Financial Statements

Artisan Partners Asset Management I... (APAM)

$45.56

+1.16 (+2.61%)

Cash Flow Statement

All numbers are in thousands
Year XLSX
2023
XLSX
2022
XLSX
2021
XLSX
2020
XLSX
2019
Operating Cash Flow 377,706312,610398,551318,677292,793
Net Income 202,409248,385444,524308,503241,457
Depreciation & Amortization 9,3487,7976,9336,6256,233
Deferred income taxes 42,49629,24338,02432,66426,913
Stock-based compensation 33,69741,53239,64937,02743,095
Change in working capital 62,52782,398-51,23114,07933,800
Other non-cash items 27,229-96,745-79,348-80,221-58,705
Investing Cash Flow -67,183-63,731-26,97418,752-17,506
Investments in PPE -8,631-19,558-5,967-3,099-17,784
Acquisitions -116,047-104,552,000-49,812,000-50,614,000-30,114,000
Investment purchases -441,801-49,337-33,820-2,150-10
Sales/Maturities of investments 383,2495,16412,81324,001288
Other Investing Activites 116,047104,552,00049,812,00050,614,00030,114,000
Financing Cash Flow -270,625-306,402-335,433-282,234-306,567
Debt repayment --90,000---50,000
Dividends payments -183,378-305,895-367,929-288,811-283,020
Common Stock Repurchased --7,866-46,928-63,027-2,078
Common Stock Issuance -7,86646,92863,0272,078
Other Financing Activites -87,24789,49332,4966,57726,453
Accounts receivables 12516,622-15,962-18,020-14,178
Accounts payables 27,39316,458,000-1,301,0001,622,0006,881,000
Inventory --1,301,000-1,622,000-6,881,000
Other working capital 35,009-16,392,224-35,26932,09947,978
Cash at beginning of period 143,248200,771199,450144,255175,535
Cash at end of period 178,467143,248200,771199,450144,255
Capital Expenditure -8,631-19,558-5,967-3,099-17,784
Effect of forex changes on cash -42,146--34,823--
Net cash flow / Change in cash 35,219-57,5231,32155,195-31,280
Free Cash Flow 369,075293,052392,584315,578275,009

Artisan Partners Asset Management Inc. income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes Artisan Partners Asset Management Inc. FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.