AssetMark Financial Holdings (AMK) Financial Statements
Price: $35.24
Market Cap: $2.64B
Avg Volume: 478.06K
Market Cap: $2.64B
Avg Volume: 478.06K
Country: US
Industry: Asset Management
Sector: Financial Services
Industry: Asset Management
Sector: Financial Services
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of AssetMark Financial Holdings.
Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 |
|---|---|---|---|---|---|---|---|
| Revenue | $708.50M | $618.31M | $530.30M | $432.08M | $417.94M | $363.63M | $295.52M |
| Cost of Revenue | $389.82M | $328.61M | $348.96M | $311.88M | $286.00M | $225.53M | $204.79M |
| Gross Profit | $318.68M | $289.69M | $181.34M | $120.20M | $131.94M | $138.11M | $90.73M |
| Gross Profit Ratio | 45.00% | 46.85% | 34.20% | 27.82% | 31.57% | 37.98% | 30.70% |
| Research and Development Expenses | $22.87M | $20.04M | $28.71M | $27.14M | $24.07M | $19.93M | $17.43M |
| General and Administrative Expenses | $26.85M | $115.31M | $94.75M | $77.57M | $72.11M | $55.52M | $48.40M |
| Selling and Marketing Expenses | $98.30M | $254.00K | $1.77M | $3.24M | $- | $- | $- |
| Selling General and Administrative Expenses | $125.15M | $115.31M | $94.75M | $77.57M | $72.11M | $55.52M | $48.40M |
| Other Expenses | $-16.95M | $31.15M | $37.93M | $35.13M | $30.36M | $26.10M | $22.98M |
| Operating Expenses | $125.15M | $146.46M | $132.68M | $112.69M | $102.47M | $81.63M | $71.38M |
| Cost and Expenses | $514.98M | $475.07M | $481.65M | $424.57M | $388.47M | $307.15M | $276.17M |
| Interest Income | $- | $6.52M | $3.56M | $5.59M | $12.27M | $- | $- |
| Interest Expense | $9.11M | $6.52M | $3.56M | $5.59M | $12.27M | $1.92M | $- |
| Depreciation and Amortization | $35.54M | $31.15M | $37.93M | $35.13M | $30.36M | $26.10M | $22.98M |
| EBITDA | $212.12M | $174.43M | $86.47M | $40.95M | $57.53M | $82.59M | $42.32M |
| EBITDA Ratio | 30.00% | 28.21% | 16.31% | 9.48% | 13.77% | 22.71% | 14.32% |
| Operating Income | $193.52M | $143.28M | $48.55M | $5.82M | $27.17M | $56.48M | $19.34M |
| Operating Income Ratio | 27.31% | 23.17% | 9.15% | 1.35% | 6.50% | 15.53% | 6.55% |
| Total Other Income Expenses Net | $-26.05M | $-6.48M | $-3.67M | $-7.28M | $-14.56M | $-1.92M | $- |
| Income Before Tax | $167.47M | $136.76M | $44.99M | $231.00K | $14.90M | $54.56M | $19.34M |
| Income Before Tax Ratio | 23.64% | 22.12% | 8.48% | 0.05% | 3.57% | 15.00% | 6.55% |
| Income Tax Expense | $44.35M | $33.50M | $19.32M | $8.04M | $15.32M | $17.14M | $-79.64M |
| Net Income | $123.12M | $103.26M | $25.67M | $-7.81M | $-420.00K | $37.43M | $98.98M |
| Net Income Ratio | 17.38% | 16.70% | 4.84% | -1.81% | -0.10% | 10.29% | 33.49% |
| EPS | $1.66 | $1.40 | $0.36 | $-0.12 | $-0.01 | $0.52 | $1.37 |
| EPS Diluted | $1.65 | $1.40 | $0.35 | $-0.12 | $-0.01 | $0.52 | $1.37 |
| Weighted Average Shares Outstanding | 74.11M | 73.72M | 72.14M | 67.36M | 66.30M | 72.40M | 72.40M |
| Weighted Average Shares Outstanding Diluted | 74.44M | 73.87M | 72.40M | 67.36M | 66.30M | 72.40M | 72.40M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 |
|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $232.68M | $123.27M | $76.71M | $70.62M | $96.34M | $105.35M | $50.15M |
| Short Term Investments | $18.00M | $13.71M | $14.50M | $10.58M | $7.28M | $333.00K | $38.00K |
