AFFILIATED MANAGERS GROUP, INC. — Cash Flow Charts
8 quarters 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↑+20.7% +$44M
$256M
Free Cash Flow↑+20.4% +$43M
$255M
Investing Cash Flow↑+517.6% +$44M
$53M
Financing Cash Flow↓-4.8% -$15M
$-317M
Capex↑+72.7% +$800K
$2M
Stock Buybacks↑+193.5% +$233M
$353M
Dividends Paid↓-50.0% -$200K
$200K
Stock-Based Comp↑+152.5% +$34M
$56M
Debt Issued
$799M
Debt Repaid
$476M
D&A
—
SBC Allocated Expense↑+151.5% +$15M
$25M
SBC Unrecognized Cost
$12M