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Affiliated Managers Group, Inc. cash flow statement

In fiscal 2025, Affiliated Managers Group, Inc.'s operations generated $973m of cash; it spent $6.1m on capital projects, leaving free cash flow of $967m. It returned $1.0m in dividends and $706m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Affiliated Managers Group, Inc.: cash flow statement, annual
Fiscal year2016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash from operations1,0501,1701,1419291,0091,2591,0558749329731,072
Stock-based pay3940459011912711411211259−60
Capital spending20191910981112367
Free cash flow1,0301,1521,1229201,0011,2511,0438629299671,065
Free cash flow after stock pay9911,1121,0778298821,1249307508179081,125
Dividends paid04564651722211—
Share buybacks33351496356335595714342710706794
Shares issued4664210————————

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Affiliated Managers Group, Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Affiliated Managers Group, Inc.