| Cash and Short Term Investments | $250.68M | $136.99M | $91.20M | $81.20M | $103.62M | $105.69M | $50.19M |
| Net Receivables | $23.23M | $20.35M | $15.29M | $17.49M | $13.67M | $9.68M | $7.98M |
| Inventory | $1 | $24.70M | $13.00M | $11.00M | $9.00M | $7.00M | $7.00M |
| Other Current Assets | $32.19M | $29.87M | $27.67M | $24.64M | $15.56M | $4.39M | $3.37M |
| Total Current Assets | $291.11M | $187.21M | $134.17M | $123.32M | $132.85M | $126.76M | $68.53M |
| Property Plant Equipment Net | $29.17M | $30.50M | $30.48M | $34.88M | $7.07M | $7.04M | $7.07M |
| Goodwill | $487.91M | $487.23M | $436.82M | $338.85M | $327.31M | $298.42M | $298.42M |
| Intangible Assets | $793.10M | $784.59M | $783.39M | $724.57M | $721.73M | $715.06M | $723.73M |
| Goodwill and Intangible Assets | $1.28B | $1.27B | $1.22B | $1.06B | $1.05B | $1.01B | $1.02B |
| Long Term Investments | $-138.28B | $- | $-158.93B | $-149.50B | $- | $- | $- |
| Tax Assets | $139.07B | $147.50B | $158.93B | $149.50B | $150.39B | $28.44M | $30.58M |
| Other Non-Current Assets | $-773.82M | $-147.48B | $2.09M | $1.97M | $-150.39B | $-28.44M | $-30.58M |
| Total Non-Current Assets | $1.33B | $1.32B | $1.25B | $1.10B | $1.06B | $1.02B | $1.03B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $1.62B | $1.50B | $1.39B | $1.22B | $1.19B | $1.15B | $1.10B |
| Account Payables | $288.00K | $4.62M | $2.61M | $2.20M | $4.68M | $4.77M | $7.17M |
| Short Term Debt | $4.52M | $10.61M | $4.22M | $4.09M | $- | $2.31M | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $3.15M |
| Deferred Revenue | $-4.52M | $147.50B | $- | $-4.09M | $- | $34.16M | $- |
| Other Current Liabilities | $71.03M | $58.59M | $52.03M | $39.60M | $36.89M | $42.16M | $38.11M |
| Total Current Liabilities | $75.84M | $73.82M | $58.86M | $45.89M | $41.58M | $49.23M | $48.44M |
| Long Term Debt | $119.84M | $140.06M | $143.32M | $106.82M | $121.69M | $242.82M | $- |
| Deferred Revenue Non-Current | $26.30M | $1.18M | $1.60M | $2.31M | $3.08M | $3.83M | $5.02M |
| Deferred Tax Liabilities Non-Current | $139.07M | $147.50M | $158.93M | $149.50M | $150.39M | $151.12M | $149.12M |
| Other Non-Current Liabilities | $18.43M | $14.01M | $14.87M | $14.00M | $166.83M | $1.27M | $9.20M |
| Total Non-Current Liabilities | $277.34M | $302.74M | $318.71M | $272.62M | $288.52M | $399.03M | $163.34M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $353.18M | $376.56M | $377.58M | $318.51M | $330.10M | $448.26M | $211.78M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $74.00K | $74.00K | $74.00K | $72.00K | $72.00K | $66.00K | $66.00K |
| Retained Earnings | $306.62M | $183.50M | $80.24M | $54.57M | $62.38M | $63.85M | $101.42M |
| Accumulated Other Comprehensive Income Loss | $-14.00K | $-157.00K | $-0 | $0 | $0 | $3.00K | $8.00K |
| Other Total Stockholders Equity | $960.70M | $942.95M | $929.07M | $850.43M | $796.41M | $635.10M | $784.46M |
| Total Stockholders Equity | $1.27B | $1.13B | $1.01B | $905.07M | $858.86M | $699.01M | $885.96M |
| Total Equity | $1.27B | $1.13B | $1.01B | $905.07M | $858.86M | $699.01M | $885.96M |
