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Unaudited Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Accounts receivable $ 109,976 $ 101,169
Property and equipment, net 43,483 46,638
Deferred tax assets 419,465 436,529
Prepaid expenses and other assets 19,053 20,348
Operating lease assets 87,201 94,747
Total assets 1,610,601 1,405,858
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND STOCKHOLDERS’ EQUITY    
Accrued incentive compensation 164,340 52,226
Borrowings 199,389 199,267
Operating lease liabilities 105,690 113,391
Amounts payable under tax receivable agreements 341,400 364,048
Total liabilities 906,586 802,101
Commitments and contingencies
Redeemable noncontrolling interests 298,987 252,406
Additional paid-in capital 214,854 193,722
Retained earnings 158,239 132,126
Accumulated other comprehensive income (loss) (1,818) (2,496)
Total Artisan Partners Asset Management Inc. stockholders’ equity 372,079 324,151
Noncontrolling interests - Artisan Partners Holdings 32,949 27,200
Total stockholders’ equity 405,028 351,351
Total liabilities, redeemable noncontrolling interests, and stockholders’ equity 1,610,601 1,405,858
Consolidated Entity, Excluding VIE    
ASSETS    
Cash and cash equivalents 253,949 141,008
Investment securities 211,940 150,522
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND STOCKHOLDERS’ EQUITY    
Accounts payable, accrued expenses, and other 28,867 25,509
Variable Interest Entity, Primary Beneficiary    
ASSETS    
Cash and cash equivalents 25,851 37,459
Investment securities 413,752 364,095
Accounts receivable and other 25,931 13,343
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND STOCKHOLDERS’ EQUITY    
Accounts payable, accrued expenses, and other 58,040 38,080
Investment liabilities, at fair value 8,860 9,580
Class A Common Stock    
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND STOCKHOLDERS’ EQUITY    
Common stock 701 685
Class B Common Stock    
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND STOCKHOLDERS’ EQUITY    
Common stock 16 24
Class C Common Stock    
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND STOCKHOLDERS’ EQUITY    
Common stock $ 87 $ 90