AFFILIATED MANAGERS GROUP, INC. — Cash Flow Charts
2 years of history · ending 2025-12-31 · SEC EDGAR
Source:10-K · 10-Q
Capital Allocation
How management deploys cash: investing in the business (Capex + M&A) vs returning to shareholders (Buybacks + Dividends).
Capital Allocation Waterfall
Buybacks vs Stock-Based Comp
Net Debt Issuance
Cash Flow
Cash Flow by Activity
Operating Cash Flow
$973M
Free Cash Flow
$967M
Investing Cash Flow
$-206M
Financing Cash Flow
$-1.15B
Capex
$6M
Stock Buybacks
$706M
Dividends Paid
$1M
Stock-Based Comp
$112M
Debt Issued
$899M
Debt Repaid
$826M
D&A
—
SBC Allocated Expense
$59M
SBC Unrecognized Cost
$70M