| Total Liabilities and Stockholders Equity | $1.62B | $1.50B | $1.39B | $1.22B | $1.19B | $1.15B | $1.10B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $1.62B | $1.50B | $1.39B | $1.22B | $1.19B | $1.15B | $1.10B |
| Total Investments | $18.00M | $13.71M | $14.50M | $10.58M | $7.28M | $333.00K | $38.00K |
| Total Debt | $119.84M | $150.67M | $143.32M | $106.82M | $121.69M | $245.12M | $- |
| Net Debt | $-112.84M | $27.40M | $66.61M | $36.20M | $25.35M | $139.77M | $-50.15M |
Cash Flow Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 |
|---|---|---|---|---|---|---|---|
| Net Income | $123.12M | $103.26M | $25.67M | $-7.81M | $-420.00K | $37.43M | $98.98M |
| Depreciation and Amortization | $35.54M | $31.15M | $37.93M | $35.13M | $30.36M | $26.10M | $22.98M |
| Deferred Income Tax | $-9.13M | $-6.67M | $-1.56M | $-706.00K | $1.50M | $1.74M | $-88.69M |
| Stock Based Compensation | $16.39M | $13.88M | $53.64M | $53.84M | $36.20M | $6.57M | $6.92M |
| Change in Working Capital | $9.00M | $-1.98M | $12.60M | $-8.35M | $-14.55M | $-10.17M | $5.42M |
| Accounts Receivables | $-1.25M | $-10.72M | $163.00K | $1.52M | $-727.00K | $-1.45M | $-43.00K |
| Inventory | $- | $- | $- | $7.53B | $-1.85M | $- | $- |
| Accounts Payables | $7.01M | $-252.00K | $7.45M | $-7.53B | $-8.89M | $-4.17M | $2.23M |
| Other Working Capital | $3.25M | $8.99M | $4.99M | $-9.88M | $-3.08M | $-6.00M | $3.19M |
| Other Non Cash Items | $-249.00K | $671.00K | $700.00K | $4.86M | $525.00K | $60.23M | $52.92M |
| Net Cash Provided by Operating Activities | $174.67M | $140.30M | $128.98M | $76.95M | $53.61M | $61.66M | $45.61M |
| Investments in Property Plant and Equipment | $-44.33M | $-39.06M | $-34.65M | $-29.07M | $-22.50M | $-17.41M | $-15.65M |
| Acquisitions Net | $-3.00M | $-43.86M | $-124.16M | $-18.56M | $-35.91M | $- | $- |
| Purchases of Investments | $-7.76M | $-2.69M | $-3.00M | $-2.38M | $-41.00K | $-300.00K | $- |
| Sales Maturities of Investments | $456.00K | $918.00K | $833.00K | $40.00K | $82.00K | $- | $- |
| Other Investing Activities | $-5.43M | $-10.30M | $-35.32M | $-28.51M | $-82.00K | $-15.68M | $-12.94M |
| Net Cash Used for Investing Activities | $-54.63M | $-94.99M | $-160.98M | $-49.97M | $-58.44M | $-17.71M | $-15.65M |
| Debt Repayment | $-25.00M | $1.26M | $40.00M | $-50.73M | $-126.25M | $245.10M | $- |
| Common Stock Issued | $1.37M | $- | $95.00K | $187.00K | $124.07M | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $-158.85M | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $-233.85M | $- |
| Other Financing Activities | $1.37M | $- | $95.00K | $32.00K | $- | $- | $- |
| Net Cash Used Provided by Financing Activities | $-23.63M | $1.26M | $40.09M | $-50.70M | $-2.18M | $11.26M | $- |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $96.41M | $46.57M | $8.09M | $-23.72M | $-7.01M | $55.21M | $29.96M |
| Cash at End of Period | $232.68M | $136.27M | $89.71M | $81.62M | $105.34M | $112.35M | $57.15M |
| Cash at Beginning of Period | $136.27M | $89.71M | $81.62M | $105.34M | $112.35M | $57.15M | $27.19M |
| Operating Cash Flow | $174.67M | $140.30M | $128.98M | $76.95M | $53.61M | $61.66M | $45.61M |
| Capital Expenditure | $-44.33M | $-39.06M | $-34.65M | $-29.07M | $-22.50M | $-17.41M | $-15.65M |
| Free Cash Flow | $130.35M | $101.24M | $94.33M | $47.88M | $31.12M | $44.25M | $29.96M |