 | 8,881 | 9,060 | 8,831 | 9,207 | 9,404 |
| Long-term debt | 869 | 809 | 1,830 | 1,794 | 2,312 | 2,490 | 2,535 | 2,538 | 2,620 | 2,691 | 3,004 |
| Total debt | 869 | 809 | 1,830 | 1,794 | 2,312 | 2,490 | 2,535 | 2,538 | 2,620 | 2,729 | 3,038 |
| Total liabilities | 3,649 | 3,312 | 3,251 | 3,238 | 3,900 | 4,492 | 4,240 | 4,096 | 4,182 | 4,785 | 5,200 |
| Shareholders' equity | 3,620 | 3,822 | 3,457 | 2,938 | 2,780 | 2,786 | 3,230 | 3,588 | 3,345 | 3,238 | 3,038 |
| Non-controlling interests and other (assets − liabilities − equity) | 1,480 | 1,568 | 1,511 | 1,478 | 1,209 | 1,598 | 1,411 | 1,376 | 1,303 | 1,184 | 1,166 |
| Net debt (negative = net cash) | 438 | 370 | 1,264 | 1,254 | 1,272 | 1,582 | 2,106 | 1,724 | 1,670 | 2,143 | 2,627 |
| Shares outstanding | 59m | 59m | 59m | 59m | — | — | — | — | — | — | — |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Goodwill | 2,532 | 2,505 | 2,513 | 2,538 | 2,528 | 2,531 | 2,524 | 2,512 |
| Total assets | 8,903 | 8,831 | 8,714 | 8,808 | 8,928 | 9,207 | 9,396 | 9,404 |
| Long-term debt | 2,620 | 2,620 | 2,621 | 2,621 | 2,372 | 2,691 | 2,919 | 3,004 |
| Total debt | 2,620 | 2,620 | 2,621 | 2,621 | 2,372 | 2,691 | 2,919 | 3,004 |
| Total liabilities | 4,232 | 4,182 | 4,249 | 4,333 | 4,388 | 4,785 | 5,148 | 5,200 |
| Shareholders' equity | 3,316 | 3,345 | 3,188 | 3,239 | 3,343 | 3,238 | 3,090 | 3,038 |
| Non-controlling interests and other (assets − liabilities − equity) | 1,355 | 1,303 | 1,277 | 1,236 | 1,197 | 1,184 | 1,158 | 1,166 |
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