Invesco Ltd. (NYSE: IVZ) has reported its preliminary month-end assets under management (AUM) for December 31, 2023, totaling $1,585.3 billion, reflecting a 2.8% increase from the previous month-end. The firm recorded net long-term inflows of $5.1 billion during the month, while non-management fee earning net outflows were $1.3 billion and money market net outflows were $13.0 billion. Market returns had a positive impact, increasing AUM by $39 billion, and foreign exchange and reinvested distributions contributed to a $13.3 billion increase.
In terms of asset breakdown, Invesco's total AUM was divided into equity, fixed income, balanced, money market, and alternatives, with the largest allocation in equity at $823.7 billion. The company's preliminary average total AUM for the quarter through December 31 was $1,515.6 billion, and the preliminary average active AUM for the same period was $966.5 billion.
Reflecting on the results, a company spokesperson stated, "In December, we continued to see positive momentum in our AUM, driven by strong net long-term inflows and favorable market returns. Our diverse investment capabilities and global presence position us well for the future."
The stock's movement on the day of the announcement saw a decrease of 1.3%, with the price per share at $17.63. Invesco Ltd. (IVZ) closed at $17.63 on the day.
The company's full 8-K submission is available here.
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Revenue (MM) | $5,314 | $6,117 | $6,146 | $6,894 | $6,049 | $5,746 |
| Revenue Growth | n/a | 15.12% | 0.46% | 12.19% | -12.26% | -5.0% |
| Interest Income (MM) | $112 | $136 | $129 | $95 | $85 | $71 |
| Operating Margins | 23% | 13% | 15% | 26% | 22% | 15% |
| Net Margins | 17% | 9% | 9% | 20% | 11% | 10% |
| Net Income (MM) | $883 | $565 | $525 | $1,393 | $684 | $596 |
| Depreciation & Amort. (MM) | $142 | $178 | $204 | $205 | $195 | $185 |
| Earnings Per Share | $2.14 | $1.28 | $1.13 | $2.99 | $1.49 | $1.31 |
| EPS Growth | n/a | -40.19% | -11.72% | 164.6% | -50.17% | -12.08% |
| Diluted Shares (MM) | 412 | 440 | 462 | 465 | 460 | 453 |
| Free Cash Flow (MM) | $726 | $992 | $1,115 | $969 | $510 | $853 |
| Capital Expenditures (MM) | $102 | $124 | $115 | $109 | $193 | $197 |
| Current Ratio | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 |
| Total Debt (MM) | $2,409 | $2,080 | $2,083 | $2,085 | $1,488 | $1,489 |
| Net Debt / EBITDA | 0.94 | 1.05 | 0.6 | 0.09 | 0.04 | -0.06 |
