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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Artisan Partners Asset Management's Net Income for the three months ended in Mar. 2024 was $59 Mil. Its Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was $231 Mil.
Net Income is linked to the most popular Earnings per Share (Diluted) number. Artisan Partners Asset Management's Earnings per Share (Diluted) for the three months ended in Mar. 2024 was $0.92.
The historical data trend for Artisan Partners Asset Management's Net Income can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Artisan Partners Asset Management Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Net Income | Get a 7-Day Free Trial | 156.54 | 212.62 | 336.52 | 206.76 | 222.29 |
Artisan Partners Asset Management Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Net Income | Get a 7-Day Free Trial | 50.75 | 53.63 | 53.16 | 64.76 | 59.48 |
Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.
Net Income
= Revenue
- Cost of Goods Sold
- Selling, General, & Admin. Expense
- Research & Development
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= EBITDA
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Operating Income
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others
Artisan Partners Asset Management's Net Income for the fiscal year that ended in Dec. 2023 is calculated as
Net Income | (A: Dec. 2023 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 383.692 | + | -71.888 | + | 0 | + | -89.515 |
= | 222 |
Artisan Partners Asset Management's Net Income for the quarter that ended in Mar. 2024 is calculated as
Net Income | (Q: Mar. 2024 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 108.669 | + | -21.965 | + | 0 | + | -27.223 |
= | 59 |
Net Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $231 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Artisan Partners Asset Management (NYSE:APAM) Net Income Explanation
Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:
Artisan Partners Asset Management's Earnings per Share (Diluted) (EPS) for the quarter that ended in Mar. 2024 is calculated as
Earnings per Share (Diluted) (Q: Mar. 2024 ) | = | (Net Income | - | Preferred Dividends) | / | Shares Outstanding (Diluted Average) |
= | (59.481 | - | 0) | / | 64.355 | |
= | 0.92 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
EPS is most useful for companies that have:
A predictable businessThe dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Thank you for viewing the detailed overview of Artisan Partners Asset Management's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Laura Ellen Simpson | officer: Exec VP, CLO & Secretary | 875 E WISCONSIN AVENUE, SUITE 800, MILWAUKEE WI 53202 |
Gregory K Ramirez | officer: Senior Vice President | 875 EAST WISCONSIN AVENUE, SUITE 800, MILWAUKEE WI 53202 |
Samuel Bentson Sellers | officer: Executive Vice President | 875 E WISCONSIN AVENUE SUITE 800, MILWAUKEE WI 53202 |
Tench Coxe | director | 755 PAGE MILL ROAD, SUITE A-200, PALO ALTO CA 94304 |
Saloni S Multani | director | 875 EAST WISCONSIN AVENUE, SUITE 800, MILWAUKEE WI 53202 |
Eileen Lee Kwei | officer: Executive Vice President | ONE CALIFORNIA STREET SUITE 2800, SAN FRANCISCO CA 94111 |
Jason A Gottlieb | officer: Executive Vice President | 875 E. WISCONSIN AVENUE, SUITE 800, MILWAUKEE WI 53202 |
Jennifer Barbetta | director | ARTISAN PARTNERS ASSET MANAGEMENT INC., 875 E. WISCONSIN AVENUE, SUITE 800, MILWAUKEE WI 53202 |
Christopher J Krein | officer: Executive Vice President | 875 E. WISCONSIN AVENUE, SUITE 800, MILWAUKEE WI 53202 |
Zfic, Inc. | director | 875 EAST WISCONSIN AVENUE, SUITE 800, MILWAUKEE WI 53202 |
Carlene M Ziegler | director | C/O ARTISAN PARTNERS LIMITED PARTNERSHIP, 875 EAST WISCONSIN AVE STE 800, MILWAUKEE WI 53202 |
Andrew A Ziegler | director | C/O ZIEGLER FAMILY OFFICE, 100 N. CORPORATE DRIVE, SUITE 190, BROOKFIELD WI 53045 |
Artisan Investment Corp | director | 875 EAST WISONSIN AVE STE 800, MILWAUKEE WI 53202 |
Hamman James S Jr | officer: Executive Vice President | 70 MUIRFIELD CIRCLE, WHEATON IL 60187 |
Stephanie Dimarco | director | 301 BRANNAN ST, SAN FRANCISCO CA 94107 |
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