XML 63 R52.htm IDEA: XBRL DOCUMENT v3.22.2
Segments (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Segment Reporting Information [Line Items]        
ENI revenue $ 95.5 $ 133.3 $ 207.7 $ 243.0
ENI operating expenses 25.6 61.3 64.8 113.2
Earnings before variable compensation 69.9 72.0 142.9 129.8
Variable compensation 22.7 32.7 50.6 56.7
ENI operating earnings (after variable comp) 47.2 39.3 92.3 73.1
Affiliate key employee distributions 0.5 3.2 2.4 4.5
Earnings after Affiliate key employee distributions 46.7 36.1 89.9 68.6
Net interest expense (4.7) (6.2) (11.2) (12.4)
Net investment income (loss) (0.7) 4.7 (0.8) 7.3
Gain on sale of Affiliates     0.0 (1.3)
Net income attributable to non-controlling interests in consolidated Funds 0.0 (54.6) 0.0 (68.0)
Income tax expense (12.7) (9.9) (22.3) (19.0)
Income from discontinued operations, net of tax 0.0 53.4 0.0 75.3
Loss on extinguishment of debt 0.0 0.0 (3.2) 0.0
Gain on disposal of discontinued operations, net of tax 0.0 509.2 0.0 509.2
Net income attributable to controlling interests 28.6 532.7 52.4 559.7
Tax effect 0.0 176.6 0.0 176.6
Operating Segments | Quant & Solutions        
Segment Reporting Information [Line Items]        
ENI revenue 95.5 111.1 207.7 214.6
ENI operating expenses 39.7 38.3 80.8 77.4
Earnings before variable compensation 55.8 72.8 126.9 137.2
Variable compensation 21.7 22.0 48.0 44.6
ENI operating earnings (after variable comp) 34.1 50.8 78.9 92.6
Affiliate key employee distributions 0.5 3.1 2.4 4.6
Earnings after Affiliate key employee distributions 33.6 47.7 76.5 88.0
Net interest expense 0.0 0.0 0.0 0.0
Net investment income (loss) 0.0 0.0 0.0 0.0
Gain on sale of Affiliates       0.0
Net income attributable to non-controlling interests in consolidated Funds   0.0   0.0
Income tax expense 0.0 0.0 0.0 0.0
Income from discontinued operations, net of tax   0.0   0.0
Loss on extinguishment of debt     0.0  
Gain on disposal of discontinued operations, net of tax   0.0   0.0
Net income attributable to controlling interests 33.6 47.7 76.5 88.0
Other        
Segment Reporting Information [Line Items]        
ENI revenue 0.0 22.3 0.0 28.6
ENI operating expenses 4.4 9.5 8.9 19.2
Earnings before variable compensation (4.4) 12.8 (8.9) 9.4
Variable compensation 1.0 10.4 2.6 11.3
ENI operating earnings (after variable comp) (5.4) 2.4 (11.5) (1.9)
Affiliate key employee distributions 0.0 0.1 0.0 (0.1)
Earnings after Affiliate key employee distributions (5.4) 2.3 (11.5) (1.8)
Net interest expense (4.6) (5.4) (9.2) (10.8)
Net investment income (loss) 0.0 0.0 0.0 0.0
Gain on sale of Affiliates       0.0
Net income attributable to non-controlling interests in consolidated Funds   0.0   0.0
Income tax expense (6.3) (11.7) (15.1) (20.0)
Income from discontinued operations, net of tax   0.0   0.0
Loss on extinguishment of debt     0.0  
Gain on disposal of discontinued operations, net of tax   0.0   0.0
Net income attributable to controlling interests (16.3) (14.8) (35.8) (32.6)
Reconciling Adjustments        
Segment Reporting Information [Line Items]        
ENI revenue 0.0 (0.1) 0.0 (0.2)
ENI operating expenses (18.5) 13.5 (24.9) 16.6
Earnings before variable compensation 18.5 (13.6) 24.9 (16.8)
Variable compensation 0.0 0.3 0.0 0.8
ENI operating earnings (after variable comp) 18.5 (13.9) 24.9 (17.6)
Affiliate key employee distributions 0.0 0.0 0.0 0.0
Earnings after Affiliate key employee distributions 18.5 (13.9) 24.9 (17.6)
Net interest expense (0.1) (0.8) (2.0) (1.6)
Net investment income (loss) (0.7) 4.7 (0.8) 7.3
Gain on sale of Affiliates       (1.3)
Net income attributable to non-controlling interests in consolidated Funds   (54.6)   (68.0)
Income tax expense (6.4) 1.8 (7.2) 1.0
Income from discontinued operations, net of tax   53.4   75.3
Loss on extinguishment of debt     (3.2)  
Gain on disposal of discontinued operations, net of tax   509.2   509.2
Net income attributable to controlling interests $ 11.3 $ 499.8 $ 11.7 $ 504.3